Credit Saison Co., Ltd. · TSE:8253
Credit Saison — Q2 FY2025 Earnings Presentation
56 slides from Credit Saison's earnings presentation, Nov 14, 2025
Slide 1: FY2025 2Q Summary of Financial Results
FY2025 2Q Summary of Financial Results November 14, 2025 Tokyo Stock Exchange Prime Market, Securities Code: 8253
Slide 2: Agenda
AGENDA 01 Key Points from the Financial Results 02 Overview of the First Half Financial Results 03 Earnings Forecast 04 Capital Policy 05 Future Directions for Main Businesses Midpoint of the medium-term management plan Global Business Payment Business Finance Business CSAX (Credit Saison AI Transfo
Slide 3: Agenda
AGENDA 01 Key Points from the Financial Results 02 Overview of the First Half Financial Results 03 Earnings Forecast 04 Capital Policy 05 Future Directions for Main Businesses Midpoint of the medium-term management plan Global Business Payment Business Finance Business CSAX (Credit Saison AI Transfo
Slide 4: Key Points of the Financial Results
Key Points of the Financial Results POINT 01 First-half consolidated business profit: 45.0 billion yen ( YoY 112.5% ) ・Credit Saison’s domestic business, including payment and finance businesses, continues to perform strongly. ・India business in the global business have shifted to a recovery trend.
Slide 5: Business profit plan unchanged; dividend forecast unchanged
POINT The business profit plan of 96.0 billion yen remains 02 unchanged from the beginning of the fiscal year ・Steady growth in our core domestic businesses covers temporary losses in the Global Business. ・The Global Business has factored in risk elements this fiscal year and is building a foundatio
Slide 6: Agenda
AGENDA 01 Key Points from the Financial Results 02 Overview of the First Half Financial Results 03 Earnings Forecast 04 Capital Policy 05 Future Directions for Main Businesses Midpoint of the medium-term management plan Global Business Payment Business Finance Business CSAX (Credit Saison AI Transfo
Slide 7: FY2025 2Q Financial Results Digest
FY2025 2Q Financial Results Digest Net revenue 228.1 YoY 116.2％ billion yen FY25 2Q Consolidated Business profit 45.0 YoY 112.5％ billion yen Results Profit attributable to 27.3 YoY 96.2％ owners of parent billion yen ✓ Sales and business profit increased, while interim profit decreased due to recogni
Slide 8: Financial Summary
Financial Summary (billion yen) FY24 1H FY25 1H YoY Net revenue 196.3 228.1 116.2% Consolidated Business profit 40.0 45.0 112.5% Profit attributable to owners of parent 28.4 27.3 96.2% Operating revenue 147.5 167.8 113.8% Non- consolidated Operating profit 20.9 28.8 137.8% Ordinary profit 25.3 33.5
Slide 9: Overview of Business Results by Segment
Overview of Business Results by Segment (billion yen) FY24 1H FY25 1H Payment QoQ Business profit or loss While shopping revenue increased, variable costs YoY 1Q 2Q such as advertising expenses and credit costs also rose. Payment 13.5 17.1 126.4% 11.5 5.5 Finance QoQ Lease 2.1 2.2 104.9% 1.0 1.1 An
Slide 10: Contribution by Consolidated Companies
Contribution by Consolidated Companies ■ Business Profit Difference (billion yen) Consolidated Non-consolidated Ordinary Business Profit Profit Difference FY25-2Q 45.01 33.54 11.46 (Year-on-year difference) 5.00 8.20 -3.20 ■ Contribution by Consolidated Companies (billion yen) Contribution to Year-o
Slide 11: Agenda
AGENDA 01 Key Points from the Financial Results 02 Overview of the First Half Financial Results 03 Earnings Forecast 04 Capital Policy 05 Future Directions for Main Businesses Midpoint of the medium-term management plan Global Business Payment Business Finance Business CSAX (Credit Saison AI Transfo
Slide 12: FY25 Earnings Forecast
FY25 Earnings Forecast (billion yen) FY24 FY25 Initial FY25 Revised Differences Results Forecast (A) YoY Forecast (B) (B-A) Net revenue 422.8 479.0 473.5 -5.5 112.0% Consolidated Business profit 93.6 96.0 96.0 － 102.5% Profit attributable to owners of parent 66.3 67.5 59.0 -8.5 88.9% Operating reven
Slide 13: Business Profit Forecast by Segment
Business Profit Forecast by Segment (billion yen) FY24 Results FY25 Forecast ＜ Key points of the full-year plan revision> Excluding Full-year Difference Full-year reversal of 1H 2H plan Payment special plan from initial results plan (revised) plan (revised) Cost controls through progress in business
Slide 14: Credit Risk
Credit Risk ✓ [Non-consolidated] The shopping receivables 90+ days delinquency rate: The increase over the past three months has remained below 0.1%. *Delinquency rates typically decline in the third quarter due to seasonal balance growth ✓ [Consolidated] Credit costs: Increased due to an increase i
