ANNUAL REPORT 2011 for the year ended March 31, 2011

Consolidated Statements of Income

Credit Saison Co., Ltd. and Consolidated Subsidiaries
For the Years ended March 31, 2011 and 2010


  Millions of yen   Thousands of
U.S. dollars
(Note 2)
2011 2010   2011
Operating Revenues (Note 16):        
Income from the credit service business ¥229,536 ¥248,323   $2,760,508
Income from the lease business 14,437 12,572   173,629
Income from the finance business 15,261 15,955   183,539
Income from the real estate related business 12,118 14,073   145,732
Income from the entertainment business 13,928 14,638   167,493
Financial income 433 1,295   5,211
Total operating revenues 285,713 306,856   3,436,112
Operating Expenses:        
Selling, general and administrative expenses 235,759 246,306   2,835,338
Financial cost 22,577 24,377   271,523
Total operating expenses 258,336 270,683   3,106,861
Operating Income 27,377 36,173   329,251
Non-Operating Revenues:        
Gain on sales of property and equipment and intangible assets 189 -   2,275
Gain on sales of investment securities - 59   -
Gain on redemptions of investment securities - 46   -
Gain on changes in equity interest - 297   -
Dividend income 2,190 985   26,333
Equity in earnings of equity method-affiliated companies 2,010 598   24,171
Other 2,559 2,641   30,781
Total non-operating revenues 6,948 4,626   83,560
Non-Operating Expenses        
Loss on devaluation of investment securities 551 827   6,626
Impairment loss 156 265   1,879
Loss on business restructuring of subsidiaries - 394   -
Provision of allowance for doubtful accounts - 1,500   -
Loss on changes in equity interest - 0   -
Loss on adjustment for changes of accounting standard for asset retirement obligations (Note 3 (X)) 1,177 -   14,156
Losses from a natural disaster (Note 15) 9,986 -   120,102
Other 998 1,899   11,995
Total non-operating expenses 12,868 4,885   154,758
Non-Operating Expenses, net (5,920) (259)   (71,198)
Income before Income Taxes and Minority Interests 21,457 35,914   258,053
Income Taxes (Note 14):        
Current 7,988 12,392   96,068
Deferred 365 4,636   4,388
Net Income before Minority Interests 13,104 18,886   157,597
Minority interest in net income 274 206   3,303
Net Income ¥12,830 ¥18,680   $154,294

Per Share Data (Notes 3 (U) and 22) Yen   U.S. dollars
(Note 2)
2011 2010   2011
Equity ¥1,879.98 ¥1,845.82   $22.610
Net income, basic 69.86 102.48   0.840
Net income, diluted 69.41 102.30   0.835
Cash dividends 30.00 30.00   0.361

The accompanying notes are an integral part of these statements.

back to pagetop