Consolidated Financial Highlights for the Year ended March 31,2022[ Based on J-GAAP ]May 16, 2022
Company Name:
Mitsubishi HC Capital Inc.
Stock Exchange Listed on: Tokyo (Prime Market), Nagoya (Premier Market)
Company Code:8593
URL: https://www.mitsubishi-hc-capital.com/
Representative:
Takahiro Yanai, Representative Director, President & CEO
For Inquiry:
Satoshi Inoue, Director, Senior Managing Executive Officer TEL: +81-3-6865-3002
Date of General Meeting of Shareholders:June 28, 2022
Scheduled Commencement of Dividend Payment:
June 13, 2022
Scheduled Date of Submission of Financial Reports:
June 28, 2022
Supplemental Material for Financial Results:
Available
Holding of Financial Results Meeting:
Scheduled (for Institutional Investors and Analysts)(Amounts of less than one million yen are rounded down)
1. Consolidated Results for the year ended March 31, 2022 (April 1, 2021 – March 31, 2022)(1) Consolidated Operating Results(Year-on-year change %)Revenues

Operating income

Net income attributable toowners of the parent

Recurring income

For the year ended(Millions of yen)%

(Millions of yen)%

(Millions of yen)%

(Millions of yen)%March 31, 2022

1,765,559

86.3

114,092

83.1

117,23980.5

99,401

79.7

March 31, 2021

947,658－

62,316－64,968－55,314－(Note) 1. Comprehensive income:For the year ended March 31, 2022: ¥174,586 million 229.0%
For the year ended March 31, 2021: ¥53,066 million-%
2. The Company (the former Mitsubishi UFJ Lease & Finance Company Limited) executed the business integration with Hitachi
Capital Corporation on April 1, 2021.The consolidated operating results for the year ended March 31, 2021 represent the results ofthe former Mitsubishi UFJ Lease & Finance Company Limited.
3. Year-on-year change % for the year ended March 31, 2021 are omitted as changes in accounting policies were applied retrospectively.

DilutedEarnings per share earnings
per share

incomeReturn on equity Recurring
to total assets Operating margin

For the year ended

(Yen)

(Yen)

%

%

%

March 31, 2022

69.24

69.06

8.0

1.2

6.5

March 31, 2021

62.07

61.84

7.0

1.1

6.6

(Reference) Share of profit of entities accounted for using equity method:

For the year ended March 31, 2022: ¥4,818 million
For the year ended March 31, 2021: ¥3,261 million(Note) 4. The figures at the beginning of the period for calculating return on equity and recurring income to total assets for the year ended
March 31, 2022 reflect the business integration with Hitachi Capital Corporation.

(2) Consolidated Financial Position
Total assets

As ofTotal Equity

Equity ratio

Equity per share(Millions of yen)

(Millions of yen)

%

(Yen)

March 31, 2022

10,328,872

1,333,467

12.7

912.19March 31, 2021

6,014,896

817,906

13.4

901.66(Reference) Shareholders’ equity:

As of March 31, 2022:¥1,309,769 million
As of March 31, 2021:¥803,796 million(Note) 1. The consolidated financial position as of March 31, 2021 represent the results of the former Mitsubishi UFJ Lease & Finance
Company Limited.
2. Changes in accounting policies were applied retrospectively to figures as of March 31, 2021.

(3) Consolidated Cash Flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the end of
the year

For the year ended(Millions of yen)

(Millions of yen)

(Millions of yen)

(Millions of yen)March 31, 2022
March 31, 2021

195,845(107,879)(192,157)

520,083

199,3141,220(372,808)

286,213(Note) 1. The consolidated cash flows for the year ended March 31, 2021 represent the results of the former Mitsubishi UFJ Lease & Finance
Company Limited.
2. Changes in accounting policies were applied retrospectively to figures for the year ended March 31, 2021.

12. Dividends
Dividends per share
1st Quarter 2nd Quarter 3rd Quarter
Year - end
end
end
end

AnnualDividends
Total
Payout ratio
dividends
to equity(Consolidated)(For the year)(consolidated)

For the year ended
March 31, 2021

(Yen)

(Yen)

(Yen)

(Yen)

(Yen)

(Millions of yen)

%

%

－

12.75

－

12.75

25.50

22,72941.1

2.9March 31, 2022
March 31, 2023
(Forecast)

－

13.00

－

15.00

28.00

40,210

40.4

3.2

－

15.00

－

16.00

31.00

40.5

(Note) 1. Dividends for the year ended March 31, 2021 represent the results of the former Mitsubishi UFJ Lease & Finance Company Limited.
2. The figures at the beginning of the period for calculating dividends to equity for the year ended March 31, 2022 reflect the businessintegration with Hitachi Capital Corporation.

3. Consolidated Earnings Forecasts for the year ending March 31, 2023 (April 1, 2022 – March 31, 2023)(Year-on-year change %)Net income attributable toowners of the parent%(Millions of yen)
Full year

110,000

Earnings per share
(Yen)

10.7

76.61

* Notes(1) Significant changes in subsidiaries during the period(Change of specific subsidiaries accompanying the change of scope of consolidation):

Yes

Newly included: 14 companies(Company name)
Capital Insurance Corporation, Mitsubishi HC Business Lease Corporation, Mitsubishi HC Capital UK PLC , Mitsubishi
HC Capital America, Inc., Mitsubishi HC Capital Canada, Inc., Mitsubishi HC Capital Management (China) Limited,
Mitsubishi HC Capital (Hong Kong) Limited, Mitsubishi HC Capital Leasing (Beijing) Co., Ltd., Mitsubishi HC Capital
Factoring (Shanghai) Co., Ltd., Mitsubishi HC Capital Asia Pacific Pte. Ltd., Mitsubishi HC Capital (Thailand) Co., Ltd.,PT HCD Properti Indonesia, CAI International, Inc., Japan Infrastructure Initiative Company Limited(2) Changes in accounting policies, changes in accounting estimates, and restatement of revisions(ⅰ) Changes in accounting policies with revision of accounting standards, etc.
:
Yes(ⅱ) Changes in accounting policies other than (ⅰ) above:Yes(ⅲ) Changes in accounting estimates:No(ⅳ) Restatement of revisions:

No(3) Number of outstanding shares (common shares)(ⅰ) Number of outstanding
shares (including
treasury shares)

As of March 31, 2022

1,466,912,244 shares As of March 31, 2021

895,834,160 shares(ⅱ) Number of treasury
shares

As of March 31, 2022

31,056,401 shares As of March 31, 2021

4,368,016 shares(ⅲ) Weighted average
number of shares
outstanding

For the year ended
March 31, 2022

1,435,664,701 shares

For the year ended
March 31, 2021

891,207,275 shares(Note) As a result of the business integration with Hitachi Capital Corporation on April 1, 2021 (merger ratio: 1:5.1),
the number of outstanding shares increased by 571,078,084 shares to 1,466,912,244 shares.

