Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — IBJ Leasing — Q1 FY2015 Earnings Presentation
8 slides from Mizuho Leasing's earnings presentation, Aug 6, 2015
Slide 1: Overview of Financial Results: First-Quarter Results for FY2015
Overview of Financial Results Overview First-Quarter Results for FY2015 August 6, 2015 IBJ Leasing Co., Ltd. This document contains forecasts and other forward-looking statements that are based on information available at the time of preparation of this document. Actual business results may differ m
Slide 2: Consolidated P/L
Consolidated P/L Asset volume growth largely offset the decline in yield, limiting the fall in gross profit before write-offs and funding costs to just 0.2%. Credit costs remain low, enabling us to post a ¥0.1 billion reversal of loan loss reserves. Profits at each level were generally in line
Slide 3: Sales
Sales Contract execution volume expanded 9% YoY on an increase in Financings. Operating assets reached a new all-time high, 1% higher than at end of the previous fiscal year. Contract execution volume Operating assets Leasing and installment sales Financing Leasing and installment sales Financin
Slide 4: Leasing and Installment Sales
Leasing and Installment Sales Contract execution volume declined YoY owing to the absence of new Real estate leases in 1Q, but we achieved solid gains in nearly all other areas. ‐ Industrial and factory equipment was strong, as we captured capex related demand from large companies. ‐ Information a
Slide 5: Financing
Financing Contract execution volume and operating assets both increased as we met diverse customer financing needs ‐ Factoring and Specialized Finance contracts increased solidly as we met needs of large companies. ‐ Aircraft Finance expanded as we strengthened relationship management with aircraf
Slide 6: Profitability
Profitability Gross profit before write-offs and funding costs was ¥10.6 billion, down slightly from 1Q FY14 as the steady increase in operating assets largely offset the drop in gross profit margin. Gross profit before write-offs, Yield funding costs FY15 Change (¥bn) Leasing and Installment Sale
Slide 7: Interest-bearing Debt and Net Assets
Interest-bearing Debt and Net Assets Held down funding costs by securing high-quality funds via CP and bond issuance ‐ Issued ¥10 billion 6th issuance of corporate bonds (3-year bonds with coupon rate of 0.151%) Accumulation of net income and other factors boosted net assets by ¥2.5 billion, pus
Slide 8: Full Year Forecast
Full Year Forecast 1Q results were largely in line with plan. Both contract volume and profits made a good start to achieve our full-year targets. Plan to raise annual dividend for the 14th straight year, to ¥60/share in FY15, a ¥4 increase. FY2014 FY2015 Percentag Change (¥bn) (Results) (Foreca