Ordinary profit decreased due to higher gross profit and credit costs.
First written in FY2016. 17 of 38 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-07-30.
No other company in this theme has enough history to compare yet.
- 2026-07-30AdvancedEarnings
「Operating income increased 39.0% year on year to ¥16,183 million despite higher personnel and property expenses, due to strong gross profit. Ordinary income increased 57.5% year on year to ¥29,087 million due to higher equity-method investment gains and other factors, while quarterly profit attributable to owners of the parent increased 52.7% year on year to ¥23,255 million.」
Operating income, ordinary income and quarterly profit attributable to owners of the parent increased, driven by higher gross profit and equity-method investment gains. - FY2026Higher revenue and lower operating profit, but higher net profitAnnual report
「Operating income decreased by ¥4,291 million, or 8.8%, to ¥44,674 million, due to higher personnel expenses and property expenses despite strong gross profit growth. Ordinary income decreased by ¥1,249 million, or 1.9%, to ¥64,969 million. As a result, net income attributable to owners of the parent increased by ¥5,571 million, or 13.3%, to ¥47,609 million, mainly due to the sale of cross-shareholdings.」
Gross profit increased, but operating income and ordinary income declined due to higher personnel expenses and property expenses, while net income attributable to owners of the parent increased mainly due to the sale of cross-shareholdings. - 2026-05-14OtherRevision of earnings forecasts
「Ordinary income decreased 1.9% year on year to ¥64,969 million due to higher interest expenses and other factors. Profit attributable to owners of the parent increased 13.3% year on year to ¥47,609 million.」
Ordinary income declined, while profit attributable to owners of the parent increased. - FY2026-H1Revenue increased, operating income declined, while ordinary income and net income increasedAnnual report
「Operating income decreased 3.0% to ¥23,458 million, as investments in personnel and IT to strengthen the management base led to higher personnel expenses and property expenses. Ordinary income increased 1.0% to ¥35,111 million, mainly due to higher equity in net earnings of affiliates, while interim net income attributable to owners of the parent increased 13.5% to ¥29,053 million.」
Operating income decreased 3.0% due to higher personnel expenses and property expenses, while ordinary income increased 1.0% and interim net income attributable to owners of the parent increased 13.5%, mainly due to higher equity in net earnings of affiliates. - FY2025AdvancedAnnual report
「Net income attributable to owners of the parent increased by ¥6,817 million, or 19.4%, to ¥42,038 million.」
Net income attributable to owners of the parent reached ¥42,000 million, a record high. - FY2025-H1AdvancedAnnual report
「Regarding earnings, revenue increased 9.8% year on year to ¥298,417 million, and gross profit increased 21.3% to ¥41,953 million. Operating income increased 28.2% to ¥24,176 million, as strong gross profit growth more than offset increases in funding costs, personnel expenses and property expenses. Ordinary income increased 35.2% to ¥34,764 million, mainly due to higher equity in net earnings of affiliates, while interim net income attributable to owners of the parent increased 43.0% to ¥25,595 million.」
Despite increases in funding costs, personnel expenses and property expenses, profit at each stage increased year on year, supported by strong gross profit and higher equity in net earnings of affiliates. - FY2024AdvancedAnnual report
「As a result, net income attributable to owners of the parent increased by ¥6,821 million (24.0%) to ¥35,220 million.」
Net income attributable to owners of the parent was ¥35.220 billion, up 24.0% from the previous fiscal year. - FY2024-Q3AdvancedAnnual report
「Regarding operating results, revenue increased 47.9% year on year to ¥502,744 million due to the sale of properties upon expiration of a large real estate transaction, while gross profit increased 12.8% to ¥53,711 million. Operating profit increased 12.5% to ¥30,061 million because spread income remained strong despite higher funding costs, personnel expenses, property expenses and other factors. Ordinary profit increased 15.3% to ¥40,038 million due to dividends received from the sale of a ship transaction and overseas real estate, while net income attributable to owners of the parent increased 11.4% to ¥27,582 million.」
Revenue increased due to property sales upon expiration of a large real estate transaction, while all profit measures increased against a backdrop of strong spread income and dividends related to ship transactions and overseas real estate sales. - FY2024-Q2AdvancedAnnual report