2

(Reference) Summary of Non-Consolidated Results
1. Non-Consolidated Results for the year ended March 31, 2022 (April 1, 2021 – March 31, 2022)(1) Non-consolidated Operating Results
Revenues
Operating income
Recurring income
For the year ended
March 31, 2022
March 31, 2021

(Millions of yen)

838,475
492,019%(Millions of yen)

70.4－

18,071
22,768

Earnings per share
For the year ended
March 31, 2022
March 31, 2021%

(Millions of yen)

(20.6)－

34,00861,392(Year-on-year change %)Net income%(Millions of yen)%

(44.6)－

51,584
63,399(18.6)－

Dilutedearnings per share

(Yen)

(Yen)

35.93
71.14

35.84
70.87

(Note) 1. The non-consolidated operating results for the year ended March 31, 2021 represent the results of the former Mitsubishi UFJ Lease &Finance Company Limited.
2. Year-on-year change % for the year ended March 31, 2021 are omitted as changes in accounting policies were applied
retrospectively.

(2) Non-consolidated Financial Position
Total assets
As of(Millions of yen)March 31, 2022
5,700,025
March 31, 2021

Total Equity

4,181,294

Equity ratio

Equity per share(Millions of yen)

%

(Yen)

880,601
557,55415.4
13.3

612.00623.69(Reference) Shareholders’ equity:

As of March 31, 2022:¥878,739million
As of March 31, 2021:¥556,002million(Note) 1. The non-consolidated financial position as of the year ended March 31, 2021 represents the results of the former Mitsubishi UFJ
Lease & Finance Company Limited.
2. Changes in accounting policies were applied retrospectively to figures as of March 31, 2021.

* This “Consolidated Financial Highlights” is outside the scope of an audit by certified public accountants or an audit firm.
* Explanation regarding the appropriate use of the forecasts, etc.
(Remarks on forward-looking statements)
The forward-looking statements in this report, including earnings forecasts, have been prepared using information
available to the Company on the date of release and certain assumptions deemed reasonable by the Company, and are
not intended to assure that the Company will achieve such results. Actual earnings may differ significantly from theforecasts for various reasons.
* This “Consolidated Financial Highlights” is made in Japanese and translated into English. The Japanese text is the original
and the English text is for reference purposes. If there is any conflict or inconsistency between these two texts, theJapanese text shall prevail.

3

Contents
1．Summary of Operating Results, etc.

5(1) Summary of Operating Results for the year ended March 31, 2022

5(2) Summary of Financial Position as of March 31, 2022

9(3) Explanation of Forecast, including Consolidated Earnings Forecasts

9(4) Medium- to Long-term Management Direction

10

2．Basic Policy for Selection of Accounting Standards

10

3．Consolidated Financial Statements and Major Notes

11(1) Consolidated Balance Sheets

11(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

13

Consolidated Statements of Income

13

Consolidated Statements of Comprehensive Income

14(3) Consolidated Statements of Changes in Equity

15(4) Consolidated Statements of Cash Flows

17(5) Notes to the Consolidated Financial Statements

19(Notes concerning going-concern assumption)

19(Changes in accounting policies)

19(Segment information, etc.)

21(Per share information)

24(Significant subsequent events)244

1. Summary of Operating Results, etc.
(1) Summary of Operating Results for the year ended March 31, 2022
On April 1, 2021, the Company (the former Mitsubishi UFJ Lease & Finance Company Limited, “MUL”) executed thebusiness integration with Hitachi Capital Corporation (“HC”) and changed the trade name to Mitsubishi HC Capital Inc.
(“MHC”)
Accordingly, the figures for the year ended March 31, 2021 in 1) Summary of operating results and topics are the sumof consolidated results of MUL and those of HC (IFRS basis) converted into J-GAAP basis in a simplified manner, which
are presented as reference values.
Figures for the year ended March 31, 2021 and as of March 31, 2021 in 2) Operating results by reporting segments
are the sum of consolidated results of MUL and those of HC (IFRS basis) converted into J-GAAP basis in a simplified
manner, which are reclassified to conform to the new segmentation and presented as reference value.
1) Summary of operating results and topics
Summarized results for the year ended March 31, 2022 were as follows.
Net income attributable to owners of the parent increased by ¥12.2 billion, or 14.0% year on year (to reference
value), to ¥99.4 billion mainly thanks to 1) business growth in subsidiaries in Europe and the U.S. in Account Solution
segment and in marine container leasing in Logistics segment, 2) an increase in gains on sale of assets in Aviation
segment, 3) continuous replacement of the portfolio, and 4) steady promotion in asset turnover business, exceeding
the full-year earnings forecast (¥95.0 billion of net income attributable to owners of the parent) by ¥4.4 billion.
As a result of exceeding the full-year earnings forecast, annual dividend per share is expected to be ¥28, an
increase by ¥2 from annual dividend forecast of ¥26 and by ¥2.50 from the annual dividend paid for the year ended
March 31, 2021 of ¥25.50.
Major topics include that, in October 2021, the Company announced its support for Recommendations of the
Task Force on Climate-related Financial Disclosures (TCFD) and, in December 2021, identified and announced thefollowing six material issues as our priority key challenges we should address for our sustainable growth: (1) Promotea decarbonized society, (2) Realize the circular economy, (3) Establish resilient social infrastructure, (4) Realize
healthy lifestyles that promote positive wellbeing, (5) Create businesses utilizing the latest technologies, and (6)Collaborate with partners locally and globally. The MHC Group will implement specific business strategy/measuresin line with these material issues.
As part of our efforts toward promotion of a decarbonized society and realization of prosperous and sustainable
future through business, we established the Tokorozawa Kitaiwaoka Solar Power Plant in July 2021 under the solar
sharing model which allows to cope with both providing electricity to Tokorozawa City, Saitama Prefecture, andcultivating blueberries. Our overseas efforts include the acquisition of shares of Trung Nam Wind Power Joint Stock
Company, a Vietnamese wind power generation business developer and operator, in May 2021 to enter the wind
power market in Vietnam and the investment in a solar power generation business in California, the U.S., in
September 2021. Also, we made investment in Universal Hydrogen Co., a U.S. hydrogen-powered aircraft startup,in October 2021 and purchased 25 new generation fuel-efficient aircraft engines in the aircraft engine leasing
business in November 2021, with an aim to contribute to reducing environmental impacts of the aviation industry byfurther increasing such engines.
In Logistics segment, the Company acquired all shares of CAI International, Inc., a leading U.S. marine container
leasing company, and made them our wholly-owned subsidiary in November 2021. Taking advantage of thisacquisition, we will enhance our global competitiveness in the marine container leasing business with high growthpotential and stable leasing demand to develop the business as one of our growth drivers.

