Declining Capital Investment Demand and Intensifying Competition in the Leasing Industry
First written in FY2017. 7 of 17 entries say "Mitigated", first in FY2023-Q3. Latest entry: FY2026.
NEC Capital Solutions Limited moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2017: 2 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In the leasing industry in which our Group operates, industry-wide lease transaction volume for the cumulative period from April 2025 through March 2026 was ¥5,298.4 billion, up 4.2% from the previous fiscal year.」
The leasing market continued to grow from the previous fiscal year, and its recovery from the contraction in fiscal 2021 continued. Competitive conditions continue to be identified as a risk. - 2026-04-28MitigatedFinancial results presentation
「業界全体は前年比3.0％増加、当社主力の情報通信機器は前年比8.7%増加」
リース市場および情報通信機器市場の前年比増加が、設備投資需要の減少局面からの回復を示している。 - FY2025MitigatedAnnual report
「In the leasing industry in which our Group operates, industry-wide lease transaction volume for the cumulative period from April 2024 through March 2025 was ¥5,084.7 billion, up 9.8% from the previous fiscal year.」
The leasing market grew 9.8% from the previous fiscal year, and its recovery from the market contraction in fiscal 2021 continued. The risk of intensifying competition continues to be identified. - FY2024RestatedAnnual report
「Industry-wide lease transaction volume for the cumulative period from April 2023 through March 2024 was ¥4,629.9 billion, up 7.4% from the previous fiscal year.」
Year-on-year growth in the leasing market continued for the full year, maintaining the improving trend from the period when market contraction had become evident in actual results. - FY2024-Q3RestatedAnnual report
「Industry-wide lease transaction volume for the cumulative period from April 2023 through December 2023 was ¥3,225.7 billion, up 8.5% year on year.」
The leasing market continues to grow year on year, maintaining its improving trend from the period when market contraction was reflected in actual results. However, the growth rate narrowed slightly from the previous quarter. - FY2024-Q2MitigatedAnnual report
「In the leasing industry in which our Group operates, industry-wide lease transaction volume for the cumulative period from April 2023 through September 2023 was ¥2,122.7 billion, up 9.7% year on year.」
The leasing market grew 9.7% year on year, continuing its trend of improvement from the period when market contraction was reflected in actual results. - FY2024-Q1MitigatedAnnual report
「In the leasing industry in which our Group operates, industry-wide lease transaction volume for the cumulative period through June 2023 was ¥1,008.9 billion, up 4.0% year on year.」
The leasing market grew 4.0% year on year, continuing its trend of improvement from the previous fiscal year, when market contraction was reflected in actual results. - FY2023MitigatedAnnual report
「In the leasing industry in which our Group operates, industry-wide lease transaction volume for the cumulative period from April 2022 through March 2023 was ¥4,310.6 billion, up 2.2% from the previous fiscal year.」
The leasing market returned to year-on-year growth for the full year, and the market contraction risk declined from the 13.9% decrease recorded in the previous full fiscal year. - FY2023-Q3MitigatedAnnual report
「In the leasing industry in which our Group operates, industry-wide lease transaction volume for the cumulative period from April 2022 through December 2022 was ¥2,973.9 billion, up 0.2% year on year.」
The leasing market returned to year-on-year growth, and the risk reflected in actual results from declining capital investment demand and market contraction decreased from the previous quarter. - FY2022-Q3WorsenedAnnual report
「In the leasing industry in which our Group operates, industry-wide lease transaction volume for the cumulative period through December 2021 was ¥2,967.8 billion, down 9.1% year on year.」
The decline in leasing market transaction volume widened to 9.1% year on year, and risks related to declining capital investment demand and market contraction continue. - FY2022-Q1ReframedAnnual report
「In the leasing industry in which our Group operates, industry-wide lease transaction volume for the cumulative period through June 2021 was ¥988.5 billion, down 7.0% year on year.」
Leasing market transaction volume declined year on year, and the market contraction risk related to capital investment demand and the competitive environment remains, although the decline narrowed from the 13.9% decrease recorded for the previous full fiscal year. - FY2021WorsenedAnnual report
「Industry-wide leasing transaction volume for the cumulative period from April 2020 through March 2021 was ¥4,591.0 billion, down 13.9% from the previous fiscal year.」
Full-year leasing market transaction volume fell 13.9% from the previous fiscal year, indicating that market risks related to declining capital investment demand and intensifying competition worsened in the full-year results. - FY2021-Q2WorsenedAnnual report
「In the leasing industry in which our Group operates, industry-wide lease transaction volume for the cumulative period through September 2020 was ¥2,161.3 billion, down 19.9% year on year and below the level of the same period a year earlier.」
Leasing market transaction volume fell 19.9% year on year, further demonstrating in actual results the market contraction associated with declining capital investment demand and the competitive environment. - FY2021-Q1WorsenedAnnual report
「Industry-wide lease transaction volume for the cumulative period through June 2020 was ¥1,062.5 billion, down 13.1% year on year and below the level of the same period a year earlier.」
Against a backdrop of risks related to capital investment demand and the competitive environment, total leasing industry transaction volume fell 13.1% year on year, demonstrating that market contraction is reflected in actual results. - FY2019ReframedAnnual report
「In the leasing industry in which our Group operates, industry-wide lease transaction volume for the cumulative period from April 2018 through March 2019 was ¥5,012.9 billion, up 2.8% from the previous fiscal year.」
Although the leasing market has returned to growth, concerns about intensifying competition and the industry's structural contraction to half its peak scale remain evident. - FY2018WorsenedAnnual report
「Although leasing transaction volume fell below ¥5 trillion in fiscal 2014 due to the consumption tax increase and other factors, it recovered to the ¥5 trillion level in fiscal 2015 and fiscal 2016. However, it fell below ¥5 trillion again in fiscal 2017. The leasing industry's overall scale remains roughly half its peak level, with no major change in this situation, as the traditional benefits of leasing have diminished due to changes in lease accounting and taxation. We believe it is unlikely that the industry will return to its former scale, when it played a role in supporting institutional infrastructure.」
Leasing transaction volume fell below ¥5 trillion again in fiscal 2017, and the industry has continued to operate at roughly half its peak scale. - FY2017First statedAnnual report
「Many companies continue to operate leasing businesses, while rate competition driven by unprecedented monetary easing has intensified, resulting in a highly competitive market.」
The risks are declining transaction volume due to lower customer demand for capital investment and intensifying rate competition against the backdrop of monetary easing.