Mitsubishi Hc Capital Inc. · TSE:8593
Mitsubishi Hc Capital — Q1 FY2026 Earnings Presentation
42 slides from Mitsubishi Hc Capital's earnings presentation, Aug 7, 2026
Slide 1: 1Q FY2026 Consolidated Financial Results Presentation
1Q FY2026 Consolidated Financial Results Presentation (for the three months ended June 30, 2026) Mitsubishi HC Capital Inc. August 7, 2026
Slide 2: Terms used in this presentation
Terms used in this presentation Definitions Reference: Illustrative definitions of asset-related gain/loss and income gain Net gains/losses from sales of owned assets, impairment, and other Asset-related related items, including mark-to-market valuation in the Customer Income statement (Excerpt) gai
Slide 3: Highlights
Highlights Net income Comments Net income for 1Q FY2026 was ¥31.6 billion, down ¥2.8 billion 1Q FY2026 YoY Change (8.2%) YoY, mainly due to lower gains on asset sales, excluding the Results (excl. fiscal period change impact) prior-year one-off profit of ¥22.8 billion resulting from subsidiaries’ fi
Slide 4: Agenda
Agenda 01｜1Q FY2026 financial results 02｜Segment updates 03｜FY2026 financial forecast 04｜Reference information 3
Slide 5: 1Q FY2026 financial results
01｜1Q FY2026 financial results 02｜Segment updates 03｜FY2026 financial forecast 04｜Reference information 左矢印付きの円単色塗りつぶし Back to Agenda Back to Agenda
Slide 6: 1Q FY2026 financial results
1Q FY2026 financial results (a) (b) (c) (d)=(c)-(b) (e)=(d)/(b) (f) YoY change factors YoY (excl. fiscal period change impact) 1Q FY2025 Excl. fiscal 1Q FY2026 Change Change period change Change (¥ in billions) (%) (excl. FX impact*2) impact 1 Income gain ✓ Increased, excluding the prior-year fiscal
Slide 7: 1Q FY2026 net income vs. 1Q FY2025
1Q FY2026 net income vs. 1Q FY2025 1Q FY2026 net income vs. 1Q FY2025*1 YoY change factors*4 (+/-: impact on net income) (¥ in billions) Positive factors Negative factors 1 Income gain -¥2.8bn YoY ✓ Aviation -¥2.8bn Lower leasing revenues due to an increase in off-lease (excl. FPC impact*2) aircraft
Slide 8: Segment updates
01｜1Q FY2026 financial results 02｜Segment updates 03｜FY2026 financial forecast 04｜Reference information 左矢印付きの円単色塗りつぶし Back to Agenda Back to Agenda
Slide 9: Changes in segment financial reporting from FY2026
Changes in segment financial reporting from FY2026 ✓ Effective from FY2026, we revised the basis of calculation for segment profit and segment assets. 1 Segment profit: The allocation method for certain expenses, including interest expense and certain head office expenses, was revised. Accordingly,
Slide 10: 1Q FY2026 segment profit vs. 1Q FY2025
1Q FY2026 segment profit vs. 1Q FY2025 1Q FY2026 segment profit vs. 1Q FY2025 (¥ in billions) Segment profit/loss 57.2 (a) (b) (c) (d)=(c)-(b) YoY change factors 8.9 1Q 1Q Excl. YoY FPC FY2025 FPC impact* FY2026 impact* 6.2 【＋】 The absence of a prior-year provision for general 22.8 Customer 9.2 9.2
Slide 11: Customer Solutions
Customer Solutions 1Q FY2026 segment profit vs. 1Q FY2025 YoY change factors (+/−: impact on segment profit) (¥ in billions) Positive factors Negative factors 1 3 2 Asset-related gain/loss (−) Lower gains on real estate sales +0.2 +0.3 0.0 0.0 -0.4 -0.2 3 Credit costs (+) The absence of a prior-year
Slide 12: Global Customer Business (1)
