Ricoh Leasing Company,ltd.TSE: 8566

Consolidated Financial Report for 2Q / Mar. 2025（258KB）

Nov 1, 2024 at 5:35 AM UTC · Issued by Ricoh Leasing Company,ltd.

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Six Months Ended September 30, 2024 (Based on Japanese GAAP)

				November 1, 2024
Company name:	RICOH LEASING COMPANY, LTD.
Stock exchange listing:	Tokyo
Stock code:	8566	URL https://www.r-lease.co.jp/
Representative:	President and Chief Executive Officer	Tokuharu Nakamura
Inquiries:	Managing Executive Officer and General	Hiroshi Osawa	TEL 050-1702-4203
Manager of Corporate Management Division
Scheduled date to file Semi-annual Securities Report:	November 12, 2024
Scheduled date to commence dividend payments:	December 2, 2024
Preparation of supplementary material on financial results:	Yes
Holding of financial results meeting:		Yes	(for institutional investors and analysts)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the six months ended September 30, 2024 (from April 1, 2024 to September 30, 2024)

(1) Consolidated operating results (cumulative)										Percentages indicate year-on-year changes
		Net sales			Operating profit	Ordinary profit		Profit attributable to
					owners of parent

	Millions of yen		%	Millions of yen		%	Millions of yen		%	Millions of yen		%
Six months ended September 30, 2024		153,742		(1.0)		11,402		(0.5)		11,626		(0.1)		8,275	54.0
Six months ended September 30, 2023		155,341		4.2		11,454		(5.8)		11,632		(6.1)		5,374	(36.6)
Note：Comprehensive income for the six months ended September 30, 2024： 8,012 Millions of yen	(0.7%)
for the six months ended September 30, 2023： 8,071 Millions of yen	26.1%

	Earnings per share		Diluted earnings per share
				Yen						Yen
Six months ended September 30, 2024				268.46						-
Six months ended September 30, 2023				174.37						-
(2) Consolidated financial position
	Total assets				Net assets		Equity ratio		Net assets per share
		Millions of yen			Millions of yen				%				Yen
As of September 30, 2024		1,337,497		227,664				17.0		7,385.84
As of March 31, 2024		1,247,276		221,936				17.8		7,199.98
Reference： Shareholders' equity
As of September 30, 2024： 227,664 Millions of yen	As of March 31, 2024： 221,936 Millions of yen
2. Cash dividends
							Annual dividends per share
	1st quarter-end	2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
		Yen				Yen			Yen				Yen		Yen
Year ended March 31, 2024			-			75.00				-			75.00		150.00
Year ending March 31, 2025			-			80.00
Year ending March 31, 2025 (Forecast)											-			95.00		175.00

Note：Correction to the forecast of cash dividends most recently announced： Yes

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)

Percentages indicate year-on-year changes

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings per share
			owners of parent

	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	315,000	2.2	21,100	0.4	21,200	(1.6)	14,700	30.3	476.89

Note：Correction to the forecast of financial results most recently announced： No 1

4. Notes
(1)	Significant changes in scope of consolidation during the six months ended September 30, 2024:	No
(2)	Application of special accounting methods for preparing semi-annual consolidated financial statements:	No
(3)	Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
	Changes in accounting policies due to revisions to accounting standards and other regulations:	Yes
	Changes in accounting policies due to other reasons:	No
	Changes in accounting estimates:	No
	Restatement of prior period financial statements:	No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2024	31,243,223	shares	As of March 31, 2024	31,243,223	shares
Number of treasury shares at the end of the period
As of September 30, 2024	418,732	shares	As of March 31, 2024	418,649	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2024	30,824,537	shares	Six months ended September 30, 2023	30,824,727	shares

