Takefuji and competitors like Aiful and Acom charged them interest rates as high as 29.2% on short-term loans until the maximum rate was lowered to 20% earlier this year, among other limits imposed over the past four years.
As for consumer finance, the drop in gross profits was due mainly from lower loans balances from the two main vehicles ACOM (down from JPY 1.20 trillion to 1.01 trillion) and Mitsubishi UFJ Nicos (JPY 0.94 trillion to 0.76 trillion).