Financial Highlights (Consolidated)
During the first three quarters of fiscal 2016 (April to December 2016), Credit Saison Co., Ltd., one of the pioneers of the service industry, worked towards implementation of the management vision set forth in the current medium-term management plan, "Neo Finance Company in Asia." In Japan, in pursuit of a cashless society, the Company strove to offer both corporate and individual customers the best possible solutions for their needs, while overseas we vigorously promoted our business in the Asian retail-finance markets utilizing the know-how the Company has amassed so far in Japan.
During the period, the Company took several steps to expand its customer base in a way that supports sustainable growth. In addition to energizing its efforts to attract new card members using tablet devices and stepping up its recruitment of online members, the Company also strove to boost the active use of cards and encourage the shift to cashless settlement through provision of all kinds of settlement services including Apple Pay and various means of payment including prepaid cards.
The Company also undertook a number of initiatives with the aim of expanding the Eikyufumetsu points platform and constructing a new points-based economic sphere. In December, 2016, we started Point Operations Service for members offering simulations of long-term investments, while in January, 2017 launched a point program with Eikyufumetsu points for "mijica", a card recently launched by the Japan Post Bank Co., Ltd. and the Japan Post Co., Ltd.
In the Credit Guarantee and Finance Businesses, the Company engaged in building a sound loan portfolio by offering financial products that respond to a wide range of financial needs and by joining hands with highly effective partners.
The Company invigorated its Overseas Business by forming strategic partnerships with local companies in Vietnam and Indonesia. These efforts enabled Credit Saison to develop alliances with local entities and expand the range of products offered.
( )3Q results
Shareholders' equity ratio
Book-value per share
Earnings per share
Financial Highlights (Non-consolidated)
The Company recruited new customers through multiple channels. In joint membership drives with partner companies, the Company marketed premium cards such as Mitsui Shopping Park Card Saison and Saison American Express(R) Card. As a result, card membership increased by 620,000, up 2.4% from the previous fiscal year-end reaching 26,230,000.
The Company implemented a number of measures to promote the active use of cards and bolster the appeal of revolving payment schemes. As a result, shopping transaction volume grew 5.2% YoY to \3,357.5 billion, while shopping revolving balances increased by \34.9 billion, up 10.3% from the previous fiscal year-end to \373.6 billion.
In Overseas Business, through Vietnam HD Saison Finance Company Ltd., the Company expanded transaction volume primarily through loans for household items such as bicycles and consumer electronics. The Company also began operating a finance service counter at Ho Chi Minh Takashimaya and, since the capital tie-up in May, 2015, has doubled both the number of business bases and the loan balance in the country. PT. Saison Modern Finance in Indonesia strove to expand its lease business.
In the Credit Guarantee business, the Company worked to establish a framework of close cooperation with regional banks, credit unions and other regional financial institutions through free guaranteed loans, which were expanded to include corporate loans. The number of partner institutions reached 392 (a YoY increase of 8 institutions), while guaranteed balances rose 6.5% from the previous fiscal year-end to ¥281.2 billion.In Flat 35, a housing-loan product with a long-term fixed rate, the Company expanded its lineup of products. These included the Saison Home Assistance Loan, a loan for various expenses incurred when purchasing a house that was launched in the previous fiscal year. Loan issuance jumped 53.0% YoY to ¥104.4 billion and the balance of loans transferred to JHFA increased 17.2% against the previous fiscal year-end to ¥416.7 billion.For the Saison Asset Formation Loan, a loan product supporting the purchase of real estate for investment purposes, the Company strengthened coordination with leading partners. As a result, loan issuance expanded a robust 90.0% YoY to ¥70.5 billion. Total loan portfolio posted solid growth, surging 51.2% against the previous fiscal year-end to ¥190.8 billion.