Acom Co., Ltd. · TSE:8572
Acom — FY2010 Earnings Presentation
27 slides from Acom's earnings presentation, May 14, 2010
Slide 1: Earnings Release Conference Fiscal Year Ended March 2010
Earnings Release Conference Fiscal Year Ended March 2010 ACOM CO., LTD. http://www.acom.co.jp/ir/english May 14, 2010
Slide 2: Conference Schedule
Conference Schedule Approx. Page Title Presenter Duration No. 1. Drastically Changing Business Environment 4 2. Business Alliance with MUFG in Progress 5 3. Group Management Reform, Strengthening Shigeyoshi Kinoshita 25min. 6 Business Management Policy President & CEO 4. Financial Results Summary 7-
Slide 3: Financial Results Highlights
Financial Results Highlights Fiscal Year Ended March 2010 (1) Drastically Changing Business Environment (2) Business Alliance with MUFG in Progress (3) Group Management Reform, Strengthening Business Management Policy (4) Financial Results (5) Business Results by Segment (6) Impact of Full Enactment
Slide 4: Drastically Changing Business Environment
Drastically Changing Business Environment Macro and Industrial Environment 9 9 There There were were some some signs signs of of economic economic recovery recovery such such as as improving improving corporate corporate profits profits and and production production level level 9 9 Yet Yet the the s
Slide 5: Business Alliance with MUFG Group in Progress
Business Alliance with MUFG Group in Progress ◆Alliance Strategy with MUFG Group is Steadily Progressing October 2010 (Planned) ACOM will succeed unsecured loan Business guarantee business of Mitsubishi September 2009 UFJ NICOS Co., Ltd. Restructuring ACOM succeeded unsecured loan guarantee business
Slide 6: Group Management Reform, Strengthening Business Management Policy
Group Management Reform , Strengthening Business Management Policy (Billions of yen) ◆Trend of Operation Cost (Other Operating Expenses) 140.0 120.0 126.9 Achieved Announcement of targeted 112.4 for one year reduction of 40 billion yen in 100.0 in advance November 2006 92.3 92.1 87.7 Announcement of
Slide 7: Financial Results
Financial Results (Millions of yen) Consolidated Non-consolidated 2009/3 2010/3 Compared 2009/3 2010/3 Compared to revised to revised yoy forecast yoy forecast Results Results (Nov. 5, 2009) Results Results (%) (%) (Nov. 5, 2009) Operating Revenue 324,396 278,795 -14.1 2,395 262,120 238,215 -9.1 615
Slide 8: Loan Business
Loan Business ACOM zReceivables Outstanding, No. of Customer Accounts, and No. of New Loan Customers (Millions of yen) 2009/3 2010/3 2011/3 (Forecast) Compared to yoy Results Results yoy revised forecast (%) (Nov. 5, 2009) (%) (%) Receivables Outstanding 1,171,893 1,103,969 -67,924 -5.8 -9,631 -0.9
Slide 9: Guarantee and Loan Servicing Business
Guarantee and Loan Servicing Business (Millions of yen) 2009/3 2010/3 2011/3 (Forecast) Compared to Yoy Results Results yoy revised forecast (%) (Nov. 5, 2009) (%) (%) Guaranteed Receivables 115,723 317,240 201,516 174.1 3,440 1.1 355,800 12.2 ACOM (* Guarantee Business No. of Accounts with 255,262
Slide 10: Credit Card and Installment Sales Finance Business
Credit Card and Installment Sales Finance Business (Millions of yen) 2009/3 2010/3 2011/3 (Forecast) Compared to Results Results yoy revised forecast yoy % % (%) (Nov. 5, 2009) Receivables Outstanding 32,228 26,485 -5,742 -17.8 -215 -0.8 20,000 -24.5 ACOM Credit Card Business No. of Customer Account
Slide 11: Impact of Full Enactment of Revised Money Lending Business Act
Impact of full enactment of Revised Money Lending Business Act Influence of Cap on Borrowing Amount ◆Ratio of customers who would be in conflict with cap on ◆Submission rate of income certificates borrowing amount n=approximately 1.94 million Submitted Would not be Would be in in conflict conflict Y
Slide 12: Forecast for the FY Ending March 2011
Forecast for the FY Ending March 2011 (Millions of yen) Consolidated Non-consolidated 2011/3 2011/3 2011/3 2010/3 2010/3 Results Forecast yoy Results Forecast yoy Principal Assumptions (%) (%) Operating Revenue 278,795 243,900 -12.5 238,215 206,000 -13.5 Loan Business 240,041 204,300 -14.9 212,839 1
Slide 13: Basic Policy on Distribution and Dividend
Basic Policy on Distribution and Dividend ◆Basic Policy Basic policy with regard to profit distribution Attempt Attempt stable stable and and continuous continuous profit profit distribution, distribution, taking taking the the economic economic and and financial financial situation, situation, shar
Slide 14: ACOM Group's Visions
ACOM Group’s Visions Management Vision ACOM is an acronym created from the following three words We aim to become the “leading company” which provide prime satisfactions to as many customers as possible and trusted in the consumer finance industry. ACOM Group Code of Ethics Achieve the position of c
