Ricoh Leasing Company,Ltd. (8566) AI Stock Analysis

• Market Cap: ¥185.26B
• Dividend Yield: 3.3%
• Average Volume (3M): 35.96K
• Price to Earnings (P/E): 11.6
• Beta (1Y): 0.61
• Revenue Growth: 7.36%
• EPS Growth: -3.80%
• Country: JP
• Employees: 1,641
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 125.40
• Shares Outstanding: 31,243,223
• 10 Day Avg. Volume: 27,850
• 30 Day Avg. Volume: 35,963
• PEG Ratio: 0.28
• Price to Book (P/B): 0.72
• Price to Sales (P/S): 0.54
• P/FCF Ratio: -1.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 502.2
• Revenue Forecast (FY): ¥330.30B

• Rating: 70 Outperform
• Price Target: ¥6,369.00 ▲(9.06% Upside)
• Action: Upgraded Date: 10/23/25
• Date: Action: Upgraded 10/23/25

Ricoh Leasing Company scores well due to its stable financial performance and reasonable valuation. The technical indicators suggest a slightly bullish trend, but high leverage and negative free cash flow remain concerns. The absence of earnings call data and corporate events does not impact the score.

Positive Factors

Stable revenue and strong margins

Ricoh Leasing reports a stable revenue stream with a slight growth trend and healthy gross, EBIT and EBITDA margins. Durable operational margins support earnings resilience across cycles, enabling the firm to absorb credit volatility and sustain core profitability over months.

Asset-backed, recurring leasing model

The core leasing and installment financing business generates contractual, recurring cash flows and is collateralized by financed assets. This asset-backed model yields predictable revenue, long-term customer relationships, and lower loss severity versus unsecured lenders, supporting durability.

Effective use of shareholder capital (ROE)

A solid return on equity indicates management’s ability to deploy capital profitably, supporting dividend capacity and reinvestment. Combined with a relatively stable equity ratio, this suggests balanced financing choices that underpin sustainable shareholder value creation over the medium term.

Negative Factors

High leverage

Significant leverage increases refinancing, interest-rate and solvency risk, constraining strategic flexibility. If credit conditions or asset values deteriorate, high debt levels can magnify losses, limit new originations, and force deleveraging actions that pressure growth over the next several months.

Negative free cash flow

Persistent negative free cash flow undermines self-funding ability, increasing reliance on external financing to support operations and asset growth. This pressure can elevate funding costs, restrict capital returns, and reduce resilience against credit shocks or investment needs over the medium term.

Declining EPS trend

A meaningful EPS contraction signals margin or earnings pressures and may reflect cost, credit, or revenue-mix headwinds. Continued negative EPS trends erode retained earnings and capital buffers, limiting the firm’s capacity to rebuild equity or absorb future losses over the coming quarters.

Ricoh Leasing Company,Ltd. Business Overview & Revenue Model

Company Description

Ricoh Leasing Company, Ltd. engages in leasing and installment sales, and financial service businesses in Japan. The company was formerly known as Ricoh Credit Co., Ltd. and changed its name to Ricoh Leasing Company, Ltd. in April 1984. Ricoh Leasing Company, Ltd. was incorporated in 1976 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Ricoh Leasing generates revenue primarily through leasing agreements and financial services. The company earns income from long-term and short-term leases of office equipment, IT systems, and machinery, charging clients monthly or annual fees for the use of these assets. Additionally, Ricoh Leasing may offer value-added services such as maintenance and support, which can contribute to its overall revenue. The firm also engages in the sale of used equipment, further diversifying its income streams. Strategic partnerships with manufacturers and technology providers enhance its service offerings and client base, allowing Ricoh Leasing to capitalize on market demand for leasing solutions in various industries.

Ricoh Leasing Company,Ltd. Financial Statement Overview

Summary

Ricoh Leasing Company shows stable financial performance with consistent revenue growth and strong operational margins. However, high leverage and negative free cash flow are concerns that could impact future financial flexibility.

Income Statement

Ricoh Leasing Company has demonstrated a stable revenue stream with a slight growth trend, as seen in the revenue growth from 2024 to 2025. The company maintains a strong gross profit margin, and both EBIT and EBITDA margins are healthy, indicating operational efficiency. However, the net profit margin is moderate, suggesting room for improvement in cost management or revenue enhancement.

Balance Sheet

The balance sheet shows a relatively high debt-to-equity ratio, indicating significant leverage, which could pose a risk if market conditions deteriorate. However, the company has maintained a relatively stable equity ratio, suggesting a balanced approach to financing its assets. The return on equity has been solid, reflecting effective use of shareholder capital.

