Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — IBJ Leasing — Q3 FY2015 Earnings Presentation
8 slides from Mizuho Leasing's earnings presentation, Feb 4, 2016
Slide 1: Overview of Financial Results: Third-Quarter Results for FY2015
Overview of Financial Results Overview Third-Quarter Results for FY2015 February 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. Actual business results may differ
Slide 2: Consolidated P/L
Consolidated P/L Gross profit before write-offs and funding costs increased ¥2.3 billion y-o-y ‐ Along with increase in operating assets, higher profits at financing business also contributed Increase in gross profit before write-offs and funding costs offset higher credit costs, resulting in ga
Slide 3: Sales
Sales Contract execution volume expanded 19% y-o-y on increases in Leasing and installment sales as well as Financing ‐ Leasing and installment sales：+13%, Financing: +24% Operating assets increased 9% from end of previous fiscal year, achieving the medium-term plan’s FY16 target of ¥1.5 trillio
Slide 4: Leasing and Installment Sales
Leasing and Installment Sales Contract execution volume stayed on steady growth track, up 13% y-o-y ‐ Industrial and factory / Information and communications – volume up on increased capex by large corporations ‐ Real estate lease – continued to expand pipeline, especially for retail and distribut
Slide 5: Financing
Financing Contract execution volume up 24% y-o-y, including many highly profitable deals ‐ Specialized Finance, etc. took advantage of changes in environment to win high-quality contracts ‐ Strengthened efforts to accumulate Aircraft Finance assets, designated as core business ‐ Real Estate Financ
Slide 6: Profitability
Profitability Gross profit before write-offs and funding costs increased ¥2.3 billion y-o-y ‐ Profit on Leasing and Installment Sales up ¥0.1 billion, as increase in operating assets covered drop in interest rates ‐ Financing profit increased ¥2.1 billion y-o-y on steady increase in highly-profita
Slide 7: Interest-bearing Debt and Net Assets
Interest-bearing Debt and Net Assets Funding costs kept low even as interest-bearing debt rose in tandem with operating assets Net assets up ¥8.2 billion from end-March to ¥131.5 billion Interest-bearing debt Funding costs（%） （¥bn） Cost of funding CoF Ratio 1,800.0 （¥bn） Borrowings 6.0 CP 4.9 4.
Slide 8: Earnings forecasts and dividends
Earnings forecasts and dividends 1-3Q results amount to more than 75% of full-year profit targets The year-end dividend of ¥30 per share (plan),combined with the ¥30 interim dividend already paid, will result an annual dividend of ¥60 per share (¥4 per share increase), marking the 14th straight