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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsubishi UFJ Lease & Finance Company Limited    8593   JP3499800005

MITSUBISHI UFJ LEASE & FINANCE COMPANY L

(8593)
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Mitsubishi UFJ Lease & Finance : FY3-2020 3rd Quarter Results

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02/13/2020 | 04:06am EDT

FY3/2020 3rd Quarter Results

(Tokyo Stock Exchange / Nagoya Stock Exchange: 8593)

February 13, 2020

Mitsubishi UFJ Lease & Finance Company Limited

Index

  • FY3/2020 3rd Quarter Results
  • FY3/2020 Forecasts
  • Appendix

1

  • FY3/2020 3rd Quarter Results
  • FY3/2020 Forecasts
  • Appendix

2

Financial Highlights

  • Progress toward our published initial forecasts exceeded 80% thanks mainly to gains on sales related to real estate and aviation
  • Cumulative consolidated income numbers for Q3 set record highs

(billion yen)

(b) YOY Change

(d) YOY

*4

(a) FY3/2020

(e) FY3/2019

(f) Published (g) Progress

Change

3Q

(c) Exchange

3Q

Full-year

Rate

(%)

Rate Effects

Forecast

1

Revenues

694.2

+57.9

-0.6

+9.1%

636.2

865.0

80.3%

2

Gross Profit

142.9

+26.8

-0.2

+23.1%

116.0

178.0

80.3%

3

Operating Income

78.8

+20.9

-0.1

+36.2%

57.8

87.0

90.6%

4

Recurring Income

80.6

+17.1

-0.1

+27.0%

63.4

94.0

85.8%

5

Net Income *1

57.1

+6.6

-0.1

+13.2%

50.5

70.0

81.7%

6

New Transactions Volume

1,351.6

+147.0

-2.0

+12.2%

1,204.6

7

USD Exchange Rate (*)

$1=¥109.15

-

$1=¥109.61

* Exchange rate applied to profit and loss statement of overseas subsidiaries ($)

8

Total Operating Assets

5,078.7

+32.2*2

-51.2

+0.6%*2

5,046.4 *3

9

USD Exchange Rate (**)

$1=¥107.92

-

$1=¥111.00

**Exchange rate applied to balance sheet of overseas subsidiaries ($)

*1

3Q net income attributable to owners of the parent

*2

Total operating assets is change from FY3/2019

*3

FY3/2019

3

*4

Above figures are FY3/2020 forecasts as of February 13, 2020

Increase/Decrease in Net Income

Attributable to Owners of the Parent

Gross

Operating

(billion yen)

Profit

Expenses

Credit

+26.8

-6.1

Extraordinary

Net Income

Cost

Others

Tax

-0.8

-2.7

Income/Loss

Expenses

Attributable to

-1.4

-9.0

Owners of the

Parent

+6.6

57.1

50.5

Positive Factor

Negative Factor

FY3/2019

FY3/2020

3Q

3Q

Gross Profit

Increased earnings mainly due to gains on sales related to real estate and aviation

Operating Expenses

Fortifying the growth foundation in Domestic/Overseas Customers and priority industry

domains, amongst other factors

Credit Cost

Increase at a slower pace than initial assumptions (number for the full term likely to be in

line with initial assumptions)

Others

Decrease on reaction to foreign exchange gains posted in FY3/2019 Q3, smaller equity

method income, amongst other factors

Extraordinary Income/Loss

Decrease on reaction to gains on sales of strategic shareholdings and shares of affiliates,

amongst other factors

Tax Expenses

YOY increase on smaller impact of U.S. tax reform and higher profits

4

Increase/Decrease in Divisional Earnings

Divisional Earnings: gross profit (prior to allocation of financial expenses) plus equity-method earnings and dividend income of each division

Environment&

Infrastructure&

Divisional

Investment Consolidated

Earnings

Energy

Healthcare

Real

Logistics

0

Adjustment

+35.8

+4.3

+0.3

Estate

0

+4.1

Domestic/

Aviation

+10.5

Overseas

+9.5

Customers

+6.7

191.9

156.1

Positive Factor

FY3/2019

FY3/2020

3Q

3Q

(billion yen)

Increase/

Main Factor

Divisions and

Decrease

Businesses Involved

Increased earnings

Departments and

subsidiaries in Japan

Domestic/

following the inclusion

+6.7

responsible for Domestic

Overseas

of ENGS to

Customers, and overseas

Customers

consolidated accounts,

bases responsible for

amongst other factors

Overseas Customers

Increased lease

Aviation

+9.5

revenues of aircraft

Aviation Business

and engines and gains

Department, JSA, ELF

on sales of aircraft

Gains on sales of real

+10.5

estate in Japan and

Real Estate Business

Real Estate

overseas; Increased

Department, MULP, MURI,

lease and interest

DAF, Miyuki Building, others

revenues, etc.

