Japan Securities Finance Co., Ltd. · TSE:8511
Japan Securities Finance — Q1 FY2015 Earnings Presentation
25 slides from Japan Securities Finance's earnings presentation, Jun 1, 2015
Slide 1: Slide 1
Slide 2: Slide 2
Slide 3: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 3
Slide 4: Japan Securities Finance Co.,Ltd
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Slide 5: Japan Securities Finance Co.,Ltd
1 2015 3 1 Japan Securities Finance Co.,Ltd 5
Slide 6: Japan Securities Finance Co.,Ltd
2 3 Japan Securities Finance Co.,Ltd 6
Slide 7: Japan Securities Finance Co.,Ltd
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Slide 8: 1Q results
14 3 15 3 1Q 1Q 565 839 273 112 124 11 283 283 794 507 287 315 315 228 332 561 229 332 561 44.77 71.36 Japan Securities Finance Co.,Ltd 8
Slide 9: Japan Securities Finance Co.,Ltd
2015 3 ( ) 2015 3 2014 3 2,800 800 喰 1,400 4,200 2,200 2014 1Q 0.77 0% 3,085 0.40 678 喰 26 8 6 0.77 →0.64 1,106 4,191 1,784 Japan Securities Finance Co.,Ltd 9
Slide 10: Japan Securities Finance Co.,Ltd
26 8 6 0.77 →0.64 Japan Securities Finance Co.,Ltd 10
Slide 11: Slide 11
Slide 12: Dividends (DOE)
(DOE) 2015 3 14 7 7 2014 2008 2009 2010 2011 2012 2013 20 14 14 14 14 14 14 10 7 7 7 7 7 7 10 7 7 7 7 7 7 80.3 38.6 37.7 8.4 19.1 60.4 27.6 - 36.5% 37.1% 166.3% 73.3% 23.2% 50.7% DOE 1.7% 1.2% 1.2% 1.2% 1.2% 1.2% 1.2% 28.3 27.0 17.3 13.2 11.0 55.3 20.0 70.7% 51.9% 80.7% 106.0% 127.1% 25.3% 70.0% J
Slide 13: Japan Securities Finance Co.,Ltd
26 1 (2014 5 12 ) 750 ( ) * 6.9 45 ( ) 2014 5 13 7 29 26 2 (2014 7 30 ) 450 ( ) * 4.3 28 ( ) 2014 7 31 9 26 * Japan Securities Finance Co.,Ltd 13
Slide 14: Share repurchases since 2008
2008 2008/4/1 2008/4/18 4,312,800 2,999 99,704,000 2008/5/15 2008/6/11 978,900 999 99,704,000 2008/6/27 2008/7/25 1,000,000 881 99,704,000 2008/9/24 6,004,000 93,700,000 6,291,700 4,881 Japan Securities Finance Co.,Ltd 14
Slide 15: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 15
Slide 16: Japan Securities Finance Co.,Ltd
490,635 601,206 157,232 201,076 36,223 48,103 77,612 63,043 23,092 32,500 748,572 897,825 176,476 198,781 Japan Securities Finance Co.,Ltd 16
Slide 17: Japan Securities Finance Co.,Ltd
6.0 60% 5.0 50% 4.0 40% 3.0 30% 2.0 20% 1.0 10% 0.0 0% 1.2 90% 80% 1.0 70% 0.8 60% 50% 0.6 40% 0.4 30% 20% 0.2 10% 0.0 0% Japan Securities Finance Co.,Ltd 17
Slide 18: Japan Securities Finance Co.,Ltd
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Slide 19: Japan Securities Finance Co.,Ltd
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Slide 20: Japan Securities Finance Co.,Ltd
喰 喰 26 8 6 0.77 →0.64 Japan Securities Finance Co.,Ltd 20
Slide 21: Interest rate trends
2006 7 O/N 0.25% 2007 2 O/N 0.50% 2008 10 O/N 0.30% 0.20% 0.40% 0.64% 2008 12 O/N 0.10% 0.20% 2010 10 O/N 0 0.10% 0.10 0% 0% 2013 4 2006 7 27 0.74% +0.14% 1.2% 2006 9 22 0.86% +0.12% 1.0% 2007 3 15 1.02% +0.16% 2007 4 5 1.11% +0.09% 0.8% 0.6% 2009 1 29 0.97% 0.14% 2010 11 22
Slide 22: Interest rate history
10.0% 9.0% 8.75% 8.0% 鞘 7.0% 6.0% 2014 8 5.00% 5.0% 1993 9 2010 11 4.0% 3.75% 3.0% 2002 5 2009 1 2.0% 1.17% 1.0% 1.04% 0.0% 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 Japan Securities Finance Co.,Ltd 22
Slide 23: Japan Securities Finance Co.,Ltd
2014 2016 Japan Securities Finance Co.,Ltd 23
Slide 24: Japan Securities Finance Co.,Ltd
13 9 14 3 14 6 13 9 14 3 14 6 375,273 418,036 445,557 20,828 31.7% 15,809 24.7% 13,640 21.8% 20,001 15,133 70,039 0 0.0% 0 0.0% 0 0.0% 355,272 402,902 375,518 240 0.4% 192 0.3% 192 0.3% 80,524 76,860 72,611 468 0.7% 367 0.6% 0 0.0% 152,318 138,682 122,450 0 0.0% 0 0.0% 0 0.0% 4 4 4 640 1.0% 0 0.0% 0
Slide 25: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd 25
Japan Securities Finance — Q1 FY2015 Earnings Presentation on 6ix