《Translation of excerpted sections》

Consolidated Financial Statements
for the First Quarter of the Fiscal Year Ending March 31, 2025
(IFRS)
August 9, 2024

Listed company name:

Stock exchange listing: Tokyo(URL https://www.saisoncard.co.jp)

Credit Saison Co., Ltd.

Code number: 8253
Representative: Katsumi Mizuno / Representative, Executive President and COO
Inquiries to: Naoki Misaka / Executive Officer, In charge of Corporate Planning Dept., General Manager, Corporate Planning
Dept.; Phone: (03) 3988-2110
Scheduled date to commence dividend payments: –Preparation of supplementary material on financial results: Yes
Holding of financial results presentation meeting: Yes (for institutional investors and analysts)
Note: All amounts are rounded down to the nearest million yen.
1. Consolidated Results for the First Quarter of the Fiscal Year Ending March 31, 2025 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results (cumulative)
Net revenue

1st Quarter
FY2024
1st Quarter
FY2023

Profit before
tax

Business profit(% represents year-on-year change)
ProfitTotal
attributable to comprehensive
owners ofincomeparentProfit(Millionsof yen)(%)(Millionsof yen)(%)(Millionsof yen)(%)(Millionsof yen)(%)(Millionsof yen)(%)(Millionsof yen)100,076

16.5

22,871(3.0)

23,577(1.8)

16,816(1.3)

16,595(2.1)

23,3782.8

85,87910.4

23,5727.7

24,0098.4

17,042

11.9

16,95011.7

22,737

23.6

Basic earnings per
share

Diluted earnings per
share

(Yen)

(Yen)

(%)

1st Quarter FY2024
102.15102.04
1st Quarter FY2023
108.43108.39(Note) Net revenue is an indicator calculated by deducting cost of sales from revenue. Business profit is a profit indicatordefined by the Group to measure the performance of ordinary business operations.
(2) Consolidated Financial Position

1st Quarter FY2024
FY2023

Ratio of equity
attributable toowners of parent
to total assets(%)

Total assets

Total equity

Equity attributableto owners ofparent(Millions of yen)

(Millions of yen)

(Millions of yen)

4,425,839
4,335,852

717,901
717,611704,577705,053

15.9
16.3

End of firstquarter

End of second
quarter

Annual dividends
End of third
quarter

End of fiscal year

(Yen)

(Yen)

(Yen)

2. Dividends

FY2023–0.00–
FY2024–FY2024 (Projected)
0.00–(Note) Revision of projected dividends most recently announced: None

- 1 -Annual

(Yen)

(Yen)

105.00105.00105.00105.003. Consolidated Earnings Forecasts for Fiscal 2024 (April 1, 2024 to March 31, 2025)(% represents year-on-year change)
Profit attributable to
Basic earnings per
Net revenue
Business profit
owners of parent
share(Millions of yen)(%)

(Millions of yen)(%)

(Millions of yen)

(%)

(Yen)

413,000
77,00052,000
FY202414.2
7.0(28.8)
324.88(Note) Revision of projected earnings forecasts most recently announced: None
Note that the Company engages in stock buybacks as provided for by the resolution passed at the Board of Directors
meeting held on May 15, 2024. “Basic earnings per share” in the consolidated earnings forecasts takes into accountthe effect of the total number of its own shares bought back as of July 31, 2024.
Notes(1) Significant changes in the scope of consolidation during the period: None
(2) Changes in accounting policies and changes in accounting estimatesa. Changes in accounting policies required by IFRS: Noneb. Changes in accounting policies other than a. above: Nonec. Changes in accounting estimates: None
(3) Number of shares issued (common shares):a. Number of share issued at the end of the period (including treasury shares):
1st Quarter FY2024: 185,444,772 shares
FY2023:
185,444,772 sharesb. Treasury shares at the end of the period:
1st Quarter FY2024: 24,143,729 shares
FY2023:22,364,710 sharesc. Average number of shares during the period (cumulative):
1st Quarter FY2024: 162,466,933 shares
1st Quarter FY2023: 156,327,469 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: 1st Quarter FY2024 1,575,365 shares, FY2023 1,575,365 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 theannouncement of the financial results.