5

(Billions of yen)
Year Ended
March 31, 2021
(Reference value)Year Ended
March 31, 2022

Change (%)

Revenues

1,713.8

1,765.5

3.0

Gross profit

295.8

334.6

13.1

Operating income

98.0

114.0

16.4

Recurring income

105.4

117.2

11.2

Net income attributable toowners of the parent

87.1

99.4

14.0

2) Operating results by reporting segments
Operating results by reporting segments were as follows.
Following the business integration with HC, the Company reorganized its reporting segments to ten segments asfollows.
(For details of the reporting segments, please refer to “3. Consolidated Financial Statements and Major Notes,(5) Notes to the Consolidated Financial Statements (Segment information, etc.)” on page 21.)
(Customer Business)
Segment profit increased by ¥7.9 billion, or 31.2% year on year (reference value), to ¥33.4 billion mainly thanks
to business growth of ENGS Holdings Inc., a U.S. sales finance company, and an increase in gain on sale of strategic
shareholdings.
(Account Solution)
Segment profit increased by ¥6.9 billion, or 34.9% year on year (reference value), to ¥26.9 billion mainly thanks
to business growth primarily in Europe and the U.S. despite an increase in selling, general and administrative
expenses associated with expanded business activities.
(Vendor Solution)
Segment profit decreased by ¥1.1 billion, or 28.2% year on year (reference value), to ¥3.0 billion due to adecrease in segment assets despite an increase in new transactions volume.
(LIFE)
Segment profit increased by ¥0.6 billion, or 14.6% year on year (reference value), to ¥4.8 billion thanks to anincrease in gain on sale of logistics facilities in the real estate-related business as well as a decrease in selling,
general and administrative expenses.
(Real Estate)
Segment profit decreased by ¥8.8 billion, or 31.7% year on year (reference value), to ¥19.1 billion due to areactionary fall in sales gains and absence of compensation received in association with the redevelopment project,both recorded in the Year ended March 31, 2021.
(Environment & Renewable Energy)
Segment profit remained flat year on year (reference value) at ¥7.0 billion due to an absence of gain on step
acquisitions recorded in the solar power generation business in the Year ended March 31, 2021 despite an increasein electricity sales revenues.

6

(Aviation)
Segment profit increased by ¥2.9 billion, or 105.4% year on year (reference value), to ¥5.7 billion mainly thanks
to an increase in gain on sale of assets and posting of gain on sale of certain receivables from bankrupt debtors,
despite recognition of credit costs for certain existing customers, expenses in relation to modification of terms forcertain existing lease contracts, posting of impairment loss, and foreign exchange losses related to borrowings
denominated in foreign currencies in certain businesses.
(Logistics)
Segment profit increased by ¥0.8 billion, or 47.7%, year on year (reference value), to ¥2.7 billion mainly thanks
to steady performance of Beacon Intermodal Leasing, LLC, a marine container leasing company, and an increasein equity-method investment gains in the auto leasing business, despite posting of one-time expenses in connection
with reconfiguration of portfolio in the railway freight car leasing business and expenses related to the acquisition of
CAI International, Inc.
(Mobility)
Segment profit increased by ¥1.1 billion, or 160.7% year on year (reference value), to ¥1.9 billion mainly thanks
to an increase in gain on sale of vehicles for which the leasing term matured in Japan and overseas etc., responding
to the high demand for used cars on a global basis.
(Others)
Segment profit decreased by ¥3.1billion year on year (reference value), to a segment loss of ¥3.4 billion mainly
due to posting of credit costs for certain customers in the infrastructure business.
We plan to change the reporting segments in the year ending March 31, 2023 along with the organizationalchanges.

7

Segment profits or losses by reporting segments(Billions of yen)

Reporting segments

Year Ended
March 31, 2021
(Reference value)Year Ended
March 31, 2022

Change (%)

Customer Business

25.5

33.4

31.2

Account Solution

19.9

26.9

34.9

Vendor Solution

4.1

3.0

(28.2)

LIFE

4.2

4.8

14.6

Real Estate

28.0

19.1

(31.7)

Environment &Renewable Energy

7.0

7.0

0.8

Aviation

2.8

5.7

105.4

Logistics

1.8

2.7

47.7

Mobility

0.7

1.9

160.7

Others

(0.2)

(3.4)

-

Adjustments

(6.9)

(2.1)

-

Total

87.1

99.4

14.0

(Note) 1. Adjustments of segment profit (loss) consist mostly of adjustments of company-wide expenses included in selling,
general and administrative expenses not allocated to any reporting segments.
2. Segment profit (loss) is consistent with net income attributable to owners of the parent on the consolidated
statements of income.

Segment assets by reporting segments

Reporting segments(Billions of yen)
As of March 31,2021(Reference value)

As of March 31, 2022

Change (%)

Customer Business

2,129.5

2,002.1(6.0)

Account Solution

2,109.2

2,353.4

11.6

Vendor Solution

434.4

424.6

(2.3)

LIFE

321.8

312.7

(2.8)

Real Estate

955.6

974.9

2.0

Environment &Renewable Energy

322.4

315.4

(2.1)

Aviation

1,203.8

1,365.1

13.4

Logistics

545.5

1,063.2

94.9

Mobility

161.1

174.8

8.5

Others

355.7

355.5

(0.1)

Adjustments

65.4

3.2

(95.1)

Total

8,604.8

9,345.3

8.6(Note) 1. Segment assets include operating assets, equity-method investments, goodwill and investment securities.
2. Adjustments of segment assets consist mostly of goodwill recognized when Diamond Lease Company Limited and
UFJ Central Leasing Co., Ltd. merged and became Mitsubishi UFJ Lease & Finance Company Limited in 2007 andother segment assets such as investment securities related to corporate, which are not attributable to any reporting
segments, and offsets in transactions between segments.

