Worth reading
90Important
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
260
¥100 million (year-on-year increase in net income attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ended March 2026 (fiscal 2025)14 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥223 100 million TC consolidated and aircraft business
Net income¥1,113 100 million +30.5%net income attributable to owners of the parent
Results for the three months of the current quarterQuarterly standalone ordinary income is provided for NRS (4Q FY2025: ¥5.4 billion)
Full-year earnings forecast
Profit attributable to owners of the parent
1,230 Hundreds of millions of yen
Annual Dividend
¥90
Payout ratio
35.8 %
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。
Domestic Business Division
95 %
Domestic leasing business
95 %
Auto mobility business
67.4 %
Specialty business
150.6 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Achievement rates are shown by segment. Domestic leasing and auto mobility were below plan, while specialty exceeded plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Russia-related insurance settlement650 Hundreds of millions of yen
- Reversal of tax expenses in the aircraft business108 Hundreds of millions of yen
- Profit contributions from each business segment98 Hundreds of millions of yen
- Impairment losses on the biomass co-firing power generation business-468 Hundreds of millions of yen
- Impairment losses on subsidiaries' systems and goodwill, among other items-119 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Exchange rate150 JPY/USD
New initiatives
- Expansion of collaboration with the NTT Group, JICT and Mitsubishi Estate in the U.S. data center business
- Acquisition of all shares in Australia's Bargain Car Rentals
- Making CTM Ltd. an equity-method affiliate
- Making Advantage Partners an equity-method affiliate
- Reorganization into 6 new divisions
Key KPIsA metric the company considers important as a management benchmark.
- ROA1.6 %Year on year against the same period last year+0.3 percentage points
- ROE10.4 %Year on year against the same period last year+1.4 percentage points
- Equity ratio15.5 %Year on year against the same period last year+0.5 percentage points year on year
- Interest-Bearing Debt51,425 Hundreds of millions of yenYear on year against the same period last year+2,299.0%
- Segment assets63,107 Hundreds of millions of yenYear on year against the same period last year+2,509.0%
- Aircraft owned278 satellitesYear on year against the same period last year+7.0%
- Aircraft owned, managed or committed446 satellites
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Used-car price index: 198 in March 2026, with April 2019 set at 100. Disclosure of paired unit-price and volume figures: Not disclosedSegment results
- Domestic leasing businessProfit228 Hundreds of millions of yenYear on year against the same period last year-¥0 million
- Auto mobility businessProfit121 Hundreds of millions of yenYear on year against the same period last year-56.0%
- Specialty businessProfit1,122 Hundreds of millions of yenYear on year against the same period last year+793.0%
- International businessProfit235 Hundreds of millions of yenYear on year against the same period last year+72.0%
- Environmental infrastructure businessProfit-445 Hundreds of millions of yenYear on year against the same period last year-445.0%
- OtherProfit-149 Hundreds of millions of yenYear on year against the same period last year-104.0%
Medium-term management plan targets
PlanMedium-Term Management Plan 2027
Target
Net income for the current fiscal year1,000 Hundreds of millions of yen
ROA1.4 Hundreds of millions of yen
ROE10 Hundreds of millions of yen
Comparison with actual resultsAchieved ahead of schedule based on FY2025 results
Financial targets
ROA
Target1.4 %
Actual results1.6 %
ROE
Target10 %
Actual results10.4 %
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
¥-20 100 million after tax
DetailsRisk buffer for uncertainties including heightened instability in the Middle East
Market Size / Share
Bargain Car Rentals is described as the No. 1 locally owned car rental company in Australia. Market share figures: Not disclosedNumber of stores and locations
Bargain Car Rentals: 14 locations. The number of openings and closures during the period: Not disclosedAnnual Dividend
FY2025
¥80
FY2026 forecast
¥90
Payout ratio
FY202535.1 %
FY2026 forecast35.8 %
Dividend policy35% or more
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ended March 2026 (fiscal 2025) |
| Ordinary income | ¥223 100 million (TC consolidated and aircraft business) |
| Net income | ¥1,113 100 million (net income attributable to owners of the parent) (YoY +30.5%) |
| Results for the three months of the current quarter | Quarterly standalone ordinary income is provided for NRS (4Q FY2025: ¥5.4 billion) |
| Full-year earnings forecast | Profit attributable to owners of the parent 1,230 Hundreds of millions of yen / Annual Dividend ¥90 / Payout ratio 35.8 % |
| Progress against full-year forecast | Domestic Business Division 95 % / Overseas Business Division Not disclosed / Social Infrastructure Division Not disclosed / Transport Division Not disclosed / Mobility Division Not disclosed / Corporate Investment Division Not disclosed / Domestic leasing business 95 % / Auto mobility business 67.4 % / Specialty business 150.6 % |
