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 Nine Months Ended December 31, 2024 (Based on Japanese GAAP)
February 5, 2025
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 | |
Managing Executive Officer and General |
Inquiries: | Manager of Corporate Management Division |
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results: Holding of quarterly financial results meeting:
Tokuharu Nakamura
Hiroshi Osawa | TEL 050-1702-4203 |
－
Yes
No
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2024 (from April 1, 2024 to December 31, 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 | % | ||||||||||||||||||||
Nine months ended December 31, 2024 | 230,063 | (2.1) | 17,132 | 0.7 | 17,418 | 0.7 | 12,404 | 49.9 | |||||||||||||||||||
Nine months ended December 31, 2023 | 234,998 | 4.6 | 17,015 | (3.4) | 17,292 | (3.5) | 8,272 | (33.0) | |||||||||||||||||||
Note：Comprehensive income for the nine months ended December 31, 2024： 13,934 Millions of yen 29.2% | |||||||||||||||||||||||||||
for the nine months ended December 31, 2023： 10,786 Millions of yen | (8.7%) | ||||||||||||||||||||||||||
Earnings per share | Diluted earnings per share | ||||||||||||||||||||||||||
Yen | Yen | ||||||||||||||||||||||||||
Nine months ended December 31, 2024 | 402.43 | - | |||||||||||||||||||||||||
Nine months ended December 31, 2023 | 268.39 | - | |||||||||||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||||||||||||
As of December 31, 2024 | 1,361,631 | 231,133 | 17.0 | 7,498.39 | |||||||||||||||||||||||
As of March 31, 2024 | 1,247,276 | 221,936 | 17.8 | 7,199.98 | |||||||||||||||||||||||
Reference： Shareholders' equity | |||||||||||||||||||||||||||
As of December 31, 2024： 231,133 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： No | |||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||
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4. Notes | ||
(1) | Significant changes in scope of consolidation during the nine months ended December 31, 2024: | No |
(2) | Application of special accounting methods for preparing quarterly 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 December 31, 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 December 31, 2024 | 418,762 | shares | As of March 31, 2024 | 418,649 shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | |||||
Nine months ended December 31, 2024 | 30,824,520 | shares | Nine months ended December 31, 2023 | 30,824,709 | shares |
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Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2024 | As of December 31, 2024 | ||
Assets | |||
Current assets | |||
Cash and deposits | 4,956 | 10,047 | |
Notes and accounts receivable - trade | 233 | 227 | |
Installment receivables | 175,125 | 184,219 | |
Lease payments receivable | 24,335 | 21,855 | |
Lease receivables and investments in leases | 506,140 | 529,566 | |
Accounts receivable - operating loans | 260,176 | 275,188 | |
Accounts receivable - other loans to customers | 10,806 | 8,657 | |
Other operating assets | 12,259 | 10,452 | |
Accounts receivable - lease | 9,655 | 10,706 | |
Other current assets | 54,845 | 64,891 | |
Allowance for doubtful accounts | (7,112) | (6,337) | |
Total current assets | 1,051,425 | 1,109,475 | |
Non-current assets | |||
Property, plant and equipment | |||
Assets for lease | 89,456 | 141,003 | |
Own-used assets | 40,433 | 35,001 | |
Total property, plant and equipment | 129,890 | 176,004 | |
Intangible assets | |||
Assets for lease | 34 | 23 | |
Other intangible assets | 9,564 | 11,509 | |
Total intangible assets | 9,598 | 11,532 | |
Investments and other assets | |||
Investment securities | 35,129 | 40,781 | |
Distressed receivables | 5,939 | 5,748 | |
Other | 20,820 | 23,428 | |
Allowance for doubtful accounts | (5,527) | (5,338) | |
Total investments and other assets | 56,361 | 64,619 | |
Total non-current assets | 195,850 | 252,156 | |