- 2 -Condensed Quarterly Consolidated Financial Statements(1) Condensed Quarterly Consolidated Statements of Financial Position(Millions of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCash and cash equivalents

108,745

106,869

Trade and other receivables

3,344,573

3,421,003

Inventories

153,773

155,465

Operational investment securities

79,78383,937

Investment securities

89,26187,360

Other financial assets

47,50349,547

Property, plant and equipment

30,29630,924Right-of-use assets

15,82816,151Intangible assets

138,569

136,181

Investment property

144,586

151,784

Investments accounted for using equity method

132,442

134,634

Deferred tax assets

34,33733,456

Other assets

16,151

18,522

4,335,852

4,425,839

Total assets- 3 -(Millions of yen)
As of March 31, 2024

As of June 30, 2024

Liabilities and equity
Liabilities
Trade and other payables

322,746

304,531

8,484

8,244

Bonds and borrowings

3,048,797

3,163,248

Other financial liabilities

22,03821,427

Income taxes payable

12,311

6,697

Provision for point card certificates

127,947

129,838

Provision for loss on interest repayment

15,23014,248Other provisions

1,409

1,445

188

119

59,086

58,1373,618,240

3,707,938

Share capital

75,92975,929

Capital surplus

93,17893,366

Retained earnings

542,602542,052

Treasury shares(47,767)(53,664)

Other components of equity

41,11046,893

Total equity attributable to owners of parent

705,053

704,577

Non-controlling interests

12,55813,323

717,611717,901

4,335,852

4,425,839

Financial guarantee liabilities

Deferred tax liabilities
Other liabilities
Total liabilities
EquityTotal equity
Total liabilities and equity- 4 -(2) Condensed Quarterly Consolidated Statements of Income
First quarter of FY2023(April 1, 2023 toJune 30, 2023)(Millions of yen)First quarter of FY2024(April 1, 2024 toJune 30, 2024)

Revenue
Income from the payment business

56,64959,762

Income from the lease business

3,085

3,230

Income from the finance business

13,724

16,112

Revenue from the real estate-related business

12,974

16,153

Revenue from the global business

4,378

10,886

Revenue from the entertainment business

7,841

8,182

334

1,267

98,988

115,594

Cost of sales for the real estate-related business

6,842

8,791

Cost of sales for the entertainment business

6,266

6,727

13,10815,518

Net revenue

85,879100,076

Selling, general and administrative expenses

56,99562,013

Impairment losses on financial assets

8,230

12,230Finance costs

5,069

7,830

95

381

1,563

2,584

Other income

6,948

2,753

Other expenses

182

145

Profit before tax

24,00923,577

Income tax expense

6,966

6,761

Profit17,042

16,816

16,95016,59591

220

17,042

16,816

Basic earnings per share (Yen)

108.43102.15

Diluted earnings per share (Yen)

108.39102.04

Finance income
Total
Cost of sales

Total

Gain arising from the derecognition of financial assets
measured at amortized cost
Share of profit of investments accounted for using equity
methodProfit attributable to
Owners of parent
Non-controlling interests
ProfitEarnings per share- 5 -Reconciliation from profit before tax to business profit(Millions of yen)First quarter of FY2023(April 1, 2023 toJune 30, 2023)

First quarter of FY2024(April 1, 2024 toJune 30, 2024)

24,00923,577

Reconciliations (Other income)

(490)

(748)

Reconciliations (Other expenses)

141

102

Adjustments for the application of the effective interest
method to financial assets

(87)

(59)

Subtotal

(436)

(705)

23,572

22,871

Profit before tax

Business profit- 6 -(3) Condensed Quarterly Consolidated Statements of Comprehensive Income(Millions of yen)First quarter of FY2023(April 1, 2023 toJune 30, 2023)

First quarter of FY2024(April 1, 2024 toJune 30, 2024)

17,042

16,816

2,269(2,110)Remeasurements of defined benefit plans

(21)

(5)

Share of other comprehensive income of investments
accounted for using equity method

(42)

684

0

(2)

(1,448)

3,263

3,961

4,612

976

119

5,695

6,561

22,737

23,37822,62922,526

Non-controlling interests

107

852

Comprehensive income

22,737

23,378

ProfitOther comprehensive income
Items that will not be reclassified to profit or loss
Net change in fair value of equity instruments
designated as measured at fair value through othercomprehensive income

Items that may be reclassified to profit or loss
Net change in fair value of debt instruments
measured at fair value through othercomprehensive income
Effective portion of cash flow hedges
Exchange differences on translation of foreign
operations
Share of other comprehensive income of investments
accounted for using equity method
Total other comprehensive income, net of tax
Comprehensive income

Comprehensive income attributable to
Owners of parent- 7 -(4) Condensed Quarterly Consolidated Statements of Changes in Equity
First quarter of FY2023 (April 1, 2023 to June 30, 2023)(Millions of yen)
Equity attributable to owners of parent
Share capital

Balance as of April 1, 2023

75,929

CapitalsurplusRetainedearnings

83,560

Profit481,163

Other
componentsof equity

Treasuryshares(62,668)

20,317

Comprehensive income––

16,950–Purchase of treasury shares
Share-based payment transactions

74

Dividends(10,948)

Transfer from other componentsof equity to retained earnings(1,057)

