Credit Saison Co., Ltd. TSE:8253
Credit Saison : FY2025 2Q Management Presentation
Source: MarketScreener
FY2025 2Q
Summary of Financial Results
November 14, 2025
Tokyo Stock Exchange Prime Market, Securities Code: 8253
AGENDA
Key Points from the Financial Results Overview of the First Half Financial Results Earnings Forecast
Capital Policy
Midpoint of the medium-term management plan
Future Directions for Main Businesses
Global Business Payment Business Finance Business
CSAX (Credit Saison AI Transformation)
2
AGENDA
Key Points from the Financial Results Overview of the First Half Financial Results Earnings Forecast
Capital Policy
Midpoint of the medium-term management plan
Future Directions for Main Businesses
Global Business Payment Business Finance Business
CSAX (Credit Saison AI Transformation)
3
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.
・Global business is solidifying its foundations for sustainable growth.
Implemented measures for Indonesia-related business
・Based on changes in the business environment and outlook, we have increased allowance for expected credit losses (ECL), based on changes in business environment and outlook. Most of the provisions are expected to be recorded within this fiscal year
※Conservatively, additional several hundred million yen included in 2H plan.
The impact on profits after next fiscal year is expected to be limited.
Progress exceeded planned target
Approx.
41.0
billion yen
45.0
billion yen
FY25
1H plan (internal)
FY25
1H Result
4
© 2025 CREDIT SAISON CO., LTD.
POINT
02
The business profit plan of 96.0 billion yen remains unchanged from the beginning of the fiscal year
・Steady growth in our core domestic businesses covers temporary losses in theGlobal Business.
・The Global Business has factored in risk elements this fiscal year and is building a foundation for profit growth from the next fiscal year onward.
POINT
03
Although the profit attributable to owners of parent plan was revised downward, the dividend forecast remains unchanged from the beginning of the fiscal year.
・Due to recording a special loss* that was not incorporated in the initial plan, Profit attributable to owners of parent is revised downward to 59.0 billion yen . (down 8.5 billion yen from the initial forecast)
*Special losses related to the sale of shares in affiliated companies recorded in the first half, as well as losses associated with the planned withdrawal from
the amusement business of Concerto Co., Ltd. in the second half.
・The dividend is expected to remain unchanged from the initial forecast at 130 yen per share.
© 2025 CREDIT SAISON CO., LTD.
Click here for Concerto's timely disclosure regarding its withdrawal from the amusement business.
5
AGENDA
Key Points from the Financial Results Overview of the First Half Financial Results Earnings Forecast
Capital Policy
Midpoint of the medium-term management plan
Future Directions for Main Businesses
Global Business Payment Business Finance Business
CSAX (Credit Saison AI Transformation)
6
FY2025 2Q Financial Results Digest
FY25 2Q
Consolidated Results
Net revenue | 228.1 billion yen | YoY116.2％ | |
Business profit | 45.0 billion yen | YoY112.5％ | |
Profit attributable to owners of parent | 27.3 billion yen | YoY96.2％ |
Sales and business profit increased, while interim profit decreased due to recognition of a loss related to the sale of shares in affiliated companies
By segment, the Payment Business and Finance Business continue to remain
solid. As for the Global Business, while the India business shifted to a recovery trend,
an additional allowance for doubtful accounts in the Indonesia business resulted in a decrease in profit for the Global Business as a whole.
7
© 2025 CREDIT SAISON CO., LTD.
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 | 132.4％ | |
Profit | 31.5 | 26.0 | 82.5% |
8
© 2025 CREDIT SAISON CO., LTD.
Overview of Business Results by Segment
Payment QoQ
While shopping revenue increased, variable costs such as advertising expenses and credit costs also rose.
Finance QoQ
An increase in applicable interest rates on variable-rate products and expanded profit
contributions from Saison Fundex and Suruga Bank.
