Nec Capital Solutions LimitedTSE: 8793

Financial Results for Q1 of the Fiscal Year Ending March 31, 2024 (FY2024) 407KB (2023/07/31)

· Issued by NEC Capital Solutions Limited

Financial Results for Q1 of the Fiscal Year Ending March 31, 2024 (FY2024)

July 31, 2023

NEC Capital Solutions Limited

© NEC Capital Solutions Limited 2023

CONTENTS

  1. Financial Results for Q1 of FY2024
    1. Highlights of Financial Results
    2. Business Environment
    3. Financial Summary
    4. Revenues by Business Segment
    5. Business Results by Business Segment
    6. Leasing Business
    7. Finance Business
    8. Investment Business
    9. Operating Asset Balances
    10. Procuring Funds
    11. Credit Costs
  3. Forecasts for FY2024
    1. Earnings Forecasts

FY2024: Fiscal Year Ending March 31, 2024

1. Financial Results for Q1 of FY2024

1) Highlights of Financial Results

Business Environment

  • Total leasing contracts in the industry overall rose 4.0% Y/Y.
  • We need to continue to monitor future trends in the financing environment and bankruptcies.

Results in Key Business Units

  • Contracts executed in the Leasing Business were in line with levels in the previous year, but new transactions decreased Y/Y.
  • Factoring increased in the Finance Business, and both contracts executed and new transactions rose Y/Y.

Contracts executed : 0.9% down

New transactions : 13.9% up

Contracts executed : 4.4% up

New transactions : 5.4% up

Business Performance

  • Although both revenue and income decreased Y/Y primarily due to the sale of real estate sales for large-scale sales in the Investment Business, posted in the same period of the previous fiscal year, the progress in Q1 was as expected at the beginning of this fiscal year.

5 © NEC Capital Solutions Limited 2023

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