Worth reading
55In focus
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
11.9
% (year-on-year change in operating revenue)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 March 2026 to 31 August 2026ConsolidatedJapanese GAAPNet Sales311,202million yenYear on year +11.9%Progress 51.9%
Operating profit25,209million yenYear on year -11.0%Progress 56.0%
Ordinary income25,972million yenYear on year -11.0%Progress 57.7%
Net income attributable to owners of the parent10,052million yenYear on year +14.9%Progress 67.0%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥46.56
Financial position at period-end
Total assets8,314,118million yen
of which net assets 606,692 million yenEquity ratio 5.5%vs. prior year-end -0.2pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueDomestic/Retail 134,673 million yen (YoY +9.9%), Domestic/Solutions 102,707 million yen (YoY +7.7%), Overseas/Greater China 19,987 million yen (YoY +16.4%), Overseas/Mekong Region 51,656 million yen (YoY +4.8%), Overseas/Malay Region 59,376 million yen (YoY +23.0%)
Segment profitDomestic/Retail 3,082 million yen (YoY -35.2%), Domestic/Solutions 3,327 million yen (YoY -48.4%), Overseas/Greater China 6,368 million yen (YoY +20.3%), Overseas/Mekong Region 6,458 million yen (YoY -18.3%), Overseas/Malay Region 6,340 million yen (YoY +14.0%)
Regional sales181,253 million yen (YoY +9.6%), 19,987 million yen (YoY +16.4%), 51,656 million yen (YoY +4.8%), 59,376 million yen (YoY +23.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales600,000 million yen (YoY +5.4%)
Operating profit45,000 million yen (YoY -25.8%)
Ordinary income45,000 million yen (YoY -25.9%)
Net income15,000 million yen (YoY -28.9%)
Annual Dividend Forecast53 yen → 53 yen（0.0%）
Factors Behind Changes in Business Performance
Revenue increased due to the expansion of transaction volumes and receivables outstanding. Operating income declined due to higher financial expenses, including deposit interest expenses, following the rise in policy rates, and one-time expenses related to the renewal of the core credit card system.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 1 company / Excluded Company Name AFSコーポレーション株式会社
Material subsequent eventsOn 7 October 2026, the Company issued unsecured straight bonds: ¥14.0 billion in the 32nd series and ¥8.0 billion in the 33rd series. The full proceeds are scheduled to be used to repay short-term borrowings.
Impairment loss474 million yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 7 million yen, Gain on sale of investment securities 1,731 million yen / Extraordinary loss Losses on disposal of fixed assets 346 million yen, Impairment Losses 474 million yen, Loss on sale of investment securities 39 million yen, Impairment Loss on Investment Securities 277 million yen, Other 13 million yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End216,010,128 Shares
Treasury Shares at Period-End120,917 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 March 2026 to 31 August 2026 |
| Net Sales | 311,202 million yen (YoY +11.9%) |
| Operating profit | 25,209 million yen (YoY -11.0%) |
| Ordinary income | 25,972 million yen (YoY -11.0%) |
| Profit attributable to owners of the parent | 10,052 million yen (YoY +14.9%) |
| Net income per share | ¥46.56 |
| Equity ratio | End of the current fiscal period 5.5 / End of previous period 5.7 |
| Total assets | 8,314,118 million yen |
| Net assets | 606,692 million yen |
| Full-year earnings forecast | Net Sales 600,000 million yen (YoY +5.4%) / Operating profit 45,000 million yen (YoY -25.8%) / Ordinary income 45,000 million yen (YoY -25.9%) / Net income 15,000 million yen (YoY -28.9%) |
| Annual Dividend Forecast | 53 yen → 53 yen（0.0%） |
| Segment revenue | Domestic/Retail 134,673 million yen (YoY +9.9%), Domestic/Solutions 102,707 million yen (YoY +7.7%), Overseas/Greater China 19,987 million yen (YoY +16.4%), Overseas/Mekong Region 51,656 million yen (YoY +4.8%), Overseas/Malay Region 59,376 million yen (YoY +23.0%) |
| Segment profit | Domestic/Retail 3,082 million yen (YoY -35.2%), Domestic/Solutions 3,327 million yen (YoY -48.4%), Overseas/Greater China 6,368 million yen (YoY +20.3%), Overseas/Mekong Region 6,458 million yen (YoY -18.3%), Overseas/Malay Region 6,340 million yen (YoY +14.0%) |
| Regional sales | 181,253 million yen (YoY +9.6%), 19,987 million yen (YoY +16.4%), 51,656 million yen (YoY +4.8%), 59,376 million yen (YoY +23.0%) |
| Impairment loss | 474 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 7 million yen, Gain on sale of investment securities 1,731 million yen / Extraordinary loss Losses on disposal of fixed assets 346 million yen, Impairment Losses 474 million yen, Loss on sale of investment securities 39 million yen, Impairment Loss on Investment Securities 277 million yen, Other 13 million yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 1 company / Excluded Company Name AFSコーポレーション株式会社 |
| Material subsequent events | On 7 October 2026, the Company issued unsecured straight bonds: ¥14.0 billion in the 32nd series and ¥8.0 billion in the 33rd series. The full proceeds are scheduled to be used to repay short-term borrowings. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 216,010,128 Shares |
| Treasury Shares at Period-End | 120,917 Shares |
| Factors Behind Changes in Business Performance | Revenue increased due to the expansion of transaction volumes and receivables outstanding. Operating income declined due to higher financial expenses, including deposit interest expenses, following the rise in policy rates, and one-time expenses related to the renewal of the core credit card system. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyOrders received and order backlogDepreciation and amortization
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.Operating revenue increased as transaction volumes and receivables outstanding expanded in Japan and overseas. Operating income and ordinary income declined due to higher financial expenses, including deposit interest expenses, following the rise in domestic policy rates, as well as one-time expenses related to the renewal of the core credit card system.
How to read this page
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