Three lines carry the quarter
Credit Saison Co., Ltd. (TSE: 8253) published consolidated first-quarter results for FY3/2027 on August 12, 2026, covering April 1 to June 30, 2026 under IFRS. Net revenue — revenue less cost of revenue — rose 12.4% to ¥122,462 million, business profit, the group's own measure of recurring operating performance, 32.7% to ¥30,442 million, pre-tax profit 37.1% to ¥31,342 million and profit attributable to owners of the parent 35.1% to ¥21,750 million. Basic earnings per share were ¥151.42 against ¥108.85, and comprehensive income rose 64.5% to ¥29,287 million.
The segment structure changed with this quarter. Credit Saison sold its entire holding in Concerto Inc. on April 1, 2026, removing the company from consolidation; the Entertainment segment has been abolished and the continuing businesses it contained moved into Payment. Prior-year segment figures are restated on the new basis, with Concerto's amusement operations shown separately under the old label for clarity.
Finance and Global do the growing
Finance was the largest single contributor, lifting net revenue 29.8% to ¥23,387 million and business profit 53.3% to ¥13,848 million. In credit guarantees, the company's own free-loan and mortgage guarantee balance reached ¥431.5 billion, 4.9% above the March year-end, and Saison Fundex's real-estate secured loan guarantees ¥651.7 billion, up 8.7%. In finance-related business, real-estate lending kept adding what the company describes as good-quality assets, and Flat 35 mortgage originations rose 25.5% to ¥28.6 billion, with the servicing balance at ¥1,392.9 billion.
Global swung from a ¥868 million business loss to a ¥2,281 million profit on a 35.9% rise in net revenue to ¥19,198 million. In India, Kisetsu Saison Finance concentrated on direct lending, with secured loans through its own branches and agents growing; its receivable balance before loan-loss allowance reached ¥411.7 billion, 10.4% above the year-end, and it signed what the company calls its largest-ever multi-currency external commercial borrowing syndicated loan. Vietnam's HD SAISON continued expanding its book, and the Brazilian lending subsidiary built up originations through local partnerships. Lease was the third grower, with net revenue up 16.1% to ¥4,011 million and business profit up 3.2% to ¥1,125 million, even though transaction volume slipped 0.9% to ¥42.4 billion.
The card business grows revenue but not profit
Payment lifted net revenue 5.5% to ¥70,981 million but business profit fell 3.7% to ¥11,689 million, which the company attributes to higher credit costs. The operating figures behind that are mixed: new card members rose 27.7% to 380,000 and shopping transaction volume 4.1% to ¥1,561.1 billion, but the total cardholder count fell 0.9% from the year-end to 21.61 million and annual active cardholders 0.1% to 13.55 million. Cash advance volume fell 11.1% to ¥34.9 billion and the cash advance balance 0.3% to ¥190.2 billion, while the shopping revolving balance was almost flat at ¥508.4 billion.
Management pointed to fee changes now feeding through — a revision of revolving-payment charges and a new card service fee for inactive members — alongside a premium-card strategy extended into sports and entertainment intellectual property. New card launches included the Tokyo Dome City Card with Mitsui Fudosan's Tokyo Dome and a Japan national football team edition of SAISON CARD Digital, and a tie-up with Coincheck now lets Eikyufumetsu points be exchanged for crypto assets. Real estate related was the other soft spot: net revenue rose 8.9% to ¥5,439 million but business profit fell 8.7% to ¥1,726 million after costs tied to transferring properties in a company split.
Balance sheet and outlook
Total assets rose ¥66,714 million to ¥5,018,896 million, driven by a ¥69,307 million increase in operating and other receivables as the Global business expanded. Liabilities grew ¥55,921 million to ¥4,232,562 million, with bonds and borrowings up ¥86,131 million against a ¥23,385 million fall in trade and other payables. Total equity rose ¥10,792 million to ¥786,334 million, chiefly a ¥6,706 million increase in other components of equity, and the ratio of equity attributable to owners of the parent held at 15.4%.
Credit Saison left the forecast published on May 15, 2026 unchanged. For the year to March 2027 it expects net revenue of ¥507,500 million (+7.3%), business profit of ¥110,000 million (+7.8%) and profit attributable to owners of the parent of ¥75,500 million (+22.3%), for earnings per share of ¥525.68. The quarter delivered 24% of the net-revenue target and 28% of the business-profit target. The annual dividend forecast is ¥160.00 per share, all paid at the year-end, against ¥130.00 for FY3/2026 — a 23.1% increase. In April the company was named a Digital Transformation Stock by the Ministry of Economy, Trade and Industry, the Tokyo Stock Exchange and IPA for a fourth consecutive year.
| Metric | Q1 FY3/2027 | Q1 FY3/2026 | Change |
|---|---|---|---|
| Net revenue (¥ million) | 122,462 | 108,962 | +12.4% |
| Business profit (¥ million) | 30,442 | 22,933 | +32.7% |
| Pre-tax profit (¥ million) | 31,342 | 22,866 | +37.1% |
| Net profit (¥ million) | 22,213 | 16,165 | +37.4% |
| Net profit attrib. to owners of parent (¥ million) | 21,750 | 16,096 | +35.1% |
| Comprehensive income (¥ million) | 29,287 | 17,808 | +64.5% |
| EPS (¥) | 151.42 | 108.85 | +39.1% |
| Payment — net revenue (¥ million) | 70,981 | 67,261 | +5.5% |
| Payment — business profit (¥ million) | 11,689 | 12,140 | -3.7% |
| Lease — net revenue (¥ million) | 4,011 | 3,456 | +16.1% |
| Lease — business profit (¥ million) | 1,125 | 1,090 | +3.2% |
| Finance — net revenue (¥ million) | 23,387 | 18,012 | +29.8% |
| Finance — business profit (¥ million) | 13,848 | 9,033 | +53.3% |
| Real estate related — net revenue (¥ million) | 5,439 | 4,993 | +8.9% |
| Real estate related — business profit (¥ million) | 1,726 | 1,891 | -8.7% |
| Global — net revenue (¥ million) | 19,198 | 14,131 | +35.9% |
| Global — business profit (¥ million) | 2,281 | -868 | loss to profit |
| Total assets (¥ million) | 5,018,896 | 4,952,181 | +1.3% |
| Equity attrib. to owners of parent (¥ million) | 770,953 | 760,634 | +1.4% |
| Equity ratio | 15.4% | 15.4% | unchanged |
| FY3/2027 guidance — net revenue (¥ million) | 507,500 | — | +7.3% |
| FY3/2027 guidance — business profit (¥ million) | 110,000 | — | +7.8% |
| FY3/2027 guidance — net profit (¥ million) | 75,500 | — | +22.3% |
| FY3/2027 guidance — EPS (¥) | 525.68 | — | — |
| Annual dividend per share (¥) | 160.00 | 130.00 | +23.1% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.