Mizuho Leasing Co., Ltd.
Integrated report
2020
Challenging for Further Leap Forward & Value Creation
Sixth Mid-term Management Plan
Desired Future Image of the Mizuho Leasing Group
The Group has rolled out the Sixth Mid-term Management Plan covering a five-year period from April 2019.
Under the plan, we will continue to
Mindset of each employee
Action Guidelines
The Three Cs
Challenge
How the Group should be and
stakeholders the Group should consider
Clients | Employees | Shareholders | Society |
Management Policy
1. Respond to customers' needs and provide precise and prompt services by combining the Group's total strength.
Corporate Philosophy
We aim to be a Group which
contributes to society by offering valued financial services which lead to future prosperity.
promote business together with clients and initiatives in focus areas in response to changes in social and industrial structures that have been implemented to date. At the same time, we will offer new solutions as a business development partner for clients in widely expanded business fields in Japan and overseas through alliances with strategic business partners and take on the challenge of co - creating value with clients and expanding business overseas with new business bases.
Change
Create
2. Endeavor to further enhance the Group's reputation and credibility among shareholders and in the market.
3. Strive to create a dynamic corporate culture full of energy and vitality in which proactive, ambitious human resources are fostered and promoted.
4. Comply with the law and its spirit, and aim to be a Group which always recognizes its social responsibility and secures understanding and sympathy from society.
Vision
Value-creating company tackling challenges together with clients
Flow for realization of the vision
Promote business | Tackle new business | ||
Thorough client-oriented | domains transcending | Fulfill corporate social | |
together with clients as | |||
approach | the framework of | responsibility | |
their partner | |||
financing | |||
CONTENTS
Value Creation by the Mizuho Leasing Group
- Trajectory of the Mizuho Leasing Group
- Financial/Non-financialHighlights
- 11-yearFinancial Summary
- Mizuho Leasing Group's Value Creation Process
Growth Strategy
Strength to Support Growth
27 CSR Activities of the Mizuho Leasing Group: Toward Sustainable Growth
29 | Management Structure |
31 | Corporate Governance |
33 | Message from Outside Director |
35 | Compliance and Risk Management |
Editorial Policy
This report contains the Mizuho Leasing Group's financial information as well as non- financial information including management strategies, environment, social and corporate governance (ESG) to help stakeholders have a better understanding of the Group's business activities. When we edited this Report, we referred to certain guidelines including "International Framework" issued by the International Integrated Reporting Council (IIRC), and explained the Group's value-creating activities over the medium to long-term in an easy-to-understand and simple manner.Composition of communication tools
Reporting Period
From April 2019 to March 2020 (including some activities that occurred outside this period)
Entities Covered
This report covers the entire Mizuho Leasing Group.
Notes concerning Future Forecast
13 President's Commitment
- Sixth Mid-term Management Plan (FY2019 to FY2023)
- Topics in FY2019
21 Business Strategy under the Sixth Mid-term |
38 | Dialogue with Shareholders and Investors |
39 | Human Resource Strategy |
44 | Environmental and Social Activities |
Consolidated Financial Data and
Overview
Website: www.mizuho-ls.co.jp
Integrated Report (Japanese and English)
This report contains management policies and future business performance based on the information on hand at the time of the preparation of this report. These statements may contain
Management Plan |
- Examples of Co-creation of Value with Clients
- Reinforcement of Management Base
- Funding Policies
Corporate Information
46 Analyses on Business Conditions and Results of Operations
- Business Risks and Other Risks
- Consolidated Financial Statements
- Corporate Information
- Stock Information
Report for Shareholders | Report on Corporate | ||||
(Japanese and English) | Governance | ||||
Securities | Financial Results | CSR Activities | |||
Details | Report | (Japanese and English) | (Website) | ||
Financial information | Non-financial information |
certain risks and uncertainties, and as such do not guarantee that such policies and performance will be achieved. Please be advised that any predictions for the future made in this report may differ significantly from the actual results due to various factors.
01 | 02 |
Trajectory of the Mizuho Leasing Group
The Mizuho Leasing Group has developed its operations primarily in leasing and installment sales̶the financing of physical items. In addition to financing related to capital expenditure, including industrial and factory equipment, information and communication equipment and medical equipment, we are expanding the scope of our business activities through initiatives in businesses to involve in commercial distributions and a broad range of financial sectors and through M&A activities, as we proactively engage in business in Japan and overseas.