8(2) Summary of Financial Position as of March31, 2022
1) Assets, liabilities, and equity
Total assets as of March 31, 2022 increased by ¥4,313.9 billion to ¥10,328.8 billion due to the businessintegration with HC on April 1, 2021. Total equity as of March 31, 2022 increased by ¥515.5 billion to ¥1,333.4 billion
and interest-bearing debt (excluding lease obligations) increased by ¥3,431.1 billion to ¥8,066.0 billion.
2) Cash flows
Cash and cash equivalents as of March 31, 2022 increased ¥233.8 billion, or 81.7% year on year, to ¥520.0 billion,
due to cash inflows in operating activities of ¥195.8 billion and a cash increase associated with a merger of ¥316.8
billion despite cash outflows in investing and financing activities of ¥107.8 billion and ¥192.1 billion, respectively.
Net cash provided by operating activities was ¥195.8 billion (cash provided of ¥199.3 billion for the Year ended
March 31, 2021), mainly consisting of cash inflows from income before income taxes of ¥147.2 billion, depreciation ofleased assets and loss on disposal and sales of leased assets of ¥443.9 billion despite cash outflows from purchasesof leased assets and other operating assets of ¥404.9 billion.
Net cash used in investing activities was ¥107.8 billion (cash provided of ¥1.2 billion for the Year ended March
31, 2021), mainly consisting of cash outflows from payments for acquisition of newly consolidated subsidiaries of¥124.5 billion, purchase of investment securities of ¥13.6 billion despite cash inflows from proceeds from sales andredemption of investment securities of ¥36.0 billion.
Net cash used in financing activities was ¥192.1 billion (cash used of ¥372.8 billion in the Year ended March 31,2021), mainly consisting of net cash outflows from direct financing of ¥68.5billion, indirect financing through bankborrowings of ¥73.2 billion, and dividends paid of ¥32.8 billion.
(3) Explanation of Forecast, including Consolidated Earnings Forecasts
1) External environment
The situation with the COVID-19 pandemic varies depending on countries and regions, including social activities
in keeping with the spread of variants such as Omicron, vaccination rates, and rates of serious cases and deaths.
However, in light of the gradual easing of restrictions aimed at preventing infections, it is expected that living with
COVID-19 will become a common approach in socioeconomic activities, leading to a recovery in economic activities
centering on consumption and investment.
On the other hand, Russia’s invasion of Ukraine is causing a delay in economic recovery from the COVID-19
pandemic as it is no longer a mere localized conflict, but it is affecting global energy supply and the financial market.
Although its impact on the MHC Group is limited at this moment as we have few receivables in Russia or Ukraine,
we will continue to monitor its indirect impacts on our earnings that could be brought about by repercussions on the
global economy.
2) Earnings forecasts and dividend forecasts for the year ending March 31, 2023
Net income attributable to owners of the parent for the year ending March 31, 2023 is forecast to be ¥110.0 billion,
an increase of ¥10.5 billion year on year, as we expect growth in each business, contribution to consolidated earnings
by CAI International, Inc., a leading U.S. marine container leasing company which became our wholly-owned
subsidiary in the year ended March 31, 2022, and decrease in credit costs and impairment losses.
The net income forecast of ¥110.0 billion is a record-high level surpassing the results for the Year ended March
31, 2020 (simple sum of Mitsubishi UFJ Lease & Finance and Hitachi Capital’s results before the businessintegration) ,which was immediately before the beginning of the COVID-19 pandemic.
Annual dividend per share for the year ending March 31, 2023 is forecast to be ¥31, an increase of ¥3 year on
year.

9

(4) Medium- to Long-term Management Direction
The Company has developed the Medium- to long-term management direction.
The Medium- to long-term management direction has been developed based on the “Basic Management Policy(Our Mission, Our Vision, Action Principles),” describes “Our 10-year Vision（Together we innovate, challenge andexplore the frontiers of the future）” toward the realization of Our Mission, and shows how we want to be recognizedby our stakeholders and how we should transform to become such a company.
Through three-phase medium-term management plans, “Hop,” “Step,” and “Jump,” with the first phase “Hop”
being the Medium-term Management Plan covering the three-year period from the year ending March 31, 2024, we
will promote Corporate Transformation / Customer Experience (CX) through “Sustainability Transformation (SX) /Digital Transformation (DX)” and “Business Portfolio Transformation” with an aim to achieve “Our 10-year Vision”.
CX refers to both Corporate Transformation and Customer Experience, meaning that we will create customer value
through company-wide transformation.
Our expected target for the year ending March 31, 2026, the final year of “Hop” include ROA of approximately
1.5%, ROE of approximately 10%, and our expected target of dividend payout ratio during the Medium-termManagement Plan of approximately 40%. The medium-term management policy/strategy and specific KPI targets will
be determined in the process to develop the new Medium-term Management Plan covering the three-year period
from the year ending March 31, 2024.

Please refer to pages 24-29 of “Financial Results for the Fiscal Year Ended March 31, 2022” posted on IR Libraryon the Company’s website for details of the Medium- to long-term management direction.
(URL of IR Library on the Company’s website)
https://www.mitsubishi-hc-capital.com/english/investors/library/report/index.html

2. Basic Policy for Selection of Accounting Standards
The MHC Group has adopted Japan GAAP considering the comparability of the consolidated financial statements
between periods and companies. The MHC Group has not yet decided whether to adopt IFRS but plans to takeappropriate actions in consideration of both domestic and international situations.

103. Consolidated Financial Statements and Major Notes(1) Consolidated Balance Sheets(Millions of yen)
For the year ended
March 31, 2022
(As of March 31, 2022)

For the year ended
March 31,2021(As of March 31, 2021)
AssetsCurrent assets
Cash and deposits
Installment receivables
Lease receivables and investments in leases
Operating loans receivables
Other operating loans receivable
Lease and other receivables
Securities
Merchandise
Other current assets
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Leased assets
Leased assets
Advances on purchases of leased assets
Total leased assets
Other operating assets
Own-used assets
Total property, plant and equipment
Intangible assets
Leased assets
Leased assets
Total leased assets
Other intangible assets
Goodwill
SoftwareTelephone subscription right
Other
Total other intangible assets
Total intangible assets
Investments and other assets
Investment securities
Distressed receivables
Deferred tax assets
Retirement benefit asset
Other investments
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance costs
Total deferred assets
Total assets

11294,241
191,043
1,628,749
809,345
58,39331,1985,469
27,468120,042(5,794)
3,160,157

540,942
255,143
3,265,267
1,662,226
183,749
80,382
2,019
48,242
156,006(22,657)
6,171,321

2,051,082
59,7502,110,833
152,138
6,248
2,269,220

3,086,149
34,622
3,120,771
222,654
13,782
3,357,208

4
439,49539,49557,2778,467
27
84,984
150,757
150,762

90,32625,632
35
112,150
228,145
267,641

357,791
39,26910,22921
46,491(22,501)
431,301
2,851,284

376,645
108,188
38,137
1,593
80,134(76,791)
527,908
4,152,758

3,454
3,454
6,014,896

4,791
4,791
10,328,872

(Millions of yen)
For the year ended
March 31, 2022
(As of March 31, 2022)

For the year ended
March 31,2021(As of March 31, 2021)
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of bonds payable
Current portion of long-term borrowings
Commercial papers
Current maturities of loans from thesecuritizations of the minimum future rentals
on lease contracts
Lease obligations
Income taxes payable
Deferred profit on installment sales
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other current liabilities
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Loans from the securitizations of the minimum
future rentals on lease contracts, less current
maturities
Lease obligations
Asset retirement obligations
Deferred tax liabilities
Provision for retirement benefits for directors(and other officers)
Retirement benefit liability
Reserve for contract of insurance
Other non-current liabilities
Total non-current liabilities
Total liabilities
EquityShareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeShare acquisition rights
Non-controlling interests
Total equity
Total liabilities and equity

