Tokyo Century : Financial Results for FY2022 Consolidated 3Q

Consolidated Financial Results

For the Nine Months of Fiscal Year Ending March 31, 2023

February 7, 2023

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1. Financial Highlights

Financial Highlights	4
Ordinary Income by Operating Segment & ROA
5
Breakdown of Ordinary Income YoY
6
Breakdown of Ordinary Income
7
(Core earnings, gain on sales, impairment, etc.)
Breakdown of Changes in	8
Net Income (Loss) Attributable to Owners of Parent
Balance of Segment Assets by Operating Segment	9
FY2022 Consolidated Results Forecast
10
2. Results by Operating Segment
Results of Equipment Leasing	12
Results of Mobility & Fleet Management	13
Balance of Segment Assets and Transaction Volume	14
in Mobility & Fleet Management
Results of Specialty Financing	15
Balance of Segment Assets in Specialty Financing	16
Results of International Business	17
Balance of Segment Assets in International Business	18
3. Business Topics
Growth Strategies of Equipment Leasing	20
Performance of NTT TC Leasing	21
Improved Profitability of Car Rental Business	22
Value Chain Enhancement for Spread of EVs	23
Aviation Business 1 Aviation Market Overview	24
Aviation Business 2 ACG's Financial Performance	25
Aviation Business 3 ACG's Portfolio	26
Aviation Business 4 ACG's Capital Procurement Activities	27
Real Estate Business Portfolio Strategy	28
Renewable Energy Businesses	29
Collaboration with AP Group	30
CSI's Performance	31
CSI's Global Strategies	32

CSI's Strengths and Introduction of ITAD Services	33
Collaboration with the NTT Group and CSI	34
Finance Business for Construction Machinery in North America	35
4. Collaboration with the NTT Group
Status of Business Collaboration with the NTT Group	37
5. Promotion of Sustainability Management
Promotion of Sustainability Management	39
Carbon Neutrality Policy	40
Reduction in GHG Emissions	41
Aviation Business 1	42
Aviation Business 2	43
Scenario Analysis of Aircraft Leasing Business	44
Enhanced Human Resources	45
Corporate Governance	46
Reference Information on Sustainability Management	47
6. Appendix
Business Summary by Operating Segment	49
FY2022 Main Topics	50
Transition of Business Portfolio	51
Credit Ratings	52
Statement of Income	53
Balance Sheet	54
Interest-Bearing Debt	55
Quarterly Changes in Results by Subsidiary	56
in Mobility & Fleet Management
Breakdown of Ordinary Income by Operating Segment	57
(Core earnings, gain on sales, impairment, etc.)
Major Group Companies (Domestic)	58
Major Group Companies (Overseas)	59
External Evaluation: Inclusion in Global Indices	60

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1. Financial Highlights

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3

Financial Highlights

Ordinary income increased 13.6% to ¥82.6 billion, and net loss attributable to owners of parent was ¥10.2 billion due to extraordinary losses related to Russia YoY

	FY2021	FY2022
	Change	% Change
	Q3 Result	Q3 Result
Revenues	936.9	958.5	21.6	2.3%
Operating income	65.8	69.1	3.2	4.9%
Ordinary income	72.7	82.6	9.9	13.6%
Net income(loss) attributable to owners of parent	43.5	-10.2	-53.6	-

FY2022Forecast

Announced on	% Progress
January 10, 2023
-	-
-	-

100.0 82.6%

1.0

-

	ROE（Net income / Shareholders' equity)	9.5%	-	-
	Average foreign exchange rate (USD1)	￥108.58	￥128.30	(Foreign exchange rate for January-
				September for major overseas subsidiaries)
		Mar. 31, 2022	Dec. 31, 2022
		Change	% Change
	Total assets	5,663.8	6,201.8	538.0	9.5%
	Balance of segment assets	4,879.4	5,509.5	630.1	12.9%
	Shareholders' equity	673.0	828.0	154.9	23.0%
	Shareholders' equity ratio	11.9%	13.4%	1.5pt
	Foreign exchange rate at quarter end (USD1)	￥115.02	￥144.81	(Foreign exchange rate for major
				overseas subsidiaries as of the end of

September)

* Profitability such as ROE and ROA is calculated on annualized basis

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Ordinary Income by Operating Segment & ROA

Ordinary income increased ¥9.9 billion because losses in International Business were offset by other business segments

Ordinary income		ROA

		FY2021	FY2022			FY2021	FY2022
		Q3 Result	Q3 Result	Change		Q3 Result	Q3 Result	Change
	Equipment Leasing	23.8	24.0	0.2		2.2%	2.4%	0.2pt
	Mobility & Fleet	13.7	22.8	9.1		2.9%	5.0%	2.1pt
	Management
	Specialty Financing	32.1	47.4	15.3		1.9%	2.4%	0.5pt
	International Business	11.2	-5.0	-16.2		3.0%	-	-
	Other	-8.0	-6.7	1.3
	Total	72.7	82.6	9.9		2.0%	2.1%	0.1pt

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