Japan Securities Finance Co., Ltd. · TSE:8511
Japan Securities Finance — Q3 FY2014 Earnings Presentation
24 slides from Japan Securities Finance's earnings presentation, March 2015
Slide 1: Slide 1
Slide 2: Slide 2
Slide 3: Third quarter results summary
14 3 15 3 14 3 15 3 3Q 3Q 3Q 3Q 11,725 12,337 611 14,142 14,704 561 9,488 9,540 52 11,905 11,907 2 5,419 5,769 350 6,369 6,647 277 3,218 2,974 244 4,168 3,851 316 5,025 5,050 25 5,943 5,621 321 235 605 1,281 1,517 (18.4%) 1,829 2,435 (33.1%) 92 91 183 456 1,414 1,657 2,113 (27.5%) 2,205 3,619 (64.2%
Slide 4: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 4
Slide 5: Lending balances and rates
1 1Q 3Q 14 3 15 3 3Q 3Q 6,396 6,575 2.8% 2014 3 4,123 2,100 0.64% 2,863 2,314 19.2% 505 330 0.13% 313 440 40.6% 2,815 3,472 23.3% 2,237 2,796 25.0% 2013 3 4,629 1,770 0.77% 577 675 17.0% 8,000 2.0% 2013 2014 3Q 7,000 4,903 4,123 1,764 2,100 6,000 0.77% 0.64% 5,000 4,000 1.0% 3,000 2,000 1,000 0
Slide 6: Japan Securities Finance Co.,Ltd
2 3 Japan Securities Finance Co.,Ltd 6
Slide 7: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 7
Slide 8: Third quarter results
14 3 15 3 3Q 3Q Japan Securities Finance Co.,Ltd 8
Slide 9: Japan Securities Finance Co.,Ltd
喰 喰 Japan Securities Finance Co.,Ltd 9
Slide 10: Slide 10
Slide 11: Japan Securities Finance Co.,Ltd
2014 2016 Japan Securities Finance Co.,Ltd 11
Slide 12: Japan Securities Finance Co.,Ltd
3.0 50% 45% 2.5 40% 35% 2.0 30% 1.5 25% 20% 1.0 15% 10% 0.5 5% 0.0 0% 08 09 10 11 12 13 14 1.0 100% 0.9 90% 0.8 80% 0.7 70% 0.6 60% 0.5 50% 0.4 40% 0.3 30% 0.2 20% 0.1 10% 0.0 0% 08 09 10 11 12 13 14 Japan Securities Finance Co.,Ltd 12
Slide 13: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 13
Slide 14: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 14
Slide 15: Japan Securities Finance Co.,Ltd ) =(C)
喰 喰 ( ) ( ) =(C) Japan Securities Finance Co.,Ltd 15
Slide 16: Policy rate and lending rate history
2006 7 O/N 0.25% 2007 2 O/N 0.50% 2008 10 O/N 0.30% 0.20% 0.40% 0.64% 2008 12 O/N 0.10% 0.20% 2010 10 O/N 0 0.10% 0.10 0% 0% 2013 4 1.2% 2006 7 27 0.74% +0.14% 2006 9 22 0.86% +0.12% 1.0% 2007 3 15 1.02% +0.16% 0.8% 2007 4 5 1.11% +0.09% 0.6% 2009 1 29 0.97% 0.14% 0.4% 2010 1
Slide 17: Interest rate history
10.0% 9.0% 8.75% 8.0% 鞘 7.0% 6.0% 2014 8 5.00% 5.0% 1993 9 2010 11 4.0% 3.75% 3.0% 2002 5 2009 1 2.0% 1.17% 1.0% 1.04% 0.0% 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 Japan Securities Finance Co.,Ltd 17
Slide 18: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 18
Slide 19: Japan Securities Finance Co.,Ltd
10 1,200 (2.68) (2.41) 1,000 (2.69) 800 726 684 600 675 400 200 290 301 271 - 13 12 14 3 14 12 10 500 400 300 197 200 382 403 100 215 - 25 15 13 12 14 3 14 12 Japan Securities Finance Co.,Ltd 19
Slide 20: Balance sheet
14 3 14 9 14 12 14 3 14 9 14 12 418,036 459,336 411,780 15,809 24.7% 12,639 23.3% 13,435 24.3% 15,133 185,096 215,198 0 0.0% 0 0.0% 0 0.0% 402,902 274,239 196,581 192 0.3% 144 0.3% 144 0.3% 76,860 64,707 52,606 367 0.6% 0 0.0% 0 0.0% 138,682 131,403 118,654 0 0.0% 0 0.0% 0 0.0% 4 4 4 0 0.0% 0 0.0% 0
Slide 21: DOE and dividends
2014 2008 2009 2010 2011 2012 2013 20 14 14 14 14 14 14 10 7 7 7 7 7 7 10 7 7 7 7 7 7 80.3 38.6 37.7 8.4 19.1 60.4 33.7 - 36.5% 37.1% 166.3% 73.3% 23.2% 41.5% DOE 1.7% 1.2% 1.2% 1.2% 1.2% 1.2% 1.0% 28.3 27.0 17.3 13.2 11.0 55.3 19.3 70.7% 51.9% 80.7% 106.0% 127.1% 25.3% 72.6% Japan Securities Fina
Slide 22: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 22
Slide 23: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 23
Slide 24: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 24
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