12

88,062
236,730
244,025
372,344434,171

184,042
591,431443,647
810,475
682,593

61,995247,900

23,133
10,805
10,095
5,384

21,676
24,818
11,11014,685505

2,535

103,527
1,590,780

200,425
3,235,343

980,1812,261,273

1,820,244
3,113,196

44,234

356,592

66,66725,05552,81653,33140,431
108,580

112

136

3,060
172,806
3,606,209
5,196,990

8,856
11,148247,542
5,760,061
8,995,404

33,196167,280
568,335(1,528)767,283

33,196
548,586
638,043(19,369)
1,200,456

30,678

14,953(15,519)
22,278(925)

1,460
92,776
123

36,512

109,313

1,552
12,557
817,906
6,014,896

1,861
21,835
1,333,467
10,328,872

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Millions of yen)
For the year ended
March 31, 2021
(April 1, 2020 - March 31, 2021)

For the year ended
March 31, 2022
(April 1, 2021 - March 31, 2022)

947,658
787,174
160,483
98,16662,316

1,765,559
1,430,898
334,661
220,569
114,092

356
3,384
319

540
2,447
134

3,261

4,818

706
1,957
9,986

2,218
5,469
15,629

4,205
756
853
1,518
7,334
64,968

5,878
3,718
2,884
12,482
117,239

10,02929,967

431

-

1,395
3,488
3,112
18,457431
30,399242
242
83,18322,457
3,907
26,36456,8181,504
55,314

114
273
388
147,250
38,807
7,088
45,896
101,354
1,953
99,401

Revenues
Cost of revenues
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Rental income
Share of profit of entities accounted for using
equity method
Recoveries of written off receivables
Other non-operating income
Total non-operating income
Non-operating expenses
Interest expenses
Loss on valuation of derivatives
Foreign exchange losses
Other non-operating expenses
Total non-operating expenses
Recurring income
Extraordinary income
Gain on sale of investment securities
Gain on sale of shares of subsidiaries andassociates
Gain on step acquisitions
Compensation income
Gain on sale of own-used assets
Gain on bargain purchaseTotal extraordinary income
Extraordinary losses
Loss on sale of investment securities
Loss on step acquisitions
Total extraordinary losses
Income before income taxes
Income taxes- current
Income taxes - deferred
Total income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of the parent

13

(Consolidated Statements of Comprehensive Income)(Millions of yen)
For the year ended
For the year ended
March 31, 2021
March 31, 2022
(April 1, 2020 - March 31, 2021) (April 1, 2021 - March 31, 2022)
Net income
Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of
the parent
Comprehensive income attributable to noncontrolling interests

14

56,818101,354

19,845(15,578)(10,516)(14,194)330

15,001
69,358
1,061

782

3,389

(3,751)53,06673,232
174,586

51,785

171,878

1,281

2,708

(3) Consolidated Statements of Changes in Equity
For the year ended March 31, 2021 (April 1, 2020 – March 31, 2021)(Millions of yen)
Shareholders' equity
Share capital

Capital surplus

Balance at the beginning of
the period
Cumulative effects ofchanges in accounting
policies

33,196

Restated balance

33,196

Retained earnings

167,164

Treasury shares

538,977

Total shareholders’equity(1,665)

737,671(3,107)167,164(3,107)535,869(1,665)734,564

Changes during the period-

Increase by merger
Dividends of surplus(22,501)(22,501)

Net income attributable toowners of the parent

55,31455,314

Change in scope of
consolidation

(336)

(336)

Change in scope of equity
methodChange in ownership interestof parent due totransactions
with non-controlling interests

(10)

(10)

83

83
-

Purchase of treasury shares
32

Disposal of treasury shares

137

169

Net changes in items otherthan shareholders' equity
Total changes during the period-

115

32,466137

32,719Balance at the end of the period

33,196167,280

568,335(1,528)767,283

Accumulated other comprehensive income
Valuationdifferenceonavailablefor-salesecurities
Balance at the beginning of
the period
Cumulative effects ofchanges in accounting
policies

10,752

Restated balance

10,752

Deferred
gains orlosses onhedges(5,597)(5,597)

Foreigncurrencytranslation
adjustment
36,21936,219Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive
income(1,333)40,041(1,333)40,041

Share
acquisitionrights

1,507

1,507

Noncontrollinginterests

Total equity

19,599798,820(195)(3,303)

19,404

795,517

Changes during the period
Increase by merger-

Dividends of surplus(22,501)

Net income attributable toowners of the parent
Change in scope of
consolidation
Change in scope of equity
methodChange in ownership interestof parent due totransactions
with non-controlling interests

55,314Purchase of treasury shares-

Disposal of treasury shares

169

(336)
(10)
83

Net changes in items otherthan shareholders' equity

19,925(9,922)(13,940)407(3,528)45(6,846)(10,330)

Total changes during the period

19,925(9,922)(13,940)407(3,528)45(6,846)22,389Balance at the end of the period

30,678(15,519)

22,278(925)

36,512

1,552

12,557

817,90615

For the year ended March 31, 2022 (April 1, 2021 – March 31, 2022)(Millions of yen)
Shareholders' equity
Share capital

Capital surplus

Balance at the beginning of
the period
Cumulative effects ofchanges in accounting
policies

33,196

Restated balance

33,196

Retained earnings

167,280

Total shareholders’equityTreasury shares

568,335(1,528)767,283-

167,280

568,335(1,528)767,283(18,022)

363,457

Changes during the period

381,480

Increase by merger
Dividends of surplus
Net income attributable toowners of the parent(29,693)(29,693)

99,401

99,401

Change in scope of
consolidation-

Change in scope of equity
methodChange in ownership interestof parent due totransactions
with non-controlling interests

(113)

(113)

Purchase of treasury shares(60)

Disposal of treasury shares

(3)

(3)

184

123

Net changes in items otherthan shareholders' equity
Total changes during the period-

381,306

69,707(17,840)

433,172

Balance at the end of the period

33,196

548,586

638,043(19,369)

1,200,456

Accumulated other comprehensive income
Valuationdifferenceonavailablefor-salesecurities
Balance at the beginning of
the period
Cumulative effects ofchanges in accounting
policies

30,678

Restated balance

30,678Deferred
gains orlosses onhedges(15,519)

Foreigncurrencytranslation
adjustment

22,278Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive
income(925)

36,512

Shareacquisitionrights1,552

Noncontrollinginterests

12,557

Total equity

817,906-(15,519)

22,278(925)

36,512

1,552

12,557

817,906

Changes during the period
Increase by merger

363,457

Dividends of surplus(29,693)

Net income attributable toowners of the parent
Change in scope of
consolidation
Change in scope of equity
methodChange in ownership interestof parent due totransactions
with non-controlling interests

99,401

Purchase of treasury shares

(3)

