Credit Saison Co., Ltd. · TSE:8253
Credit Saison — FY2025 Earnings Presentation
52 slides from Credit Saison's earnings presentation, May 15, 2026
Slide 1: Financial Results Briefing of FY2025
Financial Results Briefing of FY2025 May 15, 2026 June 5, 2026 (Revised) Tokyo Stock Exchange Prime Market, Securities Code: 8253 Following the partial correction of the “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Under IFRS)” released on June 5, 2026, we have revised c
Slide 2: Agenda
AGENDA 01 Strategic Direction for Long-Term Growth 02 Main Business Strategies Global Business Payment Business Finance Business CSAX (Credit Saison AI Transformation) and Human Capital 03 FY25 Full-Year Financial Results 04 FY26 Earnings Forecast 2
Slide 3: Agenda
AGENDA 01 Strategic Direction for Long-Term Growth 02 Main Business Strategies Global Business Payment Business Finance Business CSAX (Credit Saison AI Transformation) and Human Capital 03 FY25 Full-Year Financial Results 04 FY26 Earnings Forecast 3
Slide 4: Achieved 100.0 billion yen in consolidated business profit one year ahead of schedule
Achieved 100.0 billion yen in consolidated business profit 1 year ahead of schedule, and planning for 110.0 billion yen in FY26 ✓ Through growth strategies and progress on structural reforms in our domestic businesses, we achieved strong profit growth that exceeds the final-year target of the curren
Slide 5: Balancing Creation of Results with Growth Investment
Against the Backdrop of an Established Earnings Base, Balancing the Creation of Results with Growth Investment ✓ In FY26, the final year of the current medium-term management plan, while committing to creating results, we will also work to sow the seeds for long-term growth FY26 Balancing the creati
Slide 6: Strategic Direction for Long-Term Growth Based on Changes in the Environment
Strategic Direction for Long-Term Growth Based on Changes in the Environment ✓ Using changes in the interest rate environment as an opportunity, we will evolve our earnings structure and capital utilization, and accelerate sustainable growth Recognizing the Issues Existing Businesses Using changes i
Slide 7: Approach to Capital Policy in FY26
Approach to Capital Policy in FY26 for Long-Term Growth Based on Changes in the Environment ✓ We will give priority to pursuing potential investment opportunities that contribute to long- term growth and will flexibly consider them based on their progress Pursue investment opportunities that contrib
Slide 8: Agenda
AGENDA 01 Strategic Direction for Long-Term Growth 02 Main Business Strategies Global Business Payment Business Finance Business CSAX (Credit Saison AI Transformation) and Human Capital 03 FY25 Full-Year Financial Results 04 FY26 Earnings Forecast 8
Slide 9: Agenda
AGENDA 01 Strategic Direction for Long-Term Growth 02 Main Business Strategies Global Business Payment Business Finance Business CSAX (Credit Saison AI Transformation) and Human Capital 03 FY25 Full-Year Financial Results 04 FY26 Earnings Forecast 9
Slide 10: Growth of the Global Business Driven by India
Growth of the Global Business Driven by India Business profit target of Lending Business Breakdown ¥20 billion*for the Global Business is aimed to be achieved ■Segment business profit approximately two years later ■Business Profit FY26 plan than the initial plan. （billion yen） Brazil 1.1 Recognition
Slide 11: Credit Saison India: Transition from Profit Recovery to Growth Acceleration
Credit Saison India： Transition from Profit Recovery to Growth Acceleration *Kisetsu Saison Finance（India）Pvt. Ltd. ■Credit Saison India's Business Profit （billion yen） Accelerating Growth Following a Period of Adjustment 2x FY25 • Credit costs increased in the first half due to special factors, etc
Slide 12: Credit Saison India: Steadily Expanding a High-Quality Portfolio
Credit Saison India：Steadily Expanding a High-Quality Portfolio ✓ Continued focus on direct lending, promoting portfolio optimization while strengthening risk management ✓ In FY26, to accelerate balance sheet growth by expanding receivables, primarily in secured assets, while further enhancing ri sk
Slide 13: Business in Brazil: Further Growth and Evolution of the Business Model
Business in Brazil: Further Growth and Evolution of the Business Model ✓Expanding through the B2B2C lending model in partnership with local fintech companies, with loan balances steadily increasing ✓Aiming to obtain an SCFI* license for the next stage of growth, while making upfront investments to d
