Credit Saison : FY2025 3Q Financial Results

February 13, 2026

Company name: Credit Saison Co., Ltd. Stock exchange listing: Tokyo

URL: https://www.saisoncard.co.jp

Securities code: 8253

Representative: Katsumi Mizuno / Representative, Executive President and COO

Inquiries: Naoki Misaka / Executive Officer, In charge of Corporate Planning Dept., General Manager, Corporate Planning Dept.; Phone: +81-3-3988-2110

Scheduled date to commence dividend payments: -Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for institutional investors and analysts)

Note: All amounts are rounded down to the nearest million yen, unless otherwise noted.

1. Consolidated Financial Results for the Nine Months Ended December 31, 2025 (from April 1, 2025 to December 31,

   2025)

   1. Consolidated Operating Results (cumulative) (% represents year-on-year change)

      	Net revenue		Business	profit	Profit before tax		Profit		Profit attributable to owners of parent		Total comprehensive income
      Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      December 31, 2025	353,723	12.8	83,334	4.3	73,170	(10.5)	49,252	(15.7)	48,813	(15.3)	74,382	23.9
      December 31, 2024	313,450	16.6	79,934	30.0	81,742	(2.4)	58,395	(6.4)	57,609	(7.2)	60,015	(12.1)

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      December 31, 2025	335.09	334.77
      December 31, 2024	362.53	362.12

      (Note) Net revenue is an indicator calculated by deducting cost of sales from revenue. Business profit is a profit indicator defined by the Group to measure the performance of ordinary business operations.

   2. Consolidated Financial Position

   	Total assets	Total equity	Equity attributable to owners of parent	Ratio of equity attributable to owners of parent to total assets
   As of	Millions of yen	Millions of yen	Millions of yen	%
   December 31, 2025	4,941,445	754,473	740,227	15.0
   March 31, 2025	4,671,143	719,028	705,678	15.1

2. Cash Dividends

   	Annual dividends per share
   	End of first quarter	End of second quarter	End of third quarter	End of fiscal year	Total
   Fiscal year ended March 31, 2025 Fiscal year ending March 31, 2026	Yen - -	Yen 0.00 0.00	Yen - -	Yen 120.00	Yen 120.00
   Fiscal year ending March 31, 2026 (Forecast)				130.00	130.00

   (Note) Revision of projected dividends most recently announced: None

3. Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to March 31,

(% represents year-on-year change)

(Note) Revision of projected earnings forecasts most recently announced: None

1. Significant changes in the scope of consolidation during the period: None

2. Changes in accounting policies and changes in accounting estimates

   1. Changes in accounting policies required by IFRS: None

   2. Changes in accounting policies other than a. above: None

   3. Changes in accounting estimates: None

3. Number of shares issued (common shares)

   1. Number of shares issued at the end of the period (including treasury shares):

      As of December 31, 2025	185,444,772 shares
      As of March 31, 2025	185,444,772 shares

   2. Treasury shares at the end of the period:

      As of December 31, 2025	41,818,201 shares
      As of March 31, 2025	36,568,920 shares

   3. Average number of shares outstanding during the period (cumulative):

(Note) For shares of the Company held by affiliated companies accounted for using the equity method, the portion attributable to the Company is included in the number of treasury shares.

(Treasury shares at the end of the period: As of December 31, 2025 1,365,825 shares, as of March 31, 2025 1,647,742 shares)

• Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: None

• Proper use of earnings forecasts, and other special matters (Caution regarding forward-looking statements, etc.)

The forecasts indicated above are based on our future outlook as of the announcement date of these materials, assumptions that form the basis of plans, and predictions. Actual performance may differ from the projected results due to various factors.

(Means of obtaining supplementary material on financial results)

Supplementary material on financial results will be posted on the Company's website immediately after the announcement of the financial results.

