Ricoh Leasing records extraordinary loss, merges subsidiary

Ricoh Leasing Company, Ltd. recorded an extraordinary loss of JPY 1.6 bn in the second quarter of the fiscal year ending March 31, 2026 (FY2025). This loss is due to an impairment on goodwill and other assets from its consolidated subsidiary, Welfare Suzuran Co., Ltd., as its performance fell below initial business plans. Despite this, the company projects no change to its full-year earnings forecast for FY2025, as profit up to ordinary profit in the second quarter exceeded initial forecasts.

Concurrently, Ricoh Leasing announced an absorption-type merger with its wholly-owned subsidiary, Technorent Co., Ltd., effective April 1, 2026. This merger aims to consolidate management resources, enhance operational efficiency, and accelerate growth in its rental business, particularly for IT devices and measuring instruments. No changes to the company's profile or major impact on consolidated business results are anticipated from this merger.

For the six months ended September 30, 2025, net sales increased by 11.2% to JPY 170.8 bn, while operating profit slightly declined by 2.6% to JPY 11.1 bn. Profit attributable to owners of parent decreased by 24.4% to JPY 6.2 bn. The company maintains its full-year forecast, expecting net sales of JPY 320.0 bn and profit of JPY 13.2 bn for FY2026, with a projected dividend per share of JPY 185.00.