• Home
  • Board & Management

Board & Management

 

Message from Executives

The Thai economy in the year 2012 has shown a recovery sign after the impact from the flood crisis in late 2011, with a GDP growth of 6.4% that was driven by strong domestic consumption. A number of government policies such as a mini- mum wage increase, a corporate income tax re- duction as well as first-car tax incentive have sign- ificantly stimulated consumer spending.

The fiscal year 2012 that ended February 20, 2013 was a record year for AEON Thana Sinsap (Thailand) Plc. (AEONTS). The 20th anniversary year ended with remarkable growth and profitabili -ty with the achievement of number of cards issued and business expansion.

To strengthen business synergy both domestic and overseas, we acquired two insurance broker companies, and will amalgamate to be AEON Insurance Service (Thailand) Co., Ltd. and acquired a debt collection company, ACS Servicing (Thailand) Co., Ltd. in September 2012. AEONTS will start consumer finance in Laos and Myanmar after successfully establishing AEON Microfinance (Cambodia) Private Company Limited in October 2011, and we attributed new records of assets and profitability.

With our efforts through joint promotions with business alliances, our customer base increased by 480,000 cards from the previous year to around 6.70 million cards, and the number of ID base increased by 7% from last year to 2.07 million IDs, driven by credit card usage up by 16% and loan growth of 22% year on year. Accordingly, AEONTS posted 1,688 million baht in net profits – a new record of profitability since establishment in 1992.

On November 20, 2012, the Company procured funds from Cross Border Syndicated Loan with the amount of 5 billion baht from Japanese financial institutions. The Company utilized the funds for investment and financing our business expansion in Cambodia, Laos and Myanmar to further accelerate the growth of business in Asian countries.

PLANS FOR FISCAL YEAR 2013

The Thai economy in 2013 is likely to continue with satisfactory expansion, we will still continue focusing on our core business, the credit card and loans business and increase transaction volume by stepping up cardmember recruitment and enhan- cing special privileges as well as convenience for credit card usage. In addition, we plan to start an online business as well as accelerate performance of our overseas business

1. Strengthening the Credit Card Business

After successfully issuing co-branded card with Thai Airways "AEON Royal Orchid Plus Platinum Card" in 2012 we plan to proceed issuing a new co-branded card to increase our brand image and reach more customer segmentation by opening Aeon Lounge in order to provide finan- cial and insurance consulting services and set up new ATM machines for improved efficiency and cost reduction. Additionally, we aim to launch joint promotion campaigns with other top busi- ness alliances in Thailand.

2.Promotion of New Businesses

In order to develop a new earning source for the Company, we plan to launch an online business. In addition, as the smartphone users are increasing significantly, we will increase the number of these customers by utilizing online applications.

3.Expansion of Overseas Businesses

We will also stimulate the consumer finance business through our subsidiaries in Cambodia, Laos and Myanmar. AEON Microfinance (Cambo -dia) Private Company Limited is projected to generate a monthly profit in the mid of 2013, followed up by AEON Leasing Service (Lao) Company Limited and AEON Microfinance (Myanmar) Company Limited, which also plans to start the business within 2013.

Although the competition in the retail finance business has become more aggressive, we believe in our ability in developing ourselves and strengt- hening our corporate image in order to maintain a good operating result and deliver value for all stakeholders.

Besides focusing on our retail finance business, we always adhere to the principle of good corpo- rate governance and Information Security Manage -ment System (ISMS) in order to promote secure management of personal information and protect customer information as well as maintain corporate social responsibility.

As a part of society, AEON Thailand foundation has continued several activities in the past year to support and promote forest preservation with forest plantation activity, enhance education by providing scholarships and donation to schools, as well as continuously support blood donation activity with the Thai Red Cross Society.

This year was not only the 20th anniversary of the Company but also the year of the best perfor -mance in our history. We, AEON Thana Sinsap (Thailand) Public Company Limited, would like to take this opportunity to express our sincere appreciation to our shareholders, investors, customers and business partners for their continuous support and interest in the Company, and also like to extend our thanks to the manage -ment and all staff for their collaboration. And in the next year, please continue to keep supporting us.

For the year 2013, we are moving forward to the second stage, "Convenient, Beneficial, Safe", for further growth of our Company. Due to manage- ment integration in Japan, we will be the affiliated of bank-holding group. We have to not only provide new products and expand our services, but it is also necessary to improve service quality for quality of life and the environment in the workplace for each single staff in order to provide more convenient, beneficial, and safe services to our customers.

 

Board of Directors
  • Mr. Masanori Kosaka
  • Chairman of the Board
  • Mr. Yasuhiko Kondo
  • Vice Chairman of the Board and Managing Director
  • Mrs. Suporn Wattanavekin
  • Director
  • Ms. Kannika Kursirikul
  • Director
  • Mrs. Jiraporn Kongcharoenwanich
  • Director
  • Mr. Jun Suzuki
  • Director
  • Mr. Shiro Ishida
  • Director
  • Mr. Chatchaval Jiaravanon
  • Director
  • Mr. Noppun Muangkote
  • Independent Director and Chairman of Audit Committee
  • Mr. Dej Bulsuk
  • Independent Director and Audit Committee Member
  • Mr. Shunichi Kobayashi
  • Independent Director and Audit Committee Member
  • Dr. Sucharit Koontanakulvong
  • Independent Director
 
Audit Committee
  • Mr. Dej Bulsuk
  • Independent Director and Audit Committee Member
  • Mr. Noppun Muangkote
  • Independent Director and Chairman of Audit Committee
  • Mr. Shunichi Kobayashi
  • Independent Director and Audit Committee Member
Executive Management
    • Mr. Yasuhiko Kondo
    • Vice Chairman of the Board and Managing Director
    • Mrs. Suporn Wattanavekin
    • Director
    • Ms. Kannika Kursirikul
    • Director
    • Mrs. Jiraporn Kongcharoenwanich
    • Director
    • Mr. Jun Suzuki
    • Director
    • Mr. Shiro Ishida
    • Director