Slide 15: Interest Repayment Claims
Interest Repayment Claims FY23 Additional allocation for the future Level of provision Monitoring future trends Consolidated and non-consolidated: adequate at present 2.3 billion yen ■ Number of new claims and price per claim ■Balance of provision for loss on interest repayment (monthly averages) <P
Slide 16: Agenda
AGENDA 01 Key Points from the Financial Results 02 Overview of the First Half Financial Results 03 Earnings Forecast 04 Capital Policy 05 Future Directions for Main Businesses Midpoint of the medium-term management plan Global Business Payment Business Finance Business CSAX (Credit Saison AI Transfo
Slide 17: Progress on Capital Policy
Progress on Capital Policy Details Announced Progress and Future Outlook ・Completed 70.0 billion yen of share buybacks by Share Buybacks 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 medium-term ・Will continue to conside
Slide 18: Shareholder Returns
Shareholder Returns ✓ In the mid-term management plan (FY24-26), we are maintaining a policy of stable and consistent dividends, with a target dividend payout ratio of at least 30% ✓ The FY25 forecast calls for a year-end dividend of 130 yen per share, in line with the initial forecast (Dividends pe
Slide 19: Agenda
AGENDA 01 Key Points from the Financial Results 02 Overview of the First Half Financial Results 03 Earnings Forecast 04 Capital Policy Midpoint of the medium-term management plan 05 Future Directions for Main Businesses Global Business Payment Business Finance Business CSAX (Credit Saison AI Transfo
Slide 20: Progress of the Medium-Term Management Plan
Progress of the Medium-Term Management Plan 2024/4-2025/9 2024/4-2025/9 2025/10-2027/3 1stFirst halfhalf of of the medium- mid-term plan Second half of the medium- term management plan term management plan • Defining key focus areas and incorporate Focus on expansion of the lending risk elements int
Slide 21: Global Business Overview
Global Business Overview ✓ The business is expected to enter a recovery phase in the second half of the fiscal year. ■Segment business profit 3.6 billion yen 2Q (July-September) 0.2 ・ India returned to profitability ・Increased ECL allowance in Indonesia -1 -4.6 3.4 billion yen billion yen 0.8 -1.8 -
Slide 22: Credit Saison India - Turning into a Recovery
Credit Saison India - Turning into a Recovery ■Business Profit 4.7 4.4 billion yen billion yen 2Q (July–September) overview Increase in ECL allowance due to Receivable Balance: Continue to show steady growth special factors, etc. 0.7 Credit Costs: Turned to a declining trend billion yen ～～ 0.3 ・The
Slide 23: Credit Saison India - Steady Growth in Receivables Balance
Credit Saison India - Steady Growth in Receivables Balance ✓ Continue to focus on direct lending, aiming for 50% of the total balance of receivables ■Trends in receivables balance Approx. Actual results: as of 2Q2025 Approx. (billion Indian rupees) Approx. 200 210 Branch lending Approx. 180 188 bill
Slide 24: Further strengthening of direct lending
Credit Saison India: Further strengthening of direct lending ✓ Branch Lending: Accelerating the expansion of secured assets to establish a stable revenue base ✓ Embedded Finance: Maintaining growth through disciplined risk control and new partnerships Branch Lending Embedded Finance ✓ Aiming to incr
Slide 25: Credit Saison Brazil and HD Saison (Vietnam)
Growth Driver Following India Stable profit contribution Credit Saison Brazil HD Saison (Vietnam) ✓ Expanding the BtoBtoC lending model through partnerships ✓ With steady growth in new loan origination and supported by with local fintech companies. our expanding receivables balance and improving ass
Slide 26: Business Development and Risk Response in Indonesia
Business Development and Risk Response in Indonesia ✓ We have started our lending business since 2015, mainly through partnerships with major local Fintech partners ✓ There has been a significant increase in allowance for expected credit losses due to deterioration in the P2P lending market and the
Slide 27: Agenda
AGENDA 01 Key Points from the Financial Results 02 Overview of the First Half Financial Results 03 Earnings Forecast 04 Capital Policy Midpoint of the medium-term management plan 05 Future Directions for Main Businesses Global Business Payment Business Finance Business CSAX (Credit Saison AI Transfo
Slide 28: Progress of the Medium-Term Management Plan
Progress of the Medium-Term Management Plan 2024/4-2025/9 2025/10-2027/3 First half of the medium- Second half of the medium- term management plan term management plan Establish a foundation Achieve continued profit growth for sustainable growth with a sustainable growth model Reduce costs ✓ Premium
