21 12 月, 2022

AEON Credit Revenue of First Nine Months of FY2022/23 Up by 15.2% to HK$887.4 million following Improved Market Sentiment and Successful Mass Promotion Activities

HONG KONG, Dec 21, 2022 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced its results for the nine months ended 30 November 2022 (the "reporting period" or "nine months of FY2022/23") During the reporting period, the Group's revenue rose by 15.2% to HK$887.4 million and operating profit recorded a 17.0% increase to HK$380.7 million. Meanwhile, profit after tax was up by 2.9% to HK$250.3 million, with earnings per share increasing to 59.77 HK cents for the reporting period (nine months of FY2021/22: 58.09 HK cents). Both overseas and local consumer spending showed a progressive recovery in the three months ended 30 November 2022 (the "third quarter"). The improved market sentiment, along with the Group's efforts to capture business opportunities, resulted in a notable growth in sales, which recorded an overall increase of 28.3% when compared with the nine months ended 30 November 2021 (the "previous period" or "nine months of FY2021/22"). The overall increase in sales and revolving credit card and personal loan balances drove a solid increase in interest income, and thus growth in revenue. With the launch of the acquiring service for AEON Stores in August 2021, the Group recorded an overall increase in fees and commissions of HK$25 million in the reporting period to HK$94.9 million, which also added impetus to revenue growth.Among the measures to advance business development during the reporting period, the Group launched the "Japan Travel Spending Promotion" to capitalize on the increasing overseas spending. Moreover, the Group increased its exposure in different media channels to promote its branding and products and equipped its branches with the resources needed to provide financial advisory services. Regarding the insurance intermediary business, the Group launched a new distribution partnership with Chubb Life Insurance Company Limited ("Chubb Life Hong Kong") to expand its offline and online insurance sales channels in the third quarter, allowing its customers to access and purchase a wide range of insurance products more conveniently.In terms of information technology development, the Group continued to press ahead with its new card and loan system project and the replacement of its netmember and mobile application solutions to ensure that the new systems can be launched as anticipated.Regarding sustainable development, the Group has established a sustainability-linked loan framework and entered into agreements for sustainability-linked loans (the "Loans"). The Loans are the Group's first sustainable financing initiative, and strengthen its commitment to endorsing and developing in the sustainability arena by linking the interest margin of the Loans to the improvement of the Group's environment, social and governance key performance indicators. Going forward, as international travel resumes, flight capacity is expected to gradually recover and social distancing measures will be further relaxed in the fourth quarter of the year ended 28 February 2023 (the "fourth quarter"), resulting in more sales opportunities and driving receivables growth. The Group will launch various mass promotion activities in the fourth quarter to stimulate sales growth during festival seasons and meet customers' needs during the tax season. Moreover, the Group will leverage the new partnership with Chubb Life Hong Kong to generate synergistic benefits and increase the agency fee income through different insurance distribution channels. Mr. Tomoharu Fukayama, Managing Director of AEON Credit, said, "With our dedicated efforts in promotion and catering to customers' needs, we are pleased to have achieved favourable results in the first nine months of FY2022/23. Looking ahead, we will continue to capitalize on the reviving market by launching mass promotion activities, leveraging our partnership in the insurance business, and exploring new business opportunities to diversify our revenue stream, with an aim to deliver long-term sustainable growth to our shareholders." About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

30 11 月, 2022

AEON Credit Secures its Framework for Sustainability-Linked Loans, Strengthens and Advances its Sustainability Pledge

HONG KONG, Nov 30, 2022 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced that it has secured its sustainability-linked loan framework and entered agreements for three sustainability-linked loans (the "Loans"), with Mizuho Bank, Ltd., Hong Kong Branch, MUFG Bank, Ltd., Japanese Corporate Banking Division (Hong Kong) and Sumitomo Mitsui Banking Corporation, Hong Kong Branch, (the "Lenders"), with a total carrying amount of HK$320 million and a term of three years. The Loans are the Group's first sustainable financing initiative and strengthens its commitment to endorsing and developing in the sustainability arena. Sustainability performance metrics have been set in accordance with AEON Credit's existing Sustainability Development Policy, and will be assessed on an annual basis by the external reviewer, the Hong Kong Quality Assurance Agency. As mutually agreed with the Lenders, the Group will be entitled to receive interest rate savings for the Loans as an incentive for the achievement of the predetermined sustainability-linked targets. Mr. Tomoharu Fukayama, Managing Director of AEON Credit, said, "We are delighted to have arranged the Group's sustainability-linked loan framework for bank financing, which emphasizes our long-term commitment to the advancement of sustainable development. As the basis for AEON Credit's vision, mission and core values, we are well aware that responsible corporate practices are integral to assuring the betterment of the environment and society, as well as to creating additional long-term value for our shareholders and business partners. "Through integrating sustainability-linked targets into the assessment of the Group's business and financial performance, we aim to reinforce the incorporation of sustainability practices into our operations so as to positively impact and contribute to the transformation of a greener and more sustainable capital market. Looking ahead, we will continue to proactively seek further opportunities to expand our sustainable financing portfolio and look forward to taking our stakeholders along on our sustainability journey."About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

