Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — IBJ Leasing — H1 FY2014 Earnings Presentation
8 slides from Mizuho Leasing's earnings presentation, Nov 6, 2014
Slide 1: Overview of Financial Results: First-Half Results for FY2014
Overview of Financial Results Overview First-Half Results for FY2014 November 6, 2014 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 ma
Slide 2: Consolidated P/L
Consolidated P/L 1H results exceeded 50% of full-year forecasts The top line dropped slightly, but basic strategies of the Mid-term Management Plan were steadily promoted and operating assets were expanded There was a ¥0.6 billion credit cost reversal as credit costs were kept low Percentage C
Slide 3: Sales
Sales Contract execution volume increased 7% y-o-y overall as both leasing and installment sales and financing grew - Leasing and installment sales increased 5% y-o-y, while financing grew 9% y-o-y The balance of operating assets inched down 1% versus March 31, 2014, but rose 5% y-o-y Contract e
Slide 4: Leasing and Installment Sales
Leasing and Installment Sales We further increased performance from 1Q, and contract execution volume increased 5% y-o-y - Industrial and factory equipment execution volume recovered significantly, increasing 53% y-o-y in 2Q (July-Sep) - Domestic-related demand remained firm, as medical equipment
Slide 5: Financing
Financing Contract execution volume rose 9% y-o-y due to the increase in both Specialized Finance, etc. and Factoring The balance of operating assets was down 4% versus March 31, 2014 - Specialized Finance, etc. declined due to the payoff of large projects, while aircraft financing and overseas
Slide 6: P/L Overview
P/L Overview The increase in operating assets partially absorbed the impact of the decline in yields, but there was a drop in gross profit before write-offs and funding costs Funding costs maintained a flat trajectory due to the decline in the CoF ratio The flow base spread continued to improv
Slide 7: Interest-bearing Debt and Net Assets
Interest-bearing Debt and Net Assets Funding costs were low and stable due to the continued issuance of CP and corporate bonds, as well as the revision of the funding mix, etc. - Market ratio: Maintained around 40%, issued our first-ever 5-year bonds in our 4th issuance of corporate bonds Net as
Slide 8: Full Year Forecast
Full Year Forecast We expect the modest recovery trend in personal consumption and capital investment to continue in the fiscal second half We will steadily promote basic strategies aimed at achieving targets in first year of Mid-term Management Plan We passed a resolution to pay interim divid