Major commitments made in the fiscal year ended March 2014 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 4 FY ended March 2014 － Major commitments － Aiming for further business growth, “ Rights Offering” In July 2013, the company raised approx 97.6 Billion yen to secure cash reserve and enhance equity capital 1.9x ・No. of outstanding shares ＝ 62,753,624 ⇒ 117,976,462 ・No. of shareholders holding share units＝ 7,097 ⇒ 18,222 2.6x Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 5 FY ended March 2014 － Major commitments － Entering into new areas expecting synergetic effects with the Group’s businesses In October 2013, J Trust Asia PTE. LTD. was founded in Singapore ・Invested 9.8 billion yen out of the fund raised in founding capital of J Trust Asia ・Dec 2013: Acquired 10% of Bank Mayapada International Tbk PT shares (Approx 4.7 Billion yen ) ・Concluded partnership agreement on credit card and consumer finance businesses with the bank Ｊ Trust Asia Bank Mayapada International Tbk PT Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 6 FY ended March 2014 － Major commitments － Enhancement of financial base Refunded 22.1 Billion yen loan, etc. to the Resolution and Collection Corporation (RCC) ・ Among 22.1 Billion yen, 14.5 Billion yen was newly raised capital ・ Aimed at alleviating financial burden of loan interest and increasing equity capital 430 14 10 Mar 2011 2011年3月 Mar2012 2012年3月 400 9 219 Down 5 Unit:100 mm yen Mar 2013 2013年3月 ※ Down 160 Mar 2014 2014年3月 Mar 2011 2011年3月 Mar2012 2012年3月 Mar 2013 2013年3月 Mar 2014 2014年3月 Interest –bearing debt: Debt and corporate bonds of KJI and HICAPITAL that were acquired at the end of March 2014 are not included. Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 7 FY ended March 2014 － Major commitments － Mar 2014 Acquired South Korean consumer financing companies Acquired shares of HICAPITAL /KJI Consumer Finance ・Combined loan balance of these 2 companies and Neoline Credit ranks No. 4 in South Korean consumer loan industry ※ １won＝0.0957yen Rank ※ Company name Loan Balance (100mm won) Loan Balance (100mm yen) 1 A&P FINANCIAL Co.,Ltd. 14,774 1,413 2 Sanwa Finance Co., Ltd. 12,099 1,157 3 Welcome Creditline Corporation 4,805 459 4 KJI Consumer Finance /HICAPITAL/ Neoline Credit 4,378 419 5 The LEADCORP, Inc. 3,375 322 6 Baro Credit Co., Ltd. 3,061 292 7 Green Credit & Finance Co., Ltd. 2,717 260 8 Taegang Corporation 2,477 237 9 Miz Sarang Co.,Ltd. 1,748 167 10 Joy Credit Co., Ltd. 1,647 157 Source：Regular audit material of South Korean Diet. Data for KJI/HICAPITAL/ Neoline Credit is as of March 2014 and the data for others are as of December 2012. Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 8 FY ended March 2014 － Major commitments － How to use 97.6 Billion yen raised Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 9 FY ended March 2014 － Major commitments － Asset expansion of South Korea-based Chinae Savings Bank Assumed consumer credit loan receivables of 15.3 Billion yen from HK Savings Bank in June 2013 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 10 FY ended March 2014 － Major commitments － Expansion of credit guarantee business partner network and new product lineup Business tie-up with Tomato Bank (Okayama Prefecture) in August Business tie-up with Seikyo Shinkumi (Osaka Prefecture) in March Start rental housing loan guarantee business under the partnership with The Saikyo Bank Ltd. (Yamaguchi Prefecture) in March Unit：100mm yen Debt guarantee 331 balance Tomato bank 408 220 Seikyo Shinkumi 75 96 UP Mar 20102011年3月 Mar 2011 2012年3月 Mar2012 2013年3月 Mar 2013 Mar 2014 2010年3月 2014年3月 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 11 Overview of consolidated financial