「Regarding operating results, revenue increased 18.8% year on year to ¥271,798 million, while gross profit increased 9.9% to ¥34,586 million. Operating profit increased 8.6% to ¥18,862 million because spread income remained strong despite higher funding costs, property expenses and other factors. Ordinary profit increased 16.7% to ¥25,722 million due to dividends received from the sale of a ship transaction and overseas real estate, while net income attributable to owners of the parent increased 14.8% to ¥17,894 million.」
Despite higher funding costs and property expenses, all profit measures increased year on year due to strong spread income and dividends related to ship transactions and overseas real estate sales. - FY2024-Q1Higher revenue, but lower gross profit and operating profitAnnual report
「Regarding operating results, revenue increased 8.6% year on year to ¥123,854 million, while gross profit decreased 3.3% to ¥15,457 million. Operating profit decreased 16.0% to ¥7,199 million due to higher property expenses, credit costs and other factors. Ordinary profit decreased 13.5% to ¥9,983 million, while net income attributable to owners of the parent decreased 16.2% to ¥6,824 million.」
While revenue increased, gross profit, operating profit, ordinary profit and net income attributable to owners of the parent decreased. Higher property expenses and credit costs were cited as factors behind the decline in operating profit. - FY2023AdvancedAnnual report
「Net income attributable to owners of the parent increased by ¥13,495 million (90.6%) to ¥28,398 million.」
Net income attributable to owners of the parent increased to ¥28.398 billion, approaching the ¥30 billion final target of the previous medium-term management plan. - FY2023-Q3AdvancedAnnual report
「Gross profit increased 22.8% to ¥47,606 million due to the accumulation of assets in highly profitable Finance and real estate areas. Operating profit increased 50.6% to ¥26,716 million due to strong spread income and persistently low credit costs. Ordinary profit increased 50.2% to ¥34,713 million due to higher equity-method investment income, while net income attributable to owners of the parent increased 42.9% to ¥24,757 million.」
Gross profit, operating profit, ordinary profit and net income attributable to owners of the parent all increased, driven by the accumulation of assets in highly profitable Finance and real estate areas, low credit costs and higher equity-method investment income. - FY2023-Q2AdvancedAnnual report
「Revenue decreased 12.0% year on year to ¥228,829 million because property sales upon expiration of real estate transactions were recorded in the same period of the previous year. Gross profit increased 21.2% to ¥31,465 million due to the accumulation of assets in the highly profitable Finance area and the collection of outstanding lease receivables from an aircraft transaction as a nonrecurring factor. Operating profit increased 30.8% to ¥17,373 million due to strong spread income and persistently low credit costs. Ordinary profit increased 59.9% to ¥22,034 million due to higher equity-method investment income, while net income attributable to owners of the parent increased 64.2% to ¥15,584 million.」
While revenue declined due to the reversal of property sales in real estate transactions, all profit measures increased due to the accumulation of Finance assets, collection of outstanding lease receivables from an aircraft transaction, low credit costs and higher equity-method investment income. - FY2023-Q1Declining revenue and higher profitAnnual report
「Revenue decreased 3.6% year on year to ¥114,038 million. Gross profit increased 26.6% to ¥15,992 million, and operating profit increased 34.2% to ¥8,572 million, following improved profitability as the Company focused on accumulating assets in highly profitable real estate and Finance areas. Ordinary profit increased 64.7% to ¥11,538 million due to higher equity-method investment income, while net income attributable to owners of the parent increased 64.1% to ¥8,139 million.」
While revenue declined, gross profit, operating profit, ordinary profit and net income attributable to owners of the parent increased due to the accumulation of assets in highly profitable real estate and Finance areas, higher equity-method investment income and other factors. - FY2022-Q3Higher revenue and ordinary profit, but lower operating profit and net incomeAnnual report
