FY2024 1Q

決算概況資料
Summary of Financial Results
August 9,2024

Credit Saison Co.,Ltd.
東証プライム市場上場 証券コード :8253
Tokyo Stock Exchange Prime Market, Securities Code: 8253

Financial Results Digest✓

Revenue increased (consolidated net income of 100.0 billion yen; +116.5% YoY)
due to steady performance from our three growth pillars (global business,payment business, and finance business)✓ While there was growth in the finance business (expanded profit contribution from
Saison Fundex, and expanded profits from collaboration with Suruga Bank) and theglobal business (business expansion of Credit Saison India), profits declined due tothe absence of gain on sales of real estate trust beneficiary rights that wererecorded in the real estate related business in the previous fiscal year (consolidated
operating profit of 22.8 billion yen; +97.0% YoY)
✓ Excluding the gain on sales of real estate trust beneficiary rights that were recordedin the real estate related business in the previous fiscal year, both sales andincome increased (Difference from the previous year +3.2 billion yen,+116.4%YoY)
2

決算サマリー／Financial summaryFY231Q
純収益
Net revenue

連結

事業利益

Consolidated

Business profit

四半期利益Profit attributable toowners of parent

営業収益
Operating revenue

単体
Non-consolidated

営業利益
Operating profit

経常利益
Ordinary profit

四半期純利益Profit（億円／￥100 Million）

FY24
1Q

前年比

FY24計画

YOY

plan

858

1,000

116.5%

4,130

24.2%

235

228

97.0%

770

29.7%

169

165

97.9%

520

31.9%

687

735

106.9%

3,030

24.3%

104

98

94.0%

425

23.1%

129

123

95.4％

480

25.8％

117

102

87.1%

340

30.0%

進捗率
Progress rate3

Overview of Business Results by Segment■Net revenue(¥100 million)

4,130*(￥100 million)（1Q progress rate: Entertainment29.7%)
1267513(23.0%)

1,000

260

(Growth rate:16.5%)

858
4562

137(25.5%)

Finance

135

Lease

(18.8%)

235
123

2132

30

573

(5.8%)(36.1%)

0

GlobalRealestaterelated(-95.7%)(70.6%)(-35.5%)

315

Finance(28.7%)

2,499
90(24.3%)

606

FY24-1Q

130

4672

161

(31.7%)

228(Growth rate:-3.0%)(17.4%)(4.7%)

FY23-1Q

Real estate
related(-7.7%)(23.9%)

68

Global633

74(1.3%)(21.7%)

14(161.7%)

15(28.6%)

Payment770（1Q progress rate:Entertainment24.2%）

117

1Q Overview■Business profit

Payment～
FY24plan
FY24計画*Including financial income(1Q進捗率%)*金融収益を含む

Lease
Revenue increased due to strengthened sales activities atexisting primary dealers, but profits decreased due to rising bad
debt costs

Finance
Revenue and profits increased due to the expansion of Groupbusinesses with Saison Fundex and Suruga Bank(50.2%)

Real estate related

10

Revenue increased but profits decreased due to the absence ofgain on sales of real estate trust beneficiary rights from Saison
Realty6011Revenue increased due to the premium strategy and due togrowth in revolving balance, but profits decreased due to rising
bad debt costs and increased advertising and promotion costs
for future profits(-9.1%)

6473(-12.0%)

FY23-1Q

FY24-1Q

40(25.9%)

Lease～
205(31.4%)

Payment

FY24
plan
FY24計画

GlobalSales and income increased due to expansion of lending
business centered on Credit Saison India

Entertainment
Revenue and profits decreased due to the impact of costs
associated with opening new stores
4

Contribution by Consolidated Companies■Business profit Difference(￥100 Million)

Consolidated Business profit

Non-consolidated Ordinary Profit

Difference

FY24-1Q

228.7

123.6105.0(Year-on-year difference)

▲7.0

▲5.9

▲1.0

■Contribution by Consolidated Companies

Major
consolidated
subsidiaries

Contribution
to businessprofitYear-on-yeardifference

Saison Realty Group

29.4

▲28.7

SAISON FUNDEX CORPORATION

29.2+6.6

Real estate financing business, credit guarantee business,and personal loan business

Kisetsu Saison Finance(India)Pvt. Ltd.

12.4+8.4

Digital lending business in India

SAISON COLLECTION SERVICE CO., LTD.

5.2+1.7

Servicer (debt collection) business14.2+14.2

Seven CS Card Service CO.,LTD2.9+0.2

Credit card businessTakashimaya Financial Partners Co.,Ltd2.9＋0.2

Credit card business, insurance business, investment trust
business, and trust business

Saison Technology Co., Ltd.＊

1.3

▲0.6

Information Processing services, Data Integration
Software services

Suruga Bank Ltd.