(billion yen) Business profit or loss | FY24 1H | FY25 1H | |||
YoY | 1Q | 2Q | |||
Payment | 13.5 | 17.1 | 126.4% | 11.5 | 5.5 |
Lease | 2.1 | 2.2 | 104.9% | 1.0 | 1.1 |
Finance | 17.3 | 20.4 | 117.7% | 9.0 | 11.3 |
Real estate related | 7.0 | 8.8 | 125.0% | 1.8 | 6.9 |
Global | -0.5 | -4.6 | — | -0.8 | -3.8 |
Entertainment | 0.4 | 1.3 | 270.4% | 0.7 | 0.6 |
Total | 40.1 | 45.2 | 112.9% | 23.4 | 21.8 |
Intersegment transactions | -0.0 | -0.2 | — | -0.4 | 0.2 |
Consolidated | 40.0 | 45.0 | 112.5% | 22.9 | 22.0 |
© 2025 CREDIT SAISON CO., LTD.
(*1) 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 9
Real estate–related QoQ
・1Q:Due to a rebound from the previous fiscal year's gain on the sale of restructured business assets and the postponement of planned sales to the second half of the year.
・2Q:Recorded a higher-than-expected gain on the sale of restructured business assets.
Global QoQ
India shifted to a recovery trend,
and Brazil also progressed steadily; meanwhile, an additional allowance for doubtful accounts was recorded in Indonesia.
Business." Additionally, with the segment change, the segment information for FY24-2Q is displayed according to the revised reporting segment classification.
Contribution by Consolidated Companies
- Business Profit Difference
(billion yen)
Consolidated
Business Profit
Non-consolidated Ordinary
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 business profit | Year-on-year difference | Business description | ||
Major consolidated subsidiaries | SAISON FUNDEX CORPORATION | 8.10 | +2.17 | Real estate financing business, credit guarantee business, and personal loan business |
Saison Realty Group | 4.80 | +1.06 | Comprehensive real estate business | |
Concerto Inc. | 0.90 | +0.46 | Amusement operations business / real estate leasing business | |
Credit Saison Brazil Participações Ltda. | 0.88 | +0.25 | Digital lending business in Brazil | |
(Ref.) Kisetsu Saison Finance(India)Pvt. Ltd. | 0.30 | -2.13 | Digital lending business in India | |
Major equity method affiliates | Suruga Bank Ltd. | 3.26 | +0.48 | Banking |
HD SAISON Finance Co., Ltd. | 1.42 | -0.15 | Retail finance business in Vietnam | |
Takashimaya Financial Partners Co., Ltd. | 0.57 | +0.00 | Credit card business, insurance business, investment trust business, and trust business | |
Seven CS Card Service CO., LTD. | 0.52 | -0.07 | Credit card business |
10
© 2025 CREDIT SAISON CO., LTD.
AGENDA
Key Points from the Financial Results Overview of the First Half Financial Results Earnings Forecast
Capital Policy
Midpoint of the medium-term management plan
Future Directions for Main Businesses
Global Business Payment Business Finance Business
CSAX (Credit Saison AI Transformation)
11
FY25 Earnings Forecast
(billion yen)
FY24 Results | FY25 Initial Forecast (A) | FY25 Revised Forecast (B) | Differences (B-A) | YoY | ||
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 revenue | 310.0 | 342.5 | 342.5 | — | 110.5% | |
Non-consolidated | Operating profit | 47.1 | 48.5 | 55.0 | +6.5 | 116.6% |
Ordinary profit | 54.7 | 55.5 | 62.0 | +6.5 | 113.2% | |
Profit | 52.6 | 43.5 | 52.5 | +9.0 | 99.8% |
12
© 2025 CREDIT SAISON CO., LTD.
Business Profit Forecast by Segment
(billion yen)
FY24 Results | FY25 Forecast | ||||||
Excluding reversal of special allowance | 1H results | 2H plan | Full-year plan (revised) | Difference from initial plan | Full-year plan (revised) YoY | ||
Payment | 30.0 | 21.2 | 17.1 | 15.8 | 33.0 | +7.0 | 109.8% |
Lease | 4.1 | 4.0 | 2.2 | 1.7 | 4.0 | — | 97.3% |
Finance | 38.9 | 38.2 | 20.4 | 20.7 | 41.2 | +5.0 | 105.8% |
Real estate related | 16.2 | 16.2 | 8.8 | 8.6 | 17.5 | — | 107.5% |
Global | 3.3 | 3.3 | -4.6 | 3.6 | -1.0 | -12.0 | — |
Entertainment | 1.4 | 1.4 | 1.3 | 0.0 | 1.3 | — | 91.5% |
Consolidated | 93.6 | 84.0 | 45.0 | 50.9 | 96.0 | — | 102.5% |
Payment
Cost controls through progress in business structure reforms and growth in high-margin items such as revolving and installment
Finance
Higher applicable interest rates on variable-rate products and expanded profit contribution from Saison Fundex
Global
Measures not incorporated at the time the initial plan was formulated
・In 1Q, additional provisions of allowance for doubtful accounts due to special factors in India
・In 2Q, additional provisions of allowance for doubtful accounts in Indonesia-related businesses in light of changes in the business environment and outlook
© 2025 CREDIT SAISON CO., LTD.
