Total leasing contracts in the industry overall rose 1.6% 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 in line with levels in the previous year due to the impact of the GIGA School Program in the previous year, but new transactions increased Y/Y.
Factoring and loans increased in the Finance business, and both contracts executed and new transactions rose Y/Y.
Contracts executed : 1.4% down
New transactions : 8.7% up
Contracts executed : 10.3% up
New transactions : 9.8% up
Business Performance
Although operating income and ordinary income were both up over the previous fiscal year, bottom-line income fell short of the previous fiscal year due to an increase in net profit attributable to non-controlling interests.
The income forecast was not achieved mainly due to credit costs incurred in the Investment business and Leasing business after revised earnings forecasts were released on January 30, 2023.
NEC Capital Solutions Limited published this content on 30 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2023 08:58:02 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 