Cash Flow

The cash flow statement reveals challenges in generating positive free cash flow, with a significant deficit observed in recent years. Nonetheless, the operating cash flow to net income ratio indicates that the company is managing its core operations effectively, though improvements in cash generation from operations would enhance financial stability.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2021
Income Statement
Total Revenue	318.90B	312.16B	308.33B	298.89B	303.85B	326.27B
Gross Profit	49.45B	48.55B	45.57B	43.27B	40.04B	37.70B
EBITDA	44.40B	44.22B	40.60B	39.53B	37.61B	34.39B
Net Income	15.62B	15.66B	11.28B	14.87B	13.48B	12.02B
Balance Sheet
Total Assets	1.40T	1.38T	1.25T	1.24T	1.18T	1.16T
Cash, Cash Equivalents and Short-Term Investments	4.59B	1.34B	4.96B	14.12B	4.83B	11.03B
Total Debt	1.05T	1.02T	914.36B	921.82B	879.20B	838.64B
Total Liabilities	1.17T	1.14T	1.03T	1.03T	976.24B	969.38B
Stockholders Equity	235.38B	234.07B	221.93B	211.71B	201.48B	191.33B
Cash Flow
Free Cash Flow	0.00	-105.66B	-12.86B	-30.44B	1.31B	24.24B
Operating Cash Flow	0.00	-94.40B	-753.00M	-16.90B	9.14B	38.93B
Investing Cash Flow	0.00	-12.27B	-13.39B	-17.30B	-9.55B	-21.80B
Financing Cash Flow	0.00	103.05B	4.98B	43.49B	-5.79B	-6.96B

Ricoh Leasing Company,Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5840.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8566, the sentiment is Neutral. The current price of 5840 is below the 20-day moving average (MA) of 6118.50, below the 50-day MA of 6096.40, and above the 200-day MA of 5696.58, indicating a neutral trend. The MACD of -27.00 indicates Positive momentum. The RSI at 45.58 is Neutral, neither overbought nor oversold. The STOCH value of 43.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8566.

Ricoh Leasing Company,Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9763	76 Outperform	¥15.36B	9.57	―	3.57%	6.66%	13.62%
8425	72 Outperform	¥397.28B	8.49	―	3.65%	21.22%	-2.77%
8593	72 Outperform	¥2.05T	10.19	8.92%	3.20%	3.42%	22.06%
8591	72 Outperform	¥4.94T	10.66	10.32%	3.30%	6.21%	11.62%
8566	70 Outperform	¥185.26B	11.64	―	3.30%	7.36%	-3.80%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8570	66 Neutral	¥341.34B	14.65	3.46%	3.04%	10.31%	-40.64%

Ricoh Leasing Company,Ltd. Corporate Events

Ricoh Leasing Standardizes Shareholder Benefits with Flexible Catalog Gifts

Ricoh Leasing will partially revise its shareholder benefit program, shifting to a unified catalog-gift format for all eligible shareholders while maintaining the existing value tiers based on shareholding volume and period. The move responds to investor requests for more convenient and flexible rewards, broadens choice through items such as food, daily goods and online gifts including QUO CARD Pay and Amazon gift cards, and is intended to support the stock’s investment appeal and promote longer-term share ownership from the fiscal period ending March 2026 onward.

The most recent analyst rating on (JP:8566) stock is a Hold with a Yen6605.00 price target. To see the full list of analyst forecasts on Ricoh Leasing Company,Ltd. stock, see the JP:8566 Stock Forecast page.

Ricoh Leasing to Rebrand as RITRES in Strategic Shift Beyond Traditional Leasing

Ricoh Leasing Company, Ltd. plans to rebrand itself as RITRES Co., Ltd., reflecting its evolution from a conventional leasing business into a broader business company engaged in finance rather than solely a financial company engaged in business. The name change, subject to shareholder approval of amendments to the Articles of Incorporation at the June 29, 2026 annual general meeting and scheduled to take effect on December 1, 2026, is positioned as a strategic shift to capture new business domains, build on decades of trust within the Ricoh Group, and signal continuity across past, present and future for stakeholders as the firm expands beyond the limits implied by the term “leasing.”

The most recent analyst rating on (JP:8566) stock is a Hold with a Yen6605.00 price target. To see the full list of analyst forecasts on Ricoh Leasing Company,Ltd. stock, see the JP:8566 Stock Forecast page.

Ricoh Leasing Lifts Sales but Profits Drop; Dividend Hike Planned Despite Weaker Outlook

Ricoh Leasing reported consolidated net sales of ¥254.3 billion for the nine months ended December 31, 2025, up 10.5% year on year, while operating profit and ordinary profit declined 4.0% and 3.8%, respectively, and profit attributable to owners of parent fell 18.4% to ¥10.1 billion, leading to lower earnings per share of ¥328.40. Despite profit pressure, the company’s financial position remained solid with modest growth in net assets and total assets, and it plans to raise annual dividends to ¥185 per share for the year ending March 31, 2026, even as it forecasts full-year declines in operating profit and net income, signaling continued shareholder returns amid a more challenging earnings environment.

The most recent analyst rating on (JP:8566) stock is a Hold with a Yen6605.00 price target. To see the full list of analyst forecasts on Ricoh Leasing Company,Ltd. stock, see the JP:8566 Stock Forecast page.