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 the13
"Finance Business." Additionally, with the segment change, the segment information for FY24-2Q is displayed according to the revised reporting segment classification.
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 in receivables in the Indian business and the impact of the Indonesia business.
Shopping delinquency rate
3-month increase/decrease
-0.14%pt
+0.23%pt
+0.09%pt
+0.05%pt
Delinquency over 90 days (non-consolidated)
5.0%
Delinquency over 90 days (consolidated)
1.41%
1.44%
1.49%
1.54%
1.58%
Credit balance
(billion yen) 6,000.0
5.0%
Shopping
60,000
18,000
Cash advances Credit card total
Credit card business total credit balance
(billion yen) 1,800.0
4.0%
3.0%
2.0%
3,000.0
4.0%
3.0%
2.0%
3.12% 3.17%
2.13% 1.99%
3.26%
2.21%
3.31%
2.31%
3.34%
2.35%
12,000
1,200.0
30,000
1.0%
1.0%
1.99% 1.85% 2.08% 2.17%
2.22%
0.0%
700
(billion yen) 70.0
0
FY24-2Q FY24-3Q FY24-4Q FY25-1Q FY25-2Q
Credit cost (consolidated)
0.0%
500
61.7
(billion yen) 50.0
6,000
FY24-2Q FY24-3Q FY24-4Q FY25-1Q FY25-2Q
Credit cost (non-consolidated)
600.0
600
60.0
500
50.0
400
40.0
FY24 (cumulative) 43.3 billion yen
Excluding the impact of the special allowance (-9.5 billion yen): 52.8 billion
Impairment losses on
financial assets Reversal of
FY25 1H: 35.5 billion yen
21.0
40.0
53.9
（Up 14.8 billion yen YoY） Excluding special factors (*1, *2), up approx. 5.5 billion yen YoY
Impact from
53.9
61.7
300
30.0
FY24 (cumulative) 30.6 billion yen
Excluding the impact of the special allowance (-6.0 billion yen): 36.7 billion yen
Provision of allowance for
FY25 1H: 19.9 billion yen
（Up 4.5 billion yen YoY） Excluding special factors (*3), up approx. 1.6 billion yen YoY
38.0
40.0
300
30.0
200
20.0
special allowance
12.7
14.5
Indonesia: Approx.
4.7 billion yen*2
doubtful accounts
Reversal of special
allowance
10.6
100
100
10.0
12.0 8.6 9.8
10.0
9.2 6.2
7.6 7.4
9.3
9.2
9.1
-4.6
9.0
12.1
12.0
0
*1 -2.2
-2.6
-2.8 *3
-1.3
-1.8
-100
13.3
15.3
-10.0
FY24-1Q
(Apr.-Jun.)
FY24-2Q
(Jul.-Sep.)
FY24-3Q FY24-4Q FY25-1Q
(Oct.-Dec.) (Jan.-Mar.) (Apr.-Jun.)
FY25-2Q
(Jul.-Sep.)
FY25plan (initial)
FY25plan (revised)
-10.0
FY24-1Q
-100
14.5
(Apr.-Jun.)
FY24-2Q
(Jul.-Sep.)
FY24-3Q
(Oct.-Dec.)
FY24-4Q FY25-1Q
(Jan.-Mar.) (Apr.-Jun.)
FY25-2Q
9.3
9.2
(Jul.-Sep.)
FY25plan
10.6
(initial)
FY25plan
38.0
(revised)
14
© 2025 CREDIT SAISON CO., LTD.
