Mitsubishi HC Capital (8593) Q2 2026 earnings summary

Executive summary

• Net income for 2Q FY2025 rose 43.9% year-over-year to ¥88.7bn, driven by large asset sales in Real Estate, lower credit costs, and fiscal period changes in Aviation and Logistics subsidiaries.

• Revenues increased 5.4% YoY to ¥1,127.4bn, with operating income up 27.1% to ¥129.9bn and recurring income up 18.8% to ¥123.9bn.

• Interim dividend increased by ¥2 to ¥22 per share, in line with forecasts.

• Major initiatives included new climate action partnerships, digital and IoT service launches, and significant progress on greenhouse gas reduction targets.

• Total segment assets grew 1.2% from end-FY2024, mainly in Aviation and Global Customer Business.

Financial highlights

• Gross profit rose 6.5% YoY to ¥261.3bn; EPS increased to ¥61.85 from ¥43.02.

• Total assets grew to ¥11,937.3bn, up ¥174.9bn from March 31, 2025; net assets increased to ¥1,846.2bn.

• Interest-bearing debt (excluding lease obligations) increased by ¥191.1bn to ¥9,031.9bn.

• Credit costs fell 57.5% YoY to ¥13.0bn, mainly due to absence of large costs in Environment & Energy and lower costs in Americas.

• Comprehensive income for the period was ¥70.6bn, up from ¥66.6bn a year earlier.

Outlook and guidance

• Full-year net income forecast unchanged at ¥160.0bn, with 2Q progress at 55.5%.

• Customer Solutions and Global Customer Business expected to achieve full-year targets, supported by seasonality and business growth in Europe and Americas.

• Dividend forecast for FY2026 is ¥45.00 per share, up from ¥40.00 in FY2025.