Worth reading
49Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
19.3
% year on yearWording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsInterim period of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥585 100 million+20.2%
Net income¥260 100 million +19.3%interim net income attributable to owners of the parent
Full-year earnings forecast
Consolidated
Ordinary income
¥610 100 million
Profit attributable to owners of the parent
¥440 100 million
Standalone
Ordinary income
¥580 100 million
Net income for the current fiscal year
¥420 100 million
Equity ratio
Consolidated20% range
Standalone20% range
Annual dividend per unit
General ordinary investment dividend
3,000 Yen
Specified ordinary investment dividend
1,500 Yen
Preferred investment dividend
6,500 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。
Interim net income attributable to owners of the parent59.2%
Standalone ordinary profit and net income50% range
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing steadilyBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Standalone ordinary income
Increased
Ordinary revenue1,696
Interest income763
Interest income on loans403
Interest and dividend income on securities293
Fee and commission income10
Trading income4
Other operating income925
Decreased
Management fee-2
Other Ordinary Income-4
Standalone ordinary expenses
Increased
Ordinary Expenses1,720
Funding Costs645
Interest expenses on deposits487
Bond interest19
Fees and commissions expense13
Trading expenses2
Other operating expenses1,056
Expenses6
Decreased
Other ordinary expenses-2
Net balance of five bond accounts
Change-1,060
Net balance of three equity accounts
Change-22
Provision for allowance for doubtful accounts
Change-19
New initiatives
- Continued investment in foreign-currency-denominated floating-rate bonds and other instruments
- Review of the Securities Portfolio
- Maintenance of bonds whose profitability has deteriorated
- Promotion of lending to business corporations and floating-rate assets and short-term loans
Key KPIsA metric the company considers important as a management benchmark.
- Consolidated equity ratio21.23 %
- Equity ratio (standalone)21.69 %
- Loan balance¥133,600 100 million
- Non-performing loan ratio0.16 %
- Total interest spread0.17 %Year on year against the same period last year+0.04 percentage points
- ROE (based on ordinary income)4.33 %Year on year against the same period last year-0.50 percentage points
- ROE (based on interim net income)3.17 %Year on year against the same period last year-0.62 percentage points
- Distributable amount¥3,967 100 millionYear on year against the same period last yearDown ¥34.8 billion from the end of the previous fiscal year
Medium-term management plan targets
Interim net income attributable to owners of the parentApproximately ¥45.0 billion
Consolidated capital adequacy ratio15% or higher
Distributable amount¥200 billion or more
Plan period1 April 2025 to 31 March 2028
Comparison with actual results
Interim net income attributable to owners of the parent260
Consolidated capital adequacy ratio21.23
Distributable amount3,967
Financial targets
Consolidated capital adequacy ratio
Target15% or higher
Actual results21.23 %
Annual Dividend
General ordinary investment dividend
3,000 Yen
Specified ordinary investment dividend
1,500 Yen
Preferred investment dividend
6,500 Yen
Interim DividendNo interim dividend
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Interim period of the fiscal year ending March 2027 |
| Ordinary income | ¥585 100 million (YoY +20.2%) |
| Net income | ¥260 100 million (interim net income attributable to owners of the parent) (YoY +19.3%) |
| Full-year earnings forecast | Consolidated Ordinary income ¥610 100 million / Profit attributable to owners of the parent ¥440 100 million / Standalone Ordinary income ¥580 100 million / Net income for the current fiscal year ¥420 100 million / Equity ratio Consolidated 20% range / Standalone 20% range / Annual dividend per unit General ordinary investment dividend 3,000 Yen / Specified ordinary investment dividend 1,500 Yen / Preferred investment dividend 6,500 Yen |
| Progress against full-year forecast | Interim net income attributable to owners of the parent 59.2% / Standalone ordinary profit and net income 50% range |
| Self-assessment against the plan | Progressing steadily |
| Breakdown of Factors Affecting the Change | Standalone ordinary income Increased Ordinary revenue 1,696 / Interest income 763 / Interest income on loans 403 / Interest and dividend income on securities 293 / Fee and commission income 10 / Trading income 4 / Other operating income 925 / Decreased Management fee -2 / Other Ordinary Income -4 / Standalone ordinary expenses Increased Ordinary Expenses 1,720 / Funding Costs 645 / Interest expenses on deposits 487 / Bond interest 19 / Fees and commissions expense 13 / Trading expenses 2 / Other operating expenses 1,056 / Expenses 6 / Decreased Other ordinary expenses -2 / Net balance of five bond accounts Change -1,060 / Net balance of three equity accounts Change -22 / Provision for allowance for doubtful accounts Change -19 |
| Key KPIs | Indicator name Consolidated equity ratio / Value 21.23 % / Year on year against the same period last year Not disclosed, Indicator name Equity ratio (standalone) / Value 21.69 % / Year on year against the same period last year Not disclosed, Indicator name Loan balance / Value ¥133,600 100 million / Year on year against the same period last year Not disclosed, Indicator name Non-performing loan ratio / Value 0.16 % / Year on year against the same period last year Not disclosed, Indicator name Total interest spread / Value 0.17 % / Year on year against the same period last year +0.04 percentage points, Indicator name ROE (based on ordinary income) / Value 4.33 % / Year on year against the same period last year -0.50 percentage points, Indicator name ROE (based on interim net income) / Value 3.17 % / Year on year against the same period last year -0.62 percentage points, Indicator name Distributable amount / Value ¥3,967 100 million / Year on year against the same period last year Down ¥34.8 billion from the end of the previous fiscal year |
| Medium-term management plan targets | Interim net income attributable to owners of the parent Approximately ¥45.0 billion / Consolidated capital adequacy ratio 15% or higher / Distributable amount ¥200 billion or more / Plan period 1 April 2025 to 31 March 2028 / Comparison with actual results Interim net income attributable to owners of the parent 260 / Consolidated capital adequacy ratio 21.23 / Distributable amount 3,967 |
| Financial targets | Consolidated capital adequacy ratio Target 15% or higher / Actual results 21.23 % |
| Annual Dividend | General ordinary investment dividend 3,000 Yen / Specified ordinary investment dividend 1,500 Yen / Preferred investment dividend 6,500 Yen / Interim Dividend No interim dividend |
| New initiatives | Continued investment in foreign-currency-denominated floating-rate bonds and other instruments, Review of the Securities Portfolio, Maintenance of bonds whose profitability has deteriorated, Promotion of lending to business corporations and floating-rate assets and short-term loans |
Items this document does not state (18)
Net SalesOperating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.Investments in foreign-currency-denominated floating-rate bonds and other instruments in anticipation of rising interest rates, promotion of lending including to business corporations, and accumulation of floating-rate assets and short-term loans contributed to strengthening earnings power. In addition, using the increase in funds investment income as a source of funds, the company reviewed its securities portfolio and carried out maintenance of bonds whose profitability had deteriorated.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.