Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — IBJ Leasing — Q1 FY2016 Earnings Presentation
9 slides from Mizuho Leasing's earnings presentation, Aug 4, 2016
Slide 1: Overview of Financial Results: First-Quarter Results for FY2016
Overview of Financial Results Overview First-Quarter Results for FY2016 August 4, 2016 IBJ Leasing Co., Ltd. This document contains forecasts and other forward-looking statements that are based on information available at the time of preparation of this document and subject to certain risks and unce
Slide 2: Consolidated P/L
Consolidated P/L Gross profit increased y-o-y ーGross profit before write-offs and funding costs decreased slightly on the impact from the sale of a Group subsidiary* ーFunding costs declined amid favorable funding environment Profit line items from operating income downward all increased sharply
Slide 3: Sales
Sales Contract execution volume increased 26% y-o-y on growth at both Leasing and Installment Sales and Financing segments Operating assets were nearly the same as at end-FY2015, as growth in contract execution volume offset the impact of the sale of a Group subsidiary Contract execution volume
Slide 4: Leasing and Installment Sales
Leasing and Installment Sales Contract execution volume increased 27% y-o-y with favorable results in industrial and factory and real estate lease ーIndustrial and factory expanded as we captured equipment investment projects from large companies ーReal estate lease increased due to growth in bridge
Slide 5: Financing
Financing We secured highly profitable projects by focusing on meeting diverse financing needs. Contract execution volume also increased 26% y-o-y ーIncrease in Real estate finance was primarily due to REIT-related financings Contract execution volume Operating assets Factoring Specialized finance,
Slide 6: Overseas Business
Overseas Business Overseas-related assets increased from end-FY2015 on growth in aircraft-backed collateral loans to overseas airlines and other operating assets. We continue to promote new initiatives in our overseas business ーAircraft operating lease subsidiary won its first contract ーFull-fledg
Slide 7: Profitability
Profitability Minor decline in gross profit before write-offs and funding costs as we countered profit- depressing factors by increase in operating assets and accumulation of profitable projects ーDecrease in gross profit before write-offs and funding costs of Leasing and Installment Sales segment
Slide 8: Status of Funding, etc.
Status of Funding, etc. Outstanding interest-bearing debt largely same as at end-FY2015 Favorable funding environment facilitated lowering of funding costs and CoF ratio Interest-bearing debt Funding costs(%) Borrowings (¥bn) Funding costs CoF Ratio CP 2 1,800 1.6 Bonds/securitization 1.6 (¥bn)
Slide 9: Earnings forecasts and dividends
Earnings forecasts and dividends Net income attributable to owners of the parent is equivalent to 30% of the Company’s annual plan. ーAiming to achieve plan by continuing to accumulate high-quality operating assets Plan to raise annual dividend for the 15th straight year in FY2016: a ¥2 increase