Increased lease

Logistics Business

Department, Ship Finance

+4.1

revenues from

Logistics

Department, Mobility Service

containers and freight

Business Department, BIL,

cars

MULR, MAL, others

Gains on sales of

Environment

+4.3

solar-related assets

Environment & Energy

and increased

Business Department, MEI,

& Energy

revenues from

Solar Energy SPC, others

electricity power sales

+0.3

Earnings growth of

Healthcare Business

Healthcare

Department, Japan Medical

group companies

Lease, others

Infra-

Infrastructure Business

0

Occurrence of front-

Department, Investment

structure &

loaded cash out

Business Department, JII,

Investment

invested businesses

Domestic/

Environment &

Infrastructure

Consolidated

Consolidated

Overseas

Aviation

Real Estate

Logistics

Healthcare

Energy

& Investment

Adjustment

Total

Customers

1

FY3/2020

66.6

58.3

36.6

14.9

9.1

3.6

2.0

0.5

191.9

3Q

FY3/2019

2

59.8

48.7

26.0

10.7

4.7

3.2

2.0

0.5

156.1

3Q

5

New Transactions Volume

(billion yen)

FY3/2020

YOY Change

FY3/2019

3Q

(%)

3Q

1

Leases

663.5

+4.7%

633.7

2

Finance Leases

374.5

-3.8%

389.5

3

Operating Leases

288.9

+18.3%

244.1

4

Installment Sales

54.4

-13.8%

63.1

5

Loans and Others

633.6

+24.8%

507.7

6

Factoring

260.6

+18.9%

219.2

7

Real Estate Finance

156.4

+116.7%

72.2

8

Others

216.5

+0.1%

216.2

9

Volume of All New Transactions

1,351.6

+12.2%

1,204.6

10

Domestic

852.1

+4.8%

812.7

11

Leases

378.1

-2.7%

388.6

12

Installment Sales

54.4

-13.8%

63.1

13

Loans and Others

419.5

+16.2%

360.9

14

Overseas

499.5

+27.5%

391.8

15

Customer Finance

269.8

+30.0%

207.5

16

Others

229.6

+24.6%

184.3

17

Volume of All New Transactions

1,351.6

+12.2%

1,204.6

6

Operating Assets

(billion yen)

FY3/2016

FY3/2017

FY3/2018

FY3/2019

FY3/2020

Change from

3Q

FY3/2019 (%)