Slide 14: Business in Vietnam: Sustained Growth Driven by Lending Expansion
Business in Vietnam: Sustained Growth Driven by Lending Expansion ✓Digitalization drove improved execution speed, with solid new lending and strong growth in loan receivable ✓While business profit grew steadily under local accounting standards, IFRS shows a YoY decline due to increase in ECL Contrib
Slide 15: Credit Saison India: Business Model
【Appendix】 Credit Saison India: Business Model Wholesale Partnership Embedded Branch Business Model Lending Lending Finance Lending Unsecured Secured Loans through tech enables Loans to Local Loans through tech enables Lending utilizing branches and sales Overview alliances with non-financial NBFCs
Slide 16: Credit Saison India: Risk Management
【Appendix】 Credit Saison India：Risk Management ■GNPA ratio remains at a low level ■Secured Loan：Collateral Evaluation ✓ LTV caps are defined by property type ✓ GNPA improved to 1.3%, driven by AUM growth and an ✓ For property valuation, at least two independent external valuation increased share of
Slide 17: Credit Saison India: Diversification of Funding Sources
【Appendix】 Credit Saison India：Diversification of Funding Sources ✓ Promote diversification across both funding sources and instruments to strengthen the funding foundation Number of financial institutions ( by sector) Breakdown of outstanding borrowing (by debt type) NCD CP Subdebt 3% 5% Corporate,
Slide 18: Credit Saison India: Differences Between Local and Consolidated Financial Statements
【Appendix】 Credit Saison India：Differences Between India Local and Consolidated Financial Statements ✓ FY25-4Q:In the India local financial statement, reversal of provisions was recorded following a revision to the Reserve Bank of India (RBI)’s guidelines on provisioning. ✓ In the consolidated finan
Slide 19: Agenda
AGENDA 01 Strategic Direction for Long-Term Growth 02 Main Business Strategies Global Business Payment Business Finance Business CSAX (Credit Saison AI Transformation) and Human Capital 03 FY25 Full-Year Financial Results 04 FY26 Earnings Forecast 19
Slide 20: Growth Development and Structural Reform Roadmap for Medium- to Long-Term Growth
Growth Development and Structural Reform Roadmap Payment business profit 32.0 30.0 30.6 for Medium- to Long-Term Growth Reversal of billion yen billion yen billion yen 8.7 the special ✓ FY24-25: Profit creation phase through strengthening our earnings base centered allowance 21.2 around the premium
Slide 21: Reinforcing General Cards Based on the Earnings Base Built through our Premium Strategy
Growth Development Reinforcing General Cards Based on the Earnings Base Built through our Premium Strategy Steady improvement in Strengthening general cards in parallel Next with our premium strategy earning power Future premium FY23 FY26 plan Reinforcing general cards segment Revenue per user Based
Slide 22: Two Areas Supporting Growth Development
Two Areas Supporting Growth Development ✓By expanding the general card segment, we will accumulate prospective premium customers and increase our premium ratio over the medium to long term through phased migration Convert to Premium Premium Card Segment Improving profitability ・Invitation appeals ta
Slide 23: Starting from Installments, Expanding Customer Touchpoints and Balances
Card shopping revolving and installments: Starting from Installments, Expanding Customer Touchpoints and Balances Before Customers who primarily ■ Shopping revolving credit and installment balances (billion yen) use lump-sum payments 111% 111% 107% 106% Shift to using installments:＋ 60% YoY *FY24→FY
Slide 24: Agenda
AGENDA 01 Strategic Direction for Long-Term Growth 02 Main Business Strategies Global Business Payment Business Finance Business CSAX (Credit Saison AI Transformation) and Human Capital 03 FY25 Full-Year Financial Results 04 FY26 Earnings Forecast 24
Slide 25: Stable Profit Growth
Stable Profit Growth ■ Finance Segment Business Profit (billion yen) Further generating synergies through collaborations with Group 47.3 48.7 companies Improve profitability by accelerating the use of DX and AI 38.9 Driving balance growth by responding to diverse funding needs 28.2 through leveragin
Slide 26: Guarantee Business
Guarantee Business ■ Guarantee business balance (billion yen) Credit Guarantees (Real Estate Secured Loans) 1,400.0 14,000 (for SMEs, small-scale business, and individuals) 1,286.0 ✓ Promoting and strengthening sales activities in major regional metropolitan areas Expanding partner financial institu
