ANNUAL REPORT 2013 for the year ended March 31, 2013

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Credit Saison Co., Ltd. and Consolidated Subsidiaries
For the year ended March 31, 2013

26. SEGMENT INFORMATION

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 Estate 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."

For the years ended March 31, 2013 and 2012


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


Year ended
March 31, 2013
Reportable segment
Millions of yen
Operating revenues Segment
profit
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 ¥189,476 ¥ 1,008 ¥190,484 ¥24,192 ¥1,457,586 ¥ 8,944 ¥ 9,329 ¥17,140 ¥49,095 ¥23,221
Lease 14,409 25 14,434 6,147 255,002 208 3,036 2,153 182
Finance 17,208 119 17,327 8,985 95,655 151 1,031 3,812 85
Real Estate
 related
9,723 84 9,807 955 315,355 930 1,634 (50) 9,736
Entertainment 13,589 8 13,597 2,104 18,580 2,812 11 1,535 3,445
Total 244,405 1,244 245,649 42,383 2,142,178 13,045 15,041 23,055 50,630 36,669
Reconciliations (1,244) (1,244) (71) (376) (4) (119) 75
Consolidated ¥244,405 ¥    ― ¥244,405 ¥42,312 ¥2,141,802 ¥13,041 ¥14,922 ¥23,130 ¥50,630 ¥36,669

Year ended
March 31, 2012
Reportable segment
Millions of yen
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 ¥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

Thousands of U.S. dollars
Year ended
March 31, 2013
Reportable segment
Operating revenues Segment
profit
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 $2,012,476 $10,712 $2,023,188 $256,952 $15,481,544 $95,001 $99,097 $182,055 $521,457 $246,634
Lease 153,046 268 153,314 65,290 2,708,463 2,210 32,243 22,867 1,935
Finance 182,776 1,260 184,036 95,434 1,015,983 1,599 10,951 40,484 902
Real Estate
 related
103,275 893 104,168 10,141 3,349,492 9,881 17,350 (531) 103,415
Entertainment 144,339 84 144,423 22,346 197,343 29,865 115 16,299 36,588
Total 2,595,912 13,217 2,609,129 450,163 22,752,825 138,556 159,756 244,875 537,756 389,474
Reconciliations (13,217) (13,217) (751) (3,997) (39) (1,261) 799
Consolidated $2,595,912 $     ― $2,595,912 $449,412 $22,748,828 $138,517 $158,495 $245,674 $537,756 $389,474

RELATED INFORMATION

(A) INFORMATION ABOUT PRODUCTS AND SERVICES

Years ended March 31, 2013 and 2012, 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, 2013 and 2012, 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, 2013 and 2012, 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, 2013 and 2012, were as follows:


  Millions of yen   Thousands of U.S. dollars
2013 2012   2013
Loss on
impairment
Loss on
impairment
  Loss on
impairment
Credit service ¥27 ¥8   $283
Lease  
Finance  
Real Estate related 31  
Entertainment 7 9   74
Total 34 48   357
Reconciliations  
Consolidated ¥34 ¥48   $357

INFORMATION REGARDING AMORTIZATION OF GOODWILL AND UNAMORTIZED BALANCE OF GOODWILL

Years ended March 31, 2013 and 2012, were 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, 2013 and 2012, were as follows:

There were no significant gains from negative goodwill.


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