- Financial Capital Policy｜Message from the Managing Executive Officer in charge
- Global Business｜Message from the Director in Charge
- Finance Business｜Message from the Director in Charge
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- Status of Initiatives with Suruga Bank
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Global BusinessMessage from the Director in Charge
Our ever-evolving Global Business:
Pursuing growth and
enabling financial inclusion
Director, Senior Managing Executive Officer
Overall Global Business execution,
Head of Global Business Division,
Sustainability Dept., General Manager,
Global Business Division
Kosuke Mori
Current Phase of Evolution: Achievements and Next Challenges in the First Year of the Medium-term Management Plan
One of the first tangible outcomes of our Medium-term Management Plan has been the progress in our Brazil and Mexico markets, where we leveraged the learnings from our India business model and launched operations in 2023. Both markets began delivering results in FY2024 and have continued to demonstrate steady growth. While macroeconomic conditions, credit environments, and risk trends differ by country, our diversified portfolio has enabled us to offset the challenges we are seeing in some markets. In addition, collaboration between our investment and lending businesses across countries has enhanced our capacity to build new partnerships. These complementary effects within the portfolio and synergies among our businesses are driving the evolution toward a more organic, integrated business structure.
Current Phase of Evolution: Achievements and Next Challenges in the First Year of the Medium-term Management Plan
One of the first tangible outcomes of our Medium-term Management Plan has been the progress in our Brazil and Mexico markets, where we leveraged the learnings from our India business model and launched operations in 2023. Both markets began delivering results in FY2024 and have continued to demonstrate steady growth. While macroeconomic conditions, credit environments, and risk trends differ by country, our diversified portfolio has enabled us to offset the challenges we are seeing in some markets. In addition, collaboration between our investment and lending businesses across countries has enhanced our capacity to build new partnerships. These complementary effects within the portfolio and synergies among our businesses are driving the evolution toward a more organic, integrated business structure.
In FY2025, our focus is on further advancing our existing businesses. In India, we aim to deepen expansion by leveraging our established strengths, while in Brazil, we are moving into the next phase of growth. At the same time, we are reviewing our portfolio with agility—reallocating and recycling capital as needed—based on careful evaluation of each market’s opportunities and challenges. We are also working to diversify our funding sources and enhance capital efficiency, with the goal of strengthening our capital strategy globally.
Driving Change through Global Transformation
Global transformation represents our ambitions to accelerate Credit Saison's evolution into a truly global company. What is most important to us in initiative is instilling our unique DNA within local team members and establishing a structured process to ensure repeatability of success. Over the past year, sharing the objectives of our Medium-term Management Plan and clearly defining and cascading our Mission, Vision, and Values, employees across countries have developed a stronger awareness—not only of their individual contributions but also of our collective global goals—fostering a deeper sense of unity across the organization.
We also place great importance on empowering diverse talent, particularly our younger employees. By taking on important roles early in their careers and opportunities to gain hands-on experience in building businesses from the ground up, we nurture a strong entrepreneurial spirit and sense of ownership and in their work. This culture of empowerment is what continues to drive our global transformation forward, supported by increasing cross-border collaboration and the active exchange of talent and expertise. Our International Headquarters in Singapore works closely with the head office to strengthen corporate governance across our global business. As our business expands and our global footprint grows, the IHQ is solidifying its role as the backbone of our global operations. In line with this, we are pleased to welcome Managing Executive Officer Kazuo Koshi, whose leadership will further reinforce our international management structure.
Our Value to Create as a “GLOBAL NEO FINANCE COMPANY”
By addressing social issues through our business activities, we aim to advance financial inclusion in a way that reflects Credit Saison’s historical legacy of serving the underserved since its inception. In particular, through partnerships with FinTech companies, we strive to contribute to the development of local ecosystems and markets while pursuing mutual growth. With the continued evolution of digital infrastructure and AI, we aim to build and deliver financial services that harnesses the possibilities of our time. We believe that our ongoing innovation in the financial field—and the growing global recognition of the impact we are making—will create meaningful value for all our stakeholders, including partners, customers, and employees.
We see the key to value creation in our Global Business as the aggregation of Growth, Returns, and Resilience. From a growth perspective, we will continue to lead the Group’s expansion in high-potential markets such as India and Brazil. In terms of returns, we are committed to meeting the expectations of shareholders, customers, and all stakeholders while maintaining strong resilience in navigating evolving regulatory, economic, and governance challenges.
By continuously strengthening our growth, returns, and resilience, we will advance a truly distinctive Global Business, one that embodies the spirit of Credit Saison and drives sustainable growth in harmony with society.
Global Business Development and Profit Growth
Since the full launch of our Global Business in 2014, we have been working diligently to realize financial inclusion by providing localized financial services to underserved individuals and companies that lack adequate access to appropriate financial services. After more than 10 years of challenges since the full-scale launch of operations, we have now expanded into seven countries through 11 operating companies.
In India, as well as in new markets such as Brazil, our profit levels are increasing, and in FY2024 business profit reached ¥3.3 billion. Looking ahead, we will pursue further growth and business expansion with the goal of achieving business profit of ¥20 billion.
International Headquarters: The Backbone of Our Global Business
To establish the foundation for expanding our Global Business and strengthen the overseas governance framework, we established Saison International Pte. Ltd. in Singapore as our International Headquarters (IHQ) in April 2022. The IHQ provides cross-border support to Group companies in each country and strengthens collaboration among them. At the IHQ, specialists with professional expertise in each functional area—including corporate functions such as accounting, legal, people and culture, and internal audit, as well as business development and branding—are leading the transformation and supporting our business. We are enhancing functions while expanding our talent pool, and since FY2024, have been stepping up personnel exchanges among overseas bases, centered on the IHQ, to advance talent development and reinforce collaboration among businesses in each country. In FY2025 in particular, we are accelerating initiatives to strengthen governance, which is essential for business growth in each country.