Global Customer Business*1 (1) 1Q FY2026 segment profit vs. 1Q FY2025 YoY change factors (+/−: impact on segment profit) (¥ in billions) Positive factors Negative factors 3 1 Income gain (+) Higher gains driven by business growth in Europe 6 2 +0.5 +0.6 +3.6 0.0 2 Credit costs (+) Lower costs in the
Slide 13: Global Customer Business (2)
Global Customer Business (2) Key figures (¥ in billions) 1Q 1Q Excl. FX impact 1Q 1Q Excl. FX impact YoY YoY FY2025*2 FY2026 1Q FY2026 YoY FY2025*2 FY2026 1Q FY2026 YoY Europe (MHCUK) Asia & Oceania Income gain 19.4 23.6 +4.2 21.3 +1.8 Income gain 2.7 2.9 +0.1 2.6 0.0 Credit costs 2.2 2.5 +0.2 2.2 0
Slide 14: Environment & Energy (1)
Environment & Energy (1) 1Q FY2026 segment profit vs. 1Q FY2025 YoY change factors (+/−: impact on segment profit) (¥ in billions) Positive factors Negative factors 1 Income gain (−) Higher equity-method loss from EE (approx. -¥2.1bn) -0.7 -¥2.5bn YoY -3.2 0.0 0.0 -1.5 -0.3 0.0 1 2 3 -0.4 -0.2 4 5 N
Slide 15: Environment & Energy (2)
Environment & Energy (2) MHC Group’s share of operating renewable energy capacity (MW) Renewable energy market environment in our operating regions End of End of 1Q Vs. end of FY2025 FY2026 FY2025 Short-term Total 1,760 1,877 +117 ✓ New development is becoming increasingly challenging amid rising ma
Slide 16: Aviation (1)
Aviation (1) 1Q FY2026 segment profit vs. 1Q FY2025 YoY change factors (+/−: impact on segment profit) (¥ in billions) Positive factors Negative factors 1 Income gain (−) Lower leasing revenue due to an increase in off-lease aircraft following -¥0.7bn YoY returns from a specific airline (excl. FPC i
Slide 17: Aviation (2)
Aviation (2) Owned aviation assets Number of owned aircraft End of End of Vs. end of FY2025 1Q FY2026 FY2025 Number of aircraft (JSA) 344 343 -1 Owned aircraft 247 252 +5 Aircraft purchased/sold 21/22 11/6 - Aircraft to be delivered 97 91 -6 248 247 252 *2 204 224 Average age (JSA) 5.5 years 5.4 yea
Slide 18: Logistics (1)
Logistics (1) 1Q FY2026 segment profit vs. 1Q FY2025 YoY change factors (+/−: impact on segment profit) (¥ in billions) Positive factors Negative factors 1 Income gain (+) Higher equity-method income in the mobility business in Japan -¥1.0bn YoY (excl. FPC impact ) *1 (−) Lower leasing revenue in th
Slide 19: Logistics (2)
Logistics (2) Owned logistics assets Number of railcars End of End of 1Q Vs. end of FY2025 FY2026 FY2025 Marine container fleet 3,811 3,825 +14 (1,000 TEUs*1) Marine container fleet 3,939 3,973 +34 (1,000 CEUs*2) 22,654 21,931 21,850 22,181 22,197 Number of railcars 22,181 22,197 +16 Mobility vehicl
Slide 20: Real Estate (1)
Real Estate (1) 1Q FY2026 segment profit vs. 1Q FY2025 YoY change factors (+/−: impact on segment profit) (¥ in billions) 1 Positive factors Negative factors +1.2 1 Income gain (+) Higher gains driven by asset growth 2 Asset-related (−) The absence of large prior-year gains on asset sales -¥4.3bn Yo
Slide 21: Real Estate (2)
Real Estate (2) Segment assets by region (end of 1Q FY2026) Segment assets in Japan by asset type (end of 1Q FY2026) Overseas Other Japan 2.7% Commercial 5.3% (Other) facilities 10.9% 4.3% Japan (Finance ¥765.2bn （86%） Residences Other Area &investment) 8.1% 8.8% Offices 35.1% Nagoya Total Japan ¥96
Slide 22: FY2026 financial forecast
