November 9, 2021
To all whom it may concern
Company name: Credit Saison Co., Ltd.
Representative: Katsumi Mizuno, Executive President and COO (Code: 8253, First Section of the Tokyo Stock Exchange)
Inquiries: Hironao Wakamei, General Manager, Corporate Planning Department and General Manager, Group Strategic Management (TEL: +81-3-3988-2110)
Notification Regarding Revision of Forecast of Full-year Business Results for the
Fiscal Year Ending March 31, 2022 (Non-consolidated)
Credit Saison Co., Ltd. (hereinafter: "Credit Saison") has revised its forecast of full-year business results for the fiscal year ending March 31, 2022 (non-consolidated) from its previous forecast published on May 14, 2021.
1. Revision of Forecast of Full-year Business Results
- Revision of Forecast of Non-consolidatedFull-year Business Results for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)
Operating revenue | Operating | Ordinary income | Net income | Net income | |
income | per share | ||||
Previously announced forecast | ¥259,700 million | ¥33,000 million | ¥39,000 million | ¥26,000 million | ¥166.30 |
(A) | |||||
Current revised forecast (B) | ¥253,000 million | ¥33,000 million | ¥39,000 million | ¥26,000 million | ¥166.30 |
Amount of increase (decrease) | (¥6,700 million) | - | - | - | |
(B-A) | |||||
Rate of increase (decrease) (%) | (2.6) | - | - | - | |
(Reference) Business results in | ¥251,307 million | ¥31,507 million | ¥38,026 million | ¥29,931 million | ¥191.46 |
previous fiscal year (FY2021) | |||||
2. Reason for Revision
In the forecast of full-year business results for the fiscal year ending March 31, 2022 (non-consolidated), Credit Saison took a number of measures to combat the COVID-19 pandemic. These included reduced business hours and self-restraint in nonessential and nonurgent outings and travel. As a result, Credit Saison has lowered its outlook on operating revenue from the previous forecast. At the same time, however, improvements in credit quality reduced bad-debt-related costs, while structural reform reduced personnel expenses. In view of this background, there are no changes in the forecast of business results in terms of operating income, ordinary income and net income.
The forecast of full-year consolidated business results is unchanged from the previous forecast, as net revenue in the Finance Business and Real-Estate-Related Business is expected to exceed the previous forecast.
Reference: Forecast of Consolidated Full-year Business Results for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)
Net income | |||||||||||||
Net revenue | Business profit | attributable to | Basic earnings per | ||||||||||
owners of the | share | ||||||||||||
parent | |||||||||||||
Previously announced forecast | ¥299,500 million | ¥52,000 million | ¥36,500 million | ¥233.58 | |||||||||
(Reference) Business results in | ¥282,625 million | ¥48,352 million | ¥36,132 million | ¥231.24 | |||||||||
previous fiscal year (FY2021) | |||||||||||||
Note: The above figures were compiled using assumptions and forecasts that are the basis for future outlooks and plans current as of the date of publication. Actual results may differ from forecast figures due to a wide range of factors.
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Credit Saison Co. Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 06:12:10 UTC.