Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — H1 FY2022 Earnings Presentation
27 slides from Mizuho Leasing's earnings presentation, Nov 8, 2022
Slide 1: Overview First-Half Results for FY2022 (Consolidated)
Overview First-Half Results for FY2022 (Consolidated) Presentation Materials November 8, 2022 Mizuho Leasing Co., Ltd.
Slide 2: Table of Contents
Table of Contents 1. Financial Results and Business ・・・ P.2 Performance Overview 2. Business Update ・・・ P.9 3. Promotion of Sustainability ・・・ P.13 4. Progress Toward Earnings Forecasts ・・・ P.16 and Dividends Appendix ・・・ P.18 1
Slide 3: 1. Financial Results and Business Performance Overview
1. Financial Results and Business Performance Overview
Slide 4: Summary of First-Half Results for FY2022
Summary of First-Half Results for FY2022 Underlying profitability grew steadily, and profits at each income level increased significantly compared with FY2021 results. In addition to the recording of one-off profit in the first quarter, efforts to accumulate assets and focus on profitability con
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 Gross profit Operating income Ordinary income ¥bn before funding costs +4.1 -0.3 +6.4 (D) 15.6 (B) (C) -1.9 -0.9 (A) -0.6 -0.8 9.5 (A) Income from lease, Significantly increased due to one-off profit related to ai
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. Balances decreased in the domestic leasing business, but efforts to focus on profitability continue. Balances grew in the Real Estate
Slide 7: Equity in Earnings and Losses
Equity in Earnings and Losses (Other non-operating Income and loss) The equity in earnings and losses of associated companies increased to ¥4.9 billion in 1H FY2022, due to the robust performance of new investments made in FY2021 and the existing domestic and overseas equity-method affiliates. T
Slide 8: Business Performance Overview
Business Performance Overview The newly executed contract volume in the first half of FY2022 remained at the same level as the previous year due to accumulation in the focus areas of real estate and financing in the second quarter. Operating assets are on an increasing trend. Newly executed cont
Slide 9: Funding
Funding Interest-bearing debt increased in line with the increase in operating assets, while efforts were made to stabilize the funding structure. Funding costs increased due to higher interest rates for foreign currencies. Balance of interest-bearing debt Funding costs (ratio) Borrowings CP Bon
Slide 10: 2. Business Update
2. Business Update
Slide 11: Real Estate / Environment and Energy Businesses
Real Estate / Environment and Energy Businesses Focus Areas 1H Topics • Engaged in real estate projects, such as • Real estate financing, such as REIT, bridge logistics facilities, data centers, offices, and financing for funds, and mezzanine loans rental housing Real Estate • Made proposals to cust
Slide 12: Financing and Investment Business
Financing and Investment Business Focus Areas 1H Topics • Established CVC ⇒ Diversified investment in excellent startups (focus on robotics, EV, storage batteries, etc.) - May 2022: PowerX, Inc. Create Company’s own unique (Manufacture and sales of large storage batteries, etc.) businesses with eyes
Slide 13: Overseas / Aircraft Businesses
Overseas / Aircraft Businesses Focus Areas 1H Topics Expand business investment (joint • Increased in capital in Vietnamese equity-method affiliate, investment with Marubeni) VILC Overseas Deepen finance / lease products (Expansion • Full-scaled operation of vendor finance for agricultural of vendor
Slide 14: 3. Promotion of Sustainability
3. Promotion of Sustainability
Slide 15: Promotion of Sustainability － Solving issues through businesses
Promotion of Sustainability － Solving issues through businesses Leading toward circular economy by developing subscription business in collaboration with business partners. Case 1: Machining Center Case 2: Pipe Inspection Robot In collaboration with ENSHU Limited, a machine tool manufacturer Becau
Slide 16: Promotion of Sustainability － Human Capital Management
Promotion of Sustainability － Human Capital Management Strengthening promotion of diversity and health management with hybrid workstyles Case 1: Improve flexibility of working hours and workplace Case 2: Health management We have been working to establish an environment that will enable We promote
Slide 17: 4. Progress Toward Earnings Forecasts and Dividends
4. Progress Toward Earnings Forecasts and Dividends
Slide 18: Progress Toward Earnings Forecast and Dividends
Progress Toward Earnings Forecast and Dividends Each income level in the first half of FY2022 progressed steadily against the full-year forecasts. We continue to monitor the impact of the global economic downturn caused by inflation and monetary tightening in Europe and the US, depreciation of the
Slide 19: Appendix
Appendix
Slide 20: Changes in Balance in the Focus Areas in the Medium-Term Management Plan
Changes in Balance in the Focus Areas in the Medium-Term Management Plan End-Mar. End-Sep. End-Mar. Change % Change (¥bn) 2022 2022 2021 (2) - (1) (2) / (1) (1) (2) Real estate 481.8 611.8 670.1 +58.3 +10% Land and building leases 155.4 204.6 205.1 +0.5 +0% Bridge/Lease 155.2 118.0 140.4 +22.4 +19%
Slide 21: Consolidated B/S (Assets)
Consolidated B/S (Assets) End-Mar. End-Mar. End-Mar. End-Mar. End-Sep. 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 2,146.5 -20.2 -1% Cash and deposits 25.9 22.8 21.1 25.3 26.0 +0.7 +3% Investment in lease 930.3 1,082.1 1,1
Slide 22: Consolidated B/S (Liabilities and Equity)
Consolidated B/S (Liabilities and Equity) End-Mar. End-Mar. End-Mar. End-Mar. End-Sep. 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 1,556.1 + 7.7 +1% Short-term borrowings 302.2 256.7 317.8 380.3 388.7 + 8.4 +2% Curren
Slide 23: Consolidated P/L
Consolidated P/L FY18 FY19 FY20 FY21 FY22 Change % Change (¥bn) 1H 1H 1H 1H (1) 1H (2) (2) - (1) (2)-(1) / (1) Revenues 179.8 254.9 228.7 260.0 228.8 -31.2 -12% Gross profit before funding costs 25.0 28.9 28.4 29.7 36.1 +6.4 +22% Funding costs 4.1 5.0 4.2 3.7 4.6 +0.9 +24% Gross profit 20.9 24.0 24.
Slide 24: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income FY18 FY19 FY20 FY21 FY22 Change % Change (¥bn) 1H 1H 1H 1H (1) 1H (2) (2) - (1) (2) / (1) Net income 8.9 9.1 13.3 9.9 16.2 +6.3 +65% Unrealized gain on available-for- -0.5 1.6 -2.4 0.1 5.2 +5.1 - sale securities Deferred gain/loss on derivatives 0.0 0.
Slide 25: Gross Profit before Funding Costs by Segment
Gross Profit before Funding Costs by Segment FY18 FY19 FY20 FY21 FY22 Change % Change (¥bn) 1H 1H 1H 1H (1) 1H (2) (2) - (1) (2) / (1) Revenues 179.8 254.9 228.7 260.0 228.8 -31.2 -12% Leasing and installment sales 171.1 246.0 221.7 251.4 216.5 -34.9 -14% Finance 7.9 8.4 7.2 8.7 12.4 +3.7 +43% Other
Slide 26: Newly Executed Contract Volume by Segment
Newly Executed Contract Volume by Segment Leasing and Installment Sales Segment FY20 FY21 FY22 Change % Change (¥bn) 1H 1H (1) 1H (2) (2) - (1) (2) / (1) Information and communications 117.5 56.5 49.0 -7.5 -13% Real estate 88.8 42.3 46.1 +3.8 +9% Industry and factory 61.7 37.2 29.4 -7.8 -21% Transpo
Slide 27: 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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