29 9 月, 2022

AEON and CJPT Begin Logistics Improvement in Kyushu

Toyota City, Japan, Sep 29, 2022 - (JCN Newswire via SEAPRWire.com) - AEON KYUSHU Co., Ltd., AEON GLOBAL SCM Co., Ltd. and Commercial Japan Partnership Technologies Corporation (CJPT) have announced that they are working together on a logistics improvement project for the AEON Group in the Kyushu area that will solve problems faced by the logistics industry, such as soaring logistics costs and driver shortages.AEON has been working to improve efficiency at each stage of logistics, from procurement to sales, to fulfill its mission of supporting the daily lives of its customers. The company strongly believes that it is essential to collaborate with partners beyond the framework of individual companies. An example is pursuing further efficiency by viewing the entire supply chain as a continuous process, in order to solve issues related to logistics and the protection of lifestyles in an environment where all costs are rising.CJPT believes that streamlining logistics, in addition to vehicle electrification, is a path toward building a carbon-neutral society. The company has been working to minimize cargo and operation stagnation (logistics downtime) using big data and real-time processing, which are the strengths of connected-technology infrastructure.AEON and CJPT share the common desire to help solve social issues as companies that are responsible for logistics in Japan. Based on this desire, the companies have begun improving supply chain logistics in the Kyushu area by combining the logistics expertise built up by AEON KYUSHU and AEON GLOBAL SCM with the connected technologies of each company participating in CJPT. The three companies will take on the challenge of creating the future of logistics in cooperation with their partners to support the daily lives of customers.Outline of Joint Efforts by the Three Companies- Establish new operations to improve efficiency by linking each process in the supply chain- Improve efficiency by minimizing logistics downtime through the use of big data and real-time processing of connected-technology infrastructure- Promote collaboration with a wide range of partners to achieve these initiatives Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

26 9 月, 2022

AEON Credit 1H2022 Revenue Up by 11.8% to HK$571.7 Million

HONG KONG, Sep 26, 2022 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced its interim results for the six months ended 31st August 2022 ("1H2022" or the "reporting period"). During the reporting period, the Group's revenue was up by 11.8% year-on-year to HK$571.7 million and profit after tax increased by 2.6% to HK$176.8 million, with earnings per share rising to 42.21 HK cents (1H2021: 41.15 HK cents). In view of the Group's sound fundamentals and to share its fruitful results with shareholders, the Board has resolved to declare an interim dividend of 22.0 HK cents per share (1H2021: 22.0 HK cents per share), representing a dividend payout ratio of 52.1%.The Group took a number of timely initiatives during the reporting period to drive healthy growth in both sales and receivables and maintain a quality portfolio, as the market in Hong Kong was on a gradual recovery following an array of economic stimulus measures launched by the government. With an increased in the overall sales and receivables balance, the Group recorded an increase in interest income of 10.4% to HK$479.7 million 1H2022. The solid growth in revenue was also attributable to a 30.8%, or HK$14.0 million, increase in overall fees and commissions, which was driven by the continued increase in credit card sales throughout 1H2022 and the launch of the acquiring service for AEON Stores in the second half of the previous financial year. Among its various initiatives to drive business growth during the reporting period, the Group resumed mass promotion activities, and engaged celebrities for promotion as part of its brand building efforts. The Group also enhanced the reach and use cases of its existing products and services by running new promotions with a major payment solution provider in the market and revamping its physical branch network. As a result, the Group achieved a 24.2% increase in overall sales year-on-year, while the gross advance and receivable balance at 31st August 2022 recorded an increase of 12.8% when compared with the balance at 28th February 2022.Looking ahead, while the uncertainty of the Covid-19 pandemic ( the "pandemic"), the spread of global inflationary pressure and the adjustment to the Hong Kong base rate in response to the interest rate hike by the US Federal Reserve are expected to affect consumer sentiment to a certain extent in 2H2022, the easing of pandemic restrictions is anticipated to facilitate economic recovery. Presented with both challenges and opportunities, the Group will primarily focus on maintaining the momentum of sales and receivables growth, while also closely monitoring asset quality. On the marketing side, the Group will continue to launch mass promotion activities to capture any possible surge in consumer spending in the market. Moreover, the Group will further strengthen its customer relationship management and foster customer engagement through different channels. Besides, new products and digital services will be explored, and new branches will be opened in convenient locations to enable customers to experience its services.For the Mainland China businesses, the microfinance subsidiary in Shenzhen will continue to focus on seeking business opportunities in the Greater Bay Area to grow its receivables with sound asset quality. The Group will also make better use of recently acquired subsidiary as a business process centre to enhance the Group's operational effectiveness.Embracing sustainability, the Group believes that the improvement of its ESG performance is crucial to its long-term business development. The Group will continue to commit significant resources to digitalization to improve its internal operations to achieve greater sustainability and enhance its ability to respond both the continuously evolving market environment and climate change. Mr. Tomoharu Fukayama, Managing Director of AEON Credit, said, "We are pleased to have rolled out various timely initiatives in the first half of this financial year to capture the recovering consumer spending market, and thus achieved solid top-line growth. With a strong liquidity position and balance sheet, the Group is well prepared to move forward and capture new potential business opportunities to outperform and stay ahead of its peers in the face of a competitive market environment."About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