「Regarding operating results, revenue increased 11.3% year on year to ¥389,540 million. Gross profit increased 5.1% to ¥38,752 million, as the decline in aviation-related earnings was more than offset by the accumulation of Finance assets and lower funding costs resulting from lower foreign-currency funding rates. Operating profit decreased 0.3% to ¥17,745 million due to the recognition of aviation-related allowances and other items. Ordinary profit increased 5.4% to ¥23,105 million due to higher equity-method investment income, while net income attributable to owners of the parent decreased 3.8% to ¥17,320 million because gains on the sale of investment securities were recorded as extraordinary income in the same period of the previous year.」
While revenue, gross profit and ordinary profit increased, operating profit declined slightly due to aviation-related allowances and other items, and net income attributable to owners of the parent decreased due to the reversal of gains on the sale of investment securities recorded in the same period of the previous year. - FY2022-Q2Higher revenue and operating profit, but lower ordinary profit and net incomeAnnual report
「Revenue increased 13.7% year on year to ¥259,963 million. Gross profit increased 7.4% to ¥25,972 million because funding costs decreased due to the accumulation of Finance assets and lower foreign-currency funding rates. Operating profit increased 18.1% to ¥13,280 million due to the recognition of credit cost reversals. Ordinary profit decreased 5.8% to ¥13,776 million due to lower equity-method investment income, while net income attributable to owners of the parent decreased 26.9% to ¥9,493 million because gains on the sale of investment securities were recorded as extraordinary income in the same period of the previous year.」
While revenue, gross profit and operating profit increased, ordinary profit and net income attributable to owners of the parent decreased due to lower equity-method investment income and the reversal of gains on the sale of investment securities recorded in the same period of the previous year. - FY2022-Q1Higher revenue and operating profit, but lower net profitAnnual report
「Regarding operating results, revenue increased 2.5% year on year to ¥118,264 million. Operating profit increased 8.0% to ¥6,385 million due to credit cost reversals and lower funding costs resulting from lower foreign-currency funding rates. Ordinary profit increased 7.9% to ¥7,003 million, while net income attributable to owners of the parent decreased 33.3% to ¥4,961 million because gains on the sale of investment securities were recorded as extraordinary income in the same period of the previous year.」
While revenue, operating profit and ordinary profit increased, net income attributable to owners of the parent decreased due to the reversal of gains on the sale of investment securities recorded in the same period of the previous year. - FY2021AdvancedAnnual report
「Net income attributable to owners of the parent increased 24.3% to ¥21,772 million, marking a record high for the eighth consecutive fiscal year.」
Net income attributable to owners of the parent was ¥21,772 million, marking a record high for the eighth consecutive fiscal year. - FY2021-Q3Lower revenue, slightly lower operating profit, but higher ordinary profit and net incomeAnnual report
「Regarding operating results, revenue decreased 8.0% year on year to ¥350,131 million because property sales upon expiration of real estate bridge transactions were recorded in the same period of the previous year. Gross profit increased 4.7% to ¥36,885 million because spread income increased as lease income grew with the accumulation of operating assets, while funding costs decreased due to lower foreign-currency funding rates. Operating profit decreased 0.7% to ¥17,803 million because, although credit cost reversals were recorded in the same period of the previous year, small allowances were recognized in the current period. Ordinary profit increased 20.3% to ¥21,920 million due to higher equity-method investment income. Net income attributable to owners of the parent increased 43.7% to ¥17,997 million due to higher ordinary profit and gains on the sale of investment securities recorded as extraordinary income.」
While revenue declined due to the reversal of property sales from real estate bridge transactions and operating profit declined slightly due to the reversal of credit cost reversals, ordinary profit and net income attributable to owners of the parent increased due to equity-method investment income and gains on the sale of investment securities. - FY2021-Q2Lower revenue, lower operating profit, but higher ordinary profit and net incomeAnnual report
「Regarding operating results, revenue decreased 10.3% year on year to ¥228,719 million because property sales upon expiration of real estate bridge transactions were recorded in the same period of the previous year. Gross profit increased 1.0% to ¥24,192 million due to lower funding costs resulting from lower foreign-currency funding rates. Operating profit decreased 10.8% to ¥11,248 million because, although credit cost reversals were recorded in the same period of the previous year, small allowances were recognized in the current period. Ordinary profit increased 13.0% to ¥14,629 million due to higher equity-method investment income, while net income attributable to owners of the parent increased 46.8% to ¥12,991 million due to gains on the sale of investment securities recorded as extraordinary income.」
