Financial Highlights
Overview of financial results for the fiscal year ended March 31, 2024
Domestic business, revenues increased due to auto loans and housing loans and financial income. Although there was an increase in financial expenses due to rising interest rates and an increase in expenses related to doubtful accounts due to an expansion in the receivables balance, ordinary income increased.
Overseas business, revenues increased due to the implementation of sales strategies and the expansion of sales areas, but ordinary profit decreased due to the significant impact of increased financial expenses due to rising interest rates and increased expenses related to doubtful accounts due to a rise the ratio of receivables in arrears.
As a result, consolidated revenue increased for the 11th consecutive period to 184,782 million yen (up 6.5% from the previous fiscal year), and consolidated operating expenses increased to 151,655 million yen (up 6.9% from the previous fiscal year). However, consolidated ordinary income increased to 33,060 million yen (up 4.1% from the previous fiscal year), and net income attributable to owners of parent increased to 23,770 million yen (up 9.8% from the previous fiscal year), both of which were record highs.