consolidated financial resultsconsolidated financial
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Consolidated Financial ResultsConsolidated Financial Results for for th Ni M th E d dth Ni M th E d dthe Nine Months Ended the Nine Months Ended
December 31, 2013December 31, 2013
Supplementary MaterialsSupplementary Materials
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J Trust Co., Ltd.
Nine Months Ended December 31, 2013J Trust Group’s key initiatives
➢Established J Trust’s overseas subsidiary (J TRUST ASIA PTE LTD.) in Singapore. • In October 2013 the Company established an overseas subsidiary as a hub to explore into financial business• In October 2013, the Company established an overseas subsidiary as a hub to explore into financial business,
amusement business, and other business companies with high growth potential in order to aggressively seek opportunities to enter into the business in which the Company can expect synergies with J Trust Group.
➢Acquired shares of Bank Mayapada, a major commercial bank in Indonesia and started business tie-up with theBank.
Corporate Restructuring
and • In December 2013, the Company has formed a capital and business tie-up with Bank Mayapada that constitutes the core of Mayapada Group (one of the nation’s top zaibatsu in Indonesia). In the future, the Company will contribute to further development of Indonesian economy, while exercising business synergies through combining J Trust Group’s know-how of business model that J Trust Group has established in Japan such as Retail Finance Business with Bank Mayapada’s know-how and licenses in financial business and driving b i i d i f t f fit bilit
andM&A
➢Reinforcement of financial ground• In December 2013, the Company paid back debts of borrowings etc. of J Trust Group’s subsidiaries from the
Resolution and Collection Corporation (“RCC”) in a lump-sum, which resulted in reinforcement of the financial
business expansion and reinforcement of profitability.
eso u o a d Co ec o Co po a o ( CC ) a u p su , c esu ed e o ce e o e a c aground.
• The borrowings were those which borrowings from Incubator Bank of Japan (“IBJ”), Ltd. were transferred to RCC in line with IBJ’s bankrupt. Accordingly there was a misunderstanding as if J Trust Group would have received public support from RCC. However the cause of misunderstanding was resolved this time.
• The Capital Ratio was enhanced by reducing debt obligations of whole J Trust Group. Reinforcement• The risk that would occur from Credia’s contracts to provide collateral to loan by RCC to a third party was
resolved.
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1
Nine Months Ended December 31, 2013Nine Months Ended December 31, 2013O i f C lid t d Fi i l R ltO i f C lid t d Fi i l R ltOverview of Consolidated Financial ResultsOverview of Consolidated Financial Results
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Overview of Consolidated Financial Results for the Nine Months Ended December 31, 2013
Year-on-Year Comparison of Consolidated Financial Results (cumulative) Unit: Millions of Yen
December 2012(cumulative)
December 2013(cumulative)
YOY growth (fall)
Rate of growth
(fall)Main factors behind growth (fall)
Result (%) Result (%)
Unit: Millions of Yen
Operating revenue 40,655 100.0 44,017 100.0 3,361 8.3
Operating revenue increased due to the followings: (1) interest on loans declined by 1.78 Billion Yen and installment payment paying for commission decreased by 2.03 Billion Yen due to a decrease in operating loans and advances paid-installment; (2) revenue of Amusement business rose by 3.53 Billion Yen due to contribution from full-year operating revenues of ADORES & Break which are subject to PL consolidation from July 2012, despite decreases in financial profit by 4.12 Billion Yen and profit on bad debt recovered by 1.39 Billion Yen because collection was made at a relatively low pace; (3) revenue of real estate business increased by 880 Million Yen in line with recovery of real estate market condition; and (4) 7.25 Billion Yen operating revenue of Chinae Savings Bank that inaugurated business in October 2012 was booked.
Operating expenses 13,620 33.5 19,360 44.0 5,740 42.1
Operating expenses increased because cost of sales of Amusement business increased by 2.71 Billion Yen and 2.82 Billion Yen operating expenses in banking business was booked.
Operating gross profit 27,035 66.5 24,656 56.0 ▲ 2,378 ▲ 8.8
SG&A rose due to the followings: (1) labor cost increased by 1.52 Billion Yen and other expenses rose by 1.41 Billion Yen in line with expansion of business scale of J Trust Group; (2) expenses related to bad debts increased by 180 Million Yen because provision of allowance for doubtful
SG&A 15,454 38.0 18,576 42.2 3,121 20.2increased by 180 Million Yen because provision of allowance for doubtful accounts increased by 5.11 Billion Yen as Chinae Savings Bank increased allowance for doubtful accounts, although provision of reserve for loss on liabilities for guarantee declined by 4.82 Billion Yen due to reversal of reserve for loss on liabilities for guarantee through full-payment of borrowings from RCC.
Operating income 11,580 28.5 6,079 13.8 ▲ 5,500 ▲ 47.5income , , ,
Ordinary income 13,076 32.2 5,608 12.7 ▲ 7,467 ▲ 57.1
Ordinary income fell because: (1) operating income declined by 5.5 Billion Yen; (2) dividends received decreased by 770 Million Yen; and (3) 1.1 Billion Yen stock delivery expenses concerning Rights Offering were booked.
Despite an increase in gain on sale of investment securities by 360 Million
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Net income 12,887 31.7 2,585 5.9 ▲ 10,302 ▲ 79.9p g y
Yen, net income declined due to the followings: (1) Ordinary income decreased by 7.46 Billion Yen; and (2) 2.95 Billion Yen provision for loss on litigation was made; and (3) Minority interests in income (reduction item) increased by 530 Million Yen.
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Overview of Consolidated Financial Results for the Nine Months Ended December 31, 2013Year-on-Year Comparison of Operating Revenue and Operating Income by Business Segment
(Consolidated/cumulative) Unit: Millions of yen( )
December 2012 (cumulative)
December 2013 (cumulative)
YOY growth (fall)
Rate of growth (fall)
Main factors behind growth (fall)
Operating 26 257 18 143 ▲ 8 113 ▲ 30 9Operating revenue fell due to: (1) decreases in interest on loans and i t ll t t i f i i b f d i
Unit: Millions of yen
Financial Business
Operating revenue 26,257 18,143 ▲ 8,113 ▲ 30.9 installment payment paying for commission because of decreases in
operating loans balance and advances paid-installment balance; and (2) decreases in other financial revenue and bad debt recovered because of relatively slow collection. Operating income declined due to a decrease in operating revenue despite reversal of reserve for loss on liabilities for guarantee.