Revenue declined due to the reversal of property sales from real estate bridge transactions, and operating profit decreased due to the reversal of credit cost reversals. However, ordinary profit and net income attributable to owners of the parent increased due to equity-method investment income and gains on the sale of investment securities. - FY2021-Q1Revenue decline, but operating profit, ordinary profit, and net income growthAnnual report
「Regarding operating results, revenue decreased 19.4% year on year to ¥115,410 million due to a decline in property sales upon expiration of real estate bridge transactions. Operating profit increased 6.7% to ¥5,910 million because spread income increased year on year, supported by steady growth in the balance of operating assets, while funding costs decreased due to lower foreign-currency funding rates. Ordinary profit increased 11.1% to ¥6,493 million due to higher equity-method investment income, and net income attributable to owners of the parent increased 79.6% to ¥7,441 million due to gains on the sale of investment securities recorded as extraordinary income.」
While revenue declined due to fewer property sales from real estate bridge transactions, operating profit, ordinary profit and net income attributable to owners of the parent increased due to lower funding costs, higher equity-method investment income and gains on the sale of investment securities. - FY2020AdvancedAnnual report
「As a result, net income attributable to owners of the parent increased by ¥918 million to ¥17,512 million, marking a record high for the seventh consecutive fiscal year.」
Net income attributable to owners of the parent was ¥17,512 million, marking a record high for the seventh consecutive fiscal year. - FY2020-Q3Higher revenue, slightly lower operating profit and lower ordinary profitAnnual report
「Revenue increased 42.7% year on year to ¥380,513 million due to the sale of properties upon expiration of real estate bridge transactions. Although spread income increased year on year, operating profit decreased 0.2% to ¥17,927 million due in part to higher personnel and property expenses and the recognition of a large reversal of allowance for doubtful accounts in the same period of the previous year. Ordinary profit decreased 6.6% to ¥18,219 million, partly because investment income was recorded in non-operating income in the same period of the previous year, while net income attributable to owners of the parent decreased 4.2% to ¥12,523 million.」
Revenue increased due to the sale of properties in real estate bridge transactions, and spread income also increased. However, operating profit declined slightly, while ordinary profit and net income attributable to owners of the parent decreased due to higher personnel and property expenses and the reversal of allowance for doubtful accounts and investment income recorded in the same period of the previous year. - FY2020-Q2Higher revenue and operating profit, but a slight decline in ordinary profitAnnual report
「Revenue increased 41.8% year on year to ¥254,901 million due to the sale of properties upon expiration of real estate bridge transactions. Operating profit increased 13.9% to ¥12,608 million due to higher spread income. Ordinary profit decreased 0.4% to ¥12,945 million, partly because investment income was recorded in non-operating income in the same period of the previous year, while net income attributable to owners of the parent increased 2.7% to ¥8,850 million.」
Revenue increased due to property sales upon expiration of real estate bridge transactions, and operating profit and net income attributable to owners of the parent increased. Ordinary profit declined slightly due to the reversal of investment income recorded in the same period of the previous year. - FY2020-Q1Higher Sales and Operating Profit but Lower Ordinary ProfitAnnual report
「Regarding operating results, revenue increased 67.7% year on year to ¥143,172 million because sales of properties upon lease expiration were concentrated in the period. Gross profit increased 14.8% to ¥11,908 million due to higher spread income. Ordinary profit decreased 10.1% to ¥5,843 million due in part to the incurrence of modest credit costs and investment income recorded in non-operating income in the same period of the previous year, while net income attributable to owners of the parent decreased 2.4% to ¥4,143 million.」