1. Condensed Quarterly Consolidated Statements of Financial Position

   (Millions of yen)

   As of March 31, 2025 As of December 31, 2025

   Assets
   	Cash and cash equivalents	139,399	100,339
   	Trade and other receivables	3,615,701	3,905,952
   	Inventories	170,309	172,537
   	Operational investment securities	96,364	95,577
   	Investment securities	62,587	61,345
   	Other financial assets	44,436	67,602
   	Property, plant and equipment	29,253	24,779
   	Right-of-use assets	14,998	5,615
   	Intangible assets	127,125	116,532
   	Investment property	168,243	188,411
   	Investments accounted for using equity method	140,220	139,880
   	Deferred tax assets	40,117	34,848
   	Other assets	20,966	15,677
   	Assets held for sale	1,419	12,344
   Total	assets	4,671,143	4,941,445
   Liabilities and equity
   Liabilities
   Trade and other payables		283,171	301,649
   Financial guarantee liabilities		8,714	8,014
   Bonds and borrowings		3,404,400	3,609,997
   Other financial liabilities		19,811	36,591
   Income taxes payable		24,367	9,640
   Provision for point card certificates		132,627	136,775
   Provision for loss on interest repayment		11,794	9,710
   Other provisions		1,488	905
   Deferred tax liabilities		378	731
   Other liabilities		65,362	61,867
   Liabilities directly associated with assets held for sale		-	11,088
   Total liabilities		3,952,115	4,186,972
   Equity
   Share capital		75,929	75,929
   Capital surplus		93,947	93,424
   Retained earnings		602,903	639,700
   Treasury shares		(96,356)	(117,239)
   Other components of equity		29,254	48,412
   Total equity attributable to owners of parent		705,678	740,227
   Non-controlling interests		13,350	14,245
   Total equity		719,028	754,473
   Total liabilities and equity		4,671,143	4,941,445

2. Condensed Quarterly Consolidated Statements of Income

   (Millions of yen)

   		Nine months ended	Nine months ended
   		December 31, 2024	December 31, 2025
   Revenue
   Income from the payment business		183,475	203,631
   Income from the lease business		9,896	10,855
   Income from the finance business		52,869	62,315
   Revenue from the real estate-related business		57,837	56,967
   Revenue from the global business		33,938	43,640
   Revenue from the entertainment business		26,174	28,862
   Finance income		4,116	5,208
   	Total	368,308	411,482
   Cost of sales
   Cost of sales for the finance business		-	1,774
   Cost of sales for the real estate-related business		33,574	32,389
   Cost of sales for the entertainment business		21,283	23,594
   	Total	54,858	57,758
   Net revenue		313,450	353,723
   Selling, general and administrative expenses		188,195	197,554
   Impairment losses on financial assets		30,701	48,335
   Finance costs		27,780	37,385
   Gain arising from the derecognition of financial assets measured at amortized cost		613	819
   Share of profit of investments accounted for using equ method	ity 10,740		10,618
   Other income	4,456		3,988
   Other expenses	841		12,703
   Profit before tax	81,742		73,170
   Income tax expense	23,346		23,918
   Profit	58,395		49,252
   Profit attributable to
   Owners of parent	57,609		48,813
   Non-controlling interests	786		438
   Profit	58,395		49,252

   Earnings per share
   Basic earnings per share (Yen)	362.53	335.09
   Diluted earnings per share (Yen)	362.12	334.77

   Reconciliation from profit before tax to business profit

   (Millions of yen)

   	Nine months ended December 31, 2024	Nine months ended December 31, 2025
   Profit before tax	81,742	73,170
   Reconciliations (Share of profit of investments accounted for using equity method)	(219)	(110)
   Reconciliations (Other income)	(1,581)	(1,111)
   Reconciliations (Other expenses)	137	11,518
   Adjustments for the application of the effective interest method to financial assets	(144)	(133)
   Subtotal	(1,808)	10,163
   Business profit	79,934	83,334

3. Condensed Quarterly Consolidated Statements of Comprehensive Income

   (Millions of yen)

   Nine months ended December 31, 2024

   Nine months ended December 31, 2025

   Profit 58,395 49,252

   Other comprehensive income

1. Condensed Quarterly Consolidated Statements of Changes in Equity Nine months ended December 31, 2024

   (Millions of yen)