Operating income 11,235 8,460 ▲ 2,775 ▲ 24.7
Operating 2 983 3 871 888 29 8Real estate trading market has gradually been recovering and consumption ta rise is sched led in Apr 2014 Under s ch en ironment operating
Real Estate Business
Operating revenue 2,983 3,871 888 29.8 tax rise is scheduled in Apr 2014. Under such environment, operating
income grew because: (1) revenues in real estate business continue strong; and (2) the gross profit margin was improved through efforts in ensuring/controlling proper inventory level in the midst of emergence of excess supply condition.
Operating income 156 457 300 191.9
Amusement B i
Operating revenue 9,132 12,732 3,600 39.4 Operating revenue/income grew due to the followings: (1) contribution for
the full year from revenues concerning Adores and Break which were bj t t PL lid ti f 2Q f fi l 2013 d (2) th C hBusiness subject to PL consolidation from 2Q of fiscal 2013 and (2) the Company has
focused on business restructuring and acquisition of new customers, etc.Operating income 145 898 753 518.9
International Business
Operating revenue 1,243 7,915 6,671 536.4 Operating revenue rose due to booking of operating revenue from Chinae
Savings Bank that inaugurated its business, while resulting in operating loss due to an increase in allowance for doubtful accounts.Operating
income 278 ▲ 2,078 ▲ 2,356 ▲ 847.5O ti
Other BusinessOperating revenue 2,285 2,226 ▲ 58 ▲ 2.5 Operating revenue fell because no revenue from JT Investment that was
dissolved during the preceding consolidated fiscal period. Operating income also resulted in loss due to increases in SG&A, etc.Operating
income 206 0 ▲ 206 ▲ 100.0
TotalOperating revenue 41,901 44,890 2,989 7.1
Operating income 12,021 7,738 ▲ 4,283 ▲ 35.6income , , ,
Inter-segment or corporate elimination
Operating revenue ▲ 1,246 ▲ 873 372 ▲ 29.9
Operating income declined because SG&A concerning J Trust are calculated as the whole expenses from this period.Operating
income ▲ 441 ▲ 1,658 ▲ 1,217 275.9
ConsolidationOperating revenue 40,655 44,017 3,361 8.3
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Consolidation Operatingincome 11,580 6,079 ▲ 5,500 ▲ 47.5
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Changes in Key Consolidated Management Changes in Key Consolidated Management Indices and Other Figures (Quarterly)Indices and Other Figures (Quarterly)Indices and Other Figures (Quarterly)Indices and Other Figures (Quarterly)
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Changes in Key Consolidated Management Indices and Other Figures (Quarterly)Balance by product
Unit: Millions of Yen
Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013Commercial notes 2,119 2,484 1,784 2,037 1,656 1,429 1,684 2,205
Accounts receivable-operating loans 27,713 24,886 24,984 20,241 18,227 16,861 15,267 14,409
Loans by banking business - - - 22,517 48,210 59,969 51,698 48,489
Advances paid-installment 65,024 60,044 55,319 51,756 48,133 45,544 42,905 41,170
Purchased receivables 2,310 2,239 2,028 2,482 2,529 2,454 2,239 2,259
L/T operating loans receivable 8,487 7,548 6,603 5,837 4,686 4,153 3,110 2,769
◎Changes in balance for key products
Credit guarantee balance 22,072 24,515 27,111 33,235 33,194 33,983 34,814 36,050
2 1192,484
2 03 2 205
4,000 Commercial notes
27,713 24,886 24,984
20 241
40,000 Accounts receivables-operating loans
48,210 59,969
51,698 48,489 50000
75000Loans by banking business
2,119 1,784 2,037
1,656 1,429 1,684 2,205
0
2,000
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12
20,241 18,227 16,861 15,267 14,409
0
20,000
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12
Advances paid-installment Purchased receivables50 000
Credit guarantee balance
22,517
0
25000
50000
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12M a r 1 2 J u n 1 2 S e p 1 2 D e c 1 2 M a r 1 3 J u n 1 3 S e p 1 3 D e c 1 3 M a r 1 2 J u n 1 2 S e p 1 2 D e c 1 2 M a r 1 3 J u n 1 3 S e p 1 3 D e c 1 3 M a r 1 2 J u n 1 2 S e p 1 2 D e c 1 2 M a r 1 3 J u n 1 3 S e p 1 3 D e c 1 3
65,024 60,044 55,319 51,756 48,133 45,544 42,905 41,170
0
50,000
100,000
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12
p
2,310 2,239 2,028 2,482 2,529 2,454 2,239 2,259
0
2,000
4,000
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12
22,072 24,515 27,111 33,235 33,194 33,983 34,814 36,050
0
10,000
20,000
30,000
40,000
50,000
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12
g
M a r 1 2 J u n 1 2 S e p 1 2 D e c 1 2 M a r 1 3 J u n 1 3 S e p 1 3 D e c 1 3 M a r 1 2 J u n 1 2 S e p 1 2 D e c 1 2 M a r 1 3 J u n 1 3 S e p 1 3 D e c 1 3 M a r 1 2 J u n 1 2 S e p 1 2 D e c 1 2 M a r 1 3 J u n 1 3 S e p 1 3 D e c 1 3
① Commercial notes tended to decrease due to reduced distribution of notes. However, the balance increased as a result of aggressive efforts in the context of expansion of commercial notes limit of trading financial institutions.②Accounts receivable-operating loans increased because Nihon Hoshou Co., Ltd. (former Lopro) took over Takefuji’s consumer finance business in March 2012. However, the balance tends to decline as a result of smooth collection.③Loans by banking business have increased due to Chinae Savings Bank’s acquisitions of partial assets from Mirae Savings Bank and transfers of loans from Solomon Savings Bank and HK Savings Bank in South Korea however tend to decrease slightly as a result of smooth collection of debts ④Advances paid installment substantially rose as KC Card was
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12
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and HK Savings Bank in South Korea, however tend to decrease slightly as a result of smooth collection of debts. ④Advances paid-installment substantially rose as KC Card was included in the scope of consolidation as a subsidiary in Aug 2011. Most recently, by balance configuration replacement policy implemented for the purpose of reducing risks, the volume of shopping transactions have stayed relatively stable, but cash advances have decreased. As a result , the total balance tends to decrease. ⑤Purchased receivables tend to decrease slightly because the collection amount exceeds the purchase amount despite proactive purchase of new receivables. ⑥Credit guarantee balance has been accrued smoothly through guaranteeing loans made by 7 regional financial institutions by Sep 2013.