01｜1Q FY2026 financial results 02｜Segment updates 03｜FY2026 financial forecast 04｜Reference information 左矢印付きの円単色塗りつぶし Back to Agenda Back to Agenda
Slide 23: FY2026 financial forecast
FY2026 financial forecast ✓ 1Q net income represented 19.8% of the full-year forecast. This was broadly in line with our plan, as we expect to recognize the majority of gains on asset sales in the second half. ✓ As of 1Q-end, the impact of ongoing instability in the Middle East on our earnings remai
Slide 24: Net income: FY2026 forecast vs. FY2025
Net income: FY2026 forecast vs. FY2025 (Reproduced from the FY2025 financial results presentation) FY2026 net income forecast vs. the prior year YoY change factors (¥ in billions) Positive factors Negative factors (+/-: impact on net income) 2 3 1 Income gain 1 +13.2 +1.3 5 ✓ Customer +25.2 +1.6 (+)
Slide 25: Trends in key metrics
Trends in key metrics 8.8% 9.1% 8.9% 8.6% ROE* 8.0% 8.0% 8.2% 8.0% 7.7% 7.8% 7.3% 1.3% 1.2% 1.2% 1.1% 1.1% 1.1% 1.0% 1.0% 1.0% 1.0% 0.9% ROA* 162.2 160.0 135.1 116.2 123.8 Net 101.4 95.7 99.4 income* 86.0 88.1 87.3 (¥ in billions) FY2016 FY2018 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Slide 26: Trends in dividends
Trends in dividends 57.4% 45.8% 42.9% 42.5% 41.1% 40.4% 40.8% 40.7% 30.4% 31.5% Payout ratio* 25.2% 20.7% 21.8% 18.9% 19.2% 20.0% 17.4% 15.5% 16.0% 11.1% 51.0 46.0 40.0 37.0 33.0 Annual dividend per 28.0 share*(¥) 23.5 25.0 25.5 18.0 12.3 13.0 8.0 9.5 4.2 4.6 4.8 5.0 6.0 6.5 FY2007 FY2008 FY2009 FY2
Slide 27: Reference information
01｜1Q FY2026 financial results 02｜Segment updates 03｜FY2026 financial forecast 04｜Reference information 左矢印付きの円単色塗りつぶし Back to Agenda Back to Agenda
Slide 28: Income gain and asset-related gain/loss trends
Income gain and asset-related gain/loss trends ✓ Our business model is built on two earnings drivers—income gain and asset-related gain—both increasing steadily year over year. ✓ Income gain serves as our core earnings base, supported by asset-related gain consistently generated through asset turnov
Slide 29: Impact of rising interest rates on earnings
Impact of rising interest rates on earnings ◼ The impact of rising interest rates on earnings is limited. ✓ Existing funding: Disciplined ALM management effectively controls asset-liability mismatch risks, including interest rate risk. ✓ New funding: Gradual rate increases, as currently seen in Japa
Slide 30: Summary of the fiscal period change impact in FY2025
Summary of the fiscal period change impact in FY2025 ✓ Effective from FY2025, elfc, CAI, and PNW (subsidiaries in the Aviation and Logistics segments) changed their fiscal year-ends from December to March. ✓ As a result, 1Q FY2025 covered six months (January through June 2025), generating an additio
Slide 31: Segment profit (1) (by quarter)
Segment profit (1) (by quarter) FY2025* FY2026 (¥ in billions) 1Q 2Q 3Q 4Q Full year 1Q YoY 1 Income gain 28.7 28.0 27.1 31.1 115.0 28.9 +0.2 2 Customer Asset-related gain/loss 1.3 0.3 0.6 2.6 4.9 0.9 -0.4 3 Solutions Recurring income 13.4 13.1 11.8 17.6 56.1 13.3 -0.1 4 Segment profit 9.2 9.1 10.7
Slide 32: Segment profit (2) (by quarter)
Segment profit (2) (by quarter) FY2025*2 FY2026 (¥ in billions) 1Q 2Q 3Q 4Q Full year 1Q YoY 17 Income gain 22.1 11.2 11.3 10.1 54.9 12.3 -9.8 18 Asset-related gain/loss 3.3 0.7 1.0 -1.3 3.7 0.8 -2.4 Logistics 19 Recurring income 18.9 8.4 8.4 4.7 40.5 9.1 -9.8 20 Segment profit 14.6 6.6 6.5 4.0 31.9
