Credit Saison : FY2025 Financial Results

May 15, 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: Masashi Miyawaki / General Manager, Corporate Planning Dept.; Phone: +81-3-3988-2110

Scheduled date of ordinary general meeting of shareholders: June 17, 2026 Scheduled date to commence dividend payments: June 18, 2026 Scheduled date to file annual securities report: June 16, 2026 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 Fiscal Year Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

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

      	Net revenue		Business profit		Profit before tax		Profit		Profit attributable to owners of parent		Total comprehensive income
      Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      March 31, 2026	472,770	11.8	101,999	8.9	91,190	(1.7)	63,595	(5.6)	62,751	(5.5)	97,020	46.5
      March 31, 2025	422,818	16.9	93,621	30.1	92,786	(5.3)	67,350	(8.1)	66,397	(9.0)	66,220	(29.8)

      	Basic earnings per share	Diluted earnings per share	Return on equity attributable to owners of parent	Profit before tax/total assets	Business profit/net revenue
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2026	432.17	431.65	8.6	1.9	21.6
      March 31, 2025	423.02	422.19	9.4	2.1	22.1

      (Reference) Share of profit (loss) of investments accounted for using equity method For the fiscal year ended March 31, 2026 12,768 million yen For the fiscal year ended March 31, 2025 13,030 million yen

      (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	Equity attributable to owners of parent per share
      As of	Millions of yen	Millions of yen	Millions of yen	%	Yen
      March 31, 2026	4,953,204	776,564	761,657	15.4	5,303.12
      March 31, 2025	4,671,143	719,028	705,678	15.1	4,740.04

   3. Consolidated Cash Flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
   March 31, 2026	(137,657)	(25,970)	140,092	113,654
   March 31, 2025	(249,174)	(15,252)	297,251	139,399

2. Cash Dividends

   	Annual dividends per share					Total cash dividends (Full year)	Payout ratio (Consolidated)	Ratio of dividends to equity attributable to owners of parent (Consolidated)
   	End of first quarter	End of second quarter	End of third quarter	End of fiscal year	Total
   Fiscal year ended March 31, 2025	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   	-	0.00	-	120.00	120.00	18,062	28.4	2.7
   Fiscal year ended March 31, 2026	-	0.00	-	130.00	130.00	18,849	30.1	2.6
   Fiscal year ending March 31, 2027 (Forecast)	-	0.00	-	160.00	160.00		30.4

3. Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2027 (from April 1, 2026 to March 31,

(% represents year-on-year change)

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 March 31, 2026	185,444,772 shares
      As of March 31, 2025	185,444,772 shares

   2. Treasury shares at the end of the period:

      As of March 31, 2026	41,820,533 shares
      As of March 31, 2025	36,568,920 shares

   3. Average number of shares outstanding during the period:

      Fiscal year ended March 31, 2026	145,199,977 shares
      Fiscal year ended March 31, 2025	156,962,432 shares

      (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 March 31, 2026 1,368,074 shares, as of March 31, 2025 1,647,742 shares)

      Reference: Summary of Non-Consolidated Financial Results

      1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

         1. Non-consolidated Operating Results (% represents year-on-year change)

            	Operating revenue		Operating profit		Ordinary profit		Profit
            Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
            March 31, 2026	343,857	10.9	55,536	17.7	62,061	13.3	54,811	4.2
            March 31, 2025	310,066	9.2	47,181	24.6	54,783	18.7	52,617	46.5

            (Reference) Volume of new contracts

            For the fiscal year ended March 31, 2026 11,448,027 million yen For the fiscal year ended March 31, 2025 10,888,205 million yen

            	Earnings per share	Earnings per share (diluted)
            Fiscal year ended	Yen	Yen
            March 31, 2026	373.80	-
            March 31, 2025	331.84	-

         2. Non-consolidated Financial Position

         	Total assets	Net assets	Equity ratio	Net assets per share
         As of	Millions of yen	Millions of yen	%	Yen
         March 31, 2026	4,223,468	528,611	12.5	3,645.79
         March 31, 2025	4,111,773	507,540	12.3	3,371.83

         (Reference) Equity

         As of March 31, 2026 528,611 million yen

         As of March 31, 2025 507,540 million yen

      2. Non-consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

         (% represents year-on-year change)

         	Operating revenue		Operating profit		Ordinary profit		Profit		Earnings per share
         Fiscal year ending March 31, 2027	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
         	364,500	6.0	59,500	7.1	66,000	6.3	44,000	(19.7)	303.46

         • This consolidated financial results for the fiscal year ended March 31, 2026 are exempt from audit conducted by certified public accountants or an audit corporation.

