Mitsubishi Hc Capital Inc. · TSE:8593
Mitsubishi Hc Capital — Q1 FY2025 Earnings Presentation
43 slides from Mitsubishi Hc Capital's earnings presentation, Aug 8, 2025
Slide 1: 1Q FY2025 Consolidated Financial Results Presentation
1Q FY2025 Consolidated Financial Results Presentation (For three months ended June 30, 2025) Mitsubishi HC Capital Inc. August 8, 2025
Slide 2: Legal disclaimer
Legal disclaimer ⚫ This presentation contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions, and other overall management of Mitsubishi HC Capital Inc. and/or its group companies. ⚫ These forward-looking
Slide 3: Highlights
Highlights Net income Comments Net income increased by ¥18.0 billion YoY thanks mainly to an 1Q FY2025 YoY increase in asset-related gain in the Real Estate segment, the result (%) strong business performance in the Logistics and Aviation segments, and positive effects of the changes in the fiscal p
Slide 4: Index
Index 01｜1Q FY2025 consolidated financial results 02｜Segment updates 03｜FY2025 consolidated financial forecast 04｜Reference information 3
Slide 5: 1Q FY2025 consolidated financial results
01｜1Q FY2025 consolidated financial results 02｜Segment updates 03｜FY2025 consolidated financial forecast 04｜Reference information 左矢印付きの円単色塗りつぶし Back to Index Back to Index
Slide 6: 1Q FY2025 consolidated financial results
1Q FY2025 consolidated financial results (a) (b) (c) = (b) - (a) (d) = (c) (a) (e) Major factors for changes YoY 1Q FY2024 1Q FY2025 Change Change 1 Income gain Change (excl. impact of (¥ in billions) (%) FX rates*) ✓ Increased thanks mainly to the strong performance of the Logistics and Aviation
Slide 7: Increase/Decrease factors in net income
Increase/Decrease factors in net income Increase/Decrease in net income*1 Major factors for changes*3 (+: positive effect on net income, -: negative effect on net income) (+: positive effect on net income, -: negative effect on net income) (¥ in billions) 2 1 1 Income gain +7.6 ✓ Logistics +¥11.4bn
Slide 8: Change in income gain and asset-related gain/loss
Change in income gain and asset-related gain/loss ✓ We are implementing management based on asset turnover, through which we aim to consistently enjoy income gain and capital gain. ✓ In addition to steadily increasing income gain as the revenue base, we are also realizing capital gains by replacing
Slide 9: Effects of the changes of the fiscal periods of consolidated subsidiaries
Effects of the changes of the fiscal periods of consolidated subsidiaries ✓ Since FY2025, the fiscal year-ends of elfc, CAI, and PNW, subsidiaries of the Aviation and Logistics segments, have been changed from December to March. ✓ Accordingly, the fiscal period for 1Q FY2025 was changed to the six m
Slide 10: Segment updates
01｜1Q FY2025 consolidated financial results 02｜Segment updates 03｜FY2025 consolidated financial forecast 04｜Reference information 左矢印付きの円単色塗りつぶし Back to Index Back to Index
Slide 11: Increase/Decrease factors in segment profit
Increase/Decrease factors in segment profit Increase/Decrease in segment profit (¥ in billions) Segment profit 57.2 1Q 1Q YoY Major factors for changes in segment profit (¥ in billions) FY2024 FY2025 【 + 】 An increase in income gain 9.0 Customer 10.3 9.0 -1.2 【 - 】 An absence of gains on the sale of
Slide 12: Customer Solutions
Customer Solutions Increase/Decrease in segment profit (+: positive effect on net income, -: negative effect on net income) Comments (¥ in billions) Positive factors Negative factors ◼ Income gain increased YoY thanks mainly to an increase in highly profitable assets, despite the negative effects of
