Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — Q3 FY2022 Earnings Presentation
20 slides from Mizuho Leasing's earnings presentation, Feb 7, 2023
Slide 1: Third-Quarter Financial Results for FY2022
Overview Third-Quarter Financial Results for FY2022 February 7, 2023
Slide 2: Table of Contents
Table of Contents 1. Financial Results and ・・・ P.2 Business Performance Overview 2. Progress Toward Earnings Forecasts ・・・ P.9 Appendix ・・・ P.11 1
Slide 3: 1. Financial Results and Business Performance Overview
1. Financial Results and Business Performance Overview
Slide 4: Summary of Third-Quarter Results for FY2022
Summary of Third-Quarter Results for FY2022 Underlying profitability grew steadily, and profits at each income level increased significantly compared with FY2021 results. Efforts to accumulate assets and focus on profitability continued, primarily in focus areas. New investments in FY2021 cont
Slide 5: Factors behind Changes in Net Income Attributable to Owners of the Parent
Factors behind Changes in Net Income Attributable to Owners of the Parent Gross profit Operating income Ordinary income ¥bn +8.8 +9.0 +11.6 (D) (B) (C) 24.8 （+7.5） (A) 17.3 (A) Income from lease, Significantly increased due to large-scale one-time profit related to aircraft leasing (approx. ¥1.0 bn
Slide 6: Operating Assets and Gross Profit before Funding Costs by Business Area
Operating Assets and Gross Profit before Funding Costs by Business Area Operating assets increased due to the accumulation of assets, primarily in focus areas. Balance of domestic leasing business decreased, but efforts to focus on profitability continue. Balances grew significantly in the Rea
Slide 7: Equity in Earnings and Losses (Other non-operating Income and loss)
Equity in Earnings and Losses (Other non-operating Income and loss) Both domestic and overseas associated companies recorded steady profits. Significantly increased in profit, despite large-scale special factors*¹*² (¥4.4bn in total) in the 3Q of FY2021. Equity in Net Income FY20 FY21 (Special F
Slide 8: Business Performance Overview
Business Performance Overview Newly executed contract volume increased from the previous year mainly due to the accumulation of large-scale contracts in real estate and finance focus areas. Newly executed contract volume in the 3Q of FY2022 (Oct-Dec) was approx. ¥450bn. Operating assets also i
Slide 9: Funding
Funding Outstanding interest-bearing debt increased in line with increase in operating assets, while efforts were made to stabilize the funding structure. Funding costs ratio increased due to the rise in interest rates for foreign currencies. Balance of interest-bearing debt Funding costs (ratio
Slide 10: 2. Progress Toward Earnings Forecasts
2. Progress Toward Earnings Forecasts
Slide 11: Progress Toward Earnings Forecast
Progress Toward Earnings Forecast Each income level has made a high rate of progress against the full-year forecasts from the start of FY2022 up until the third quarter. Full-year forecasts remain the same due to the uncertainty of the future business environment, i.e., persistent domestic and o
Slide 12: Appendix
Appendix
Slide 13: Changes in Balance of Mid-Term Management Plan Focus Areas
Changes in Balance of Mid-Term Management Plan Focus Areas End-Mar. End-Mar. End-Dec. Change % Change (¥bn) 2021 2022 (1) 2022 (2) (2) - (1) (2) / (1) Real estate 481.8 611.8 765.5 ＋153.7 ＋25% Land and building leases 155.4 204.6 204.7 ＋0.1 ＋0% Bridge/Lease 155.2 118.0 171.9 ＋53.9 ＋46% Bridge/Invest
Slide 14: Consolidated B/S (Assets)
Consolidated B/S (Assets) End-Mar. End-Mar. End-Mar. End-Mar. End-Dec. Change % Change (¥bn) 2019 2020 2021 2022 (1) 2022 (2) (2) - (1) (2) / (1) Current assets 1,866.6 1,947.3 2,085.1 2,166.7 2,202.2 ＋35.5 ＋2% Cash and deposits 25.9 22.8 21.1 25.3 30.9 ＋5.6 ＋22% Investment in lease 930.3 1,082.1 1,
Slide 15: Consolidated B/S (Liabilities and Equity)
Consolidated B/S (Liabilities and Equity) End-Mar. End-Mar. End-Mar. End-Mar. End-Dec. Change % Change (¥bn) 2019 2020 2021 2022 (1) 2022 (2) (2) - (1) (2) / (1) Current liabilities 1,294.2 1,314.1 1,492.9 1,548.4 1,584.8 ＋36.4 ＋2% Short-term borrowings 302.2 256.7 317.8 380.3 439.1 ＋58.8 ＋15% Curre
Slide 16: Consolidated P/L
Consolidated P/L FY18 FY19 FY20 FY21 FY22 Change % Change (¥bn) 3Q 3Q 3Q 3Q (1) 3Q (2) (2) - (1) (2)-(1) / (1) Revenues 266.6 380.5 350.1 389.5 339.8 -49.7 -13% Gross profit before funding costs 38.4 42.6 43.0 44.4 55.2 ＋10.8 ＋24% Funding costs 6.2 7.3 6.1 5.6 7.6 ＋2.0 ＋35% Gross profit 32.1 35.2 36
Slide 17: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income FY18 FY19 FY20 FY21 FY22 Change % Change (¥bn) 3Q 3Q 3Q 3Q (1) 3Q (2) (2) - (1) (2)-(1) / (1) Net income 13.5 12.9 18.5 17.8 25.7 ＋7.9 ＋44% Unrealized gain on available-for- - 2.6 2.5 - 2.6 0.7 3.9 ＋3.2 ＋468% sale securities Deferred gain/loss on deriv
Slide 18: Gross Profit before Funding Costs by Segment
Gross Profit before Funding Costs by Segment FY18 FY19 FY20 FY21 FY22 Change % Change (¥bn) 3Q 3Q 3Q 3Q (1) 3Q (2) (2) - (1) (2)-(1) / (1) Revenues 266.6 380.5 350.1 389.5 339.8 -49.7 -13% Leasing and installment sales 253.3 367.2 339.5 376.5 320.3 -56.2 -15% Finance 12.3 12.7 10.9 13.3 19.9 ＋6.6 ＋4
Slide 19: Newly Executed Contract Volume by Segment
Newly Executed Contract Volume by Segment Leasing and Installment Sales Segment FY20 FY21 FY22 Change % Change (¥bn) 3Q 3Q (1) 3Q (2) (2) - (1) (2) / (1) Information and communications 142.0 118.7 78.1 -40.6 -34% Real estate 116.8 91.2 83.2 -8.0 -9% Industry and factory 101.5 54.5 42.5 -12.0 -22% Tr
Slide 20: Connect needs to create the future
Connect needs to create the future Inquiries Mizuho Leasing Company, Limited Corporate Communications Department Tel : +81-3-5253-6540 Fax: +81-3-5253-6539 This document contains forecasts and other forward-looking statements that are based on information available at the time of preparation of this
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