Consolidated Financial Results Summary
for the Second Quarter ended September 30, 2020
November 5, 2020
© Hitachi Capital Corporation 2020. All rights reserved.
Contents
- Summary of Consolidated Financial Results for the Second Quarter of FY2020
- Monthly trends in main items
- Summary of Performance by Business
- Consolidated Financial Forecast for FY2020
© Hitachi Capital Corporation 2020. All rights reserved. | 1 |
1-1. The highlights of Consolidated Financial Results for the Second Quarter of FY2020
Main financial results achieved initial forecasts
Volume of
business
SG & A
Profit before tax
The result greatly exceeded initial forecast due to the recovery that was better than expected mainly in Global business.
(2Q FY2020 result: ¥798.8 billion, Initial forecast comparison: 114%)
The result was within initial forecast despite moratorium, due to restraint of bad debt-related expenses resulting from maintenance of high quality assets and thorough cost reduction in whole company.
(2Q FY2020 result: ¥48.2 billion, Initial forecast c omparison: 98%)
The result greatly exceeded initial forecast as a result of leading of key businesses in Japan and business structural reform in The Americas and China, etc..
(2Q FY2020 result: ¥17.7 billion, Initial forecast comparison: 109%)
© Hitachi Capital Corporation 2020. All rights reserved. | 2 |
1-2. Profit before tax of the Second Quarter of FY2020 (Year on Year)
- Business expansion in Japan and Global covered preparation cost of business integration with Mitsubishi UFJ Lease & Finance Company Limited etc..
- The result greatly exceeded initial forecast as a result of decrease in COVID-19 impact.
Excluding | |||
COVID-19 impact | |||
(Billions of yen) | 22.0* | ||
(Y on Y 107%) | |||
Preparation | COVID-19 | ||
impact | |||
cost of | |||
Business | 4.3 | ||
business | |||
expansion | integration | COVID-19 | Initial forecast |
etc. | etc. | ||
impact | 16.3 | ||
+2.8 | ▲1.4 | ||
▲4.3 | 17.7 | ||
20.6 | |||
Initial | |||
forecast | |||
comparison | |||
109% |
FY2019/2Q | FY2020/2Q |
Result | Result |
*The result excluding the COVID-19 impact3 © Hitachi Capital Corporation 2020. All rights reserved.
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Hitachi Capital Corporation published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2020 04:51:00 UTC