Ricoh Leasing Company (8566) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, rose 11.2% year-over-year to ¥170.8 billion, driven by expansion of operating assets and higher asset yields, but operating profit declined 2.6% to ¥11.1 billion and ordinary profit decreased 2.0% to ¥11.3 billion due to increased selling, general, and administrative expenses and higher financial expenses.

• Profit attributable to owners of parent dropped 24.4% year-over-year to ¥6.2 billion, impacted by impairment losses including goodwill related to Welfare Suzuran, though comprehensive income rose 27.7% to ¥10.2 billion.

• Results exceeded plan and the full-year income forecast remains unchanged.

Financial highlights

• Gross profit increased 6.5% year-over-year to ¥25.5 billion, while selling, general and administrative expenses rose to ¥14.4 billion.

• Earnings per share for the period were ¥203.00, down from ¥268.46 in the prior year.

• Net assets increased to ¥241.4 billion as of September 30, 2025, with total assets at ¥1,429.1 billion.

• Equity ratio stood at 16.9%, slightly down from 17.0% as of March 31, 2025.

• Dividend per share for the year forecast at ¥185, marking 31 consecutive years of increases.

Outlook and guidance

• Full-year net sales forecast at ¥320.0 billion (+2.5% YoY), operating profit projected at ¥19.0 billion (down 12.6%), and profit attributable to owners of parent at ¥13.2 billion (down 15.7%), with no change from initial guidance.

• Full-year earnings per share forecast is ¥428.23.

• Operating assets expected to grow by ¥78.2 billion to ¥1,300.0 billion by year-end.

• Dividend payout ratio targeted at 43.2% for FY2026, aiming for 50% by FY2029.