Acom (8572) Q1 2026 earnings summary

Executive summary

• Operating revenue increased 6.6% year-over-year to ¥82.4 billion, driven by higher interest on operating loans and strong domestic borrowing.

• Operating profit rose 28.2% year-over-year to ¥28.1 billion, and ordinary profit increased 27.8% to ¥28.2 billion.

• Profit attributable to owners of parent surged 150.3% year-over-year to ¥34.1 billion, mainly due to a favorable change in deferred tax assets.

Financial highlights

• Consolidated outstanding receivables rose 6.6% year-over-year to ¥2,745.0 billion, with total assets reaching ¥1,496,744 million.

• Operating expenses decreased 1.9% year-over-year to ¥54,224 million, mainly due to lower provision for bad debts.

• Net assets rose by ¥12,900 million to ¥721,935 million, with shareholders' equity ratio improving to 44.7%.

• Provision for bad debts decreased 10.1% year-over-year to ¥24.8 billion.

• Financial expenses increased 25.7% year-over-year to ¥1.6 billion.

Outlook and guidance

• Full-year forecast: operating revenue ¥331.8 billion (+4.4% yoy), operating profit ¥88.6 billion (+51.3% yoy), profit attributable to owners of parent ¥72.2 billion (+124.8% yoy).

• Receivables outstanding projected to reach ¥2,874.2 billion (+5.9% yoy).

• Dividend forecast for FY March 2026 is ¥20 per share (interim ¥10, year-end ¥10), up from ¥14 in the previous year.

• Number of requests for interest repayment and related losses expected to decline further in FY March 2026.