1

Leases

3,040.8

3,272.0

3,269.6

3,473.8

3,505.4

+0.9%

2

Finance Leases

1,480.3

1,514.7

1,543.9

1,579.8

1,562.2

-1.1%

3

Operating Leases

1,560.4

1,757.2

1,725.7

1,893.9

1,943.1

+2.6%

4

Installment Sales

245.8

252.9

255.5

249.5

215.5

-13.6%

5

Loans and Others

1,339.7

1,351.6

1,384.0

1,323.1

1,357.7

+2.6%

6

Total Operating Assets

4,626.4

4,876.5

4,909.2

5,046.4

5,078.7

+0.6%

7

Domestic

3,147.4

3,208.5

3,260.1

3,134.0

3,128.8

-0.2%

8

Leases

1,814.5

1,855.9

1,852.1

1,902.5

1,897.2

-0.3%

9

Installment Sales

245.8

252.9

255.5

249.5

215.5

-13.6%

10

Loans and Others

1,086.9

1,099.6

1,152.5

982.0

1,016.0

+3.5%

11

Overseas

1,479.0

1,668.0

1,649.0

1,912.3

1,949.8

+2.0%

12

Customer Finance

226.5

258.1

310.2

427.6

429.2

+0.4%

13

Others

1,252.5

1,409.9

1,338.8

1,484.7

1,520.5

+2.4%

14

Total Operating Assets

4,626.4

4,876.5

4,909.2

5,046.4

5,078.7

+0.6%

7

Credit Cost

FY3/2016

FY3/2017

FY3/2018

FY3/2019

1

MUL

2.6

-2.9

-0.0

-1.8

2

Domestic Subsidiaries

2.3

0.4

1.5

0.9

3

Overseas Subsidiaries

4.5

2.1

0.9

2.1

4

Total Net Credit Cost

9.4

-0.4

2.4

1.1

5

Real Estate Sector

2.9

-0.6

0.7

-1.2

6

Manufacturing Sector

-0.1

-0.1

0.4

1.3

7

Transportation Sector

3.1

1.6

0.7

-1.0

8

Others*

3.5

-1.3

0.6

2.0

9

Total Net Credit Cost

9.4

-0.4

2.4

1.1

(billion yen)

FY3/2019

FY3/2020

YOY

3Q

3Q

Change

-0.2

0.5

+0.8

0.1

0.5

+0.4

2.3

1.9

-0.3

2.1

3.0

+0.8

-0.1

-0.0

+0.1

1.0

0.9

-0.1

-0.7

0.3

+1.0

1.9

1.8

-0.1

2.1

3.0

+0.8

* Includes general credit costs calculated based on the historical rate of credit loss and ENGS credit costs

8

Funding Structure

(billion yen)

FY3/2017

FY3/2018

FY3/2018

FY3/2019

FY3/2020

Change from

3Q

FY3/2019 (%)

1

Borrowing

2,169.4

2,395.1

2,444.7

2,492.0

2,688.5

+7.9%

2

Yen

1,418.9

1,449.4

1,470.6

1,352.2

1,391.4

+2.9%

3

Foreign Currency

750.4

945.7

974.1

1,139.8

1,297.1

+13.8%

4

CP (Commercial Paper)

853.6

835.9

807.4

742.2

683.5

-7.9%

5

Securitization

168.8

137.4

165.8

145.8

114.2

-21.6%

6

Corporate Bonds

716.8

773.5

833.7

1,060.3

1,069.1

+0.8%

7

Yen

385.0

452.0

496.0

583.5

635.8

+9.0%

8

Foreign Currency

331.8

321.5

337.7

476.8

433.3

-9.1%

9

Total Funding

3,908.7

4,142.0

4,251.7

4,440.3

4,555.4

+2.6%

10

Direct Funding Ratio *1

44.5%

42.2%

42.5%

43.9%

41.0%

-2.9P

11

Foreign Currency Funding Ratio *2

27.7%

30.6%

30.9%

37.0%

38.0%

+1.0P

*1

CPs, securitization and corporate bonds as a proportion of total funding

9

*2

Foreign-currency loans and CBs as a proportion of total funding

  • FY3/2020 3rd Quarter Results
  • FY3/2020 Forecasts
  • Appendix

10

FY3/2020 Forecasts

  • Favorable progress toward our initial forecasts but earnings forecasts maintained unchanged as credit cost and asset re-evaluation likely to occur in FY3/2020 4Q

(billion yen)

FY3/2020

YOY Change

YOY Change

FY3/2019

(%)

1

Revenues

865.0

+0.7

+0.1%

864.2

2

Gross Profit

178.0

+19.6

+12.4%

158.3

3

Operating Income

87.0

+6.6

+8.2%

80.3

4

Recurring Income

94.0

+6.3

+7.3%

87.6

5

Net Income Attributable

70.0

+1.2

+1.7%

68.7

to Owners of the Parent

6

Dividend per Share

¥25.00

+¥1.50

-

¥23.50

7

Payout Ratio

31.8%

+1.4P

-

30.4%

*1

Above figures are FY3/2020 forecasts as of February 13, 2020

11

*2

Exchange rate for the above forecasts is set at $1 = 110 yen

  • FY3/2020 3rd Quarter Results
  • FY3/2020 Forecasts
  • Appendix

12

Details of New Transactions Volume

by Transaction Type

(billion yen)

FY3/2020

YOY Change

YOY Change

FY3/2019

3Q

(%)

