Mitsubishi HC Capital : Financial Results for the Fiscal Year Ended March 31, 2023 with script
May 18, 2023 at 03:09 am EDT
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Greetings, everyone. This is Taiju Hisai. I assumed the position of President& CEO in April this year.
Although I'm sure you are all very busy, thank you kindly for taking the time to attend this briefing on our financial results for FYE3/2023 and the Medium-term Management Plan. In addition to those of you attending in person, we are also joined by many people watching live online. Thank you all.
It has already been more than two years since the business integration of Mitsubishi UFJ Lease & Finance and Hitachi Capital in April, 2021. The post-merger integration process we laid out at the beginning of the integration was completed as planned at the end of March this year, and so we will finally begin our Medium-term Management Plan from this fiscal year, the first step toward achieving Our 10-year Vision, "Together we innovate, challenge and explore the frontiers of the future." I will be referring to this Medium-term Management Plan as 2025 MTMP throughout this presentation.
It is not an overstatement to say that, in a way, this fiscal year represents a new step for the Mitsubishi HC Capital Group, and our true beginning. As President & CEO, I shall stand at the forefront, and work to guide and enhance our Group so that we can make this new start successfully.
I hope that you continue to expect more great things from Mitsubishi HC Capital in the future.
Today, we will hear from Director and Managing Executive Officer Mr. Haruhiko Sato about our financial results for FYE3/2023, and our financial forecast for FYE3/2024. Following this, I would like to talk about overview of the 2025 MTMP and our mindset, as well as introduce some of our initiatives toward accomplishing the plan.
First of all, I must note our overall financial results and some specific points. Please refer to the Highlights on page 4 of the material "Financial Results for the Fiscal Year Ended March 31, 2023" in front of you.
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The upper part describes our financial results for FYE3/2023. Net income exceeded the forecast by 6.2 billion yen, coming in at 116.2 billion yen. Considering this, the annual dividend per share increases by 2 yen beyond the forecast, up 5 yen YoY to 33 yen.
The middle part describes our financial forecast for FYE3/2024. We expect the net income of 120.0 billion yen. Dividend per share, in line with the forecast payout ratio of 40% or more in the 2025 MTMP, the dividend per share is forecast to be 37 yen, increase by 4 yen YoY.
Finally, although I will talk about the 2025 MTMP later, at the bottom of the page you can see that our financial targets at the final year of the 2025 MTMP (FYE3/2026) are the net income of 160.0 billion yen, ROA of approximately 1.5%, and ROE of approximately 10%. I will explain more in greater detail later.
For now, I will hand over to Mr. Sato.
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Mitsubishi HC Capital Inc. published this content on 18 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2023 07:08:01 UTC.
Mitsubishi HC Capital Inc, formerly Mitsubishi UFJ Lease & Finance Co Ltd, is a Japan-based company mainly engaged in the financial business. The Company operates in two business segments. The Customer Finance segment is engaged in the finance lease and installment sale of machinery, equipment and fixtures, as well as the provision of monetary loan services and other related financial services. The Asset Finance segment is engaged in the operating lease of machinery and transportation equipment, the investment and loan businesses related to real estate, the management of securities, the finance business related to aircrafts and ships, as well as the leasing of office buildings.