Mitsubishi HC Capital Inc. · TSE:8593
Mitsubishi HC Capital — Hitachi Capital — Q2 FY2014 Earnings Presentation
14 slides from Mitsubishi HC Capital's earnings presentation, Oct 27, 2014
Slide 1: Consolidated Financial Results Summary for the Second Quarter ended September 30, 2014
Consolidated Financial Results Summary for the Second Quarter ended September 30, 2014 October 27, 2014 © Hitachi Capital Corporation 2014. All rights reserved.
Slide 2: Fiscal 2014 1st Half Earnings Summary (Results)
Fiscal 2014 1st Half Earnings Summary (Results) Fiscal Fiscal (Millions of Yen, %) 2013/1H 2014/1H Y on Y Change Revenues 62,544 68,874 110 Expenses 46,681 50,603 108 (of which SG&A expenses) 37,373 39,477 106 (of which financing costs) 9,307 11,126 120 Operating income 15,863 18,271 115 Non-operati
Slide 3: Changing Factors of FY2014 1st Half Ordinary Income
Changing Factors of FY2014 1st Half Ordinary Income ⑤ ⑥ ④ ③ Effect of Smart ⑦ ② Transformation Prior Decrease of Project Investment of bad-debt Scale down of ① Increase in expense +0.5 Smart Non-operating Transformation consumer income + 0.5 Project business Effect of Exchange +0.6 ▲1.2 ▲0.5 rate ch
Slide 4: Expenses
Details of Expenses (Millions of Yen, %) Fiscal Fiscal 2013/1H 2014/1H Y on Y Change Expenses 46,681 50,603 108 SG&A expenses 37,373 39,477 106 Personnel expenses 20,650 22,090 107 Business management expenses, etc. 14,685 15,838 108 Provision for allowance for losses on receivables and loan 2,037 1
Slide 5: Credit Loss by Geographical Segment
(Reference) Credit Loss by Geographical Segment (Millions of Yen, %) Fiscal Fiscal 2013/1H 2014/1H Y on Y Change Credit loss 1,529 1,848 +319 Credit loss ratio（%） 0.11 0.12 +0.01 Credit loss 482 643 +161 Japan Credit loss ratio（%） 0.05 0.06 +0.02 Europe and Credit loss 495 536 +40 Americas Credit lo
Slide 6: Balance Sheets
Balance Sheets （Billions of Yen） As of As of September 30, vs As of September 30, vs As of 2014 March 31, 2014 2014 March 31, 2014 Total current assets 2,165.7 +190.1 Total current liabilities 1,063.2 +0.3 Cash on hand and at bank 43.0 +12.0 Trade payables 256.9 ▲19.4 Parent company deposit Bank loa
Slide 7: Volume of Business
Details of Volume of Business (Millions of Yen, %) Fiscal Fiscal 2013/1H 2014/1H Y on Y Change Total Volume of Business 934,260 991,142 106 Japan Business 607,604 567,899 93 Account Solution 509,915 490,533 96 Vendor Solution 77,326 70,692 91 Others 22,319 8,763 39 Global Business 326,655 423,243 13
Slide 8: Total Accounts Receivable
Details of Total Accounts Receivable (Millions of Yen, %) Fiscal Fiscal 2013/1H 2014/1H Y on Y Change Total Accounts Receivable 2,908,188 3,169,593 109 Japan Business 2,140,302 2,079,757 97 Account Solution 1,431,558 1,456,033 102 Vendor Solution 375,786 356,394 95 Others 336,695 271,879 81 Global B
Slide 9: Revenues
Details of Revenues (Millions of Yen, %) Fiscal Fiscal 2013/1H 2014/1H Y on Y Change Total Revenues 62,544 68,874 110 Japan Business 36,648 34,888 95 Account Solution 24,186 23,718 98 Vendor Solution 8,548 7,983 93 Others 7,016 6,587 94 Global Business 25,895 33,986 131 Europe 14,150 19,650 139 The
Slide 10: Operating Income
Details of Operating Income (Millions of Yen, %) Fiscal Fiscal 2013/1H 2014/1H Y on Y Change Total Operating Income 15,863 18,271 115 Japan Business 10,558 8,195 78 Account Solution 7,702 6,926 90 Vendor Solution 1,929 1,543 80 Others 1,206 860 71 Global Business 5,304 10,075 190 Europe 5,435 7,665
Slide 11: FY2014 Full-Year Earnings Forecast
FY2014 Full-Year Earnings Forecast FY2013 FY2014 (Millions of Yen, %) Result Forecast Y on Y Change Revenues 127,979 139,300 109 Expenses 95,380 104,300 109 (of which SG&A expenses) 75,244 80,300 107 (of which financing costs) 20,135 24,000 119 Operating income 32,598 35,000 107 Non-operating income
Slide 12: Changing Factors from the latest released forecasts
Changing Factors from the latest released forecasts （Ordinary Income） ③ ② Increase in Non-operating ① income Effect of +0.7 Exchange rate changes Expansion of +1.0 Global Business 36.6 +0.9 34.0 The latest Revised forecast released forecast ：Increasing factors ：Decreasing factors （2014.10.27） （2014.
Slide 13: Changes from the latest released forecasts (Ordinary Income, Dividends)
（Reference） Changes from the latest released forecasts （Ordinary Income ・ Dividends） Ordinary Income （FY2014 Forecast） Dividends per share (yen) （FY2014 Forecast） ¥36.6 Billion ¥54 （+¥4） ¥34 Billion +¥2.6 Billion ¥50 ¥27 Year ¥25 （+¥2） Ended ¥27 First Half ¥25 （+¥2） Ended The latest released Revised
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