Credit Saison spins off amusement unit, refocuses on finance

Credit Saison announced an agreement for a company split and share transfer, effective April 1, 2026. This move will transfer businesses other than the amusement segment of its consolidated subsidiary, Concerto Inc., to a newly established wholly-owned subsidiary, SAISON PRIME inc. Subsequently, all shares of Concerto Inc. will be transferred to Takamitsu Eguchi, Concerto's representative director and president.

The absorption-type split will transfer Concerto's real estate leasing, leasing, and garden/cafe businesses to SAISON PRIME inc. As of March 31, 2025, the businesses to be split off reported sales of JPY 2,724m, with total assets of JPY 33,079m and total liabilities of JPY 2,618m. The share transfer involves 39,374,564 shares of Concerto Inc., representing 100% ownership, with Credit Saison retaining 0% after the transfer. The transfer price will not be disclosed but is expected to be less than 15% of Credit Saison's consolidated net assets for the most recent fiscal year.