Slide 29: Improving Profitability through Our Premium Strategy
Improving Profitability through Our Premium Strategy ✓ By promoting our premium strategy, we have improved per-member profitability ⇒ Establishing revenue power that does not depend on the number of members ■ Share of premium cards among active members ■ Share of premium cards in transaction volume
Slide 30: Premium strategy expanding revolving and installment payments
Promotion of the premium strategy has also led to an expansion of revolving and installment payments ■ Card shopping revolving and installment balances ■Revolving and installment revenue (billion yen) (billion yen) 111% 111% 111% 111% 111% 108% 109% YoY Began raising the 18.3 revolving fee rate for
Slide 31: Strengthening Cash Advances
To the Next Stage of our Premium Strategy Strengthening Cash Advances ■ Cash advance balance (billion yen) In the medium term, 102% 101% 100% 100% 100% 101% 101% aiming for approx. YoY 110% YoY growth 180.0 180.0 Flexibly responding to a wide 179.1 178.1 178.3 177.6 range of customer lending needs 1
Slide 32: Further Improve Profitability by Revising Fee Design
Establish a Revenue Base through our Premium Strategy Further Improve Profitability by Revising Fee Design Operating revenue More than Payment Business + 10% operating revenue (non-consolidated) New services / product revisions ・ Raised the revolving fee rate ・ Revised annual fee for Platinum AMEX f
Slide 33: Improving Business Profit Margin through Business Restructuring
In Parallel with Enhancing Profitability, Improving Business Profit Margin through Business Restructuring ■Payment Business Cost Trends *Non-consolidated ✓ By using DX and AI to thoroughly review our operations, we are reallocating personnel to growth businesses and reducing temporary employment. 20
Slide 34: Expanding Our Premium Strategy through Collaborations with Partners
Expanding Our Premium Strategy through Collaborations with Partners Multi-layered customer Introduction of higher-tier Promoting usage as a primary card engagement through fan culture cards for partner companies Encouraging partner card members to hold both their existing card and a premium card Pro
Slide 35: Initiatives with Suruga Bank
Expansion our Premium Strategy through Collaboration with Partners Initiatives with Suruga Bank From 2025 Neo Finance Solution Company Digital banking services Non-Bank × Bank Provide unique financial solutions utilizing both companies’ retail From 2023 From 2024 bases Finance domain Payment domain
Slide 36: Agenda
AGENDA 01 Key Points from the Financial Results 02 Overview of the First Half Financial Results 03 Earnings Forecast 04 Capital Policy Midpoint of the medium-term management plan 05 Future Directions for Main Businesses Global Business Payment Business Finance Business CSAX (Credit Saison AI Transfo
Slide 37: Progress of the Medium-Term Management Plan
Progress of the Medium-Term Management Plan 2024/4-2025/9 2025/10-2027/3 First half of the medium- Second half of the medium- term management plan term management plan Stable Profit Growth Improved Capital Efficiency ✓ Expansion of the Guarantee Business through off-balance sheet businesses, ✓ Growt
Slide 38: Guarantee Business
Guarantee Business The secured loan area is driving the accumulation of balances ■ Guarantee business balance Credit Guarantees (Real Estate Secured Loans) (billion yen) (for SMEs, sole proprietors, and individuals) 1,200.0 12,000 ✓ Strengthening sales expansion into major regional metropolitan area
Slide 39: Real Estate Finance Business
Real Estate Finance Business Steady growth in balances Real estate secured loans / project loans ■ Real estate finance business balance (billion yen) ・ For SMEs, sole proprietors, and individuals / Loans with selectable uses such as real estate investment 1,200.0 12,000 and fundraising ・ Procurement
Slide 40: Combining Payments and Finance: Real Estate Security Tokens
Combining Payments and Finance: Real Estate Security Tokens ✓ The first real estate security token from a card company "Saison Smart Real Estate Investment" launched in April 2025 Results from the first project No. of Approx. No. of Approx. Purchase Approx. registered users (actual) 7,500 people pur
Slide 41: Enhancing competitiveness through digitalization
Enhancing competitiveness through digitalization Industry Full automation and automatic response End-to-end digitalization from application first & for preliminary screening fastest receipt to screening result notification Prelim. review: 3 days → as little as 15 min. Reduced total processing time b
