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Our Financial Performance

Financial performance and reporting

With over 1,600 employees, £6.5bn of net earning assets, nearly 1.3 million customers across five business units and generating £130.0m profit before tax in 2021/22, 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 2021/22 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

£130m profit in 2021/22

25% rise in profit 2021/22

£6.5bn net earning assets

£4.1bn volume of new business

Year ending March 31202220212020
Profit before tax (PBT)£130.0m£104.0m£129.4m
PBT growth25%(19.7%)5.1%
New Business Volume£4.1bn£3.3bn£4.0bn
Net Earning Assets£6.5bn£5.9bn£5.9bn
Pre-tax Return on Net Earning Assets2.1%1.8%2.2%
Bad debt charge as a percentage of total assets0.4%0.6%0.5%
Admin costs / Gross profit ratio50.5%49.2%46.3%
Number of employees1,6001,5501,425
Effective tax rate21.0%20.4%20.4%
Post-tax return on equity11.1%10.5%14.4%