Slide 1: Financial Results for FY2015 Presentation Materials
Presentation Materials Financial Results for FY2015 Presentation Materials May 13, 2016 IBJ Leasing Co., Ltd. (Securities Code: 8425) Inquiries: Toshiyuki Nishii, Corporate Communication Division Tel:+81-3-5253-6540 Fax:+81-3-5253-6539 This document contains forecasts and other forward-looking state
Slide 2: Contents
Contents ◆ FY2015 Results Highlights ・・・・・・・ 2 Ⅰ． Business Performance Overview ・・・ 3 Ⅱ． Financial Results Overview ・・・・・10 Ⅲ． FY2016 Business Plan ・・・・・・・14 (Appendix) ・・・・・・・・・・・・・・17 1
Slide 3: FY2015 Results Highlights
FY2015 Results Highlights Promotion of Medium-term Management Plan’s strategies produced steady profit growth - Early achievement of plan’s ¥1,500 billion goal for operating assets - Gross profit before write-offs and funding costs increased on enhancement of core earnings power - Achieved net inc
Slide 4: Ⅰ. Business Performance Overview
Ⅰ. Business Performance Overview 3
Slide 5: Overall situation
Overall situation Achieved double-digit growth in contract execution volume and operating assets Achieved growth in these two key indicators in both segments - Leasing and installment sales: contract execution volume up ¥9.1bn, operating assets up ¥73.2bn - Financings: contract execution volume
Slide 6: Leasing and Installment Sales
Leasing and Installment Sales Contract execution volume rose to record high for second straight year - Steady expansion in volume for almost all equipment types - Information and communications up sharply on capital investment by major telecom company - Construction’s decline reflects fallback to
Slide 7: Financing
Financing Contract execution volume up 23% y-o-y as responses to diverse needs helped capture highly profitable deals - Specialized Finance: aggressively responded to financing needs dictated by corporate capital policies - Aircraft Finance: increased operating assets by flipping large prepayment
Slide 8: Developments in Focus Areas (1)
Developments in Focus Areas (1) Building business with domestic demand-oriented industries Expanding customer base by promoting comprehensive proposal-based marketing that meets diverse needs - Increased real estate leases (land, buildings) by strengthening ties with developers of large retail pro
Slide 9: Developments in Focus Areas (2)
Developments in Focus Areas (2) 4th Medium-term Management Plan positions aircraft-related business as growth sector - Accumulating superior assets with focus on aircraft-backed collateral loans to leading airlines As a new initiative, established joint venture with Aircastle in US to specialize
Slide 10: Overseas Business
Overseas Business Focus on accumulating superior assets with firm grip on risk-return Promoting new developments targeted at medium-and long-term broadening of overseas business base - Continuing to develop business with select, blue-chip, non-Japanese companies - Meeting sales financing needs o
Slide 11: II. Financial Results Overview
II. Financial Results Overview 10
Slide 12: Consolidated P/L
Consolidated P/L Gross profit before write-offs and funding costs increased ¥3.2 bn y-o-y on a quantitative and qualitative increase in operating assets After a ¥1.3 bn provision for credit costs, operating and ordinary income were broadly flat y-o-y Net income exceeded plan and reached an all
Slide 13: Profitability
Profitability Gross profit before write-offs and funding costs increased at Leasing and Installment Sales and Financing segments - Profit on Leasing and Installment Sales up ¥0.8bn y-o-y on increase in operating assets - Financing profit up ¥2.4bn y-o-y on steady increase in highly-profitable deal
Slide 14: Interest-bearing Debt and Net Assets
