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Fuyo General LeaseFuyo General Lease Co., Ltd.8424東証プライムその他金融業FY ending Mar 2026, consolidated, J-GAAP

Fuyo General Lease revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +16.3% from the prior year, operating profit -37.4%.

Five-year trend

Revenue¥788.7B
FY ending Mar 2022: ¥657.8B¥657.8BFY ending Mar 2023: ¥688.7B¥688.7BFY ending Mar 2024: ¥708.5B¥708.5BFY ending Mar 2025: ¥678.4B¥678.4BFY ending Mar 2026: ¥788.7B¥788.7BFY22FY23FY24FY25FY26
Operating income¥40.5B
FY ending Mar 2022: ¥46B¥46BFY ending Mar 2023: ¥51.6B¥51.6BFY ending Mar 2024: ¥60B¥60BFY ending Mar 2025: ¥64.8B¥64.8BFY ending Mar 2026: ¥40.5B¥40.5BFY22FY23FY24FY25FY26
Operating margin5.1%
FY ending Mar 2022: 7.0%7.0%FY ending Mar 2023: 7.5%7.5%FY ending Mar 2024: 8.5%8.5%FY ending Mar 2025: 9.5%9.5%FY ending Mar 2026: 5.1%5.1%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin2.7%
Asset turnover0.21×
ROA0.6%
ROA0.6%
Financial leverage9.58×
ROE5.6%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin2.7%
2022: 5.2%5.2%2023: 5.7%5.7%2024: 6.7%6.7%2025: 6.7%6.7%2026: 2.7%2.7%2223242526
Asset turnover0.21×
2022: 0.22×0.22×2023: 0.23×0.23×2024: 0.22×0.22×2025: 0.19×0.19×2026: 0.21×0.21×2223242526
ROA0.6%
2022: 1.1%1.1%2023: 1.3%1.3%2024: 1.4%1.4%2025: 1.3%1.3%2026: 0.6%0.6%2223242526
Financial leverage9.58×
2022: 10.08×10.08×2023: 10.00×10.00×2024: 9.76×9.76×2025: 9.46×9.46×2026: 9.58×9.58×2223242526
ROE5.6%
2022: 11.6%11.6%2023: 12.8%12.8%2024: 14.1%14.1%2025: 12.3%12.3%2026: 5.6%5.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.2%0.22×1.1%10.08×11.6%
20235.7%0.23×1.3%10.00×12.8%
20246.7%0.22×1.4%9.76×14.1%
20256.7%0.19×1.3%9.46×12.3%
20262.7%0.21×0.6%9.58×5.6%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue142.1%
2021: 91.5%91.5%2022: 110.5%110.5%2023: 122.3%122.3%2024: 138.1%138.1%2025: 160.4%160.4%2026: 142.1%142.1%212223242526
PPE ÷ total assets29.2%
2021: 22.7%22.7%2022: 24.6%24.6%2023: 26.7%26.7%2024: 28.9%28.9%2025: 30.4%30.4%2026: 29.2%29.2%212223242526
Goodwill ÷ parent equity9.4%
2021: 7.8%7.8%2022: 7.3%7.3%2023: 8.1%8.1%2024: 6.6%6.6%2025: 10.2%10.2%2026: 9.4%9.4%212223242526
Goodwill balance¥36.9B
2021: ¥20.7B¥20.7B2022: ¥21.2B¥21.2B2023: ¥25.7B¥25.7B2024: ¥23.3B¥23.3B2025: ¥39.2B¥39.2B2026: ¥36.9B¥36.9B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

Payable days25d
2021: 18d18d2022: 23d23d2023: 21d21d2024: 22d22d2025: 24d24d2026: 25d25d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue657,847688,655708,538678,395788,669
Cost of revenue568,988591,338598,967558,764685,445
Gross profit88,85897,316109,570119,630103,223
SG&A42,82445,75549,52454,87062,680
Operating income46,03451,56160,04664,76040,542
Pretax income52,59558,02966,84868,86339,970
Income tax16,11917,15217,18221,33515,120
Net income attributable to owners33,88638,93947,21945,27721,565
Operating margin7.0%7.5%8.5%9.5%5.1%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

2%
Property, plant and equipment 29%
3%
5%
Other assets 61%

Funding

1%
Interest-bearing debt 54%
Other liabilities 30%
Equity 15%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥72B¥121.2B¥140.7B¥66.6B¥79.9B
Total assets¥2.95T¥3.15T¥3.39T¥3.58T¥3.84T
Net assets¥374.2B¥410.2B¥477.3B¥538.1B¥568.3B
Share capital¥10.5B¥10.5B¥10.5B¥10.5B¥10.5B
Property, plant and equipment¥727B¥842.1B¥978.6B¥1.09T¥1.12T
Intangible assets excluding goodwill¥30.8B¥41.1B¥37.6B¥73.5B¥69.5B
Goodwill¥21.2B¥25.7B¥23.3B¥39.2B¥36.9B
Investment securities¥120.3B¥125.3B¥158.2B¥155.7B¥193B
Current assets¥2.02T¥2.1T¥2.17T¥2.22T¥2.41T
Current liabilities¥1.45T¥1.48T¥1.42T¥1.48T¥1.65T
Trade payables¥35.4B¥33.9B¥36.5B¥36.5B¥46.5B
Short-term borrowings¥568.6B¥584.8B¥558.1B¥608.3B¥598.4B
Long-term borrowings¥779.5B¥829.6B¥976.1B¥1.03T¥1.07T
Bonds¥227.1B¥316.4B¥393.5B¥407.5B¥414.3B
Interest-bearing debt¥1.58Tderived¥1.73Tderived¥1.93Tderived¥2.05Tderived¥2.08Tderived
Total liabilities¥2.58T¥2.74T¥2.91T¥3.04T¥3.28T
Non-controlling interests¥40.8B¥43B¥45.4B¥62.5B¥65.3B
Equity attributable to owners of parent¥292.7B¥317.1B¥353.2B¥384B¥391.3B
Retained earnings¥277.4B¥306.8B¥342.3B¥373.3B¥380.7B
Treasury stock-¥2.46B-¥2.07B-¥1.53B-¥1.71B-¥1.84B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第57期(2025/04/01－2026/03/31)

    ID S100YF6A2026-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第56期(2024/04/01－2025/03/31)

    ID S100W1AT2025-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第55期(2023/04/01－2024/03/31)

    ID S100TQ742024-06-25Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第54期(2022/04/01－2023/03/31)

    ID S100SK6L2024-01-09Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第53期(2021/04/01－2022/03/31)

    ID S100QGDB2023-03-27Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第52期(令和2年4月1日－令和3年3月31日)

    ID S100M6B12021-08-16Open

Extracted from XBRL: 54 / Derived from other figures: 1

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