| Self-assessment against the plan | Achievement rates are shown by segment. Domestic leasing and auto mobility were below plan, while specialty exceeded plan. |
| Segment results | Segment Domestic leasing business / Sales Not disclosed / Profit 228 Hundreds of millions of yen / Year on year against the same period last year -¥0 million, Segment Auto mobility business / Sales Not disclosed / Profit 121 Hundreds of millions of yen / Year on year against the same period last year -56, Segment Specialty business / Sales Not disclosed / Profit 1,122 Hundreds of millions of yen / Year on year against the same period last year 793, Segment International business / Sales Not disclosed / Profit 235 Hundreds of millions of yen / Year on year against the same period last year 72, Segment Environmental infrastructure business / Sales Not disclosed / Profit -445 Hundreds of millions of yen / Year on year against the same period last year -445, Segment Other / Sales Not disclosed / Profit -149 Hundreds of millions of yen / Year on year against the same period last year -104 |
| Breakdown of Factors Affecting the Change | Factors Russia-related insurance settlement / Amount 650 Hundreds of millions of yen, Factors Reversal of tax expenses in the aircraft business / Amount 108 Hundreds of millions of yen, Factors Profit contributions from each business segment / Amount 98 Hundreds of millions of yen, Factors Impairment losses on the biomass co-firing power generation business / Amount -468 Hundreds of millions of yen, Factors Impairment losses on subsidiaries' systems and goodwill, among other items / Amount -119 Hundreds of millions of yen |
| Key KPIs | Indicator name ROA / Value 1.6 % / Year on year against the same period last year +0.3 percentage points, Indicator name ROE / Value 10.4 % / Year on year against the same period last year +1.4 percentage points, Indicator name Equity ratio / Value 15.5 % / Year on year against the same period last year +0.5 percentage points year on year, Indicator name Interest-Bearing Debt / Value 51,425 Hundreds of millions of yen / Year on year against the same period last year 2,299 Hundreds of millions of yen, Indicator name Segment assets / Value 63,107 Hundreds of millions of yen / Year on year against the same period last year 2,509 Hundreds of millions of yen, Indicator name Aircraft owned / Value 278 satellites / Year on year against the same period last year 7 satellites, Indicator name Aircraft owned, managed or committed / Value 446 satellites / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Used-car price index: 198 in March 2026, with April 2019 set at 100. Disclosure of paired unit-price and volume figures: Not disclosed |
| Number of stores and locations | Bargain Car Rentals: 14 locations. The number of openings and closures during the period: Not disclosed |
| Assumptions Underlying the Business Outlook | Item Exchange rate / Value 150 JPY/USD |
| Risk amount incorporated into the outlook | Amount ¥-20 100 million (after tax) / Details Risk buffer for uncertainties including heightened instability in the Middle East |
| Medium-term management plan targets | Plan Medium-Term Management Plan 2027 / Target Net income for the current fiscal year 1,000 Hundreds of millions of yen / ROA 1.4 Hundreds of millions of yen / ROE 10 Hundreds of millions of yen / Comparison with actual results Achieved ahead of schedule based on FY2025 results |
| Financial targets | ROA Target 1.4 % / Actual results 1.6 % / ROE Target 10 % / Actual results 10.4 % |
| Annual Dividend | FY2025 ¥80 / FY2026 forecast ¥90 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | FY2025 35.1 % / FY2026 forecast 35.8 % / Dividend policy 35% or more |
| Market Size / Share | Bargain Car Rentals is described as the No. 1 locally owned car rental company in Australia. Market share figures: Not disclosed |
| New initiatives | Expansion of collaboration with the NTT Group, JICT and Mitsubishi Estate in the U.S. data center business, Acquisition of all shares in Australia's Bargain Car Rentals, Making CTM Ltd. an equity-method affiliate, Making Advantage Partners an equity-method affiliate, Reorganization into 6 new divisions |
Items this document does not state (10)
Net SalesOperating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesNumber of employeesAcquisition 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.In FY2025, earnings were boosted by an insurance settlement in the aircraft business related to Russia, the reversal of tax expenses in the aircraft business, and gains on the sale of assets including U.S. data centers. At the same time, the company recorded impairment losses on its biomass co-firing power generation business and system impairment losses at NCS. In FY2026, the company plans to offset the loss of one-off gains from the previous fiscal year by expanding its underlying earnings power in overseas business, mobility, corporate investment and other areas.
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.