ANNUAL REPORT 2012 for the year ended March 31, 2012

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Corporate History

1951 May. Established as a retailer specializing in installment sales
1968 Jun. Listed on the First Section of the Tokyo Stock Exchange
1976 Mar. The Seibu Department Stores, Ltd. and the Company establish a shareholding relationship, 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. Seibu Card name 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. Company name changed to Credit Saison Co., Ltd.
1991 Jan. Affinity card business started
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).
1995 Jun. SAISON JCB CARD issued in cooperation with JCB Co., Ltd.
1997 Oct. SAISON American Express® Card issued through an affiliation with AMERICAN EXPRESS®
1999 Sep. Two combined credit/cash cards issued with regional banks, Shonai SAISON cards and Suruga SAISON card
2000 Aug. Net Answer, a web site for cardmembers, started
2001 Mar. Nominated for inclusion in the Nikkei Stock Average (Nikkei 225)
Nov. Supporting company contract for the Japan national soccer team concluded
2002 Feb. Shares of Saison Life Insurance Co., Ltd. transferred to GE Edison Life Insurance Co., Ltd. (currently Gibraltar Life Insurance Co., Ltd.).
New membership point service SAISON Dream started (currently Eikyufumetsu Points, or SAISON Permanent Points in English).
Started "Saison Eikyufumetsu Points" ("Saison Permanent Points" in English)
2003 Jan. Begins using SAISON CARD EXPRESS for speedy online card issuance
Aug. Agreement reached on a comprehensive alliance with the card division of Idemitsu Kosan Co., Ltd. (Idemitsu Card mydoplus issued in April 2004)
Sep. Super Value Plus, an insurance product exclusively for cardmembers, issued through a business alliance between Credit Saison, Saison Automobile and Fire Insurance Co., Ltd. and Sompo Japan Insurance Inc.
2004 Feb. Decision 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. Basic agreement reached with Takashimaya Company, Limited on a strategic alliance in the credit card business. (TAKASHIMAYA SAISON Card issued in September 2004)
Aug. Basic agreement on forming a strategic alliance in the credit card business concluded with the Mizuho Financial Group, Inc., Mizuho Bank, Ltd. and UC CARD Co., Ltd.
2005 Apr. New credit center Ubiquitous starts operation

Mizuho Mileage Club Card SAISON issued
Oct. SAISON Platinum American Express Card issued
Dec. Credit Saison acquires additional shares of Resona Card Co., Ltd.; makes this company an equity-method affiliate
2006 Jan. Credit Saison merges with UC Card Co., Ltd. (card issuance business)
Mar. New loan product, SAISON Card Loan, issued
Jun. Comprehensive alliance formed with Yamada Denki Co., Ltd. in the credit card business (Yamada LABI Card launched in July of the same year)
Jul. Agreements to form a business alliance with The Shizuoka Bank, Ltd. (Shizugin Saison Card Co., Ltd. established in October 2006 and ALL-S Card issued in April 2007)
Oct. Eikyufumetsu.com online shopping mall opened

JPN COLLECTION SERVICE CO., LTD.
listed on the Hercules Section of the Osaka Securities Exchange
Nov. Shareholder agreement signed with Daiwa House Industry Co., Ltd. and joint venture established (Heart One Card issued in May 2007)
2007 Mar. Saison Asset Management Co., Ltd. launches own investment trusts Agreement for comprehensive alliance with Yamaguchi Financial Group, Inc. (YM Saison Card issued in October 2007)
Jun./Jul. Maximum interest rate for cash advances reduced to 18%
Oct. Establishment of Qubitous Co., Ltd., the industry's first comprehensive processing service specialist
(Qubitous 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)
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)
Apr. Started operation of Akagi Nature Park
Jun. Strengthened alliance with AMERICAN EXPRESS®
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.

Nov.
Tie-up with China UnionPay for affiliated store operations in Japan

Made possible to use eikyufumetsu points for net shopping
2012 Apr. Started handling "Flat 35 Plus" mortgage loan packages
Jun. Established a representative office in Hanoi, Vietnam
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