23 6 月, 2022

AEON Credit (00900) 1Q2022 Revenue up by 9.7% to HK$279.1 million

HONG KONG, Jun 23, 2022 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced its unaudited results for the three months ended 31 May 2022 ("1Q2022", or the "reporting period"). For 1Q2022, the Group's revenue increased 9.7% year-on-year to HK$279.1 million and operating profit before impairment losses and impairment allowances was up by 16.4% to HK$126.9 million. The Group recorded profit of HK$82.7 million (1Q2021: HK$97.0 million) and earnings per share of 19.74 HK cents for the reporting period.Overall sales for 1Q2022 increased by 12.3% against 1Q2021, with gross advances and receivables balance up by 4.0% relative to the amount at end of February 2022. With an increase in sales for the Group, both as a credit card issuer and acquirer and an insurance intermediary, the Group recorded a year-on-year increase of HK$7.4 million in fees and commissions, reaching a total of HK$28.9 million. Interest income, meanwhile, increased by HK$15.8 million to HK$233.9 million, driven by the continued rise in receivable balances. These, combined with the increase in handling and late charges due to the rising demand in cash advance, led to the robust growth in the Group's revenue and operating profit. However, the expectation of slow economic recovery in the reporting period in stark contrast with the expected rebound in key economic indicators in 1Q2021, resulted in a relatively significant increase in impairment losses and impairment allowances in 1Q2022, which led to the decline in profit during the reporting period, despite the solid top-line growth.As part of its strategy to cater for the shift in customer spending towards the Internet under the new normal and expand its customer base, the Group launched its first ever cashback credit card, AEON Card Wakuwaku (the "Wakuwaku card"), in May 2022, which allows cardholders to enjoy special spending rebates for online and overseas spending in Japan. Supported by celebrity endorsement to attract a younger generation of customers, it has received a favourable response with more than 5,000 Wakuwaku cards issued in the first month of its debut.Following its successful marketing and brand building efforts for the Wakuwaku card, the Group will place yet more emphasis on using both digital and traditional marketing channels to promote its credit card and personal loan products and to roll out different marketing programmes to enrich customers' user experience. Regarding its technology development endeavours, AEON Credit's card and loan system replacement project is targeted to be completed towards the end of the current financial year, after which the Group will be able to launch new payment solutions, enjoy flexibility in offering product benefits and have access to even better data analysis tools. With a strong capital position, the Group will continue to dedicate resources to the expansion of its branch network, providing higher quality customer experiences, accelerating digitalisation and exploring new investment opportunities to expand and diversify its businesses.Mr. Tomoharu Fukayama, Managing Director of AEON Credit said, "The Group is glad to have achieved positive revenue and operating profit growth in 1Q2022 despite the challenging operating environment amid the fifth wave of the Pandemic. The implementation of our strategy to address the shift in customer spending behaviour and appeal to the younger generation has made good progress with the successful launch of our Wakuwaku card. To embrace changing customer needs and capture the arising market opportunities, we will also continue to ramp up our marketing and promotions using a variety of channels and increase our technology upgrade and digitalisation efforts."About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

31 5 月, 2022

Signing of a Basic Agreement between Futaba Town, Namie Town, AEON TOHOKU, and Toyota for the Establishment of a Wide Area Mobile Retail Business in Specified Reconstruction and Revitalization Bases