Special allowance for future increases in delinquent loans, etc., based on the status of non-payment rates and postponed repayments
Level of provision
adequate at present
Interest Repayment Claims
FY23
Additional allocation for the future Consolidated and non-consolidated:
2.3 billion yen
Number of new claims and price per claim
(monthly averages)
Monitoring future trends
Balance of provision for loss on interest repayment
Number of new claims (claims)
Number of new claims
(monthly average)
150%
Price per claim
(year-on-year change)
100%
50%
0%
1,500
Price per claim
(year-on-year change)
(billion yen)
300
30.0
24.0
・Consolidated：1.5 billion yen
(year-on-year difference：-0.2 billion yen)
・Non-consolidated：1.3 billion yen
(year-on-year difference：-0.3 billion yen）
*Non-consolidated in ()
1,000
500
15.0
（22.4）
18.0
（16.7）
15.2
150
（14.2）
11.7
（10.8）
10.2
0
FY21 FY22 FY23 FY24 FY25-2Q
0
（9.5）
FY21 FY22 FY23 FY24 FY25-2Q
15
© 2025 CREDIT SAISON CO., LTD.
AGENDA
Key Points from the Financial Results Overview of the First Half Financial Results Earnings Forecast
Capital Policy
Midpoint of the medium-term management plan
Future Directions for Main Businesses
Global Business Payment Business Finance Business
CSAX (Credit Saison AI Transformation)
16
Progress on Capital Policy
Details Announced
Progress and Future Outlook
Share Buybacks Planned 70.0 billion yen of share buybacks in the medium-term management period (FY24-26)
・Completed 70.0 billion yen of share buybacks by October 1, 2025.
(50.0 billion yen of which was completed by April 7, 2025)
・Will continue to consider share buybacks after comprehensively considering factors such as the outlook for growth investments.
Reduce Cross-Shareholdings Reduction equivalent to 70% of cross-shareholdings in the medium-term management period (FY24-26)
・Progress rate on reductions: 61.8%
・Continue negotiations toward achieving the reduction target during the medium-term management period.
*As of September 30, 2025. Progress rate is calculated based on market value as of March 31, 2024.
*In the consolidated financial statements, these are accounted for as other comprehensive income, and therefore do not affect net income attributable to owners of the parent company.
17
© 2025 CREDIT SAISON CO., LTD.
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 per share: yen)
75.1%
130yen
68.4%
Total return ratio
31.4%
24.1%
19.5%
24.3%
105yen
23.2%
32.0%
25.1%
28.4%
Dividend payout ratio
Mid-term management
plan period
Aiming for a dividend payout ratio of at least 30%
120yen
45yen
55yen
70yen
150
100.2%
100
50
0
FY18 FY19 FY20 FY21 FY22 FY23 FY24
FY25予想
FY25 forecast
Profit attributable to owners of parent
30.5
billion yen
22.8
billion yen
36.1
billion yen
35.3
billion yen
43.5
billion yen
72.9
billion yen
66.3
billion yen
50.0
59.0
billion yen
20.0
Share buybacks 10.0
billion yen
billion yen 18
© 2025 CREDIT SAISON CO., LTD.
billion yen
AGENDA
Key Points from the Financial Results Overview of the First Half Financial Results Earnings Forecast
Capital Policy
Midpoint of the medium-term management plan
Future Directions for Main Businesses
Global Business Payment Business Finance Business
CSAX (Credit Saison AI Transformation)
19
Progress of the Medium-Term Management Plan
22002244//44--22002255//99
1sFt ihrsatlhfaolff omf itdh-etmeremdipumla-n
term management plan
2025/10-2027/3
Second half of the medium-
term management plan
Focus on expansion of the lending business, primarily in India
Defining key focus areas and incorporate risk elements into FY25
Establish a foundation for sustainable
growth beyond FY26
Business profit target of ¥20 billion for the Global Business is expected to be achieved 1-2 years later than the initial plan.
*Refer to the FY26 Global Business Profit Plan disclosed in May 2024
20
© 2025 CREDIT SAISON CO., LTD.
Global Business Overview
The business is expected to enter a recovery phase in the second half of the fiscal year.
Segment business profit
3.4
2Q (July-September)
・India returned to profitability
・Increased ECL allowance in Indonesia
-4.6
-2.0
-2.6
billion yen
3.6 billion yen
0.2
-1
-1.8
0.8
billion yen
Recognition of valuation losses and other factors related to investments
© 2025 CREDIT SAISON CO., LTD.