results for the fiscal year ended March 2014 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 12 FY ended March 2014 － Overview of consolidated financial results － Change of consolidated financial statements preparation method ① Changed account closing month of some subsidiaries to get their accounting period aligned with J Trust’s ・Chinae Savings Bank From December to March Incorporated into ・Nihon Hoshou From February to March this consolidated Chinae Saving Bank’s accounting period ended March financial settlement 2014 was 15 months That of Nihon Hoshou was 13 months Dec 2013 Mar Jun Sep Dec 2014Mar Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 13 FY ended March 2014 － Overview of consolidated financial results － Change of consolidated financial statements preparation method ② Chinae Savings Bank has adopted a new method of posting allowances for doubtful accounts ・Allowance for doubtful accounts is posted as concerned receivable’s past loan loss ratio data is accumulated enough for the calculation Allowance for doubtful accounts balance 113.4 Billion won 10.8 Billion yen Before-change Impact of the changing method of loan loss estimation 41.2 Billion won 3.9 Billion yen After-change 72.1 Bill won 6.9 Bill yen Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 14 FY ended March 2014 － Earnings highlights － Ｐｏｉｎｔ 137 Mar 2013 period Mar 2014 period 619 556 Operating revenue 営業収益 137 133 120 Operating Income 営業利益 Ordinary income 経常利益 Unit:100mm yen 133 111 当期純利益 Net Income Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 15 FY ended March 2014 － Factors for change in operating revenue Ｐｏｉｎｔ Unit:100 mm yen 700 600 500 400 556 17 24 42 300 200 100 12 134 0 Mar 2013 2013年3月期 619 6 6 7 111 31 Interest on loans/ 貸付金利息・割賦立替金手数料 Installment payment paying for commission Guarantee commission received 保証料収入 23 30 49 Collection from purchased receivables 買取債権回収高 Sales on real estate business 不動産事業売上高 Gain on bad debts recovered /other financial 償却債権取立益・その他の金融収益 123 revenue Operating revenue of banking business 銀行業における営業収益 Other operating revenue (design. construction, etc.) その他の営業収益（設計・施工等） 165 ｱﾐｭｰｽﾞﾒﾝﾄ事業売上高 Sales on amusement business Mar2014 2014年3月期 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 16 FY ended March 2014 － Factors for change in operating revenue Ｐｏｉｎｔ 700 619 Unit :100 mm yen 600 556 500 400 Guarantee commission 保証料収入・買取債権回収高・不 received/Collection from purchased 動産事業売上高 receivables/sales on real estate business 銀行業における営業収益・その他 Operating revenue of banking の営業収益 business/ other operating revenue ｱﾐｭｰｽﾞﾒﾝﾄ事業売上高 Sales on amusement business Gain on bad debts recovered 償却債権取立益 △ 15 300 Other financial revenue その他の金融収益 △38 200 割賦立替手数料 Installment payment paying for commission △26 100 △21 0 2013年3月期 Mar 2013 貸付金利息 Interest on loans 2014年3月期 Mar 2014 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 17 FY ended March 2014 － Factors for change in operating gross profit Ｐｏｉｎｔ Operating gross profit 35.5 Bill yen Operating gross profit 34.8 Bill yen Amusement business Sales cost Down 2.1 Bill yen Incremental operating revenue Operating costs for banking business 6.3 Bill yen Other Operating costs Up 300 Mill yen Down 3.8 Bill yen Operating revenue Up 6.3 Bill yen FY ended Mar 2013 Operating costs Down 5.6 Bill yen FY ended March 2014 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 18 FY ended March 2014 － Factors for change in operating income Ｐｏｉｎｔ Operating income 12 Bill yen Personnel expenses Other expenses including commission fee of Down 2.5 Bill yen Chinae Savings Bank, etc. Incremental operating gross profit Up 700 Mill yen Operating income 13.7 Bill yen Down 2.6 Bill yen Loan loss related Up 6.1 Bill yen Operating gross