Toyota City, Japan, May 31, 2022 - (JCN Newswire via SEAPRWire.com) - Futaba Town, Namie Town, AEON TOHOKU Co., Ltd. (AEON TOHOKU), and Toyota Motor Corporation (Toyota) signed a Basic Agreement today for the Establishment of a Mobile Retail Business that Uses a Fuel Cell Vehicle in Specified Reconstruction and Revitalization Bases (Basic Agreement).Images of the fuel cell mobile retail vehicle to be operated by AEON TOHOKUAim of the Basic AgreementThe two municipalities and two companies involved in the Basic Agreement aim to support residents experiencing difficulties with everyday shopping, through the establishment of a mobile retail business. Drawing on respective resources and expertise, the intention is to contribute to regional sustainability and environmental conservation to stimulate reconstruction efforts following the Great East Japan Earthquake. In this way, the four signatories aim to resolve regional issues, improve administrative services, and build sustainable cities of the future.Future InitiativesUnder the specific initiatives of the Basic Agreement, AEON TOHOKU, the main party involved, will launch on June 10 a mobile retail business serving Specified Reconstruction and Revitalization Bases and other areas in Futaba Town and Namie Town where residents have an acute need for shopping support. Centered around AEON Namie Store, the business will seek to support local residents with shopping and aim to create a community that will foster peace of mind among both residents set to return home to the two towns, and those who intend to relocate to those areas. As a result, it is hoped that the business will expedite the lifting of evacuation orders for Specified Reconstruction and Revitalization Bases in Futaba Town and Namie Town.Furthermore, working towards the realization of a carbon-neutral society by 2050, AEON TOHOKU and Toyota, together with Futaba Town and Namie Town, wish to contribute to the creation of a sustainable community of the future that utilizes hydrogen. To this end, the use of the world's first* hydrogen-powered fuel cell (FC) mobile retail vehicle will be implemented.Background to the Basic AgreementRecognizing that the retail sector is part of a region's critical infrastructure, AEON TOHOKU opened the AEON Namie Store in July 2019 to support the reconstruction of the Hamadori region of Fukushima Prefecture, which incurred significant damage from the Great East Japan Earthquake and ensuing nuclear disaster.Toyota is working together with various partners, mainly in collaboration with Fukushima Prefecture--including Namie Town, where the Fukushima Hydrogen Energy Research Field is located--and is examining how hydrogen-based technologies can be implemented to help build cities of the future using hydrogen generated in Fukushima.Primary roles of the four signatories of the Basic AgreementFutaba Town and Namie TownFutaba Town and Namie Town will provide information regarding areas in which there is an acute need for shopping support--including the demand from residents for a mobile retail option, the location of existing stores in towns, and the living conditions of senior residents. With the aim of more sustainable community building, the two towns will work together with partner companies to resolve issues faced by local residents.AEON TOHOKUAEON TOHOKU will launch a mobile retail business in areas that have an acute need for shopping support. It will also create community spaces within the two towns, and work to provide services that encourage residents to return to their hometowns.ToyotaTo facilitate these shopping support measures, Toyota aims to realize an even better mobility society that supports the creation of happiness for local communities by manufacturing innovative, safe, and high-quality products and services. The company will provide next-generation mobility in the form of the world's first fuel cell mobile retail vehicle.Going forward, Futaba Town, Namie Town, AEON TOHOKU, and Toyota intend to deepen their partnership, further revitalize the region, and create new services for the benefit of local residents.*According to research carried out by Toyota in April 2022 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

3 5 月, 2022

AEON Credit Service Launches AEON CARD WAKUWAKU at the Forefront in Addressing Consumer Spending Habits Amid New Normal

HONG KONG, May 3, 2022 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Limited ("AEON Credit Service" or the "Group"; stock code: 00900) launched its brand-new AEON CARD WAKUWAKU on 1 May 2022, marking the introduction of the Group's first CashBack credit card geared towards fans of online shopping, as part of its efforts to expand its customer base and capitalise on the growing trend of digital transactions and online shopping. The Group has also signed popular Hong Kong singer Jace Chan to act as an endorser of the newly launched credit card.AEON Credit Service launches brand-new and first CashBack credit card AEON CARD WAKU WAKUThe AEON CARD WAKUWAKU, debuted as the Group's hero product this year, targets online shopping fans and the younger generation with an array of attractive rewards and offers. Boasting simple CashBack functionality, a colourful physical appearance complemented by a fun and original character mascot "MUK MUK LUK", the brand-new credit card has been designed to gear towards younger customers in alignment with the Group's plans to broaden its market reach to new target groups. The Group has also engaged Jace Chan as an endorser of the AEON CARD WAKUWAKU for her youthful and vibrant image and her love of online shopping, which closely echoes with the credit card's function design and is expected to raise awareness of the product within the younger population. In order to stimulate spending and optimise the customer experience, AEON CARD WAKUWAKU offers a simple cash rebate system for online spending and food delivery both locally and overseas all year round. To encourage customers to get familiar with its digital systems, those who successfully apply for the AEON CARD WAKUWAKU through the "AEON HK" mobile app, which has been upgraded with greater convenience and efficiency in its credit card application function, can enjoy extra cash rebates. In addition, AEON Credit Service will also roll out the "Everywhere Spending Rewards Promotion" offer from 4 May to 10 August 2022, and the "Happy Summer Rewards" programme in collaboration with Tuen Mun Town Plaza from 5 May to 5 July 2022 to further capture the positive consumer sentiment boosted by the second round of the Consumption Voucher Scheme in Hong Kong. The Group has been making greater efforts on diversifying marketing channels and programmes so as to stay competitive and capitalise on the rebound of economic activities.Alongside the surge in e-commerce stores and online payment systems, the pandemic has provided a further boost to the growing trends of online shopping and cashless transactions, in particular within the younger generation. With the launch of the new AEON CARD WAKUWAKU, together with the signing of Jace Chan as an endorser, the Group is expected to be well positioned to capture the market opportunities arising from the changes in consumer behaviour and expand its brand presence among the younger population. Going forward, the Group will continue to refine its business model to adapt and meet evolving customer needs amid the new normal.About AEON Credit Service (Asia) Company Limited (HKEX: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk.Media InquiriesStrategic Financial Relations LimitedVicky LEE / Brigid LEE / Albert CHUTel: (852) 2864 4834 / 2114 4313 / 2114 4955E-mail: sprg_acsa@sprg.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

