ANNUAL REPORT 2012 for the year ended March 31, 2012

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

26. SEGMENT INFORMATION

For the years ended March 31, 2012 and 2011

Under ASBJ Statement No. 17, "Accounting Standard for Segment Information Disclosures," and ASBJ Guidance No. 20, "Guidance on Accounting Standard for Segment Information Disclosures," an entity is required to report financial and descriptive information about its reportable segments. Reportable segments are operating segments or aggregations of operating segments that meet specified criteria. Operating segments are components of an entity about which separate financial information is available and such information is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Generally, segment information is required to be reported on the same basis as is used internally for evaluating operating segment performance and deciding how to allocate resources to operating segments.

(A) DESCRIPTION OF REPORTABLE SEGMENTS

The Companies’ reportable segments are those for which separate financial information is available and regular evaluation by the Board of Directors meeting is performed in order to decide how resources are allocated among the Companies.

The Companies conduct business activities directly with customers based on the services by market and target customer.

Accordingly, Credit Service Business, Lease Business, Finance Business, Real Estate Related Business and Entertainment Business comprise the Companies’ reporting segments.

The Credit Service Business segment consists of the Companies’ core credit card business and various peripheral businesses closely linked with the credit card business.

The Lease Business segment consists mainly of the leasing of office equipment and other assets.

The Finance Business segment consists of the credit guarantee business and other finance-related businesses.

The Real Estated Related Business segment consists of the real estate business, real estate lease business and other businesses.

The Entertainment Business segment consists of amusement businesses, mainly indoor recreation facilities.

(B) METHODS OF MEASUREMENT OF THE AMOUNTS OF OPERATING REVENUES, PROFIT (LOSS), ASSETS, LIABILITIES AND OTHER ITEMS FOR EACH REPORTABLE SEGMENT

The accounting policies of each reportable segment are consistent with those disclosed in Note 2, "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES."

(C) Information about operating revenues, profit (loss), assets and other items is as follows:


Year ended
March 31, 2012
Reportable segment
Millions of yen
Operating revenues Total Segment
profit
(loss)
Segment
assets
Depreciation Financial
cost
Credit
cost
Investment
in equity
method-affiliated
companies
Increase in
property,
plant and
equipment
and intangible
assets
Outside
customers
Inter
segment
Credit service ¥197,931 ¥ 944 ¥198,875 ¥27,161 ¥1,464,670 ¥10,494 ¥11,290 ¥22,948 ¥40,372 ¥31,138
Lease 14,646 24 14,670 5,099 247,157 236 3,063 3,578 176
Finance 15,469 246 15,715 7,781 106,415 216 1,172 3,325 74
Real Estate related 2,973 86 3,059 (10,174) 330,637 833 4,645 751 8,378
Entertainment 12,990 9 12,999 2,066 16,058 2,552 34 2,545
Total 244,009 1,309 245,318 31,933 2,164,937 14,331 20,204 30,602 40,372 42,311
Reconciliations (1,309) (1,309) (67) (9,031) (3) (246) 70
Consolidated ¥244,009 ¥ - ¥244,009 ¥31,866 ¥2,155,906 ¥14,328 ¥19,958 ¥30,672 ¥40,372 ¥42,311

Year ended
March 31, 2011
Reportable segment
Millions of yen
Operating revenues Total Segment
profit
(loss)
Segment
assets
Depreciation Financial
cost
Credit
cost
Investment
in equity
method-affiliated
companies
Increase in
property,
plant and
equipment
and intangible
assets
Outside
customers
Inter
segment
Credit service ¥229,925 ¥ 948 ¥230,873 ¥15,973 ¥1,493,232 ¥11,575 ¥13,953 ¥56,577 ¥24,785 ¥31,261
Lease 14,437 14 14,451 5,038 241,474 226 2,957 3,569 300
Finance 15,305 275 15,580 6,796 121,795 255 1,220 4,108 133
Real Estate related 12,118 204 12,322 (2,182) 365,522 787 4,679 1,976 2,797
Entertainment 13,928 12 13,940 1,737 20,097 2,978 44 3,576
Total 285,713 1,453 287,166 27,362 2,242,120 15,821 22,853 66,230 24,785 38,067
Reconciliations (1,453) (1,453) 15 (10,873) (4) (276) (12)
Consolidated ¥285,713 ¥ - ¥285,713 ¥27,377 ¥2,231,247 ¥15,817 ¥22,577 ¥66,218 ¥24,785 ¥38,067

Year ended
March 31, 2012
Reportable segment
Thousands of U.S. dollars
Operating revenues Segment
profit
(loss)
Segment
assets
Depreciation Financial
cost
Credit
cost
Investment
in equity
method-affiliated
companies
Increase in
property,
plant and
equipment
and intangible
assets
Outside
customers
Inter
segment
Total
Credit service $2,409,676 $11,491 $2,421,167 $330,671 $17,831,390 $127,763 $137,446 $279,378 $491,506 $379,079
Lease 178,300 292 178,592 62,083 3,008,977 2,871 37,290 43,554 2,142
Finance 188,331 2,990 191,321 94,731 1,295,531 2,634 14,270 40,486 897
Real Estate related 36,162 1,050 37,242 (123,857) 4,025,291 10,146 56,554 9,141 101,996
Entertainment 158,150 109 158,259 25,135 195,489 31,060 412 30,990
Total 2,970,649 15,932 2,986,581 388,763 26,356,678 174,474 245,972 372,559 491,506 515,104
Reconciliations (15,932) (15,932) (820) (109,951) (44) (2,990) 855
Consolidated $2,970,649 $ - $2,970,649 $387,943 $26,246,727 $174,430 $242,982 $373,414 $491,506 $515,104

RELATED INFORMATION

(A) INFORMATION ABOUT PRODUCTS AND SERVICES

Years ended March 31, 2012 and 2011 were as follows:
The Company omitted this disclosure because the information is similar to the information disclosed under the segment information.

(B) INFORMATION ABOUT GEOGRAPHIC REGION

(i) Operating Revenues

Years ended March 31, 2012 and 2011 were as follows:
The Company omitted this disclosure because operating revenues to external customers within Japan account for more than 90% of operating revenues reported in the consolidated statements of income.

(ii) Tangible Property and Equipment

The Company omitted this disclosure because property and equipment within Japan account for more than 90% of the property and equipment reported in the consolidated balance sheets.

(C) INFORMATION ABOUT MAJOR CUSTOMERS

Years ended March 31, 2012 and 2011 were as follows:
The Company omitted this disclosure because no operating revenues to any specific external customer account for 10% or more of operating revenues reported in the consolidated statements of income.

INFORMATION REGARDING IMPAIRMENT LOSSES ON PROPERTY AND EQUIPMENT

Years ended March 31, 2012 and 2011 were as follows:


  Millions of yen   Thousands of U.S. dollars
2012 2011   2012
Loss on
impairment
Loss on
impairment
  Loss on
impairment
Credit service ¥ 8 ¥ —   $ 97
Lease  
Finance  
Real Estate related 31 88   373
Entertainment 9 68   108
Total 48 156   578
Reconciliations  
Consolidated ¥48 ¥156   $578

INFORMATION REGARDING AMORTIZATION OF GOODWILL AND UNAMORTIZED BALANCE OF GOODWILL

Years ended March 31, 2012 and 2011 is as follows:
There was no significant amortization of goodwill or unamortized balance of goodwill.

INFORMATION REGARDING GAINS ARISING FROM NEGATIVE GOODWILL

Years ended March 31, 2012 and 2011 were as follows:
There were no significant gains from negative goodwill.


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