Fuyo General Lease <8424> announced consolidated financial results for the 2nd quarter (24/4/9) of the fiscal year ending 2025/3 on the 8th. Sales decreased 5.3% from the same period last year to 331.984 billion yen, operating profit increased 16.6% to 32.315 billion yen, ordinary profit increased 3.5% to 34.285 billion yen, and interim net profit attributable to parent company shareholders decreased 0.8% to 22.812 billion yen.
Lease and installment sales decreased 7.7% from the same period last year to 285.181 billion yen, and segment profit increased 10.4% to 22.387 billion yen. Contract execution volume decreased 6.1% from the same period last year to 264.88 billion yen, and operating asset balances increased 2.8% from the end of the previous consolidated fiscal year to 1 trillion897.193 billion yen.
Finance sales increased 22.5% to 17.799 billion yen, and segment profit increased 16.7% to 11.326 billion yen. Contract execution volume was 576.994 billion yen, up 6.7% from the same period last year, and operating asset balances increased 5.8% from the end of the previous consolidated fiscal year to 1 trillion 51.817 billion yen.
Other sales increased 8.0% to 29.003 billion yen, and segment profit increased 22.3% to 6.089 billion yen. Contract execution volume decreased 98.5% from the same period to 0.172 billion yen, and operating asset balances decreased 12.7% from the end of the previous fiscal year to 33.868 billion yen.
As for the consolidated earnings forecast for the full year ending 2025/3, the initial plan has been left unchanged, with operating income falling 0.1% from the previous fiscal year to 60 billion yen, ordinary income falling 3.4% to 66 billion yen, and net income attributable to parent company shareholders falling 4.7% to 45 billion yen.