6 4 月, 2022

AEON Credit (00900) FY2021 Profit Up by 13.6% to HK$342.6 Million

HONG KONG, Apr 6, 2022 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced its annual results for the year ended 28 February 2022 ("FY2021"). For FY2021, the Group's revenue reached HK$1,049.6 million (FY2020: HK$1,089.9 million) and profit increased by 13.6% year-on-year to HK$342.6 million. Earnings per share increased to 81.81 HK cents (FY2020: 72.02 HK cents). The Board has recommended a final dividend of 22.0 HK cents per share, bringing the total dividend for the year to 44.0 HK cents per share, representing a dividend payout ratio of 53.8%.The profit growth was owed to the Group's efforts in building a quality credit portfolio with improved credit assessment techniques and enhancing debt management capabilities, which led to a significant 55.4% drop in impairment losses and impairment allowances to HK$94.1 million. With an increase in credit card sales and launch of the Off-us Acquiring Service for AEON Stores, the Group recorded an overall increase in fees and commissions of HK$26.4 million to HK$103.4 million for the year, which also contributed to the profit growth. To overcome headwinds its business faced, the Group launched different promotional programmes during the year to capture the ever-changing credit card spending needs and demand for personal loans of customers. Consequently, sales for the year recorded an overall increase of 21.1% when compared with FY2020. Moreover, the gross advances and receivables balance as at 28 February 2022 was up by 5.2% against 28 February 2021.Looking ahead, the Group will continue to work on its credit policy, like extending credit facilities to customers on a sustainable basis, with the aim of maximising profitability. Moreover, a new credit card product targeting the younger generations will be launched to expand the Group's customer base. Also, the Group will focus marketing and promotional activities on its own solutions designed to address changing consumer spending needs in the post-pandemic environment and also on broadening brand appeal.With the second round of the Consumption Voucher Scheme in Hong Kong forthcoming, the Group will place greater emphasis on diversifying marketing channels and programmes so as to stay competitive and capitalise on the rebound of economic activities. It will also continue to explore opportunities for opening more new branches, enhance domestic spending promotions and engage celebrities to promote its products.With the expected rise in interest rates in 2022/23 likely to cause a drop in its interest spread, the Group will actively pursue new sources of income, such as fees and commissions by bringing in more card acquiring merchants, and explore other business opportunities.On the technology development front, the card and loan system replacement project is expected to be completed in the second half of 2022/23. Subsequent to that, the Group can start promoting new product benefits with the help of enhanced digital marketing and premium user experiences or new payment solutions can be provided to customers. Moreover, with new data analytics tools, the Group will be able to enhance the effectiveness of its marketing endeavours, and credit assessment and credit management activities.Regarding its Mainland China operations, the Group will continue to focus on expansion in the Greater Bay Area by launching more loan products. Separately, the newly acquired AEON Information Service (Shenzhen) Co., Ltd. will facilitate provision of seamless support to the Group's operation, as well as give the Group unique strengths to capture new external business opportunities.Mr. Tomoharu Fukayama, Managing Director of AEON Credit said, "The Group has managed to see its business back on a steady growth track amid the prevailing COVID-19 pandemic. Nevertheless, we expect the operating environment to stay challenging and uncertain in the coming year. To thrive despite the challenges, the Group will continue to refine its business model to adapt to changing consumer behaviours and meet new customer needs in the new normal. Priding responsiveness to changes in the market and strong business relations with partners, as well as a solid liquidity position and balance sheet, we are prepared to meet the challenges ahead and move forward, and capture business opportunities when they arise."About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk. Media EnquiriesStrategic Financial Relations LimitedVicky LEE / Carol CHEUNG / Albert CHUTel: (852) 2864 4834 / 2114 2200 / 2114 4955E-mail: sprg_acsa@sprg.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

18 1 月, 2022

AEON Credit Service Launches Various Credit Card Offers Joins Hands with Customers to Fight Pandemic and Welcome Chinese New Year Peak Shopping Season

