Management Report FY2016
3/40 Main Topics of 2016 Fiscal Year
Now, let us look into what the company has been busy with in 2016. One direction of our efforts has been diversification. In literal terms, what it means is nonbank business. We often use the phrase "leading-edge service company", but what can be done with payment services in the first place? As for us, we did all kinds of things, and one was the launch of the "Apple Pay" services. Another is the prepaid card "mijica" launched together with the Japan Post Bank Co., Ltd. We managed to get the Eikyufumetsu points adopted for use with this card, and the idea behind it is to win against the competition and become undisputed leaders of the industry through prepaid cards.In the area of solutions, we launched "smart transfer service" mainly convenient for payments requiring transfers of small sums.The volume of settlements made by corporations is over 900 trillion per year, and only 3 trillion among these are made by cards, which means that there is still a market of the remaining more than nine hundred and some scores of trillions to be taken.Global business. This initiative was to launch a Saison counter inside the first Takashimaya store to be opened in Vietnam. This was done in May, 2015, based on a joint investment with the HD Bank, a local Vietnamese bank; our company invested 49%, and we believe this will be helpful to win against the competition in Southeast Asia.In the finance business, assets formation loans showed an increase by 72% compared with the preceding term reaching 216.9 billion yen. With credit guarantees, the number of partner companies reached 394, and the financial institutions we collaborate with are mainly shinkin banks. The idea is to put this network to good use for all kinds of initiatives. The balance of credit guarantees is 287.2 billion yen.And now the Internet. Saison DMP, a marketing platform using big data. The idea here is to create a Data Management Platform, share data with such companies as Kakaku.com, Inc., and strengthen the know-how that will allow us to win the big data competition, and this is what we had in mind when we recently purchased a company called Omnibus. We have also established an open innovation type research organization called DG Lab, and we feel that using the block chain technology to create actual products and services will be very interesting.And now for asset management. Young people worry about pension. For that reason, we have ventured into asset management to establish a new business supplying people with a way to form assets and also offer management of assets of a little larger scale.