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Finance

Fuyo General Lease Co., Ltd.

Business Summary

Fuyo General Lease Co., Ltd. engages in the leasing and installment sales of information Technology (IT) equipment, office equipment, industrial machinery and machine tools, commercial and service equipment, medical devices, transportation equipment, civil engineering and construction machinery. It operates through the following segments: Lease, Installment Sales, Financing, Others and Solutions. The Lease segment provides leasing services such as finance, operating, personal computers, auto, vendor, building and space leasing services. The Installment Sales segment provides installment sales arrangements for properties that are not suitable for leasing due to tax considerations, or in cases where customers want to own the property. The Financing segment provides non-recourse real estate loans, whereby cash flows generated from real estate properties are used to fund repayments, as well as other financing schemes. The Others segment provides aircraft operating leases, life insurance consulting services, flow web based contract and asset management services. The Solutions segment provides consulting services that identify the issues and needs inherent in customers' management and financial strategies. The company was founded on May 1, 1969 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2019 JPYUSD
Revenue618,119M5,573.92M
Gross Profit64,304M579.86M
Operating income35,473M319.88M
Income before tax40,085M361.46M
Net income25,689M231.65M
EBITDA70,133M632.42M
Diluted EPS843.507.60
Dividends Per Share1881.69
Total Assets2,592.20B23,419.67M
Total liabilities2,297.13B20,753.84M
Total equity262,688M2,373.29M
Operating cash flow-78,327M-706.31M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 473,830M 495,762M 507,001M 590,318M 618,119M
Gross Profit 47,805M 50,784M 52,617M 57,698M 64,304M
Operating income 25,858M 28,000M 28,744M 32,705M 35,473M
Income before tax 26,566M 29,056M 31,844M 35,130M 40,085M
Net income 14,203M 17,464M 19,974M 21,945M 25,689M
EBITDA 59,162M 61,108M 63,161M 68,171M 70,133M
Diluted EPS 465.41 574.13 655.98 719.99 843.50
Dividends Per Share 80 100 130 146 188
Total Assets 1,987.61B 2,113.37B 2,300.09B 2,430.53B 2,592.20B
Total liabilities 1,765.10B 1,880.84B 2,040.89B 2,147.96B 2,297.13B
Total equity 200,653M 208,861M 228,686M 250,037M 262,688M
Operating cash flow -123,454M -86,465M -108,897M -75,672M -78,327M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 4,313.17M 4,128.45M 4,681.99M 5,326.22M 5,573.92M
Gross Profit 435.15M 422.90M 485.90M 520.58M 579.86M
Operating income 235.37M 233.16M 265.44M 295.08M 319.88M
Income before tax 241.82M 241.96M 294.06M 316.96M 361.46M
Net income 129.28M 145.43M 184.45M 198.00M 231.65M
EBITDA 538.53M 508.87M 583.27M 615.08M 632.42M
Diluted EPS 4.23 4.78 6.05 6.49 7.60
Dividends Per Share 0.72 0.83 1.20 1.31 1.69
Total Assets 16,573.77M 18,803.08M 20,641.56M 22,854.11M 23,419.67M
Total liabilities 14,718.43M 16,734.21M 18,315.50M 20,197.09M 20,753.84M
Total equity 1,673.15M 1,858.27M 2,052.28M 2,351.07M 2,373.29M
Operating cash flow -1,123.77M -720.03M -1,005.62M -682.76M -706.31M

Valuation Measures

Mar 2019
PER6.44
ROA1.02%
ROE10.02%
Operating margin5.73%
Profit margin4.15%

Key executives

  • Executive President & Representative Director: Yasunori Tsujita
  • Executive Officer, Manager-Finance & Planning: Yusuke Kishida
  • Manager-Legal Affairs & Compliance: Shuichi Yamada
  • Representative Director & Executive Vice President: Shozo Kazama
  • Senior MD & Senior Managing Executive Officer: Yoriaki Takebe

Shareholders

  • Hulic Co., Ltd. (13.9%)
  • Meiji Yasuda Life Insurance Co. (7.4%)
  • Marubeni Corp. Pension Fund (4.9%)
  • Asset Management One Co., Ltd. (4.7%)
  • Mizuho Financial Group, Inc. (4.0%)
  • Sompo Holdings, Inc. (3.3%)
  • Azbil Corp. (3.3%)
  • Nomura Asset Management Co., Ltd. (2.7%)
  • Dimensional Fund Advisors LP (2.1%)
  • Fidelity Management & Research Co. LLC (1.9%)

Contact Details

  • Website:http://www.fgl.co.jp
  • Address: 3-3-23 Kanda-Misaki-cho, Chiyoda-Ku, Tokyo, 101-8380, Japan
  • Phone: +81.3.5275.8800

Related Companies

  • Fuyo General Lease Bord Benefit Trust
  • Fuyo Lease Co., Ltd.
  • Fuyo General Lease (China) Co. Ltd.
  • Fuyo General Lease (HK) Ltd.
  • Fuyo General Lease Pension Fund
  • Fuyo Aviation Capital Europe Ltd.
  • Fuyo General Lease (USA), Inc.
  • FGL Aircraft Ireland No. 7 Ltd.
  • FGL Aircraft Ireland No. 6 Ltd.
  • FGL Aircraft Ireland No. 5 Ltd.
  • FGL Aircraft Ireland No. 4 Ltd.
  • FGL Aircraft Ireland No. 2 Ltd.
  • FGL Aircraft Ireland No. 1 Ltd.
  • FGL Service KK
  • FGL Aircraft Ireland No. 3 Ltd.
  • FGL Aircraft Ireland Ltd.
  • Fuyo Auto Lease Co. Ltd.
  • NOC Outsourcing & Consulting, Inc.
  • FUJITA Co., Ltd.
  • Sharp Finance Corp.
  • Japan Mortgage Co., Ltd.
  • Accretive Co., Ltd.

Competitors

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