Hitachi Capital Corporation announced consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenues of JPY 101,109 million compared to JPY 89,887 million a year ago. Profit before tax was JPY 12,172 million compared to JPY 11,402 million a year ago. Net income attributable to owners of the parent was JPY 9,218 million or JPY 78.87 per basic and diluted share compared to JPY 7,942 million or JPY 67.95 per basic and diluted share a year ago.

For the nine months, the company reported revenues of JPY 296,798 million compared to JPY 269,102 million a year ago. Profit before tax was JPY 36,221 million compared to JPY 34,244 million a year ago. Net income attributable to owners of the parent was JPY 26,461 million or JPY 226.39 per basic and diluted share compared to JPY 24,106 million or JPY 206.24 per basic and diluted share a year ago. Net cash used in operating activities was JPY 157,865 million compared to JPY 135,671 million a year ago. Purchase of other property, plant and equipment was JPY 6,251 million compared to JPY 3,258 million a year ago. Purchase of other intangible assets was JPY 3,616 million compared to JPY 2,929 million a year ago. ROE was 9.7% compared to 9.4% a year ago. ROA was 1.4% compared to 1.4% a year ago. Free cash outflow was JPY 172,891 million compared to JPY 165,813 million a year ago. Net cash used in operating activities primarily due to purchase of operating leased assets of JPY 142,253 million, decrease in trade and other payables of JPY 76,816 million, an increase in trade and other receivables of JPY 45,887 million, and proceeds from sale of operating leased assets of JPY 26,394 million. Interest-bearing debt as of December 31, 2017 increased JPY 281,308 million from March 31, 2017 to JPY 2,828,029 million due mainly to an increase in corporate bond.

The company provided consolidated earnings guidance for the fiscal year ending March 31, 2018. For the year, the company expects revenues of JPY 400,600 million, profit before tax of JPY 43,000 million, net income of JPY 31,800 million and net income attributable to owners of the parent of JPY 30,500 million or JPY 260.94 per basic share.