Interest-bearing Debt and Net Assets Interest-bearing debt rose in tandem with increase in operating assets Aggressive use of market-based funding, via CP and bond issuance, lowered Cost of funding (CoF) ratio Interest-bearing debt Funding costs(%) (¥bn) Cost of funding CoF Ratio (¥bn) Borrowing
Slide 15: Ⅲ. FY2016 Business Plan
Il. FY2016 Business Plan 14
Slide 16: Strategies for FY2016
Strategies for FY2016 Strategic initiatives to achieve goals of Medium-term Management Plan including net income target and lay foundation for sustained growth - Enhance earnings power of core businesses, especially leasing/installment sales - Improve quality/size of specialty finance portfolio to
Slide 17: Earnings Forecasts and Dividends
Earnings Forecasts and Dividends Japan’s economy is expected to return to recovery track but faces downside risks from weak consumer spending, slowdowns in overseas economies, and strong yen’s downward pressure on exports Expecting profit growth at each level in FY16, and a 4th straight year of
Slide 18: Appendix
Appendix 17
Slide 19: Company Profile
Company Profile Company Name: IBJ Leasing Company, Limited Address: 1-2-6 Toranomon, Minato-ku, Tokyo 105-0001 Representative: Setsu Onishi, President and CEO Establishment: December 1, 1969 Listing: Tokyo Stock Exchange, 1st Section (Code:8425) Capital Stock: ¥17.9 billion (Outstanding shares: 42,6
Slide 20: Shareholders (As of March 31, 2016)
Shareholders(As of March 31, 2016) ○Outstanding Shares: 42,649 thousand ○ Largest shareholders ○Shareholders 34,355 Shareholders Shares Ratio held (%) (thousand) ○Shareholder Distribution (Holding ratio) The Dai-ichi Life Insurance Company, Limited 2,930 6.87 NISSAN MOTOR.,LTD. Retirement Benefit Tr
Slide 21: IBJL Group Internal Control System
IBJL Group Internal Control System ○ IBJL Group has established and continues to effectively and appropriately operate an internal control system that ensures proper conduct of business operations ○ Management structure: 8 directors (incl. 2 outside directors), 4 auditors (incl. 3 outside auditors)
Slide 22: Consolidated B/S (Assets)
Consolidated B/S (Assets) (¥bn) Mar.31, Mar.31, Mar.31, Mar.31, Mar.31, Change Change 2015 2016 2012 2013 2014 (B) – (A) (B)/(A) (A) (B) Current Assets 1,229.1 1,265.6 1,356.0 1,434.4 1,554.0 +119.6 +8.3% Cash and Cash equivalents 41.3 30.5 37.7 38.7 49.4 +10.7 +27.6% Lease receivable 704.2 728.9 75
Slide 23: 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 2015 2016 2012 2013 2014 (B) – (A) (B)/(A) (A) (B) Current Liabilities 900.9 979.9 1,019.0 1,044.3 1,119.2 +74.9 +7.2% Short-term borrowings 172.9 233.5 295.4 336.5 364.4 +27.9 +8.3% Current porti
Slide 24: Consolidated statements of income
Consolidated statements of income (¥bn) FY14 FY15 Change Change FY11 FY12 FY13 (B) (B) – (A) (A) (B)/(A) Revenues 270.1 352.5 354.8 353.7 364.2 +10.5 +3.0% Gross profit before write-offs 36.6 44.3 43.0 41.6 44.8 +3.2 +7.7% and funding costs Funding costs 5.3 6.6 6.4 6.3 6.4 +0.1 +0.4% Gross profit 3
Slide 25: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income (¥bn) FY14 FY15 Change Change FY11 FY12 FY13 (B) (B) – (A) (A) (B)/(A) Net income＊ 4.4 9.6 11.0 11.6 12.1 +0.5 +4.9% Unrealized gain on available-for- -0.0 1.6 0.9 2.8 1.6 -1.2 -41.1% sale securities Deferred loss on derivatives under -0.0 -0.1 0.3 0.1
Slide 26: Gross profit before write-offs and funding costs by segment
Gross profit before write-offs and funding costs by segment (¥bn) FY14 FY15 Change Change FY11 FY12 FY13 (B) (B) – (A) (A) (B)/(A) Revenues 270.1 352.5 354.8 353.7 364.2 +10.5 +3.0% Leasing 249.6 327.5 316.2 318.6 337.4 +18.8 +5.9% Installment sales 11.6 15.4 25.9 25.2 14.6 -10.6 -42.0% Loans 6.5 7.