Changes in Key Consolidated Management Indices and Other Figures (Quarterly)Allowance for Doubtful Accounts, etc. Unit: Millions of yen
◎Allowance for doubtful accounts Mar 12 Jun 12 Sep 12 Dec 12 Mar 13 Jun 13 Sep 13 Dec 13
Balance of doubtful accounts (a) 8,070 7,739 7,828 14,361 15,387 17,679 18,471 18,410
Allowance for doubtful accounts (b) 2,608 2,862 3,088 9,400 9,195 10,838 9,996 11,422
Allowance rate against balance of nonperforming loans (b)/(a) 32.3% 37.0% 39.5% 65.5% 59.8% 61.3% 54.1% 62.0%
Allowance against advances paid-installment 11,928 10,458 8,859 6,981 5,861 5,085 4,292 3,537
Other allowance for doubtful accounts - - 214 999 986 934 885 1,406
※ For secured loans or guaranteed loans, allowance for doubtful account is computed by reducing the estimated net realizable value guaranteed and the estimated collateral disposition from the amount of loans receivable while taking into consideration the debtor’s financial condition and operating results. Allowance for doubtful account is also provided for purchased receivables, right to indemnification, g p g p p , g ,membership, investment, and other assets, etc.
◎ Provision for loss on interest repayments
Provision for loss on interest repayment 4,150 3,932 9,514 8,856 8,438 8,145 7,593 7,388
Provision for loss on interest repayment against advances paid-installment 15,733 13,935 12,415 11,727 10,738 9,304 8,544 7,723
◎ Provision for loss on guarantees
Credit guarantee balance (c) 22,072 24,515 27,111 33,235 33,194 33,983 34,814 36,050
Secured 12,457 13,961 15,478 16,600 16,735 17,689 18,308 19,196
Unsecured 9 614 10 553 11 632 16 634 16 458 16 293 16 506 16 853Unsecured 9,614 10,553 11,632 16,634 16,458 16,293 16,506 16,853
Provision for loss on guarantees (d) 290 286 361 459 590 524 497 457
Provision rate against credit guarantee balance (d)/(c) 1.3% 1.2% 1.3% 1.4% 1.8% 1.5% 1.4% 1.3%
Provision for contingent liabilities of subsidiaries - - 2,869 3,335 3,427 3,513 3,578 -
・As for allowance for doubtful accounts, allowance rate against nonperforming loans subsequently has remained at high levels since Dec 2012. This is because large allowances compatible with risks in line with an increase in doubtful accounts balance of Chinae Savings Bank by a transfer of receivables, etc. in South Korea. Additionally, allowances for doubtful accounts were accrued, because procedures of personal resuscitation/confidence recovery and delinquent debts have increased more than assumption in South Korea since Sep 2013. ・Regarding provision for loss on interest refund claims, along with the small number of claims and the low amount of refund claims, the provision slightly declines because the provision is made in consideration of expected occurrence based on the latest results of excess payment.・In Sep 2011, when KC Card became a subsidiary, allowance for doubtful accounts & for losses on interest refund claims against advanced paid-installment were booked to prepare for losses from bad debts. But th h d d i ti t d i d id i t ll t
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they have decreased in proportion to a decrease in advances paid installment. ・Regarding provision for loss on guarantees, along with expansion of tie-up banks, the Company has increased balance mainly of guarantees for unsecured loan products of tie-up financial institutions. Then the ratio of guarantees for unsecured loan products of tie-up financial institutions has decreased because the Company increased balance of guarantees for secured loan products with lower risk burden rate than that of unsecured loan products in Sep 2013 to reduce risks. Meanwhile the Company made reversal of allowance for contingent liabilities of other subsidiaries due to full payment of borrowings, etc. to RCC.
Fiscal 2012 Fiscal 2013 Fiscal 2014
Changes in Key Consolidated Management Indices and Other Figures (Quarterly)Operating Revenue Unit: Millions of yen
Fiscal 2012 Fiscal 2013 Fiscal 2014Mar 12 Total Jun 12 Sep 12 Dec 12 Mar 13 Total Jun 13 Sep 13 Dec 13
Discount revenue 50 204 52 49 42 45 190 36 37 43Interest on loans 835 3,639 1,444 1,414 1,285 978 5,123 892 788 680Collection from purchased receivables 627 2,740 530 571 593 708 2,403 616 677 7626 , 0 530 5 ,Installment payment paying for commission 3,094 9,236 2,800 2,597 2,440 2,177 10,016 2,046 1,923 1,833Guarantee commission received 291 801 359 418 431 543 1,751 546 555 561Other financial revenue 654 3,358 1,707 1,492 2,751 917 6,868 708 598 519Gain on bad debts recovered 193 536 1 359 1 768 1 843 1 663 6 634 1 247 1 139 1 189Gain on bad debts recovered 193 536 1,359 1,768 1,843 1,663 6,634 1,247 1,139 1,189Sales on real estate business 1,089 2,645 1,090 824 1,064 1,305 4,285 703 1,326 1,835Sales on amusement business※ 4,654 4,475 4,354 13,484 4,222 4,493 3,947Construction of completion (design and construction)※ 124 655 559 1,339 490 15 525O i f b ki b i ※ 1 222 1 222 2 431 2 200 2 622Operating revenue of banking business ※ 1,222 1,222 2,431 2,200 2,622Others 425 1,346 521 674 616 551 2,364 601 542 650
Operating revenue 7,262 24,508 9,867 14,589 16,198 15,027 55,683 14,545 14,300 15,171※ Sales on amusement business and construction of completion (design and construction) has been assigned to categories since 2Q FY 2013 when Adores and Break became
included in the scope of consolidation for P/L in July 2012 Operating revenue of banking business has been assigned to a category since Mar 2013 due to Chinae Savings
Operating revenue roughly remains unchanged.The main breakdown of operating revenue is listed as below:
① Installment payment paying for commission: It has been in a declining trend due to flat sales of shopping and a decrease in cash advances.②Interest on loans/other financial revenue/gain on bad debts recovered: They
included in the scope of consolidation for P/L in July 2012. Operating revenue of banking business has been assigned to a category since Mar 2013 due to Chinae Savings Bank’s start of business in Oct 2012.
14 58916,198
15 027 14 545 15 171
20,000 Operating revenue
②Interest on loans/other financial revenue/gain on bad debts recovered: They had been satisfactory due to smooth collection on Takefuji’s loans receivable. But they have been in slow levels since Jun 2013.③Revenue of real estate business is recovering.④Amusement related sales: It has been generated since the acquisitions of Adores and Break as consolidated subsidiaries in the period ended Sep 2012.⑤Operating revenue of banking business: It was generated for the period
7,262
9,867
14,589 15,027 14,545 14,300 15,171
5,000
10,000
15,000
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⑤Operating revenue of banking business: It was generated for the period ended March 2013, as a result of Chinae Savings Bank’s start of business and acquisitions of partial assets from Mirae Savings Bank and transfers of receivables from Solomon Savings Bank and HK Savings Bank.
