Total leasing contracts in the industry overall decreased by 9.1% Y/Y.
We need to continue to monitor future trends in the financing environment and bankruptcies.
Results in Key Business Units
Contracts executed increased Y/Y in the Leasing business as the Company implemented the GIGA School Program under contracts signed in the previous fiscal year and the effect of the consolidation of a subsidiary in North America. New transactions were down Y/Y due to the winding down of demand for the GIGA School Program, even though private sector demand was nearly in line with the previous year's level.
Loans declined in the Finance business, primarily for individual factoring, and both contracts executed and new transactions fell Y/Y.
Contracts executed :
2.7% up
New transactions : 18.7% down
Contracts executed :
6.2% down
New transactions : 6.1% down
Business Performance
Ordinary income rose significantly Y/Y due to large-scale exit projects in the Investment Business, in addition to higher gross profit in the Leasing Business. Profit attributable to owners of parent grew Y/Y.
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NEC Capital Solutions Limited published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 01:19:06 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 