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Earnings Presentation (for Analysts)

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Earnings Presentation for FY 2017
Schedule Promoter Venue
May 15, 2017 J Trust Co., Ltd. Bellesalle Tokyo Nihombashi
Watch Video with English Voiceover Download Slides

Presenter

Representative Director, President & Chief Executive Officer Nobuyoshi Fujisawa
Representative Director & Senior Managing Executive Officer Nobuiku Chiba
Director
Executive Officer
General Manager of General Accounting Department
Taiji Hitachi
General Manager, PR & IR Division, Corporate Planning Department Hidehiko Honbu

Results in Fiscal 2017 (summary)

In fiscal 2017, operating revenue increased by 9.6 billion yen to 85.0 billion yen year-on-year on a consolidated basis, backed by better revenue in Domestic Financial Business, Financial Business in South Korea and Financial Business in Southeast Asia.
On the other hand, operating loss expanded by 1.6 billion yen to 5.7 billion yen, affected by: (i) unrealized loss of 3.4 billion yen on the option part of Group Lease’s convertible bonds in Investment Business; (ii) one-off allowance for doubtful accounts of 4.6 billion yen at Bank JTrust Indonesia to cope with the negative legacy of the past; and (iii) loss of 1.1 billion yen on eliminating the timing difference in account closing for the January–March 2017 period.

Operating profit by segment
FY2016 FY2017
Domestic Financial Business 3.7 billion yen 4.6 billion yen
Financial Business in South Korea 0.2 billion yen 1.6 billion yen
Financial Business in Southeast Asia (7.8) billion yen (8.6) billion yen
Investment Business 2.5 billion yen (0.1) billion yen
Non-financial Business 0.0 billion yen 0.3 billion yen
Head office expenses/Other (2.7) billion yen (3.5) billion yen
Total (4.1) billion yen (5.7) billion yen
Domestic Financial Business

Operating profit increased by 0.9 billion yen to 4.6 billion yen. Both credit guarantee business and receivable collection business performed well. To be specific, the balance of guarantee grew steadily with a focus on Apartment Loan and the purchase of NPLs remained successful.

Financial Business in South Korea

Operating profit increased by 1.4 billion yen to 1.6 billion yen as a result of implementing our business strategies flexibly in light of the slowing economy in South Korea and the balance with profit levels. For example, we focused on building a quality portfolio through tighter credit screening rather than accumulating new loans proactively as in the past.

Financial Business in Southeast Asia

FY2017 reflected 15-month results because we eliminated a 3-month timing difference in account closing for this segment. Operating revenue increased by 5.5 billion yen, or 1.7 billion yen without the added 3-month portion. Operating loss expanded by 0.8 billion yen to 8.6 billion yen, affected by: (i) 4.6 billion yen in 2Q as one-off allowance for doubtful accounts regarding the negative legacy of the past; and (ii) 0.4 billion yen as the impact of goodwill for the 15-month period due to the eliminated the timing difference.

Investment Business

Operating profit decreased by 2.6 billion yen to operating loss of 0.1 billion yen, though we recorded proceeds of 1.4 billion yen from sales of the shares of Bank Mayapada in 1Q.

Non-financial Business

Operating profit increased by 0.3 billion yen to 0.3 billion yen, reflecting: (i) reduced operating loss in General Entertainment Business through continued cost-cutting efforts, despite rather weak sales; and (ii) better operating revenue and operating profit in Real Estate Business.

Summary of Q&A session
Summary of Q&A session at Earnings Presentation for FY2017(HTML)
(Please click the text above. Details are displayed below.)
Q1 What is your stance on the balance between investments and shareholder returns?
A1 As our basic policy, we will pay dividends steadily while allocating free cash flow to our business expansion. We may consider a dividend increase depending on our performance.
Q2 Why do you think GL’s shares are still traded at lower prices?
A2 The suspended margin trading of GL’s shares may possibly be resumed from this day onward. Leaving aside how the share price moves, I believe the trading volume would increase.
Q3 Have you heard anything about possible impacts on GL’s business?
A3 GL’s market cap declined by as much as 200 billion yen due to the share price drop. Nevertheless, I understand that their business fundamentals remain intact.

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Back Number
Earnings Presentation for FY2017
  Schedule Promoter Venue Materials

3Q

February 14 , 2017 The Securities Analysts
Association of Japan
Seminar Room, 6F
Tokyo Stock Exchange
Video video
(voiceover)

PDF(7,965KB)

First Half

November 14 , 2016 The Securities Analysts
Association of Japan
Bellesalle Tokyo Nihombashi Video video
(voiceover)

PDF(5,463KB)

1Q

August 17, 2016 J Trust Co., Ltd. Bellesalle Tokyo Nihombashi Video video
(subtitles)

Video video
(voiceover)

PDF(5,764KB)
Earnings Presentation for FY2016
  Schedule Promoter Venue Materials

Fiscal year ended

May 16, 2016 The Securities Analysts
Association of Japan
Bellesalle Tokyo Nihombashi Video video
(subtitles)

Video video
(voiceover)

PDF(7,141KB)

3Q

February 15, 2016 J Trust Co., Ltd. Bellesalle Tokyo Nihombashi Video video
(subtitles)

Video video
(voiceover)

PDF(6,954KB)

First Half

November 16, 2015 The Securities Analysts
Association of Japan
Seminar Room, 6F
Tokyo Stock Exchange
Video video
PDF(1,670KB)
1Q August 13, 2015 J Trust Co., Ltd. Bellesalle Tokyo Nihombashi Video video
PDF(2,622KB)
Earnings Presentation for FY2015
  Schedule Promoter Venue Materials
Fiscal year ended May 26, 2015 The Securities Analysts
Association of Japan
Seminar Room, 6F
Tokyo Stock Exchange
Video video
PDF(1,739KB)
First Half November 25.2014 The Securities Analysts
Association of Japan
First Seminar Room, 6F
Tokyo Stock Exchange
Video video
PDF(5,435KB)
Earnings Presentation for FY2014
  Schedule Promoter Venue Materials
Fiscal year ended May 29,2014 The Securities Analysts
Association of Japan
First Seminar Room, 6F
Tokyo Stock Exchange
Video video
PDF(3,903KB)
First Half November 26, 2013 The Securities Analysts
Association of Japan
First Seminar Room, 6F
Tokyo Stock Exchange
Video video
PDF(4,982KB)
Earnings Presentation for FY2013
  Schedule Promoter Venue
Fiscal year ended May 28, 2013 The Securities Analysts
Association of Japan
First Seminar Room, 6F
Tokyo Stock Exchange
First Half November 19, 2012 The Securities Analysts
Association of Japan
First Seminar Room, 6F
Tokyo Stock Exchange
Earnings Presentation for FY2012
  Schedule Promoter Venue
Fiscal year ended May 21, 2012 The Securities Analysts
Associations of Japan
Kabuto-cho Heiwa Building 3F
Seminar Room #3

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