Slide 42: Agenda
AGENDA 01 Key Points from the Financial Results 02 Overview of the First Half Financial Results 03 Earnings Forecast 04 Capital Policy Midpoint of the medium-term management plan 05 Future Directions for Main Businesses Global Business Payment Business Finance Business CSAX (Credit Saison AI Transfo
Slide 43: DX Progress
DX Progress ✓ The CSDX (Credit Saison Digital Transformation) strategy, launched in 2019, has generated multifaceted results. Cumulative reduction in In-house development Reduction in paper work hours team members consumption 1.61 million hours 3→200 102t In-house Cloud utilization rate production 8
Slide 44: September 2025: Launch of the CSAX strategy
September 2025: Launch of the CSAX strategy *Credit Saison AI Transformation ✓ Going forward, we will evolve into an AX (AI Transformation) strategy centered on AI. ✓ We will redesign the work of each business division and employee based on AI, with the aim of making all employees into AI workers. ・
Slide 45: CSAX Target2027
CSAX Target2027 Click here for materials and videos from the CSAX (Credit Saison AI Transformation) strategy briefing. Click here for materials and videos from the CSAX (Credit Saison AI Transformation) strategy briefing. 45 © 2025 CREDIT SAISON CO., LTD.
Slide 46: Solidifying our Foundation This FY to Leap Forward from Next FY Onwards
Strengthen Revenue Base of our Domestic Businesses, And Clarify Priority Areas in the Global Business: Solidifying our Foundation This FY to Leap Forward from Next FY Onwards ■ Consolidated business profit More than 2030 93.6 100.0 billion yen 96.0 billion yen GLOBAL NEO FINANCE COMPANY (incl. rever
Slide 47: Appendix
Appendix. © 2025 CREDIT SAISON CO., LTD. 47
Slide 48: Credit Saison India: Business Model
Global Business Credit Saison India: Business Model ✓ Reducing credit costs by setting collateral for receivables and utilizing guarantee schemes with partners Wholesale Partnership Embedded Branch Business Model Lending Lending Finance Lending Unsecured Secured Loans through tech enabled Loans to l
Slide 49: Credit Saison India: Accelerating Funding Diversification
Global business Credit Saison India: Accelerating Funding Diversification ✓ Leveraging AAA credit rating in India, we have accelerated the diversification and expansion of financing methods from financial institutions →Number of partner institutions has increased to about 60 ✓ ECB loan started this
Slide 50: Enhancing profitability through the premium strategy
Enhancing profitability through Payment Business Reposting of FY24 the premium strategy financial results briefing materials ■ Breakdown of card shopping revenue *FY24 results Among active cardholders, Other Premium the approx. 20% who are premium members (General cards) cards account for approx. 45
Slide 51: Characteristics of the business domains targeted by our company
Payment Business Characteristics of the business domains targeted Reposting of FY24 by our company financial results briefing materials ✓プレミアム戦略 Enhancing profitability by focusing on the sole proprietor and SME segments as our main targets ■ Business Card Segments Where We Focus Our Efforts Main us
Slide 52: Overview of Business Results by Segment
Overview of Business From FY25-1Q, due to organizational restructuring conducted in June 2025, the rent guarantee business previously included in the "Payment Business" has been changed to the "Finance Business." Additionally, with the segment change, the Results by Segment segment information for F
Slide 53: Overview of Business Results by Segment
Overview of Business From FY25-1Q, due to organizational restructuring conducted in June 2025, the rent guarantee business previously included in the "Payment Business" has been changed to the "Finance Business." Additionally, with the segment change, the Results by Segment segment information for F
Slide 54: Financial Policy
Financial Policy ■ Sound financial base ■ Structure of interest-bearing debt Credit Rating • Almost 80% of the interest-bearing debt is composed of long- ・R＆I A+ * Have maintained an “A+” rating for more term funds than 25 years since October 1996 • Fixed interest rate procurement accounts for about
Slide 55: External Recognition (Examples)
External Recognition (Examples) ■ESG recognitions ■IR website recognitions Selected as a constituent for Received both the Grand Prize and Bronze Prize 5 out of the 6 ESG indices adopted by GPIF in two major site rankings First selected First selected in 2024 in 2024 ■DX recognitions Recognized for
Slide 56: 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