profit Up 700 Mill yen FY ended Mar 2013 SGA Up 1.0 Bill yen FY ended Mar 2014 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 19 FY ended Mar 2014 － Factors for change in ordinary income － Ｐｏｉｎｔ Unit:100 mm yen FY ended Mar13 FY ended Difference Mar 14 120 137 17 Dividend income 9 2 Down 7 Foreign exchange gains Other 5 5 2 6 Down 3 Operating income Non-operating income Stock issuance cost Other Non-operating expenses Ordinary income 19 0 2 2 137 1 10 Down 9 11 3 11 1 14 Down12 133 Down 4 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 20 FY ended Mar 2014 － Factors for changes in net income － Ｐｏｉｎｔ Unit :100 mm yen FY ended Mar 13 Ordinary income Gain on sales of investment securities Gain on negative goodwill Other Extraordinary income Provision for loss on litigation Other Extraordinary loss Corporate tax/ minority interests (Down） Net income FY ended Difference Mar 14 137 133 Down 4 1 3 2 4 10 5 3 7 3 6 19 13 － 5 29 6 29 1 5 35 30 5 5 0 133 111 Down 22 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 21 FY ended Mar 2014 － Breakdown of by-product balance in financial business － Ｐｏｉｎｔ Unit：100 mm yen 600 End of Mar 2013 End of Mar 2014 500 400 300 482 467 Loan of HICAPITAL : 14.2 Bill yen Loan of KJI Consumer Finance : 23.6 Bill yen 100 16 23 商業手形 Commercial notes Operating loans 営業貸付金 (Domestic /international) （国内・海外） 481 397 408 331 Purchase of account receivables from HK Savings Bank:15.3 Bill yen Account receivables sold to National Happiness Fund:2.6 Bill yen Slowdown of new customer acquisition due to limitation on sales activities （The limitation has been lifted) 182 200 0 492 銀行業における Loans by banking business 貸出金 Advances paid割賦立替金 Installment Credit 債務保証残高 guarantee balance Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 22 FY ended Mar 2014 － Breakdown of by-product balance in financial business － Ｐｏｉｎｔ Unit 100 mm yen 600 End of Mar 2013 End of Mar 2014 500 492 482 467 400 408 397 331 300 Decline due to KC Card’s asset reshuffle policy 182 200 100 16 0 481 New tie-up with Tomato bank and Seikyo Shinkumi 23 商業手形 Commercial notes Operating loans 営業貸付金 (Domestic /international) （国内・海外） 銀行業における Loans by banking business 貸出金 Advances paid割賦立替金 Installment 債務保証残高 Credit guarantee balance Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 23 FY ended March 2014 － Total asset and capital adequacy ratio － Ｐｏｉｎｔ Unit: 100mm yen 4,000 Unit; 100mm yen Current assets Noncurrent assets 3,500 2,000 3,347 3,000 2,500 1,772 1,600 Up 2,187 2,000 1,800 Equity capital 自己資本 Capital adequacy ratio 自己資本比率 2,898 1,400 1,892 Up 1,200 1,000 800 1,500 53.0% 29.1% 636 60.0% 50.0% 40.0% 30.0% 20.0% 600 1,000 400 500 0 294 448 Mar 2013 2013年3月 Mar 2014 2014年3月 10.0% 200 0 0.0% Mar 2013 2013年3月 Mar 2014 2014年3月 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 24 － Excess Interest Refund Claim Problem － FY ended March 2014 Ｐｏｉｎｔ Transition in the number of refund claims and cash-out amount Unit: No. of claims Unit: 100 mm yen 793 800 762 700 800 767 728 639 602 600 542 500 450 656 633 561 603 558 487 441 400 700 671 591 570 598 528 455 585 600 543 541 481 436 425 418 534 510 518 522 503 519 400 Ave 380mm yen 357 322 300 500 Ave 290 mm yen 300 200 200 100 100 0 0 4 5 2011 6 7 8 9 10 11 12 1 2 2012 3 4 5 6 7 8 9 10 11 12 1 2 2013 3 4 5 6 7 8 9 10 11 12 1 2 3 2014 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 25 Reason for delayed disclosure of full-year financial forecast for the fiscal year ending March 2015 Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 26 FY ending Mar 2015 Delayed disclosure of full year earnings forecast Ｐｏｉｎｔ Copyright(C)2014 JTRUST Co.,Ltd. All Rights Reserved. 27
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