Japan Securities Finance Co., Ltd. · TSE:8511

Japan Securities Finance — Q1 FY2014 Earnings Presentation

25 slides from Japan Securities Finance's earnings presentation, May 2014

  1. Slide 1: Slide 1

  2. Slide 2: Slide 2

  3. Slide 3: FY2013 1Q FY2014

    ¥ mil FY2013 FY2014 Change FY2013 FY2014 Change 1Q 1Q 1Q 1Q 3,969 4,738 3,194 3,963 1,787 2,052 1,571 2,189 610 496 36 803 630 3 544 319 Comprehensive income 986¥mil (Jun-14) 1,692¥mil (Jun-13) Japan Securities Finance Co.,Ltd 3

  4. Slide 4: Japan Securities Finance Co.,Ltd

    \ Jun-13 Jun-14 Japan Securities Finance Co.,Ltd 4

  5. Slide 5: Margin Loan Balance for 1Q, FY2014

    1 Margin Loan Balance for 1Q, FY2014 \ Margin Loans balance decreased by 57 billion yen in comparison with the same period a year ago. Stock Loans balance was the same level as the same period a year ago. Interest on loans and Premium Charges decreased. Therefore, Operating Revenues of this busine

  6. Slide 6: Reversal of allowance of doubtful receivables was posted

              Reversal of allowance of doubtful receivables was posted \ due to repayment of a debt from one obligor of JSF Trust Bank. FY2013 FY2014 change 1Q 1Q General & Administrative Expenses 2,189 1,651 538 Provision 327 327 Allowance for Doubtful Receivables Reversal 344 344 6

  7. Slide 7: Japan Securities Finance Co.,Ltd

    \ Japan Securities Finance Co.,Ltd 7

  8. Slide 8: Financial Highlights for 1Q, FY2014

    \ FY2013 FY2014 change 1Q 1Q Recurring Revenues 565 839 273 Trust charges 112 124 11 Reversal of Allowance for 283 283 Doubtful Receivables Ordinary Expenses 794 507 ▲287 Provision of Allowance for Doubtful Receivables 315 ▲315 Recurring Income ▲228 332 561 Net Income ▲229 332 561 Equity Ratio 44.77

  9. Slide 9: Influence of the interest rate change of August 6, 2014

     The influence of the interest rate change of August 6, 2014 (0.77 →0.64 ) is not taken into account of this estimates. 9

  10. Slide 10: Japan Securities Finance Co.,Ltd

     The influence of the interest rate change of August 6, 2014 (0.77 .64 ) is not taken into account of this estimates. Japan Securities Finance Co.,Ltd 10

  11. Slide 11: Slide 11

  12. Slide 12: 

     12

  13. Slide 13: ¢+¢¢ ¢+¢¢ ¢

    ¢+¢¢ 4 ¢+¢¢ ¢ 13

  14. Slide 14: Share buybacks and cancellation

    total shares start end purchased amount cancellation shares issued shs \ shs shs FY2008 2008/4/1 2008/4/18 4,312,800 2,999 99,704,000 2008/5/15 2008/6/11 978,900 999 99,704,000 2008/6/27 2008/7/25 1,000,000 881 99,704,000 2008/9/24 6,004,000 93,700,000 6,291,700 4,881 Number of Cancellation 120,000

  15. Slide 15: Japan Securities Finance Co.,Ltd

    \ Mar-14 16,363 9,240 (47.2%) 4,012 436 4,132 3,371 761 1,959 (10.0%) 1,149 323 2,217 (11.3%) 425 1,791 2,946 (15.1%) 2,838 2,322 (11.9%) 317 485 1,494 880 (4.5%) 19,566 16,195 Japan Securities Finance Co.,Ltd 15

  16. Slide 16: Japan Securities Finance Co.,Ltd

    \ FY2013 490,635 601,206 157,232 201,076 36,223 48,103 77,612 63,043 23,092 32,500 748,572 897,825 176,476 198,781 Japan Securities Finance Co.,Ltd 16

  17. Slide 17: Japan Securities Finance Co.,Ltd

    6.0 60% 5.0 50% 4.0 40% 3.0 30% 2.0 20% 1.0 10% 0.0 0% 1.2 90% 80% 1.0 70% 0.8 60% 50% 0.6 40% 0.4 30% 20% 0.2 10% 0.0 0% Japan Securities Finance Co.,Ltd 17

  18. Slide 18: Features of Assets / Features of Liabilities

    Features of Assets Features of Liabilities (1) Fluctuation of Loan Balance (1) Fluctuation of money funding amount Loan balance moves everyday because margin loan is Need to response flexibly to fluctuating cash demands, over-night loan because of the fluctuation of margin loan balance (2) Holding J

  19. Slide 19: Japan Securities Finance Co.,Ltd

    \ \ Japan Securities Finance Co.,Ltd 19

  20. Slide 20:  

      20

  21. Slide 21: Loan Rate, Lending Fee, Interest Rate on Collateral Money

          Loan Rate Lending Fee Interest Rate on Collateral Money of Stock Loan BOJ Policy Rate 1.2%   1.0%   0.8%  0.6%   0.4% 0.2%  0.0% 21

  22. Slide 22: Japan Securities Finance Co.,Ltd

    10.0% 9.0% 8.75% Loan Rate Interest Rate on Collateral Money of Stock Loan 8.0% Lending Fee 7.0% Profit Margin 6.0% 5.00% 5.0% Sep-93 4.0% 3.75% Nov-10 Aug-14 3.0% Jan-09 2.0% May-02 1.17% 1.0% 1.04% 0.0% 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 Japan Securiti

  23. Slide 23:    

        23

  24. Slide 24: Japan Securities Finance Co.,Ltd

    \mil \mil Sep-13 Mar-14 Jun-14 Sep-13 Mar-14 Jun-14 Notes Loan Loan Loan Balance ratio Balance ratio Balance ratio JGB 375,273 418,036 445,557 Manufacturing 20,828 31.7% 15,809 24.7% 13,640 21.8% less than 1Y 20,001 15,133 70,039 Mainly Mid-term Fishery 0 0.0% 0 0.0% 0 0.0% over 1Y 355,272 402,902 3

  25. Slide 25: Japan Securities Finance Co.,Ltd

    Japan Securities Finance Co.,Ltd 25

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