Diversification of the earnings base through new businesses and overseas operations

「As a result, transaction volume in the overseas business segment was ¥16,858 million, up 1.4% year on year, segment operating revenue was ¥5,195 million, down 12.1%, and the segment loss was ¥13 million, compared with a loss of ¥452 million in the same period of the previous year.」

「As a result, overseas segment transaction volume was ¥60.941 billion, down 23.4% year on year, segment operating revenue was ¥21.897 billion, down 14.8%, and the segment reported a loss of ¥2.465 billion, compared with a loss of ¥3.630 billion in the same period of the previous year.」

「As a result, overseas segment transaction volume was ¥30.398 billion, down 26.5% from the same interim period of the previous year, segment operating revenue was ¥11.218 billion, down 14.6%, and the segment reported a loss of ¥721 million, compared with a loss of ¥1.698 billion in the same interim period of the previous year.」

「As a result, overseas segment transaction volume was ¥79.550 billion, down 10.9% year on year, segment operating revenue was ¥25.703 billion, down 1.2%, and the segment reported a loss of ¥3.630 billion, compared with profit of ¥192 million in the same period of the previous year.」

「As a result, overseas segment transaction volume was ¥41.374 billion, down 7.1% from the same interim period of the previous year, segment operating revenue was ¥13.137 billion, up 4.2%, and the segment reported a loss of ¥1.698 billion, compared with profit of ¥579 million in the same interim period of the previous year.」

「Overseas segment transaction volume was ¥89.245 billion, up 4.3% year on year, and segment operating revenue was ¥26.016 billion, up 15.9%. However, segment profit was ¥192 million, down 91.1%, due to increases in finance costs and credit-related expenses.」

「The overseas business was affected by the economic slowdown in Vietnam, but markets recovered in the other countries. Transaction volume increased as the company focused on expanding sales areas and developing dealer networks. As a result, overseas segment transaction volume was ¥67.330 billion, up 13.6% year on year, segment operating revenue was ¥19.334 billion, up 17.1%, and segment profit was ¥403 million, down 79.3%.」

「Transaction volume increased in Indonesia, Cambodia and the Philippines as markets recovered, new dealers were developed and sales areas expanded. As a result, overseas segment transaction volume was ¥44.547 billion, up 6.8% year on year, and segment operating revenue was ¥12.605 billion, up 18.1%.」

「In Indonesia, Cambodia and the Philippines, transaction volume and operating revenue increased as economic activity normalized further and the company focused on expanding sales areas and developing dealer networks.」

「As a result, overseas segment transaction volume was ¥85.592 billion, up 64.1% year on year, segment operating revenue was ¥22.445 billion, up 24.0%, and segment profit was ¥2.164 billion, up 271.9%.」

「As a result, overseas segment transaction volume was ¥59.281 billion, up 73.3% year on year, segment operating revenue was ¥16.513 billion, up 23.1%, and segment profit was ¥1.953 billion, up 229.4%.」

「As a result, overseas segment transaction volume was ¥41.693 billion, up 69.2% year on year, segment operating revenue was ¥10.672 billion, up 15.8%, and segment profit was ¥1.471 billion, up 149.9%.」

「In Vietnam and Indonesia, motorcycle and automobile markets gradually recovered as COVID-19 restrictions were eased and economic support measures were implemented. The company pursued various initiatives and developed its dealer network, increasing transaction volume and operating revenue.」

「In the overseas business, repeated lockdowns and tighter restrictions were imposed as COVID-19 infections resurged, creating difficult operating conditions. The company nevertheless tightened credit standards and strengthened collection of delinquent receivables, working to improve profitability.」

「As a result, overseas segment transaction volume was ¥34.215 billion, down 4.5% year on year, segment operating revenue was ¥13.413 billion, down 5.0%, and segment profit was ¥592 million, compared with a loss of ¥4.394 billion in the same period of the previous year.」

「As a result, overseas segment transaction volume was ¥24.639 billion, down 3.0% year on year, segment operating revenue was ¥9.215 billion, down 4.6%, and segment profit was ¥588 million, compared with a loss of ¥4.828 billion in the same period of the previous year.」

