Announcement • Apr 29
SBI Leasing Services Co., Ltd., Annual General Meeting, Jun 25, 2026 SBI Leasing Services Co., Ltd., Annual General Meeting, Jun 25, 2026. Reported Earnings • Apr 29
Full year 2026 earnings released: EPS: JP¥765 (vs JP¥281 in FY 2025) Full year 2026 results: EPS: JP¥765 (up from JP¥281 in FY 2025). Revenue: JP¥64.3b (up 53% from FY 2025). Net income: JP¥6.05b (up 38% from FY 2025). Profit margin: 9.4% (down from 11% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Apr 21
SBI Leasing Services Co., Ltd. to Report Fiscal Year 2026 Results on Apr 28, 2026 SBI Leasing Services Co., Ltd. announced that they will report fiscal year 2026 results on Apr 28, 2026 New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥165 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥215 (vs JP¥152 in 3Q 2025) Third quarter 2026 results: EPS: JP¥215 (up from JP¥152 in 3Q 2025). Revenue: JP¥23.2b (up 96% from 3Q 2025). Net income: JP¥1.70b (up 43% from 3Q 2025). Profit margin: 7.3% (down from 10.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 13
SBI Leasing Services Co., Ltd. to Report Q3, 2026 Results on Jan 29, 2026 SBI Leasing Services Co., Ltd. announced that they will report Q3, 2026 results on Jan 29, 2026 Reported Earnings • Oct 30
Second quarter 2026 earnings released: EPS: JP¥220 (vs JP¥139 in 2Q 2025) Second quarter 2026 results: EPS: JP¥220 (up from JP¥139 in 2Q 2025). Revenue: JP¥16.0b (down 11% from 2Q 2025). Net income: JP¥1.74b (up 60% from 2Q 2025). Profit margin: 11% (up from 6.1% in 2Q 2025). The increase in margin was driven by lower expenses. Announcement • Sep 18
SBI Leasing Services Co., Ltd. to Report Q2, 2026 Results on Oct 29, 2025 SBI Leasing Services Co., Ltd. announced that they will report Q2, 2026 results on Oct 29, 2025 New Risk • Sep 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.2% average weekly change). Reported Earnings • Jul 30
First quarter 2026 earnings released: EPS: JP¥199 (vs JP¥105 in 1Q 2025) First quarter 2026 results: EPS: JP¥199 (up from JP¥105 in 1Q 2025). Revenue: JP¥10.4b (up 322% from 1Q 2025). Net income: JP¥1.57b (up 92% from 1Q 2025). Profit margin: 15% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥563 (vs JP¥443 in FY 2024) Full year 2025 results: EPS: JP¥563 (up from JP¥443 in FY 2024). Revenue: JP¥41.9b (down 23% from FY 2024). Net income: JP¥4.39b (up 27% from FY 2024). Profit margin: 11% (up from 6.4% in FY 2024). The increase in margin was driven by lower expenses. Announcement • Jun 20
SBI Leasing Services Co., Ltd. to Report Q1, 2026 Results on Jul 29, 2025 SBI Leasing Services Co., Ltd. announced that they will report Q1, 2026 results on Jul 29, 2025 Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: JP¥563 (vs JP¥443 in FY 2024) Full year 2025 results: EPS: JP¥563 (up from JP¥443 in FY 2024). Revenue: JP¥41.9b (down 23% from FY 2024). Net income: JP¥4.39b (up 27% from FY 2024). Profit margin: 11% (up from 6.4% in FY 2024). The increase in margin was driven by lower expenses. Announcement • Apr 28
SBI Leasing Services Co., Ltd., Annual General Meeting, Jun 25, 2025 SBI Leasing Services Co., Ltd., Annual General Meeting, Jun 25, 2025. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥2,436, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 8x in the Trade Distributors industry in Japan. Total loss to shareholders of 35% over the past year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%). Announcement • Mar 13
SBI Leasing Services Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2025 SBI Leasing Services Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2025 Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥152 (vs JP¥110 in 3Q 2024) Third quarter 2025 results: EPS: JP¥152 (up from JP¥110 in 3Q 2024). Revenue: JP¥11.9b (up 44% from 3Q 2024). Net income: JP¥1.19b (up 38% from 3Q 2024). Profit margin: 10.0% (in line with 3Q 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Trade Distributors industry in Japan. Announcement • Dec 12
SBI Leasing Services Co., Ltd. to Report Q3, 2025 Results on Jan 30, 2025 SBI Leasing Services Co., Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: JP¥139 (vs JP¥126 in 2Q 2024) Second quarter 2025 results: EPS: JP¥139 (up from JP¥126 in 2Q 2024). Revenue: JP¥17.9b (up 30% from 2Q 2024). Net income: JP¥1.09b (up 11% from 2Q 2024). Profit margin: 6.1% (down from 7.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Announcement • Sep 19