Slide 33: Asset-related gain/loss (by quarter)
Asset-related gain/loss (by quarter) FY2025 FY2026 (¥ in billions) 1Q 2Q 3Q 4Q Full year 1Q YoY 1 Customer Solutions 1.3 0.3 0.6 2.6 4.9 0.9 -0.4 2 Gains/losses on sales 1.3 0.3 0.6 2.7 5.0 0.9 -0.4 3 Impairment losses, etc. - - - 0.0 0.0 - - 4 Environment & Energy - - -0.4 1.4 0.9 0.0 0.0 5 Gains/l
Slide 34: Segment assets
Segment assets (¥ in billions) End of FY2024* End of FY2025 End of 1Q FY2026 Vs. end of FY2025 1 Customer Solutions 3,087.4 3,310.6 3,309.7 -0.9 2 Percentage of total 26.3% 25.3% 24.9% -0.4pt 3 Global Customer Business 3,249.2 3,683.3 3,755.5 +72.2 4 Percentage of total 27.6% 28.1% 28.2% +0.1pt 5 En
Slide 35: New transactions volume by segment
New transactions volume by segment (¥ in billions) 1Q FY2024 1Q FY2025 1Q FY2026 YoY change YoY change (%) 1 Customer Solutions 220.2 209.9 222.8 +12.9 +6.2% 2 Global Customer Business 370.4 379.3 417.7 +38.4 +10.1% 3 Europe 229.5 265.5 299.3 +33.8 +12.7% 4 Americas 101.9 85.2 81.5 -3.7 -4.4% 5 Asia
Slide 36: Credit costs by segment
Credit costs by segment (¥ in billions) 1Q FY2024 1Q FY2025 1Q FY2026 YoY change YoY change (%) 1 Customer Solutions 0.1 0.7 0.4 -0.3 -44.4% 2 Global Customer Business 6.2 7.9 4.7 -3.2 -40.8% 3 Europe 1.7 2.2 2.5 +0.2 +12.9% 4 Americas 3.9 3.6 2.3 -1.3 -36.3% 5 Asia & Oceania 0.1 1.4 0.2 -1.2 -83.6%
Slide 37: Financial performance: income statement
Financial performance: income statement (¥ in billions) 1Q FY2024 1Q FY2025 1Q FY2026 YoY change YoY change (%) 1 Revenues 529.8 584.5 539.1 -45.3 -7.8% 2 Cost of revenues 416.2 432.9 425.6 -7.3 -1.7% 3 Cost of funds 71.4 68.6 75.5 +6.8 +10.0% 4 Gross profit 113.6 151.5 113.4 -38.0 -25.1% 5 SG&A exp
Slide 38: Financial performance: balance sheet, etc.
Financial performance: balance sheet, etc. (¥ in billions) End of FY2024 End of FY2025 1Q FY2026 Vs. end of FY2025 Vs. end of FY2025 (%) 1 Cash and cash equivalents 313.3 366.0 317.9 -48.1 -13.1% Net assets* 2 excl. share acquisition rights and 1,789.6 1,989.0 2,008.1 +19.0 +1.0% non-controlling int
Slide 39: Financial performance: balance sheet, etc. (continued)
Financial performance: balance sheet, etc. (continued) (¥ in billions) End of FY2024 End of FY2025 End of 1Q FY2026 Vs. end of FY2025 Vs. end of FY2025 (%) 11 Total funding 8,840.7 9,880.3 10,104.8 +224.4 +2.3% 12 Indirect funding 4,916.4 5,504.5 5,752.5 +247.9 +4.5% 13 Direct funding 3,924.3 4,375.
Slide 40: Inquiries and other information
Inquiries and other information Information published on our website 2028 MTMP Integrated Report ESG Data Book Financial Data Sheets Initiatives and data Excel documents related to ESG containing MHC’s (environment, society, historical financial data governance) Financial and non-financial 2028 MTMP
Slide 41: Now airing: a new TV commercial featuring Kento Yamazaki
Now airing: a new TV commercial featuring Kento Yamazaki Title of the The Company Empowering Your Challenges Commercial through Leasing. TV Commercial Gallery* The commercial and the behind- the-scenes video are available. * The gallery and the contents are all in Japanese and can be viewed only in
Slide 42: 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
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