Fuyo General Lease Co.,Ltd. [8424.T]
TOKYO, May 12 (Pulse News Wire) – Fuyo General Lease CO.,LTD. (8424.T) reported lower profits for the fiscal year ended March 2026 due to significant losses related to renewable energy projects overseas.
Despite these losses, adjusted earnings before the impact showed growth driven by expanded operations. Operating profit was ¥405 billion, down from ¥648 billion last year, while ordinary profit was ¥382 billion from ¥690 billion. Net profit attributable to shareholders dropped to ¥216 billion from ¥453 billion. The company's revenue decreased to ¥1,292 billion compared to ¥1,489 billion in the previous fiscal year.
Adjusted operating income excluding renewable energy losses remained stable at ¥716 billion. Capital expenses increased significantly due to higher domestic interest rates, contributing to the overall decline in profitability. Looking ahead, Fuyo General Lease expects improved performance in the next fiscal year, projecting operating profit of ¥700 billion, ordinary profit of ¥750 billion, and net profit of ¥480 billion. The company also maintained its dividend policy, forecasting a ¥532.14 per share payout for the upcoming fiscal year, up from ¥239.13 per share previously.
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