Total

1,739

600,041

16,95091

17,042

5,679

5,679

16

5,695

5,679

22,629107

22,737

(0)

(0)

(0)

(0)

74

74

(10,948)
1,057

(6)

Other

30

Total transactions with owners
Balance as of June 30, 2023

(93)

(11,041)–

Loss of control of subsidiaries
Changes in ownership interest in
subsidiaries

Total

598,301

16,950

Other comprehensive income

Noncontrollinginterests

(0)

–

–

78

78

(7)

96

89

30

30

–

99

(12,005)

(0)

1,056

(10,851)

82(10,768)

75,92983,659486,108(62,669)

27,052610,080

1,930

612,010First quarter of FY2024 (April 1, 2024 to June 30, 2024)(Millions of yen)
Equity attributable to owners of parent
Share capital

Balance as of April 1, 2024

75,929

CapitalsurplusRetainedearnings

93,178

Profit542,602

Other
componentsof equity

Treasuryshares(47,767)––

16,595Purchase of treasury shares
Share-based payment transactions

248

Dividends

Balance as of June 30, 2024

717,611

16,595220

16,816

5,930

5,930

631

6,561

5,930

22,526852

23,378(5,896)(5,896)(5,896)

(0)

247

247

(17,288)

143
(99)

Other

Total

12,558(17,288)

Transfer from other componentsof equity to retained earnings
Changes in ownership interest in
subsidiaries

Total transactions with owners

–

Total
705,053

16,595

Other comprehensive income
Comprehensive income

41,110Noncontrollinginterests

(143)

–

(3)

(103)

39

(103)

(17,392)
–

16

39

(86)
39

–

188

(17,145)(5,897)(147)(23,002)(86)(23,089)

75,92993,366542,052(53,664)

46,893

704,577

13,323717,901- 8 -(5) Segment Information, Etc.
(i) General information regarding reportable segments
The Group’s reportable segments are components of the Group for which separate financial information is available, andwhich are subject to regular review by the Board of Directors for the purpose of making decisions about the allocation ofmanagement resource and assessing the segments’ performance.
The Company and its consolidated subsidiaries separately develop and conduct business activities that directly relate to theirvarious 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.

- 9 -

(ii)

Information regarding profit or loss by reportable segments
For the first quarter ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(Millions of yen)
Reportable segment

Payment

Lease

Finance

Real estaterelated

Entertainment

GlobalAdjustments
Consolidated(Note 2)

Total

Revenue
Revenue from56,8603,085

13,724

12,974

4,501

7,841

98,988–98,988Intersegment revenue

477

0

–

85

–

0

563

(563)

–

Total

57,337

3,085

13,724

13,059

4,501

7,842

99,551(563)

98,988

Net revenue

57,337

3,085

13,724

6,255

4,501

1,575

86,482(602)

85,879

7,320

1,138

6,007

7,273

1,262

383

23,386

185

23,572

Reconciliations

–

–

–

–

–

–

–

–

436

Profit before tax

–

–

–

–

–

–

–

–

24,009external customers

Segment profit(Business profit)(Note 1)For the first quarter ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(Millions of yen)
Reportable segment

Payment

Lease

Finance

Real estaterelated

Entertainment

GlobalAdjustments
Consolidated(Note 2)

Total

Revenue
Revenue from60,134

3,230

16,112

16,152

11,782

8,182

115,594–

115,594

Intersegment revenue

542

0

–

47

–

0

590

(590)

–

Total

60,676

3,230

16,112

16,20011,782

8,182

116,185(590)

115,594

Net revenue

60,676

3,230

16,112

7,433

11,782

1,455

100,690(614)

100,076

6,443

1,034

9,026

4,690

2,153

16

23,364(492)

22,871

Reconciliations

–

–

–

–

–

–

–

–

705

Profit before tax

–

–

–

–

–

–

–

–

23,577

external customers

Segment profit(Business profit)(Note 1)

(Notes) 1. Business profit 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.

- 10 -

Breakdown of reconciliations from segment profit (business profit) to profit before tax
First quarter of FY2023(April 1, 2023 toJune 30, 2023)
Segment profit (Business profit)
Adjustments for the application of the effective interest
method to financial assets
Reconciliations (Other income)Gain on valuation of investment securities (stocks, etc.)
Gain on sale of fixed assets
Reconciliations (Other expenses)
Loss on sale of shares of subsidiaries and associates
Loss on sale of fixed assets
Other
Reconciliations - total
Profit before tax- 11 -(Millions of yen)First quarter of FY2024(April 1, 2024 toJune 30, 2024)

23,572

22,871

87

59

490

748

490
–

303
444

(141)
(130)

(102)
–

–
(11)

(90)
(12)

436

705

24,00923,577