Major equity
methodaffiliates(￥100 Million)＊Saison Information Systems Co., Ltd., change its trade name to Saison Technology Co., Ltd. on April 1, 2024.

Business description

Comprehensive real estate businessBanking5連結・事業利益、単体・経常利益の主な増減
Main Increases/Decreases in business profit (consolidated), ordinary profit (non-consolidated)■連結・事業利益■単体・経常利益

Business profit (consolidated)（億円／￥100 Million）

Ordinary profit (non-consolidated)141-50-23

FY23-1Q
実績
results0
Increased non-operating income

FY24-1Q
実績
results

営
業
収
益
増
加

貸倒
コス
ト
増
加-9
Increased financial expenses

調
整項
目等
減
少

その他
営
業
費
用
増
加

Increased credit costs

Increased operating revenue

その他の損
益等
減
少

129-0

Increased other operating expenses-41

Decreased in adjustment items, etc.

持分法による
投資
利益
増
加

-20

228
Reduced other income, etc.

金
融費
用
増
加

Increased equity in earnings of affiliates-27
Increased financial expenses

FY23-1Q
実績
results

貸倒
コス
ト
増加
（
金融
資産の減損等）47

10-39
Increased credit costs(Impairmentlosses on financial assets, etc.)

Increased net revenue

純収
益
増
加

Increased SG&A expenses

235

販
売費及び
一般
管理費
増
加

金
融費
用
増
加

123

営業
外損
益
増
加

FY24-1Q
実績results

6

Key Indicators of Global Business✓ Credit Saison India led overall global business profit of 2.1 billion yen in FY24-1Q■Segment Business Profit（￥100 Million）

68■Credit Saison India’s
Consolidated Contribution Profit（￥100 Million）

2421

1229.612.4
4.0

FY23-1Q

FY23

FY24-1Q

レンディング事業

インベストメント事業

Lending Business

investment Business

FY24plan

FY23-1Q

FY23

FY24-1Q

FY24plan7

Credit Saison India Progress✓ Steady growth in receivables balance, approx. 260 billion yen in FY24-1Q✓ Continue to control risk while expanding profitable direct lending■Credit Saison India Receivable balance（￥100 Million）

Branch lending

Non-performing loan ratio
0.48%

0.83%

1.10%
Approx.

Approx.

2,600

2,10019％

19％

11％

Branchlending
Embeddedfinance

9％
53％

52％

FY22

Partnershiplending20％17％Wholesalelending

FY23

FY24-1Q

FY24plan＊Year-end rate INR 1.93 yen (+0.11 yen from the end of the previous period)＊Receivable balance including off-balance sheet receivables

Directlending

Expansion of branch network andGrowing receivable balance by utilizing
sales agentsNumber of branches: 45※1 new branch opened※As of June 30, 2024

Embedded finance
第1ステップ
Expand customer base through alliances withnon-financial businesses
Number of partners: 10※1 new partner※As of June 30, 2024
8

Finance Business Credit Saison x Saison Fundex
FY21Off-BS✓ Steady growth in both guarantee andreal estate finance business balances

FY26plan
Off-BS

Approx.

Approx.

30％

45％Real estate finance business

Guarantee business■Trends in guarantee balance■Trends in receivables balance(￥100 Million)(￥100 Million)

8,000

12,000Leasebacks
PJ loans

Creditguarantee

Mortgagebackedloans

Assetformation
loans

6,000

4,000

Housing-loan
guarantee

Debt sales
Cumulative total:
110.0 billion yen

Creditguarantee

00

FY21

FY22

FY23

FY24-1Q

FY24plan

FY21

FY22

FY23

FY24-1Q

FY24
plan

9

Key Indicators of Payment Business✓ Growth in shopping transaction volume and revolving balance through premium strategy✓ Cash advance balances grew due to expansion of revolving credit and business support loans■Card shopping revolving balance■Card shopping transaction volume(￥100 Million)(￥100 Million)（¥ trillion）■Cash advance balance
YoY

YoY
YoY
113%

107%

107%

4,534

6.17
Premium

1.27111%

108%

106%

1.44

1.36

111%

4,635

107%

103%

102%

1,775

1,791

FY23

FY24-1Q

99%

4,860

4,090

1,728

103%

1,830

約50％

Corporate

Approx.

Approx.

