Fuyo General Lease : Summary of Financial Results for the 1st Three Months of FY2022
July 29, 2022 at 01:14 am EDT
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Summary of Financial Results for the 1st Three Months of FY2022
Fuyo General Lease Co., Ltd. Securities code: 8424
July 29, 2022
１．Overview of consolidated operating results and business activities
２．Earnings forecast and dividend forecast
３．Appendix
P3
P8
P10
Earnings forecasts and other forward-looking statements provided in this material are based on the information currently available to the Company and are subject to risks and uncertainties.
Actual results may differ materially from the forecasts presented herein.
2
Overview of consolidated operating results
and business activities
3
Overview of consolidated operating results and business activities
1 Fiscal 2022 Q1 consolidated operating results
As a result of continuous expansion of business domains, profit at each level reached a record high in Q1. Ordinary profit, which continued to increase, has been achieved record high for six consecutive Q1 periods since FY2017, delivering on the management goal in the Medium-term Management Plan.
In addition to the growth in profit before interest expenses, an improvement in credit-related costs and an increase in share of profit of entities accounted for using equity method contributed to the increase in profit.
Operating assets remained at the same level as the end of the previous quarter, partly due to the successful exit of a large real estate lease.
(¥100 million)
Q1
Q1
YoY
YoY
change
change
FY2021
FY2022
(amount)
(%)
Profit before interest
239
246
6
2.7%
expenses＊1
Gross profit
215
222
7
3.4%
Operating profit
110
114
4
3.7%
Ordinary profit
122
130
8
6.6%
Profit ＊2
80
82
2
2.8%
3.0%
Basic earnings per share
266.37円
274.30円
7.93円
＊1 Gross profit before deducting interest expenses
＊2 Profit attributable to owners of parent
Newly executed contract
3,381
3,688
volume
Operating assets
25,659
＊3
25,505
307 9.1%
＊3 As of March 31, 2022
-154-0.6%
Copyright(C) Fuyo General Lease Co., Ltd. All Rights Reserved
4
Overview of consolidated operating results and business activities
Profit before interest expenses
Increase in "Lease" and "Other (BPO/ICT, etc.)"
Decrease in "Financing" due to the absence of gain on sales recorded in the previous fiscal period, etc.
Profit before interest expenses
(¥100 million)
239
246
224
49
198
45
183
43
30
34
56
49
49
32
3
32
4
4
4
5
117
127
129
134
145
Ordinary profit and profit
Both ordinary profit and profit reached record highs
Steady progress towards the full-year earnings forecasts
Ordinary profit and profit
(¥100 million)
(Profit: "Profit attributable to owners of parent")
122
130
99
99
102
80
82
65
62
62
Q1
Q1
Q1
Q1
Q1
Q1
Q1
Q1
Q1
Q1
FY2018
FY2019
FY2020
FY2021
FY2022
FY2018
FY2019
FY2020
FY2021
FY2022
Lease
Installment sales
Financing
Other（BPO,etc.)
Ordinary profit
profit
Copyright(C) Fuyo General Lease Co., Ltd. All Rights Reserved
5
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Fuyo General Lease Co. Ltd. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 05:13:05 UTC.
Fuyo General Lease Co Ltd is engaged in the financial transactions such as leasing of machinery and equipment, real estate leasing, installment sales transactions and monetary lending. The Company operates in three business segments. The Leasing & Installment segment includes leasing of information-related equipment & office equipment, industrial machine tools (including property sales associated with the expiration & cancellation of lease transactions), the leasing of real estate, as well as the installment sale of commercial equipment, production equipment, hospital equipment. The Finance segment is involved in the money lending, the operation of securities owned to obtain financial income for business purposes, and the establishing of the silent partnership. Others segment includes environment and energy-related, fees and business process outsourcing (BPO) services (new areas).
FUYO GENERAL LEASE CO., LTD. 
