Slide 1: Consolidated Financial Results Summary for the Year Ended March 31, 2015
Consolidated Financial Results Summary for the Year Ended March 31, 2015 May 13, 2015 © Hitachi Capital Corporation 2015. All rights reserved.
Slide 2: Full-Year Earnings Summary (Results)
Full-Year Earnings Summary (Results) FY2013 FY2014 （Millions of Yen) Result Result Y on Y Change Revenues 127,979 143,341 112% Expenses 95,380 104,991 110% (of which SG&A expenses) 75,244 81,843 109% (of which financing costs) 20,135 23,148 115% Operating income 32,598 38,349 118% Non-operating inco
Slide 3: Changing Factors of FY2014 Ordinary Income (Japan GAAP)
Changing Factors of FY2014 Ordinary Income (Japan GAAP) ② ③ ① ④ Effect of Prior ⑤ Smart Investment of ⑦ Transformation Smart Increase in ⑥ bad-debt Project Transformation expense Scale down +1.2 Project ▲ 0.7 0.7 of consumer Decrease of Effect of ▲1.1 business revenues Exchange ▲1.3 from re-lease Bu
Slide 4: Details of Expenses
Details of Expenses FY2013 FY2014 （Millions of Yen) Result Result Y on Y Change Expenses 95,380 104,991 110% SG&A expenses 75,244 81,843 109% Personnel expenses 42,359 45,040 106% Business management 29,736 32,516 109% expenses, etc. Provision for allowance for losses on receivables 3,148 4,286 136%
Slide 5: Credit Loss by Geographical Segment
(Reference) Credit Loss by Geographical Segment (Millions of Yen) FY2013 FY2014 Result Result Y on Y Change Credit loss 3,638 3,949 +311 Credit loss ratio 0.12% 0.12% － Credit loss 1,349 954 ▲395 Japan Credit loss ratio 0.06% 0.05% ▲0.02% Europe and Credit loss 1,031 1,254 +222 Americas Credit loss
Slide 6: Balance Sheets (Summary)
Balance Sheets (Summary) （Billions of Yen） As of As of vs As of vs As of Mar. 31, 2015 Mar. 31, 2015 Mar. 31, 2014 Mar. 31, 2014 Total current assets 2,292.3 +316.8 Total current liabilities 1,183.4 +120.5 Cash on hand and at bank 38.2 +7.1 Trade payables 273 ▲3.3 Parent company deposit Bank loans a
Slide 7: Detail of Japan Business①: Volume of Business / Total Accounts Receivable
Detail of Japan Business①: Volume of Business / Total Accounts Receivable (Millions of Yen) FY2013 FY2014 Results Results Y on Y Change Volume of Business 1,278,900 1,195,547 93% Account Solution 1,094,225 1,050,121 96% Factoring 418,820 333,871 80% Excluding Factoring 675,405 716,250 106% Vendor So
Slide 8: Detail of Japan Business②: Revenues / Operating Income
Detail of Japan Business②: Revenues / Operating Income (Millions of Yen) FY2013 FY2014 Results Results Y on Y Change Revenues 72,522 69,435 96% Account Solution 47,802 47,188 99% Vendor Solution 16,589 15,390 93% Others (Closing Business, etc,) 13,805 12,943 94% Operating Income 19,943 17,347 87% Ac
Slide 9: Detail of Global Business①: Volume of Business / Total Accounts Receivable
Detail of Global Business①: Volume of Business / Total Accounts Receivable (Millions of Yen) FY2013 FY2014 Effect of Y on Y Y on Y Result Result Exchange rate (exclude. effect of Change changes exchange rate changes) Volume of Business 675,441 923,303 137% 83,868 124% Europe 399,033 491,244 123% 47,
Slide 10: Detail of Global Business②: Revenues / Operating Income
Detail of Global Business②: Revenues / Operating Income (Millions of Yen) FY2013 FY2014 Effect of Y on Y Y on Y Result Result Exchange rate (exclude. effect of Change changes exchange rate changes) Revenues 55,456 73,906 133% 6,393 122% Europe 31,133 42,180 135% 4,100 122% The Americas 4,695 8,674 1
Slide 11: Major Factors Causing Differences between J-GAAP and IFRS
(Reference) Major Factors Causing Differences between J-GAAP and IFRS Item Description Under IFRS, certain transactions of liquidation of receivables are recognized in the balance sheet, resulting in an increase in total assets. Liquidation of After recognized in the balance sheet, interest equivale
Slide 12: Major Difference of Japan GAAP and IFRS ① (Estimate)
(Reference) Major Difference of Japan GAAP and IFRS for the Year Ended March 31, 2015 ① (Estimate) Total asset is increasing owing by on-balance sheet of liquidation of receivables, etc. Total Liabilities Total Liabilities 2,409.2 B yen Total Assets 2,615.6 B yen 2,952.4 B yen Total Assets +208 B ye
Slide 13: Major Difference of Japan GAAP and IFRS ② (Estimate)
(Reference) Major Difference of Japan GAAP and IFRS for the Year Ended March 31, 2015 ② (Estimate) ③ ④ ② Deferred expense of ⑤ ① bonds Goodwill issuance Gain on ⑥ amortization +0.3 sales of investment Allowance +1 ⑦ securities for doubtful ▲ 1.1 accounts, Retirement Leases etc. benefit- ▲0.7 ▲0.9 re
Slide 14: Changing Factors of FY2015 Profit before tax based on IFRS (Estimate)
(Reference) Changing Factors of FY2015 Profit before tax based on IFRS (Estimate) ③ ④ ② ⑤ Increase in ⑥ ⑦ ① Effect of bad-debt Decrease of Smart expense revenues Scale down Effect of Business Transfor ▲ 1.3 from re-lease of Exchange Expansion mation ▲1.3 consumer rate +2.3 Project business changes +
Slide 15: FY2015 Full-Year Earnings Forecast (IFRS)
(Reference) FY2015 Full-Year Earnings Forecast （IFRS） （Billions of Yen） FY2013 FY2014 FY2015 Result Result Y on Y Forecast Y on Y Change Change Revenues 342.6 356.2 104% 370.0 104% Gross profit 105.3 119.3 113% 124.9 105% SG&A expenses 72.2 80.3 111% 83.5 104% Profit before tax 33.1 35.5 107% 42.8 1
Slide 16: Trends of annual cash dividends per share / payout ratio
(Reference) Trends of annual cash dividends per share/ payout ratio Increase continuously in these 6 period; Plan to distribute 76 yen cash dividends per share/ payout ratio 30% 30% 30% 29% 27% 25% 76 60 48 33 38 23円 FY11 FY12 FY13 FY14 (Plan) FY15 Forecast Dividends per Share for the Year (Yen) Pay
Slide 17: http://www.hitachi-capital.co.jp/
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