Mitsubishi HC Capital : Consolidated Monetary Highlights for the Third Quarter Ended December 31, 2021







Consolidated Monetary Highlights for the Third Quarter Ended December 31, 2021

[Based on J-GAAP]

February 10, 2022

Firm Identify:

Mitsubishi HC Capital Inc.

Inventory Trade Listed on:

Tokyo and Nagoya Inventory Trade (First Part)

Firm Code:

8593

URL: https://www.mitsubishi-hc-capital.com/

Consultant:

Takahiro Yanai, Consultant Director, President & CEO

For Inquiry:

Satoshi Inoue, Director, Senior Managing Govt Officer

TEL: +81-3-6865-3002

Scheduled Date of Submission of Monetary Studies:

February 10, 2022

Scheduled Graduation of Dividend Fee:

Supplemental Materials for Monetary Outcomes:

Out there

Holding of Quarterly Monetary Outcomes Assembly:

No

(Quantities of lower than a million yen are rounded down)

1. Consolidated Outcomes for the Third Quarter Ended December 31, 2021 (April 1, 2021 – December 31, 2021)

(1) Consolidated Working Outcomes (Cumulative)

(% represents the change from the identical interval within the earlier fiscal 12 months)

Revenues

Working earnings

Recurring earnings

Web earnings attributable to

homeowners of the guardian

For the 9 months ended

(Thousands and thousands of yen)

%

(Thousands and thousands of yen)

%

(Thousands and thousands of yen)

%

(Thousands and thousands of yen)

%

December 31, 2021

1,312,987

86.5

81,659

62.3

82,252

55.8

75,748

85.8

December 31, 2020

704,051

50,301

52,794

40,776

(Word) 1. Complete earnings:

9 Months Ended December 31, 2021:

¥106,367 million

343.3%

9 Months Ended December 31, 2020:

¥23,996 million

-%

  1. The Firm (the previous Mitsubishi UFJ Lease & Finance Firm Restricted) executed the enterprise integration with Hitachi Capital Company on April 1, 2021.The consolidated working outcomes for the 9 Months ended December 31, 2020 symbolize the outcomes of the previous Mitsubishi UFJ Lease & Finance Firm Restricted.
  2. Percentages change for the 9 Months ended December 31, 2020 are omitted as adjustments in accounting insurance policies had been utilized retrospectively.

Earnings per share

Diluted

earnings per share

For the 9 months ended

(Yen)

(Yen)

December 31, 2021

52.76

52.63

December 31, 2020

45.76

45.59

(2) Consolidated Monetary Place

Whole belongings

Whole Fairness

Fairness ratio

As of

(Thousands and thousands of yen)

(Thousands and thousands of yen)

%

December 31, 2021

9,915,757

1,265,074

12.5

March 31, 2021

6,014,896

817,906

13.4

(Reference) Shareholders’ fairness:

As of December 31, 2021:

¥1,242,510 million

As of March 31, 2021:

¥

803,796 million

(Word) 1. The consolidated monetary place for the 12 months ended March 31, 2021 symbolize the outcomes of the previous Mitsubishi UFJ Lease & Finance Firm Restricted.

2. Modifications in accounting insurance policies had been utilized retrospectively to figures as of March 31, 2021.

2. Dividends

Dividends per share

1st Quarter finish

2nd Quarter finish

third Quarter finish

12 months – finish

Annual

For the 12 months ended

(Yen)

(Yen)

(Yen)

(Yen)

(Yen)

March 31, 2021

12.75

12.75

25.50

March 31, 2022

13.00

March 31, 2022

13.00

26.00

(Forecast)

(Word) Modifications from the most recent launched dividend forecasts: None

3. Consolidated Earnings Forecasts for the 12 months Ending March 31, 2022 (April 1, 2021 – March 31, 2022)

(12 months-on-year change %)

Web earnings attributable to

Earnings per share

homeowners of the guardian

(Thousands and thousands of yen)

%

(Yen)