Slide 13: Global Customer Business (1)
Global Customer Business*1 (1) Increase/Decrease in segment profit (+: positive effect on net income, -: negative effect on net income) Comments (¥ in billions) Positive factors Negative factors ◼ Income gain decreased YoY due to the impact of FX rates. However, it +0.6 practically increased YoY exc
Slide 14: Global Customer Business (2)
Global Customer Business (2) Major figures Excl. impact of Excl. impact of 1Q 1Q FX rates 1Q 1Q FX rates (¥ in billions) FY2024 FY2025 YoY 1Q FY2025 YoY FY2024 FY2025 YoY 1Q FY2025 YoY Europe (MHCUK) China Income gain 18.1 19.5 +1.3 19.8 +1.6 Income gain 1.5 0.9 -0.5 1.0 -0.4 Credit costs 1.7 2.2 +0
Slide 15: Global Customer Business (3)
Global Customer Business (3) Market conditions in the transportation sector in the Americas Change in quarterly credit costs in the Americas ✓ Improvement of the supply-demand balance is still slow. The market (¥ in billions) Credit costs for large-lot customers Other credit costs External 9.2 9.3 c
Slide 16: Environment & Energy (1)
Environment & Energy (1) Increase/Decrease in segment profit (+: positive effect on net income, -: negative effect on net income) Comments (¥ in billions) Positive factors Negative factors ◼ Income gain decreased YoY mainly due to an absence of revenues gained from the sale of specific projects in J
Slide 17: Environment & Energy (2)
Environment & Energy (2) Power generation capacity in operation corresponding to MHC’s stake in Change in power generation capacity corresponding to MHC’s stake in renewable energy business renewable energy business End of 1Q Vs. end of Execute projects under development in a End of FY2024 (MW) FY20
Slide 18: Aviation (1)
Aviation (1) Increase/Decrease in segment profit (+: positive effect on net income, -: negative effect on net income) Comments (¥ in billions) Positive factors Negative factors ◼ Income gain increased YoY thanks mainly to an increase in leasing revenues +9.9 resulting from the accumulation of new tr
Slide 19: Aviation (2)
Aviation (2) Owned aviation-related assets Change in the number of owned aircraft*1 End of 1Q Vs. end of End of FY2024 FY2025 FY2024 Number of aircraft (JSA) 334 324 -10 Owned aircraft*1 248 241 -7 Aircraft purchased/sold 42/18 3/10 - 86 83 -3 248 248機 241 241機 Aircraft to be delivered 204 224 224機
Slide 20: Logistics (1)
Logistics (1) Increase/Decrease in segment profit (+: positive effect on net income, -: negative effect on net income) Comments (¥ in billions) Positive factors Negative factors ◼ Income gain increased YoY thanks mainly to the effects of the changes of CAI’s +1.2 and PNW’s fiscal periods in addition
Slide 21: Logistics (2)
Logistics (2) Owned logistics-related assets Change in the number of railcars End of 1Q Vs. end of End of FY2024 FY2025 FY2024 Marine container fleet 3,726 3,763 +36 (1,000 TEUs*1) 21,818 22,654 21,931 21,850 21,660 Marine container fleet 3,798 3,842 +44 (1,000 CEUs*2) Number of railcars 21,850 21,6
Slide 22: Real estate (1)
Real estate (1) Increase/Decrease in segment profit (+: positive effect on net income, -: negative effect on net income) Comments (¥ in billions) Positive factors Negative factors ◼ Income gain decreased YoY mainly due to the impact of the sale of Miyuki +1.5 Building. +8.7 0.0 0.0 0.0 ◼ Asset-relat
Slide 23: Real estate (2)