Semi-annual consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2024	As of September 30, 2024
Assets
Current assets
Cash and deposits	4,956	3,635
Notes and accounts receivable - trade	233	225
Installment receivables	175,125	182,471
Lease payments receivable	24,335	22,848
Lease receivables and investments in leases	506,140	524,091
Accounts receivable - operating loans	260,176	274,089
Accounts receivable - other loans to customers	10,806	8,698
Other operating assets	12,259	11,038
Accounts receivable - lease	9,655	11,710
Other current assets	54,845	69,945
Allowance for doubtful accounts	(7,112)	(6,398)
Total current assets		1,051,425	1,102,356
Non-current assets
Property, plant and equipment
Assets for lease	89,456	128,536
Own-used assets	40,433	34,123
Total property, plant and equipment	129,890	162,660
Intangible assets
Assets for lease	34	25
Other intangible assets	9,564	10,552
Total intangible assets	9,598	10,577
Investments and other assets
Investment securities	35,129	36,780
Distressed receivables	5,939	5,753
Other	20,820	24,712
Allowance for doubtful accounts	(5,527)	(5,343)
Total investments and other assets	56,361	61,902
Total non-current assets	195,850	235,140
Total assets		1,247,276	1,337,497

			(Millions of yen)
		As of March 31, 2024	As of September 30, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade	21,567	19,203
Short-term borrowings	-	8,000
Current portion of bonds payable	50,000	15,000
Current portion of long-term borrowings	114,200	109,200
Current portion of long-term payables under securitization	11,434	10,047
of lease receivables

Commercial papers	25,000	87,000
Income taxes payable	2,411	5,021
Deferred profit on installment sales	24,354	25,687
Provision for bonuses	1,429	1,489
Provision for bonuses for directors (and other officers)	56	-
Other current liabilities	49,350	51,824
Total current liabilities	299,805	332,472
Non-current liabilities
Bonds payable	80,000	110,000
Long-term borrowings	612,300	647,300
Long-term payables under securitization of lease	9,583	4,945
receivables

Retirement benefit liability	614	614
Asset retirement obligations	1,455	1,574
Other noncurrent liabilities	12,580	12,925
Total non-current liabilities	725,534	777,359

Total liabilities	1,025,339	1,109,832
Net assets
Shareholders' equity
Share capital	7,896	7,896
Capital surplus	10,215	10,186
Retained earnings	201,540	207,503
Treasury shares	(1,674)	(1,617)

Total shareholders' equity	217,978	223,969
Accumulated other comprehensive income

Valuation difference on available-for-sale securities	3,470	3,194
Deferred gains or losses on hedges	538	572
Remeasurements of defined benefit plans	(50)	(71)

Total accumulated other comprehensive income	3,957	3,695

Total net assets	221,936	227,664

Total liabilities and net assets	1,247,276	1,337,497

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Millions of yen)

		Six months ended	Six months ended
		September 30, 2023	September 30, 2024
Net sales	155,341	153,742
Cost of sales	132,257	129,804

Gross profit	23,084	23,938

Selling, general and administrative expenses	11,630	12,535
Operating profit	11,454	11,402
Non-operating income

Interest income	45	70
Dividend income	165	205
Gain on investments in investment partnerships	148	134
Other	12	12
Total non-operating income	372	424
Non-operating expenses
Interest expenses	29	67
Bond issuance costs	118	126
Other	46	6
Total non-operating expenses	194	200
Ordinary profit	11,632	11,626
Extraordinary income
Gain on sale of investment securities	-	425

Total extraordinary income	-	425
Extraordinary losses

Loss on valuation of investment securities	3,782	-
Total extraordinary losses	3,782	-
Profit before income taxes	7,849	12,051
Income taxes - current	3,761	4,722
Income taxes - deferred	(1,287)	(946)

Total income taxes	2,474	3,776
Profit	5,374	8,275

Profit attributable to non-controlling interests	-	-

Profit attributable to owners of parent	5,374	8,275

Consolidated statements of comprehensive income (cumulative)

		(Millions of yen)
	Six months ended	Six months ended
	September 30, 2023	September 30, 2024
Profit	5,374	8,275
Other comprehensive income
Valuation difference on available-for-sale securities	2,763	(276)
Deferred gains or losses on hedges	(47)	34
Remeasurements of defined benefit plans, net of tax	(19)	(20)
Total other comprehensive income	2,696	(262)
Comprehensive income	8,071	8,012
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	8,071	8,012
Comprehensive income attributable to non-controlling	-	-
interests