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

Japan Securities Finance — Q2 FY2012 Earnings Presentation

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

  1. Slide 1: 2013 , 2012

    2013 3 , 2012 11 14 2

  2. Slide 2: Slide 2

  3. Slide 3: Summary of results

    12 3 13 3 12 3 13 3 2Q 2Q 2Q 2Q 894 2,793 8,136 7,242 ( 11.0%) 11,476 8,682 ( 24.3%) 935 2,835 6,615 5,679 9,955 7,120 ( 14.1%) ( 28.5%) 4,314 3,771 542 5,128 4,190 937 2,880 3,029 148 3,588 3,624 36 499 1,892 941 441 ( 53.1%) 2,759 867 68.6% 88 30 58 504 1,749 1,160 656 ( 43.4%) 2,795 1,045 62.6% 1

  4. Slide 4: Income statement

    12 3 13 3 2Q 2Q 8,079 7,211 3,449 3,157 (30.1%) (36.4%) 1,006 838 309 257 1,942 1,907 1,520 1,562 421 344 407 386 (3.5%) (4.5%) 246 238 90 82 836 991 (7.3%) (11.4%) 109 119 726 871 3,385 2,675 (29.5%) (30.8%) 3,348 2,638 2,985 1,063 (26.0%) (12.2%) 406 311 152 157 2,399 584 411 407 (3.6%) (4.7%) 11,

  5. Slide 5: Revenue and interest rate trends

    1 12 3 13 3 2Q 2Q 3,449 3,157 2012 2,057 1,590 0.77% 0.00 0.10% 1,006 838 309 257 1,942 1,907 1,520 1,562 2011 2,474 1,916 0.77% 0.00 0.10% 421 344 5,000 2.5% 2011 2012  2,474 2,057 4,000 2.0% 1,916 1,590 3,000 1.5% 2,000 1.0% 0.77% 1,000 0.5% 0 0.0% 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 Japan

  6. Slide 6: Profit overview

    2   CDO 12 3 13 3 2Q 2Q 11,476 8,682 3,348 2,638 2,399 584 Japan Securities Finance Co.,Ltd 6

  7. Slide 7: Group company results

    100% 100% 20.0% 20.8% JBIS JSFIT 2013 3 2 8,682 1,045 740 2,256 - 7,242 656 456 710 100% 1,192 297 280 1,644 100% 582 228 139 95 - Japan Securities Finance Co.,Ltd 7

  8. Slide 8: Results by business

    12 3 13 3 2Q 2Q 2,988 1,192 1,796 152 157 5 1,645 297 1,347 1,644 280 1,364 30.11 35.37    Japan Securities Finance Co.,Ltd 8

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

    喰  Japan Securities Finance Co.,Ltd 9

  10. Slide 10: Forecast

    2013 3 2012 2013 3 ( ) 2012 3 900 1,500 1,700 1,200 700 779 +100 0 0 800 1,000 700 喰 1,229 +100 +100 +100 1,100 320 300 ― 1,540 + 20 + 40 2,000 1,800 370 400 240 207 +10 + 10 0 2012 1,135 668 喰 922 0.77 0% 0.40 2,057 1,590 Japan Securities Finance Co.,Ltd 10

  11. Slide 11: Slide 11

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

    Japan Securities Finance Co.,Ltd 12

  13. Slide 13: Long-term trend charts

    9 90% 8 80% 7 70% 6 60% 5 50% 4 40% 3 30% 2 20% 1 10% 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 2.0 100% 1.8 90% 1.6 80% 1.4 70% 1.2 60% 1.0 50% 0.8 40% 0.6 30% 0.4 20% 0.2 10% 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 Jap

  14. Slide 14: Balances

    Web 25 1 HP IR 2013 2,000 1,750 1,683 1,682 1,645 1,657 1,619 1,623 (86) (93) (101) (103) (108) (111) 1,500 [10] [10] [10] 1,250 1,000 10 3 10 9 11 3 11 9 12 3 12 9 Japan Securities Finance Co.,Ltd 14

