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Credit Saison Co. Reports Mixed Q3 2024 Results

Credit Saison Co. Reports Mixed Q3 2024 Results

Credit Saison Co ( (CSASF) ) has released its Q3 earnings. Here is a breakdown of the information Credit Saison Co presented to its investors.

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Credit Saison Co., Ltd., a prominent player in Japan’s financial services industry, specializes in credit card issuance, leasing, and finance, alongside a diverse array of business segments including real estate, global investments, and entertainment.

In the third quarter of the fiscal year ending March 31, 2025, Credit Saison reported a robust increase in net revenue by 16.6% to ¥313,450 million, driven by growth across several business segments. However, the company saw a decline in profit attributable to owners of the parent by 7.2% year-on-year, amounting to ¥57,609 million.

Key financial highlights from the report include a substantial business profit increase of 30% compared to the previous year, reaching ¥79,934 million. The payment and finance sectors showed significant revenue growth, with the real estate-related business also contributing notably to the revenue uplift. Despite the revenue gains, profit before tax slightly decreased by 2.4% to ¥81,742 million due to increased finance costs and impairment losses.

In terms of strategic outlook, Credit Saison revised its annual dividend forecast, projecting an increase to ¥110.00 per share, reflecting confidence in long-term growth. While the company maintains a cautious approach, it anticipates continued expansion in its global and real estate segments.

Looking ahead, Credit Saison remains focused on maintaining sustainable growth across its diversified business segments. The management is optimistic about leveraging opportunities in the global market while enhancing its core operations in Japan, despite potential economic challenges.

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