3Q

1

Leases

663.5

+29.8

+4.7%

633.7

2

IT / Office Equipment

116.9

+8.4

+7.8%

108.5

3

Industrial Machinery

63.1

-11.4

-15.3%

74.5

4

Civil Eng. & Construction Machinery

26.1

-3.5

-12.0%

29.6

5

Transportation Equipment

250.1

+45.6

+22.3%

204.4

6

Medical Equipment

39.1

+0.0

+0.2%

39.0

7

Commercial & Service Equipment

42.9

-11.2

-20.8%

54.1

8

Others

125.1

+1.8

+1.5%

123.2

9

Installment Sales

54.4

-8.6

-13.8%

63.1

10

IT / Office Equipment

1.4

-0.4

-23.9%

1.9

11

Industrial Machinery

8.1

+0.6

+9.3%

7.4

12

Civil Eng. & Construction Machinery

18.7

-5.4

-22.4%

24.2

13

Transportation Equipment

2.7

-1.0

-28.4%

3.8

14

Medical Equipment

6.8

+0.3

+4.7%

6.5

15

Commercial & Service Equipment

7.3

-1.7

-19.1%

9.0

16

Others

9.1

-0.9

-9.8%

10.1

17

Loans and Others

633.6

+125.8

+24.8%

507.7

18

Factoring

260.6

+41.3

+18.9%

219.2

19

Real Estate Finance

156.4

+84.2

+116.7%

72.2

20

Others

216.5

+0.2

+0.1%

216.2

21

Volume of All New Transactions

1,351.6

+147.0

+12.2%

1,204.6

13

Financial Performance -

Profit & Loss Statement (1)

(million yen)

* The bottom percentage figures with P (point)

FY3/2016 3Q

FY3/2017 3Q

FY3/2018 3Q

FY3/2019 3Q

FY3/2020 3Q

show year-on-year percentage change

15/4~15/12

16/4~16/12

17/4~17/12

18/4~18/12

19/4~19/12

1

Revenues

610,989

615,141

644,988

636,260

694,249

+11.6%

+0.7%

+4.9%

-1.4%

+9.1%

2

Leases

497,988

506,582

526,012

519,371

557,532

+12.1%

+1.7%

+3.8%

-1.3%

+7.3%

3

Installment Sales

64,080

68,945

71,079

66,912

57,433

+2.6%

+7.6%

+3.1%

-5.9%

-14.2%

4

Loans

25,605

25,157

26,205

21,499

30,242

+1.4%

-1.7%

+4.2%

-18.0%

+40.7%

5

Others *

23,315

14,455

21,691

28,477

49,041

+49.9%

-38.0%

+50.1%

+31.3%

+72.2%

6

Cost of Revenue

486,110

502,946

525,735

520,166

551,300

+8.2%

+3.5%

+4.5%

-1.1%

+6.0%

7

COR / Revenues

79.6%

81.8%

81.5%

81.8%

79.4%

(Cost of goods sold ratio)

-2.5P

+2.2P

-0.3P

+0.3P

-2.4P

8

Leases, COR

391,398

405,319

418,136

407,856

425,975

+7.3%

+3.6%

+3.2%

-2.5%

+4.4%

9

Installment Sales, COR

59,003

64,126

66,248

62,314

53,289

+3.3%

+8.7%

+3.3%

-5.9%

-14.5%

10

Financial Expenses

28,839

26,021

31,857

34,989

44,309

+48.2%

-9.8%

+22.4%

+9.8%

+26.6%

11

Others, COR *

6,868

7,479

9,491

15,006

27,725

-14.3%

+8.9%

+26.9%

+58.1%

+84.8%

12

Gross Profit

124,879

112,194

119,253

116,093

142,948

+27.3%

-10.2%

+6.3%

-2.6%

+23.1%

13

Gross Profit/Revenues

20.4%

18.2%

18.5%

18.2%

20.6%

(Gross profit margin)

+2.5P

-2.2P

+0.3P

-0.3P

+2.4P

* Includes purchase and sales of used machinery, dividends from real estate investment and

14

sales of electricity sales

Financial Performance -

Profit & Loss Statement (2)

(million yen)

* The bottom percentage figures with P (point)

