IR-FAQ
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Business Information
Q1 |
What is the status of efforts to strengthen your compliance framework?
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A1 |
To renew AIFUL's image and restore public trust, we have not only retained outside experts, but have also launched the companywide Confidence Restoration Project. After a thorough investigation into what caused the legal violations, we are undertaking tough measures, including restructuring internal management systems, and creating and instilling new management values.
Currently, AIFUL is sparing no efforts to prevent a recurrence of any legal violations by tightening its compliance stance. To this end, we are revamping internal regulations and systems, improving employee training, and overhauling our organizational structure.
For detailed information on these efforts, click here.
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Q2 |
Could you explain AIFUL's strategy to become a comprehensive financial services company?
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A2 |
There are three principal goals associated with the AIFUL Group's drive to become a comprehensive financial services company: to realize stable growth in earnings; to spread risk through diversification of our business portfolio; and to achieve a high level of financial leverage.
AIFUL is seeking profitability, stability, and growth potential by targeting not just the consumer finance niche markets, but the entire consumer credit market. This will also raise the Group's corporate value.
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Q3 |
The economic recovery is forecast to bring hikes in long-term interest rates. How will you respond to that?
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A3 |
AIFUL is working to expand its fund procurement methods to include borrowing from banks and other financial institutions, bond issues, and asset securitization. In addition, from a security and refinancing standpoint, the AIFUL Group has set a target of a 50:50 ratio for indirect procurement and direct procurement.
In preparation for interest-rate hikes, AIFUL has minimized interest volatility risk by raising the ratio of fixed-rate borrowings, including interest rate caps and swaps, to 98.4% as of September 30, 2007. This will reduce the effects of changes in interest rates.
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Q4 |
What overseas moves are planned?
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A4 |
Because the AIFUL Group's share of Japan's consumer credit market is expected to expand, we have no concrete plans for overseas expansion. However, we will continue to study the markets overseas and conduct research.
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