Japan Securities Finance Co., Ltd. · TSE:8511

Japan Securities Finance — FY2012 Earnings Presentation

39 slides from Japan Securities Finance's earnings presentation, May 15, 2013

  1. Slide 1: 2013 ln 2013

    2013 3 ln 2013 5 15

  2. Slide 2: Slide 2

  3. Slide 3: Japan Securities Finance Co.,Ltd

    12 3 13 3 12 3 13 3 1,121 2,553 15,276 14,154 ( 7.3%) 20,229 17,675 ( 12.6%) 932 2,364 12,128 11,196 17,082 14,718 ( 7.7%) ( 13.8%) 8,311 7,015 1,296 9,634 8,193 1,441 5,855 5,849 6 7,554 7,694 139 181 1,252 1,108 1,290 (16.3%) 3,039 1,787 ( 41.2%) 868 486 1,355 169 169 1,391 1,560 (12.1%) 2,387 2,5

  4. Slide 4: Japan Securities Finance Co.,Ltd

    12 3 13 3 15,186 14,093 6,756 6,625 (33.4%) (37.5%) 1,783 1,760 639 652 3,957 3,746 3,147 2,957 809 789 827 810 (4.1%) (4.6%) 492 440 189 175 1,701 1,862 (8.4%) (10.5%) 219 289 1,482 1,573 5,901 4,794 (29.2%) (27.1%) 5,824 4,719 4,224 2,762 (20.9%) (15.6%) 741 590 300 338 3,134 1,808 818 819 (4.0%)

  5. Slide 5: Japan Securities Finance Co.,Ltd

    1 12 3 13 3 2012 2,141 1,830 0.77 0.00 0.10 6,756 6,625 1.9% 1,783 1,760 1.3% 639 652 1.9% 2011 2,180 1,846 0.77 0.00 0.10 3,957 3,746 5.3% 3,147 2,957 6.0% 809 789 2.6% 5,000 2011 2012 2,180 2,141 1,846 1,830 4,000  3,000  2,000 1,000 0 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 11 11

  6. Slide 6: CDO JBISHD

    2 12 3 13 3 58 47 11 31 18 13 CDO 14 3 12 3 13 3 9 5 14 7 ― 7 JBISHD Japan Securities Finance Co.,Ltd 6

  7. Slide 7: Japan Securities Finance Co.,Ltd

    100% 100% 20.0% 20.8% JSFIT 2013 3 17,675 2,557 1,777 779 - 14,154 1,560 1,025 1,229 100% 2,859 176 95 1,540 100% 1,168 441 262 207 - Japan Securities Finance Co.,Ltd 7

  8. Slide 8: Japan Securities Finance Co.,Ltd

    12 3 13 3 4,245 2,859 1,385 300 339 38 1,635 176 1,459 1,540 95 1,444 33.07% 45.05%   14  Japan Securities Finance Co.,Ltd 8

  9. Slide 9: Japan Securities Finance Co.,Ltd

    2014 3 ( ) 2013 2013 3 2,500 2,900 1,800 3,200 1,777 +713 +343 +23 900 2,000 2,300 1,400 1,025 喰 +710 +740 +375 1,200 118 93 95 58 2 4,400 2,100 400 430 260 262 6 11 2 2012 0.77 0% 0.40 1,158 847 喰 983 2,141 1,830 Japan Securities Finance Co.,Ltd 9

  10. Slide 10: Slide 10

  11. Slide 11: Japan Securities Finance Co.,Ltd

    3.0 30% 2.5 25% 2.0 20% 1.5 15% 1.0 10% 0.5 5% 0.0 0% '11/4 '11/7 '11/10 '12/1 '12/4 '12/7 '12/10 '13/1 '13/4 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% '11/4 '11/7 '11/10 '12/1 '12/4 '12/7 '12/10 '13/1 '13/4 Japan Securities Finance Co.,Ltd 11