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

    Japan Securities Finance Co.,Ltd 15

  16. Slide 16: Lending and funding balances

    10 3,000 11 9 12 3 12 9 2,500 975 2,702,225 2,094,731 1,681,442 2,000 776 1 1,727,065 1,318,655 946,967 (1.19) 1,500 (1.13) 1 975,160 776,076 734,475 (0.96) 734 ( 15 ) 156,760 152,747 152,898 1,000 4,468 5,016 5,042 1,727 1,319 500 947 ( ) (0.96) (1.19) (1.13) - 11 9 12 3 12 9 11 9 12 3 12 9 10 488,

  17. Slide 17: Evergreen

    2 Evergreen 1 Japan Securities Finance Co.,Ltd 17

  18. Slide 18: Dividends and results history

     40 2013 3 14 7 7 2007 2008 2009 2010 2011 2012 26 20 14 14 14 14 13 10 7 7 7 7 13 10 7 7 7 7 13.1 80.3 38.6 37.7 8.4 12.9 - - 36.3% 37.1% 166.3% 108.5% DOE 2.1% 1.7% 1.2% 1.2% 1.2% 1.2% 49.7 28.3 27.0 17.3 13.2 7.5 52.3% 70.7% 51.9% 80.7% 106.0% 186.1% Japan Securities Finance Co.,Ltd 18

  19. Slide 19: Japan Securities Finance Co.,Ltd

    Japan Securities Finance Co.,Ltd 19

  20. Slide 20: Slide 20

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

    2012 2014 Japan Securities Finance Co.,Ltd 21

  22. Slide 22: Income statement history

    12 3 13 3 08 3 09 3 10 3 11 3 12 3 2Q 2Q 38,619 34,427 20,817 17,558 8,079 15,186 7,211 23,156 19,638 12,954 8,922 3,449 6,756 3,157 (45.8%) (44.3%) (46.5%) (39.0%) (30.1%) (33.4%) (36.4%) 10,581 3,899 3,324 2,809 1,006 1,783 838 1,683 1,992 1,774 826 309 639 257 10,383 13,278 7,337 4,807 1,942 3,95

  23. Slide 23: Balance sheet history

    2007 2008 2009 2010 2011 2011 2012 2Q 2Q 917,219 336,324 324,205 293,429 247,465 218,059 205,739 508,587 244,306 328,755 305,083 237,766 241,035 172,283 76,941 51,887 46,863 45,850 45,922 50,893 58,353 68,594 53,141 51,448 39,782 90,457 96,488 94,304 34,374 14,282 17,173 18,405 19,369 20,330 18,229

  24. Slide 24: Japan Securities Finance Co.,Ltd

    12 9 12 9  296,087  887,200  946,967 1  968,942  815,432  737,130 1  2,000 109,653 Japan Securities Finance Co.,Ltd 24

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

    12 9 12 9 398,482 859,394 172,283 203,884 967,917 124,459 ( ) ( ) 316,240 172,283 203,884 218,577 110,000 124,621 2,877 92,000 2,000 877 93,020 21,277 412,138 412,138 Japan Securities Finance Co.,Ltd 25

  26. Slide 26: Shares and treasury stock

    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 2,106 100,000 0.8 04

  27. Slide 27: 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

  28. Slide 28: Interest rate history

    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 28

  29. Slide 29: Credit ratings

    JCR R&I Standard & Poor’s 2012 9 30 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 29

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

    Japan Securities Finance Co.,Ltd 30

  31. Slide 31: Assets and funding breakdown

    11 9 12 3 12 9 11 9 12 3 12 9 488,822 407,669 346,931 32,404 36.2% 31,859 32.1% 31,047 30.1% 428,939 327,732 266,998 0 0.0% 0 0.0% 0 0.0% 59,882 79,937 79,933 432 0.5% 384 0.4% 336 0.3% 187,486 158,248 146,615 2,087 2.3% 1,850 1.9% 1,618 1.6% 284,050 224,458 237,303 0 0.0% 0 0.0% 0 0.0% 4 4 4 700 0.

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

    Japan Securities Finance Co.,Ltd 32

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

    Japan Securities Finance Co.,Ltd 33

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