Slide 15: Financial Results Highlights
Financial Results Highlights Fiscal Year Ended March 2010 (1) Financial Results (ACOM) (2) Progress of Strengthening Business Management Policy (3) Major Figures (ACOM) Takashi Kiribuchi Chief General Manager of Public Relations Department
Slide 16: Financial Results (ACOM)
Financial Results (ACOM) (Millions of yen) 2009/3 2010/3 2011/3 (Forecast) Compared to revised forecast yoy Results Results Yoy % % (%) (Nov. 5, 2009) Operating Revenue 262,120 238,215 -23,904 -9.1 615 0.3 206,000 -13.5 Loan Business 238,231 212,839 -25,391 -10.7 39 0.0 175,900 -17.4 Guarantee Busin
Slide 17: Progress of Strengthening Business Management Policy
Progress of Strengthening Business Management Policy (Billions of yen) Performance 2009/3 Contents Goals 2010/3 2011/3 (2012/3) Other 60 billion Other Operating 92.1 billion Aims for decrease of 82.4 (-9.6) 75.3 Operating Expenses yen 32.1 billion yen yen Expenses Decrease to 2,089 23.3 (-0.5) emplo
Slide 18: Provision for Loss on Interest Repayment and Allowance for Doubtful Accounts (ACOM)
Provision for Loss on Interest Repayment and Provision of Allowance for Doubtful Accounts (ACOM) ◆Provision for Loss on Interest Repayment (Millions of yen) Compared to 2009/3 2010/3 revised forecast 2011/3 (Nov. 5, 2009) (Forecast) Total Total 1Q 2Q 3Q 4Q (A) (B) (A-B) Provision for Loss on Interes
Slide 19: Trend of Requests for Interest Repayment (ACOM-1)
Trend of No. of Requests for Interest Repayment and Interest Repayment (Cash Out) (ACOM-1) ◆No. of Requests for Interest Repayment* and Interest Repayment (Cash Out Basis) by Month (Millions of yen) 20,000 18,000 16,500 18,000 16,000 No. of Requests for 14,300 14,100 16,000 Interest Repayment* 13,00
Slide 20: Trend of Requests for Interest Repayment (ACOM-2)
Trend of No. of Requests for Interest Repayment and Interest Repayment (Cash Out) (ACOM-2) ◆No. of Requests for Interest Repayment* and Interest Repayment (Cash Out Basis) by Month (Millions of yen) 2008/3 2009/3 2010/3 No. of No. of No. of Requests Interest Requests for Interest Requests for Intere
Slide 21: Loan and Guarantee Business (ACOM)
Loan and Guarantee business (ACOM) ◆Unsecured Loans and Guarantee Business (Receivable Outstanding, No. of Customer Accounts) (Billions of yen) (Thousands) 1,600 No. of Customer 4,000 Absorbed Loan 1446.1 Business of DC Accounts 1398.8 (Right Axis) 1362.4 Cash One 3,500 1313.9 1277.8 1240.6 1204.2 1
Slide 22: Trend of Lending Ratio, Applications, and New Loan Customers (ACOM)
Trend of Lending Ratio, No. of Applications, and No. of New Loan Customers of Loan Business by Year (ACOM) ◆Unsecured Loans for Consumers 600,000 70.0% 67.8% No. of Applications* 66.2% Lending Lending Ratio* Ratio* (Left axis) 65.0% 500,000 (Right (Right axis) axis) 60.0% 400,000 55.3% 55.0% 339,567
Slide 23: Composition of Loans Receivable by Number of Other Lenders (ACOM)
Trend of Composition Ratio of Loans Receivable Outstanding by Number of Other Lenders (ACOM) ◆Unsecured Loans for Consumers ◆Unsecured Loans for Consumers (New Loan, No. of Accounts Basis) (Existing Loan, Outstanding Basis) 100% 100% 3.1 3.9 4.1 3.7 1.5 1.6 1.6 2.8 5.3 5.4 5.1 4.7 13.3 11.5 9.4 9.9
Slide 24: Non-performing Loans (ACOM)
Non-performing Loans (ACOM) ◆Changes in Non-performing Loans and Composition Ratio to Loans Receivable Outstanding 150 12.0% 141 Yoy: -7 billion yen(-6.0%) 138 132 126 124 122 11.0% (Billions of yen) 120 118 116 116 112 Loans to Borrowers in 115 112 109 Bankruptcy or under Reorganization 9.89% 9.78%
Slide 25: Funds Procurements (ACOM)
Funds Procurements (ACOM) (Millions of yen) 2009/3 2010/3 2011/3 (Forecast) Compared to Yoy Results Results C.R. Yoy revised forecast (%) (%) (%) (Nov. 5, 2009) Borrowings 680,734 705,387 100.0 24,653 3.6 -15,213 -2.1 654,100 -7.3 Indirect 445,734 463,887 65.8 18,153 4.1 -21,713 -4.5 416,800 -10.2 D
Slide 26: Assumptions on the Forecast for FY Ending March 2011 (ACOM)
Assumptions on the Forecast for the Fiscal Year Ending March 2011 (ACOM) 1.Average 1.Average Nominal Nominal Interest Interest Rate Rate 2.17% 2.17% 2.Average 2.Average Loan Loan Yield Yield 16.95% 16.95% (Unsecured (Unsecured Loans Loans for for Consumers Consumers 17.14%) 17.14%) 3.Financial 3.Fin
Slide 27: For further information and questions
Reference ◆ For further information and questions regarding this presentation material, please contact: Investor Relations Tel:+81-3-5533-0631 email:ir@acom.co.jp ◆ For updated company information, please refer to our website: http://www.acom.co.jp/ir/english 27