Mizuho Leasing Company, Limited · TSE:8425
Mizuho Leasing — Q1 FY2024 Earnings Presentation
20 slides from Mizuho Leasing's earnings presentation, Aug 6, 2024
Slide 1: Overview of the First Quarter Financial Results for FY2024
Overview of the First Quarter Financial Results for FY2024 August 6, 2024
Slide 2: Table of Contents
Table of Contents 1. Financial Results and Business Performance Overview 2. Progress Toward Earnings Forecasts 3. Appendix 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 FY2024
Summary of First Quarter Results for FY2024 3 Gross profit increased by ¥2.7 bn YoY due to an increase in operating assets that resulted in higher revenue, as well as revenue contribution from Rent Alpha Pvt. Ltd. In addition, equity in earnings of affiliates increased, reflecting the contributi
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 4 Gross profit Operating Ordinary +2.7 income income (¥bn) +2.8 +3.3 9.7 (+2.9) 6.8 (A) (B) (C) (D) (E) * (A) Gross profit before Due to the accumulation of operating assets and contribution of Rent Alpha Pvt. Ltd. funding cos
Slide 6: Gross Profit before Funding Costs and Operating Assets by Business Area
Gross Profit before Funding Costs and Operating Assets by Business Area 5 Domestic leasing businesses: Gross profit remained generally strong, despite the absence of large gain on the cancellation of contracts in Q1 of the previous year Real estate/Environment and Energy businesses and Finance/I
Slide 7: Equity in Earnings and Losses of Affiliates
Equity in Earnings and Losses of Affiliates (Non−operating Income and Expenses) 6 Profit increased mainly at domestic affiliated companies - Domestic: Increased by ¥1.6 bn YoY due to strong performance of NIPPON STEEL KOWA REAL ESTATE and the contribution of GECOSS - Overseas: Decreased by ¥0.2 bn
Slide 8: Funding
Funding 7 Outstanding interest-bearing debt: Accumulated mainly long-term borrowings and corporate bonds, in line with the increase in operating assets. Diversified financing methods through the use of frameworks for sustainable finance such as positive impact finance Funding costs: Increased Yo
Slide 9: 2. Progress Toward Earnings Forecasts
2. Progress Toward Earnings Forecasts
Slide 10: Progress Toward Earnings Forecasts
Progress Toward Earnings Forecasts 9 Each income level is steadily progressing against the earnings forecasts FY23 FY24 (Results) (Forecast) Progress Q1 (¥bn) rate Operating income 39.5 47.0 10.0 21% Credit costs 2.6 2.0 –0.2 － Ordinary income 50.9 55.0 13.3 24% Equity in earnings and losses of 10
Slide 11: 3. Appendix
3. Appendix
Slide 12: Main News & Topics in FY2024 (1/2)
Main News & Topics in FY2024 (1/2) 11 Date Contents Apr. 1, ML Power Company, Limited began operations Environment 2024 —Strengthening group companies structure in order to expand the environment and energy-related businesses and energy Concluded a business alliance agreement on “Yamada Business Ren
Slide 13: Main News & Topics in FY2024 (2/2)
Main News & Topics in FY2024 (2/2) 12 Date Contents Signed a service agreement with Motion Inc. for EV introduction and additional consulting services July 1, EVs/Storage —Collaboration on the introduction of and additional consulting for EVs and other electric mobility for the “EV Marutto Service”
Slide 14: Consolidated B/S (Assets)
Consolidated B/S (Assets) 13 YoY YoY % （¥bn） End−Mar. End−Mar. End−Mar. End−Mar. End−Jun. Change Change 2021 2022 2023 2024 (1) 2024 (2) (3) = (2)−(1) (3) / (1) Current assets 2,085.1 2,166.7 2,279.7 2,378.1 2,399.2 ＋21.1 ＋1% Cash and deposits 21.1 25.3 34.0 56.7 60.0 ＋3.3 ＋6% Investment in lease 1,
Slide 15: Consolidated B/S (Liabilities and Equity)
Consolidated B/S (Liabilities and Equity) 14 YoY YoY % （¥bn） End−Mar. End−Mar. End−Mar. End−Mar. End−Jun. Change Change 2021 2022 2023 2024 (1) 2024 (2) (3) = (2)−(1) (3) / (1) Current liabilities 1,492.9 1,548.4 1,573.5 1,715.2 1,765.8 ＋50.6 ＋3% Short−term borrowings 317.8 380.3 418.4 524.1 552.1 ＋
Slide 16: Consolidated P/L
Consolidated P/L 15 YoY YoY % （¥bn） FY20 FY21 FY22 FY23 FY24 Change Change Q1 Q1 Q1 Q1(1) Q1(2) (3) = (2)−(1) (3) / (1) Revenues 115.4 118.3 114.0 123.9 128.2 ＋4.3 ＋4% Gross profit before funding costs 14.6 14.5 18.1 19.2 23.9 ＋4.7 ＋25% Funding costs 2.2 1.9 2.1 3.7 5.7 ＋2.0 ＋53% Gross profit 12.4 1
Slide 17: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income 16 YoY YoY % （¥bn） FY20 FY21 FY22 FY23 FY24 Change Change Q1 Q1 Q1 Q1(1) Q1(2) (3) = (2)−(1) (3) / (1) Net income attributable to owners of 7.6 5.1 8.5 7.1 10.3 ＋3.2 ＋45% the parent Unrealized gain on –2.2 –0.1 3.8 2.7 1.9 –0.8 –30% available−for−sale
Slide 18: Gross Profit before Funding Costs by Business Area
Gross Profit before Funding Costs by Business Area 17 YoY YoY % （¥bn） FY20 FY21 FY22 FY23 FY24 Change Change Q1 Q1 Q1 Q1(1) Q1(2) (3) = (2)−(1) (3) / (1) Revenues 115.4 118.3 114.0 123.9 128.2 ＋4.3 ＋4% Leasing and installment sales 111.6 114.3 108.2 117.2 117.9 ＋0.7 ＋1% Finance 3.9 4.1 6.0 7.0 9.1 ＋
Slide 19: Newly Executed Contract Volume by Business Area
Newly Executed Contract Volume by Business Area 18 Leasing and Installment Sales Segment YoY YoY % （¥bn） FY22 FY23 FY24 Change Change Q1 Q1(1) Q1(2) (3) = (2)−(1) (3) / (1) Information and communications 23.3 19.6 40.4 ＋20.8 ＋107% Real estate 11.8 6.9 72.0 ＋65.1 ＋944% Industry and factory 15.6 9.8 1
Slide 20: Contact
19 Contact Mizuho Leasing Company, Limited Corporate Communications Department Tel: +81-3-5253-6540 This document contains forecasts and other forward−looking statements that are based on information available at the time of preparation of this document and subject to certain risks and uncertainties
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