Slide 27: Real Estate Finance Business
Real Estate Finance Business ■ Real estate finance business balance (billion yen) Real Estate Secured Loans / Project Loans ・Loans for SMEs, small-scale businesses, and individuals, with flexible usage such as real estate investment and funding ・Purchase funds for real estate businesses 1,200.0 12,0
Slide 28: Agenda
AGENDA 01 Strategic Direction for Long-Term Growth 02 Main Business Strategies Global Business Payment Business Finance Business CSAX (Credit Saison AI Transformation) and Human Capital 03 FY25 Full-Year Financial Results 04 FY26 Earnings Forecast 28
Slide 29: Creating an Organization that Generates a Virtuous Cycle of Growth
Creating an Organization that Generates a Virtuous Cycle of Growth and Enhances Competitiveness Returns to employees through improved performance and share price Strengthening organizational capabilities ・ Fostering awareness of participation in through investments in human capital (P.34-35) managem
Slide 30: CSAX Strategy
CSAX Strategy ✓ Redesign the operations of all business divisions and all employees on the premise of AI Turning AI into a Growth Driver April 2026 CSAX #3: Reorganize operations and roles Phase to Date (operations are redesigned on premise of AI) Improving practicality and efficiency September 2025
Slide 31: External Evaluations
External Evaluations Selected as a DX Brand for 4 consecutive years since 2023 We have been selected as a “Digital Transformation Brand (DX Brand)” for 4 consecutive years. Evaluation Points for 2026 (Partial Excerpts) High DX Implementation Capability As a result of steadily and rapidly building a
Slide 32: Digital Transformation of the Payment Business
Digital transformation of the payment business ✓As a result of continuous app improvements through in-house development, it has contributed to enhanced customer convenience and expanded usage 2025/5 2025/6 2025/8 2025/10 2025/11 Initiative to expand No. of consolidated UIUX improvements UIUX improve
Slide 33: Digital Transformation of the Finance Business
Digital transformation of the finance business ✓Promoting digital transformation in the finance domain ahead of the industry to achieve a dramatic improvement in CX/EX FY24 FY25 FY26 Mortgage loan guarantees Mortgage loans Rent guarantee (scheduled to start in June 2026) Digitalized entire process,
Slide 34: Enhancing Corporate Value through Human Capital Investment
Enhancing Corporate Value through Human Capital Investment Transforming human capital into a driver of earnings growth, and achieving sustainable profit growth Meaning Model HR Wages Evaluations of work employees Recruitment HR utilization Policy Implementing a more consistent HR strategy by articul
Slide 35: Human Capital Metrics
Individual Organization Creating high value talent Enhancing engagement to (passionate talent) maximize organizational performance Investment in 174 Ratio of Female 26.1% Developing Talent (foundation for improving productivity) thousand yen per employee Managers *Target: Maintain 25.0% or higher (A
Slide 36: Agenda
AGENDA 01 Strategic Direction for Long-Term Growth 02 Main Business Strategies Global Business Payment Business Finance Business CSAX (Credit Saison AI Transformation) and Human Capital 03 FY25 Full-Year Financial Results 04 FY26 Earnings Forecast 36
Slide 37: Financial Results Digest
Financial Results Digest Net revenue 472.7 YoY 111.8％ billion yen FY25 Consolidated Business profit 101.9 YoY 108.9％ results billion yen Profit attributable to owners of parent 61.7 YoY 93.0％ billion yen ✓ Increased revenue and increased business profit due to performance growth at the non-consolida
Slide 38: Financial Summary
Financial Summary (billion yen) FY24 FY25 YoY Net revenue 422.8 472.7 111.8% Consolidated Business profit 93.6 101.9 108.9% Profit attributable to owners of parent 66.3 61.7 93.0% Operating revenue 310.0 343.8 110.9% Non-consolidated Operating profit 47.1 55.5 117.7% Ordinary profit 54.7 62.0 113.3％
Slide 39: Overview of Business Results by Segment
Overview of Business Results by Segment (billion yen) Net revenue Business profit or business loss (-) FY24 FY25 YoY FY24 FY25 YoY Payment 259.4 284.2 109.5% 31.4 33.2 105.5% Lease 13.3 14.7 110.8% 4.1 4.6 113.6% Finance 72.5 82.7 114.0% 38.9 47.3 121.5% Real estate related 28.2 31.2 110.5% 16.2 19.