0 H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
Changes in Key Consolidated Management Indices and Other Figures (Quarterly)Selling, General and Administrative Expenses
U it Milli f
Fiscal 2012 Fiscal 2013 Fiscal 2014
Mar 12 Total Jun 12 Sep 12 Dec 12 Mar 13 Total Jun 13 Sep 13 Dec 13
Unit: Millions of yen
Personnel expenses 1,490 5,261 1,951 2,391 2,411 2,594 9,349 2,704 2,788 2,785
Other expenses 1,825 5,312 1,653 2,575 2,730 2,842 9,802 2,529 2,933 2,906
Expenses related to bad debts 937 3,855 533 348 858 1,999 3,740 981 2,248 ▲ 1,302Selling general andSelling, general and administrative expenses 4,254 14,429 4,138 5,314 6,001 7,437 22,892 6,216 7,970 4,389
4,000 Personnel expense
2 842 2 933 2 906
4,000
Other expenses
1,490 1,951
2,391 2,411 2,594 2,704 2,788 2,785
1,000
2,000
3,000
1,825 1,653
2,575 2,730 2,842 2,529
2,933 2,906
1,000
2,000
3,000
Personnel expenses and other expenses have increased due to a significant increase of employees along with the expansion of the scale of the Group’s business and an increase in transactions fees etc in purchase of accounts
0 H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12
0 H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12
1 9992 2483,000
Expenses related to bad debts
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
business, and an increase in transactions fees, etc. in purchase of accounts receivable, and M&A activities.
Expenses related to bad debts increased due to an increase in allowance for doubtful accounts in Chinae Savings Bank because procedures for procedures of personal resuscitation/confidence recovery and delinquent debts have increased more than assumption in South Korea in Sep 2013. However, the expenses related to bad debts declined due to reversal of reserve for credit guarantee loss
937 533 348
858
1,999
981
2,248
▲ 1 000
0
1,000
2,000
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for Credia’ contingent liabilities through full repayment of borrowings, etc. from RCC, while allowance for doubtful accounts increased in Chinae Savings Bank in Dec 2013 as well as in Sep 2013.
▲ 1,302▲ 2,000
▲ 1,000
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
Changes in Key Consolidated Management Indices and Other Figures (Quarterly) Quarterly Consolidated Results
Unit: Millions of Yen
Fiscal 2012 Fiscal 2013 Fiscal 2014
Mar 12 Total Jun 12 Sep 12 Dec 12 Mar 13 Total Jun 13 Sep 13 Dec 13
Operating income 1 287 5 539 4 039 3 451 4 089 424 12 005 2 225 6 3 847
Unit: Millions of Yen
Operating income 1,287 5,539 4,039 3,451 4,089 424 12,005 2,225 6 3,847
Ordinary income 1,678 5,486 3,870 3,612 5,593 628 13,704 2,262 ▲ 600 3,946
Net income 1,510 34,500 3,991 3,453 5,442 421 13,309 2,005 ▲ 861 1,441Gain on negative goodwill - 29 444 155 139 - - 294 - 60 251Gain on negative goodwill 29,444 155 139 294 60 251Net income without gain on negative goodwill 1,510 5,056 3,836 3,313 5,442 421 13,014 2,005 ▲ 922 1,190
6,000 Operating income
5,593 6 0007,000
Ordinary income
1,287
4,039 3,451
4,089
424
2,225
6
3,847
2,000
4,000
1,678
3,870 3,612
628
2,262
3,946
01,0002,0003,0004,0005,0006,000
In Q3 of Fiscal 2014, operating income, ordinary income and net income slightly recovered.
60
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12
▲ 600▲ 1,0000
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12
6,000
当期純利益当期純利益(負ののれん除く)
Net income Net incomeNet income without gain on negative goodwill
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
The main breakdowns are listed as below:(Operating income and Ordinary income)
・Both operating income and ordinary income grew because SG&A was tempereddue to a decrease in expenses related to bad debts through reversal of reservesfor credit guarantee loss, despite increases in personnel expenses and other expenses along with the expansion of business scale of J Trust Group.
(Net income)
1,510
3,836 3,3135,442
421
2,0051,190
01,0002,0003,0004,0005,000
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(Net income)・Net income increased thanks to favorable ordinary income and booking of gain on investment securities, etc., despite a decrease by provision for loss on litigation.
▲ 922▲ 2,000▲ 1,000
H24.3 H24.6 H24.9 H24.12 H25.3 H25.6 H25.9 H25.12Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
Changes in Key Consolidated Management Indices and Other FiguresCash out amount accompanied by interest refund claims Unit: cases, Thousand of yen
Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 Jul 11 Aug 11 Sep 11 Oct 11 Nov 11 Dec 11No. of claims 453 576 591 450 357 441 322 793 762 767 728 602
YOY 6.3% 4.2% ▲2.8% ▲20.1% ▲25.5% ▲15.2% ▲30.6% 92.5% 69.0% 51.9% 38.7% 18.3%Cash Out 83,448 98,702 162,716 155,484 116,941 102,897 103,980 109,224 253,017 287,401 429,263 303,902
Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12 Oct 12 Nov 12 Dec 12No. of claims 542 639 561 633 656 603 558 487 455 570 528 436
YOY 19.6% 10.9% ▲5.1% 40.7% 83.8% 36.7% 73.3% ▲38.6% ▲40.3% ▲25.7% ▲27.5% ▲27.6%Cash Out 222,316 236,405 441,019 479,082 498,907 648,290 375,019 270,622 343,812 280,099 314,408 424,735
Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13No. of claims 425 418 481 591 598 541 585 510 518 671 543 534
YOY ▲21.6% ▲34.6% ▲14.3% ▲6.6% ▲8.8% ▲10.3% 4.8% 4.7% 13.8% 17.7% 2.8% 22.5%Cash Out 278,221 499,200 265,434 232,533 301,858 351,328 272,207 283,809 260,768 291,590 316,592 315,596
793 767 800
900
600 000
700,000
Changes in the number of claims and refund amount Refund claims by month almost remains flat, although the latest number increased on YOY basis.The cash out amount
KC Card becomes a subsidiary
576 591
450 441
762 767
728
602
542
639
561
633 656
603 558
487 455
570 528
436 481
591 598
541
585
510 518
671
543
534 500
600
700
400,000
500,000
600,000 increased due to an increase in the number of cash out temporarily through driving voluntary settlement for early settlement since FY2012 However most
453 450
357
441
322
455 436 425 418
481 5 0
200
300
400
100 000
200,000
300,000 FY2012. However, most recent refund claims were in a slow level as the Company promoted settlement ahead of schedule for creditors with high refund ratio (proportion
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0
100
0
100,000
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 112011
of cash out to the claimed amount). 2012 2013
Progress of Consolidated Financial Forecast Progress of Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2014for the Fiscal Year Ending March 31, 2014for the Fiscal Year Ending March 31, 2014for the Fiscal Year Ending March 31, 2014
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12
Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2014
Unit: Millions of Yen
Fiscal 2013 3Q of Fiscal 2014 (cumulative) 3Q progress
Actual results (%) Actual results (%) (%)
Operating revenue 55,683 100.0 44,017 100.0 79.0
(Main b kd )
Interest on loans 5,123 9.2 2,360 5.4 46.1Operating revenue of banking business 1,222 2.2 7,255 16.5 593.7Installment payment paying for commission 10,016 18.0 5,803 13.2 57.9
Guarantee commission received 1,751 3.1 1,663 3.8 95.0breakdown) , ,
Sales on real estate business 4,285 7.7 3,866 8.8 90.2Sales related to amusement business 14,823 26.6
12,663 28.892.4Construction of completion
(design & construction) 1,031 2.3(design & construction)Gain on bad debts recovered 6,634 11.9 3,575 8.1 53.9
Other financial revenue 6,868 12.3 1,826 4.2 26.6Operating income 12,005 21.6 6,079 13.8 50.6
Ordinar income 13 704 24 6 5 608 12 7 40 9
Regarding consolidated results in 3Q of FY 2014 (cumulative), operating revenue slightly grew year-over-year thanks to: (1) increases in operating revenue in banking
Ordinary income 13,704 24.6 5,608 12.7 40.9Net income 13,309 23.9 2,585 5.9 19.4
※Sales related to amusement business in main breakdown of operating revenue in actual results in fiscal 2013 include construction of completion.
