Nec Capital Solutions Limited · TSE:8793
Nec Capital Solutions — NEC Leasing — H1 FY2007 Earnings Presentation
17 slides from Nec Capital Solutions's earnings presentation, Oct 25, 2007
Slide 1: NEC Leasing, Ltd Results Presentation for First Half FY ending March 2008
NEC Leasing, Ltd Results Presentation for the First Half of the Fiscal Year Ending March 31, 2008 October 25, 2007
Slide 2: Contents
Contents 1. FY2007 First Half Results 3. Plans for the Fiscal Year Ending Highlight March 31, 2008 Financial Summary Financial Results Forecast Net Sales and Gross Profits by Dividend Forecast Business Contracts Executed by Business Leasing Business:Contracts Company Overview Executed by Equipment O
Slide 3: FY2007 First Half Results Highlight: Financial Summary
1. FY2007 First Half Results Highlight Financial Summary (billion yen) 9/2006 (1H) 9/2007 (1H) YoY Net Sales 134.7 130.9 -2.8% Ordinary Income 4.4 3.2 -26.3% Net Income 2.6 2.0 -21.3% Net Income per Share (Yen) 119.01 93.65 - Operating Assets 667.9 686.6 2.8% Net Assets 57.9 60.7 5.0% Equity Ratio 8
Slide 4: Net Sales and Gross Profits by Business
Net Sales and Gross Profits by Business (billion yen) 9/2006(1H) 9/2007(1H) Amount Chg Net Sales Costs Funding Costs Gross Profits Net Sales Costs Funding Costs Gross Profits Net Sales Gross Profits Leasing Business Loan Business Other Business Total (Amounts are rounded down to the nearest 100 mill
Slide 5: Contracts Executed by Business
Contracts Executed by Business (billion yen) 9/2006(1H) 9/2007(1H) YoY Leasing Business Loan Business Installment Sales Business Loan Other Business Total Note: Total acceptance basis (Amounts are rounded down to the nearest 100 million yen) 4
Slide 6: Leasing Business: Contracts Executed by Equipment
Leasing Business:Contracts Executed by Equipment (billion yen) 9/2006(1H) 9/2007(1H) YoY Information and Communication Equipment Computers Hardware Computers Software Telecommunication Equipment Office Equipment Other Total Note: Total acceptance basis (Amounts are rounded down to the nearest 100 mi
Slide 7: Operating Assets by Business
Operating Assets by Business (billion yen) 800 667.9 682.8 686.6 600 99.8 115.3 131.7 Loan 400 568.1 567.5 Leasing 554.9 200 0 (Amounts are rounded off to the nearest 100 million yen) 6
Slide 8: Non-performing Loans
Non-performing Loans (billion yen) 1.00% 10 Bankruptcy (%) = Amount of new bankruptcy 0.75% / (Average balance of operating assets + Average 7.5 balance of fixed operating loans) New bankruptcy(in Amount of terms of value) bankruptcies (net of 0.50% allowance of losses) 5 0.24% 0.23% 0.24% 0.25% 2.5
Slide 9: Funding
Funding Composition of interest-bearing debts Cost of funding ratio 100% 1.0% Short-term loans Cost of funding ratio(%) = Cost of funding / average balance of interest - bearing debts 80% 0.9% 0.95% Long-term loans 60% 0.8% 0.71% 0.77% 40% 0.7% Direct 20% funding 0.6% ratio Bonds Securitization 0% 0
Slide 10: Results for FY2007 First Half
2. Results for FY2007 First Half Termination of weakening leasing and • Comparison of the April-August period with the information-related equipment industry S9.6% installmentbusiness • Comparison of the April-August period with other equipment industries S 2.4% (YoY: %) Unfavorable business environ
Slide 11: New business rapidly taking off
New business rapidly taking off Amount of purchasing credits for medical fee liquidation program (1) Expansion tools for cross-selling handled (Unit: 100 million yen) 100 Liquidation of credits for medical fee Sales of life insurance (2) Release of new services unique to a 50 manufacturer-affili
Slide 12: Expanding business portfolio
Expanding business portfolio (1) Growth of small ticket leasing business Amount of contracts secured Enhanced streamlining of backyard by dealer with small ticket leasing cultivation and improvement of credit check (Unit: 100 million yen) 180 system → Amount of leasing contracts secured in Up 35%
Slide 13: Strategy for more efficient management, operations and cost
Strategy for more efficient management, operations and cost Full-scale development of “SMART Project” With standardization of clerical work, aiming at improvement of clerical efficiency and creation of hours for useful business activities Expand such project to NEC Leasing’s all bases nationwide
Slide 14: Plans for the Fiscal Year Ending March 31, 2008: Financial Results Forecast
3. Plans for the Fiscal Year Ended March 31, 2008 Financial Results Forecast (billion yen) Actual) (Forecast) Net Sales Ordinary Income Net Income Net Income per Share (Yen) (Amounts are rounded off to the nearest 100 million yen) 13
Slide 15: Dividend Forecast
Dividend Forecast Dividends per share (yen) Interim Year-end Annual Forecast for 3/2008 22.00 22.00 44.00 Actual 3/2007 22.00 22.00 44.00 We will aim to do proactively profits return to shareholders based on stable business growth 14
Slide 16: Company Overview
Company Overview Name NEC Leasing, Ltd. Head Office NEC Sumisei Bldg, 29-11, Shiba 5-chome, Minato-ku, Tokyo 108-0014, Japan Operation Started November 30, 1978 Shareholders’ Equity ¥ 60.7billion (as of September 30, 2007) Stock Exchange Listings Tokyo Stock Exchange, First Section (Ticker code
Slide 17: Disclaimer
This presentation material is intended to provide our corporate information and not to solicit you to purchase, sell, or invest in the securities issued by NEC Leasing, Ltd. We request that the investment decision be made at your discretion. This presentation material contains forward-looking statem