(113)

123

Disposal of treasury shares
Net changes in items otherthan shareholders' equity(15,725)

16,97970,4971,049

72,800308

9,278

82,387

Total changes during the period(15,725)

16,97970,4971,049

72,800308

9,278

515,560

Balance at the end of the period

14,953

1,460

92,776

123

109,313

1,861

21,835

1,333,467

16

(4) Consolidated Statements of Cash Flows(Millions of yen)

For the year ended
March 31, 2021
(April 1, 2020 - March 31, 2021)

For the year ended
March 31, 2022
(April 1, 2021 - March 31, 2022)

83,183
135,61045,783
5,488

147,250
295,793
148,205
13,0503,557

10,331

1,286
5,866

3,378
6,135

9,810

19,479(3,741)65,803(9,787)(2,988)82,118(29,853)(431)-(1,395)(3,488)(3,112)
-

273
(7)
(431)

(28,357)

1,598

23,8248,225

77,426(29,406)

97,317(26,169)(17,293)

7,242(185,989)(32,781)
9,602
(890)
277,289
5,338(64,466)
3,488(22,335)
199,314(397,205)(7,770)3,885
57,770310,905
4,522(83,076)(36,505)
195,845(2,648)
3,272(15,699)(9,623)553(13,663)

14,66436,065-(124,592)

2,019(55,524)
54,250
886
1,220

2,271
(5,913)6,976
45(107,879)

Cash flows from operating activities
Income before income taxes
Depreciation of leased assets
Loss on disposal and sales of leased assets
Depreciation of other operating assets
Depreciation and loss on disposal of own-usedassetsOther depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful
accounts
Interest and dividend income
Financial expenses and interest expenses
Loss (gain) on sale of investment securities
Loss (gain) on sale of shares of subsidiaries andassociates
Loss (gain) on step acquisitions
Compensation income
Loss (gain) on sales of own-used assets
Gain on bargain purchase(Increase) decrease in rental income and otherreceivables(Increase) decrease in installment receivables(Increase) decrease in lease receivables andinvestments in leases(Increase) decrease in loans receivable(Increase) decrease in operating securities andinvestments in private equity securities
Purchases of leased assets
Purchases of other operating assets
Increase (decrease) in trade payables
Other
SubtotalInterest and dividends received
Interest paid
Proceeds from compensation
Income taxes paid
Cash flows from operating activities
Cash flows from investing activities
Purchase of own-used assets
Proceeds from sale of own-used assets
Purchase of investment securities
Proceeds from sale and redemption of investment
securities
Payments for acquisition of newly consolidated
subsidiaries
Proceeds from sales of consolidated subsidiaries
Payments into time deposits
Proceeds from withdrawal of time deposits
Other
Cash flows from investing activities

17

(Millions of yen)
For the year ended
For the year ended
March 31, 2021
March 31, 2022
(April 1, 2020 - March 31, 2021) (April 1, 2021 - March 31, 2022)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Net increase (decrease) in commercial papers
Proceeds from loans from the securitizations of
the minimum future rentals on lease contracts
Repayments of loans from the securitization of
the minimum future rentals on lease contracts
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of bonds
Redemption of bonds
Dividends paid
Dividends paid to non-controlling interests
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Other
Cash flows from financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at the beginning of theperiodIncrease (decrease) in cash and cash equivalents
resulting from change in scope of consolidation
Increase in cash and cash equivalents resulting frommergerCash and cash equivalents at the end of the period

18(211,716)(328,318)

49,90430,707103,767

359,310(132,989)(423,974)

578,241(402,652)
280,426(230,079)(22,501)(5,530)562,540(685,685)
498,011(532,561)(29,693)(3,140)(1,068)(12,346)(388)(372,808)(5,229)(192,157)

