■Future Outlook LeTech <3497> expects an increase in sales and ordinary income of more than 20%, with sales of 2.14 billion yen (+33.8% YoY), operating income of 150 million yen (+7.7% YoY), ordinary income of 100 million yen (+21.7% YoY), and net income of 1.03 billion yen (-11.4% YoY) for the July 2024 term, and has maintained its initial forecast (announced in September 2023).
Performance forecast for March 2025.
NEC Capital Solution <8793> plans to achieve 260,000 million yen (up 1.6% from the previous year), operating profit of 120,000 million yen (up 2.6% from the previous year), ordinary profit of 125,000 million yen (up 5.8% from the previous year) and net income for the current year attributable to shareholders of the parent company of 80,000 million yen (up 13.7% from the previous year) for the fiscal year ending in March 2025, against the backdrop of recovery in demand from the public and private sectors, planning to achieve both sales and profit through expanding revenue from finance and investment operations and continue sustainable growth in leasing operations. While the domestic economic situation is expected to recover further after the Corona disaster, the business environment surrounding the company, such as the high uncertainty of the world situation, trends in exchange rates and interest rates, and changes in the credit status of domestic companies, is still considered to require attention. In such circumstances, the company aims to achieve the plan by thoroughly implementing necessary risk management to suppress the increase in credit costs and conducting business activities that prioritize profitability.
In the core leasing business, the company plans to execute a large-scale project for government agencies that was awarded in partnership with NEC in the fiscal year ending March 2024. In the strategic collaboration with NEC, which is one of the strengths of the company, it is possible to integrate NEC's products and services with the company's financial solutions, which have the latest technology such as biometric authentication and AI, and provide an integrated solution. As a result, it is expected that large-scale project acquisition for government agencies and local governments will continue to be expected in the future. In addition, it is considered that with the change in the Bank of Japan's monetary policy, understanding of the rise in lease fees on the customer side will also advance, becoming a tailwind for achieving the plan. In the finance business, new initiatives such as LBO finance will continue to be promoted. Replacement from corporate sales loans to high-return assets through new financial products has been progressing, increasing opportunities for capital gain such as dividend income and share disposal profits. The company plans to accelerate its growth by utilizing the know-how of the investment business in the finance business, and we at our company believe that further improvement in profitability can be expected in the future. In the investment business, we will further expand revenue through investments in rental residences that can ensure stable income.
(Writer: FISCO analyst Tomoichi Murase)