FY3/2016 3Q

FY3/2017 3Q

FY3/2018 3Q

FY3/2019 3Q

FY3/2020 3Q

show year-on-year percentage change

15/4~15/12

16/4~16/12

17/4~17/12

18/4~18/12

19/4~19/12

14

SG&A Expenses

56,413

50,960

55,379

58,206

64,094

+26.5%

-9.7%

+8.7%

+5.1%

+10.1%

15

Personnel Expenses

24,384

24,801

27,112

27,194

30,286

+18.7%

+1.7%

+9.3%

+0.3%

+11.4%

16

Non-Personnel

25,823

24,559

26,312

27,020

30,075

Expenses

+12.9%

-4.9%

+7.1%

+2.7%

+11.3%

17

Allowance

6,204

1,599

1,954

3,991

3,732

+420.7%

-74.2%

+22.3%

+104.2%

-6.5%

18

Overhead Ratio

40.2%

44.0%

44.8%

46.7%

42.2%

(Overhead expenses divided by GP)

-4.1P

+3.8P

+0.8P

+1.9P

-4.5P

19

Operating Income

68,465

61,234

63,873

57,887

78,854

+28.0%

-10.6%

+4.3%

-9.4%

+36.2%

20

Operating Income / Revenues

11.2%

10.0%

9.9%

9.1%

11.4%

(Operating Income Margin)

+1.4P

-1.2P

-0.1P

-0.8P

+2.3P

21

Recurring Income

71,677

65,598

68,467

63,496

80,647

+29.1%

-8.5%

+4.4%

-7.3%

+27.0%

22

Extraordinary Income

98

4,200

2,774

6,983

4,688

-88.0%

+4,162.6%

-34.0%

+151.7%

-32.9%

23

Extraordinary Loss

80

9

20

870

0

+861.1%

-88.0%

+117.6%

+4,058.8%

-100.0%

24

Net Income Attributable to

44,633

43,410

45,111

50,528

57,180

Owners of the Parent

+33.7%

-2.7%

+3.9%

+12.0%

+13.2%

15

Financial Performance - Balance Sheet (1)

* The bottom percentage figures with P (point)

(million yen)

show year-on-year percentage change from

FY3/2016

FY3/2017

FY3/2018

FY3/2019

FY3/2020 3Q

the end of the previous fiscal year

1

Total Equity

642,366

686,378

731,124

778,582

793,455

+3.4%

+6.9%

+6.5%

+6.5%

+1.9%

2

Total Assets

5,121,253

5,388,844

5,552,712

5,790,929

5,891,864

+1.7%

+5.2%

+3.0%

+4.3%

+1.7%

3

Operating Assets

4,626,455

4,876,553

4,909,279

5,046,490

5,078,716

+1.9%

+5.4%

+0.7%

+2.8%

+0.6%

4

Leases

3,040,849

3,272,018

3,269,679

3,473,810

3,505,401

+3.9%

+7.6%

-0.1%

+6.2%

+0.9%

5

Installment Sales

245,882

252,907

255,553

249,500

215,571

+5.1%

+2.9%

+1.0%

-2.4%

-13.6%

6

Loans

1,241,831

1,245,555

1,233,218

1,114,470

1,103,829

-1.3%

+0.3%

-1.0%

-9.6%

-1.0%

7

Others

97,892

106,072

150,827

208,708

253,914

-20.7%

+8.4%

+42.2%

+38.4%

+21.7%

8

Impaired Assets

27,921

34,144

34,892

27,286

23,882

-16.5%

+22.3%

+2.2%

-21.8%

-12.5%

9

Allowance

16,302

16,365

15,658

15,103

14,425

10

Net Balance of

11,618

17,779

19,234

12,183

9,456

Impaired Assets

-39.8%

+53.0%

+8.2%

-36.7%

-22.4%

16

Financial Performance - Balance Sheet (2)

* The bottom percentage figures with P (point)

(million yen)

show year-on-year percentage change from

FY3/2016

FY3/2017

FY3/2018

FY3/2019

FY3/2020 3Q

the end of the previous fiscal year

11

Equity Ratio

12.0%

12.2%

12.7%

13.0%

13.1%

+0.2P

+0.2P

+0.5P

+0.3P

+0.1P

12

ROE

9.0%

8.4%

9.3%

9.4%

-

+1.0P

-0.6P

+0.9P

+0.1P

-

13

ROA

1.1%

1.0%

1.2%

1.2%

-

+0.2P

-0.1P

+0.2P

+0.0P

-

14

Total Funding

3,908,736

4,142,073

4,251,769

4,440,352

4,555,404

0.0%

+6.0%

+2.6%

+4.4%

+2.6%

15

Indirect Funding

2,169,456

2,395,158

2,444,766

2,492,008

2,688,508

-2.2%

+10.4%

+2.1%

+1.9%

+7.9%

16

Direct Funding

1,739,279

1,746,914

1,807,002

1,948,344

1,866,895

+2.8%

+0.4%

+3.4%

+7.8%

-4.2%

17

CP

853,600

835,900

807,400

742,200

683,500

+2.8%

-2.1%

-3.4%

-8.1%

-7.9%

18

Securitization

168,869

137,484

165,897

145,842

114,272

(Lease Receivables)