   	Equity attributable to owners of parent						Non-controlling interests	Total
   	Share capital	Capital surplus	Retained earnings	Treasury shares	Other components of equity	Total
   Balance as of April 1, 2024	75,929	93,178	542,602	(47,767)	41,110	705,053	12,558	717,611
   Profit			57,609			57,609	786	58,395
   Other comprehensive income					1,435	1,435	184	1,620
   Comprehensive income	-	-	57,609	-	1,435	59,044	971	60,015
   Purchase of treasury shares				(31,883)		(31,883)		(31,883)
   Share-based payment transactions		692		36		729		729
   Dividends			(17,288)			(17,288)	(108)	(17,397)
   Transfer from other components of equity to			11,696		(11,696)	-		-
   retained earnings Changes in ownership interest in subsidiaries		(94)			(1)	(96)	405	309
   Other		10				10		10
   Total transactions with owners	-	609	(5,592)	(31,846)	(11,697)	(48,528)	296	(48,231)
   Balance as of December 31, 2024	75,929	93,787	594,619	(79,613)	30,847	715,570	13,825	729,396

   Nine months ended December 31, 2025

   (Millions of yen)

   	Equity attributable to owners of parent						Non-controlling interests	Total
   	Share capital	Capital surplus	Retained earnings	Treasury shares	Other components of equity	Total
   Balance as of April 1, 2025	75,929	93,947	602,903	(96,356)	29,254	705,678	13,350	719,028
   Profit			48,813			48,813	438	49,252
   Other comprehensive income					25,205	25,205	(75)	25,129
   Comprehensive income	-	-	48,813	-	25,205	74,018	363	74,382
   Purchase of treasury shares				(21,543)		(21,543)		(21,543)
   Disposal of treasury shares		157		604		762		762
   Share-based payment transactions		383		56		440		440
   Dividends			(18,062)			(18,062)	(145)	(18,207)
   Transfer from other components of equity to			6,046		(6,046)	-		-
   retained earnings Changes in ownership interest in subsidiaries		(1,056)			(0)	(1,056)	677	(379)
   Other		(8)				(8)		(8)
   Total transactions with owners	-	(522)	(12,016)	(20,882)	(6,046)	(39,469)	532	(38,937)
   Balance as of December 31, 2025	75,929	93,424	639,700	(117,239)	48,412	740,227	14,245	754,473

2. Segment Information, Etc.

   1. General information regarding reportable segments

      The Group's reportable segments are components of the Group for which separate financial information is available, and which are subject to regular review by the Board of Directors for the purpose of making decisions about the allocation of management resource and assessing the segments' performance.

      The Company and its consolidated subsidiaries separately develop and conduct business activities that directly relate to their various customers, and that are mainly based on market and customer service offerings. In accordance with these considerations, the Group's reportable segments are classified by market and customer service offerings and comprise the "Payment," "Lease," "Finance," "Real Estate-Related," "Global" and "Entertainment" business segments.

      The Payment business segment mainly consists of the credit card business, which is the Group's major segment, and various peripheral businesses closely related to the credit card business.

      The Lease business segment operates the Group's leasing business which is centered on the leasing of office equipment. The Finance business segment consists of the credit guarantee business and the finance related business.

      The Real Estate-Related business segment comprises the real estate business and the real estate leasing business. The Global business segment operates the lending business and the investment business.

      In the Entertainment business, the Group is developing an amusement business centered on the management of amusement centers/arcades.

      From the three months ended June 30, 2025, to reflect the reorganization that was conducted in June 2025, the method of presenting the rent guarantee business, which was previously included in the Payment business segment, has changed, and it is now included in the Finance business segment.

      As a result of the above change, segment information for the nine months ended December 31, 2024 has been restated based on the reportable segments after the change.

   2. Information regarding profit or loss by reportable segments Nine months ended December 31, 2024

(Millions of yen)

Nine months ended December 31, 2025

(Millions of yen)

(Notes) 1. Business profit or loss is a profit indicator calculated by subtracting the adjustment amount by the application of the effective interest rate method for financial assets and the non-recurring one-time profit and loss items from the profit before tax.

2. Adjustments include inter-segment eliminations.

Breakdown of reconciliations from segment profit (business profit) to profit before tax

Nine months ended December 31, 2024

(Millions of yen)

Nine months ended December 31, 2025

Segment profit (Business profit) 79,934 83,334 Adjustments for the application of the effective interest

method to financial assets

Reconciliations (Share of profit of investments accounted for using equity method)

144 133

219 110

Loss recognized on the measurement to fair value less costs to sell the disposal group held for sale

Loss associated with sale of shares of subsidiaries and associates

- (5,842)

- (2,659)