Full-scale entry into the retail finance business in Asia

「We position the global business as our “third pillar,” after the payments and finance businesses, and operate lending and investment businesses mainly in India, Southeast Asia and Latin America.」

「インド・東南アジア・ラテンアメリカ地域にてアンダーサーブド層をメインターゲットとしたレンディング事業、Fintech及びWeb3領域を中心に有望なスタートアップやVCファンドへの投資を行うインベストメント事業を展開しております。」

「We operate a lending business focused on underserved segments in India, Southeast Asia and Latin America, as well as an investment business investing in promising startups and VC funds, primarily in fintech.」

「<Global Business> We operate a lending business targeting underserved customers mainly in India, Southeast Asia and Latin America, and an investment business investing in promising startups and venture capital funds, primarily in the FinTech and Web3 fields.」

「As a result, receivables, before allowance for doubtful accounts, reached ¥306.4 billion for the current consolidated fiscal year, up 42.4% from the end of the previous fiscal year. At HD SAISON Finance Co., Ltd. in Vietnam, we continued working to improve asset quality while expanding receivables. At the lending subsidiaries in Brazil and Mexico, we are also steadily building our investment and financing track record by developing the business and organisational structure and pursuing a partnership strategy with local partners.」

「We operate a lending business targeting underserved customers mainly in India, Southeast Asia and Latin America, and an investment business investing in promising startups and venture capital funds, primarily in the FinTech and Web3 fields. In the lending business, receivables and business profit are both growing steadily toward achievement of the medium-term management plan.」

「We position the global business as our “third pillar,” after the payments and finance businesses, and operate lending and investment businesses in India, Southeast Asia and Latin America.」

「At Kisetsu Saison Finance (India) Pvt. Ltd. (hereinafter, “Credit Saison India”), in addition to partnership lending, previously the main driver of business expansion, the number of partner companies for embedded finance, in which Credit Saison India provides direct lending in partnership with platform operators and others with large customer bases, including major mobile carriers, increased steadily. Branch lending, which provides loans to small and medium-sized enterprises and others through more than 40 branches across India, also grew steadily. As a result, receivables reached ¥171.1 billion, before allowance for doubtful accounts, at the end of the third quarter of the current consolidated fiscal year, up 75.5% from the end of the previous fiscal year. At HD SAISON Finance Co., Ltd. in Vietnam, the company continued to contribute to profits by strengthening receivables management and other functions despite market conditions. The lending subsidiary established in Brazil last year is also steadily building its investment and financing track record, and we aim to expand further in Brazil and Mexico from the next fiscal year onward.」

「At Kisetsu Saison Finance (India) Pvt. Ltd., embedded finance, in which the company partners with platform operators and others with large customer bases to provide direct lending, and branch lending, which provides loans to small and medium-sized enterprises and others through approximately 40 branches across India, grew steadily in addition to partnership lending, previously the main driver of expansion. As a result, receivables reached ¥148.8 billion, before allowance for doubtful accounts, at the end of the second quarter of the current consolidated fiscal year, up 52.6% from the end of the previous fiscal year. The company issued its first non-convertible debentures (NCDs) in August 2023 and is implementing a strategic capital policy to support sustainable growth. At HD SAISON Finance Co., Ltd. in Vietnam, the company continued to contribute to profits by strengthening credit and risk management despite market conditions. In Latin America, where lending subsidiaries were newly established this year, we began investing and providing financing in Brazil and are building a pipeline in Mexico, making steady preparations for full-scale expansion from the third quarter onward.」

「We operate a lending business providing financial services mainly to underserved customers in India and Southeast Asia, and an investment business investing in promising startups, primarily in the 3 core areas of FinTech, B2B commerce and Web3. At Kisetsu Saison Finance (India) Pvt. Ltd., which leads the lending business, digital partnership lending grew strongly. Branch lending also remained solid, with loans provided through a 30-branch network, bringing receivables to ¥120.8 billion, before allowance for doubtful accounts, at the end of the first quarter of the current consolidated fiscal year, up 23.9% from the end of the previous fiscal year. The company has also begun considering a capital strategy for sustainable growth, including local fundraising, the future acceptance of external capital and a potential local listing. In addition, we are building a platform for sharing and applying the knowledge and resources accumulated to date and preparing to expand into the new markets of Brazil and Mexico.」