Full 12 months

95,000

71.7

66.17

(Word) Modifications from the most recent launched efficiency forecasts: None

1

* Notes

(1) Important adjustments in subsidiaries in the course of the interval

(Change of particular subsidiaries accompanying the change of scope of consolidation) :

Sure

Newly included: 14 corporations

(Firm title)

Capital Insurance coverage Company, Mitsubishi HC Enterprise Lease Company, Hitachi Capital (UK) PLC, Mitsubishi HC Capital America, Inc., Mitsubishi HC Capital Canada, Inc., Mitsubishi HC Capital Administration (China) Restricted, Mitsubishi HC Capital (Hong Kong) Restricted, Mitsubishi HC Capital Leasing (Beijing) Co., Ltd., Mitsubishi HC Capital Factoring (Shanghai) Co., Ltd., Mitsubishi HC Capital Asia Pacific Pte. Ltd., Mitsubishi HC Capital (Thailand) Co., Ltd., PT HCD Properti Indonesia, CAI Worldwide, Inc., Japan Infrastructure Initiative Firm Restricted

(2) Utility of accounting therapies particular to the preparation of the quarterly

consolidated monetary statements

:

Sure

(Word) For particulars, please check with “2. Quarterly Consolidated Monetary Statements and Main Notes, (3) Notes to the Quarterly Consolidated Monetary Statements (Utility of accounting therapies particular to the preparation of the quarterly consolidated monetary statements)” on web page 17.

(3) Modifications in accounting insurance policies, adjustments in accounting estimates, and restatement of revisions

() Modifications in accounting insurance policies with revision of accounting requirements, and so forth.

:

Sure

() Modifications in accounting insurance policies apart from () above

:

Sure

() Modifications in accounting estimates

:

No

() Restatement of revisions

:

No

(Word) For particulars, please check with “2. Quarterly Consolidated Monetary Statements and Main Notes, (3) Notes to the Quarterly Consolidated Monetary Statements (Modifications in accounting insurance policies)” on web page 17.

(4) Variety of excellent shares (frequent shares)

() Variety of excellent

shares (together with treasury shares)

() Variety of treasury shares

() Weighted common variety of shares excellent

As of December 31, 2021

1,466,912,244

shares

As of March 31, 2021

895,834,160

shares

As of December 31, 2021

31,232,590

shares

As of March 31, 2021

4,368,016

shares

For the 9 Months ended

1,435,622,733

shares

For the 9 Months ended

891,156,404

shares

December 31, 2021

December 31, 2020

(Word) On account of the enterprise integration with Hitachi Capital Company on April 1, 2021 (merger ratio: 1:5.1) , the variety of excellent shares elevated by 571,078,084 shares to 1,466,912,244 shares.

  • This “Consolidated Monetary Highlights” is outdoors the scope of an audit by licensed public accountants or an audit agency.
  • Rationalization relating to the suitable use of the forecasts, and so forth. (Remarks on forward-looking statements)
    The forward-looking statements on this report, together with earnings forecasts, have been ready utilizing info obtainable to the Firm on the date of launch and sure assumptions deemed affordable by the Firm, and should not supposed to guarantee that the Firm will obtain such outcomes. Precise earnings could differ considerably from the forecasts for varied causes.
  • This “Consolidated Monetary Highlights” is made in Japanese and translated into English. The Japanese textual content is the unique and the English textual content for reference functions. If there’s any battle or inconsistency between these two texts, the Japanese textual content shall prevail.

