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Message from the President

CIC is the Designated Credit Bureau under the Installment Sales Act and the Money Lending Business Act

We have developed, along with the growth of consumer credit industry, since 1984, as a credit bureau which has a role to collect, store, provide personal credit information related to consumer credit transactions, and make disclosure of consumer credit information to consumers, with the unstinting support from the relevant industry parties.

These days, the consumer credit market in Japan remains strong, due to the increased acceptance of credit transactions and therefore the improvement of conveniences in various consumer activities of daily living.

On the other hand, as the legal framework of preventing excessive credit granting, the “Designated Credit Bureau System” was created. Under the Installment Sales Act and the Money Lending Business Act, CIC was authorized as the designated credit bureau by the Minister of Economy, Trade and Industry and the Prime Minister, and as a result, we, as a credit bureau, were clearly recognized as an indispensable social infrastructure.

In order to cope with the foregoing changes and help the sound development of the consumer credit industry, we duly recognize our social functions, strive further for strict compliance with the laws and observing high ethical standards in action, and will build an organizational structure that is truly effective as the designated credit bureau.

Moreover, with the original point of perspective as a credit bureau, we will further pursue the enhancement of the roles and functions as the designated credit bureau, address the protection and improvement of credit information as well as ensuring the stable system operation in an effort to evolve our business operations further and enhance CIC’s value.

We would like to ask for your continuous support in the years to come, during which we will work to maintain transparent and sound business operations and endeavor to become a designated credit bureau that is trusted and relied upon by all members and consumers.

Hiroyoshi Iguchi
President & CEO

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