NEC Capital : Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 687KB (2022/04/26)
April 28, 2022 at 04:05 am EDT
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Consolidated Financial Results for the Fiscal Year Ended March 31, 2022
Corporate name:
Stock exchange listings: Stock code:
Website (URL): Representative's name and title: Contact:
NEC Capital Solutions Limited
Tokyo Stock Exchange, Prime Market 8793https://www.necap.co.jp/english/
Tomoo Imazeki, President
Seiichiro Kodama, Department Manager of IR & PR Department TEL +81(0)3-6720-8400
April 26, 2022
(Amounts are rounded down to the nearest million yen)
1. Consolidated Financial Results for the fiscal year ended March 31, 2022 (From April 1, 2021 to March 31, 2022)
(1) Consolidated Business Results
(Percentage shows increase/decrease from previous term)
Revenues
Operating Income
Ordinary Income
Profit attributable to owners of parent
Fiscal year ended March 31, 2022 Fiscal year ended March 31, 2021
Million Yen
%
249,907 12.9
221,255 0.2
Million Yen
%
10,447 75.1
5,965 (28.1)
Million Yen
%
11,422 87.6
6,089 (33.0)
Million Yen
%
6,939 68.5
4,118 (19.5)
(Note) Comprehensive income:
FY2021: 11,172 Million Yen FY2020: 3,961 Million Yen
182.0% (43.0%)
Net Income per Share: Basic
Net Income per Share: Diluted
Ratio of Net
Income to Shareholders'
Equity
Ratio of Ordinary Income to Total
Assets
Ratio of Operating Income to Net Sales
Fiscal year ended March 31, 2022 Fiscal year ended March 31, 2021
Yen
322.37 191.29
Yen
－ －
%
7.0
4.4
%
1.1
0.6
%
4.2
2.7
(Reference)
Equity in earnings of affiliated companies:
FY2021: (8) Million Yen FY2020: 10 Million Yen
(2) Consolidated Financial Position
Total Assets
Net Assets
Equity Ratio
Net Assets per share
As of March 31, 2022
As of March 31, 2021
Million Yen
1,030,617 1,057,653
Million Yen
121,740 113,885
%
10.0
9.0
Yen
4,794.13 4,438.33
(Reference)
Shareholders' Equity:
March 31, 2022: 103,214 Million Yen March 31, 2021: 95,569 Million Yen
(3) Consolidated Cash Flows
Cash Flows From Operating Activities
Cash Flows From Investing Activities
Cash Flows From Financing Activities
Cash and Cash Equivalents at the end of the year
Fiscal year ended March 31, 2022 Fiscal year ended March 31, 2021
Million Yen 46,815
(28,770)
Million Yen
(501)
(6,699)
Million Yen
(46,932)
30,956
Million Yen 37,467 38,828
2. Dividends Status
Annual Dividends
Total Dividends
Paid
Dividend Payout Ratio
Dividend on Net Assets Ratio
1st quarter-end
2nd quarter-end
3rd quarter-end
Fiscal year-end
Total
Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022
Yen － －
Yen
30.00 32.00
Yen － －
Yen
30.00 42.00
Yen
60.00 74.00
Million Yen
1,291 1,593
%
31.4
23.0
%
1.4
1.6
Fiscal year ending March 31, 2023 (Forecasts)
－
37.00
－
37.00
74.00
24.5
3. Forecasts for the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023)
(Percentage shows increase/decrease from previous term）
Revenues
Operating Income
Ordinary Income
Profit attributable to owners of parent
Net Income per Share: Basic
Fiscal year ending March 31, 2023
Million Yen
%
250,000
0.0
Million Yen
%
11,000
5.3
Million Yen
%
10,000
(3.7)
Million Yen
%
6,500
(6.3)
Yen
301.91
4. Other
(1) Changes in significant consolidated subsidiaries: Yes
New : 2 companies (NVC No.1 Limited Liability Partnership, etc.)
(2) Changes in accounting policies, accounting estimates or restatements
1) Changes in accounting policies accompanying revision of accounting standards: Yes
2) Any other changes, except those mentioned in 1) above: No
3) Changes in accounting estimates: No
4) Restatements: No
(3) Number of shares issued (common stock)
1) Outstanding shares at the end of the year (including treasury shares)
Fiscal year ended March 31, 2022: 21,533,400 shares
Fiscal year ended March 31, 2021: 21,533,400 shares
2) Number of treasury shares at the end of the year
Fiscal year ended March 31, 2022: 4,156 shares Fiscal year ended March 31, 2021: 541 shares
3) Average numbers of shares during the year
Fiscal year ended March 31, 2021: 21,526,911 shares Fiscal year ended March 31, 2021: 21,532,884 shares
This Consolidated Financial Results Report for the fiscal year is out of scope of the audit procedures based on the Financial Instruments and Exchange Act of Japan.
Forecasts are based on the information available to management at the time they were made. Actual results may differ materially from forecasts for a number of reasons.
