Fuyo Sogo Lease KK

Latest Results (06.01.2025):

Profit Before Interest Expenses

In the first half of FY2024, Fuyo Sogo Lease KK reported a significant increase in profit before interest expenses, reaching ¥730 million, which represents a 17.5% year-on-year growth. This growth was primarily driven by the expansion in business domains identified as growth drivers, such as aircraft and mobility & logistics.

Ordinary Profit

Fuyo Sogo Lease KK achieved a record-high ordinary profit for the eighth consecutive period in the first half of FY2024, amounting to ¥343 million. This marks a 3.5% increase compared to the same period in the previous year, indicating smooth progress towards achieving the full-year forecast.

Net Profit

Despite the overall positive financial performance, Fuyo Sogo Lease KK experienced a slight decrease in net profit for the first half of FY2024, recording ¥228 million, which is a 0.8% decline from the previous year. This was attributed to increased personnel and equipment expenses as the company expanded its investment in human capital.

Operating Assets

During the first half of FY2024, Fuyo Sogo Lease KK successfully expanded its operating assets, which reached ¥29,829 million, reflecting a 3.7% increase year-on-year. This growth was mainly driven by the accumulation of assets in business domains positioned as growth drivers, particularly in the aircraft sector.

Earnings and Dividend Forecast

For FY2024, Fuyo Sogo Lease KK forecasts an operating profit of ¥600 million and an ordinary profit of ¥660 million. The company also projects a profit attributable to owners of the parent to be ¥450 million, with a dividend per share forecasted at ¥450, maintaining a dividend payout ratio of 30.1%.