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Credit Saison Co Ltd (8253.T)

8253.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Credit Saison names Teruyuki Maekawa as new chairman
Wednesday, 24 Feb 2016 01:00am EST 

Credit Saison Co Ltd:Names Teruyuki Maekawa as new chairman of the board of the co, effective March 1.  Full Article

Credit Saison forgives debts for unit ATRIUMREALTY Co., Ltd.
Wednesday, 24 Feb 2016 01:00am EST 

Credit Saison Co Ltd:To forgive debts borrowed by its Tokyo-based wholly owned subsidiary ATRIUMREALTY Co., Ltd., with total amount of 62,235,288,236 yen.  Full Article

Credit Saison revises consolidated full-year outlook for FY 2016
Friday, 5 Feb 2016 01:00am EST 

Credit Saison Co Ltd:Says the company raised the consolidated full-year outlook for revenue to 273,000 million yen from 270,000 million yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 37,500 million yen from 53,000 million yen.Sees a decrease of ordinary profit forecast to 48,500 million yen from 60,000 million yen.Sees a decrease of net profit forecast to 28,000 million yen from 38,500 million yen.Sees a decrease of earnings per share to 171.43 yen from 209.30 yen.FY 2016 revenues of 268.66 billion yen, net profit of 35.97 billion yen – Thomson Reuters I/B/E/S.  Full Article

Credit Saison completes share repurchase and announces change of top shareholder
Tuesday, 8 Dec 2015 08:30pm EST 

Credit Saison Co Ltd:Completed repurchase of 20,617,000 shares of its common stock, at the price of 47,831,440,000 yen in total, on Dec. 9.Previous plan disclosed on Dec. 8.Mizuho Bank, Ltd's voting rights in the company has decreased to 2.86 pct (4,675,591 shares) from 13.47 pct (24,768,691 shares) and Mizuho Bank, Ltd will no longer as top shareholder of the company.  Full Article

Credit Saison to repurchase shares
Tuesday, 8 Dec 2015 02:00am EST 

Credit Saison Co Ltd:To repurchase up to 21,000,000 shares of its common stock, representing 11.41 pct of outstanding on Dec. 9.Share repurchase price is 2,320 yen per share, the closing price of Dec. 8, or 48,720 mln yen in total.  Full Article

Credit Saison raises consolidated full-year outlook for FY 2016
Monday, 9 Nov 2015 01:00am EST 

Credit Saison Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 270,000 million yen from 268,000 million yen for FY ending March 2016.Operating profit forecast increased to 53,000 million yen from 50,000 million yen.Ordinary profit forecast increased to 60,000 million yen from 54,500 million yen.Net profit attributable to parent company's shareholders forecast increased to 38,500 million yen from 35,000 million yen.Earnings per share increased to 209.30 yen from 190.60 yen.FY 2016 revenues of 269.05 billion yen, net income of 35.38 billion yen – Thomson Reuters I/B/E/S.Comments the sales increase from real estate subsidiaries is the main reason for the forecast.  Full Article

Credit Saison to dissolve subsidiary
Thursday, 5 Nov 2015 02:00am EST 

Credit Saison Co Ltd:To dissolve a Tokyo-based wholly owned subsidiary, which has been engaged in sale of real estate, on Nov. 15.  Full Article

R&I affirms Credit Saison Co Ltd's rating at "A+" and announces stable outlook
Friday, 16 Oct 2015 02:00am EDT 

Credit Saison Co Ltd:R&I affirms Credit Saison Co Ltd's rating at "A+" and announces stable outlook.  Full Article

PT Modern Internasional Tbk and Credit Saison Co Ltd set up joint venture company
Tuesday, 22 Sep 2015 08:00pm EDT 

PT Modern Internasional Tbk:Company and Credit Saison Co Ltd established PT Saison Modern Finance, a joint venture company, on Sept. 17.PT Saison Modern Finance has an authorized capital of 100 bln rupiah and will be engaged in financing services.Credit Saison Co Ltd owns 70 pct of the joint venture company, while PT Modern Internasional Tbk owns the remaining 30 pct.  Full Article

Credit Saison revises full-year consolidated outlook for FY 2015
Monday, 27 Apr 2015 02:00am EDT 

Credit Saison Co Ltd:Full-year consolidated outlook for revenue of 259,000 mln yen raised from 256,000 mln yen, for fiscal year ended March 31, 2015.Full-year operating profit outlook of 40,000 mln yen lowered from 42,000 mln yen.Full-year ordinary profit outlook of 43,500 mln yen lowered from 49,000 mln yen.Full-year net profit outlook of 11,500 mln yen lowered from 32,000 mln yen.Full-year earnings per share outlook of 62.63 yen lowered from 174.26 yen.Revenue outlook raised due to recovery of individual level consumption and profit outlook lowered due to provision for loss on interest repayment, extraordinary loss on interface system in development and increased corporate tax.FY 2015 revenue of 256,700 mln yen and net income of 27,850 mln yen - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Credit Saison to issue 15-year bond - Nikkei

* Credit saison co will sell a 15-year bond as more cardholders spread out their payments over lengthier periods - nikkei