「As a result, overseas segment transaction volume was ¥11.999 billion, down 29.0% year on year, segment operating revenue was ¥4.564 billion, down 12.1%, and segment profit was ¥551 million, compared with a loss of ¥1.066 billion in the same period of the previous year.」

「As a result, overseas segment transaction volume was ¥43.814 billion, down 35.1% year on year, segment operating revenue was ¥18.753 billion, down 0.5%, and the segment reported a loss of ¥3.071 billion, compared with profit of ¥557 million in the same period of the previous year.」

「As a result, overseas segment transaction volume was ¥35.817 billion, down 31.9% year on year, segment operating revenue was ¥14.113 billion, up 2.1%, and the segment reported a loss of ¥4.394 billion, compared with profit of ¥591 million in the same period of the previous year.」

「As a result, overseas segment transaction volume was ¥25.388 billion, down 26.5% year on year, segment operating revenue was ¥9.659 billion, up 8.5%, and the segment reported a loss of ¥4.828 billion, compared with profit of ¥451 million in the same period of the previous year.」

「As a result, overseas segment transaction volume was ¥16.897 billion, down 5.1% year on year, segment operating revenue was ¥5.193 billion, up 18.3%, and the segment reported a loss of ¥1.066 billion, compared with profit of ¥372 million in the same period of the previous year.」

「By increasing our ownership interest in the Philippine subsidiary, we made all 4 overseas companies consolidated subsidiaries.」

「In Vietnam, transaction volume, mainly in the core motorcycle-loan business, expanded and operating revenue increased through the acquisition of new business partners and various initiatives. In Indonesia, transaction volume decreased due to revised underwriting criteria emphasizing the use of external credit information and the accumulation of high-quality receivables, as well as weak sales of new automobiles in the country, but operating revenue increased as total operating receivables grew. In the Philippines, the business became a consolidated subsidiary in July 2019, and the company is working diligently to rebuild its operating base. In Cambodia, transaction volume and operating revenue increased through the acquisition of new business partners, increased share among existing partners and various initiatives, despite intensifying competition.」

「In the Philippines, the company completed the conversion of the business into a consolidated subsidiary in July 2019 and changed its corporate name to JACCS FINANCE PHILIPPINES CORPORATION. It will work to further strengthen its operating base and expand the business. In Cambodia, transaction volume and operating revenue increased as the company strengthened efforts with business partners and developed new partners amid intensifying competition.」

「In Vietnam, transaction volume and operating revenue increased as the company expanded its dealer network for motorcycle loans and promoted various initiatives. In Indonesia, the use of an external credit information agency led the company to revise its underwriting criteria to build a portfolio of high-quality receivables. As a result, the approval rate for automobile loans declined and transaction volume decreased, but operating revenue increased as operating receivables accumulated. In Cambodia, in the second year since operations began, transaction volume increased steadily as the company further strengthened its sales structure and expanded its dealer network for motorcycle loans.」

「In Vietnam, transaction volume decreased due to intensified competition and other factors, but handling in the core motorcycle-loan business recovered during the third quarter as the company opened loan counters, implemented various initiatives and strengthened its sales structure. In Indonesia, transaction volume increased as motorcycle and automobile loans performed strongly following various initiatives. In Cambodia, the company began full-scale operations in March last year, steadily expanding its business by developing dealers for motorcycle loans and strengthening its sales structure. It will continue working diligently to establish its operating base. As a result, overseas segment transaction volume was ¥54.616 billion, up 69.4% year on year, segment operating revenue was ¥11.317 billion, up 55.8%, and segment profit was ¥712 million, up 10.2%.」

「In Cambodia, the company began full-scale operations in March this year and is steadily expanding its business, including by developing dealers handling motorcycle loans. It will continue working diligently to establish its operating base. As a result, overseas segment transaction volume was ¥34.946 billion, up 89.5% year on year, segment operating revenue was ¥7.324 billion, up 91.4%, and segment profit was ¥522 million, up 51.0%.」

「In Vietnam, the company opened new loan counters and carried out various promotions to expand the business, but transaction volume decreased as competition intensified and momentum in motorcycle loans weakened. In Indonesia, transaction volume increased and performed strongly, supported by the substantial expansion resulting from MPMF becoming a consolidated subsidiary and various promotions for motorcycles and automobiles. In Cambodia, the company began full-scale operations in March this year and is working diligently to establish its operating base, including by developing dealers handling motorcycle loans. As a result, overseas segment transaction volume was ¥16.490 billion, up 330.1% year on year, segment operating revenue was ¥3.537 billion, up 489.4%, and segment profit was ¥167 million, up 193.0%.」