  12. Slide 12: Japan Securities Finance Co.,Ltd

    Japan Securities Finance Co.,Ltd 12

  13. Slide 13: Japan Securities Finance Co.,Ltd

    (2012 4 Japan Securities Finance Co.,Ltd 13

  14. Slide 14: Japan Securities Finance Co.,Ltd

    Japan Securities Finance Co.,Ltd 14

  15. Slide 15: Japan Securities Finance Co.,Ltd

    25 3 7 Japan Securities Finance Co.,Ltd 15

  16. Slide 16: Japan Securities Finance Co.,Ltd

    25 7 22 1 0.39 JAPAN SECURITIES FINANCE CO., LTD. 1-2-10 10,000 136,895 25 3 31 3 31 Japan Securities Finance Co.,Ltd 16

  17. Slide 17: Japan Securities Finance Co.,Ltd

           Japan Securities Finance Co.,Ltd 17

  18. Slide 18: Japan Securities Finance Co.,Ltd

    0 Tier1 Tier2 100 5 1 100 AA 20 90 A- AA- 50 80 50 1 85 1 0 65 100 Japan Securities Finance Co.,Ltd 18

  19. Slide 19: Evergreen

    2 Evergreen 1 Japan Securities Finance Co.,Ltd 19

  20. Slide 20: Japan Securities Finance Co.,Ltd

    700,941 995,240 99,148 79,440 790,687 412,565 1,540 95 Japan Securities Finance Co.,Ltd 20

  21. Slide 21: Japan Securities Finance Co.,Ltd

     40 2013 3 14 7 7 2014 3 14 7 7 2013 2007 2008 2009 2010 2011 2012 26 20 14 14 14 14 14 13 10 7 7 7 7 7 13 10 7 7 7 7 7 13.1 80.3 38.6 37.7 8.4 19.1 19.3 - - 36.5% 37.1% 166.3% 73.3% 72.4% DOE 2.1% 1.7% 1.2% 1.2% 1.2% 1.2% 1.2% 49.7 28.3 27.0 17.3 13.2 11.0 15.0 52.3% 70.7% 51.9% 80.7% 106.0% 127.1

  22. Slide 22: Slide 22

  23. Slide 23: Japan Securities Finance Co.,Ltd

    2012 2014 Japan Securities Finance Co.,Ltd 23

  24. Slide 24: Web HP IR

    Web 25 1 HP IR 2013 1,800 1,708 1,683 1,682 1,645 1,657 1,619 1,623 1,600 (86) (93) (101) (103) (108) (111) (117) 1,400 [10] [10] [10] [10] 1,200 1,000 10 3 10 9 11 3 11 9 12 3 12 9 13 3 Japan Securities Finance Co.,Ltd 24

  25. Slide 25: Japan Securities Finance Co.,Ltd

    喰  Japan Securities Finance Co.,Ltd 25

  26. Slide 26: Interest rate trends

     2006 7 O/N 0.25%  2007 2 O/N 0.50% 0.77% 0.40%  2008 10 O/N 0.30% 0.20%  2008 12 O/N 0.10% 0.20%  2010 10 O/N 0 0.10% 0.10 0% 0%  2006 7 27 0.74% +0.14% 1.2%  2006 9 22 0.86% +0.12% 1.0%  2007 3 15 1.02% +0.16%  2007 4 5 1.11% +0.09% 0.8% 0.6%  2009 1 29 0.97% 0.14% 0.4%  2010 11 22 0.77

  27. Slide 27: Japan Securities Finance Co.,Ltd

    10.0% 9.0% 8.75% 8.0% 鞘 7.0% 6.0% 5.00% 5.0% 1993 9 4.0% 3.75% 2010 11 3.0% 2009 1 2.0% 2002 5 1.17% 1.0% 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 Japan Securities Finance Co.,Ltd 27

  28. Slide 28: Japan Securities Finance Co.,Ltd

    13 3 13 3  653,833  1,161,600  650,205 1  383,800  1,071,362  994,732  433,186 1  0 111,310 Japan Securities Finance Co.,Ltd 28

  29. Slide 29: Japan Securities Finance Co.,Ltd

    10 3,000 12 3 12 9 13 3 2,500 2,094,731 1,681,442 1,050,772 2,000 (1.19) (1.13) 1 1,318,655 946,967 650,205 (1.28) 1,500 776 1 776,076 734,475 400,567 734 ( 15 ) 152,747 152,898 151,912 1,000 401 5,016 5,042 6,783 500 1,319 947 650 ( ) (1.19) (1.13) (1.28) - 12 3 12 9 13 3 10 500 12 3 12 9 13 3 80 4

