Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — Q1 FY2022 Earnings Presentation
18 slides from Mizuho Leasing's earnings presentation, Aug 4, 2022
Slide 1: Overview First-Quarter Results for FY2022 (Consolidated)
Overview First-Quarter Results for FY2022 (Consolidated) Presentation Materials August 4, 2022 Mizuho Leasing Co., Ltd.
Slide 2: Table of Contents
Table of Contents 1. Financial Results and Business ・・・ P.2 Performance Overview 2. Progress Toward Earnings Forecasts ・・・ P.9 Appendix ・・・ P.11 1
Slide 3: 1. Financial Results and Business Performance Overview
1. Financial Results and Business Performance Overview
Slide 4: Summary of First-Quarter Results for FY2022
Summary of First-Quarter Results for FY2022 Underlying profitability improved due to the accumulation of assets and improved profitability, primarily in focus areas. Gross profit before funding costs increased, due in part to the one-off factor of the payment after grace period related to some air
Slide 5: Factors behind Changes in Net Income Attributable to Owners of the Parent
Factors behind Changes in Net Income Attributable to Owners of the Parent ¥bn +2.4 +0.1 +3.6 (B) (D) 8.1 (C) -0.2 -1.5 -0.8 (A) -0.4 5.0 In addition to the accumulation of assets in the profitable financing business segment, the (A) Income from lease, payment after grace period related to some aircr
Slide 6: Operating Assets and Gross Profit before Funding Costs by Business Area
Operating Assets and Gross Profit before Funding Costs by Business Area Operating assets are slightly down since end FY2021. The domestic leasing business decreased due to reductions in short-term commercial distribution financing. Balances grew in the growing focus areas of real estate, envir
Slide 7: Equity in Earnings and Losses (Other non-operating Income)
Equity in Earnings and Losses (Other non-operating Income) Equity in earnings increased to ¥3.0 billion in 1Q FY22, driven by new investments in domestic group companies in the previous fiscal year. Although the deficit narrowed, equity in earnings and losses of Aircastle remained in the red. Eq
Slide 8: Business Performance Overview
Business Performance Overview Despite a y-o-y decline in contract execution volume due to a decrease in short-term commercial distribution financing, operating assets are on an increasing trend. Although there are variations from quarter to quarter, future profit and profit margin remain steady.
Slide 9: Funding
Funding Interest-bearing debt increased in accordance with the increase in operating assets, and stabilizing the funding structure. Funding costs increased due to higher funding accompanying the accumulation of assets and higher interest rates for foreign currencies. In June 2022, credit ratin
Slide 10: 2. Progress Toward Earnings Forecasts
2. Progress Toward Earnings Forecasts
Slide 11: Progress Toward Earnings Forecast
Progress Toward Earnings Forecast Profits for each stage in the first quarter progressed steadily against the full-year forecast. Although recovery from the COVID-19 pandemic is expected, we are keeping an eye on the impact of rising inflationary pressure from rising resource prices due to the sit
Slide 12: Appendix
Appendix
Slide 13: Consolidated B/S (Assets)
Consolidated B/S (Assets) End-Mar. End-Mar. End-Mar. End-Mar. End-Jun. Change % Change (¥bn) 2019 2020 2021 2022 (1) 2022 (2) (2) - (1) (2) / (1) Current assets 1,866.6 1,947.3 2,085.1 2,166.7 2,133.6 -33.1 -1.5% Cash and deposits 25.9 22.8 21.1 25.3 25.0 -0.4 -1.4% Investment in lease 930.3 1,082.1
Slide 14: Consolidated B/S (Liabilities and Equity)
Consolidated B/S (Liabilities and Equity) End-Mar. End-Mar. End-Mar. End-Mar. End-Jun. Change % Change (¥bn) 2019 2020 2021 2022 (1) 2022 (2) (2) - (1) (2) / (1) Current liabilities 1,294.2 1,314.1 1,492.9 1,548.4 1,505.6 -42.8 -2.8% Short-term borrowings 302.2 256.7 317.8 380.3 378.6 -1.7 -0.4% Cur
Slide 15: Consolidated P/L
Consolidated P/L 2021 1Q 2022 1Q Change % Change (¥bn) 2018 1Q 2019 1Q 2020 1Q (1) (2) (2) - (1) (2)-(1) / (1) Revenues 85.4 143.2 115.4 118.3 114.0 -4.3 -3.6% Gross profit before funding costs 12.4 14.5 14.6 14.5 18.1 +3.6 +24.5% Funding costs 2.0 2.6 2.2 1.9 2.1 +0.2 +10.3% Gross profit 10.4 11.9
Slide 16: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income 2021 1Q 2022 1Q Change % Change (¥bn) 2018 1Q 2019 1Q 2020 1Q (1) (2) (2) - (1) (2) / (1) Net income 4.4 4.3 7.6 5.1 8.5 +3.4 +66.0% Unrealized gain on available-for- -1.0 -0.6 -2.2 -0.1 3.8 +3.9 - sale securities Deferred gain/loss on derivatives -0.1
Slide 17: Contract execution volume by segment
Contract execution volume by segment Leasing and Installment Sales Segment FY20 FY21 FY22 Change % Change (¥bn) 1Q 1Q (1) 1Q (2) (2) - (1) (2) / (1) Real estate 33.2 23.3 11.8 -11.5 -49.5% Information and communications 68.0 20.4 23.3 +2.9 +14.2% Industry and factory 28.3 15.5 15.6 +0.1 +0.6% Transp
Slide 18: Connect needs to create the future
Connect needs to create the future Inquiries Mizuho Leasing Company, Limited Corporate Communications Department Tel: +81-3-5253-6540 Fax: +81-3-5253-6539 This document contains forecasts and other forward-looking statements that are based on information available at the time of preparation of this
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