Acom Co., Ltd. · TSE:8572
Acom — FY March 2011 Earnings Presentation
28 slides from Acom's earnings presentation, May 13, 2011
Slide 1: Earnings Release Conference, Fiscal Year Ended March 2011
Earnings Release Conference Fiscal Year Ended March 2011 ACOM CO., LTD. http://www.acom.co.jp/ir/english May 13, 2011
Slide 2: Conference Schedule
Conference Schedule Approx. Title Presenter Page No. Duration 1. Drastic Changes in Business Environment 4 2. Measures Dealing with the Great East Japan Earthquake 5- Shigeyoshi Kinoshita 25 min. Chairman, President & CEO 3. Financial Results Summary 7- 4. Forecast for the FY March 2012 11 1. Financ
Slide 3: Financial Results Highlight
Financial Results Highlight Fiscal Year Ended March 2011 (1) Drastic Changes in Business Environment (2) Measures Dealing with the Great East Japan Earthquake (3) Financial Results Summary (4) Business Results by Segment (5) Forecast for the Fiscal Year Ending March 2012 (6) Management Vision Shigey
Slide 4: Drastic Changes in Business Environment
Drastic Changes in Business Environment Macro Environment Japanese Japanese economy economy is is seeing seeing some some improvements improvements suchsuch as as recovery recovery in in exports exports and and product, product, increase increase in in corporate corporate profits, profits, and a
Slide 5: Measures Dealing with the Great East Japan Earthquake - What ACOM Has Done
Measures Dealing with the Great East Japan Earthquake - 1 What ACOM Has Done Disaster Disaster countermeasure countermeasure office office was was established established at at the the headquarter headquarter immediately immediately after after the the Great Great East East Japan Japan Earthquak
Slide 6: Measures Dealing with the Great East Japan Earthquake - Impact on Business Performance
Measures Dealing with the Great East Japan Earthquake - 2 Impact on Business Performance <Customer Related> Corresponding balance: 63.4 billion yen (C.R.: 7.2％) What ACOM Has Done Additional provision of allowance for doubtful accounts was made by first categorizing corresponding balance as of the
Slide 7: Financial Results Summary
Financial Results Summary (Millions of yen) Consolidated Non-consolidated 2010/3 2011/3 Compared 2010/3 2011/3 Compared to revised to revised Yoy forecast Yoy forecast Results Results Results Results (%) (2010/11/9) (%) (2010/11/9) Operating Revenue (*1) 278,795 245,831 -11.8 5,131 238,215 207,767 -
Slide 8: Loan Business
Loan Business ACOM Receivables Outstanding, No. of Customer Accounts, No. of New Customers, Operating Revenue (Loan Business) (Millions of yen) 2010/3 2011/3 2012/3 (Forecast) Compared to Yoy Results Results Yoy revised forecast (%) (2010/11/9) (%) (%) Receivables Outstanding 1,103,969 902,200 -20
Slide 9: Guarantee and Loan Servicing Business
Guarantee and Loan Servicing Business (Millions of yen) 2010/3 2011/3 2012/3 (Forecast) Compared to Yoy Results Results Yoy revised forecast (%) (%) (%) (2010/11/9) Guaranteed Receivables 317,240 443,460 126,220 39.8 5,860 1.3 482,200 8.7 Guarantee Business ACOM (*) No. of Accounts with 670,473 899,
Slide 10: Credit Card and Installment Sales Finance Business
Credit Card and Installment Sales Finance Business (Millions of yen) 2010/3 2011/3 2012/3 (Forecast) Compared to Results Results yoy revised forecast yoy % % (%) (2010/11/9) Receivables Outstanding 26,485 21,625 -4,860 -18.3 425 2.0 16,600 -23.2 Credit Card Business ACOM No. of Customer Accounts 373
Slide 11: Forecasts for the Fiscal Year Ending March 2012
Forecasts for the Fiscal Year Ending March 2012 (Millions of yen) Consolidated Non-consolidated 2012/3 2012/3 2011/3 2011/3 yoy yoy Results Forecast Results Forecast (%) (%) Operating Revenue (*1) 245,831 204,300 -16.9 207,767 167,500 -19.4 Loan Business 201,855 160,600 -20.4 173,209 132,100 -23.7 G
Slide 12: Basic Policy on Profit Distribution and Dividend
Basic Policy on Profit Distribution and Dividend ◆Basic Policy Basic Policy on Profit Distribution Attempt Attempt stable stable and and continuous continuous profit profit distribution, distribution, taking taking the the economic economic and and financial financial situation, situation, sharehold
Slide 13: Management Vision and Mid-term Outlook
Management Vision and Mid-term Outlook ◆Mid-term Outlook (billions of yen) Management Vision Receivables Outstanding by Business Segment 800 社名の由来 We aim to become the “leading company” which provide 761.0 prime satisfactions to as many customers as possible and Loan Business 717.6 730.1 trusted i
Slide 14: Financial Results Highlight
Financial Results Highlight Fiscal Year Ended March 2011 (1) Financial Results Summary (ACOM) (2) Major Figures (ACOM) Takashi Kiribuchi Chief General Manager & Chief PR & IR Officer Treasury Department
Slide 15: Financial Results Summary (ACOM)
Financial Results Summary (ACOM) (Millions of yen) 2010/3 2011/3 2012/3 (Forecast) Compared to yoy Results Results yoy revised forecast % (2010/11/9) % (%) Operating Revenue (*1) 238,215 207,767 -30,448 -12.8 4,367 2.1 167,500 -19.4 Loan Business 212,839 173,209 -39,629 -18.6 3,209 1.9 132,100 -23.7
Slide 16: Loan and Guarantee Business (ACOM)
Loan and Guarantee Business (ACOM) (Billions of yen) (Thousands) 1,600 4,000 Absorbed Loan Business of DC Cash One (77.3 billion yen) 3,500 1,277.8 1,200 1,179.2 3,000 1,137.0 1,144.1 1,106.2 1,074.8 1,041.1 2,364 982.6 2,500 2,245 926.6 2,126 2,162 878.7 1,988 1,941 800 1,890 1,830 2,000 1,764 742.
