IR-FAQ
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Important FAQ
Q1 |
Please give us an overview of your First quarter results for the FY2010. |
Q2 |
Please give us an consolidated outlook for the FY2010. |
Q3 |
Could you tell us detailed content of ADR Procedure? |
Q1 |
Please give us an overview of your First quarter results for the FY2010. |
A1 |
The AIFUL Group's consolidated operating revenue for the first quarter of fiscal 2010 fell 33.5% compared with the corresponding period of the previous fiscal year to 42,846 million yen. The principal components and their movements were interest on loans, which contracted 39.5% year on year to 31,289 million yen, revenue from the credit card business, which declined 20.4% to 3,519 million yen and revenue in the credit guarantee business, which decreased 15.9% to 1,569 million yen. In contrast, the collection of purchased claims climbed 51.7% to 1,171 million yen while the bad debt write-off recovery edged up 8.7% to 3,325 million yen. Operating expenses fell 35.1% compared with the corresponding period of the previous fiscal year to 39,431 million yen. After accounting for a transfer to the allowance for bad debts of 15,671 million yen, down 42.8% year on year, this was primarily attributable to successful efforts to reform the Group's cost structure as a part of the Group's management rationalization strategy which contributed to a 32.9% fall year on year in general administrative expenses including personnel expenses. As a result, the AIFUL Group's consolidated operating income for the first quarter of fiscal 2010 was 3,414 million yen, a decrease of 7.2% compared with the corresponding period of the previous fiscal year. Ordinary income amounted to 2,947 million yen, down 25.4% year on year while net income totaled 2,127 million yen, 56.9% lower than the same period of the previous fiscal year. |
PAGE TOPQ2 |
Please give us an consolidated outlook for the FY2010. |
A2 |
The business environment for the AIFUL Group is expected to remain challenging. A decline in revenue will accompany the fall in the balance of lending due to the full enactment of Money Lending Business Law from June 18, 2010, in addition to demands for interest repayments, which continue at a high level. In this environment, the Group will improve its financial position and profitability by significantly reducing costs and, at the same time, will achieve a cost structure mensurate with the reduction in operating assets and business scale as it steadily implements the Business Revitalization Plan, shrinking the scales of its assets. Business results forecasts for the AIFUL Group for the year ending March 2011 are for operating revenue of 140,832 million yen, down 35.4% year-on-year, operating income of 11,917 million yen, ordinary income of 12,330 million yen and net income of 2,821 million yen. Non-consolidated business results forecasts are for operating revenue of 80,421 million yen, down 35.6% year-on-year, operating income of 6,647 million yen, ordinary income of 9,259 million yen and net income of 3,938 million yen. |
Q3 |
Could you tell us detailed content of ADR Procedure? |
A3 |
Each of our Participating Creditors consented to adoption of our proposed business revitalization plan at the 3rd meeting on December 24,2009, and Business Revitalization Procedures were completed. For the details, please refer to here. |