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Japanese diversified leasing company (Fuyo Lease) financing equipment, real estate and aircraft, affiliated with the Fuyo/Mizuho group.
Japanese diversified leasing company (Fuyo Lease) financing equipment, real estate and aircraft, affiliated with the Fuyo/Mizuho group.
Leases equipment to corporate clients and finances real estate, aircraft and ships, earning the gap between what lessees pay over the contract and its own funding cost, plus gains when leased assets are sold at the end. Introductions through the Fuyo and Mizuho banking connections feed new business.
Moat: narrow (scale, distribution). Fuyo/Mizuho banking-group ties provide referral distribution for corporate leasing.
Headquarters: Tokyo, Japan · Employees: 4,410
Size Fuyo General Lease (8424.T) is a Japan Financials company (Finance/Rental/Leasing) with a market value of $2.34B, the 438th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,067 on 6 Nov 2026.
Performance Over six months the shares fell 6.2%, against -5.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 18.5% over the last twelve months (peer median +16.8%); the operating margin is 5.7% (peer median 31.4%).
Valuation It trades at 0.72× book value against a peer median of 1.81× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 4.8%; Fuyo General Lease delivers 4.5%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥817B | ¥789B | ¥678B | ¥709B | ¥689B |
| Revenue growth | — | +16% | -4% | +3% | — |
| Gross profit | ¥102B | ¥96.0B | ¥114B | ¥104B | ¥93.0B |
| EBITDA | ¥119B | ¥112B | ¥123B | ¥114B | ¥99.2B |
| Net income | ¥22.3B | ¥21.6B | ¥45.3B | ¥47.2B | ¥38.9B |
| Free cash flow | n/a | -¥123B | -¥85.2B | -¥79.3B | ¥105B |
| Capital expenditure | n/a | ¥3.43B | ¥3.43B | ¥3.27B | ¥2.68B |
| Total debt | ¥3.00T | ¥3.01T | ¥2.81T | ¥2.69T | ¥2.52T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Fuyo General Lease 8424.T | $2.34B | -6% | +19% | 5% | 0.72× | 4.8% |
| Mizuho Leasing 8425.T | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% |
| Ricoh Leasing Company,Ltd 8566.T | $1.20B | 0% | +4% | 5% | 0.77× | 4.3% |
| Mitsubishi HC Capital 8593.T | $11.9B | -9% | +1% | 7% | 0.93× | 5.9% |
| Tokyo Century 8439.T | $7.50B | +12% | +8% | 12% | 1.01× | 7.7% |
| Orix 8591.T | $35.7B | +2% | +17% | 14% | 1.26× | 12.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8424.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.6% | -3.3% | 8th lowest of 21 |
| 6-month return | -6.2% | -5.4% | 11th highest of 21 |
| Return on equity | 4.5% | 13.4% | 4th lowest of 21 |
| Price / book | 0.72× | 1.81× | 3rd cheapest of 21 |
| Trailing P/E | 16.5× | 13.0× | 9th most expensive of 21 |
| ROE the price implies | 4.8% | 19.9% | 2nd least demanding of 21 |
| ROE delivered | 4.5% | 13.3% | 3rd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Fuyo General Lease 8424.T | Japan | $2.34B | -6% | +19% | 5% | 0.72× | 4.8% | 4.5% |
| Encore Capital ECPG | United States | $2.42B | +36% | +29% | 31% | 2.24× | 21.7% | 30.5% |
| UWM UWMC | United States | $2.44B | -56% | +16% | 2% | 2.67× | 32.8% | 2.1% |
| Capri Global Capital CGCL.NS | India | $2.44B | +20% | +53% | 18% | 2.90× | 21.5% | 17.9% |
| Mizuho Leasing 8425.T | Japan | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% | 13.3% |
| Upstart UPST | United States | $2.17B | -24% | +39% | 8% | 2.44× | 37.8% | 8.0% |
| Custom Truck One Source CTOS | United States | $2.12B | -4% | +6% | 4% | 2.58× | 26.7% | 3.7% |
| China Development Bank Financial Leasing 1606.HK | Hong Kong | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% | 12.6% |
| Aadhar Housing Finance AADHARHFC.NS | India | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% | n/a |
| AEON Financial Service 8570.T | Japan | $1.95B | -9% | +8% | 5% | 0.67× | 5.2% | 4.9% |
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Federal Agricultural Mortgage AGM | United States | $1.90B | 0% | +31% | 13% | 1.56× | 14.0% | 13.5% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| CreditAccess Grameen CREDITACC.NS | India | $1.84B | -27% | +17% | 20% | 1.95× | 20.5% | 19.7% |
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| EZCORP EZPW | United States | $1.75B | -15% | +29% | 15% | 1.51× | 11.5% | 14.7% |
| IFCI IFCI.NS | India | $1.75B | -4% | -3% | 2% | 1.85× | 36.2% | n/a |