HONG KONG, Jan 18, 2022 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Limited ("AEON Credit Service" or the "Group"; stock code: 00900) has launched a number of credit card offers to help customers cope with the new wave of the pandemic as well as welcome the traditional Chinese New Year shopping season.AEON Credit Service has always put customers first and is committed to providing the most suitable offers to ensure a superior user experience. In light of the outbreak of the fifth wave of the pandemic and the approach of the Chinese New Year shopping season, the Group has decided to launch special offers for local food & beverage and overseas purchases in Japan both online and offline made with AEON credit cards, allowing customers to enjoy up to 10X bonus points*, equivalent to 4% cash rebate, for shopping and eating comfortably at home with peace of mind amid the tightening of social distancing measures. In addition, AEON credit card customers can earn extra bonus points when making purchases at AEON Stores. Details of these offers are listed below:Up to 10X Bonus Points for Local Dining and Online ShoppingFrom 11 January to 10 July 2022, AEON credit card customers can earn 5X bonus points, equivalent to 2% cash rebate for local food & beverage (applicable to both dine-ins and takeaways), and overseas purchases in Japan both online and offline Upon reaching the total monthly spending of HK$5,000, the above-designated categories' transactions can earn 10X bonus points, equivalent to 4% cash rebate; while AEON Card Premium customers can enjoy 10X bonus points on the above-designated categories.Up to 3X Bonus Points for AEON Store PurchasesCustomers can enjoy 2X bonus points when making purchases at AEON Stores with AEON Credit Card and 3X bonus points with AEON Card Premium. On the 10th day of each month during the promotional period, additional 10X bonus points can be earned. From 14 January to 20 February 2022, up to HK$300 cash coupon will be rewarded upon purchase of any combination set from a designated series of household items and electrical appliances. The Group has launched these credit card offers to meet the daily needs of customers while fighting the pandemic, allowing them to enjoy shopping and dining during the Chinese New Year and effectively stimulating consumption. AEON Credit Service will continue to implement flexible promotional strategies to respond quickly to market changes and adapt to changes in customers' lifestyles and consumption patterns. It will also continue to optimise user experience to capture market opportunities and drive stronger business growth.*AEON Credit Card 10X Bonus Points Rewards offer is applicable to the first HK$5,000 of each monthly statement of each eligible credit card for designated categories of purchase transactions. Terms and conditions apply. For details, visit the company website: www.aeon.com.hk.About AEON Credit Service (Asia) Company Limited (HKEX: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

23 12 月, 2021

AEON Credit Announces Net Profit For the First Nine Months of FY2021/22 Up by 5.6% to HK$243.3 Million Through Successful Promotion Programs and Healthy Credit Portfolio

HONG KONG, Dec 23, 2021 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; HKEX: 00900) announced today its unaudited results for the nine months ended 30 November 2021 ("nine months of FY2021/22"). Despite the unprecedented headwinds from the pandemic, the launch of various promotion programs to capture recovering credit card spending, resulted in sales for the nine months of FY2021/22 increasing by 21.0% year-on-year. However, this surge in credit card sales had yet to start pushing revolving credit card balances and personal loan receivables back up to pre-pandemic level. As a result, revenue was down 8.3% year-on-year to HK$770.3 million. Nonetheless, due to continuous efforts to refine its credit assessment process, the Group has built a healthy credit portfolio. With the economic situation and the unemployment rate continuing to improve, along with the Group's debt management efforts to reduce overdue advances and receivables proving effective, impairment losses and impairment allowances significantly dropped 63.4% year-on-year to HK$65.0 million. Consequently, the Group's profit after tax rose to HK$243.3 million, representing an increase of 5.6%. Earnings per share increased from 55.01 HK cents to 58.09 HK cents.In confronting the continuous challenges of the pandemic and to remain competitive amid rapidly shifting consumer spending behavior, the Group launched various promotion programs to capture opportunities arising from the recovery in credit card spending. Following the overwhelming success of the Ocean Park promotion, the Group launched another promotion offering 10-times bonus points for local dining and online spending over the three months ending 30 November 2021 (the "third quarter"). Moreover, a tailored tax loan rebate program was launched with the aim of expanding the personal loan customer base.In the third quarter, the Group launched the acquiring service for AEON Stores (Hong Kong) Company Limited ("AEON Stores"), which involves processing non-AEON credit card purchases inside AEON Stores. The Group also enhanced the functions of the AEON HK Mobile App, which now includes direct debit authorization and permits changing of personal identification numbers. The Group will continue to develop additional new functions for the App to enhance the customer experience, as well as develop new cards and a new loan system.Looking ahead, the unemployment rate in Hong Kong is expected to remain stable, providing potential opportunities for the Group to continue to expand its business in the fourth quarter.In order to further diversify its customer segments, the Group will continue to invest in the launch of new products and the opening of new branches during the fourth quarter. The Group will also continue to create new promotion programs, such as Winter Spending Rewards, in the fourth quarter to capture the improving consumer credit demand in a bid to increase its receivable balances.In regard to the Mainland China business, the Group will focus on developing new products and services for its microfinance subsidiary in Shenzhen and transforming its structure so as to capture future business opportunities within the Greater Bay Area.Mr. Tomoharu Fukayama, Managing Director of AEON Credit, said, "We are encouraged by the well-received promotion programs, which have allowed us to gain a better understanding of customer needs and behaviour. With clearer insight, a healthy credit portfolio and solid business plans, we are poised to seize the recovering consumer credit demand and deliver long-term value to our shareholders."About AEON Credit Service (Asia) Company Limited (HKEX: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

