ANNUAL REPORT 2011 for the year ended March 31, 2011

Corporate History

1951 May. The Company is established as a retailer specializing in installment sales.
1968 Jun. The Company is listed on the First Section of the Tokyo Stock Exchange.
1976 Mar. The Seibu Department Stores, Ltd. and the Company establish a shareholding relationship and develop a consumer credit system for the Saison Group.
1980 Aug. The Company's name is changed from Midoriya Department Stores to Seibu Credit Co., Ltd.
1982 Aug. Credit Saison begins to build a nationwide network of Saison Counters to process Seibu Card issues, and to install automated cash dispensers.
1983 Mar. The name Seibu Card is changed to SAISON CARD.
1988 Jul. Developed an international credit card with no membership fees through a tie-up with Visa and MasterCard
1989 Oct. The Company's name is changed to Credit Saison Co., Ltd.
1991 Jan. The affinity card business is started.
Total transaction volume surpasses ¥1 trillion.
1992 Apr. Credit Saison begins to issue Saison Postal Savings Cards, the first cards in Japan to support signature-less transactions (in Seiyu food outlets).
Total number of cardmembers surpasses 10 million.
1995 Jun. SAISON JCB CARD is issued in cooperation with JCB Co., Ltd.
1997 Oct. SAISON American Express® Card is issued through an affiliation with AMERICAN EXPRESS®.
1999 Sep. Issues 2 combined credit/cash cards with regional banks, Shonai SAISON cards and Suruga SAISON card.
Total transaction volume surpasses ¥2 trillion.
2000 Aug. Net Answer, a web site for cardmembers, is started.
2001 Mar. Nominated for inclusion in the Nikkei Stock Average (Nikkei 225).
Nov. A supporting company contract for the Japan national soccer team is concluded.
2002 Feb. Transfers shares of Saison Life Insurance Co., Ltd. to GE Edison Life Insurance Co., Ltd. (currently AIG Edison Life Insurance Company). New membership point service SAISON Dream is started (currently Eikyufumetsu Points, or SAISON Permanent Points in English). Started "Saison Eikyufumetsu Points" ("Saison Permanent Points" in English.)

Became top credit card issuer in Japan.
2003 Jan. Begins using SAISON CARD EXPRESS for speedy online card issuance.
Aug. An agreement is reached on a comprehensive alliance with the card division of Idemitsu Kosan Co., Ltd. (Idemitsu Card mydoplus is issued in April 2004.)
Sep. Super Value Plus, an insurance product exclusively for cardmembers, is issued through a business alliance between Credit Saison, Saison Automobile and Fire Insurance Co., Ltd. and Sompo Japan Insurance Inc.
2004 Feb. A decision is made to form a strategic equity and business tie-up with Resona Holdings, Inc. (Resona Card+S (Resona Card SAISON) is issued in October 2004.)
Apr. A basic agreement is reached with Takashimaya Company, Limited on a strategic alliance in the credit card business. (TAKASHIMAYA SAISON Card is issued in September 2004.)
Aug. A basic agreement on forming a strategic alliance in the credit card business is concluded with the Mizuho Financial Group, Inc., Mizuho Bank, Ltd. and UC CARD Co., Ltd.
2005 Apr. The new credit center Ubiquitous starts operation.

Mizuho Mileage Club Card SAISON is issued.
Oct. SAISON Platinum American Express Card is issued.
Dec. Credit Saison acquires additional shares of Resona Card Co., Ltd., making this company an equity-method affiliate.
2006 Jan. Credit Saison merges with UC Card Co., Ltd.
(card issuance business.) Total number of cardmembers surpasses 20 million.
Mar. A new loan product, SAISON Card Loan, is issued.
Jun. A comprehensive alliance is formed with Yamada Denki Co., Ltd. in the credit card business.
(Yamada LABI Card launched in July of the same year.)
Jul. Agrees to form a business alliance with The Shizuoka Bank, Ltd. (Shizugin Saison Card Co., Ltd. is established in October 2006 and the ALL-S Card is issued in April 2007.)
Oct. The online shopping mall is opened.

JPN COLLECTION SERVICE CO., LTD. is listed on the Hercules Section of the Osaka Securities Exchange.
Nov. A shareholder agreement is signed with Daiwa House Industry Co., Ltd. and a joint venture is established. (Heart One Card is issued in May 2007.)
Total transaction volume surpasses ¥5 trillion. (non-consolidated.)
2007 Mar. Saison Asset Management Co., Ltd. launches its own investment trusts.
Reached agreement for comprehensive alliance with Yamaguchi Financial Group, Inc. (YM Saison Card issued in October 2007)
Jun./Jul. The maximum interest rate for cash advances is reduced to 18%.
Oct. Establishment of Qubitous Co., Ltd., the industry's first comprehensive processing service specialist.
(Qubitous is made a consolidated subsidiary in April 2008.)
Integration of SAISON and UC point services (application of SAISON Permanent Points to the UC Card point system).
Issuance of the SAISON NEXT Card, successor to the Postal Savings Card.
2008 Jun. Launch of the rental business (commencement of home appliance rental in an alliance with Yamada Denki).
Sep. Absorption by merger of LAWSON CS Card, Inc.
Oct. Launch of the new credit operation center "Kansai Ubiquitous."
2009 Apr. Began to accept applications for Mitsui Shopping Park Card Saison.
Oct. Affiliation with Kyushu Railway Company, issue of a common card for the whole of JR Kyushu Group "JQ CARD Saison."
2010 Mar. Basic agreement reached on comprehensive business alliance with SEVEN & i FINANCIAL GROUP CO., LTD.
(2011 Feb. Sogo & Seibu Card business is split off into a new joint venture.)
Jun. Strengthened alliance with AMERICAN EXPRESS®.
Aug. Issued first prepaid card for domestic use in conjunction with Visa.
Sep. services opened up to all customers aged 16 or over.
Sep. Formed partnership with Walmart Japan Holdings G.K., and began to accept applications for Walmart Card SAISON.
2011 Jul. Issued the NEO Money international prepaid card targeting Japanese residents traveling outside Japan.
Aug. Tie-up with China UnionPay for affiliated store operations in Japan.
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