Premio Card Partnerships, Licensing and Credit Risk
First written in FY2016. 3 of 10 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「In the U.S. credit card business, the launch of credit card products with new benefits and the weaker yen contributed to sales of ¥3,064 million, up 1.2% from the previous fiscal year. Operating income was ¥578 million, up 17.8% from the previous fiscal year, reflecting lower fees paid to local partner banks and the weaker yen.」
The Americas and Europe, including the card business, reported higher sales and higher operating income, driven by new product launches and improved expenses. - FY2025-H1MaterialisedAnnual report
「Operating income was ¥283 million, down 2.7% year on year, as sales declined and fees paid to financial institutions continued to increase due to persistently high U.S. dollar interest rates.」
Continued increases in fees paid to financial institutions due to persistently high U.S. dollar interest rates are having a direct impact on operating income from the U.S. card business. - FY2024WorsenedAnnual report
「Funding for payments incurs interest expense, which is borne by local financial institutions and our Group, creating a risk that higher U.S. dollar interest rates will increase interest costs.」
In addition to the existing partnership, licensing and credit risks, the disclosure explicitly identifies higher funding costs for the card business resulting from rising U.S. dollar interest rates. - FY2023-Q1MitigatedAnnual report
「In the US credit card business, membership also began to increase year on year, while spending continued to trend upward. Revenue was ¥1,586 million, up 38.0% year on year, and operating profit was ¥155 million, up 59.0%.」
The number of U.S. credit card members and spending, which had declined due to COVID-19, have begun to increase, partially reducing the impact on the card business. - FY2021-Q3MaterialisedAnnual report
「The Global business, which provides claims agent services for overseas travel insurance, medical support services for expatriates, including healthcare programs, and credit card issuance services, was affected by the decline in overseas travelers and credit card spending due to COVID-19. Revenue was ¥3,363 million, down 28.5% year on year, while operating profit was ¥230 million, down 69.4%.」
The decline in overseas travel and card usage caused by COVID-19 has continued to materialize as declines in revenue and operating profit in the global business, including card issuance BPO. - FY2021-Q1MaterialisedAnnual report
「The Global business, which provides claims agency services for overseas travel insurance, medical support services for expatriates through healthcare programs, and BPO services for credit card issuance, was affected by a decline in overseas travelers and lower credit card spending due to COVID-19. Revenue was ¥1,196 million, down 23.0% year on year, and operating profit was ¥136 million, down 50.6%.」
The decline in overseas travel and card usage caused by COVID-19 has materialized as declines in revenue and operating profit in the global business, including card issuance BPO. - FY2020WorsenedAnnual report
「In the US credit card issuance BPO service, the use of air travel for domestic and international travel has declined, and the amount of card payments has consequently been trending downward. If these conditions continue for an extended period, they could affect earnings.」
The downward trend in card payment volumes resulting from reduced air travel was added as a card business risk associated with COVID-19. - FY2019RestatedAnnual report
「If the three-company partnership is dissolved, transaction terms are changed, or approvals and licenses from financial regulators are revoked for any reason, this could affect the performance of the division and make it difficult to continue the business.」
It reiterates the risks relating to Premio Card's three-company partnership, transaction terms, approvals and licenses, and credit. - FY2017RestatedAnnual report
「If the three-company partnership is dissolved, transaction terms are changed, or approvals and licenses from financial regulators are revoked for any reason, this could affect the performance of the division and make it difficult to continue the business.」
It reiterates the risks relating to Premio Card's three-company partnership, transaction terms, approvals and licenses, and credit. - FY2016First statedAnnual report
「If the three-company partnership is dissolved, transaction terms are changed, or approvals and licenses from financial regulators are revoked for any reason, this could affect the performance of the division and make it difficult to continue the business. In addition, customer identification, credit screening and the setting of credit limits when issuing the card are conducted using standards and expertise unique to our group.」
It states that the three-company partnership with a local financial institution and a Japanese airline, approvals and licenses from financial regulators, credit screening and delinquent receivables could affect the continuation and results of the card business.