10 11 月, 2021

AEON Credit Service Launches Series of Targeted Credit Card Offers to Extend Consumption Voucher Impact, Adding to Excitement of Traditional Consumption Peak Season

HONG KONG, Nov 10, 2021 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit Service" or the "Group"; stock code: 00900) has announced the launch of a series of AEON credit card offers aimed to extend the impact of the government consumption voucher, for greater enjoyment of the traditional consumption peak season between Christmas and Chinese New Year.Always putting customers first, AEON Credit Service constantly provides customers with the most suitable offers so as to create the best experience for them. The recent well-received AEON x Ocean Park General Admission Promotion has allowed the Group to better understand customer needs and behaviour. In view of the positive consumer sentiment boosted by the Consumption Voucher Scheme in Hong Kong and the approaching traditional consumer spending peak season during Christmas and Chinese New Year, the Group has seized the strong momentum embarking on the following targeted credit card promotion offers to capture business opportunities:1) Online Spending and Local Dining 10X Rewards PromotionAs demand for online shopping and catering services increases, AEON credit card hopes to stimulate greater related consumption. Customers can earn 10X points, equivalent to a 4% spending rebate, for credit card online shopping transactions and restaurant dining in Hong Kong on Fridays, Saturdays and Sundays during the period between 1 and 30 November 2021. Cardholders of AEON CARD JAL can enjoy HK$2=1 JAL Miles redemption through these two spending offers, and earn JAL Miles expressly in preparation for the opening of international travel in the future.2) AEON Credit Card "Earn Multiple Rewards for More Spending Each Month"As the peak shopping season from Christmas to Chinese New Year is just around the corner, AEON Credit Service is going to launch a special rebate. AEON customers can now get a cash rebate of up to HK$1,200 for spending with their AEON Credit Cards during the promotional period.Spending Stage / Cumulative Monthly Spending / Cash RebateStage 1: 15/11/2021 - 14/12/2021 / HK$5,000 or more / HK$150Stage 2: 15/12/2021 - 14/1/2022 / HK$5,000 or more / HK$150Stage 3: 15/1/2022 - 14/2/2022 / HK$5,000 or more / HK$150Additional Rewards:Customers who meet the above monthly spending requirements for the three consecutive stages and with accumulated spending of HK$45,000 are entitled to an extra HK$750 cash rebate.Note: The above credit card offers are subject to relevant terms and conditions. For details, please visit the company website: www.aeon.com.hk About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk.Media EnquiriesStrategic Financial Relations LimitedFanny YUEN / Brigid LEE Tel: (852) 2864 4853 / 2114 4313 E-mail: sprg_acsa@sprg.com.hk Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

28 9 月, 2021

AEON Credit 1H2021 Net Profit Up by 13.1% to HK$172.3 Million

HONG KONG, Sep 28, 2021 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) announced today its interim results for the six months ended 31 August 2021 ("1H2021"). Although the market remained generally uncertain in 1H2021, with the Group resuming marketing activities for AEON credit cards whilst increasing the frequency and scale of mass promotions, overall sales increased by 22.4% year-on-year. However, the increase in sales mainly resulted in progressive growth of receivable balances in the second quarter, leading to lower monthly revolving credit card balances and personal loan balances in the first half. As a result, revenue was down by 10.9% year-on-year to HK$511.6 million. Nonetheless, with relentless effort to refine credit assessment, the Group now has a better quality portfolio. Furthermore, with expectation of an improving economy and lower unemployment rate, and thanks to the Group's effective collection efforts to reduce overdue advances and receivables, impairment losses and impairment allowances decreased markedly. Consequently, the Group's profit after tax increased by 13.1% to HK$172.3 million, with earnings per share up by13.1% to 41.15 HK cents. In view of the sound fundamentals of the Group and to share the fruitful results with shareholders, the Board has resolved to declare an interim dividend of 22.0 HK cents per share, representing a dividend pay-out ratio of 53.5%, which was in line with the Group's policy of paying no less than 30% of its net profit as dividends each year.In the months ahead, the government's consumption voucher scheme will continue to stimulate consumer spending. Moreover, unemployment rate in Hong Kong is expected to remain stable, which will present opportunities for the Group to continue business expansion in the second half year. The Group will primarily focus on driving sales and receivables growth, while also containing any deterioration of asset quality as far as possible. The Group will step up using data analytics to strengthen marketing and credit control activities. On marketing, the Group will increase mass promotion activities for both its credit card and personal loan business so as to capture any possible surge in consumer spending. Moreover, it will fortify its mobile application and net-member functions and also marketing initiatives to enhance the convenience and benefits to users of its online services.With financial technology developing fast, the Group will continue to commit significant resources in digitalization to enhance operational efficiency and its ability to respond quickly to market changes. Apart from the issuing phase of new card and loan system project, and the revamping of its mobile application and net-member systems, the Group will also commence enhancing its data warehouse in the second half year so as to strengthen future campaign management capabilities.In Mainland China, focusing on business expansion in selected merchant sectors and effective credit assessment, the Group's microfinance subsidiary in Shenzhen achieved monthly profit status in the second quarter. The subsidiary will focus on growing receivables on the back of sound asset quality and thereby reap profit throughout the year. The Group will allocate more resources to upgrade the information technology infrastructure of the Shenzhen operation and continue to fine-tune the operation model there, when necessary, to the ultimate end of creating greater value for shareholders.Mr. Tomoharu Fukayama, Managing Director of AEON Credit, said, "With our continuous efforts to upgrade relevant technologies and with analytical capabilities, and together with a strong liquidity position and balance sheet, the Group should be adequately resilient and able to respond to challenges in the second half year and move forward in confident strides to capture new business opportunities, grow our business and stay ahead in the competitive business environment."About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

