Japan Securities Finance Co., Ltd. · TSE:8511
Japan Securities Finance — Investor Presentation (February 2015)
35 slides from Japan Securities Finance's investor presentation, February 2015
Slide 1: Japan Securities Finance Co., Ltd
Japan Securities Finance Co.,Ltd
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Slide 4: 22 61
22 61
Slide 5: Operating revenues by business
\ mil ( ) ratio of OR Dec-14 Dec-15 Securities Finance Bussiness 12,320 Margin Loan Business 6,575 (44.8%) Interest on Loans 2,314 Interest on collateral money of securities borrowed 440 Fees on Lending Securities 3,472 Premium Charges 2,796 Lending Fees 675 Bond Financing and General Loans Business
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Slide 11: FY2015 3Q Results (Reference)
\ mil FY 2015, 3Q Results (Reference) Shareholding FY2014 3Q Ratio Operating Recurring Net Net Income Revenues Income Income Consolidated 16,148 2,946 2,392 3,042 JSF - 13,643 2,257 1,856 1,732 JSF Trust Bank 100% 1,949 265 243 1,229 Nihon Building 100% 899 390 259 315 Equity-method Gain or Loss in
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( 925) ( 1,330) ( 1,220) 3,520 100 ( 610) ( 353) ( 319) 2,219 200 100 100 ( 970) ( 893) 1,173 +70 +70 408
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Slide 18: Operating Revenues, Expenses and Income
FY2014 FY2015 FY2010 FY2011 FY2012 FY2013 FY2014 Apr.-Dec. Apr.-Dec. Operating Revenues 22,848 20,229 17,675 19,566 14,704 20,300 16,148 Ex Premium charges 19,037 17,082 14,718 16,195 11,907 15,856 11,802 Operating Expenses 11,327 9,634 8,193 8,747 6,647 9,450 8,111 7,865 7,554 7,694 8,249 5,621 7,8
Slide 19: Operating revenues by business, multi-year
\ mil Mar-11 Mar-12 Mar-13 Mar-14 Dec-14 Mar-15 Dec-15 Securities Finance Bussiness 17,558 15,186 14,093 16,363 12,320 Margin Loan Business 8,922 6,756 6,625 9,240 6,575 (39.0%) (33.4%) (37.5%) (47.2%) (44.8%) Interest on Loans 2,809 1,783 1,760 4,012 2,314 Interest on collateral money of securities
Slide 20: ¥ mil
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Slide 22: Margin and stock loan balances
¥ tri 3.0 50% Margin Buying Balance 45% 2.5 Margin Loan Balance 40% Ratio 2.0 35% 30% 1.5 25% 20% 1.0 15% 0.5 10% 5% 0.0 0% 08 09 10 11 12 13 14 15 1.0 tri 100% Margin Selling Balance 0.9 90% Stock Loan Balance 0.8 Ratio 80% 0.7 70% 0.6 60% 0.5 50% 0.4 40% 0.3 30% 0.2 20% 0.1 10% 0.0 0% 08 09 10 11
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Slide 25: Loan rate, lending fee and interest rates
Loan Rate Lending Fee Interest Rate on Collateral Money of Stock Loan BOJ Policy Rate 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0%
Slide 26: Loan rate and lending fee history
10.0% 9.0% 8.75% Loan Rate Interest Rate on Collateral Money of Stock Loan 8.0% Lending Fee 7.0% Profit Margin 6.0% 5.00% 5.0% Sep-93 4.0% 3.75% Nov-10 Aug-14 3.0% Jan-09 2.0% May-02 1.17% 1.0% 1.04% 0.0% 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14
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Slide 28: Dec-14 Mar-15 Dec-15
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Slide 29: Loan balance
\mil Loan Loan Loan ratio ratio ratio Balance Balance Balance
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