Real estate (2) Segment assets in real estate by region (end of 1Q FY2025) Domestic segment assets by asset type (end of 1Q FY2025) Other than the Goodwill, etc. Other U.S. 0.5% 3.0 % U.S. Commercial 2.7% 4.6% facilities 7.2% Other 9.3% Residences 8.7% Offices Nagoya metropolitan Domestic ¥535.0bn (
Slide 24: Mobility
Mobility Increase/Decrease in segment profit (+: positive effect on net income, -: negative effect on net income) Comments (¥ in billions) Positive factors Negative factors ◼ Income gain increased YoY thanks mainly to an increase in gains on sales of +0.2 0.0 0.0 0.0 0.0 vehicles whose lease terms e
Slide 25: FY2025 consolidated financial forecast
01｜1Q FY2025 consolidated financial results 02｜Segment updates 03｜FY2025 consolidated financial forecast 04｜Reference information 左矢印付きの円単色塗りつぶし Back to Index Back to Index
Slide 26: FY2025 consolidated financial forecast
FY2025 consolidated financial forecast ✓ Net income for 1Q FY2025 reached 35.8% of the full-year forecast (¥160.0 billion yen) thanks to the positive effects of changes in the fiscal periods of consolidated subsidiaries, which had already been factored into the initial plan. However, as the results
Slide 27: Increase/Decrease factors in net income (YoY forecast) for FY2025
[Reposted] Increase/Decrease factors in net income (YoY forecast) for FY2025 ✓ This page is a repost of the FY2025 forecast announced in May 2025, with the addition of the forecasted impact of FX rates before adjustments in the bottom-left table. Increase/Decrease in net income (+: positive effect o
Slide 28: Effects of U.S. tariff measures on our business performance
Effects of U.S. tariff measures on our business performance ✓ Direct effects of U.S. tariff measures are limited as our Group is not engaged in import and export transactions. ✓ However, if the tariff measures are maintained at levels that negatively impact the global economy in the long term, indir
Slide 29: Changes in major figures
Changes in major figures 8.8% 9.1% 8.9% 8.8% ROE* 8.0% 8.0% 8.2% 7.8% 7.3% 7.7% 1.4% 1.2% 1.1% 1.1% 1.1% 1.0% 1.0% 1.0% 1.0% ROA* 0.9% 160.0 Net 123.8 135.1 income* 116.2 95.7 101.4 99.4 (¥ in billions) 86.0 88.1 87.3 FY2016 FY2016 FY2018 FY2017 FY2018 FY2018 FY2019 FY2019 FY2020 FY2020 FY2021 FY202
Slide 30: Change in dividend
Change in dividend 57.4% 42.5% 41.1% 40.4% 40.8% 42.9% 40.4% Payout 31.5% 30.4% ratio* 25.2% 20.7% 21.8% 17.4% 15.5% 16.0% 18.9% 19.2% 20.0% 11.1% 45.0 40.0 37.0 Dividend per share* 33.0 (¥) 25.5 28.0 23.5 25.0 18.0 12.3 13.0 8.0 9.5 4.6 4.8 5.0 6.0 6.5 4.2 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012
Slide 31: Reference information
01｜1Q FY2025 consolidated financial results 02｜Segment updates 03｜FY2025 consolidated financial forecast 04｜Reference information 左矢印付きの円単色塗りつぶし Back to Index Back to Index
Slide 32: Major business topics in 1Q FY2025
Major business topics in 1Q FY2025 : Evolution and layering of business models : Frameworks to promote transformation : Key themes across segments April 2025 ✓ MHC announced the launch of a J-Credit* generation business based on the CO2 reduction project introducing solar power generation equipment
Slide 33: Segment profit (1) (by quarter)
Segment profit (1) (by quarter) FY2024 FY2025 (¥ in billions) 1Q 2Q 3Q 4Q Total 1Q YoY 1 Income gain 27.0 26.0 26.7 31.2 111.2 28.7 +1.6 2 Customer Asset-related gain/loss 0.7 0.2 0.6 0.5 2.2 1.3 +0.5 3 Solutions Recurring income 11.7 7.3 10.7 15.9 45.8 13.1 +1.3 4 Segment profit 10.3 5.2 7.5 13.6 3
Slide 34: Segment profit (2) (by quarter)