-2.7%

-18.6%

+20.7%

-12.1%

-21.6%

19

Corporate Bonds

716,809

773,530

833,705

1,060,302

1,069,123

+4.1%

+7.9%

+7.8%

+27.2%

+0.8%

20

Direct Funding Ratio

44.5%

42.2%

42.5%

43.9%

41.0%

+1.2P

-2.3P

+0.3P

+1.4P

-2.9P

17

Overview of

Principal Consolidated Companies (1)

(million yen)

Mitsubishi UFJ Lease & Finance

Japan Medical Lease

DFL Lease

FY3/2020

MUL's Share: 100%

MUL's Share: 80%

(Parent)

3Q

Healthcare Business Division

Domestic Customers

Amount

YOY Change

Amount

YOY Change

Amount

YOY Change

Revenues

354,153

+1.6%

27,659

-0.1%

16,830

+2.6%

Gross Profit

49,806

+3.4%

2,289

+0.9%

1,459

+10.5%

Operating Income

21,710

+14.3%

628

-24.5%

738

+34.9%

Recurring Income

21,562

-2.0%

674

-26.0%

750

+19.4%

Net Income

17,894

-13.8%

433

-26.5%

508

+14.7%

FY3/2020

Amount

Change from

Amount

Change from

Amount

Change from

3Q

FY3/2019

FY3/2019

FY3/2019

Operating Assets

3,041,723

-1.9%

103,419

+2.8%

64,033

-4.8%

Total Assets

4,188,210

-1.1%

106,174

+3.0%

65,762

-4.6%

Total Equity

498,686

+0.3%

15,458

+1.5%

15,151

+3.5%

(million yen)

Hirogin Lease

Shutoken Leasing

DRS

FY3/2020

MUL's Share80%

MUL's Share: 71%

MUL's Share: 100%

3Q

Domestic Customers

Domestic Customers

Domestic Customers

Amount

YOY Change

Amount

YOY Change

Amount

YOY Change

Revenues

15,318

-4.4%

30,788

+26.8%

19,971

+3.6%

Gross Profit

1,685

-7.6%

2,772

-4.1%

2,048

+0.5%

Operating Income

699

-21.8%

952

-29.1%

686

-3.7%

Recurring Income

729

-27.6%

1,093

-22.8%

685

-4.3%

Net Income

498

-30.3%

766

-21.8%

469

-4.6%

FY3/2020

Amount

Change from

Amount

Change from

Amount

Change from

3Q

FY3/2019

FY3/2019

FY3/2019

Operating Assets

69,749

+3.1%

149,382

-1.4%

62,250

+19.7%

Total Assets

72,722

+3.7%

155,244

-2.1%

66,242

+21.1%

Total Equity

14,679

+3.5%

19,610

+3.9%

7,627

+3.8%

18

Overview of

Principal Consolidated Companies (2)

(million yen)

FY3/2020

3Q

Revenues

Gross Profit

Operating Income

Recurring Income

Net Income

Diamond Asset Finance

Miyuki Building

MUL Property

MUL's Share: 100%

MUL's Share: 98%

MUL's Share: 100%

Real Estate Business Division

Real Estate Business Division

Real Estate Business Division

Amount

YOY Change

Amount

YOY Change

Amount

YOY Change

10,325

+49.9%

9,709

+70.3%

25,108

+41.8%

4,409

+22.9%

4,495

+39.4%

4,999

+28.6%

3,146

+38.6%

3,965

+42.1%

3,912

+34.9%

3,252

+37.8%

3,859

+49.1%

3,931

+33.8%

2,258

+38.4%

2,530

+48.8%

2,727

+34.7%

FY3/2020

Amount

Change from

Amount

Change from

Amount

Change from

3Q

FY3/2019

FY3/2019

FY3/2019

Operating Assets

248,259

+6.1%

71,947

+5.9%

178,800

+21.0%

Total Assets

250,446

+6.0%

74,158

+5.5%

242,989

+14.4%

Total Equity

36,165

+4.9%

32,735

+8.2%

17,947

+12.1%

19

Status on Business Initiatives (1)

