ACOM CO., LTD.

Business Details

This is the core domestic consumer finance business handled by ACOM CO., LTD. itself and GeNiE Co., Ltd. It offers unsecured loans (primarily revolving) and credit card services to individuals. At the end of FY2026 (ending March 2026), the operating loans receivable balance stood at ¥998,234 million (up 6.6% from the prior fiscal year-end), and the installment accounts receivable balance stood at ¥153,522 million (up 11.8% from the prior fiscal year-end). Operating income recovered sharply, up 281.9% year on year, mainly due to a significant decrease in the provision for loss on interest repayments.

Recent Overview

The provision for loss on interest repayment decreased sharply, and operating income recovered sharply, up 281.9% year on year.

In FY2026 (ending March 2026), segment operating revenue was ¥181,889 million (up 7.3% year on year). Growth in operating loans receivable and installment accounts receivable drove revenue. Meanwhile, operating income recovered sharply to ¥53,588 million (up 281.9% year on year), mainly due to a significant decrease in the provision for loss on interest repayment, from ¥40,033 million to ¥6,573 million. The company promoted new customer acquisition through renewed TV commercials and brand messaging under the "Hajimetai Koto, Hajimeyo! PROJECT" (Let's Start What You Want to Start! Project). GeNiE Co., Ltd.'s embedded finance business entered its third fiscal year and continues to expand its business foundation.

Key Products

Growth Drivers

• Growth in operating loans receivable (up 6.6% from the prior fiscal year-end) and installment accounts receivable (up 11.8% from the prior fiscal year-end) amid brisk fund demand accompanying a recovery in personal consumption
• Promotion of new customer acquisition through renewed TV commercials and enhanced brand messaging via the "Hajimetai Koto, Hajimeyo! PROJECT"
• Strengthened human resource development, including improved credit assessment accuracy, credit training, and customer service quality training, to maintain the soundness of receivables
• Creation of new customer touchpoints through GeNiE Co., Ltd.'s embedded finance business (launched October 2024)
• Improved customer experience through digitalization initiatives such as faster screening and enhanced UI/UX
• Improved earnings structure driven by the steady decline in the provision for loss on interest repayment (from ¥40,033 million to ¥6,573 million)

Risks

• Trends in interest repayment claims are highly susceptible to changes in the external environment, leaving a residual risk of additional provisioning
• Risk of increased borrowing costs and deterioration in customers' repayment capacity amid rising prices and interest rates
• Pressure on earnings from the increasing trend in credit costs (¥43,167 million, up 3.3% year on year)
• Constraints on growth in the domestic market due to intensifying competition and the declining birthrate and aging population
• Accounting estimation risk related to the calculation of the provision for loss on interest repayment and the assessment of the recoverability of deferred tax assets
• Uncertainty over the sustainability of earnings levels once the effect of the decline in the interest repayment provision fades, given that segment-wide operating income is expected to decrease year on year in the FY2027 (ending March 2027) forecast