Net Income Attributable to Owners of the Parent (Millions of yen)
Operating Assets (Billions of yen)
*The graph shows results from FY2004 onwards after the Company's listing.
1,211.3
1,092.2 | |||||
953.7 | 1,031.2 | 985.0 | 928.6 | ||
935.2 | |||||
2006 | |||||
813.5 | |||||
2005 | Acquires shares of Dai-ichi Leasing Co., Ltd. | ||||
Designated an issue on the | 9,025 | |||||||
First Section of the Tokyo | 8,984 | |||||||
2004 | Stock Exchange. | |||||||
7,981 | 7,799 | |||||||
Shares listed on the Second | 7,019 | |||||||
Section of the Tokyo Stock | ||||||||
Exchange. | ||||||||
5,591 | ||||||||
4,296 | ||||||||
3,348 | ||||||||
2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 |
Value Creation by the Mizuho Leasing Group | Growth Strategy | Strength to Support Growth | Consolidated Financial Data and Corporate Information |
2,090.3
2,021.4 | |||
1,683.0 | |||
1,581.0 | 1,608.7 | ||
17,512 | |||
1,432.3 | |||
16,594 | |||
1,343.0 | |||
1,263.1 | |||
2012 | 13,643 | ||
Acquires shares in Mizuho-Toshiba |
Leasing Company, Limited. | 12,414 | ||||||||||||
8,920 | 10,531 | 11,144 | 11,609 | ||||||||||
2012 2013 2014 2015 2016 2017 20182019
The Group's Contributions to Society
Sustained growth of companies, industries & technologies
1969 Mizuho Leasing Company is established as a general leasing company under an initiative by The Industrial Bank of Japan, Ltd. (now Mizuho Bank, Ltd.), with the participation of major companies representing Japanese industries.
Establishment of social infrastructure
1972 Begins vendor leases of construction equipment as a pioneer in that field.
1993 Establishes a subsidiary specialized in real estate leasing.
Globalization/improvement in | Health & welfare | Climate change, environmental |
mobility | load reduction | |
Begins leasing business in Thailand in 1 9 9 2, | 2000 Business department specializing in medi- | 2012 Business department specializing in en- |
the Philippines in 1 9 9 8, China in 2 0 0 8, and | cal and welfare services is established. | vironmental business promotion is established. |
Indonesia in 2010. Participates in aircraft op- | ||
erating lease business in 2016. |
03 | 04 |
Value Creation by the Mizuho Leasing Group | Growth Strategy | Strength to Support Growth | Consolidated Financial Data and Corporate Information |
Trajectory of the Mizuho Leasing Group
Net Income Attributable to
Owners of the Parent
30,000
March 2019
Enters into capital and business alliance with Mizuho Bank, Ltd., and alliance in leasing and financing business with Marubeni Corporation.
- Becomes an equity-method affiliate of the Mizuho Financial Group, Inc.
- Acquires shares of Mizuho Marubeni Leasing Corporation, beginning joint management with Marubeni Corporation.
October 2019 | |
Company name is changed from IBJ Leasing Co., Ltd. to Mizuho Leasing | |
Co., Ltd. | |
March 2020 | |
Acquires equity interests of PLM Fleet, LLC, the largest U.S. frozen/ | |
refrigerated trailer leasing and rental company, and of Aircastle Limited, | |
a major U.S. aircraft leasing company, launching joint management of | |
overseas asset financing business with Marubeni Corporation. | |
April 2020 | |
17,512 | Acquires shares of RICOH LEASING COMPANY, LTD., launching business |
alliance with Ricoh Company, Ltd. and RICOH LEASING COMPANY, LTD. |
Enhancing overseas asset financing business
Alliance with Mizuho
Corporate value
Expanding client base of mid-sized
& smaller companies
(Millions of yen)
The Group's Accumulated Strengths
High expertise and | Strong relationship with | Well-balanced portfolio | Strong fundraising base | |||
extensive know-how | large and mid-sized | |||||
to solve clients' issues | corporate clients | |||||
2018 | 2019 | 2023(Target) |
05 | 06 |
Financial/Non-financial Highlights
Value Creation by the Mizuho Leasing Group | Growth Strategy |
Strength to Support Growth | Consolidated Financial Data and Corporate Information |
The Mizuho Leasing Group comprises Mizuho Leasing, 31 consolidated subsidiaries and six equity-method affiliates (as of March 31, 2020). Centered on this structure, we provide wide-ranging financial and business services, including leasing, installment sales and loans in Japan and overseas by utilizing our understanding of equipment and extensive financial expertise.