  30. Slide 30: Japan Securities Finance Co.,Ltd

    10 3 08 3 09 3 11 3 12 3 13 3 38,619 34,427 20,817 17,558 15,186 14,093 23,156 19,638 12,954 8,922 6,756 6,625 (45.8%) (44.3%) (46.5%) (39.0%) (33.4%) (37.5%) 10,581 3,899 3,324 2,809 1,783 1,760 1,683 1,992 1,774 826 639 652 10,383 13,278 7,337 4,807 3,957 3,746 7,862 11,568 5,773 3,811 3,147 2,957

  31. Slide 31: Japan Securities Finance Co.,Ltd

    2007 2008 2009 2010 2011 2012 917,219 336,324 324,205 293,429 218,059 214,164 508,587 244,306 328,755 305,083 241,035 502,322 76,941 51,887 46,863 45,850 50,893 55,865 68,594 53,141 51,448 39,782 96,488 122,011 34,374 14,282 17,173 18,405 20,330 18,472 25,154 18,714 20,944 18,143 25,727 34,380 48,39

  32. Slide 32: Japan Securities Finance Co.,Ltd

    13 3 13 3 732,475 983,076 502,322 216,206 1,092,112 106,559 ( ) ( ) 347,149 502,322 216,206 203,821 130,000 106,675 2,140 97,000 2,000 140 392,791 35,937 742,081 742,081 Japan Securities Finance Co.,Ltd 32

  33. Slide 33: Japan Securities Finance Co.,Ltd

    2008 2008/4/1 2008/4/18 4,312,800 2,999 99,704,000 2008/5/15 2008/6/11 978,900 999 99,704,000 2008/6/27 2008/7/25 1,000,000 881 99,704,000 2008/9/24 6,004,000 93,700,000 6,291,700 4,881 120,000 1.6 1.4 00 113,474 4,800 01 107,509 5,965 110,000 1.2 02 101,810 5,699 1.0 03 99,704 2,106 04 99,704 100,0

  34. Slide 34: JCR R&I Standard & Poor’s

    JCR R&I Standard & Poor’s 2013 3 31 Rating Outlook Rating Outlook Rating Outlook AA- AA- A J-1+ a-1+ A-1 CP 1 1 ― A+ A+ ― ― J-1+ a-1 ― ― Japan Securities Finance Co.,Ltd 34

  35. Slide 35: Japan Securities Finance Co.,Ltd

    Japan Securities Finance Co.,Ltd 35

  36. Slide 36: Japan Securities Finance Co.,Ltd

    12 3 12 9 13 3 12 3 12 9 13 3 407,669 346,931 172,968 31,859 32.1% 31,047 30.1% 23,386 29.4% 327,732 266,998 99,285 0 0.0% 0 0.0% 0 0.0% 79,937 79,933 73,682 384 0.4% 336 0.3% 288 0.4% 158,248 146,615 80,188 1,850 1.9% 1,618 1.6% 692 0.9% 224,458 237,303 159,200 0 0.0% 0 0.0% 0 0.0% 4 4 4 2,687 2.7%

  37. Slide 37: Japan Securities Finance Co.,Ltd

    14 3 14 3 13 3 14 3 14 3 13 3 2 2 900 2,000 1,290 1,100 2,500 1,787 1,100 2,300 1,560 1,200 2,900 2,557 700 1,400 1,025 700 1,800 1,777 7.52 15.05 11.02 7.52 19.35 19.11 4,400 2,100 0.77 0% 0.40% Japan Securities Finance Co.,Ltd 37

  38. Slide 38: Japan Securities Finance Co.,Ltd

    12 3 13 3 507 3,464 2,957 ( 14.6%) 1,249 935 314 2,191 2,032 159 35 24 11 ( %) 56 263 207 ( 21.1%) 369 330 39 66 210 144 19 309 290 ( 6.2%) Japan Securities Finance Co.,Ltd 38

  39. Slide 39: Japan Securities Finance Co.,Ltd

    Japan Securities Finance Co.,Ltd 39

Japan Securities Finance — FY2012 Earnings Presentation on 6ix