Revenue and gross profit increased due to the sale of rental properties, and operating profit also increased year on year. However, ordinary profit and net income attributable to owners of the parent decreased due to the incurrence of credit costs and the reversal of investment income recorded in the same period of the previous year. - FY2019AdvancedAnnual report
「Operating profit increased 19.6% to ¥22,913 million because business strategies set out in the Fifth Medium-Term Management Plan, including the global business strategy, proved effective and spread income increased year on year. Ordinary profit increased 21.3% to ¥24,226 million, partly because investment income was recorded in non-operating income, while net income attributable to owners of the parent increased 21.6% to ¥16,594 million.」
While revenue declined, operating profit, ordinary profit and net income attributable to owners of the parent all increased. - FY2019-Q3Continued lower revenue and higher profitAnnual report
「Revenue decreased 5.9% year on year to ¥266,578 million because revenue from the sale of rental properties upon lease expiration was recorded in the same period of the previous year. Operating profit increased 27.1% to ¥17,956 million because spread income increased year on year, driven by growth in the global business and other factors. Ordinary profit increased 32.7% to ¥19,510 million, partly because investment income was recorded in non-operating income, while net income attributable to owners of the parent increased 27.8% to ¥13,078 million.」
While revenue declined due to the reversal of revenue from the sale of rental properties recorded in the same period of the previous year, operating profit, ordinary profit and net income attributable to owners of the parent increased. - FY2019-Q2Return to higher revenue and earningsAnnual report
「Regarding operating results, revenue increased 0.8% year on year to ¥179,779 million. Operating profit increased 16.7% to ¥11,066 million due to higher spread income. Ordinary profit increased 29.9% to ¥12,991 million, partly because investment income was recorded in non-operating income, while net income attributable to owners of the parent increased 28.6% to ¥8,622 million.」
After a trend of lower revenue and earnings through the previous fiscal year, revenue, operating profit, ordinary profit and net income attributable to owners of the parent all increased in the cumulative second quarter. - FY2019-Q1Improved profits despite lower revenueAnnual report
「Regarding operating results, revenue decreased 9.4% year on year to ¥85,389 million because revenue from the sale of rental properties upon lease expiration was recorded in the same period of the previous year. Operating profit increased 16.5% year on year to ¥5,530 million due to higher spread income. Ordinary profit increased 30.3% to ¥6,498 million, partly because investment income was recorded in non-operating income, while net income attributable to owners of the parent increased 26.6% to ¥4,245 million.」
While revenue declined due to the reversal of revenue from the sale of rental properties recorded in the same period of the previous year, operating profit, ordinary profit and net income attributable to owners of the parent increased due to higher spread income and the recognition of investment income. - FY2018AdvancedAnnual report
「In fiscal 2017, the first year of the plan, the Company steadily implemented strategies for further growth, including entering new areas and promoting initiatives focused on profitability. As a result, net income attributable to owners of the parent was ¥13,643 million, marking a record high for the fifth consecutive fiscal year.」
Although revenue decreased 6.9% year on year, net income attributable to owners of the parent was ¥13,643 million, marking a record high for the fifth consecutive fiscal year. - FY2018-Q3Flat revenue and continued earnings declineAnnual report
「Regarding operating results, revenue was flat year on year at ¥283,276 million. Although spread income, defined as gross profit before funding costs, increased year on year, operating profit decreased 5.9% to ¥14,127 million due in part to higher funding costs resulting from increased foreign-currency borrowing, temporary increases in borrowings and a higher long-term funding ratio. Ordinary profit decreased 5.4% to ¥14,701 million, while net income attributable to owners of the parent decreased 2.1% to ¥10,231 million.」
While revenue was flat year on year, operating profit, ordinary profit and net income attributable to owners of the parent decreased due mainly to higher funding costs. - FY2018-Q2Lower revenue and profit continuedAnnual report
