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 FY ending Mar 2026 results

About 94% of Fuyo General Lease's sales come from Lease and Installment Sales, with Finance making up much of the rest.

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%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +16.3% · profit -37.4%, calculated from disclosed figures.

Operating leverage: -2.30× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+16.3%¥678.4B → ¥788.7B
Gross profit
-13.7%¥119.6B → ¥103.2B
Operating income
-37.4%¥64.8B → ¥40.5B
Net income attributable to owners
-52.4%¥45.3B → ¥21.6B
Operating cash flow
Loss-¥136.4B → -¥164.9B

Results at a glance

  • Revenue for the FY ending Mar 2026 grew 16.3%, from ¥678.4B to ¥788.7B.
  • Profits moved the other way: gross profit fell 13.7% to ¥103.2B, operating income fell 37.4% to ¥40.5B, and net income attributable to owners dropped 52.4% to ¥21.6B.
  • Operating cash flow was -¥164.9B, after -¥136.4B the year before. For a leasing company this is normal: buying lease assets and making new loans count as operating outflows.

What drove the change

  • A borrower that funds renewable energy projects in Europe ran into trouble when some projects in Spain stalled for lack of money. The company booked a loss on those receivables, hitting the Finance segment hardest.
  • In Lease and Installment Sales, growth in mobility and logistics leasing plus gains on selling leased real estate lifted revenue.
  • Rising interest rates in Japan pushed up funding costs, and continued investment in people raised personnel and other expenses.

Things to watch

  • If customers' credit weakens, lease payments may become hard to collect and new bad debts could appear.
  • Swings in interest rates and exchange rates, or a credit rating downgrade, could make borrowing more expensive.
  • In renewable energy development financing, a project that never reaches commercial operation can force write-downs or extra funding.

Annual securities report / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

Where ¥100 of sales goes

For every ¥100 Fuyo General Lease sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥87
SG&A
¥8
Operating profit
¥5
Net profit kept
¥3

Annual margin trends

Gross margin13.1%
FY ending Mar 2021: 11.2%11.2%FY ending Mar 2022: 13.5%13.5%FY ending Mar 2023: 14.1%14.1%FY ending Mar 2024: 15.5%15.5%FY ending Mar 2025: 17.6%17.6%FY ending Mar 2026: 13.1%13.1%FY21FY22FY23FY24FY25FY26
Operating margin5.1%
FY ending Mar 2021: 6.0%6.0%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%FY21FY22FY23FY24FY25FY26
Net margin2.7%
FY ending Mar 2021: 4.0%4.0%FY ending Mar 2022: 5.2%5.2%FY ending Mar 2023: 5.7%5.7%FY ending Mar 2024: 6.7%6.7%FY ending Mar 2025: 6.7%6.7%FY ending Mar 2026: 2.7%2.7%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

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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