Consolidated Financial Report
(1) Consolidated Balance Sheets
(Unit: Million Yen)
Term
Items
As of March 31, 2021
As of March 31, 2022
（Assets）
I. Current assets
1. Cash on hand and in banks
2. Accounts receivable, installment sales
3. Leases receivables and investment in leases
4. Accounts receivable, leases
5. Accounts receivable, loans
6. Purchased receivables
7. Operational investment securities
8. Real estate for sale
9. Prepaid expenses
10. Income taxes receivable
11. Other
12. Allowance for doubtful accounts
Total current assets
II. Fixed assets
(1) Property and equipment, net
(A) Leased assets
1. Leased assets
(B) Other operating assets
1. Other operating assets
(C) Assets held for own use
1. Buildings
39,032
31,128
529,971
24,671
234,141
7,613
23,465
23,230
1,951
176
16,987
(8,008)
38,711
35,341
529,610
20,680
217,254
8,010
21,183
25,222
2,576
370
11,181
(10,159)
924,361
898,983
60,951
5,147
296
55,253
5,502
240
2. Furniture and fixtures
191 14 97
148 2 70
3. Construction in progress
4. Other
Total assets held for own use
Total Property and equipment, net (2) Intangible assets
(A) Computer programs leased to customers
1. Leased assets
(B) Other intangible assets
1. Software
2. Software in progress
3. Goodwill
4. Other
Total other intangible assets Total Intangible assets
600
460
66,699
61,216
1,216 1,617 254 1,726 198
1,302 1,397 1,158 1,625 384
3,796
4,565
5,013
5,868
(Unit: Million Yen)
Term
Items
As of March 31, 2021
As of March 31, 2022
(3) Investments and other assets
1. Investment securities
2. Claims provable in bankruptcy, claims provable in rehabilitation and other
3. Long-term prepaid expenses
4. Net defined benefit asset
5. Deferred tax assets
6. Other
7. Allowance for doubtful accounts
Total investments and other assets Total fixed assets
Total assets
46,806
3,825
1,780
332
9,912
1,887
(2,964)
48,921
1,856
1,663
365
11,480
2,071
(1,809)
61,579
64,549
133,292
131,633
1,057,653
1,030,617
(Unit: Million Yen)
Term
Items
As of March 31, 2021
As of March 31, 2022
（Liabilities）
I. Current liabilities
1. Notes payable, trade
2. Accounts payable, trade
3. Short-term borrowings
4. Current portion of long-term debt
5. Current portion of bonds
6. Commercial paper
7. Payable under securitized lease receivables due within a year
8. Accounts payable, other
9. Accrued expenses
10. Accrued income taxes
11. Advances received, lease
12. Deposits received
13. Unearned revenue
14. Allowance for bonuses
15. Other
Total current liabilities
II. Long-term liabilities
1. Bonds
2. Long-term debt
3. Payable under securitized lease receivables
4. Net defined benefit liability
5. Other
Total long-term liabilities
Total liabilities
(Net assets)
I. Shareholders' equity
1. Common stock
2. Capital surplus
3. Retained earnings
4. Treasury stock, at cost
Total shareholders' equity
II. Accumulated other comprehensive income
1. Net unrealized gains on marketable securities
2. Deferred losses on hedging derivatives
3. Foreign currency translation adjustments
4. Remeasurements of defined benefit plans
Total accumulated other comprehensive income
III. Non-controlling interests
Total net assets
Total liabilities and net assets
563
21,008
41,460
101,896
20,000
250,000
2,694
639
5,670
4,724
11,722
3,971
197
618
3,026
855
12,121
24,581
171,662
30,000
216,000
2,384
1,238
5,834
267
26,310
2,203
203
948
3,315
468,192
497,925
80,000
380,085
4,208
2,049
9,232
80,150
313,665
3,985
2,076
11,073
475,576
410,951
943,768
908,876
3,776 4,645 86,811
(0)
3,776 4,645 92,414
(9)
95,232
100,827
517 (263) (51) 133
1,383 101 915 (13)
337
2,386
18,315
18,526
113,885
121,740
1,057,653
1,030,617
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NEC Capital Solutions Limited published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 08:04:08 UTC.
NEC Capital Solutions Ltd is a Japan-based company mainly engaged in the provision of finance services such as leasing, installments, and corporate loans to government offices, local governments and large and small companies. It operates through four business segments. Leasing and Installment segment is engaged in the leasing and installment sale of information processing equipment, communications equipment, office equipment, as well as industrial, civil engineering and construction machinery. Finance segment is engaged in money lending, factoring and securities investment business. Lisa segment is engaged in principal investment business, debt investments, real estate business, as well as provision of finance and advisory services. The Others segment is engaged in sale of secondhand products, collection of transaction fees, health care related business, as well as solar power generation and distribution business. It is also engaged in the operation of hotels and consulting business.
NEC CAPITAL SOLUTIONS LIMITED 
