Japan Securities Finance Co., Ltd. · TSE:8511
Japan Securities Finance — Q3 FY2013 Earnings Presentation
26 slides from Japan Securities Finance's earnings presentation, March 2014
Slide 1: 2014年3月期 第3四半期決算説明資料
2014 3 3
Slide 2: Slide 2
Slide 3: Q3 results summary
13 3 14 3 13 3 14 3 3Q 3Q 3Q 3Q 917 926 10,808 11,725 (8.5%) 13,216 14,142 (7.0%) 950 959 8,537 9,488 10,945 11,905 (11.1%) (8.8%) 5,432 5,419 12 6,199 6,369 169 4,518 5,025 506 5,929 5,943 14 423 743 857 1,281 (49.4%) 1,086 1,829 68.4% 181 92 89 549 676 1,108 1,657 (49.6%) 1,529 2,205 44.2% 17 3,91
Slide 4: Income statement
13 3 14 3 3Q 3Q 10,762 11,703 4,656 6,396 (35.2%) (45.2%) 1,174 2,863 464 313 2,832 2,815 2,270 2,237 561 577 571 1,392 (4.3%) (9.8%) 351 825 119 233 1,421 1,646 (10.8%) (11.7%) 213 294 1,207 1,352 4,113 2,268 (31.1%) (16.0%) 4,056 2,185 1,836 1,779 (13.9%) (12.6%) 457 255 243 360 1,121 1,145 616 66
Slide 5: Loan transactions and margin
1 1Q 3Q 13 3 14 3 3Q 3Q 4,656 6,396 37.4% 2013 3 4,629 1,770 0.77% 1,174 2,863 143.9% 2,722 39 464 313 32.6% 2,832 2,815 0.6% 2,270 2,237 1.5% 2012 3 1,906 1,730 0.77% 561 577 2.8% 6,000 2.0% 2013 3Q 4,629 5,000 1,770 2012 4,000 2,141 1,830 0.77% 3,000 1.0% 2,000 1,000 0 0.0% 4 5 6 7 8 9 10 11 1
Slide 6: Operating expenses
2 1Q 3Q 13 3 14 3 3Q 3Q 4,056 2,185 1,870 1,121 1,145 24 3 1Q,3Q 1 11 102 150 315 237 2 Japan Securities Finance Co.,Ltd 6
Slide 7: Extraordinary items
4 2Q 13 3 14 3 3Q 3Q 136 4,409 4,273 ― 4,409 4,409 5 3Q 3 13 3 14 3 3Q 3Q 119 498 379 ― 323 323 ― 110 110 Japan Securities Finance Co.,Ltd 7
Slide 8: Group company results
100% 100% 20.0% 20.8% JSFIT 2014 3 3 14,142 2,205 5,555 987 - 11,725 1,657 5,195 732 100% 1,780 161 133 32 100% 957 405 246 213 - 92 181 Japan Securities Finance Co.,Ltd 8
Slide 9: Consolidated financial results
13 3 14 3 3Q 3Q 1,936 1,780 156 243 360 117 1,931 1,618 313 470 2 468 4 161 156 32 133 166 23,255 24,777 1,521 749,198 733,795 15,402 36.47 57.04% Japan Securities Finance Co.,Ltd 9
Slide 10: Earnings forecast
2014 3 2013 2014 3 ( ) 2013 3 3,700 2,600 3,200 6,200 600 1,777 +700 +800 +800 2,000 2,400 5,700 喰 1,025 +600 +600 +600 1,200 230 200 ― 95 190 160 4,900 1,800 440 480 285 +200 +100 262 15 5 5 2013 3Q 3,399 540 喰 1,230 0.77 0% 0.40 4,629 1,770 Japan Securities Finance Co.,Ltd 10
Slide 11: Slide 11
Slide 12: Dividends and per-share data
40 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 60.2 - - 36.5% 37.1% 166.3% 73.3% 23.2% 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 55.4 52.3% 70.7% 51.9% 80.7% 106.0% 127.1% 25.3% Japan
Slide 13: Income statement trends
13 3 14 3 09 3 10 3 11 3 12 3 13 3 3Q 3Q 34,427 20,817 17,558 15,186 10,762 14,093 11,703 19,638 12,954 8,922 6,756 4,656 6,625 6,396 (44.3%) (46.5%) (39.0%) (33.4%) (35.2%) (37.5%) (45.2%) 3,899 3,324 2,809 1,783 1,174 1,760 2,863 1,992 1,774 826 639 464 652 313 13,278 7,337 4,807 3,957 2,832 3,746
