Financial Results

for the 1st Quarter of Fiscal Year Ending March 31, 2024

Mitsubishi HC Capital Inc.

August 10, 2023

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  • 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 Mitsubishi HC Capital Inc. and/or its group companies.
  • These forward-looking statements are inherently subject to a number of risks and uncertainties that could cause the 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 Mitsubishi HC Capital Inc. 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.
  • Amounts are rounded down in this presentation, which may cause a fractional error in total amounts. We undertake 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.
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  • This presentation is created in Japanese and translated into English. The Japanese text is the original and the English text is for reference purposes. If there is any conflict or inconsistency between these two texts, the Japanese text shall prevail.

Definitions of Terms and Figures Used in this Presentation

  • MHC: Mitsubishi HC Capital
  • MUL: Mitsubishi UFJ Lease & Finance
  • HC: Hitachi Capital
  • JSA: Jackson Square Aviation (Aircraft leasing company)
  • ELF: Engine Lease Finance (Aircraft engine leasing company)
  • CAI: CAI International (Marine container leasing company)
  • BIL: Beacon Intermodal Leasing

(Merger with CAI (surviving company) completed in January 2023)

  • DAF: Diamond Asset Finance (Share transfer completed in March 2023)
  • CPD: CenterPoint Development (Became a wholly-owned subsidiary in April 2023)
  • CA: Mitsubishi HC Capital Auto Lease

(Merger with Mitsubishi Auto Leasing (surviving company) completed in April 2023)

  • Net Income:
    Net income (quarterly/annually) attributable to owners of the parent
  • Segment Assets:
    "Operating assets" + "equity-method investments" + "goodwill" + "investment securities, etc."

1

Index

  1. Financial Summary
  1. Financial Results for 1Q FYE 3/2024

III. Segment Updates

IV. Financial Forecast for FYE 3/2024

V. Appendix

2

  1. Financial Summary

3

Financial Summary

  • Progress against the financial forecast for FYE 3/2024 (net income: 120.0 billion yen) was 29.3%.
  • Financial forecast for FYE 3/2024 remains unchanged.

Gross profit increased by 1.3 billion yen (1.5%) YoY to 94.6 billion yen.

  • Gross profit for 1Q FYE 3/2024 increased by 1.3 billion yen (1.5%) YoY to 94.6 billion yen mainly thanks to the growth of the aviation business and the positive effects by adjusting fiscal period associated with the reorganization of subsidiaries* in the Americas, while lowered profitability caused by rising cost of funds in subsidiaries mainly in Europe and the Americas in the Global Business segment and the negative effects by the deconsolidation of DAF and CA in FYE 3/2023.

Recurring income decreased by 4.1 billion yen (10.0%) YoY to 37.7 billion yen.

  • Recurring income for 1Q FYE 3/2024 decreased by 4.1 billion yen (10.0%) YoY to 37.7 billion yen mainly due to an increase in expenses associated with the promotion of business activities in subsidiaries mainly in Europe and the Americas, and an increase in credit costs in line with the worsening market condition in the Americas in the Global Business segment.

Net income increased by 3.0 billion yen (9.6%) YoY to 35.1 billion yen.

  • Net income for 1Q FYE 3/2024 increased by 3.0 billion yen (9.6%) YoY to 35.1 billion yen mainly thanks to posting of extraordinary income in the real estate business as a result of making CPD our wholly-owned subsidiary.

* Refer to page 8 for details.

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Mitsubishi HC Capital Inc. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 06:22:15 UTC.