Total leasing contracts in the industry overall fell 2.1% Y/Y.
We need to continue to monitor future trends in the financing environment and bankruptcies.
Results in Key Business Units
Contracts executed in the Leasing business were down over the previous year due to the impact of the GIGA School program in the previous year, but new transactions increased compared to the previous year.
Loans increased in the Finance business, primarily for business loans, and both contracts executed and new transactions rose Y/Y.
Contracts executed : 2.1% down
New transactions : 12.9% up
Contracts executed : 5.6% up
New transactions : 5.6% up
Business Performance
Revenue grew due to the sale of real estate for sale in the Investment business posted in Q1.
The increase in gross profit in all segments absorbed the higher credit-related expenses, and led to an increase in ordinary income over the previous year.
NEC Capital Solutions Limited published this content on 28 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2022 08:23:02 UTC.
NEC Capital Solutions Ltd is a Japan-based company mainly engaged in the provision of finance services such as leasing, installments, and corporate loans to government offices, local governments and large and small companies. It operates through four business segments. Leasing and Installment segment is engaged in the leasing and installment sale of information processing equipment, communications equipment, office equipment, as well as industrial, civil engineering and construction machinery. Finance segment is engaged in money lending, factoring and securities investment business. Lisa segment is engaged in principal investment business, debt investments, real estate business, as well as provision of finance and advisory services. The Others segment is engaged in sale of secondhand products, collection of transaction fees, health care related business, as well as solar power generation and distribution business. It is also engaged in the operation of hotels and consulting business.
NEC CAPITAL SOLUTIONS LIMITED 