「We position the global business as our “third pillar,” after the payments and finance businesses, and are expanding it mainly in Southeast Asia and India. Centred on Saison International Pte. Ltd., established in Singapore as our International Headquarter (international coordination function), we are pursuing business development across Asia and globally, with lending and investment as our core businesses.」

「Overseas, we are accelerating expansion along both the lending and investment business lines, centred on the international headquarters (IHQ) established in Singapore, to make the global business a major pillar of our operations. At Kisetsu Saison Finance (India) Pvt. Ltd. in India, lending partnerships with local FinTech companies are driving growth, and the company's total cumulative customer base has continued to expand steadily, exceeding 400,000 across the consumer and corporate segments. We are also strengthening our direct lending business, using a branch network covering all of India, and aim to achieve further growth by diversifying our business model.」

「Overseas, mainly in India and Vietnam, we are accelerating expansion along both the lending and investment business lines, centred on the international headquarters (IHQ) established in Singapore, to make the global business a major pillar of our operations.」

「Overseas, we established Saison International Pte. Ltd. in Singapore as our International Headquarter (international coordination function) and are strengthening its coordination functions and building the necessary platform to accelerate growth in the global business. In Indonesia, in addition to expanding the business through our existing base, PT. Saison Modern Finance, we are investing in and providing financing to Julo Holdings Pte. Ltd., which offers digital credit cards, to strengthen our presence in the country's B2C market.」

「Overseas, we are developing our business platform to make the global business a major pillar of our operations. At HD SAISON Finance Company Ltd. in Vietnam, we are expanding into the credit card business in addition to our existing point-of-sale instalment finance and loan businesses. At Kisetsu Saison Finance (India) Pvt. Ltd. in India and PT. Saison Modern Finance in Indonesia, we are growing loan balances, mainly through digital lending in partnership with FinTech companies. Saison Capital Pte. Ltd., which invests in and provides financing to overseas startups, mainly at the early stage, is expanding new investments while closely monitoring the COVID-19 situation. It has also launched and begun providing impact investment financing to companies that lend necessary funds to underserved individuals and micro, small and medium-sized enterprises, mainly in Asia.」

「Overseas, the company is developing its business foundation to make the global business a major pillar of its operations. HD SAISON Finance Company Ltd. in Vietnam operates an instalment finance business for individual goods, including motorcycles and home appliances, as well as a credit card business throughout Vietnam. The company is preparing its organisation to expand membership and is also working on functional development.」

「Through Saison Capital Pte. Ltd., which invests in and provides loans to early-stage overseas startups, the company is preparing to launch an impact investment business on a pilot basis. Through this business, it will contribute to achieving financial inclusion in emerging markets, particularly in Southeast Asia, while continuing its efforts toward the United Nations Sustainable Development Goals (SDGs).」

「Amid this business environment, we entered the second year of the medium-term management plan through the fiscal year ending March 2022, with “Neo Finance Company in Asia” as our medium-term management vision and “Toward a finance company that walks alongside customers for 50 years: Providing ‘peace of mind’ and ‘aha’ moments about money” as our mission statement. We are working on “a growth strategy and structural reform in the payments business,” “digital innovation and the creation of new businesses,” “further expansion of the leasing and finance businesses,” and “expansion of the earnings base for our global business with a view to the future.”」

「Amid this business environment, we entered the second year of the medium-term management plan through the fiscal year ending March 2022, with “Neo Finance Company in Asia” as our medium-term management vision and “Toward a finance company that walks alongside customers for 50 years: Providing ‘peace of mind’ and ‘aha’ moments about money” as our mission statement. We are working on “a growth strategy and structural reform in the payments business,” “digital innovation and the creation of new businesses,” “further expansion of the leasing and finance businesses,” and “expansion of the earnings base for our global business with a view to the future.”」