business by establishment of Chinae Savings Bank in Fiscal 2013; (2) revenue related to amusement along with consolidated subsidiaries of Adores and Break; and (3) and favorable sales in real estate business, despite (i) decreases of interest on loans and installment payment paying for commission due to decreases of operating loans and advances paid-installment; and (ii) decreases in bad debts recovered and other financial incomes due to relatively low collection.
Operating income declined year-over-year due to an increase in allowance for doubtful accounts in Chinae Savings Bank as well as an increase in operating expenses in banking business and amusement business, despite decreases in SG&A such as reversal of reserves of credit guarantee loss along with full payment of borrowings from RCC. Additionally, both ordinary income and quarterly net income decreased in comparison with the prior same period due to expenses to issue h i Ri h Off i d b ki f ll f l li i i i C di
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13
shares concerning Rights Offering and booking of allowance for loss on litigation in Credia. As to forecast of full-year consolidated results, we would like to defer disclosure of full-year consolidated financial forecast for the fiscal year ending March 31, 2014 because it is difficult to calculate financial forecast reasonably at present, as we announced it in “Amendments to financial Forecast” as of Nov 8, 2013. As soon as financial forecast for the said period is performed, additional disclosure will be promptly made.
((ReferenceReference11))((ReferenceReference11))Overview of NonOverview of Non--Consolidated Financial ResultsConsolidated Financial Resultsfor the Nine Months Ended December 31, 2013for the Nine Months Ended December 31, 2013
&&Progress of NonProgress of Non--Consolidated Financial ForecastConsolidated Financial Forecast
for the Fullfor the Full Year Ending March 31 2014Year Ending March 31 2014for the Fullfor the Full--Year Ending March 31, 2014Year Ending March 31, 2014
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14
Overview of Non-Consolidated Financial Results for the Nine Months Ended December 31, 2013Year-on-year comparisons of financial results
Unit: Millions of Yen
Dec 2012(cumulative)
Dec 2013(cumulative)
YOY increase
or decrease
(%) Main factors behind increase (decrease)Results (%) Results (%)
Unit: Millions of Yen
Operating revenue 2,851 100.0 4,125 100.0 1,274 44.7
Dividends from subsidiaries thanks to favorable results of subsidiaries in previous FY increased by 1.78 billion yen, while other financial revenue in purchase of accounts receivable services decreased by 330 million yen as well as adecreased by 330 million yen as well as a decrease in interest income by 270 million yen due to a decrease of loans to subsidiaries.
Operating expenses 925 32.5 689 16.7 ▲ 236 ▲ 25.5 Interest on loans decreased.
O tiOperating gross profit 1,925 67.5 3,436 83.3 1,510 78.5
SG & A 1 000 35 1 1 433 34 8 433 43 4
Taxes and dues increased by 170 million yen due to an increase pertaining capital of business tax for increased capital by exercise of Rights Offering (Non Commitment Type/ Gratis allotment of ListedSG & A 1,000 35.1 1,433 34.8 433 43.4 (Non-Commitment Type/ Gratis allotment of Listed Subscription Right) as well as an increase of commission fee by 130 million yen in line with M&A, etc.
Operating i 925 32.5 2,002 48.5 1,077 116.4income , ,
Ordinary income 966 33.9 931 22.6 ▲ 35 ▲ 3.6
1.10 billion yen stock issuance fees concerning Rights Offering were booked despite an increase of operating income by 1.07 billion yen.
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Net income 962 33.8 1,373 33.3 410 42.7 Gain on sale of investment securities increased by 450 million yen.
15
Non-Consolidated Financial Forecast for the Fiscal Year Ending March 31,2014
U it Milli fUnit: Millions of yen
Fiscal 2013 3Q of Fiscal 2014 (cumulative) 3Q Progress
Actual Results (%) Actual Results (%) (%)
Operating revenue 3,546 100.0 4,125 100.0 116.3
(Main b kd )
Interest income 649 18.3 263 6.4 40.6
Di id d i d 2 015 56 8 3 385 82 1 168 0breakdown) Dividends received 2,015 56.8 3,385 82.1 168.0
Other financial revenue 693 19.6 235 5.7 33.9
Operating income 1,029 29.0 2,002 48.5 194.6
Ordinary income 1,073 30.3 931 22.6 86.8
Net income 1,056 29.8 1,373 33.3 129.9
Operating revenue and operating income for 3Q of Fiscal 2014 grew year-over-year mainly due to an increase in dividends income.Ordinary income slightly increased year-over-year although approx. 1.10 billion yen expenses concerning Rights Offering were booked in bulk on non-operating expense. Net income for 3Q of Fiscal 2014 also increased from the results in prior quarter period thanks to 460 million yen income on sales of investment securities.On a full-year basis, as announced in the “Amendments to financial Forecast” as of Nov 8, 2013, because it is difficult to calculate financial forecast reasonably at present, we would like to defer disclosure of full-year non-consolidated financial forecast for the fiscal year ending March 31, 2014. As soon as financial forecast for the said period is performed, additional disclosure will be promptly made
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16
((R fR f 2)2)((Reference Reference 2)2)Overview of Achievements of Main Consolidated SubsidiariesOverview of Achievements of Main Consolidated Subsidiaries
Financial business Nihon Hoshou Co., Ltd.
