ANNUAL REPORT 2012 for the year ended March 31, 2012

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CONSOLIDATED STATEMENTS OF INCOME

Credit Saison Co., Ltd. and Consolidated Subsidiaries
For the years ended March 31, 2012 and 2011


  Millions of yen   Thousands of
U.S. dollars
(Note 2)
2012 2011   2012
Operating Revenues(Note 19):        
Income from the credit service business ¥197,494 ¥229,536   $2,404,362
Income from the lease business 14,645 14,437   178,297
Income from the finance business 15,446 15,261   188,040
Income from the real estate related business 2,967 12,118   36,115
Income from the entertainment business 12,990 13,928   158,150
Financial income 467 433   5,685
Total operating revenues 244,009 285,713   2,970,649
Operating Expenses:        
Selling, general and administrative expenses 192,185 235,759   2,339,724
Financial costs 19,958 22,577   242,982
Total operating expenses 212,143 258,336   2,582,706
Operating Income 31,866 27,377   387,943
Non-Operating Revenues:        
Gain on sales of property and equipment and intangible assets 189  
Gain on sales of investment securities 174   2,116
Gain on sales of investments in subsidiaries and affiliates 7,140   86,925
Gain on reversal of allowance for losses from a natural disaster (Note 16) 5,492   66,863
Dividend income 969 2,190   11,800
Equity in earnings of equity method-affiliated companies 3,796 2,010   46,210
Other 2,648 2,559   32,241
Total non-operating revenues 20,219 6,948   246,155
Non-Operating Expenses:        
Loss on devaluation of investment securities 570 551   6,934
Impairment losses 48 156   578
Loss on business restructuring of subsidiaries (Note 17) 59,796   727,971
Loss on adjustment for changes of accounting standard for asset retirement obligations 1,177  
Losses from a natural disaster (Note 18) 210 9,986   2,562
Loss on revision of retirement benefit plan (Note 14) 1,658   20,187
Other 517 998   6,309
Total non-operating expenses 62,799 12,868   764,541
Non-Operating Expenses, net (42,580) (5,920)   (518,386)
Income (loss) before Income Taxes and Minority Interests (10,714) 21,457   (130,443)
Income Taxes(Note 15):        
Current 12,967 7,988   157,858
Deferred (33,488) 365   (407,691)
Net Income before Minority Interests 9,807 13,104   119,390
Minority interest in net income 353 274   4,298
Net Income ¥ 9,454 ¥ 12,830   $115,092

Per Share Data(Notes 3 (T) and 25) Yen   U.S. dollars
(Note 2)
2012 2011   2012
Equity ¥1,920.65 ¥1,879.98   $23.383
Net income, basic 51.48 69.86   0.627
Net income, diluted 50.86 69.41   0.619
Cash dividends 30.00 30.00   0.365

The accompanying notes are an integral part of these statements.

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