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Financial Results Presentation7172Japan Investment Adviser Co.,Ltd.Financials (excluding banks)

Presentation Materials on Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending December 2026

In the first half of the fiscal year ending December 2026, revenue and profit increased, and operating income, ordinary income and net income reached record highs. Revenue fell short of the first-half plan due to the timing shift in recognizing large projects, while profit and investment product sales exceeded the plan. The full-year forecasts were left unchanged.

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Contents of this document

Financial Results PresentationSecond quarter of the fiscal year ending December 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales22,716 Millions of yen+9.4%
Operating profit12,565 Millions of yen+10.4%
Ordinary income11,611 Millions of yen+22.3%
Net income7,869 Millions of yen+28.0%
Gross Profit Margin81.3 %
Selling, general and administrative expenses5,913 Millions of yen
Results for the three months of the current quarter
Business-matching contract partnersIncreased by 15 during the three months of the second quarter, reaching a total of 950 as of the end of June 2026
Full-year earnings forecast
Net Sales
48,960 Millions of yen
Operating profit
23,580 Millions of yen
Ordinary income
19,670 Millions of yen
Profit attributable to owners of the parent
13,000 Millions of yen
Sales of investment interests in products
180,000 Millions of yen
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales46.4
Operating profit53.3
Ordinary income59
Profit attributable to owners of the parent60.5
Sales of investment interests in products58.8
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue fell short of plan, while profit at each stage and investment product sales met or exceeded plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in SG&A expenses
1,276 Millions of yen
Increase in personnel expenses
546 Millions of yen
Increase in rent and lease expenses
109 Millions of yen
Increase in taxes and dues
128 Millions of yen
Foreign Exchange Gains
172 Millions of yen
Equity-Method Investment Losses
486 Millions of yen
Increase in interest income
198 Millions of yen
Increase in interest expense
302 Millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The impact of heightened tensions in the Middle East on the aviation and shipping industries and customer sentiment remains uncertain
New initiatives
  • Business collaboration in the aircraft, real estate, and environmental energy sectors through the capital and business alliance with Sojitz Corporation
  • New investments in ANSeeN and Space BD through the private equity investment business
  • Expansion of new products, including Japanese operating lease transactions involving aircraft engines and helicopters
  • Revitalization and securitization of historical and cultural assets in the real estate business
Key KPIsA metric the company considers important as a management benchmark.
  • Sales of investment interests in products105,842 Millions of yen+37.5%
  • Deal structuring volume234,281 Millions of yen+7.6%
  • Business-matching contract partners950 Engagements
  • Sales share excluding aircraft34.1 %
Segment results
Operating Lease Business
Net Sales20,903 Millions of yen
Year on year against the same period last year+10.3%
Real Estate Business
Net Sales256 Millions of yen
Year on year against the same period last year+61.2%
Environmental Energy Business
Net Sales73 Millions of yen
Year on year against the same period last year-32.1%
PE (private equity) investment business
Net Sales161 Millions of yen
Year on year against the same period last year-56.8%
Other Businesses
Net Sales1,321 Millions of yen
Year on year against the same period last year+12.5%
Medium-term management plan targets
Net Sales69,400 Millions of yen
Target fiscal year2026
Net income for the current fiscal year25,000 Millions of yen
Financial targets
ROE
Target25% or higher
Actual results15 %
Payout ratio
TargetAt least 50%
Actual results50.3 %
Market Size / Share
Japanese operating lease market size
Expected in 202613,930 Hundreds of millions of yen
Sales share excluding aircraft34.1 %
Number of employees
Consolidated362 People
Annual Dividend
¥108 per share
Interim¥54
Payout ratio
50.3
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending December 2026
Net Sales22,716 Millions of yen (YoY +9.4%)
Operating profit12,565 Millions of yen (YoY +10.4%)
Ordinary income11,611 Millions of yen (YoY +22.3%)
Net income7,869 Millions of yen (YoY +28.0%)
Gross Profit Margin81.3 %
Selling, general and administrative expenses5,913 Millions of yen
Results for the three months of the current quarterBusiness-matching contract partners Increased by 15 during the three months of the second quarter, reaching a total of 950 as of the end of June 2026
Full-year earnings forecastNet Sales 48,960 Millions of yen / Operating profit 23,580 Millions of yen / Ordinary income 19,670 Millions of yen / Profit attributable to owners of the parent 13,000 Millions of yen / Sales of investment interests in products 180,000 Millions of yen
Progress against full-year forecastNet Sales 46.4 / Operating profit 53.3 / Ordinary income 59 / Profit attributable to owners of the parent 60.5 / Sales of investment interests in products 58.8
Self-assessment against the planRevenue fell short of plan, while profit at each stage and investment product sales met or exceeded plan
Segment resultsOperating Lease Business Net Sales 20,903 Millions of yen / yoy_pct 10.3 Millions of yen / Real Estate Business Net Sales 256 Millions of yen / yoy_pct 61.2 Millions of yen / Environmental Energy Business Net Sales 73 Millions of yen / yoy_pct -32.1 Millions of yen / PE (private equity) investment business Net Sales 161 Millions of yen / yoy_pct -56.8 Millions of yen / Other Businesses Net Sales 1,321 Millions of yen / yoy_pct 12.5 Millions of yen
Breakdown of Factors Affecting the ChangeIncrease in SG&A expenses 1,276 Millions of yen / Increase in personnel expenses 546 Millions of yen / Increase in rent and lease expenses 109 Millions of yen / Increase in taxes and dues 128 Millions of yen / Foreign Exchange Gains 172 Millions of yen / Equity-Method Investment Losses 486 Millions of yen / Increase in interest income 198 Millions of yen / Increase in interest expense 302 Millions of yen
Key KPIsSales of investment interests in products 105,842 Millions of yen (YoY +37.5%), Deal structuring volume 234,281 Millions of yen (YoY +7.6%), Business-matching contract partners 950 Engagements, Sales share excluding aircraft 34.1 %
Number of employeesConsolidated 362 People / Change during the period Not disclosed
Assumptions Underlying the Business OutlookThe impact of heightened tensions in the Middle East on the aviation and shipping industries and customer sentiment remains uncertain
Medium-term management plan targetsNet Sales 69,400 Millions of yen / Target fiscal year 2026 Millions of yen / Net income for the current fiscal year 25,000 Millions of yen / Operating margin Not disclosed
Financial targetsROE Target 25% or higher / Actual results 15 % / Payout ratio Target At least 50% / Actual results 50.3 %
Annual Dividend¥108 per share
Payout ratio50.3
Market Size / ShareJapanese operating lease market size Expected in 2026 13,930 Hundreds of millions of yen / Sales share excluding aircraft 34.1 %
New initiativesBusiness collaboration in the aircraft, real estate, and environmental energy sectors through the capital and business alliance with Sojitz Corporation, New investments in ANSeeN and Space BD through the private equity investment business, Expansion of new products, including Japanese operating lease transactions involving aircraft engines and helicopters, Revitalization and securitization of historical and cultural assets in the real estate business
Items this document does not state (8)
Operating profit marginUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue fell short of plan because the recognition of large projects recorded on a gross basis shifted into a different period. Profit exceeded plan because the operating lease business drove performance. The company left its full-year forecasts unchanged because the impact of heightened tensions in the Middle East on the aviation and shipping industries and customer sentiment remains uncertain.

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Presentation Materials on Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending December 2026 | Japan Investment Adviser Co.,Ltd. (7172) timely disclosure | Komori