Partir Servicer Co., Ltd.
Saikyo Card Co., Ltd.
KC Card Co., Ltd.
Credia Co., Ltd.,
Real estate business Keynote Co., Ltd.
Amusement business Adores, Inc.
Break Co., Ltd.
International business Chinae Savings Bank Co., Ltd.
Neoline Credit Co LtdNeoline Credit Co., Ltd.
J Trust Asia PTE. LTD.
Other business J Trust System Co., Ltd.
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17AAD Co., Ltd.
Overview of Achievements of Main Consolidated Subsidiaries – Finance Business 1
Trade name : NIHON HOSHOU Co LtdTrade name : NIHON HOSHOU Co., Ltd.Representative : Toshihide Yamamoto
President & Representative DirectorMain office location : 1-7-12 Toranomon, Minato-ku, TokyoDate established : March 17, 1970Business description : Comprehensive Financial Business
(Loan business - Business & Consumer loan services,factoring business, credit guarantee business)
Registration : Head of Kinki Finance Bureau(10)No. 00101Affiliated organization : Japan Financial Service Association No 002268 JCFA JICC
Nihon Hoshou websiteNihon Hoshou websiteAffiliated organization : Japan Financial Service Association No.002268, JCFA,JICCFiscal year end : February (FY end was changed to March as of January 9, 2014)Amount of capital : 95 million yenPrincipal shareholder : J Trust Co., Ltd. 100%
P/L(Cumulative ) Unit : Millions of Yen
Dec 12 Dec 13 YOY
Operating revenue 13,891 8,091 ▲5,800
Operating income 6,514 2,709 ▲3,805
TopicsMay 2013 Tied up with Exchange Corporation K.K. for credit guarantee
operations
June 2013
July 2013
operations.・ Started handling credit guarantee operations for “AQUSH” ‘mortgage loan) provided by Exchange Corporation .Osaka branch location moved. <New location :8-8 Nodamachi 2-chome, Miyakojima-ku, Osaka >Main store location (on registry) moved. No change in main office
• Nihon Hoshou’s accounting period is February, thus necessary amendments for consolidation were made for material transactions in December in financial statements in November.
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18Aug 2013
location. <Main store location : 8-8 Nodamachi 2-chome, Miyakojima-ku, Osaka >Started offering of “KC VIP Loan Card” that is a tie-up product with KC Card.
Overview of Achievements of Main Consolidated Subsidiaries – Finance Business 2
Trade name : PARTIR Servicer Co LtdTrade name : PARTIR Servicer Co., Ltd.Representative : Norio Uemura, president and representative directorMain office location : 1-7-12 Toranomon, Minato-ku, TokyoDate established : August 23, 2007Description of business : Servicer involved in the following Partier websitePartier website
: (Purchase of specific monetary debts, receivables management and recovery, commissioned management and recovery services):
Registration : Servicer License Permit number No. 113 issued by Ministry of JusticeBuilding Lots and Buildings Transaction Business License (1)No.92180 issued by the governor of Tokyo; Antique dealer license No.301081103581 issued by Tokyo Public Safety Committee
Affiliated organization Loan Servicers Association of JapanTokyo Real Estate Transaction Association, etc.
Accounting period : MarchAmount of capital : 500 million yen Unit: Millions of YenP/L (cumulative)
Principal shareholder : J Trust Co., Ltd. (100%) Dec 12 Dec 13 YOY
Operating revenue 960 946 ▲13
Operating income 150 102 ▲48
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Operating income 150 102 ▲48
Overview of Achievements of Main Consolidated Subsidiaries – Finance Business 3
Trade name : Saikyo Card Co., Ltd. Representative : Fumihiko Akiyama
President & Representative Director
M i ffi l ti West 92 Building 4F, Ginnangai 4, ShunanMain office location : West 92 Building 4F, Ginnangai 4, Shunan City, Yamaguchi
Date established : April 12, 1994Business description : Individual credit purchase brokerage business,
Moneylending businessRegistration : Moneylending business registration (7)No 00101
Saikyo Card websiteSaikyo Card website
Registration : Moneylending business registration (7)No.00101issued by Head of Chugoku Local Finance Bureau
: Individual credit purchase brokerage register no. Chugoku (Individual), No.8
Affiliated organization : Japan Financial Services Association, member number 002603; Japan Consumer Credit Association
Fiscal year end : MarchFiscal year end : MarchAmount of capital : 60 million yenShareholder : J Trust Co., Ltd. 80.00%
The Saikyo Bank, Ltd. 20.00%Parent institution : The Saikyo Bank, Ltd.
Dec 12 Dec 13 YOY
Operating revenue 250 210 ▲40
O ti i 30 0 ▲30
Unit : Millions of YenP/L (cumulative)Topics
Jan 2014 Saikyo Card was removed from J Trust Group upon t f f ll h h ld b J T t (80% f h l
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Operating income 30 0 ▲30
20
transfer of all shares held by J Trust (80% of whole shares) to Saikyo Bank.