2,818

21,066(169,455)(83,124)455,588286,21380

99-

316,895

286,213520,083(5) Notes to the Consolidated Financial Statements(Notes concerning going-concern assumption)
Not applicable(Changes in accounting policies)(Application of accounting standard for revenue recognition)
On April 1, 2021, the Company applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement
No.29, March 31, 2020, “Accounting Standard for Revenue Recognition”), etc., and recognizes revenue at an amountthat it expects to receive in exchange for the promised goods or services when the control of the goods or services
is transferred to a customer.
In applying the Accounting Standard for Revenue Recognition, etc., the Company followed the transitional
treatment stipulated by a provisory clause of Paragraph 84 of the Accounting Standard for Revenue Recognition. As
a result, both revenues and cost of revenues for the year ended March 31, 2022 decreased by ¥9,400 million, but
the impact on income before income taxes was insignificant. The impact on retained earnings as of April 1, 2022
was also insignificant.
Pursuant to the transitional treatment stipulated by Paragraph 89-2 of the Accounting Standard for Revenue
Recognition, the Company did not reclassify figures for the year ended March 31, 2021 to conform to the newpresentation method.
(Application of accounting standard for fair value measurement, etc.)
On April 1, 2021, the Company applied the “Accounting Standard for Fair Value Measurement” (ASBJ Statement
No.30, July 4, 2019, “Accounting Standard for Fair Value Measurement”), etc., and the new accounting policies
stipulated in the Accounting Standard for Fair Value Measurement, etc. are applied prospectively pursuant to thetransitional treatment stipulated by Paragraph 19 of the Accounting Standard for Fair Value Measurement andParagraph 44-2 of the “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10, July 4, 2019). The
application has no impact on the consolidated financial statements.
(Changes in accounting policies following the merger with Hitachi Capital Corporation)
The Company merged with Hitachi Capital Corporation effective on April 1, 2021.
As a result, the Company and its certain consolidated subsidiaries changed the accounting policies regarding thefollowing items from April 1, 2021.
All changes in accounting policies were applied retrospectively to the consolidated financial statements for theyear ended March 31, 2021 and the consolidated financial statements for the year ended March 31, 2022.
<Accounting treatment for recognizing revenue from extended lease agreement in lease transactions>
Previously, the Company recognized lease payments from an extended lease agreement (usually for one year)
as revenues on the date the lease agreement is extended but changed the method to recognize revenues on amonthly basis over the extended lease term.
We previously recognized lease payments from an extended lease agreement as earnings in a lump sum on thelease commencement date as asset balance related to extended lease agreements is increasing due to the merger
and also extended lease agreements generally require lump sum payment of lease payments for the entire leaseterm on the lease commencement date and are not required to refund unearned portion in the event the agreement
is terminated. However, we decided to change the method because an extended lease agreement is a leasetransaction and we believe recognizing revenues over the lease term better reflects earnings from lease transactionsin the consolidated financial statements.
As a result of this change, in the consolidated balance sheets as of March 31, 2021, other current liabilities
increased by ¥8,392 million, lease and other receivables and retained earnings decreased by ¥1,884 million and¥6,926 million, respectively, compared to their respective balances before the retrospective application. Also because
the cumulative effects were adjusted to the balance of total equity as of April 1, 2020, retained earnings as of April 1,2020 decreased by ¥6,833 million.
The impact of this change on earnings and per share information for the year ended March 31, 2021 is
insignificant.
The accounting treatment has been retrospectively applied to the consolidated statements of cash flows for the19year ended March 31, 2021, and there was no change in total cash flows from operating, investing and financing
activities.
<Accounting treatment for lease transactions treated as finance transactions>
Previously, lease agreements treated as financial transactions in substance based on their nature wererecognized as operating loans receivables in the consolidated balance sheets, with interest income recognized asrevenues in the consolidated statements of income. However, to reflect the nature of the agreements, we changed
the method to recognize them as lease receivables and investments in leases in the consolidated balance sheets,
and to recognize lease revenues and cost of lease as revenues and cost of revenues, respectively, in the
consolidated statements of income.
Previously, we accounted for and presented those agreements in a similar manner as loans receivables asfinancial transactions in substance with leased property treated as collateral based on the intent of the contracting
parties and nature of the leased property. However, we decided to change the method because of an increase in thenumber of agreements whereby leased property are returned to the Company after the expiration of the lease term,
showing more of a characteristic of finance lease, and also because of an increase in the asset balance of similartransactions following the merger.
As a result of this change, in the consolidated balance sheets as of March 31, 2021, lease receivables andinvestments in leases and retained earnings increased by ¥214,643 million and ¥1,732 million, respectively, andoperating loans receivables decreased by ¥212,146 million. In the consolidated statements of income for the year
ended March 31, 2021, both revenues and cost of revenues increased by ¥53,460 million, compared to theirrespective figures before the retrospective application. Also because the cumulative effects were adjusted to thebalance of total equity as of April 1, 2020, retained earnings as of April 1, 2020 increased by ¥1,732 million.
The impact of this change on earnings and per share information for the year ended March 31, 2021 is
insignificant.
As a result of retrospective application of the accounting treatment to the consolidated statements of cash flows
for the year ended March 31, 2021, “(Increase) decrease in lease receivables and investments in leases” decreasedby ¥17,684 million and “(Increase) decrease in loans receivable” increased by ¥17,684 million, and there was nochange in total cash flows from operating activities.
<Accounting treatment for deferred assets (bond issuance costs) >Previously, bond issuance costs related to bonds issued by the Company and its domestic subsidiaries were
expensed as incurred, but the method was changed to amortize the costs over the period until the redemption of therelevant bonds using the interest method.
We decided to change the method to better reflect the MHC Group’s funding activities in the consolidated financial
statements because bond issuance costs are funding costs as with bond interest and also because the international
accounting standards require such costs to be amortized using the interest method and therefore the Company’s
overseas subsidiaries amortize their bond issuance costs using the interest method.
As a result of this change, in the consolidated balance sheets as of March 31, 2021, bond issuance costs andretained earnings increased by ¥3,454 million and ¥2,070 million, respectively, compared to their respective balances
before the retrospective application. Also because the cumulative effects were adjusted to the balance of total equity
as of April 1, 2020, retained earnings as of April 1, 2020 increased by ¥1,993 million.
The impact of this change on earnings and per share information for the year ended March 31, 2021 is
insignificant.
The accounting treatment has been retrospectively applied to the consolidated statements of cash flows for theyear ended March 31, 2021, and there was no change in total cash flows from operating, investing, and financing
activities.

20

(Segment information, etc.)
1. Overview of reporting segments
The Company’s reporting segments are components of the Company for which separate financial statements isavailable that are reviewed by the Board of Directors regularly to make decisions regarding the allocation ofmanagement resources and evaluate operating performance.
On April 1, 2021, the Company (the former Mitsubishi UFJ Lease & Finance Company Limited, “MUL”) executed
the business integration with Hitachi Capital Corporation (“HC”) and changed the trade name to Mitsubishi HC Capital
Inc. (“MHC”)
Following the business integration, the Company reorganized part of the reporting segments of MUL and HC andchanged them to the following ten segments effective April 1, 2021; “Customer Business,” “Account Solution,”“Vender Solution,” “LIFE,” “Real Estate,” “Environment & Renewable Energy,” “Aviation,” “Logistics,” “Mobility,” and“Others.”
Segments of “Healthcare,” “Infrastructure & Investment,” and other businesses are aggregated into “Others” inaccordance with the aggregation criteria set forth in the “Accounting Standard for Disclosures about Segments of anenterprise and Related Information.”
Details of the reporting segments after the change are as follows.
Reporting segments

Main services and business description

Customer Business

Finance solutions for corporations

Account Solution

Financial services for companies, government agencies, and vendors

Vendor Solution

Sales finance provided through collaboration with vendors

LIFE
Real Estate
Environment &Renewable Energy

Development, operation, and leasing of logistics and commercial facilities,
community development, food and agriculture and living essentials industry,
non-life insurance
Real estate securitization finance, real estate revitalization investment business,real estate asset management business, real estate leasing business
Power generation by renewable energy, environment related equipment leasing andfinance

Aviation

Aircraft leasing business, aircraft engine leasing business

Logistics

Marine container leasing business, railway freight car leasing business,
auto leasing business

Mobility

Auto leasing business and supplementary services

OthersServicing, trust, settlement services, medical equipment leasing and finance,social infrastructure investment business, etc.

The segment information for the year ended March 31, 2021 was prepared and reported under the classificationof reporting segments of MUL.
2. Calculation of profit or loss and assets by reportable segment
The accounting treatments applied to reported business segments are consistent with those adopted in
preparation of the consolidated financial statements.
Profit of reporting segments are based on net income attributable to owners of the parent.
Intersegment earnings and transfers are based on market prices.
As described in “3. Consolidated Financial Statements and Major Notes, (5) Notes to the Consolidated Financial
Statements (Changes in accounting policies),” the Company changed its accounting policies effective April 1, 2021,
and the new accounting policies have been retrospectively applied to the figures in the segment information for theyear ended March 31, 2021.

21

3. Information on profit or loss by reporting segments
For the year ended March 31, 2021 (April 1, 2020 to March 31, 2021)(Millions of yen)Amountrecorded in
Adjustments consolidated
financial
Infrastructure (Note) 1
statements& Investment(Note) 2

Reporting segments
CustomerBusiness

Environment& Energy

Healthcare

Real Estate

Aviation

Logistics

Segment profit

25,503

3,734

712

28,037

2,807

1,878

304

(7,664)55,314

Segment assets(Note) 3

2,129,561

198,592

157,373955,654

1,203,858

545,525

111,688712,641

6,014,896(Note)

1.

2.
3.