「In the overseas business, transaction volume at the Vietnamese consolidated subsidiary increased, mainly in motorcycles, as a result of various initiatives. PT Mitra Pinasthika Mustika Finance in Indonesia, which became a consolidated subsidiary following the acquisition of additional shares in May last year, performed strongly in automobiles and motorcycles, increasing transaction volume. Philippine equity-method affiliate MMPC Auto Financial Services Corporation also steadily increased transaction volume through the expansion of its business partners and various promotions. In addition, in January Heisei 30, JACCS FINANCE (CAMBODIA) PLC., a wholly owned local subsidiary in Cambodia, obtained a business license and began operations in March.」

「In the overseas business, transaction volume at the Vietnamese consolidated subsidiary increased, mainly in motorcycles, as a result of various initiatives. PT Mitra Pinasthika Mustika Finance in Indonesia, which became a consolidated subsidiary following the acquisition of additional shares in May last year, performed strongly in both automobiles and motorcycles, increasing transaction volume. In addition, Philippine equity-method affiliate MMPC Auto Financial Services Corporation is expanding transaction volume through the expansion of its dealer network and various promotions.」

「In the overseas business, transaction volume at the Vietnamese consolidated subsidiary increased, mainly in motorcycles, as a result of various initiatives. In May this year, PT Mitra Pinasthika Mustika Finance in Indonesia, which became a consolidated subsidiary following the acquisition of additional shares, performed strongly, mainly in automobiles. In addition, Philippine equity-method affiliate MMPC Auto Financial Services Corporation is steadily expanding its business through measures including the expansion of its dealer network.」

「In the overseas business, the Vietnamese consolidated subsidiary steadily expanded its handling of motorcycle loans and other products through various initiatives, resulting in higher transaction volume. Indonesian finance company PT Mitra Pinasthika Mustika Finance performed strongly, mainly in motorcycle and automobile loans. In May this year, the company acquired additional shares in the finance company, making it a consolidated subsidiary. In addition, Philippine equity-method affiliate MMPC Auto Financial Services Corporation began full-scale operations in September last year as a finance company specializing in Mitsubishi vehicles and is steadily expanding its business.」

「In the overseas business, transaction volume increased as the Vietnamese consolidated subsidiary expanded the sales area for motorcycle loans and strengthened its sales structure for purpose-based loans targeting prime customers. In Indonesia, finance company PT Mitra Pinasthika Mustika Finance, an equity-method affiliate, benefited from an economy showing signs of recovery, strengthened collaboration with its group company, which sells motorcycles and automobiles, and increased transaction volume. In addition, a joint venture, MMPC Auto Financial Services Corporation, was established in the Philippines in May last year as a sales finance company specializing in Mitsubishi vehicles, and began full-scale operations in September last year.」

「In the new business, the number of new partners for “ATODENE,” a buy-now-pay-later service provided by consolidated subsidiary JACCS Payment Solutions Co., Ltd., expanded, resulting in higher business volume. In overseas operations, the Vietnamese consolidated subsidiary expanded its business volume by extending the sales area for motorcycle loans and focusing on acquiring purpose-specific loans for high-quality customers. PT Mitra Pinasthika Mustika Finance, an Indonesian finance company accounted for under the equity method, increased business volume as signs of an economic bottom emerged and it strengthened cooperation with its Group company engaged in motorcycle and four-wheel vehicle sales.」

「In the new business, the number and value of transactions for “ATODENE,” a buy-now-pay-later service provided by consolidated subsidiary JACCS Payment Solutions Co., Ltd., increased as the number of partner companies expanded and usage grew among existing partners. In overseas operations, the Vietnamese subsidiary, also a consolidated subsidiary, increased business volume by developing merchants handling new products, including four-wheel vehicles and home appliances, and expanding the number of motorcycle loan counters. The number of credit card members also increased steadily.」

「• Diversifying the earnings base through the creation and development of new businesses and the growth of overseas operations」