Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — IBJ Leasing — Q3 FY2014 Earnings Presentation
8 slides from Mizuho Leasing's earnings presentation, Feb 5, 2015
Slide 1: Overview of Financial Results: Third-Quarter Results for FY2014
Overview of Financial Results Overview Third-Quarter Results for FY2014 February 5, 2015 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
Slide 2: Consolidated P/L
Consolidated P/L 3Q results exceeded 75% of full-year forecasts, putting us on track to achieve our targets The steady increase in operating assets lifted the top line, and lessened the impact of the decline in interest rates There was once again a credit cost reversal, as credit costs were ke
Slide 3: Sales
Sales Contract execution volume increased 14% y-o-y as customer cultivation and tie-up sales contributed - Leasing and installment sales increased 8% y-o-y, while Financing grew 19% y-o-y The balance of operating assets grew steadily, up 2% versus March 31, 2014, and up 6% y-o-y - On target to r
Slide 4: Leasing and Installment Sales
Leasing and Installment Sales Despite the lingering impact of the consumption tax rate hike on the market overall, contract execution volume increased 8% y-o-y - In Industrial and factory equipment, we captured large-scale investment by major manufactures, while other equipment projects were also
Slide 5: Financing
Financing The increase in both Factoring and Specialized Finance, etc. led to the rise in both contract execution volume and the overall balance of operating assets In Specialized Finance, etc., we proactively captured highly-profitable projects, while staying diversified in areas such as aircra
Slide 6: Profitability
Profitability While there was a decline in gross profit before write-offs and funding costs, the increase in operating assets offset the impact of the decline in yield - In Financing, profit was roughly flat y-o-y, while the decline in profit in Leasing and Installment sales narrowed Gross profi
Slide 7: Interest-bearing Debt and Net Assets
Interest-bearing Debt and Net Assets Despite the increase in interest-bearing debt in conjunction with the growth in operating assets, funding costs fell due to the shift to market funding - Market ratio: Increased 3pt. versus March 31, 2014, to 42%. Funding costs fell ¥0.2 billion to ¥4.7 billion
Slide 8: Full Year Forecast
Full Year Forecast We will steadily promote basic strategies to achieve our targets for this fiscal year, and continue to focus on accumulating superior assets with the aim of realizing continued growth next fiscal year and beyond The year-end dividend of ¥28 per share (plan), combined with the