Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — IBJ Leasing — 1H FY2013 Earnings Presentation
8 slides from Mizuho Leasing's earnings presentation, Nov 5, 2013
Slide 1: Overview of Financial Results: First-Half Results for FY2013
Overview of Financial Results Overview First-Half Results for FY2013 November 5, 2013 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 ma
Slide 2: Consolidated P/L
Consolidated P/L Although there was a decline in gross profit before write-offs and funding costs, the improvement in credit costs/funding costs resulted in a significant increase in profit at all levels ― ¥1.7bn reversal of credit cost provision in 1H (provision of ¥3.3bn booked in the same perio
Slide 3: P/L Overview
P/L Overview Gross profit before write-offs and funding costs declined due to the ongoing reshuffling into low-yield assets amid continued low interest rates Funding costs declined amid continued efforts to improve financing rates 1H efforts towards yield improvement have not yet halted the de
Slide 4: Sales
Sales Contract execution volume declined ¥36.6bn year on year due to the downturn following the nonrecurrence of some large projects executed in the previous fiscal year - Leasing and installment sales to large companies declined ¥32.1bn year on year The balance of operating assets at the end of
Slide 5: Contract Execution Volume by Equipment Type
Contract Execution Volume by Equipment Type 〔Industrial and factory〕 Contract execution volume by equipment type Downturn following the nonrecurrence of some large projects executed in the previous fiscal year FY12 FY11 FY13 (¥bn) 1H Change (%) 1H 1H 〔Information and communications〕 Captured large-s
Slide 6: Interest-bearing Debt and Net Assets
Interest-bearing Debt and Net Assets Reduced funding costs and worked to secure quality funding by utilizing CP and continuing to issue corporate bonds, etc. Net assets increased ¥21.4bn versus March 31, 2013, to ¥106.3bn, due to the public offering, the accumulation of net income and other fact
Slide 7: Purpose of Capital Increase
Purpose of Capital Increase The Japanese economy and Japanese companies are staging a revival under the government’s growth strategy aimed at ending deflation The emergence of companies’ latent capital investment needs means an expansion of business opportunities for the IBJ Leasing Group Fundin
Slide 8: Full Year Forecast
Full Year Forecast Strong progress in 2Q towards meeting full-year targets based on factors including the decline in credit costs, but full year earnings forecast is cautious due to lower yields arising from the reshuffling of assets and in view of an environment where competition, including from