Slide 1: Financial Results for FY2013 Presentation Materials
Presentation Materials Financial Results for FY2013 Presentation Materials May 14, 2014 IBJ Leasing Co., Ltd. （TSE：8425） Inquiries: Toshiyuki Nishii, Investor Relations Division Tel:+81-3-5253-6540 Fax:+81-3-5253-6539 This document is contains forecasts and other forward-looking statements that are
Slide 2: Contents
《Contents》 ◆ FY2013 Financial Results Highlights ・・・・・ 2 Ⅰ．Business Performance Overview ・・・・・・ 3 Ⅱ．Financial Results Overview ・・・・・・・・ 10 Ⅲ．The Fourth Mid-term Management Plan ・・ 15 Ⅳ．Business and Dividend Forecast ・・・・・ 19 (Appendix) ・・・・・・・・・・・・・・・・・ 21 1
Slide 3: FY2013 Financial Results Highlights
FY2013 financial Results Highlights In addition to minimizing the impact of the drop in interest rates by aggressively accumulating operating assets, cost improvements resulted in an increase in operating, ordinary and net income Achieved the targets for the final fiscal year of the previous Mid
Slide 4: Business Performance Overview
Ⅰ．Business Performance Overview 3
Slide 5: Business Overview
Business Overview Diverse needs were captured, resulting in an increase in contract execution volume for both leasing and installment sales as well as financing The balance of operating assets increased to ¥1.343 trillion, exceeding the fiscal year target of ¥1.3 trillion Contract Execution Volu
Slide 6: Leasing and Installment Sales
Leasing and Installment Sales Overall contract execution volume increased y-o-y as companies’ capital investment needs were widely captured -The decline due to the fading of some large projects was absorbed by growth in other equipment types Initiatives targeting the growth sector of domestic de
Slide 7: Sales Activities (Leasing and Installment Sales)
Sales Activities (Leasing and Installment Sales) [Commerce and Services] Leveraged real estate leasing to support business development efforts by top blue-chip companies In addition to in-store equipment, steadily captured the demand for solar power generation and other energy-saving equipment [
Slide 8: Financing
Financing Contract execution volume increased ¥21.0 billion y-o-y, to ¥452.8 billion - Captured diverse financing needs, resulting in a steady increase in areas such as factoring and specialized financing The balance of operating assets increased ¥31.4 billion versus March 31, 2013, due to stead
Slide 9: Sales Activities (Financing)
Sales Activities (Financing) [Aircraft Financing] Accumulated superior assets, such as aircraft-backed collateral loans to top airlines, while keeping portfolio diversified [Specialized Financing] Enhanced ability to handle new specialized financing, and diversified fields of business - Energy-r
Slide 10: Sales Activities (Overseas)
Sales Activities（Overseas） Supported Japanese companies’ overseas development, particularly in Asia - Overseas offices, the Asia desk, and units in Japan worked together to capture a wide range of needs - In addition to using domestic RM to capture business deals, efforts to cultivate business loc
Slide 11: Financial Results Overview
Ⅱ．Financial Results Overview 10
Slide 12: Consolidated P/L
Consolidated P/L Gross profit before write-offs and funding declined as a result of continued asset reshuffling, resulting in a drop in yields Operating income, ordinary income, and net income increased by double digits due to the improvement in credit costs and a decline in funding costs Percen
Slide 13: Profitability
Profitability Some of the decline in gross profit before write-offs caused by the drop in leasing and installment sales was offset by the increase in financing. Yields declined due to the reshuffling of assets amid the drop in market interest rates and the flattening of the yield curve Gross pro
Slide 14: Funding
Funding Utilized market funding by issuing CP and corporate bonds (3-Year Corporate Bond: ¥20 billion issued) The cost of funds ratio continued to drop due to unified Group financing, including revisions of the funding composition Interest-bearing Debt Funding Costs（%） （¥bn） Securitized bonds an
Slide 15: Credit Costs
Credit Costs Credit costs declined by ¥3.1 billion versus the previous year to ¥800 million of carryover reserves, due to the reversal of prior years’ reserves - Individual deals and the correction of the yen’s appreciation resulted in a reversal of prior years’ vessel-related reserves - Made the
Slide 16: The Fourth Mid-term Management Plan
Ⅲ．The Fourth Mid-term Management Plan 15
Slide 17: The outline of the Fourth Mid-term Management Plan