Please visit our website below for details on the management team of Saison International.
Managing Executive Officer
In charge of Global Management Dept.
Kazuo Koshi
Governance: Foundation of Business Growth in each Country
In April 2025, I was appointed Managing Executive Officer of Credit Saison as well as Director and Chief Governance Officer of Saison International, responsible for building internal control frameworks in line with the expansion of our Global Business. Previously, I spent over 20 years in the United States at Mitsubishi UFJ Financial Group, where I led initiatives to establish global governance structures. Through this experience, I have acquired a tenet that effective governance lies in ensuring a management model that balances offense and defense in strategy execution. I am committed to adopting this approach to foster a resilient business that focuses on realizing our Mission, Vision, and Values, and can achieve sustainable success even in times of uncertainty. I also strongly feel that Credit Saison has a corporate culture that values sound and responsible growth, and I am confident in the further development of our Global Business.
Managing Executive Officer
In charge of Global Management Dept.
Kazuo Koshi
Saison International Pte. Ltd.
Global Head of People & Culture
Sarah McKensey
Unlocking the Potential of Global Talent
As the Global Head of People & Culture at Saison International, we have laid a strong foundation to position it as a strategic driver of our global expansion. Looking ahead from 2025, our priorities are clear: embedding a consistent global employee experience to enhance engagement and performance; developing leadership and talent pipelines to support sustainable growth; championing inclusion and collaboration to ensure that everyone can thrive; and driving data-informed decision-making to strengthen workforce capabilities worldwide. These initiatives are integral to Credit Saison’s ambition—to be the partner of choice—while empowering our people to thrive and deliver sustainable global impact.
Saison International Pte. Ltd.
Global Head of People & Culture
Sarah McKensey
India Business Driving Global Business Growth
Launched in 2019, Kisetsu Saison Finance (India) Pvt. Ltd. (hereafter, Credit Saison India) has rapidly expanded by gradually diversifying its business models while appropriately managing risk. It has four business models tailored to different customer types and is steadily expanding its network and receivable balance within India. At the end of FY2024, its receivable balance reached approximately ¥310 billion.
In FY2025, we will continue to focus on direct lending* while aiming to expand secured loan products. We will continue to leverage strengths in its advanced risk management framework, abundant tech talent, fundraising capacity, and governance structure to build a foundation that will drive growth in the Global Business going forward.
* Direct lending: Refers to Embedded finance and Branch lending
Our strengths in robust risk and credit management
At Credit Saison India, the risk management team, which makes up about 30% of employees, designs and implements optimal credit methods tailored to products and customer attributes for the purpose of mitigating credit risk. Given the company’s high ratio of unsecured lending, managing credit costs is crucial. Its advanced risk models and robust monitoring framework, which can flexibly respond to changes in the market and at customers, underpin its stable and sustainable credit operations.
Diversifying Liability and Robust Lending Base
On the liability side, Credit Saison India leverages its locally cultivated creditworthiness, underpinned by long-term AAA ratings from CRISIL and CARE, India's leading credit rating agencies. We have diversified our liabilities through borrowings from 40 financial institutions in India and overseas as well as issuing bonds and commercial paper. In 2025, in addition to an external commercial borrowing (ECB) loan from Mizuho Bank, we also borrowed through syndicated loans participated in by leading domestic and overseas banks, such as DBS Bank, Singapore's largest bank, and CTBC Bank, one of Taiwan’s largest banks. We aim to further broaden both funding methods and funding sources.
Credit Saison India
CEO
Presha Paragash
Solid Foundations: Scaling Toward India’s Top 10 NBFCs
Credit Saison India
CEO
Presha Paragash
In FY2024, amidst continued market and regulatory uncertainty, we faced challenges following guidance from the Reserve Bank of India to increase provisioning for certain loan products. Through persistent and constructive dialogue with the regulator, we responded diligently and ensured thorough compliance, enabling sustained business growth. Our B-to-B business* 1 continues to generate profits and support our scale-up on the B-to-C business* 2 . In our B-to-C segment, we are working to expand our branch network and increase partnerships, providing broader financial access while managing risks through advanced credit models and real-time monitoring.
Originating from a concept first sketched on paper, this NBFC has, in just five years, grown into a company with a solid foundation and accelerating scale. We remain committed to becoming one of India’s top 10 NBFC. We are committed to empowering India’s financial journey through innovative, inclusive, and responsible credit solutions.
*1 B-to-B Business: Wholesale lending and Partnership lending
*2 B-to-C Business: Embedded finance and Branch lending
Credit Saison India’s fifth anniversary event
Brazil, the Next Growth Market Following India
Members working at Credit Saison Brazil
Examples of Lending Partners
providing financial products to farmers
and agricultural goods retailers
to patients through dental clinics, supporting
low-income individuals with medical expenses,
in partnership with more than 3,000 clinics
Investment Business: Creating Synergies across the Group
In March 2025, we participated in Japan Fintech Week 2025, hosted by Japan’s Financial Services Agency, while also hosting a side event at Credit Saison’s head office. In May 2025, we again held the ONCHAIN event in Bangkok, following on from the previous fiscal year. The event featured practical discussions on the latest developments surrounding Real World Assets and the application of blockchain technology in traditional finance. Going forward, in addition to participating in and hosting events, we will strategically engage in media appearances and other activities to raise our profile as a global investor.
Credit Saison official note: Article regarding the ONCHAIN event