Slide 40: Quarterly Trends and Key Topics
Business Profit or Loss by Segment Quarterly Trends and Key Topics (billion yen) FY24 Full-Year FY25 Full-Year 1Q 2Q 3Q 4Q （24/4-25/3） （25/4-26/3） （25/4-6） （25/7-9） （25/10-12） （26/1-3） Payment 31.4 33.2 12.2 6.1 14.0 0.7 Profit increased year-on-year due to growth in shopping transaction volume and
Slide 41: Contribution by Consolidated Companies
Contribution by Consolidated Companies ■ Business Profit Difference (billion yen) Consolidated Non-consolidated Difference business profit ordinary profit FY25 101.99 62.06 39.93 (Year-on-year 8.37 7.27 1.09 difference) (billion yen) ■ Contribution by Consolidated Companies Contribution to Year-on-y
Slide 42: Credit Risk [Consolidated]
Credit Risk [Consolidated] ■ Delinquency over 90 days (consolidated) (billion yen) 5.0% 6,000.0 60,000 Credit balance 4.0% 3.0% 3,000.0 30,000 2.0% 1.35% 1.41% 1.44% 1.49% 1.54% 1.58% 1.58% 1.59% 1.0% 0.0% 0 FY24-1Q FY24-2Q FY24-3Q FY24-4Q FY25-1Q FY25-2Q FY25-3Q FY25-4Q ■ Credit cost (consolidated)
Slide 43: Credit Risk [Non-Consolidated]
Credit Risk [Non-Consolidated] ■ Delinquency over 90 days (non-consolidated) Shopping Cash advances ✓ Credit balance increases and decreases due to quarterly fluctuations, Credit card total ✓ While the delinquent balance remains almost flat, the delinquency rate has while the delinquent balance rema
Slide 44: Interest Repayment Claims
Interest Repayment Claims Although unit processing costs remain The reversal amount of the allowance for above the level of the previous year, the number of new interest repayment losses continues to be overpayment cases is on a declining trend below that of the previous year ■ Trends in the Number
Slide 45: Financial Policy
Financial Policy ■ Sound financial base ■ Structure of interest-bearing debt Credit ratings • Almost 80% of the interest-bearing debt is composed of long- ・R＆I A+ Have maintained an A+ rating for over term funds 25 years since October 1996 • Fixed interest rate procurement accounts for about 70% of
Slide 46: Agenda
AGENDA 01 Strategic Direction for Long-Term Growth 02 Main Business Strategies Global Business Payment Business Finance Business CSAX (Credit Saison AI Transformation) and Human Capital 03 FY25 Full-Year Financial Results 04 FY26 Earnings Forecast 46
Slide 47: FY26 Earnings Forecast
FY26 Earnings Forecast (billion yen) FY25 FY26 Difference Key factors for YoY YoY Results (A) Forecast (B) (B-A) change Net revenue 472.7 507.5 34.7 107.3% Consolidated Business profit 101.9 110.0 8.0 107.8% ・Rebound from FY25 losses related to the sale of shares Profit attributable to owners of par
Slide 48: Forecasts by Segment
Forecasts by Segment (billion yen) Net revenue Business profit Key factors for FY25 Results FY26 Forecast YoY FY25 Results FY26 Forecast YoY YoY change Payment 284.2 287.4 101.1% 33.2 33.5 100.9% Lease 14.7 16.2 109.6% 4.6 4.8 102.8% Finance 82.7 94.5 114.2% 47.3 48.7 102.9% FY25 Real estate Rebound
Slide 49: Shareholder Returns
Shareholder Returns ✓ FY25: Expecting 130 yen per share, which marks a 5th consecutive year of dividend increases (in line with initial forecast) ✓ FY26 forecast: Expecting increased sales and profit, year-end dividend is expected to be 160 yen per share, an increase for the sixth consecutive year 1
Slide 50: Progress on Capital Policy
[Appendix] Progress on Capital Policy Details Announced in May 2024 Progress and Future Outlook Share Buybacks ・ Completed share buybacks totaling 70.0 billion yen of by October 1, 2025. Planned 70.0 billion yen of share (50.0 billion yen of which was completed by April 7, 2025) buybacks in the medi
Slide 51: External Recognition (Examples)
External Recognition (Examples) ■ ESG recognitions ■ IR website recognitions Selected as a constituent for Received both the Grand Prize and Silver Prize 5 out of the 6 ESG indices adopted by GPIF in two major site rankings Awarded for Silver Prize two consecutive (first win) years ■ DX recognitions
Slide 52: Investor Relations Integrated Report 2025
Investor Relations https://corporate.saisoncard.co.jp/en/ir/ https://corporate.saisoncard.co.jp/en/ir/ Integrated Report 2025 https://corporate.saisoncard.co.jp/en/ir/integrated_report/ https://corporate.saisoncard.co.jp/en/ir/integrated_report/ • This report uses "FY" to indicate fiscal years. For