「Regarding operating results, revenue decreased 1.6% year on year to ¥178,408 million because revenue from the sale of large real estate rental properties upon lease expiration was recorded in the same period of the previous year. Operating profit decreased 10.6% to ¥9,480 million, ordinary profit decreased 10.0% to ¥10,003 million, and net income attributable to owners of the parent decreased 10.6% to ¥6,702 million, mainly because reversals of allowance for doubtful accounts recorded in the same period of the previous year did not recur.」
Revenue and each profit measure decreased year on year due to the reversal of the impact of revenue from the sale of large rental properties and reversals of allowance for doubtful accounts recorded in the same period of the previous year. - FY2018-Q1Shift to higher revenue and lower profitAnnual report
「Regarding operating results, revenue increased 22.4% year on year to ¥94,238 million, due to growth in contract execution volume as well as revenue from the sale of large rental properties upon expiration of their leases. Operating profit decreased 4.0% to ¥4,748 million, ordinary profit decreased 5.5% to ¥4,987 million, and net income attributable to owners of the parent decreased 6.5% to ¥3,353 million, mainly because reversals of allowance for doubtful accounts recorded in the same period of the previous year did not recur.」
While revenue increased due to growth in contract execution volume and other factors, operating profit, ordinary profit and net income attributable to owners of the parent decreased because reversals of allowance for doubtful accounts recorded in the same period of the previous year did not recur. - FY2017AdvancedAnnual report
「In addition, amid persistently low market interest rates, gross profit increased 2.0% from the previous fiscal year, fiscal year ended March 2016, to ¥39,206 million, due to the capture of high-profitability opportunities in priority areas and lower funding costs. Ordinary profit increased 1.2% to ¥18,789 million despite absorbing the higher burden of credit costs, while net income attributable to owners of the parent increased 6.9% to ¥12,414 million.」
Gross profit increased due to the capture of high-profitability opportunities and lower funding costs, while ordinary profit and net income attributable to owners of the parent also increased despite the higher burden of credit costs. - FY2017-Q3AdvancedAnnual report
「Revenue increased 11.9% year on year to ¥284,644 million. Along with continued improvement in credit costs, operating income rose 13.2% to ¥15,008 million, ordinary income rose 13.1% to ¥15,532 million, and quarterly net income attributable to owners of the parent rose 14.9% to ¥10,456 million.」
Revenue, operating profit, ordinary profit and net income attributable to owners of the parent all increased year on year, indicating improved profit metrics alongside an improvement in credit costs. - FY2017-Q2AdvancedAnnual report
「Revenue increased 9.1% year on year to ¥181,364 million. In addition to higher gross profit, improvements in credit costs and other factors resulted in operating profit increasing 27.1% to ¥10,599 million, ordinary profit increasing 26.5% to ¥11,111 million, and net income attributable to owners of the parent increasing 27.3% to ¥7,501 million.」
Revenue, operating profit, ordinary profit and net income attributable to owners of the parent all increased year on year, demonstrating an improvement in profit metrics. - FY2017-Q1AdvancedAnnual report
「Regarding operating results, revenue decreased 4.6% year on year to ¥77,013 million, partly because Toshiba Medical Finance Co., Ltd. was removed from the scope of consolidation in April this year. However, operating profit increased 19.7% to ¥4,948 million, ordinary profit increased 22.3% to ¥5,277 million, and net income attributable to owners of the parent increased 31.3% to ¥3,585 million, primarily due to an increase in reversals of allowance for doubtful accounts.」
Although revenue declined, operating profit, ordinary profit and net income attributable to owners of the parent all increased year on year, mainly due to an increase in reversals of allowance for doubtful accounts. - FY2016First statedAnnual report
「Amid persistently low market interest rates, the Company sought to improve profitability by capturing high-profitability opportunities in priority areas. Gross profit increased 9.0% from the previous fiscal year, fiscal year ended March 2015, to ¥38,441 million. Credit costs were incurred in connection with ship finance, causing ordinary profit to decrease 2.1% year on year to ¥18,570 million, but net income attributable to owners of the parent increased 4.2% to ¥11,609 million.」
The statement cites both an increase in gross profit from capturing high-profitability opportunities and a decrease in ordinary profit due to credit costs related to ship finance.