Overview of Achievements of Main Consolidated Subsidiaries – Finance Business 4
Trade name : KC Card Co., Ltd.Representative : Satoshi Ando, presidentMain office location : 3 4 2 Hakata ekimae Hakata ku FukuokaMain office location : 3-4-2 Hakata-ekimae, Hakata-ku, FukuokaDate established : April 26, 1963Amount of capital : 3,055 million yenBusiness description : Credit card business, loan business, real estate business, etc.Registration : Comprehensive credit purchase and mediation business Kyushu (Comprehensive)No.30
I di id l dit h d di ti b i K h (I di id l)N 14 1
KC Card websiteKC Card website
Individual credit purchase and mediation business Kyushu (Individual)No.14-1Moneylending business Head of Fukuoka Finance Bureau(10) No. 00030The third party type prepaid method payment measure issuance business Head of Fukuoka Finance Bureau No. 00088
Affiliated organization : Japan Financial Association, member number 002328; Japan Consumer Credit AssociationAccounting periodA t f it l
: December3 055 illiAmount of capital : 3,055 million yen
Shareholder : J Trust Co., Ltd. 98.54% (percentage of voting rights); others
Unit: Millions of YenP/L (cumulative)Topics
April 2013 KC Card’s 50th anniversaryMay 2013June 2013July 2013
Aug 2013
New service was launched to exchange Happy Points with “Amazon’s Gift Card.”Card Loan “KC Money Card” was renewed.FC Gifu Official/KC Card was issued ・Official credit card of J2 Soccer Team 「FC Gifu」Launched tie-up guarantee business with Tomato Bank.・Started offering ”Tomato/KC Omatome Card Loan” that Tomato Bank offers
Dec 12 Dec 13 YOY
Operating revenue 9,375 7,337 ▲2,037
Operating
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21
Started offering Tomato/KC Omatome Card Loan that Tomato Bank offers.Launched offering of “KC VIP Loan Card” (Guarantee company: Nihon Hoshou)
Operating income 4,813 2,507 ▲2,306
Overview of Achievements of Main Consolidated Subsidiaries – Finance Business 5
Trade name : CREDIA CO., LTD.Representative : Tomohiko Sato, presidentMain office location : 10-5 Minami-cho Suruga-ku ShizuokaMain office location : 10-5 Minami-cho, Suruga-ku, ShizuokaDate established : July 8, 2008Business description : Loan business (Consumer loan services, business loan services)
credit guarantee business, and other financial servicesPrincipal shareholder : J Trust Co., Ltd. 100% Credia websiteCredia websitep ,Registration : Head of Tokai Finance Bureau (2) No. 00165
Building Lots and Buildings Transaction Business License (1) No.13120 issued by the governor of Shizuoka
Affiliated organization : Japan Financial Services Association, No.005408A ti i d M hAccounting period : MarchAmount of capital : 100 million yen
P/L(cumulative)Unit: Millions of Yen
Topics
Dec 12 Dec 13 YOY
Operating revenue 824 858 33
Operating 820 ▲679 ▲1 500
Dec 2013 Regarding a lawsuit on exercise of the right of veto, Credia was delivered judgment of First Instance from Tokyo District Court.(Plaintiff) Bankrupt: SF Corporation; Bankruptcy administrator: GinjiroSuzuki
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22
Operating income 820 ▲679 ▲1,500
※ The count numbers in Dec 2012 are those after 2Q of FY 2013 when Credia was included in the scope of PL consolidation.
S
Overview of Achievements of Main Consolidated Subsidiaries – Real estate business
Trade name : Keynote Co., Ltd.Representative : Yasushi Hashimoto, presidentMain office location : Meiko Building 6F, 1-6-2 Higashiyama, Meguro-ku, TokyoDate established : July 10, 1996
Keynote websiteKeynote website
Business description : Real estate trading (Development and sales of dethatched houses and apartments), old house renovation (purchase of old houses, sales upon renovation), real estate brokerage, consulting
Registration : Building Lots and Buildings Transaction Business License No. (1) 7845 issued by Minister of land, Infrastructure and Transportation Offi f Fi t Cl A hit t N 55909 i d b G f T k: Office of First Class Architect No.55909 issued by Governor of Tokyo
: Specific Construction Business (specific-22) No.135078 & (specific-25) No.135078 issued by Governor of Tokyo
Affiliated organization : National Association for Real Estate Guarantee Registered member of JIO, etc.
Dec 12 Dec 13 YOY
Unit : Millions of Yen
Accounting period : MarchAmount of capital : 30 million yenPrincipal shareholder : Adores, Inc. 100%
(42.91% owned by J Trust Co., Ltd.) P/L (cumulative)
Dec 12 Dec 13 YOY
Operating revenue 2,531 3,246 714
Operating income 81 144 62
TopicsMarch 2013
June 2013
A Share Exchange was conducted to turn Adores into a wholly owning parent company and Keynote/Break into wholly owned subsidiaries. Business restructuring was conducted for organizational efficiency.
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23
J 0 3 g g y・construction business was abolished at Adores. Instead Keynote succeeded the business.
Overview of Achievements of Main Consolidated Subsidiaries – Amusement business 1
Trade name : ADORES, Inc. (JASDAQ code 4712) Representative : Nobuyoshi Fujisawa, Chairman; Kei Saito, presidentMain office location : 1-7-12 Toranomon, Minato-Ku, Tokyo D t t bli h d F b 11 1964 (i ti )Date established : February 11, 1964 (inception)
December 25, 1967 (established)Business description : Amusement business (planning, development, operation of amusement facilities)
Planning, production & sale of giveaway for amusement facilitySale & purchase of real estates, renovation of used houses; design, construction & sale of
i l f ili i
Adores websiteAdores website
commercial facilities;Asset solution/leasing; Estate agent & Consulting
Registration : Building Lots and Buildings Transaction Business License No.(3)79136 issuedby governor of TokyoAct on Control and Improvement of Amusement Businesses, No.8
Affiliated organization : Japan Amusement Machine Association; All Nippon Amusement Machine Operator’s Union Accounting period : MarchAmount of capital : 4,405 million yen Principal shareholder J Trust Co., Ltd. (42.91%), others
Unit: Millions of yenP/L (cumulative)
TopicsMarch 2013 A Share Exchange was conducted to turn Adores into a wholly
owning parent company and Keynote/Break into wholly owned subsidiaries.
Dec 12 Dec 13 YOY
Operating revenue 9,560 13,043 3,482Operating income 38 949 910
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24
June 2013 ※ The count numbers in Dec 2012 are those after 2Q of Fiscal 2013 when Adores was included in the scope of PL consolidation.
Business restructuring was conducted for organizational efficiency. ・construction business was abolished at Adores. Instead Keynote succeeded the business.
Overview of Achievements of Main Consolidated Subsidiaries – Amusement business 2
Trade name : BREAK CO LTD
Break HPBreak HP
Trade name : BREAK CO.,LTD.Representative : Takanori Nezu, presidentMain office location : 1-7-12 Toranomon, Minato-Ku, TokyoDate established : February 1, 2007Business description : Planning/manufacturing/sales of various merchandise for usep g g
in amusement machines; Operation/consulting of amusement facilities, etc.
Accounting period : MarchAmount of capital : 75 million yenP i i l h h ld Ad I 100%
Unit: Millions of YenP/L (cumulative)
Principal shareholder : Adores, Inc. 100% (42.91% owned by J Trust Co., Ltd.)
Dec 12 Dec 13 YOY
Operating revenue 1,463 2,179 716Operating income 49 128 79
( )
A Share Exchange was conducted to turn Adores into a wholly owning parent company and Keynote/Break into wholly owned subsidiaries.
Topics
March 2013
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25
subsidiaries.
※ The count numbers in Dec 2012 are those after 2Q of Fiscal 2013 when Break was included in the scope of PL consolidation.