Leasing and Installment Sales FY2019 Gross profit ¥34.2 billion
Financing and Other | FY2019 Gross profit ¥16.4 billion |
Leasing and | Financing |
Installment Sales | 30% |
68% | |
FY2019 | |
Gross profit | |
¥50.5 Billion | |
Other | |
2% |
Number of employees
- Male ■ Female
(Non-consolidated/persons) | |||||
800 | |||||
700 | 661 | 687 | |||
621 | |||||
600 | 573 | 594 | |||
253 | |||||
245 | |||||
500 | 201 | 217 | |||
184 | |||||
400 | |||||
300 | |||||
200 | 389 | 393 | 404 | 416 | 434 |
100 | |||||
0 | 2015 | 2016 | 2017 | 2018 | 2019 |
Balance in the global area
¥142.5 billion ¥234.8 billion
2018 | 2019 |
Net income attributable to owners of the parent | Operating assets | Number of women in managerial posts |
(Billions of yen) | (Billions of yen) | (Non-consolidated/persons) | |||||||||||||||
20 | 17.5 | 2,500 | 12 | ||||||||||||||
16.6 | 2,021.4 2,090.3 | 10 | |||||||||||||||
2,000 | 10 | ||||||||||||||||
15 | 13.6 | ||||||||||||||||
1,581.0 1,608.7 1,683.0 | |||||||||||||||||
11.6 | 12.4 | 8 | |||||||||||||||
1,500 | |||||||||||||||||
10 | 6 | ||||||||||||||||
1,000 | |||||||||||||||||
4 | 3 | ||||||||||||||||
5 | 2 | 2 | |||||||||||||||
500 | |||||||||||||||||
2 | 1 | ||||||||||||||||
0 | 2015 | 2016 | 2017 | 2018 | 2019 | 0 | 2015 | 2016 | 2017 | 2018 | 2019 | 0 | 2015 | 2016 | 2017 | 2018 | 2019 |
Reuse rate* (FY2019)
72%
- Reuse rate: Number of equipment sold ÷ Number of equipment for which the lease term or re-lease term has expired
Annual dividend per share/dividend payout ratio | ROE | Number of employees who took childcare leave | Composition of the Board of Directors | ||
■ Annual dividend per share | Dividend payout ratio (%) | ■ Male ■ Female | (End of June 2020) | ||
(yen) | (%) | (Non-consolidated/persons) | 11 directors | |||||||||||||||
100 | 12 | 16 | 15 | |||||||||||||||
7 outside directors, 1 female director | ||||||||||||||||||
78 | 82 | 14 | ||||||||||||||||
80 | 70 | 11 | ||||||||||||||||
12 | ||||||||||||||||||
64 | 10.3 | 8 | ||||||||||||||||
60 | 9.8 | |||||||||||||||||
60 | 10 | 10 | ||||||||||||||||
9.5 | 9.4 | 9.6 | ||||||||||||||||
22.7 | ||||||||||||||||||
22.0 | 22.0 | 21.9 | 20.1 | 8 | ||||||||||||||
6 | 6 | |||||||||||||||||
6 | ||||||||||||||||||
40 | 9 | 6 | 5 | |||||||||||||||
20 | 8 | 4 | 5 | 7 | ||||||||||||||
6 | 6 | |||||||||||||||||
5 | Outside directors | |||||||||||||||||
2 | ||||||||||||||||||
0 | 0 | 0 | 1 | Ratio of outside directors 64% | ||||||||||||||
2015 | 2016 | 2017 | 2018 | 2019 | 2015 | 2016 | 2017 | 2018 | 2019 | 2015 | 2016 | 2017 | 2018 | 2019 |
07 | 08 |
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IBJ Leasing Co. Ltd. published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 15:50:01 UTC.