Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — Q1 FY2025 Earnings Presentation
23 slides from Mizuho Leasing's earnings presentation, Jul 30, 2025
Slide 1: Overview of the First-Quarter Financial Results for FY2025
Overview of the First-Quarter Financial Results for FY2025 July 30, 2025
Slide 2: Financial Highlights of the First-Quarter FY2025 Results
1 Financial Highlights of the First-Quarter FY2025 Results ◼ Net Income* ¥15.2 bn（＋¥5.5 bn YoY, 35％ progress against forecast） • Increase in gross profit before funding costs, primarily from domestic leasing and real estate businesses, offset increases in funding costs and selling, general and admin
Slide 3: Table of Contents
2 Table of Contents 1. Overview of First-Quarter Results for FY2025 2. Progress Toward Earnings Forecasts 3. Appendix 2
Slide 4: 1. Overview of First-Quarter Results for FY2025
3 1. Overview of First-Quarter Results for FY2025
Slide 5: Summary of First-Quarter Results for FY2025
Summary of First-Quarter Results for FY2025 4 ⚫ Gross profit was ¥21.4 bn (YoY ¥+3.2 bn) as a result of steady increase in gross profit before funding costs, absorbing the rise in funding costs ⚫ Equity in earnings of affiliates was ¥6.9bn (YoY ¥+3.3 bn) due to steady performance from domestic and o
Slide 6: Factors behind Changes in Net Income Attributable to Owners of the Parent
Factors behind Changes in Net Income Attributable to Owners of the Parent 5 Operating Ordinary (¥bn) Gross profit income income +3.2 +1.6 +5.2 +1.9 –1.8 +0.3 +0.2 15.2 –2.1 +3.3 +5.2 –0.8 –0.6 9.7 (A) (B) (C) (D) (E) FY24 Q1 Gross profit before Funding costs Personnel and Credit costs Earnings from
Slide 7: Gross Profit and Operating Assets by Business Area
Gross Profit and Operating Assets by Business Area 6 ⚫ Domestic leasing: Gross profit increased by ¥0.5 bn YoY, due to the continued accumulation of high-grade operating assets ⚫ Real estate/Environment and Energy: Gross profit increased by ¥2.4 bn YoY, due to strong performance in the real estate b
Slide 8: Equity in Earnings and Losses of Affiliates
Equity in Earnings and Losses of Affiliates 7 ⚫ Real estate/Environment and Energy: Increased by ¥1.0 bn YoY, due to additional acquisition of shares in NIPPON STEEL KOWA REAL ESTATE that increased shareholding ratio ⚫ Overseas/Aviation: Increased by ¥2.0 bn YoY, as a result of Aircastle’s strong pe
Slide 9: Funding
Funding 8 ⚫ Although the cost of yen funding continued to rise in response to the Bank of Japan's interest rate hike in the previous fiscal year, the increase in the cost of yen funding was slower than initially anticipated since further rate hikes are expected to be postponed Outstanding Interest−B
Slide 10: 2. Progress Toward Earnings Forecasts
9 2. Progress Toward Earnings Forecasts
Slide 11: Progress Toward Earnings Forecasts
Progress Toward Earnings Forecasts 10 ⚫ Operating income steadily progressed, reaching 26% of the plan. Gross profit before funding costs remained solid, primarily due to good performance in domestic leasing and real estate businesses, with increase in funding costs more moderate than initially anti
Slide 12: 3. Appendix
11 3. Appendix
Slide 13: Positioning of Medium-term Management Plan 2025
Positioning of Medium-term Management Plan 2025 12 (Excerpts from Medium-Term Management Plan released on May 12, 2023) ⚫ We position Plan 2025 as a period of aggressive investment of managerial resources into both business and management infrastructure, in order to make great strides towards the re