2

Contents

1Qualitative Data regarding Monetary Outcomes for the Third Quarter Ended December 31, 2021

4

(1)

Abstract of Working Outcomes

4

(2)

Abstract of Consolidated Monetary Place

8

(3)

Rationalization on Future Forecast Data together with Consolidated Earnings Forecasts

8

2Quarterly Consolidated Monetary Statements and Main Notes

9

(1)

Quarterly Consolidated Stability Sheets

9

(2)

Quarterly Consolidated Statements of Earnings and Quarterly Consolidated Statements of Complete Earnings

11

Quarterly Consolidated Statements of Earnings

For the 9 Months ended December 31, 2021 and 2020

11

Quarterly Consolidated Statements of Complete Earnings

For the 9 Months ended December 31, 2021 and 2020

12

(3)

Notes to the Quarterly Consolidated Monetary Statements

13

(Section info)

13

(Notes regarding going concern assumption)

17

(Notes regarding vital adjustments in shareholders’ fairness)

17

(Utility of accounting therapies particular to the preparation of the quarterly consolidated

17

monetary statements)

(Modifications in accounting insurance policies)

17

(Extra info)

18

3

1. Qualitative Data regarding Monetary Outcomes for the Third Quarter Ended December 31, 2021

  1. Abstract of Working Outcomes

On April 1, 2021, the Firm (the previous Mitsubishi UFJ Lease & Finance Firm Restricted, “MUL”) executed the enterprise integration with Hitachi Capital Company (“HC”) and adjusted the commerce title to Mitsubishi HC Capital Inc. (“MHC”)

Accordingly, the figures for the 9 Months ended December 31, 2020 in 1) Abstract of working outcomes and subjects are the sum of consolidated outcomes of MUL and people of HC (IFRS foundation) transformed into J-GAAP foundation in a simplified method, that are offered as reference worth.

Figures for the 9 Months ended December 31, 2020 and as of March 31, 2021 in 2) Working outcomes by reporting segments are the sum of consolidated outcomes of MUL and people of HC (IFRS foundation) transformed into J-GAAP foundation in a simplified method, that are reclassified to evolve to the brand new segmentation and offered as reference worth.

1) Abstract of working outcomes and subjects

Summarized outcomes for the 9 Months ended December 31, 2021 had been as follows.

Web earnings attributable to homeowners of the guardian elevated by ¥13.0 billion, or 20.8% 12 months on 12 months (reference worth) to ¥75.7 billion primarily because of 1) enterprise development in subsidiaries in Europe and the U.S. in Account Answer section and in marine container leasing in Logistics section, 2) steady alternative of the portfolio, and

  1. regular promotion in asset turnover enterprise, regardless of a reactionary fall in gross sales positive aspects and absence of compensation acquired in affiliation with the redevelopment undertaking, each recorded in Actual Property section within the 9 Months ended December 31, 2020.

Main subjects embrace that, in October 2021, the Firm introduced its help for Suggestions of the Activity Power on Local weather-related Monetary Disclosures (TCFD) and, in December 2021, recognized and introduced the next six materials points as our precedence key challenges we must always tackle for our sustainable development: (1) Promote a decarbonized society, (2) Notice the round economic system, (3) Set up resilient social infrastructure, (4) Notice wholesome existence that promote constructive wellbeing, (5) Create companies using the most recent applied sciences, and (6) Collaborate with companions regionally and globally. Recognizing the significance of those recognized materials points, the MHC Group works on efficient administration and enterprise actions towards fixing social points.

As a part of our efforts towards promotion of a decarbonized society and realization of affluent and sustainable future by means of enterprise, we established the Tokorozawa Kitaiwaoka Photo voltaic Energy Plant in July 2021 underneath the photo voltaic sharing mannequin which permits to deal with each offering electrical energy to Tokorozawa Metropolis, Saitama Prefecture, and cultivating blueberries. Our abroad efforts embrace the acquisition of shares of Trung Nam Wind Energy Joint Inventory Firm, a Vietnamese wind energy technology enterprise developer and operator, in Might 2021 to enter the wind energy market in Vietnam and the funding in a solar energy technology enterprise in California, the U.S., in September 2021. Additionally, we made funding in Common Hydrogen Co., a U.S. hydrogen-powered plane startup, in October 2021 and bought 25 new technology fuel-efficient plane engines within the plane engine leasing enterprise in November 2021, with an goal to contribute to decreasing environmental impacts of the aviation trade by additional rising such engines.

