Fuyo General Lease : Consolidated Financial Report for the First Six Months of the Fiscal Year Ending March 31, 2019 (Fiscal 2018) （282KB）

(Member of Financial Accounting

Standards Foundation)

Consolidated Financial Report for the First Six Months of the

Fiscal Year Ending March 31, 2019 (Fiscal 2018)

November 6, 2018

Company TickerFuyo General Lease Co., Ltd. 8424

Stock Exchange Listing First Section, Tokyo Head office Tokyo

(URLhttps://www.fgl.co.jp/) President & CEO

Inquiries, Person in Charge Date of issue of quarterly Securities Report

Yasunori Tsujita Soichi Hosoi

November 12, 2018 (planned)Managing Director Date of payout of dividend

Tel: [phone] December 4, 2018 (planned)Supplementary materials to quarterly results: Available Quarterly results presentation: Scheduled (aimed at analysts)

(Figures in millions are rounded down to the nearest million yen)

1. Consolidated Operating Results for the First Six Months of Fiscal 2018

(April 1, 2018 - September 30, 2018)

(1) Consolidated Operating Results

(Percentage figures represent year-on-year changes.)

Total Revenues		Operating Profit		Ordinary Profit		Profit Attributable to Owners of Parent
First six months of FY2018 First six months of FY2017	(¥ millions) 295,671 302,641	% (2.3) 23.5	(¥ millions) 18,193 17,511	% 3.9 23.0	(¥ millions) 19,619 18,836	% 4.2 20.3	(¥ millions) 12,685 11,705	% 8.4 14.0

Note: Comprehensive income

First six months of FY2018 ¥10,222 million

(24.3)%First six months of FY2017 ¥13,501 million

94.7%

Basic Earnings per ShareDiluted Earnings per ShareFirst six months of FY2018

First six months of FY2017

(¥) 419.54 387.59

(¥) 416.03 384.20

* The presentation has been changed from the first quarter ended June 30, 2018, and Total Revenues and Operating Profit for the first six months of FY2017 represent figures and year-on-year changes after the reclassification reflecting this change. For details, please see "1. Consolidated Financial Statements and Significant Notes Thereto, (3) Notes to the Consolidated Financial Statements (Additional Information) (Changes in Presentation)" on P.10 of Supplementary Materials.

(2) Consolidated Financial Position

Total Assets	Net Assets	Shareholders' Equity Ratio	Net Assets per Share
September 30, 2018 March 31, 2018	(¥ millions) 2,440,183 2,430,536	(¥ millions) 290,240 282,574	% 10.5 10.2	(¥) 8,462.64 8,242.50

Reference: Shareholders' Equity September 30, 2018 ¥255,927 million March 31, 2018 ¥249,112 million

* The Company has adopted the Partial Amendments to Accounting Standard for Tax Effect Accounting, etc. from the first quarter

ended June 30, 2018, and Total Assets as of March 31, 2018 represents a figure after the reclassification reflecting this change. For details, please see "1. Consolidated Financial Statements and Significant Notes Thereto, (3) Notes to the Consolidated Financial Statements (Additional Information)" on P.10 of Supplementary Materials.

2. Cash Dividends

Dividend per share
End of first quarter	End of second quarter	End of third quarter	Year-end	Full Year
FY 2017 FY 2018	(¥) － －	(¥) 68.00 78.00	(¥) －	(¥) 78.00	(¥) 146.00
FY 2018 (planned)	－	78.00	156.00

Note: No changes were made to the most recently announced cash dividends forecasts.

3. Forecast for Fiscal 2018 (April 1, 2018 - March 31, 2019)

(Percentage figures represent comparisons with fiscal 2017 full-year results)

Total Revenues		Operating Profit		Ordinary Profit		Profit Attributable to Owners of Parent		Basic Earnings per Share
Full Year	(¥ millions) 600,000	% 1.6	(¥ millions) 34,000	% 3.9	(¥ millions) 37,500	% 6.5	(¥ millions) 23,000	% 4.8	(¥) 761.01

Note: No changes were made to the most recently announced earnings forecasts.

* Because the presentation has been changed from the first quarter ended June 30, 2018, comparisons with fiscal 2017 full-year results for Total Revenues and Operating Profit were calculated by comparing with the figures for the year-ago period after the reclassification reflecting this change.

