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Investor Relations

Business Highlight

Financial Highlights (Consolidated)

In the first quarter under review, for the Credit Services Business, shopping transaction volume and shopping revolving credit balance increased as a result of cashless promotions of various payment methods, in both personal consumption and the corporate market. For the Finance Business, the Company engaged in a range of measures to expand high quality assets through offering life creation financial services including a home-buying loan, “Flat 35”, and the “Saison Asset Formation Loan”. The efforts resulted in a steady increase of balance.

In Q1 of fiscal year 2018, on consolidated basis, with Credit Services Business and Finance Business driving the overall performance, the operating revenue is \74.8 billion (up 3.8% YoY), however at the same time, the operating expenses increased due to several reasons including an increase in depreciation expenses of the new system that has been operating since November, 2017, resulting in operating income of \11.3 billion (down 13.4% YoY). Ordinary income was \14.8 billion (down 28.6% YoY) due to the absence of extraordinary income on investment securities sold by equity-method affiliates, which was accounted during last fiscal year, while net income was \11.2 billion (down 48.2% YoY) due to the absence of extraordinary income on investment securities sold by the Company, which was accounted during last fiscal year.

( )1Q Results

Operating Revenue

Operating Revenue

Ordinary Income

Ordinary Income

Net Income

Net Income

Shareholders' equity ratio

Shareholders' equity ratio

ROE

ROE

ROA

ROA

Book-value per share

Book-value per share

Earnings per share

Earnings per share

Financial Highlights (Non-consolidated)

Due to strengthened efforts in recruiting members for our premium card series “Saison American Express® Card,” with a particular focus on prospective platinum and gold card members as they offer the prospect of high utilization and high spending per transaction, the number of active card members increased by 30,000 from the end of the previous fiscal year and reaching 15.01 million in total. In addition, the Company also conducted promotions to invigorate the use of credit card, encouraged the use of cards to pay utility bills, etc., and strengthened measures to facilitate the registration and use of smartphone settlement services. As a result of these efforts, shopping transaction volume expanded 1.3% YoY to \1,165.2 billion, and shopping revolving balance grew 0.3% from the end of previous fiscal year to \415.3 billion.

In credit-guarantee business, the Company offered guarantee products for multi-purpose loans on deeds, which can be used for business purpose. By this means the Company strove to build detailed partnerships with regional financial institutions, such as regional banks and credit unions. The number of partner institutions decreased YoY by 2, to 392, while the guarantee balance fell 1.7% from the end of previous fiscal year, to \279.1 billion.
In “Flat 35”, the Company promoted support for home buyers housing-loan packages such as the “Saison Home Assistance Loan”, a loan for various expenses incurred when purchasing a house. Loan issuance leapt 29.8% YoY to \52.4 billion, while the balance of loans transferred to JHFA grew 6.7% from the end of previous fiscal year to \633.1 billion.
For the “Saison Asset Formation Loan” (a loan product supporting the purchase of condominiums for investment purposes), the Company strengthened coordination with leading partners. As a result, loan issuance expanded 108.8% YoY to \51.9 billion. Total loan portfolio increased 13.8% from the end of previous fiscal year to \388.8 billion.

( )1Q Results

Operating Revenue

Operating Revenue

Ordinary Income

Ordinary Income

Net Income

Net Income

Volume of New Contracts

Volume of New Contracts

Total Cardholders

Total Cardholders

Active Cardholders

Active Cardholders

Shareholders' equity ratio

Shareholders' equity ratio

ROE

ROE

ROA

ROA
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