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Our Financial Performance

Financial performance and reporting

With over 1,600 employees, £6.3bn of net earning assets, over 1.3 million customers across five business units and generating £104.0m profit before tax in 2020/21, Mitsubishi HC Capital UK PLC is one of the UK’s leading financial services companies.

From 1 April 2021 we became a wholly owned subsidiary of Mitsubishi HC Capital Inc., strengthening our relationship with one of the world's largest and most diverse financial groups.

Here you will find a three year summary of our financial performance, (including Key Performance Indicators under our previous trading name Hitachi Capital (UK) PLC).


Our 2020/21 financial results

You can find out more information about our financial performance in our latest Annual Report. Our financial performance and Key Performance Indicators for the past three financial years are as below: 

Key Highlights

£104m profit in 2020/21

19.7% fall in profit 2020/21

£5.9bn net earning assets

£3.3bn volume of new business

Year ending March 31202120202019
Profit before tax (PBT)£104.0m£129.4m£123.1m
PBT growth(19.7%)5.1%5.8%
New Business Volume£3.3bn£4.0bn£4.0bn
Net Earning Assets£5.9bn£5.9bn£5.6bn
Pre-tax Return on Net Earning Assets1.8%2.2%2.2%
Bad Debt ratio0.9%0.8%0.7%
Cost income ratio49.2%46.3%47.4%
Number of employees1,5501,4251,365
Effective tax rate20.4%20.4%19.0%
Post-tax return on equity10.5%14.4%15.7%