The outline of the Fourth Mid-term Management Plan ＜Major Results＞ The Third Mid-term - Significant increases in operating assets through large scale M&A’s Management Plan - Successful business development in distribution/retail and medical sectors （Year ２０１１－２０１３） - Sufficient funding secured for f
Slide 18: Basic strategy for the Fourth Mid-term Management Plan
Basic strategy for the Fourth Mid-term Management Plan The Fourth Mid-term Management Plan （Year 2014—2016） Vision General financial services group fully in tune with needs and trends of the time, uniquely positioned to grow with clients Basic strategies Further enhance core earnings and build robus
Slide 19: Target Value for the final year of the management plan
Target Value for the final year of the management plan Balance of operating assets Net Income （¥bn） （¥bn） 1,500.0 1,500 12.0 （Target） 12 1,343.0 （Target） 10.5 1,200.0 10 （Target for previous MT 100 1,000 plan) 9.0 （Target for 928.6 previous MT plan） 8 5000 60 End of Mar End of Mar End of Mar FY10 FY
Slide 20: Business and Dividend Forecasts
Ⅳ．Business and Dividend Forecasts 19
Slide 21: Business and Dividend Forecasts
Business and Dividend Forecasts Amid the ongoing fierce competitive environment, will steadily roll out basic strategies aimed at taking a sure step towards realizing stable growth in the first fiscal year of the new Mid-term Management Plan - Forecasting higher net income, as the increase in base
Slide 22: Appendix
Appendix 21
Slide 23: Company Profile
Company Profile Company Name: IBJ Leasing Company, Limited Address: 1-2-6 Toranomon, Minato-ku, Tokyo 105-0001 Business: Multimodal financial services Representative: Setsu Onishi, President and CEO Establishment: December 1, 1969 Listing: Tokyo Stock Exchange, 1st Section (Code:8425) Capital Stock:
Slide 24: Shareholders (As of March 31, 2014)
Shareholders（As of March 31, 2014） ○Outstanding Shares: 42,649 thousand ○Largest shareholders Shares ○Shareholders 18,324 Shareholders held （thousand） Ratio （％） ○Shareholder Distribution（Holding ratio） The Dai-ichi Life Insurance Company, Limited 2,930 6.87 NISSAN MOTOR.,LTD. Retirement Benefit Trus
Slide 25: IBJ Leasing Group
IBJ Leasing Group Expansion of Market Footprint: Utilize client base held by operating companies and financial institutions IBJL-TOSHIBA Dai-ichi Leasing Nissan Leasing Leasing Main customer: Toshiba Group Main clients: Dai-ichi Life Main clients: Nissan Motor and its customers Insurance corporate c
Slide 26: Business Infrastructure
Business Infrastructure Contract Execution Volume Balance of operating assets (Leasing and by Corporate Size Installment sales) by equipment type 942.8 （¥bn） Other 16.2% 18.8% Small Sized Companies Commerce and Large Services 7.5% 19.4％ 13.4% companies 640.7 Medical 9.1% Medium 67.4％ 13.7% 5.7% Cont
Slide 27: Consolidated B/S (Assets)
Consolidated B/S (Assets) （¥bn） Mar.31, Mar.31, Mar.31, Mar.31, Mar.31, Change Change 2010 2011 2012 2013 2014 (B) – (A) (B)/(A) (A) (B) Current Assets 904.9 947.9 1229.1 1265.6 1356.0 +90.4 +7.1% Cash and Cash equivalents 18.5 37.7 41.3 30.5 37.7 +7.2 +23.4% Lease receivable 522.3 511.7 704.2 728.9
Slide 28: Consolidated B/S (Liabilities and Net worth)
Consolidated Ｂ／Ｓ（Liabilities and Net worth） （¥bn） Mar.31, Mar.31, Mar.31, Mar.31, Mar.31, Change Change 2010 2011 2012 2013 2014 (B) - (A) (B)/(A) (A) (B) Current Liabilities 701.6 705.9 900.9 979.9 1019.0 +39.1 +4.0% Short-term borrowings 92.6 137.5 172.9 233.5 295.4 +61.9 +26.5% Current portion of
Slide 29: Consolidated statements of income
Consolidated statements of income （¥bn） FY2012 FY2013 Change Change FY2009 FY2010 FY2011 (A) (B) (B)－(A) (B)/(A) Revenues 263.6 256.1 270.1 352.5 354.8 +2.3 +0.6% Gross profit before write-offs 36.7 36.5 36.6 44.3 43.0 -1.3 -2.9% and funding costs Funding costs 7.2 5.5 5.3 6.6 6.4 -0.2 -2.6% Gross p
Slide 30: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income （¥bn） FY2012 FY2013 Change Change FY2009 FY2010 FY2011 (A) (B) (B)-(A) (B)/(A) Net income before minority 7.1 9.1 4.4 9.6 11.0 +1.4 +15.4% interests Unrealized gain on available- 1.4 -0.5 -0.0 1.6 0.9 -0.7 -44.8% for-sale securities Deferred loss on der
Slide 31: Gross profit before write-offs and funding costs by segment
Gross profit before write-off s and funding costs by segment （¥bn） FY2009 FY2010 FY2011 FY2012 FY2013 Change Change (A) (B) (B)-(A) (B)/(A) Revenues 263.6 256.1 270.1 352.5 354.8 +2.3 +0.6% Leasing 242.0 233.8 249.6 327.5 316.2 -11.3 -3.5% Installment sales 14.5 14.2 11.6 15.4 25.9 +10.5 +67.7% Loan