40％

50％

～
FY22-1Q

FY23-1Q

FY24-1Q

FY24
FY24plan
est

FY22

FY23

FY24-1Q

FY24plan
計画est

FY22

FY24
FY24eat
plan
計画est

10

Initiatives to Improve Profitability (Progress)
What is announced
in the new May 2024
mid-term planRaiserevolving balance
fee rates
to improve profitability

Raise annual
membership fees andexpand paid options
while constantly improving
added value to meet needs

Current situation

Future outlook

Increases are being
implemented firstfor premium card types*1 withsome preferential rates →Impact of customer defections iswithin the expected range

Gradually expand target cards

Began announcing
increases in card service fees*2
and annual membership fees*3
for some eligible cards

Plan to begin notifying target
members around summer, andapplying the new fee rates
around winter

Card service fee deductions will
begin on August 4, 2025

*1 Applicable cards: Saison Gold American Express® Card (preferential annual membership fee type), Saison Rose Gold American Express® Card
*2 Fee will be incurred if an applicable card : Saison Card International, Saison NEXT Card (excluding AMEX brand cards), and Saison Gold American Express® Card
(formerly Walmart Card Saison) is not used for one year
*3 Applicable cards: Saison Platinum Business American Express® Card, MileagePlus Saison Card, etc.

11Capital Policy (Progress)
What is announced
in the new May 2024
mid-term plan

Implement share buybacks
During the New Medium-Term
Management PlanPlans to acquire up to¥70.0 billion during the new mid-term
management plan(50 billion yen of which
will be acquired in FY24)

Reduce cross-shareholdings
During the new mid-term plan
periodReduction of 70% equivalent

Current situation
Cumulative buyback amounts:(1) Total number of shares acquired: 3,140,900 shares(progress rate: 12.6%)(2) Total share acquisition cost: 10,541,872,146 yen(progress rate: 21.1%)*As of the end of July

Nothing that can be announced at this time,
but we are in discussions with theother parties regarding sales

12Credit Risk✓ Delinquency rate is on the rise as the balance of receivables expands; watch for future
trendsDelinquency over 90 days(non-consolidated)

Delinquency over 90 days(consolidated) (100 million yen)
5.0%
4.0%

50,000

1.29%

1.14%

1.35%

1.27%

1.19%

30,0000.0%

10,000
FY20

FY21

800
Impairment
losses on600
financial assets

20003.0%

Cash advances
2.86%
2.73%

2.0%

1.67%

1.69%

1.87%

1.98%

1.54%
1.39%
Shopping1.73%

1.85%

FY23

FY23

FY24-1Q

1.50%

0.0%
FY20

FY24-1Q

FY21

Provision forspecial
allowance

382318
231

244

280

120187

136

72

FY20

FY21

FY22Provision of allowancefor doubtful accounts

600
Provision for special
allowance

40039923▲7FY23▲175,000

800

463

405

346

10,000(100 million yen)

Increase in provisions order to address future uncertainties, mainly
due to a deterioration in financial position due to commencement of
repayment of effectively interest-free and unsecured loans
implemented as a countermeasure to COVID-19Provision for loss oninterest repayment

FY222.91%

Credit cost (non-consolidated)

463
200

120
FY24-1Q

FY24plan

0-Utilized macroeconomic variables as future forecast information and recorded additional provisions
from the future forecast numbers -Due to the ratio of unpaid receivables and the status of deferredpayment receivables, special allowance were recorded to prepare for future increases in delinquent
receivables, etc.

-200

Provision for loss oninterest repayment

363

291
204
86
FY20-200

1.55%

Credit cost (consolidated)(100 million yen)400

FY2215,000

Credit card2.58%
2.57%

1.0%

1.0%

(100 million yen)

Credit card business total credit balance

4.0%

Credit balance

3.0%
2.0%

5.0%

2305127
FY21307322232304234▲1FY22FY2323▲209232292
FY24-1Q

FY24planDue to the ratio of unpaid receivables and the status of deferred payment receivables,
special allowance wererecorded to prepare for future increases in delinquent receivables, etc.

13

ESG/External Evaluations (an example）
First
selection in2024

ESG index adopted by the GPIF consisting ofJapanese companies that excel in ESG responses ineach sector.

Certified for
7 consecutiveyears

ESG index adopted by the GPIF consisting ofJapanese companies that excel in ESG responses ineach sector.

ESG index used by GPIF the selects
companies that excel in terms of gender
diversity
Firstacquisition

B ratingfor 2
consecutiveyears

Greenhouse Gas Emissions
Reduction TargetsCertifiedby 2024*.

Received a B rating in the2023 CDP Climate Change
Questionnaire

2 years
Consecutive
Selection

2 years
Consecutive
Selection

Selection system for companies that
demonstrate excellent digital utilization
performance*Greenhouse gas emission reduction targets <Fiscal 2030> Scope 1, 2: 42% reduction from fiscal 2020 levels / Scope 3: 25% reduction from fiscal 2020 levels

Investor Relations Information
URL: https://corporate.saisoncard.co.jp/en/ir/
Sustainability Information
URL: https://corporate.saisoncard.co.jp/en/sustainability/
This report contains forward-looking statements that reflect our plans andexpectation. These forward-looking statements are not guarantees of future
performance and known and unknown risks, uncertainties and other factorsthat may cause our actual results, performance, achievements or financial
position to be materially different from any future results, performance,achievements or financial position expressed or implied by these forwardlooking statements.