Slide 14: Toward Management Conscious of Cost of Capital and Stock Price
(Reference) Toward Management Conscious of Cost of Capital and Stock Price 13 Focus on Improving ROE (ROA) and PER (to Foster Growth Expectations) to Achieve PBR (Price to Book Ratio) of 1x. Issue Measures Present Data ROA Expand business transactions with Analysis profitability in mind (Logic Tree)
Slide 15: Shareholder Returns
Shareholder Returns 14 ⚫ Plan to ensure stable returns to shareholders through continuous profit growth. Increase dividend payout ratio to 30% during Plan 2025, while using retained earnings effectively to strengthen our business’ foundations and invest in growth, based on our basic policy to “pay d
Slide 16: Main News & Topics in FY2025
Main News & Topics in FY2025 15 Date Contents Established ML ITAD Solutions Co., Ltd. as a consolidated subsidiary in partnership with Asset As described Apr. 11, Circular economy 2025 Associates Co., Ltd. on pg. 1 —Promoting a circular economy for IT equipment through ITAD business Purchased shares
Slide 17: Consolidated B/S (Assets)
Consolidated B/S (Assets) 16 （¥bn） Mar-22 Mar-23 Mar-24 Mar-25 Jun-25 Change % Change Current assets 2,166.7 2,279.7 2,378.1 2,542.5 2,587.5 +45.0 +2% Cash and deposits 25.3 34.0 56.7 68.1 97.3 +29.2 +43% Investment in lease 1,172.6 1,122.2 1,050.7 1,041.0 1,036.8 –4.2 –0% Installment sales receivab
Slide 18: Consolidated B/S (Liabilities and Equity)
Consolidated B/S (Liabilities and Equity) 17 （¥bn） Mar-22 Mar-23 Mar-24 Mar-25 Jun-25 Change % Change Current liabilities 1,548.4 1,573.5 1,715.2 1,991.9 2,004.7 +12.8 +1% Short−term borrowings 380.3 418.4 524.1 711.9 707.9 –4.0 –1% Current portion of corporate bonds 30.0 23.0 36.7 63.1 84.3 +21.2 +
Slide 19: Consolidated P/L
Consolidated P/L Gross 18 （¥bn） FY21 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY25 Q1 Change % Change Revenues 118.3 114.0 123.9 128.2 219.5 +91.3 +71% Gross profit before funding costs 14.5 18.1 19.2 23.9 29.1 +5.2 +22% Funding costs 1.9 2.1 3.7 5.7 7.8 +2.1 +36% Gross profit 12.6 16.0 15.5 18.2 21.4 +3.2 +17% S
Slide 20: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income 19 （¥bn） FY21 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY25 Q1 Change % Change Net income 5.1 8.5 7.1 10.3 15.5 +5.2 +50% Unrealized gain on –0.1 3.8 2.7 1.9 –1.4 –3.3 - available-for-sale securities Deferred gain/loss on derivatives –0.3 –1.4 –1.7 –2.4 1.1 +3.5 - u
Slide 21: Gross Profit before Funding Costs by Business Area
Gross Profit before Funding Costs by Business Area 20 （¥bn） FY21 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY25 Q1 Change % Change Revenues 118.3 114.0 123.9 128.2 219.5 +91.3 +71% Leasing and installment sales 114.3 108.2 117.2 117.9 206.6 +88.7 +75% Finance 4.1 6.0 7.0 9.1 10.8 +1.7 +18% Other 0.2 0.3 0.3 1.9 2.
Slide 22: Newly Executed Contract Volume by Business Area
Newly Executed Contract Volume by Business Area 21 Leasing and Installment Sales Segment （¥bn） FY23 Q1 FY24 Q1 FY25 Q1 Change % Change Information and communications 19.6 40.4 36.1 –4.3 –11% Real estate 6.9 72.0 20.3 –51.7 –72% Industry and factory 9.8 19.6 23.3 +3.7 +19% Transport equipment 7.4 9.8
Slide 23: Contact
Contact Investor Relations Division Financial Planning Department Mizuho Leasing Company, Limited Tel: +81-3-5253-6540 This document contains forecasts and other forward−looking statements that are based on information available at the time of preparation of this document and subject to certain risk
Mizuho Leasing Company — Q1 FY2025 Earnings Presentation on 6ix