Segment profit (2) (by quarter) FY2024 FY2025 (¥ in billions) 1Q 2Q 3Q 4Q Total 1Q YoY 17 Income gain 8.9 9.4 9.7 9.5 37.6 20.3 +11.4 18 Asset-related gain/loss 2.0 1.3 0.5 0.9 4.9 3.3 +1.2 Logistics 19 Recurring income 7.6 7.7 7.7 7.8 30.9 17.8 +10.1 20 Segment profit 5.6 6.0 5.9 5.6 23.2 13.5 +7.9
Slide 35: Asset-related gain/loss (by quarter)
Asset-related gain/loss (by quarter) FY2024* FY2025* (¥ in billions) 1Q 2Q 3Q 4Q Total 1Q YoY 1 Customer Solutions 0.7 0.2 0.6 0.5 2.2 1.3 +0.5 2 Gain/Loss on sales 0.7 0.2 0.6 0.5 2.2 1.3 +0.5 3 Impairment losses, etc. - - - - - - - 4 Environment & Energy 0.0 -4.0 0.0 4.0 0.0 - 0 5 Gain/Loss on sal
Slide 36: Notes by segment (excluding asset-related gain/loss)
Notes by segment (excluding asset-related gain/loss) FY2024* FY2025* 1Q: 【+】 Gains on sales of shares of subsidiaries and affiliates, etc.: approx. ¥3.0 billion Customer 1 2Q: 【 - 】 Large credit costs in an individual transaction: approx. ¥1.0 billion Solutions 4Q: 【+】 Gains on sales of shares of st
Slide 37: Segment assets
Segment assets (¥ in billions) End of FY2023 End of FY2024 End of 1Q FY2025 Vs. end of FY2024 1 Customer Solutions 2,966.5 3,004.5 2,969.6 -34.9 2 Percentage of total 29.1% 27.5% 27.7% +0.2pt 3 Global Customer Business 3,070.8 3,074.9 3,083.6 +8.7 4 Percentage of total 30.2% 28.1% 28.7% +0.6pt 5 Env
Slide 38: New transactions volume by segment
New transactions volume by segment (¥ in billions) 1Q FY2023 1Q FY2024 1Q FY2025 YoY change YoY change (%) 1 Customer Solutions 232.9 220.2 209.9 -10.3 -4.7% 2 Global Customer Business 355.5 370.4 379.3 +8.8 +2.4% 3 Europe 177.7 229.5 265.5 +35.9 +15.7% 4 Americas 139.5 101.9 85.2 -16.6 -16.4% 5 Chi
Slide 39: Credit costs by segment
Credit costs by segment (¥ in billions) 1Q FY2023 1Q FY2024 1Q FY2025 YoY change YoY change (%) 1 Customer Solutions 0.2 0.1 0.7 +0.5 +346.4% 2 Global Customer Business 3.4 6.2 7.9 +1.6 +26.7% 3 Europe 1.1 1.7 2.2 +0.4 +28.5% 4 Americas 2.0 3.9 3.6 -0.3 -7.7% 5 China 0.7 0.3 0.6 +0.2 +52.7% 6 ASEAN
Slide 40: Financial performance: profit and loss statement
Financial performance: profit and loss statement (¥ in millions) 1Q FY2023 1Q FY2024 1Q FY2025 YoY change YoY change (%) 1 Revenues 476,814 529,891 584,500 +54,609 +10.3% 2 Cost of revenues 382,175 416,283 432,925 +16,641 +4.0% 3 Cost of funds 45,298 71,492 68,688 -2,803 -3.9% 4 Gross profit 94,639
Slide 41: Financial performance: balance sheet, etc.
Financial performance: balance sheet, etc. (¥ in millions) End of FY2023 End of FY2024 End of 1Q FY2025 Vs. end of FY2024 Vs. end of FY2024 (%) 1 Cash and cash equivalents 366,478 313,399 303,917 -9,482 -3.0% 2 Equity capital 1,685,267 1,789,625 1,766,047 -23,577 -1.3% 3 Net assets 1,705,345 1,804,5
Slide 42: Financial performance: balance sheet, etc. (continued)
Financial performance: balance sheet, etc. (continued) (¥ in millions) End of FY2023 End of FY2024 End of 1Q FY2025 Vs. end of FY2024 Vs. end of FY2024 (%) 15 Total funding 8,439,792 8,840,797 8,778,760 -62,037 -0.7% 16 Indirect funding 4,919,380 4,916,445 4,980,792 +64,347 +1.3% 17 Direct funding 3
Slide 43: Inquiries and other information
Inquiries and other information Information published on our website Progress of 2025 MTMP Integrated Report ESG Data Book Financial Data Sheets ESG Data Book 2024 Financial and non- financial information about the overview of Initiatives and data Excel documents medium- to long-term related to ESG
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