Slide 14: Balance sheet trends
2008 2009 2010 2011 2012 2012 2013 3Q 3Q 336,324 324,205 293,429 218,059 190,659 214,164 462,923 244,306 328,755 305,083 241,035 185,293 502,322 525,223 51,887 46,863 45,850 50,893 57,952 55,865 145,647 53,141 51,448 39,782 96,488 40,606 122,011 174,191 14,282 17,173 18,405 20,330 17,740 18,472 34,9
Slide 15: Financial indicator charts
6.0 60% 5.0 50% 4.0 40% 3.0 30% 2.0 20% 1.0 10% 0.0 0% 03 04 05 06 07 08 09 10 11 12 13 1.6 100% 1.4 90% 80% 1.2 70% 1.0 60% 0.8 50% 0.6 40% 30% 0.4 20% 0.2 10% 0.0 0% 03 04 05 06 07 08 09 10 11 12 13 Japan Securities Finance Co.,Ltd 15
Slide 16: Securities lending and borrowing balances
( ) ( 2 ) 遡 遡 2013 3 4,175,537 3,433,456 742,081 2013 12 4,439,230 3,690,711 748,518 Japan Securities Finance Co.,Ltd 16
Slide 17: Funding and balances
13 12 13 12 20,000 1,069,800 728,914 349,640 301,031 1 1,120,250 1,093,204 765,418 1 3,000 126,759 Japan Securities Finance Co.,Ltd 17
Slide 18: Financial data charts
10 2,000 (2.68) 12 12 13 3 13 12 1,371,132 1,050,772 1,026,797 1,500 1 877,116 650,205 301,031 494 1,000 (1.28) 1 494,015 400,567 725,766 ( 15 ) 153,196 151,912 150,476 (1.16) 401 726 500 4,769 6,783 7,155 877 650 ( ) (1.16) (1.28) (2.68) 301 - 12 12 13 3 13 12 10 500 12 12 13 3 13 12 251,691 172,96
Slide 19: Japan Securities Finance Co.,Ltd
喰 Japan Securities Finance Co.,Ltd 19
Slide 20: Interest rate trends
2006 7 O/N 0.25% 2007 2 O/N 0.50% 2008 10 O/N 0.30% 0.20% 0.77% 0.40% 2008 12 O/N 0.10% 0.20% 2010 10 O/N 0 0.10% 0.10 0% 2013 4 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% 2010 11 22
Slide 21: Discount rate history
10.0% 9.0% 8.75% 8.0% 鞘 7.0% 6.0% 5.00% 5.0% 1993 9 2010 11 4.0% 3.75% 3.0% 2009 1 2002 5 2.0% 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 13 Japan Securities Finance Co.,Ltd 21
Slide 22: Share buybacks and shares outstanding
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 01 107,509 5,965 110,000 1.2 02 101,810 5,699 1.0 03 99,704 2,106 04 99,704 100,000 0.8 05 99,704
Slide 23: Japan Securities Finance Co.,Ltd
2012 2014 Japan Securities Finance Co.,Ltd 23
Slide 24: Assets and liabilities breakdown
13 3 13 9 13 12 13 3 13 9 13 12 172,968 375,273 407,410 23,386 29.4% 20,828 31.7% 17,011 26.2% 99,285 20,001 25,178 0 0.0% 0 0.0% 0 0.0% 73,682 355,272 382,231 288 0.4% 240 0.4% 240 0.4% 80,188 80,524 83,474 692 0.9% 468 0.7% 367 0.6% 159,200 152,318 148,226 0 0.0% 0 0.0% 0 0.0% 4 4 4 2,099 2.6% 640
Slide 25: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 25
Slide 26: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 26
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