FY25 1st Half
FY25 2nd Half FY25 plan (revised)
plan
Lending Business
Credit Saison India - Turning into a Recovery
Business Profit
4.4
billion yen
4.7
billion yen
2Q (July–September) overview
Increase in ECL allowance due to special factors, etc.
-0.4
billion yen
0.7
billion yen
0.3
billion yen
～～ ～～
Receivable Balance: Continue to show steady growth
Credit Costs: Turned to a declining trend
・The additional provision required by the Reserve Bank of India (RBI) was completed as scheduled in 2Q.
(Note: This is reversed in the consolidated results.)
・Risks are controlled within the expected range through enhancement of credit models and review of product strategies
1Q 2Q 1stHalf 2nd Half Plan
Full Year revised plan
Credit costs are expected to decline in the second half
22
© 2025 CREDIT SAISON CO., LTD.
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
(billion Indian rupees)
Approx.
Approx.
200
Approx.
210
Branch lending
Actual results: as of 2Q2025
Off-balance sheet asset*
Approx.
180
billion INR
14％
23%
48%
188
billion INR
14%
24%
47%
billion INR
14%
24%
47%
billion INR
Embedded
Finance
15%
Branch Lending
30%
Partnerships Lending
Expanding number of branches to 95
Controlling risk and stable growth through expansion of secured segment
Embedded Finance
Number of partners : 13 companies
Maintaining stable growth through major &
new partnerships
Promote expansion with Direct Lending as a pillar of growth,
1.2%
1.2%
1.4%
Benchmark: below 2% (FY26)
37%
emphasizing both risk management and profitability
Gross Non Performing Asset Ratio
16%
15％
15%
Wholesale Lending
18%
Partnership Lending
Number of partners : 14 companies
Driving business growth with strong key partners
Maintaining stable growth with strong risk management
Wholesale Lending
Number of partners : 70 companies
Maintaining portfolio quality
Developing new partners and strengthening
risk management
FY24 FY25-1Q FY25-2Q FY25 Revised Plan
Approx.
JPY base
310
billion yen (End of period rate) (INR 1.75 yen)
Approx.
320
billion yen (INR 1.70 yen)
Approx.
330
billion yen (INR 1.68 yen)
Approx.
350
billion yen
(INR 1.68 yen )
23
© 2025 CREDIT SAISON CO., LTD.
＊Off-balance sheet asset: Credit Saison India sells loan receivables to financial institutions such as banks to improve asset and capital efficiency.
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 increase the share of secured loans from the current 14% to over 50% by Mar’28.
Accelerating business expansion by building a direct sales channel
in addition to customer acquisition through agents
Curb delinquencies in unsecured loans by reviewing product lineup and strengthening credit management from a risk management perspective
Number of branches Currently 95 → To 150+ in Mar’28
Receivables Balance of Branch Lending
In addition to expansion of existing partners, new partnerships with major domestic payment companies are expected to accelerate growth from 3Q
FY2025 2Q : 13 → FY2026 : 15+
30+ DPD (%)
Delinquency rate stabilized at expected level due to refined credit model
sized enterprises)
FY2024 FY20251Q FY20252Q FY2027 Plan
© 2025 CREDIT SAISON CO., LTD.
FY2025 1Q 2Q
2.4%
GNPA
0.8%
Growth Driver Following India
Credit Saison Brazil
Stable profit contribution
HD Saison (Vietnam)
Expanding the BtoBtoC lending model through partnerships with local fintech companies.
Continuing to steadily increase the balance while broadening
target areas and enhancing risk diversification.
With steady growth in new loan origination and supported by our expanding receivables balance and improving asset quality, the business has maintained profitability.
Contribution to business profit
0.88 billion yen (YoY difference:+0.25 billion yen)
Contribution to
business profit
1.42 billion yen (YoY difference:-0.15 billion yen)
Balance
Approx.
0.31
billion BRL
Approx.
0.43
billion BRL
Approx.
0.55
billion BRL
Lending Partners
Partner/Originator/Overview
A platform that provides digital credit to SMEs. Contributes to expanding working capital access and financing opportunities.
