Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — IBJ Leasing — Q1 FY2013 Earnings Presentation
7 slides from Mizuho Leasing's earnings presentation, Aug 5, 2013
Slide 1: First-Quarter Results for FY2013
Overview First-Quarter Results for FY2013 August 5, 2013 IBJ Leasing Co., Ltd. This document contains forecasts and other forward-looking statements that are based on information available at the time of preparation of this document. Actual business results may differ materially from those expressed
Slide 2: Consolidated P/L
Consolidated P/L Although there was a decline in gross profit, the improvement in credit costs resulted in a significant increase in profit at all levels - Credit costs in 1Q were negative ¥1.0bn （In the previous term there was ¥3.5bn in provisions） Profit at all levels were higher than the leve
Slide 3: P/L Overview
P/L Overview Amid continued low interest rates, gross profit before write-offs and funding costs declined due to the impact of lower investment yield following operating asset replacement Worked to secure quality funding, funding costs declined as financing rates continued to decline Gross pro
Slide 4: Sales
Sales Contract execution volume declined slightly year on year due to the decline in financing transactions (factoring, etc.) - Leasing and installment sales increased 8% year on year With respect to the operating assets balance, both leasing and installment sales as well as financing were rough
Slide 5: Contract Execution Volume by Equipment Type
Contract Execution Volume by Equipment Type 〔Industrial and factory〕 Contract execution volume by equipment type Captured large auto-related projects, securing considerable volume FY11 FY12 FY13 Percentage (¥bn） 〔Information and communications〕 1Q 1Q 1Q change Responded to large-scale increase Indus
Slide 6: Interest-bearing Debt and Net Assets
Interest-bearing Debt and Net Assets In addition to the active use of CP, issued 2nd issuance of corporate bonds totaling ¥10bn in June (3-Year bonds, Coupon: 0.348％） Net assets increased ¥3.1bn versus March 31, 2013 to ¥88bn, due to the accumulation of net income and other factors - Equity rati
Slide 7: Full Year Forecast
Full Year Forecast Focus on achieving profit targets set out in the 3rd Medium-term Management Plan and solidifying base for further growth Strong progress towards meeting targets in 1Q due to decline in credit costs, but due to continued low interest rates in conjunction with monetary easing an