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Furong Lease Research Memo (7): Aiming for Sustainable Growth through Simultaneous Achievement of "Solving Social Issues" and "Economic Value" (1)
Fuyo Comprehensive Lease's growth global strategy: 1. Direction of mid-term management plan Since the fiscal year March 2023, the mid-term management plan (5 years) has started and is entering its third year. Based on the progress and environmental recognition so far, there is no change in the direction and numerical targets of the global strategy. The vision is 'Fuyo Shared Value 2026' aiming for sustainable growth through 'solving social issues' and 'economic value' achieved through dialogue with people's growth. This is the management target.
Furong Lease Research Memo (6): Special factors will cause a decline in profits for the March 2025 period, but there is expected growth based on actual performance.
Financial estimate for March 2025 period: Furong Comprehensive Lease 「8424」 is expected to see a decline in profits, where operating profit decreases by 0.1% to 60 billion yen compared to the previous period, ordinary profit decreases by 3.4% to 66 billion yen, and net income attributable to parent company shareholders decreases by 4.7% to 45 billion yen, due to the reduction in special factors from the previous year. However, looking at ordinary profit (actual value basis) excluding special factors, an increase trend of 2.5% is expected to continue. In addition, over the next three years…
Furong Lease Research Memo (9): Financial estimates predict a dividend of 450 yen per share, an increase of 10 yen from the previous period for the fiscal year ending in March 2025.
Fuyo General Lease (8424) aims to strengthen its management foundation and financial standing by taking into consideration its performance and targeted management indicators and policies for returning profits to shareholders through the enrichment of its shareholder capital and the continuation of long-term and stable dividends. It has continued to increase dividends since its listing in 2004, supported by favorable performance. For the year ending March 2024, the expected annual dividend amount has been revised up by 50 yen from the initial estimate and the increase from the previous year is 97 yen.
Furong Lease Research Memo (3): Operating profit for the fiscal year ending March 2024 set a new record for the seventh consecutive period (1).
■ Financial Trends 1. Key points to look at performance: The revenue of Furong Leasing <8424> is composed of leasing income that accounts for more than 80% of the total revenue, as well as income from installment sales, interest received from finance and non-asset income (such as various fee income). Revenue (excluding non-asset income) basically increases or decreases with the "Operating asset balance", so it is necessary to increase the "Contract execution amount" and accumulate "Operating assets" to expand revenue. However,
Furong Leasing Research Memo (2): A comprehensive leasing company with strengths in real estate, energy and environment, etc.
Company Overview: 1. Business Overview The business segments of Furong Comprehensive Leasing (8424) are divided into three categories: 'Lease and Installment Sales,' 'Finance,' and 'Others.' 'Lease and Installment Sales' are further subdivided into 'Lease' and 'Installment Sales' for disclosure. The main 'Lease' accounts for 57.7% of net income※ and 62.4% of the remaining balance of operating assets (as of the fiscal year ending March 2024). In addition, growth drivers in the future include 'Mobility,' 'Energy and Environment,' 'BPO/ICT,' and 'Health.'
List of conversion stocks (Part 3) [List of parabolic signal conversion stocks]
List of sell conversion stocks in the market. Code Name Closing Price SAR Tokyo Prime <7856> Hagiwara Industries 1535 1579<7888> Mitsukoshi Synthetic 706 733<7911> TOPPAN 4551 4684<8136> Sanrio 3159 3177<8154> Kaga Electronics
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