Japan Securities Finance Co., Ltd. · TSE:8511
Japan Securities Finance — Q3 FY2016 Earnings Presentation
40 slides from Japan Securities Finance's earnings presentation, 2016
Slide 1: Japan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd
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Slide 5: Operating Revenues by Business
\ mil ( ) ratio of OR Dec-15 Dec-16 Securities Finance Bussiness Margin Loan Business Interest on Loans Interest on collateral money of securities borrowed Fees on Lending Securities Premium Charges Lending Fees Bond Financing and General Loans Business Bond financing & General Loans Loans for Neg
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Slide 9: Holdings of JGBs
— mm over 10 years mi) Holdings of JGBs 12,000 mmm 5 years to 10 years mmm 1 year to 5 years 20,000% 8,378 8,428 ue" 1 year 8,000 - 6,000 5,356 4,000 2,000 0 Dec.15 Mar.16 Jun.16 Sep.16 Dec.16
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Slide 12: FY2016 3Q Results (Reference)
\ mil FY 2016, 3Q Results (Reference) Shareholding FY2015 3Q Ratio Operating Recurring Net Net Income Revenues Income Income Consolidated 17,032 3,366 2,848 2,392 JSF - 14,166 2,750 2,405 1,856 JSF Trust Bank 100% 2,233 397 348 243 Nihon Building 100% 942 492 367 259 Equity-method Gain or Loss in Eq
Slide 13: (+341) (+250) (+354) 2,645 +400 +400 +400 (+313) (+191) (+328) 1,971 +400 +400 +300
(+341) (+250) (+354) 2,645 +400 +400 +400 (+313) (+191) (+328) 1,971 +400 +400 +300 ( 70) ( 100) 450 315 20 20 +30
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Slide 19: Operating Revenues, Expenses and Income
FY2015 FY2016 FY2012 FY2013 FY2014 FY2015 Apr. Dec. Apr. Dec. Operating Revenues 17,675 19,566 20,300 16,148 22,035 17,032 Ex Premium charges 14,718 16,195 15,856 11,802 16,160 12,354 Operating Expenses 8,193 8,747 9,450 8,111 11,537 8,156 7,694 8,249 7,824 5,916 7,939 6,018 Operating Income 1,787 2
Slide 20: Operating Revenues by Business
\ mil Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Dec-15 Mar-16 Dec-16 Securities Finance Bussiness 17,558 15,186 14,093 16,363 Margin Loan Business 8,922 6,756 6,625 9,240 (39.0%) (33.4%) (37.5%) (47.2%) Interest on Loans 2,809 1,783 1,760 4,012 Interest on collateral money of securities borrowed 826 639 65
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Slide 27: Margin Loan and Stock Loan Balances
¥ tri 3.0 50% Margin Buying Balance 45% 2.5 Margin Loan Balance 40% Ratio 2.0 35% 30% 1.5 25% 20% 1.0 15% 0.5 10% 5% 0.0 0% 08 09 10 11 12 13 14 15 16 1.0 tri 100% Margin Selling Balance 0.9 90% Stock Loan Balance 0.8 Ratio 80% 0.7 70% 0.6 60% 0.5 50% 0.4 40% 0.3 30% 0.2 20% 0.1 10% 0.0 0% 08 09 10
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Slide 30: Loan Rate, Lending Fee and BOJ Policy Rate
Loan Rate Lending Fee Interest Rate on Collateral Money of Stock Loan BOJ Policy Rate 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0%
Slide 31: Loan Rate and Collateral Interest Rate History
10.0% 9.0% 8.75% Loan Rate Interest Rate on Collateral Money of Stock Loan 8.0% Lending Fee 7.0% Profit Margin 6.0% 5.00% 5.0% Sep-93 Mar-16 4.0% 3.75% Nov-10 Aug-14 3.0% Jan-09 2.0% May-02 1.0% 1.00% 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 15 16
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Slide 33: Dec-15 Mar-16 Dec-16
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Slide 34: Loan Balance and Ratio
\mil Loan Loan Loan ratio ratio ratio Balance Balance Balance
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Japan Securities Finance — Q3 FY2016 Earnings Presentation on 6ix