Adjustments of segment profit consist mostly of adjustments of company-wide expenses included inselling, general and administrative expenses not allocated to any reporting segments.
Adjustments of segment assets include goodwill recognized when Diamond Lease Company Limitedand UFJ Central Leasing Co., Ltd. merged and became Mitsubishi UFJ Lease & Finance Company
Limited in 2007 and other segment assets not attributable to any reporting segments, such as
investment securities related to Corporate, amounting to ¥34,426 million, and the sum of such amountand the segment assets of all reporting segments amounted to ¥5,336,681 million. The remainder of theadjustments of segment assets of ¥678,215 million represents the difference between total segment
assets including Corporate and total consolidated assets, which consists of assets other than segment
assets such as cash and deposits and own-used assets.
Segment profit is consistent with net income attributable to owners of the parent on the consolidated
statements of income.
Segment assets include operating assets, equity-method investments, goodwill and investment
securities.

For the year ended March 31, 2022 (April 1, 2021 to March 31, 2022)(Millions of yen)
Reporting segments
CustomerBusiness
Segment profit (loss)
Segment assets(Note) 3

Account Solution

VendorSolution

LIFE(Note)

1.

2.
3.

Aviation

26,956

3,008

4,846

19,162

7,081

5,767

2,002,128

2,353,483

424,629

312,745974,937

315,486

1,365,126

Logistics

Segment assets(Note) 3

Environment &Renewable
Energy33,472

Reporting segments

Segment profit (loss)

Real Estate

Mobility

OthersAdjustments(Note) 1(Millions of yen)Amountrecorded inconsolidated
financialstatements(Note) 2

2,774

1,905

(3,424)(2,148)99,401

1,063,226

174,807355,578986,721

10,328,872

Adjustments of segment profit (loss) consist mostly of adjustments of company-wide expenses included
in selling, general and administrative expenses not allocated to any reporting segments, and profit
adjustments of ¥2,877 million recorded by purchase method associated with the merger with Hitachi
Capital Corporation.
Adjustments of segment assets include goodwill recognized when Diamond Lease Company Limitedand UFJ Central Leasing Co., Ltd. merged and became Mitsubishi UFJ Lease & Finance Company
Limited in 2007 and other segment assets not attributable to any reporting segments, such as
investment securities related to Corporate and offsets in transactions between segments amounting to¥3,226 million, and the sum of such amount and the segment assets of all reporting segments amounted
to ¥9,345,376 million. The remainder of the adjustments of segment assets of ¥983,495 million
represents the difference between total segment assets including Corporate and total consolidated
assets, which consists of assets other than segment assets such as cash and deposits and own-usedassets.
Segment profit (loss) is consistent with net income attributable to owners of the parent on the
consolidated statements of income.
Segment assets include operating assets, equity-method investments, goodwill and investment
securities.

224. Information on impairment losses on non-current assets by reporting segment
For the year ended March 31, 2021 (April 1, 2020 to March 31, 2021)
Aviation segment recorded impairment losses of ¥2,578 million on leased assets. The impairment losses areincluded in cost of revenues.
For the year ended March 31, 2022 (April 1, 2021 to March 31, 2022)
Aviation segment recorded impairment losses of ¥3,550 million on leased assets. The impairment losses areincluded in cost of revenues.
5. Information on goodwill amortization and unamortized balance by reportable segment
For the year ended March 31, 2021 (April 1, 2020 to March 31, 2021)(Millions of yen)
Reporting segments

Corporate/elimination(Note)

Total

CustomerBusiness

Environment& Energy

Healthcare

Real Estate

Aviation

Logistics

Infrastructure& Investment

Amortization
during theperiod

645

－

－

500

2,546

56

－

2,117

5,866

Balance at theend of theperiod11,261

－

－

2,669

29,907734－

12,70457,277(Note) Corporate/elimination for amortization during the year and balance as of March 31, 2021 represents amortizationand outstanding balance, respectively, of goodwill recognized when Diamond Lease Company Limited and UFJ
Central Leasing Co., Ltd. merged and became Mitsubishi UFJ Lease & Finance Company Limited in 2007.
For the year ended March 31, 2022 (April 1, 2021 to March 31, 2022)(Millions of yen)
Reporting segments
CustomerBusiness
Amortization during
the period
Balance at the endof the period

Account
Solution

VendorSolution

LIFE

Real Estate

Environment &Renewable
EnergyAviation

663

－

－

－

500

－

2,621

11,820

－

－

－

2,168

－

30,489(Millions of yen)
Reporting segments
Logistics
Amortization during
the period
Balance at the endof the period

Mobility

Corporate/elimination(Note)

Others

Total

198

33

－

2,117

6,135

34,485775－

10,58790,326(Note) Corporate/elimination for amortization during the year and balance as of March 31, 2022 represents amortizationand outstanding balance, respectively, of goodwill recognized when Diamond Lease Company Limited and UFJ
Central Leasing Co., Ltd. merged and became Mitsubishi UFJ Lease & Finance Company Limited in 2007.

23

(Per share information)
For the year ended
March 31,2021

For the year ended
March 31,2022(April 1, 2020 – March 31, 2021)(April 1, 2021 – March 31, 2022)

Equity per share¥901.66¥912.19

Earnings per share¥62.07¥69.24

Diluted earnings per share¥61.84¥69.06(Note) As described in “Changes in accounting policies,” changes in accounting policies during the year ended March 31,
2022 have been applied retrospectively to the consolidated financial statements for the year ended March 31, 2021.
1.Equity per share
For the year ended
March 31,2021

For the year ended
March 31,2022(As of March 31, 2021)(As of March 31, 2022)

Total equity (millions of yen)

817,906

1,333,467

Amount deducted from total equity(millions of yen)

14,11023,697(1,552)(1,861)(12,557)(21,835)

803,796

1,309,769

891,466

1,435,855(Of which, share acquisition rights (millions ofyen))(Of which, non-controlling interests (millions ofyen))
Equity related to common shares at end of theperiod (millions of yen)
Number of common shares used for calculationof equity per share at the end of the period(thousand shares)

2. Earnings per share and diluted earnings per share
For the year ended
March 31,2021

For the year ended
March 31,2022(April 1, 2020 – March 31, 2021)(April 1, 2021 – March 31, 2022)

55,314

99,401--

55,314

99,401

891,207

1,435,664

-

-

3,334

3,736

Earnings per share
Net income attributable to owners of the parent(millions of yen)Amount not attributable to commonshareholders (millions of yen)
Net income attributable to commonshareholders of the parent (millions of yen)
Average number of shares during the period(thousand shares)

Diluted earnings per share
Adjustment to net income attributable toowners of the parent (millions of yen)
Increase in common shares (thousand shares)(Of which, share acquisition rights (thousand
shares))Summary of potential dilutive shares not includedin the calculation of diluted earnings per share
due to their anti-dilutive effect(3,334)―(Significant subsequent events)
Not applicable24(3,736)―