「• Kisetsu Saison Finance (India) Private Limited, the company’s Indian subsidiary, began its digital lending business. Under its management vision of achieving financial inclusion through the use of technology and innovation in business models, it will contribute to India’s economic growth.」

「The company positions its global business as a key future earnings base and is pursuing full-scale entry into retail finance businesses tailored to each country in fast-growing Asia. With financial inclusion for the emerging middle class as a strategic focus, the company is continuing to develop the foundation for a medium- to long-term overseas strategy and expand its business, with a view to expanding its finance business across Asia, contributing to regional economic development and forming strategic partnerships with Japanese and local companies and FinTech companies operating in each country.」

「The company positions its global business as a key future earnings base and is pursuing full-scale entry into retail finance businesses tailored to each country in fast-growing Asia. It is also continuing to develop the foundation for a medium- to long-term overseas strategy and expand its business, with a view to expanding its finance business across Asia, contributing to regional economic development and forming strategic partnerships with Japanese and local companies and FinTech companies operating in each country.」

「The company established the joint venture SIAM SAISON Co., Ltd. (hereinafter, Siam Saison) through a partnership with SCG Trading Co., Ltd., a leading company in Thailand’s construction industry, and MITSUI & CO.,LTD. Siam Saison will provide a broad range of B2B financial services, including instalment payments, for the ordering, delivery and payment of construction materials in Thailand.」

「• The company will continue developing the foundation for a medium- to long-term overseas strategy and expanding its business, with a view to expanding its finance business across Asia and forming strategic partnerships with Japanese and local companies operating in each country.」

「The company will continue developing the foundation for a medium- to long-term overseas strategy and expanding its business, with a view to expanding its finance business across Asia and forming strategic partnerships with Japanese and local companies operating in each country.」

「In areas where it has not yet entered, the company will expand local networks and business fields through strategic partnerships with leading Japanese companies and local companies operating in each country. It will advance its business expansion by entering finance markets in neighboring Asian countries, including the Philippines, Malaysia, Thailand, Myanmar and India, thereby developing the foundation for a medium- to long-term overseas strategy.」

「The company will continue developing the foundation for a medium- to long-term overseas strategy and expanding its business, with a view to expanding its finance business across Asia and forming strategic partnerships with Japanese and local companies operating in each country.」

「The company will continue developing the foundation for a medium- to long-term overseas strategy and expanding its business, with a view to expanding its presence in Asia’s non-bank finance sector and forming strategic partnerships with Japanese and local companies operating in each country.」

「The company will continue developing the foundation for a medium- to long-term overseas strategy and expanding its business, with a view to expanding its presence in Asia’s non-bank finance sector and forming strategic partnerships with Japanese and local companies operating in each country.」

「The company will continue developing the foundation for a medium- to long-term overseas strategy and expanding its business, with a view to entering the non-bank finance sector in Asia and forming strategic partnerships with Japanese and local companies operating in each country.」

「The company will continue developing the foundation for a medium- to long-term overseas strategy and expanding its business, with a view to entering the non-bank finance sector in Asia and forming strategic partnerships with Japanese and local companies operating in each country.」

「The company will continue developing the foundation for a medium- to long-term overseas strategy aimed at entering the non-bank finance sector in Asia, while considering strategic partnerships with Japanese and local companies operating in each country.」

「In China, Vietnam, Indonesia and Singapore, where the company already operates, it will accelerate the development of its retail finance business by strengthening cooperation with local companies with which it has formed capital and business alliances, including local subsidiaries, and promoting products and services tailored to consumer needs in each country. In areas where it has not yet entered, it will expand local networks and business fields through partnerships with leading Japanese companies and local companies operating in each country, while developing the foundation for a medium- to long-term overseas strategy with a view to entering the Philippines, Thailand and India.」