Mitsubishi Hc Capital Inc. · TSE:8593
Mitsubishi Hc Capital — Hitachi Capital — Q3 FY2014 Earnings Presentation
14 slides from Mitsubishi Hc Capital's earnings presentation, Jan 27, 2015
Slide 1: Consolidated Financial Results Summary for the Third Quarter ended December 31, 2014
Consolidated Financial Results Summary for the Third Quarter ended December 31, 2014 January 27, 2015 © Hitachi Capital Corporation 2015. All rights reserved.
Slide 2: Fiscal 2014 Third Quarter Earnings Summary (Results)
Fiscal 2014 Third Quarter Earnings Summary (Results) Fiscal Fiscal (Millions of Yen,) 2013/3Q 2014/3Q Y on Y Change Revenues 94,365 106,244 113% Expenses 70,125 78,252 112% (of which SG&A expenses) 55,849 61,169 110% (of which financing costs) 14,276 17,082 120% Operating income 24,240 27,992 115% N
Slide 3: Details of Expenses
Details of Expenses (Millions of Yen) Fiscal Fiscal 2013/3Q 2014/3Q Y on Y Change Expenses 70,125 78,252 112% SG&A expenses 55,849 61,169 110% Personnel expenses 31,346 33,478 107% Business management expenses, etc. 21,671 23,836 110% Provision for allowance for losses on receivables and loan 2,831
Slide 4: (Reference) Credit Loss by Geographical Segment
(Reference) Credit Loss by Geographical Segment (Millions of Yen) Fiscal Fiscal 2013/3Q 2014/3Q Y on Y Change Credit loss 2,291 3,002 +711 Credit loss ratio 0.10% 0.12% +0.02% Credit loss 661 738 +77 Japan Credit loss ratio 0.04% 0.05% +0.01% Europe and Credit loss 750 1,002 +251 Americas Credit los
Slide 5: Balance Sheets
Balance Sheets （Billions of Yen） As of As of December 31, vs As of December 31, vs As of 2014 March 31, 2014 2014 March 31, 2014 Total current assets 2,368.2 +392.7 Total current liabilities 1,246.1 +183.2 Cash on hand and at bank 54.5 +23.5 Trade payables 289.8 +13.4 Parent company deposit Bank loa
Slide 6: Volume of Business
Details of Volume of Business (Millions of Yen) Fiscal Fiscal 2013/3Q 2014/3Q Y on Y Change Total Volume of Business 1,408,967 1,533,693 109% Japan Business 913,881 853,267 93% Account Solution 775,309 742,713 96% Vendor Solution 109,044 100,084 92% Others 32,419 13,343 41% Global Business 495,086 6
Slide 7: Total Accounts Receivable
Details of Total Accounts Receivable (Millions of Yen) Fiscal Fiscal 2013/3Q 2014/3Q Y on Y Change Total Accounts Receivable 3,034,519 3,377,699 111% Japan Business 2,156,120 2,116,344 98% Account Solution 1,474,245 1,511,411 103% Vendor Solution 361,148 349,745 97% Others 329,676 259,373 79% Global
Slide 8: Revenues
Details of Revenues (Millions of Yen) Fiscal Fiscal 2013/3Q 2014/3Q Y on Y Change Total Revenues 94,365 106,244 113% Japan Business 54,273 52,500 97% Account Solution 36,297 36,013 99% Vendor Solution 12,341 11,774 95% Others 10,383 9,942 96% Global Business 40,091 53,743 134% Europe 22,189 30,854 1
Slide 9: Operating Income
Details of Operating Income (Millions of Yen) Fiscal Fiscal 2013/3Q 2014/3Q Y on Y Change Total Operating Income 24,240 27,992 115% Japan Business 15,358 12,626 82% Account Solution 11,159 11,273 101% Vendor Solution 2,590 2,285 88% Others 1,610 1,259 78% Global Business 8,881 15,365 173% Europe 8,1
Slide 10: FY2014 Full-Year Earnings Forecast
FY2014 Full-Year Earnings Forecast FY2013 FY2014 (Millions of Yen) Result Forecast Y on Y Change Revenues 127,979 142,800 112% Expenses 95,380 105,200 110% (of which SG&A expenses) 75,244 81,200 108% (of which financing costs) 20,135 24,000 119% Operating income 32,598 37,600 115% Non-operating inco
Slide 11: (Reference) Voluntary Adoption of International Financial Reporting Standards (IFRS)
(Reference) Voluntary Adoption of International Financial Reporting Standards (IFRS) Purpose of adopting IFRS, global accounting standards ・Broaden domestic and overseas shareholder and investor base ・Diversify funding methods in the global markets Disclosure schedule (plan) Timing of Applicable Fis
Slide 12: (Reference) Major Difference of J-GAAP and IFRS
(Reference) Major Difference of J-GAAP and IFRS for the Year Ended March 31, 2014 (Estimate) (Billions of yen) IFRS J-GAAP(A) Difference (B-A) (estimate)*1(B) Net sales － 342.6 － Gross profit － 105.3 － Revenues 127.9 － － Ordinary income 33.6 － － Income before income taxes 34.3 33.1 (1.2) Net income
Slide 13: (Reference) Major Factors Causing Differences between J-GAAP and IFRS
(Reference) Major Factors Causing Differences between J-GAAP and IFRS Item Description Under IFRS, certain transactions of liquidation of receivables are recognized in the balance sheet, resulting in an increase in total assets. Liquidation of After recognized in the balance sheet, interest equivale
Slide 14: http://www.hitachi-capital.co.jp/
http://www.hitachi-capital.co.jp/ Note: This document contains forward-looking statements with respect to future results, performance and achievements that are subject to risk and uncertainties and reflect management’s views and assumptions formed using information available at the time. Accordingly