SBI Leasing Services Co., Ltd. to Report Q2, 2025 Results on Oct 29, 2024 SBI Leasing Services Co., Ltd. announced that they will report Q2, 2025 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥2,141, the stock trades at a trailing P/E ratio of 4.7x. Average forward P/E is 10x in the Trade Distributors industry in Japan. Total loss to shareholders of 5.7% over the past year. Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: JP¥105 (vs JP¥96.58 in 1Q 2024) First quarter 2025 results: EPS: JP¥105 (up from JP¥96.58 in 1Q 2024). Revenue: JP¥2.47b (down 81% from 1Q 2024). Net income: JP¥817.0m (up 8.8% from 1Q 2024). Profit margin: 33% (up from 5.8% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. New Risk • Jul 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (71% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). Announcement • Jun 22
SBI Leasing Services Co., Ltd. to Report Q1, 2025 Results on Jul 29, 2024 SBI Leasing Services Co., Ltd. announced that they will report Q1, 2025 results on Jul 29, 2024 New Risk • May 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.7% average weekly change). High level of non-cash earnings (71% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥443 (vs JP¥331 in FY 2023) Full year 2024 results: EPS: JP¥443 (up from JP¥331 in FY 2023). Revenue: JP¥54.1b (up 37% from FY 2023). Net income: JP¥3.45b (up 41% from FY 2023). Profit margin: 6.4% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Announcement • Apr 29
SBI Leasing Services Co., Ltd., Annual General Meeting, Jun 25, 2024 SBI Leasing Services Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 June 2024. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.4%). Announcement • Mar 17
SBI Leasing Services Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 SBI Leasing Services Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,705, the stock trades at a trailing P/E ratio of 7.2x. Average forward P/E is 11x in the Trade Distributors industry in Japan. Total returns to shareholders of 56% over the past year. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥110 (vs JP¥183 in 3Q 2023) Third quarter 2024 results: EPS: JP¥110 (down from JP¥183 in 3Q 2023). Revenue: JP¥8.25b (down 58% from 3Q 2023). Net income: JP¥858.0m (down 40% from 3Q 2023). Profit margin: 10% (up from 7.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (63% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥3,290, the stock trades at a trailing P/E ratio of 8.1x. Average forward P/E is 10x in the Trade Distributors industry in Japan. Total returns to shareholders of 27% over the past year. Announcement • Dec 01
SBI Leasing Services Co., Ltd. to Report Q3, 2024 Results on Jan 30, 2024 SBI Leasing Services Co., Ltd. announced that they will report Q3, 2024 results on Jan 30, 2024 Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,730, the stock trades at a trailing P/E ratio of 6.7x. Average forward P/E is 9x in the Trade Distributors industry in Japan. Total loss to shareholders of 3.3% over the past year. New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: JP¥125 (vs JP¥183 in 2Q 2023) Second quarter 2024 results: EPS: JP¥125 (down from JP¥183 in 2Q 2023). Revenue: JP¥13.8b (down 31% from 2Q 2023). Net income: JP¥976.0m (down 31% from 2Q 2023). Profit margin: 7.1% (down from 7.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Announcement • Sep 15
SBI Leasing Services Co., Ltd. to Report Q2, 2024 Results on Oct 27, 2023 SBI Leasing Services Co., Ltd. announced that they will report Q2, 2024 results on Oct 27, 2023 Reported Earnings • Jul 28
First quarter 2024 earnings released First quarter 2024 results: EPS: JP¥96.57. Net income: JP¥751.0m (up JP¥751.0m from 1Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Trade Distributors industry in Japan. Announcement • Jun 17
SBI Leasing Services Co., Ltd. to Report Q1, 2024 Results on Jul 27, 2023 SBI Leasing Services Co., Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥331 (vs JP¥1,460 in FY 2022) Full year 2023 results: EPS: JP¥331 (down from JP¥1,460 in FY 2022). Revenue: JP¥39.6b (up 34% from FY 2022). Net income: JP¥2.44b (down 76% from FY 2022). Profit margin: 6.2% (down from 35% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 2.6% decline forecast for the Trade Distributors industry in Japan. Announcement • Dec 30
SBI Leasing Services Co., Ltd. to Report Q3, 2023 Results on Jan 30, 2023 SBI Leasing Services Co., Ltd. announced that they will report Q3, 2023 results on Jan 30, 2023 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥3,190, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Trade Distributors industry in Japan. Announcement • Oct 21
SBI Leasing Services Co., Ltd. to Report Q2, 2023 Results on Oct 28, 2022 SBI Leasing Services Co., Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Announcement • Oct 19
SBI Leasing Services Co., Ltd. has completed an IPO in the amount of ¥6.556 billion. SBI Leasing Services Co., Ltd. has completed an IPO in the amount of ¥6.556 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,200,000
Price\Range: ¥2980
Discount Per Security: ¥238.4