NEC Capital : Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 495KB (2023/04/28)

Cash Flows From

Cash Flows From

Cash Flows From

Cash and Cash

Equivalents at the end

Operating Activities

Investing Activities

Financing Activities

of the year

Million Yen

Million Yen

Million Yen

Million Yen

Fiscal year ended

29

(9,581)

7,875

35,557

March 31, 2023

Fiscal year ended

46,815

(501)

(46,932)

37,467

March 31, 2022

Annual Dividends

Total

Dividend

Dividend

1st

2nd

3rd

on Net

Fiscal

Dividends

Payout

quarter-

quarter-

quarter-

Total

Assets

year-end

Paid

Ratio

end

end

end

Ratio

Yen

Yen

Yen

Yen

Yen

Million Yen

%

%

Fiscal year ended

－

32.00

－

42.00

74.00

1,593

23.0

1.6

March 31, 2022

Fiscal year ended

－

37.00

－

73.00

110.00

2,368

36.9

2.2

March 31, 2023

Fiscal year ending

－

65.00

－

65.00

130.00

37.3

March 31, 2024

(Forecasts)

Profit attributable

Net Income per

Revenues

Operating Income

Ordinary Income

to owners of

Share: Basic

parent

Million Yen

%

Million Yen

%

Million Yen

%

Million Yen

%

Yen

Fiscal year ending

260,000

0.7

12,000

2.4

12,500

0.5

7,500

16.8

348.37

March 31, 2024

(Unit: Million Yen)

Term

As of March 31, 2022

As of March 31, 2023

Items

（Assets）

I. Current assets

1. Cash on hand and in banks

37,711

35,482

2. Accounts receivable, installment sales

35,341

38,828

3. Leases receivables and investment in leases

529,610

517,945

4. Accounts receivable, leases

20,680

22,034

5. Accounts receivable, loans

217,254

231,611

6. Purchased receivables

8,010

12,419

7. Operational investment securities

21,183

22,875

8. Real estate for sale

25,222

23,827

9. Prepaid expenses

2,576

2,659

10. Income taxes receivable

370

753

11. Other

11,181

9,693

12. Allowance for doubtful accounts

(10,159)

(9,839)

Total current assets

898,983

908,292

II. Fixed assets

(1) Property and equipment, net

(A) Leased assets

1.

Leased assets

55,253

55,819

(B) Other operating assets

1.

Other operating assets

5,502

7,199

(C) Assets held for own use

1.

Buildings

240

203

2.

Furniture and fixtures

148

104

3.

Construction in progress

2

-

4.

Other

70

55

Total assets held for own use

460

363

Total Property and equipment, net

61,216

63,381

(2) Intangible assets

(A) Computer programs leased to customers

1.

Leased assets

1,302

1,437

(B) Other intangible assets

1.

Software

1,397

1,007

2.

Software in progress

1,158

4,093

3.

Goodwill

1,625

1,559

4.

Other

384

1,075

Total other intangible assets

4,565

7,736

Total Intangible assets

5,868

9,173

(Unit: Million Yen)

Term

As of March 31, 2022

As of March 31, 2023

Items

(3) Investments and other assets

1. Investment securities

48,921

61,737

2. Claims provable in bankruptcy, claims

1,856

2,014

provable in rehabilitation and other

3. Long-term prepaid expenses

1,663

1,826

4. Net defined benefit asset

365

339

5. Deferred tax assets

11,480

9,045

6. Other

2,071

2,075

7. Allowance for doubtful accounts

(1,809)

(2,011)

Total investments and other assets

64,549

75,027

Total fixed assets

131,633

147,583

Total assets

1,030,617

1,055,875

(Unit: Million Yen)

Term

As of March 31, 2022

As of March 31, 2023

Items

（Liabilities）

I. Current liabilities

1.

Notes payable, trade

855

140

2. Accounts payable, trade

12,121

15,654

3.

Short-term borrowings

24,581

27,090

4.

Current portion of long-term debt

171,662

149,486

5.

Current portion of bonds

30,000

20,000

6.

Commercial paper

216,000

243,000

7.

Payable under securitized lease receivables

2,384

1,286

due within a year

8. Accounts payable, other

1,238

1,453

9. Accrued expenses

5,834

6,838

10. Accrued income taxes

267

238

11.

Advances received, lease

26,310

23,486

12.

Deposits received

2,203

2,043

13.

Unearned revenue

203

169

14. Allowance for bonuses

948

847

15. Allowance for bonuses for directors

-

33

16.

Other

3,315

4,624

Total current liabilities

497,925

496,394

II. Long-term liabilities

1.

Bonds

80,150

80,150

2.

Long-term debt

313,665

335,636

3. Payable under securitized lease receivables

3,985

2,699

4.

Net defined benefit liability

2,076

2,034

5.

Other

11,073

10,145

Total long-term liabilities

410,951

430,665

Total liabilities

908,876

927,060

(Net assets)

I. Shareholders' equity

1.

Common stock

3,776

3,776

2.

Capital surplus

4,645

4,646

3.

Retained earnings

92,414

97,131

4.

Treasury stock, at cost

(9)

(9)

Total shareholders' equity

100,827

105,545

II. Accumulated other comprehensive income

1. Net unrealized gains on marketable securities

1,383

1,627

2.

Deferred losses on hedging derivatives

101

91

3.

Foreign currency translation adjustments

915

2,262

4.

Remeasurements of defined benefit plans

(13)

(36)

Total accumulated other comprehensive

2,386

3,944

income

III. Non-controlling interests

18,526

19,325

Total net assets

121,740

128,815

Total liabilities and net assets

1,030,617

1,055,875