Outstanding Balance of Solar Projects

(billion yen)

FY3/2016

FY3/2017

FY3/2018

FY3/2019

FY3/2020 3Q

Total

41.9

76.8

117.4

125.6

138.1

Equity

16.1

39.5

67.9

80.1

86.1

Debt

25.8

37.3

49.5

45.5

52.0

(Reference)

313MW

393MW

420MW

Power Output*1

(Reference) Lease*2

134.1

138.9

152.8

146.7

135.6

Outstanding Balance of Real Estate-related

(billion yen)

FY3/2016

FY3/2017

FY3/2018

FY3/2019

FY3/2020 3Q

Total (A+B)

129.0

156.6

180.5

212.9

235.7

Japan (A)*3

129.0

156.6

167.1

178.4

195.5

Debt

92.6

90.5

81.7

85.5

94.2

Equity

36.3

66.1

85.4

92.9

101.3

Ratio*4

28.2%

42.2%

51.1%

52.0%

51.8%

Overseas (B)

13.4

34.5

40.2

*1

Total power output of project (proportioned according to the contributing interest)

*2

Outstanding solar-related lease as compiled by the Domestic/Overseas Customers

*3 The sum of the domestic projects of MUL and MUL Realty Investment Company Limited (MURI)

20

*4 The ratio of equity to a combined total balance of MUL and MURI

Status on Business Initiatives (2)

Outstanding Balance of Global Assets Operating Assets

(billion yen)

FY3/2016

FY3/2017

FY3/2018

FY3/2019

FY3/2020 3Q

Total

1,252.5

1,409.9

1,338.8

1,463.6

1,496.4

Aviation

858.0

996.4

938.9

1,035.4

1,044.6

Aircraft

650.3

772.7

720.4

791.5

806.3

Engines

207.6

223.6

218.5

243.9

238.3

Logistics

394.5

413.4

399.8

428.2

451.6

Marine Containers

160.0

196.7

208.2

215.0

216.9

Railway/Freight Cars

41.9

46.2

61.1

92.8

130.2

Shipping

192.6

170.5

130.4

120.2

104.3

Owned Global Asset

FY3/2016

FY3/2017

FY3/2018

FY3/2019

FY3/2020 3Q

Number of Aircraft

125

143

143

160

164

Number of Aircraft Purchased *1

19

36

18

27

16

Number of Aircraft Sold *1

20

18

18

10

12

Number of Aircraft Engines

286

286

276

300

300

Number of Railway/Freight Cars

3,871

4,533

6,615

10,594

14,495

Marine Container Feet

814

1,061

1,221

1,300

1,364

(TEU 1,000) *2

* 1

After consolidated adjustment (do not match with sales profits/losses for aircraft numbers recognized on the P/L)

21

* 2

TEU: Twenty Feet Equivalent Unit (converted into 20ft. containers)

Inquiries

  • Inquiries

Corporate Communications Department

TEL +81 3-6865-3002

22

This presentation contains forward-looking statements regarding estimations, forecasts, targets and plans in relation to the results of operations, financial conditions and other overall management of MUL and/or its group companies (collectively, the "Group"). These forward-looking statements are inherently subject to a number of

risks and uncertainties that could cause the Group's actual results, performance, achievements, financial

position etc. to differ materially from the information expressed or implied by these forward-looking statements, which is based on assumptions and beliefs in light of information currently available to the management of MUL at the time of publication. Accordingly, due to various risks and uncertainties, the statements are not a guarantee of future performance or developments.

We may not be successful in implementing our business strategy, and management may fail to achieve its targets for a wide range of possible reasons.

The Amount less than one unit is omitted in this presentation, which may cause fraction error in the total amount. MUL undertakes no obligation to update or correct any forward-looking statements after the date of this presentation.

The information set forth in this presentation is subject to change without notice.

This presentation is not intended to solicit, offer, sell or market securities in any jurisdiction, and should not be the sole basis for making investment and other decisions.

The reader is cautioned not to place undue reliance on forward-looking statements.

Disclaimer

Mitsubishi UFJ Lease & Finance Co. Ltd. published this content on 13 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2020 09:05:02 UTC

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