Mitsubishi HC Capital Inc. · TSE:8593
Mitsubishi HC Capital — Hitachi Capital — FY2013 Earnings Presentation
14 slides from Mitsubishi HC Capital's earnings presentation, Apr 24, 2014
Slide 1: Consolidated Financial Results Summary for the Year Ended March 31, 2014
Consolidated Financial Results Summary for the Year Ended March 31, 2014 April 24, 2014 © Hitachi Capital Corporation 2014. All rights reserved.
Slide 2: Full-Year Earnings Summary (Results)
Full-Year Earnings Summary (Results) FY2012 FY2013 （Millions of Yen, %) Result Result Y on Y Change Revenues 103,304 127,979 124 Expenses 77,683 95,380 123 (of which SG&A expenses) 61,335 75,244 123 (of which financing costs) 16,347 20,135 123 Operating income 25,620 32,598 127 Non-operating income
Slide 3: Changing Factors of FY2013 Ordinary Income
Changing Factors of FY2013 Ordinary Income ④ ⑤ ③ ⑥ ② ⑦ Amortization Decrease of goodwill increase in ⑧ Effect of in bad-debt Smart ▲1.0 consumer ① expense Transform tax Decrease of +0.4 ation ▲0.6 Non-operating income Increase Project in financing Effect of +1.3 ▲0.7 cost Exchange rate changes ▲1.7
Slide 4: Details of Expenses
Details of Expenses (Millions of Yen, %) FY2012 FY2013 Result Result Y on Y Change Expenses 77,683 95,380 123 SG&A expenses 61,335 75,244 123 Personnel expenses 36,127 42,359 117 Business management expenses, etc. 22,505 29,736 132 Provision for allowance for losses on receivables and loan 2,702 3,1
Slide 5: (Reference) Credit Loss by Geographical Segment
(Reference) Credit Loss by Geographical Segment （Millions of Yen） FY2012 FY2013 Result Result Y on Y Change Credit loss 4,679 3,638 ▲1,041 Credit loss ratio 0.18 0.12 ▲0.06 Credit loss 2,164 1,349 ▲814 Japan Credit loss ratio (%) 0.11 0.06 ▲0.04 Europe Credit loss 1,672 1,031 ▲640 and U.S. Credit lo
Slide 6: Balance Sheets
Balance Sheets （Billions of Yen） As of Mar.31, As of Mar.31, 2014 vs Mar. 31, 2013 2014 vs Mar. 31, 2013 Total current assets 1,975.5 +485.8 Total current liabilities 1,062.8 +251.3 Cash on hand and at bank 31.0 +8.4 Trade payables 276.3 +20.1 Parent company deposit Bank loans and commercial 117.6 +
Slide 7: Details of Total Accounts Receivable
Details of Total Accounts Receivable （ Millions of Yen, ％ ） FY2012 FY2013 Result Result Y on Y Change Total Accounts Receivable 2,662,030 3,052,877 115 Japan (Consolidated) 2,016,198 2,153,114 107 Financial Services 1,239,880 1,476,719 119 Commission Services 684,094 583,085 85 Supply and Sales Serv
Slide 8: Details of Revenues
Details of Revenues （ Millions of Yen, ％ ） FY2012 FY2013 Result Result Y on Y Change Total Revenues 103,304 127,979 124 Japan (Consolidated) 62,690 71,952 115 Financial Services 38,344 47,818 125 Commission Services 16,011 15,294 96 Supply and Sales Services 11,731 11,673 100 Overseas (Consolidated)
Slide 9: Details of Segment Income
Details of Segment Income （ Millions of Yen, ％ ） FY2012 FY2013 Result Result Y on Y Change Total Segment Income 25,620 32,598 127 Japan (Consolidated) 17,081 21,684 127 Financial Services 11,947 17,114 143 Commission Services 1,698 1,454 86 Supply and Sales Services 3,435 3,115 91 Overseas (Consolid
Slide 10: FY2013 Full-Year Earnings Projection
FY2013 Full-Year Earnings Projection （Millions of Yen, ％） FY2013 FY2014 Result Projection Y on Y Change Revenues 127,979 137,800 108 Expenses 95,380 104,700 110 (of which SG&A expenses) 75,244 79,700 106 (of which financing costs) 20,135 25,000 124 Operating income 32,598 33,100 102 Non-operating in
Slide 11: Changing Factors of FY2014 Ordinary Income
Changing Factors of FY2014 Ordinary Income ② ③ ① ④ Effect of Smart Prior ⑤ Transformation investment of Project Smart +1.4 Increase Transformation in Scale down of Project bad-debt consumer ▲1.9 expense business Business ▲0.6 ▲0.6 Expansion +2.1 33.6 34.0 (Billions of Yen) FY2013 Results FY2014 Proj
Slide 12: (Reference) Ordinary Income, Dividends
（Reference） Ordinary Income, Dividends Ordinary Income Dividends per share (yen) ¥48 ¥33.6 Billion ¥46 ¥32.0 Billion ¥38 ¥27.4 Billion ¥23 ¥25 （+¥2） Year ¥20 Ended ¥23 ¥23 First Half ¥18 Ended FY2012 FY2013 FY2012 FY2013 （Result） （Forecast） （Result） （Result） （Forecast） （Plan） © Hitachi Capital Corpo
Slide 13: (Reference) New Target for the Growth Stage
(Reference) New Target for the Growth Stage Transform into “high-profit enterprise” to achieve sustainable growth FY2013 FY2014 FY2015 （Result） （Outlook） （Target） ＲＯＥ 7.8％ 7.8％ ≧ 8％ Ordinary ¥33.6 Billion ¥34.0 Billion ¥38.0 Billion ↑ ↑ ↑ income ¥28.0 Billion (Initial Plan) ¥30.5 Billion (Initial Pl
Slide 14: Forward-looking statements note
http://www.hitachi-capital.co.jp/ Note: This document contains forward-looking statements with respect to future results, performance and achievements that are subject to risk and uncertainties and reflect management’s views and assumptions formed using information available at the time. Accordingly