In Logistics section, the Firm acquired all shares of CAI Worldwide, Inc., a number one U.S. marine container leasing firm, and made them our wholly-owned subsidiary in November 2021. Benefiting from this acquisition, we are going to improve our international competitiveness within the marine container leasing enterprise with excessive development potential and steady leasing demand to develop the enterprise as certainly one of our development drivers.

4

(Billions of yen)

9 Months Ended

9 Months Ended

December 31, 2020

Change (%)

December 31, 2021

(Reference worth)

Revenues

1,273.3

1,312.9

3.1

Gross revenue

221.3

239.2

8.1

Working earnings

75.8

81.6

7.6

Recurring earnings

82.1

82.2

0.2

Web earnings attributable

62.7

75.7

20.8

to homeowners of the guardian

2) Working outcomes by reporting segments

Working outcomes by reporting segments had been as follows.

Following the enterprise integration with HC, the Firm reorganized its reporting segments to 10 segments as follows.

(For particulars of latest reporting segments, please check with “2. Quarterly Consolidated Monetary Statements and Main Notes, (3) Notes to the Quarterly Consolidated Monetary Statements (Section info)” on web page 13.)

(Buyer Enterprise)

Section revenue elevated by ¥15.3 billion, or 87.5% 12 months on 12 months (reference worth), to ¥32.8 billion primarily because of improved efficiency of ENGS Holdings Inc., a U.S. gross sales finance firm, and a rise in acquire on sale of strategic shareholdings.

(Account Answer)

Section revenue elevated by ¥6.9 billion, or 48.8% 12 months on 12 months (reference worth), to ¥21.1 billion primarily because of enterprise development primarily in Europe and the U.S. regardless of a rise in promoting, normal and administrative bills related to expanded enterprise actions.

(Vendor Answer)

Section revenue decreased by ¥0.9 billion, or 27.1% 12 months on 12 months (reference worth), to ¥2.4 billion attributable to a lower in new transactions quantity and section belongings within the 12 months ended March 31, 2021.

(LIFE)

Section revenue elevated by ¥1.0 billion, or 34.4% 12 months on 12 months (reference worth), to ¥4.0 billion because of a rise in gross sales positive aspects in the actual estate-related enterprise in addition to a lower in promoting, normal and administrative bills.

(Actual Property)

Section revenue decreased by ¥10.6 billion, or 48.8% 12 months on 12 months (reference worth), to ¥11.1 billion attributable to a reactionary fall in gross sales positive aspects and absence of compensation acquired in affiliation with the redevelopment undertaking, each recorded within the 9 Months ended December 31, 2020.

(Atmosphere & Renewable Vitality)

Section revenue decreased by ¥0.3 billion, or 6.4% 12 months on 12 months (reference worth), to ¥4.4 billion attributable to a reactionary fall in gross sales positive aspects associated to the solar energy technology enterprise recorded within the 9 Months ended December 31, 2020 regardless of a rise in electrical energy gross sales revenues.

5

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Disclaimer

Mitsubishi HC Capital Inc. revealed this content material on 10 February 2022 and is solely accountable for the knowledge contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 06:08:26 UTC.

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All information about MITSUBISHI HC CAPITAL INC.

Gross sales 2022 1 477 B
12 791 M
12 791 M
Web earnings 2022 109 B
940 M
940 M
Web Debt 2022

P/E ratio 2022 8,16x
Yield 2022 4,29%
Capitalization 886 B
7 673 M
7 673 M
Capi. / Gross sales 2022 0,60x
Capi. / Gross sales 2023 0,56x
Nbr of Workers 8 690
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Technical evaluation developments MITSUBISHI HC CAPITAL INC.

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Earnings Assertion Evolution

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Imply consensus OUTPERFORM
Variety of Analysts 4
Final Shut Value
617,00 JPY
Common goal worth
700,00 JPY
Unfold / Common Goal 13,5%