Slide 17: Trend of Requests for Interest Repayment and Interest Repayment (ACOM-1)
Trend of No. of Requests for Interest Repayment and Interest Repayment (Cash Out) (ACOM-1) ◆No. of Requests for Interest Repayment and Interest Repayment (Cash Out Basis) by Month (Millions of yen) 22,000 18,000 16,500 16,500 20,000 16,000 No. of Requests for Interest Repayment 14,300 18,000 14,100
Slide 18: Trend of Requests for Interest Repayment and Interest Repayment (ACOM-2)
Trend of No. of Requests for Interest Repayment and Interest Repayment (Cash Out) (ACOM-2) ◆No. of Requests for Interest Repayment and Interest Repayment (Cash Out Basis) by Month (Millions of yen) 2009/3 2010/3 2011/3 No. of No. of No. of Requests Interest Requests Interest Requests Interest for In
Slide 19: Provision for Loss on Interest Repayment and Allowance for Doubtful Accounts
Provision for Loss on Interest Repayment and Provision of Allowance for Doubtful Accounts (ACOM) ◆Provision for Loss on Interest Repayment (Millions of yen) 2010/3 2011/3 2012/3 Total 1Q 2Q 3Q 4Q Total (Forecast) Provision for Loss on Interest Repayment 58,362 2,239 66,163 15,642 159,412 243,456 - I
Slide 20: Calculation Method of Provision for Loss on Interest Repayment
Calculation Method of Provision for Loss on Interest Repayment 1. Provision for loss on interest repayment was calculated by former method 2. Based on accumulation of the historical data of provision for loss on interest repayment (including effects of cap on total borrowing amount and failure of ma
Slide 21: Influence of Full Enactment of Revised Money Lending Business Act
Influence of Full Enactment of Revised Money Lending Business Act Impact of Introducing Cap on Total Borrowing Amount ◆ Trend of Customers who are in breach of the ◆Trend of Collection of Income Certificate(*2) (%) Regulation of Total Borrowing Amount(*1) (%) 60.0 80.0 57.7 58.0 57.6 57.5 57.2 78.0
Slide 22: Trend of Lending Ratio, Applications, and New Loan Customers by Month
Trend of Lending Ratio, No. of Applications, and New Loan Customers of Loan Business by Month (ACOM) ◆Unsecured Loans for Consumers 50,000 70.0% 45,000 60.0% 40,000 35,000 50.0% 42.7% No. of applications 43.7% 40.5% 41.2% 41.1% 40.7% 30,000 39.1% 38.4% 43.8% 38.3% 39.6% 38.4% 38.2% 43.7% 42.0% 36.5%
Slide 23: Non-performing Loans (ACOM)
Non-performing Loans (ACOM) ◆Non-performing Loans (Billions of yen) 150 15.0% 141.3 Loans to Borrowers in Bankruptcy or 14.0% under Reorganization 122.8 120 116.6 118.7 115.0 116.1 13.0% 112.8 112.1 109.1 109.8 108.6 107.1 98.3 12.0% 80.9 74.0 67.9 68.8 72.8 77.3 72.1 72.5 61.0 61.9 59.6 60.0 90 49.
Slide 24: Composition Ratio of Loans Receivable by Number of Other Lenders
Trend of Composition Ratio of Loans Receivable Outstanding by Number of Other Lenders (ACOM) ◆Unsecured Loans for Consumers ◆Unsecured Loans for Consumers (New Loan, No. of Accounts Basis) (Existing Loan, Outstanding Basis) 100% 100% 3.1 3.9 4.1 3.7 1.5 1.6 1.6 2.8 9.4 9.9 10.4 14.5 13.3 11.5 11.5 1
Slide 25: Funds Procurements (ACOM)
Funds Procurements (ACOM) (Millions of yen) 2010/3 2011/3 2012/3 (Forecast) Compared to C.R. revised forecast yoy Results Results yoy (%) (%) (2010/11/9) (%) (%) Borrowings 705,387 643,652 -61,735 -8.8 100.0 20,852 3.3 550,100 -14.5 Indirect 463,887 402,561 -61,326 -13.2 62.5 -2,139 -0.5 345,600 -14
Slide 26: Assumptions on the Forecast for the Fiscal Year Ending March 2012 (ACOM)
Assumptions on the Forecast for the Fiscal Year Ending March 2011 (ACOM) 1. 1. Average Average Nominal Nominal Interest Interest Rate Rate 2.34% 2.34% 2. 2. Average Average Loan Loan Yield Yield 15.90% 15.90% (Unsecured (Unsecured Loans Loans for for Consumers Consumers 16.05%) 16.05%) 3. 3. Financi
Slide 27: Moving toward an Entirely New ACOM
Moving toward an Entirely New ACOM Restructuring Internal Organization and Strengthening Business Foundation for Next Growth ACOM is concentrating its management resources in three areas – its mainstay unsecured loan Collection Credit business and its other core Screening Loan Business guarantee a
Slide 28: Reference: For further information, please contact
Reference ◆ For further information and questions regarding this presentation material, please contact: Public & Investor Relations Office Treasury Department Tel:+81-3-5533-0861 email:ir@acom.co.jp ◆ For updated company information, please refer to our website: http://www.acom.co.jp/ir/english 28