         • 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.

      3. Consolidated Financial Statements
         1. Consolidated Statements of Financial Position

            (Millions of yen)

            As of March 31, 2025 As of March 31, 2026

            Assets
            	Cash and cash equivalents	139,399	113,654
            	Trade and other receivables	3,615,701	3,865,302
            	Inventories	170,309	176,379
            	Operational investment securities	96,364	102,246
            	Investment securities	62,587	58,643
            	Other financial assets	44,436	82,076
            	Property, plant and equipment	29,253	25,055
            	Right-of-use assets	14,998	6,636
            	Intangible assets	127,125	114,657
            	Investment property	168,243	193,593
            	Investments accounted for using equity method	140,220	143,658
            	Deferred tax assets	40,117	35,285
            	Other assets	20,966	22,248
            	Assets held for sale	1,419	13,766
            Total	assets	4,671,143	4,953,204
            Liabilities and equity
            Liabilities
            Trade and other payables		283,171	289,427
            Financial guarantee liabilities		8,714	8,554
            Bonds and borrowings		3,404,400	3,582,846
            Other financial liabilities		19,811	44,151
            Income taxes payable		24,367	14,370
            Provision for point card certificates		132,627	137,157
            Provision for loss on interest repayment		11,794	8,986
            Other provisions		1,488	929
            Deferred tax liabilities		378	1,262
            Other liabilities		65,362	77,818
            Liabilities directly associated with assets held for sale		-	11,135
            Total liabilities		3,952,115	4,176,640
            Equity
            Share capital		75,929	75,929
            Capital surplus		93,947	92,607
            Retained earnings		602,903	654,000
            Treasury shares		(96,356)	(117,285)
            Other components of equity		29,254	56,405
            Total equity attributable to owners of parent		705,678	761,657
            Non-controlling interests		13,350	14,906
            Total equity		719,028	776,564
            Total liabilities and equity		4,671,143	4,953,204

            (2) Consolidated Statements of Income
            			(Millions of yen)
            		FY2024	FY2025
            		(April 1, 2024 to March 31, 2025)	(April 1, 2025 to March 31, 2026)
            Revenue
            Income from the payment business		248,315	270,726
            Income from the lease business		13,344	14,780
            Income from the finance business		73,652	84,458
            Revenue from the real estate-related business		67,536	70,987
            Revenue from the global business		48,206	59,611
            Revenue from the entertainment business		35,438	38,623
            Finance income		5,744	7,084
            	Total	492,238	546,271
            Of which, interest income	(Note)	186,866	215,841
            Cost of sales
            Cost of sales for the finance business		1,110	1,774
            Cost of sales for the real estate-related business		39,536	40,129
            Cost of sales for the entertainment business		28,773	31,597
            	Total	69,419	73,501
            Net revenue		422,818	472,770
            Selling, general and administrative expenses	261,698		274,260
            Impairment losses on financial assets	43,283		62,424
            Finance costs	39,770		51,090
            Gain arising from the derecognition of financial assets measured at amortized cost	662		811
            Share of profit of investments accounted for using equity method	13,030		12,768
            Other income	5,304		5,210
            Other expenses	4,275		12,595
            Profit before tax	92,786		91,190
            Income tax expense	25,435		27,595
            Profit	67,350		63,595

            Profit attributable to
            Owners of parent	66,397		62,751
            Non-controlling interests	952		844
            Profit	67,350		63,595
            Earnings per share
            Basic earnings per share (Yen)	423.02		432.17
            Diluted earnings per share (Yen)	422.19		431.65

            (Note) Pursuant to IFRS 9 "Financial Instruments," interest income is calculated using the effective interest method.

