Credit Saison (8253) Q2 2026 earnings summary

Executive summary

• Net revenue for the six months ended September 30, 2025, rose 16.2% year-over-year to ¥228,167 million, with business profit up 12.5% to ¥45,010 million, exceeding internal targets.

• Profit before tax was ¥41,144 million, a slight decrease of 1.5% year-over-year, while profit attributable to owners of parent declined 3.8% to ¥27,353 million due to special losses from share sales and withdrawal from the amusement business.

• Domestic payment and finance businesses showed strong performance, offsetting temporary losses in the global segment.

• India business returned to a recovery trend, while Indonesia required increased allowances for expected credit losses.

• Comprehensive income surged 121.8% year-over-year to ¥37,955 million, driven by a significant increase in other comprehensive income.

Financial highlights

• Basic earnings per share for the period was ¥186.64, nearly flat year-over-year.

• Total assets increased to ¥4,728,396 million as of September 30, 2025, up from ¥4,671,143 million at the previous fiscal year-end.

• Total equity attributable to owners of parent was ¥704,970 million, with an equity ratio of 14.9%.

• Non-consolidated operating profit increased 37.8% year-over-year to ¥28.8 billion.

• Dividends per share are forecast to rise to ¥130.00 for the fiscal year ending March 31, 2026, up from ¥120.00 in the prior year.

Outlook and guidance

• Full-year net revenue is forecast at ¥473,500 million, up 12.0% year-over-year, with business profit expected to reach ¥96,000 million.

• Profit attributable to owners of parent is projected at ¥59,000 million, reflecting special losses, and basic EPS is forecast at ¥406.32.

• Dividend forecast unchanged at ¥130 per share, maintaining a payout ratio target of at least 30%.

• Global business profit target delayed by 1–2 years; recovery expected from next fiscal year.

• The earnings forecast reflects the impact of a stock buyback resolved in May 2025.