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Our Financial Performance

Financial performance and reporting

With over 2,200 employees, £7.6bn of net earning assets, nearly 1.3 million customers across five business units and generating £160.8m profit before tax in 2022/23, 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 2022/23 financial results

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

Key Highlights

£160.8m profit in 2022/23

24% rise in profit 2022/23

£7.6bn net earning assets

£4.5bn volume of new business

Year ending March 31202320222021
Profit before tax (PBT)£160.8m£130.0m£104.0m
PBT growth24%25%(19.7%)
New Business Volume£4.5bn£4.1bn£3.3bn
Net Earning Assets£7.6bn£6.5bn£5.9bn
Pre-tax Return on Net Earning Assets2.2%2.1%1.8%
Bad debt charge as a percentage of total assets0.26%0.4%0.6%
Admin costs / Gross profit ratio61.3%50.5%49.2%
Number of employees2,2001,6001,550
Effective tax rate25.5%21.0%20.4%
Post-tax return on equity11.1%11.1%10.5%