            Reconciliation from profit before tax to business profit

            (Millions of yen)
            	FY2024 (April 1, 2024 to March 31, 2025)	FY2025 (April 1, 2025 to March 31, 2026)
            Profit before tax	92,786	91,190
            Reconciliations (Share of profit of investments accounted for using equity method)	(240)	(126)
            Reconciliations (Other income)	(1,902)	(1,780)
            Reconciliations (Other expenses)	3,043	11,099
            Adjustments for the application of the effective interest method to financial assets	(65)	1,615
            Subtotal	835	10,808
            Business profit	93,621	101,999

            (3) Consolidated Statements of Comprehensive Income
            		(Millions of yen)
            	FY2024	FY2025
            	(April 1, 2024 to March 31, 2025)	(April 1, 2025 to March 31, 2026)
            Profit	67,350	63,595

            Other comprehensive income

Items that will not be reclassified to profit or loss

1. Consolidated Statements of Changes in Equity FY2024 (April 1, 2024 to March 31, 2025)

(Millions of yen)

(Millions of yen)

(Millions of yen)

1. 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 current fiscal year, 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 previous fiscal year has been restated based on the reportable segments after the change.

      Additionally, due to the transfer of the amusement business, the Company plans to eliminate the Entertainment business segment and consolidate it into the Payment business segment from the beginning of the next fiscal year.

   2. Information regarding profit or loss by reportable segments

For the fiscal year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)

(Millions of yen)

For the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)

(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

FY2024

(April 1, 2024 to

March 31, 2025)

(Millions of yen)

FY2025

(April 1, 2025 to

March 31, 2026)

Segment profit (Business profit) 93,621 101,999 Adjustments for the application of the effective interest

method to financial assets

65 (1,615)

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

- (5,118)

- (2,659)

1. Non-Consolidated Financial Statements
   1. Non-Consolidated Balance Sheets

      		(Millions of yen)
      As of March 31, 2025		As of March 31, 2026
      Assets
      Current assets
      Cash and deposits	75,827	61,441
      Accounts receivable - installment	1,507,320	1,496,165
      Operating loans	1,152,180	1,149,641
      Investments in leases	301,295	330,101
      Operational investment securities	75,607	80,346
      Merchandise	104	3,909
      Supplies	2,275	1,959
      Prepaid expenses	2,914	3,196
      Short-term loans receivable from subsidiaries and associates	542,522	636,785
      Current portion of long-term loans receivable	-	76
      Current portion of long-term loans receivable from subsidiaries and associates	-	3,582
      Accounts receivable - other	39,473	47,829
      Other	12,724	13,254
      Allowance for doubtful accounts	(41,747)	(44,312)
      Total current assets	3,670,501	3,783,977
      Non-current assets
      Property, plant and equipment
      Buildings, net	5,269	5,443
      Vehicles, net	0	0
      Equipment, net	2,156	1,625
      Land	6,643	6,641
      Leased assets, net	16	4
      Construction in progress	225	326
      Total property, plant and equipment	14,312	14,041
      Intangible assets
      Software	110,082	96,457
      Software in progress	1,782	4,689
      Other	277	283
      Total intangible assets	112,142	101,430
      Investments and other assets
      Investment securities	53,724	53,663
      Shares of subsidiaries and associates	168,658	182,643
      Investments in other securities of subsidiaries and associates	3,653	2,578
      Investments in capital	0	0
      Investments in capital of subsidiaries and associates	9,427	9,427
      Long-term loans receivable	10,076	10,000
      Long-term loans receivable from subsidiaries and associates	11,424	5,750
      Long-term prepaid expenses	7,243	7,250
      Guarantee deposits	1,105	1,101
      Deferred tax assets	41,125	39,704
      Other	5,498	9,206
      Allowance for doubtful accounts	(9)	(9)
      Total investments and other assets	311,927	321,317
      Total non-current assets	438,382	436,789
      Deferred assets
      Bond issuance costs	2,889	2,701
      Total deferred assets	2,889	2,701
      Total assets	4,111,773	4,223,468