Receivables balance
18.3 trillion
VND
18.6 trillion
VND
19.3 trillion VND
JPY base
FY24 | FY25-1Q | FY25-2Q |
Approx. | Approx. | Approx. |
108.3 | 104.1 | 108.3 |
billion yen | billion yen | billion yen |
FY24 FY25-1Q FY25-2Q Providing earned wage access
JPY base
Approx.
8.0
billion yen
Approx.
11.3
billion yen
Approx.
15.4
billion yen
services to low-income workers, supporting improved financial health and reducing reliance on
（Quarter-end rate）
(VND 0.0059 yen) (VND 0.0056 yen)
(VND 0.0056 yen)
（Quarter-end rate） (BRL 25.97 yen) (BRL 26.44 yen)
© 2025 CREDIT SAISON CO., LTD.
(BRL 27.97 yen )
high-interest credit. 25
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 emergence of risk at some of our business partners
2015~
Credit Saison Indonesia
Partnered with local P2P lenders Loans mainly for small and medium enterprises (SMEs)
2022~
Julo Holdings
Unsecured loans to individuals through an App
2019~
Saison Investment Management
Finance to lending institutions
Credit losses are expected to increase by approx. 4.7 billion yen due to the
emergence of risks from market deterioration and other factors.
Expected to be largely completed in this fiscal year.
Conservatively, additional several hundred million yen included in the 2H plan
The impact on profits after next fiscal year is expected to be limited.
26
© 2025 CREDIT SAISON CO., LTD.
AGENDA
Key Points from the Financial Results Overview of the First Half Financial Results Earnings Forecast
Capital Policy
Midpoint of the medium-term management plan
Future Directions for Main Businesses
Global Business Payment Business Finance Business
CSAX (Credit Saison AI Transformation)
27
Progress of the Medium-Term Management Plan
2024/4-2025/9
First half of the medium-
term management plan
Establish a foundation for sustainable growth
Reduce costsUtilization of DX and AIImprove profitabilityPremium Strategy2025/10-2027/3
Second half of the medium-
term management plan
Achieve continued profit growth with a sustainable growth model
Premium Strategy
Further expand asset and non-asset revenues
Business-structure reform
through utilization of DX and AI
28
© 2025 CREDIT SAISON CO., LTD.
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
Approx.
25%
Approx.
45%
FY23-2Q FY24-2Q FY25-2Q
Premium Strategy | Our premium strategy is a strategy aimed at expanding from mass-market general cards with no annual fee to fee-based gold cards or higher, as well as to business cards and cards for sole proprietors and SMEs. *"Premium cards" refers to Gold cards and above for individuals plus cards for sole proprietors and SMEs. | Characteristics of premium cards | Compared with general cards: Shopping spend Revolving balance per customer / per account; activity rate balance-holding rate |
© 2025 CREDIT SAISON CO., LTD.
about our premium strategy and business domain expansion
Promotion of the premium strategy has also led to an expansion of revolving and installment payments
Card shopping revolving and installment balances
(billion yen)
111% 111% 111% 111%
111%
108% 109%
Revolving and installment revenue
(billion yen)
YoY
Installment
485.0
485.0
15.9
500.9
490.5
24.3
514.8
495.2
30.0
525.2
501.5
34.6
536.2
520.0
33.5
520.0
40.0
553.5
560.0
Began raising the revolving fee rate for Saison brand cards, and released our "Post-Purchase Revolving Payments" service
17.1
17.4
17.9
18.3
10.1
Card shopping revolving 474.9
14.5
24/9 24/12 25/3 25/6 25/9
FY25 plan
FY25計画
（期初 ）
(initial)
FY25 plan (revised)
FY24-2Q
(Jul.-Sep.)
FY24-3Q
(Oct.-Dec.)
FY24-4Q
FY24-2Q FY24-3Q FY24-4Q FY25-1Q FY25-2Q
(Jan.-Mar.)
FY25-1Q
(Apr.-Jul.)
FY25-2Q
(Jul.-Sep.)
© 2025 CREDIT SAISON CO., LTD.
Post-purchase revolving payments service: 30
FY25修正
（修正 ）
About 70% of users are non-revolving users (one-time payment users), and our aim is to upsell to revolving