*Other Information

• (1) Changes to the consolidation status of major subsidiaries during the period: None

• (2) Accounting procedures specific to preparation of quarterly consolidated financial statements: Yes

• (3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections

  (ⅰ) Changes in accounting policies due to revisions to accounting standards: None (ⅱ) Changes in accounting policies due to other reasons: None

  (ⅲ) Changes in accounting estimates: None

  (ⅳ) Restatement of prior period financial statements after error corrections: None

• (4) Number of outstanding shares at period-end (common shares)

(ⅰ) Number of outstanding shares at period-end (including treasury stock)

September 30, 2018 30,287,810 shares March 31, 2018 30,287,810 shares

(ⅱ) Number of shares of treasury stock

(ⅲ) Average number of shares during the period (first six months)

September 30, 2018 45,809 shares	March 31, 2018	64,939 shares
September 30, 2018 30,236,361 shares	September 30, 2017	30,201,841 shares

*Quarterly financial results are exempt from the quarterly review by certified public accountants or an audit corporation.

*Appropriate Use of Earnings Forecast and Other Important Information

(Caution Concerning Forward-Looking Statements)

Earnings forecasts and other forward-looking statements in this report are based on certain assumptions that are deemed reasonable and information available to the Company at the time of this report's preparation. Therefore the Company does not guarantee the achievement of any projections. Actual results may differ significantly from these forecasts for a number of reasons.

(Method of Obtaining Supplementary Explanation Materials)

The materials are disclosed on the Timely Disclosure network (TDnet) on the same day as the date of this report.

Supplementary Materials - Contents

1. Consolidated Financial Statements and Significant Notes Thereto	………………………	P.4
(1) Consolidated Balance Sheets	………………………	P.4
(2) Consolidated Statements of Income and Statements of Comprehensive Income	………………………	P.8
Consolidated Statements of Income	………………………	P.8
For the six months ended September 30, 2018
Consolidated Statements of Comprehensive Income	………………………	P.9
For the six months ended September 30, 2018
(3) Notes to the Consolidated Financial Statements	………………………	P.10
Note on the Going-concern Assumption	………………………	P.10
Note on Significant Changes in Shareholders' Equity	………………………	P.10
Accounting Procedures Specific to Preparation of Quarterly Consolidated	………………………	P.10
Financial Statements
Additional Information	………………………	P.11
2. Newly Executed Contracts, Operating Assets	………………………	P.12
(1) Executed Contracts Volume	………………………	P.12
(2) Operating Assets	………………………	P.12

1. Consolidated Financial Statements and Significant Notes Thereto (1) Consolidated Balance Sheets

(¥ millions)As of March 31, 2018

As of September 30, 2018

Assets

Current assets Cash and deposits

Installment sales trade receivables Lease receivables and investment assets Accounts receivable - operating loans Accounts receivable - other loans to customers Operational investment securities

Other operating assets

Lease and other trade receivables Short-term investment securities Other

Allowance for doubtful receivables Total current assets

Fixed assets

Tangible fixed assets Leased assets Leased assets

Advances on purchases of property and equipment for lease

Total leased assets

Other operating assets Own-used assets

Total tangible fixed assets Intangible fixed assets Software leased to customers Other intangible fixed assets

Goodwill

Other

Total other intangible fixed assets Total intangible fixed assets

54,822 96,182

116,697 104,907

1,098,722

1,049,654

296,405 295,639

84,149 86,270

177,881 188,889

7,626 7,539

16,759 18,285

15 27,574 (2,806) 1,877,848

－ 38,602 (2,706) 1,883,265

375,312 371,025

3,504 7,750

378,816

378,776

19,671 25,719

1,885 4,996

400,373

409,491

373 325

6,226 6,035

4,201 4,204

10,427 10,801

10,239 10,564

(¥ millions)As of March 31, 2018

Investments and other assets Investment in securities

Claims provable in bankruptcy, claims provable in rehabilitation and other

Net defined benefit asset Deferred tax assets Other

Allowance for doubtful receivables Total investments and other assets Total fixed assets

Deferred assets

Deferred organization expenses Business commencement expenses Total deferred assets

Total assets

90,454 87,372

1,022 741

53 27

3,149 2,691

46,451 45,395

(445) 140,686 551,861

As of September 30, 2018

(351) 135,876 555,933

0 0

825 983

826 2,430,536

983 2,440,183