Total assets | 1,247,276 | 1,361,631 |
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(Millions of yen) | |||
As of March 31, 2024 | As of December 31, 2024 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 21,567 | 12,606 | |
Short-term borrowings | - | 15,500 | |
Current portion of bonds payable | 50,000 | 5,000 | |
Current portion of long-term borrowings | 114,200 | 102,000 | |
Current portion of long-term payables under securitization | 11,434 | 9,258 | |
of lease receivables | |||
Commercial papers | 25,000 | 82,000 | |
Income taxes payable | 2,411 | 2,101 | |
Deferred profit on installment sales | 24,354 | 25,711 | |
Provision for bonuses | 1,429 | 832 | |
Provision for bonuses for directors (and other officers) | 56 | - | |
Other current liabilities | 49,350 | 55,312 | |
Total current liabilities | 299,805 | 310,323 | |
Non-current liabilities | |||
Bonds payable | 80,000 | 140,000 | |
Long-term borrowings | 621,300 | 662,000 | |
Long-term payables under securitization of lease | 9,583 | 2,938 | |
receivables | |||
Retirement benefit liability | 614 | 613 | |
Asset retirement obligations | 1,455 | 1,611 | |
Other noncurrent liabilities | 12,580 | 13,011 | |
Total non-current liabilities | 725,534 | 820,174 | |
Total liabilities | 1,025,339 | 1,130,498 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 7,896 | 7,896 | |
Capital surplus | 10,215 | 10,359 | |
Retained earnings | 201,540 | 209,167 | |
Treasury shares | (1,674) | (1,777) | |
Total shareholders' equity | 217,978 | 225,646 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 3,470 | 4,992 | |
Deferred gains or losses on hedges | 538 | 578 | |
Remeasurements of defined benefit plans | (50) | (84) | |
Total accumulated other comprehensive income | 3,957 | 5,487 | |
Total net assets | 221,936 | 231,133 | |
Total liabilities and net assets | 1,247,276 | 1,361,631 |
4
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | |||
Nine months ended | Nine months ended | ||
December 31, 2023 | December 31, 2024 | ||
Net sales | 234,998 | 230,063 | |
Cost of sales | 200,477 | 193,918 | |
Gross profit | 34,520 | 36,144 | |
Selling, general and administrative expenses | 17,504 | 19,012 | |
Operating profit | 17,015 | 17,132 | |
Non-operating income | |||
Interest income | 68 | 141 | |
Dividend income | 293 | 356 | |
Gain on investments in investment partnerships | 148 | 135 | |
Other | 21 | 22 | |
Total non-operating income | 531 | 656 | |
Non-operating expenses | |||
Interest expenses | 46 | 116 | |
Bond issuance costs | 160 | 236 | |
Other | 47 | 16 | |
Total non-operating expenses | 254 | 369 | |
Ordinary profit | 17,292 | 17,418 | |
Extraordinary income | |||
Gain on sale of investment securities | - | 425 | |
Total extraordinary income | - | 425 | |
Extraordinary losses | |||
Loss on valuation of investment securities | 5,248 | - | |
Total extraordinary losses | 5,248 | - | |
Profit before income taxes | 12,044 | 17,843 | |
Income taxes - current | 5,718 | 4,852 | |
Income taxes - deferred | (1,946) | 586 | |
Total income taxes | 3,771 | 5,439 | |
Profit | 8,272 | 12,404 | |
Profit attributable to non-controlling interests | - | - | |
Profit attributable to owners of parent | 8,272 | 12,404 |
5
Consolidated statements of comprehensive income (cumulative)
(Millions of yen) | ||
Nine months ended | Nine months ended | |
December 31, 2023 | December 31, 2024 | |
Profit | 8,272 | 12,404 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,772 | 1,522 |
Deferred gains or losses on hedges | (230) | 40 |
Remeasurements of defined benefit plans, net of tax | (29) | (33) |
Total other comprehensive income | 2,513 | 1,529 |
Comprehensive income | 10,786 | 13,934 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 10,786 | 13,934 |
Comprehensive income attributable to non-controlling | - | - |
interests | ||
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