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Earnings Presentation ( for Analysts )

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Earnings Presentation for the First Half of FY 2017
Schedule Promoter Venue
November 14 , 2016 The Securities Analysts
Association of Japan
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 epartment
Taiji Hitachi
General Manager, PR & IR Division, Corporate Planning Department Hidehiko Honbu

Results of the second quarter of fiscal 2017 (summary)

In the second quarter of fiscal 2017, operating revenue increased by 2.4 billion yen to 40.1 billion yen year-on-year mainly due to investment returns.

On the other hand, operating loss declined by 1.6 billion yen to 3.9 billion due to a provision for bad debts in Financial Business in Southeast Asia and a valuation loss on convertible bonds held by us.

Meanwhile, we revised our full-year financial forecast. Major factors behind the change are: (i) negative goodwill and unrealized losses in Financial Business in South Korea; (ii) provision for bad debts in Financial Business in Southeast Asia from a conservative point of view; and (iii) estimated interest income and valuation gain on the convertible bonds in Investment Business. The revised operating profit is 4.2 billion yen.

Operating profit by segment
Previous forecast Revised forecast 2Q FY2017 results
Domestic Financial Business 3.9 billion yen 4.2 billion yen 2.2 billion yen
Financial Business in South Korea 5.1 billion yen 3.1 billion yen 0.8 billion yen
Financial Business in Southeast Asia 0.3 billion yen (6.5) billion yen (6.0) billion yen
Investment Business 3.0 billion yen 5.5 billion yen 0.6 billion yen
Non-financial Business 1.3 billion yen 0.5 billion yen 0.1 billion yen
Other (2.3) billion yen (2.6) billion yen (1.6) billion yen
Total 11.2 billion yen 4.2 billion yen (3.9) billion yen
Domestic Financial Business

We recorded operating profit of 2.2 billion yen. The balance of credit guarantee exceeded the target and that of Apartment Loan showed steady growth. Besides, the purchase of NPLs remained successful. Thus, both credit guarantee and receivable collection businesses performed well.

Financial Business in South Korea

The average amount of new loan disbursed per month more than doubled year-on-year and the balance has been increasing steadily. The delinquency ratio also remained low. However, operating profit ended in 0.8 billion yen because negative goodwill posted in fiscal 2015 reduced operating profit under J-GAAP by 1.0 billion yen and TA Asset Management recorded unrealized losses.

Financial Business in Southeast Asia

Operating loss was 6.0 billion yen because we reserved against loan losses conservatively, despite better operating revenue. We posted restructuring expenses of 1.5 billion yen as extraordinary loss, aiming for a lean organization by streamlining the management. We will shut down 18 branches of Bank JTrust Indonesia, from 59 to 41, and almost halve the number of employees to 700. With these measures, we intend to reduce the fixed cost by 88 million yen per month.

Investment Business

Operating profit was 1.3 billion yen in the first quarter because we gained 1.4 billion yen mainly through sales of the shares of Bank Mayapada. On the other hand, operating revenue was 0.6 billion yen in the second quarter due to unrealized losses of 1.4 billion yen on Group Lease’s convertible bonds. As of the end of October 2016, however, the valuation loss improved by 2.4 billion yen. We expect operating profit to reach 5.5 billion yen on a full-year basis.

Non-financial Business

The ADORES group recorded consolidated operating profit of 0.5 billion yen, exhibiting its strong performance. However, operating profit was 0.1 billion yen in the second quarter, impacted by Highlights Entertainment’s development cost of 0.5 billion yen in the first half of fiscal 2017. Highlights Entertainment is ready for releasing a new product for the second half. The resultant sales growth will contribute to operating profit.

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Back Number
Earnings Presentation for 1st Quarter of FY 2017
  Schedule Promoter Venue Materials

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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