8 4 月, 2021

AEON Credit Proposes Final Dividend of 18 HK Cents for FY2020 amid Solid Fundamentals

HONG KONG, Apr 8, 2021 - (ACN Newswire via SEAPRWire.com) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) has announced today its annual results for the year ended 28 February 2021 ("FY2020"). During FY2020, the change of consumer behavior to online shopping and indoor activities has prompted the Group to accelerate its digital transformation through the continued upgrade of mobile applications and dedicating more resources to online merchant marketing promotions. The Group has also continued with the development of the new card and loan system to prepare for further technological upgrades in the payment industry. Sales in the fourth quarter started to pick up due to the launch of personalized marketing promotions. Facing an exceptionally uncertain market environment during FY2020, the Group's revenue was HK$1,089.9 million, with profit after tax amounting to HK$301.6 million. Earnings per share were 72.02 HK cents. The Group's capital base remained strong with total equity up 3.3% to HK$3,422.0 million as at 28 February 2021.In view of the sound fundamentals of the Group, the Board has recommended a final dividend of 18.0 HK cents per share, bringing the total dividend for the year to 40.0 HK cents per share, representing a dividend payout ratio of 55.5%, up from 49.8% last year despite adversity.Go Digital and Seize New Demand during Post-pandemic RecoveryLooking ahead, changing consumer spending behaviors under the new normal as a result of the Pandemic are expected to remain. The Group will adjust its business model to adapt to this changing consumer behavior and ensure it is prepared to meet new customer needs.If the Pandemic can be brought under control soon, economic activities in Hong Kong are expected to rebound in the second half of FY2021. To ensure the effectiveness of marketing channels and to stay competitive in the market, the Group will put more emphasis on using social media and mobile applications to promote its products and marketing programs. Moreover, with the development of acquiring business merchant network, more promotions will be lined up with online merchants to stimulate customer spending. In addition, the Group will work closely with AEON Stores (Hong Kong) Co., Limited ("AEON Stores"; Stock Code: 00984) to maximize the card payments of customers inside AEON Stores. To cater for any possible adverse changes in the credit environment, the Group will enhance its credit policy for a better balance of customers' financial needs and profitability. In order to strengthen operational efficiency, the Group will continue to commit significant resources to complete the digital transformation and upgrade its ability to respond to changes in the market. The Group will introduce new product benefits and provide premium user experiences to its customers. Furthermore, the Group will enhance its data analysis methodologies to raise its marketing, credit assessment and credit management effectiveness.A key element of the technology upgrade is the new card and loan system project. With the completion of the acquiring phase and the card authorization front-end replacement, the Group will start the issuing phase in the first quarter of FY2021, with the estimated project completion date to be in early 2023. During the year under review, the Group has also completed several major projects, including enabling Faster Payment System (FPS) service for personal loan fund transfer, enhancing personal loan application through mobile application to support new version of Hong Kong identity cards, improving mobile application to support loan account overview, the implementation of additional network security enhancement, and work-from-home system functions. Exploring Greater Bay Area's Consumer Finance MarketFollowing the voluntary liquidation of two microfinance subsidiaries in the northern part of Mainland China, the Group will concentrate on consolidating its operations in the Guangdong-Hong Kong-Macau Greater Bay Area and strengthening the local management team. The microfinance subsidiary in Shenzhen achieved monthly break-even status in the year. The Group will put efforts to improve its operating performance and to seek new business opportunities. Mr. Tomoharu Fukayama, Managing Director of AEON Credit said, "With the precautionary measures being taken and our strong business partner relationships, as well as our strong liquidity position and balance sheet, we are well prepared to face the challenges ahead and to move forward to capture new business opportunities that may arise as and when the market conditions return."About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company's website at www.aeon.com.hk. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)