      		(Millions of yen)
      As of March 31, 2025		As of March 31, 2026
      Liabilities
      Current liabilities
      Accounts payable - trade	287,534	289,760
      Short-term borrowings	275,171	275,270
      Short-term borrowings from subsidiaries and associates	9,020	10,983
      Current portion of long-term borrowings	153,820	141,779
      Current portion of bonds payable	65,000	130,000
      Commercial papers	428,000	315,000
      Current portion of long-term loans payable under securitized borrowings	17,471	24,658
      Lease liabilities	12	5
      Accounts payable - other	2,073	4,453
      Accrued expenses	24,504	28,828
      Income taxes payable	19,142	7,290
      Contract liabilities	6,118	7,985
      Deposits received	12,047	21,296
      Unearned revenue	3,691	5,665
      Provision for bonuses	5,571	6,608
      Provision for bonuses for directors (and other officers)	106	128
      Provision for loss on interest repayment	3,439	2,059
      Provision for loss on collecting gift tickets	125	124
      Other	5,593	5,493
      Total current liabilities	1,318,444	1,277,390
      Non-current liabilities
      Bonds payable	632,467	607,195
      Long-term borrowings	1,298,509	1,404,850
      Long-term loans payable under securitized borrowings	204,815	219,922
      Long-term borrowings from subsidiaries and associates under securitized borrowings	-	25,000
      Lease liabilities	5	0
      Contract liabilities	912	-
      Provision for loss on guarantees	7,668	8,094
      Provision for point card certificates	132,627	137,157
      Provision for loss on interest repayment	7,453	6,430
      Guarantee deposits received	829	8,606
      Other	500	211
      Total non-current liabilities	2,285,788	2,417,466
      Total liabilities	3,604,233	3,694,857
      Net assets
      Shareholders' equity
      Share capital	75,929	75,929
      Capital surplus
      Legal capital surplus	82,497	82,497
      Other capital surplus	17	34
      Total capital surplus	82,514	82,531
      Retained earnings
      Legal retained earnings	3,020	3,020
      Other retained earnings
      General reserve	331,455	364,455
      Retained earnings brought forward	88,070	91,818
      Total retained earnings	422,545	459,293
      Treasury shares	(93,115)	(114,570)
      Total shareholders' equity	487,873	503,183
      Valuation and translation adjustments
      Valuation difference on available-for-sale securities	18,919	21,642
      Deferred gains or losses on hedges	747	3,785
      Total valuation and translation adjustments	19,666	25,427
      Total net assets	507,540	528,611
      Total liabilities and net assets	4,111,773	4,223,468

   2. Non-Consolidated Statements of Income

      		(Millions of yen)
      	FY2024 (April 1, 2024 to March 31, 2025)	FY2025 (April 1, 2025 to March 31, 2026)
      Operating revenue
      Income from the payment business
      Revenue from credit card business	164,528	178,791
      Revenue from credit card cash advance	24,478	24,172
      Revenue from term loans	208	151
      Revenue from business agency	30,250	32,149
      Revenue from the payment-related business	15,453	19,861
      Income from the payment business	234,919	255,126
      Income from the lease business	13,440	14,884
      Income from the finance business
      Revenue from credit guarantee	15,344	15,639
      Revenue from the finance-related business	36,413	41,449
      Revenue from the finance business	51,758	57,088
      Cost of sales for the finance-related business	1,110	0
      Cost of sales for the finance business	1,110	0
      Income from the finance business	50,648	57,087
      Income from the real estate-related business
      Revenue from the real estate-related business	134	34
      Cost of sales for the real estate-related business	2	0
      Income from the real estate-related business	131	33
      Financial revenue	10,926	16,725
      Total operating revenue	310,066	343,857
      Operating expenses
      Selling, general and administrative expenses	242,409	259,284
      Financial expenses
      Interest expenses	17,966	26,484
      Other	2,508	2,552
      Total financial expenses	20,475	29,037
      Total operating expenses	262,885	288,321
      Operating profit	47,181	55,536
      Non-operating income	7,919	7,095
      Non-operating expenses	317	569
      Ordinary profit	54,783	62,061
      Extraordinary income
      Gain on sale of investment securities	18,580	10,565
      Gain on sale of shares of subsidiaries and associates	288	3,949
      Gain on liquidation of subsidiaries and associates	-	1
      Gain on sale of non-current assets	92	0
      Total extraordinary income	18,961	14,517
      Extraordinary losses
      Loss on valuation of shares of subsidiaries and associates	1,304	1,448
      Loss on liquidation of subsidiaries and associates	-	600
      Loss on valuation of investment securities	999	461
      Loss on sale of investment securities	33	193
      Loss on disposal of non-current assets	128	11
      Loss on sale of non-current assets	4	0
      Loss on sale of shares of subsidiaries and associates	-	0
      Total extraordinary losses	2,470	2,716
      Profit before income taxes	71,275	73,862
      Income taxes - current	24,229	20,318
      Income taxes - deferred	(5,572)	(1,266)
      Total income taxes	18,657	19,051
      Profit	52,617	54,811

   3. Non-Consolidated Statements of Changes in Equity FY2024 (April 1, 2024 to March 31, 2025)

(Millions of yen)

(Millions of yen)