Overview of Achievements of Main Consolidated Subsidiaries – Overseas business 1
Trade name : Chinae Savings Bank Co., Ltd.Representative : Yoon Byeng muk, presidentMain office location : Donghoon Tower 4 & 5F, 317 Teheran-ro,
Gangnam gu Seoul Special CityGangnam-gu, Seoul Special CityDate established : August 13, 2012Registration : Registration of business 120-87-86754Affiliated organization : Korea Federation of Savings BanksBusiness description : Savings bank business
Chinae Savings Bank HPChinae Savings Bank HP
Dec 2012 Dec 2013 YOY
Operating revenue 1 7,255 7,253
Accounting period : JuneAmount of capital : 68.9 billion Korean Won (as of Jan 10, 2014)Principal shareholder : KC Card Co., Ltd. 100%
(98.54% of KC Card is owned by J Trust Co., Ltd.)
Unit : Millions of YenP/L (cumulative)
Operating income ▲12 ▲2,193 ▲2,181
※ Adjustments necessary for consolidation to material transactions of Oct – Dec were made on financial statements in Sep.
Topics※1 Won ≒0.06934 Yen: Financial statements in Dec 2012 (no adjustment);
1Won ≒0.08642 Yen: Financial statements in Dec 2013.Acquired assets and liabilities from Mirae Savings Bank and opened for business.Acquired loans receivable from Solomon Savings Bank ; approx. 373.0 billion won (approx. 29.9 billion yen, 1won= approx.0.0802yen)A i d l i bl f HK S i B k
October 2012
January 2013
J 2013This Symbol represents
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26
Acquired loans receivable from HK Savings Bank ; approx. 173.5 billion won (approx. 15.3 billion yen, 1won = approx. 0.0883 yen)
June 2013 Savings bank that warms your heartOut motto ‘heartwarming customer service’ and ‘customer satisfaction means our pleasure‘ are put into it.
Overview of Achievements of Main Consolidated Subsidiaries – Overseas business 2
Trade name : NEOLINE CREDIT Co., Ltd.Representative : Takashi Watanabe Main office location : 890-16 Daechi-dong Gannam-gu Seoul Neoline Credit websiteNeoline Credit websiteMain office location : 890 16 Daechi dong Gannam gu, SeoulDate established : October 26, 2009Business description : Consumer finance businessRegistration : Registration of Loans Business
Registration of Online Sales Business
Neoline Credit websiteNeoline Credit website
Registration of Foreign Investment EnterpriseAffiliated organization : Consumer Loan Finance Association A00134Accounting period : SeptemberAmount of capital : 13 billion wonPrincipal shareholder : J Trust Co Ltd 100% Dec 12 Dec 13 YOY
P/L (cumulative) Unit: Millions of Yen
Principal shareholder : J Trust Co., Ltd. 100% Dec 12 Dec 13 YOY
Operating revenue 1,242 660 ▲581Operating income 340 161 ▲178
※ 1 won ≒0.07134 yen (Dec 12)1 ≒0 09025 (D 13)
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27
1 won ≒0.09025 yen (Dec 13)
Overview of Achievements of Main Consolidated Subsidiaries – Overseas business 3
: J TRUST ASIA PTE. LTD.N b hi F ji id t
Trade name: Nobuyoshi Fujisawa, president: 20 COLLYER QUAY #18-01 SINGAPORE, 049319
October 7, 2013
RepresentativeMain office location
Date established: Investment business & management support service
business: March: 125 million Singapore Dollar
Business description
Fiscal year endAmount of capital
J Trust Asia websiteJ Trust Asia website
: J Trust Co., Ltd. 100%Principal shareholder
Topics
December 2013 Acquired shares of Bank Mayapada, a major commercial banks in Indonesia and concluded a business tie-up agreement with the Bank.
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28
Overview of Achievements of Main Consolidated Subsidiaries – Other business 1
Trade Name : J Trust System Co., Ltd. Representative : Takashi Ieda, presidentMain office location : 1-7-12 Toranomon Minato-ku, TokyoDate established : May 27, 2009Business description : Computing Services Agency involved in
corporate management operations and management training using computers / computer operations and management services on contract / commissioned development and operational
J Trust System websiteJ Trust System website
training of computer softwareFiscal year end : MarchAmount of capital : 80 Million YenPrincipal shareholder : J Trust Co., Ltd. 100% Unit: Millions of YenP/L (cumulative)
Dec 12 Dec 13 YOY
Operating revenue 736 602 ▲134
Operating income 37 ▲67 ▲104
( )
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Operating income 37 ▲67 ▲104
29
Overview of Achievements of Main Consolidated Subsidiaries – Other Business 2
Trade name : AAD Co., Ltd. ,Representative : Eiji SakamotoMain office location : NS Building 3F, 2-16-4 Higashi-NIhonbashi
Chuo-ku, TokyoDate established : July 1, 1957
AAD websiteAAD website
Business description : Advertising Agent involved in commissioned advertising / event planning, production, and operation / website planningand production / sales of smartphones ・iPhone ・iPad / planning and production of application software, etc. / commercial printing of catalogs and posters planning and production / CF・PV Shooting and editing / DVD・CD Digital Signage planning, production, and operation / businessmanagement consulting
Fiscal year end : MarchAmount of capital : 30 Million Yen
Unit: Millions of Yen
Dec 2012 Dec 2013 YOY
P/L (cumulative)p
Principal shareholder : J Trust Co., Ltd. 100%Accreditation : Forest Certification (FSC® C092617)
ISO27001 Accreditation (IS 98440)
Dec 2012 Dec 2013 YOY
Operating revenue 506 615 109Operating income 42 24 ▲17
※ The count numbers in Dec 2012 are those after 2Q of Fiscal
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30
※ The count numbers in Dec 2012 are those after 2Q of Fiscal2013 when Break was included in the scope of PL consolidation.
Treatment of This Material
This material was issued with the aim of providing information to facilitate greater understanding of J Trust. It is not intended for use in soliciting investments in the securities issued by the Company.
➢
While this material has been drawn up carefully with an eye on accuracy, its complete integrity is not guaranteed. J Trust bears no responsibility for any damages or impediments that may arise as a result of the forecasts and/or information presented in this material.
➢
The information published in this material, including opinions and forecasts, is based on assessments made by the Company at the time of creation of this material, and therefore necessarily includes potential risks and/or uncertainties. As such, please be aware that actual results may differ from the forecasts provided in this material as a result of various factors, such as changes in the operating environment.
➢
This material is an English translation of the original Japanese document, prepared solely for the convenience of and reference by overseas investors. If there exist any discrepancies between the original Japanese language and English translation, the Japanese language will always prevail. The issuer shall not be liable for this translation or any loss or damage arising from this translation
➢
any loss or damage arising from this translation.
【For any inquiries on this material and other IR matters】
J T t C LtdJ Trust Co., Ltd.Public Relations and Investor Relations Department
TEL (03) 4330-9100URL:http://www.jt-corp.co.jp/
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31