Earnings Release Presentation
The First Quarter Financial Results for the Fiscal Year Ending March 2024
July 28, 2023
- Disclaimer
The figures contained in this presentation material with
respect to ACOM Group's plans and strategies and other
statements that are not historical facts are based on information available at the date of announcement of this presentation material. However, there are some potential risk factors in the Group's business management. Therefore, the actual results may differ from the forecast.
∎ Notation
L.C. Business | Loan and Credit Card Business |
MUCG | MU Credit Guarantee Co., LTD. |
yoy | year on year percentage point |
ytd | year to date percentage point |
(E) | estimates |
EB、EASY BUY | EASY BUY Public Company Limited |
ACF | ACOM CONSUMER FINANCE CORPORATION |
The trend of requests for interest repayment is also highly uncertain, due to its sensitivity to changes in external environmental changes. The Group may have to make additional provision for loss on interest repayment.
Actual results may differ from forecast values due to various risk factors, not limited to those mentioned above.
- Reference
ACOM. CO., LTD.
Public & Investor Relations Office
+81-3-6865-6474 ir@acom.co.jp
2
Business Environment
Japan
Thailand
Philippines
- Japanese socio-economic activities are returning to normal, resulting in economic conditions showing signs of gradual recovery.
- There are risks that could push down the Japanese economy, such as price hikes due to growing tension in the international situation and soaring resource prices on a global scale, as well as concerns over increased financial instability due to prolonged global monetary tightening.
- In the nonbank business sector, the demand for funds shows a sign of steady recovery.
- Economic conditions showed signs of stable progress as the economic growth rate
in 1Q was higher compared to the previous fiscal year, due to strong consumer spending.
- Future trends need to be closely monitored on an ongoing basis as political unrest associated with the change of government remains.
- GDP growth remained high as deregulating economic activity has been sufficiently progressed.
- The economy is returning to the trend of high growth seen before the spread of COVID-19.
3
Consolidated Financial Summary (Business Scale)
- Consolidated Receivables Outstanding increased by 5.3% yoy to ¥2,397.9 biliion owing to favorable trend in borrowings by new and existing customers in domestic business and the impact of the depreciation of yen against baht.
L.C. Business
0.4%
2,244.9
192.7
1,173.0
871.1
Guarantee Business
4.9%
2,354.5
219.4
1,212.8
914.5
Overseas Financial Business
4.1%
2,450.3
219.6
1,268.8
954.6
Others
1.8%
2,276.6
207.3
1,181.4
879.9
(Billions of yen)
yoy 5.3%
2,397.9
225.9
1,226.8
937.3
Consolidated
Receivables
Outstanding
L.C. Business
Guarantee
Business
Overseas
Financial
¥2,397.9bn
(yoy+5.3%)
¥937.3bn
(yoy+6.5%)
¥1,226.8bn
(yoy+3.8%)
¥225.9bn
22/3 | 23/3 | 24/3(E) | 22/6 | 23/6 |
Business
(yoy+9.0%)
4
Consolidated Financial Summary (Business Performance)
2022/6 | 2023/6 | 2024/3 | |
Results | Results | yoy | Forecast yoy |
(Millions of yen、%)
Progress
1 | Operating Revenue | 66,514 | 70,926 | 6.6 | 284,300 | 3.8 | 24.9 |
2 | Loan and Credit Card Business | 36,035 | 37,750 | 4.8 | 151,800 | 4.6 | 24.9 |
3 | Guarantee Business | 15,956 | 16,976 | 6.4 | 70,200 | 5.9 | 24.2 |
4 | Overseas Financial Business | 13,006 | 14,689 | 12.9 | 56,900 | 0.6 | 25.8 |
5 | Operating Expenses | 41,120 | 48,998 | 19.2 | 193,900 | 4.0 | 25.3 |
6 | Financial Expenses | 1,025 | 1,036 | 1.2 | 4,700 | 17.1 | 22.1 |
7 | Provision for Bad Debts | 16,655 | 22,711 | 36.4 | 84,600 | 5.1 | 26.8 |
8 | Provision for Loss on Interest Repayment | - | - | - | - | - | - |
9 | Other Operating Expenses | 23,439 | 25,250 | 7.7 | 104,600 | 2.6 | 24.1 |
10 | Operating Profit | 25,394 | 21,927 | -13.7 | 90,400 | 3.6 | 24.3 |
11 | Ordinary Profit | 25,387 | 22,082 | -13.0 | 90,600 | 3.6 | 24.4 |
12 | Profit Before Income Taxes | 25,340 | 22,038 | -13.0 | 90,400 | 6.6 | 24.4 |
13 | Profit | 18,042 | 15,050 | -16.6 | 62,400 | 4.9 | 24.1 |
14 | Profit Attributable to Owners of Parent | 16,594 | 13,776 | -17.0 | 57,900 | 5.4 | 23.8 |
5
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Disclaimer
Acom Co. Ltd. published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 07:14:34 UTC.