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The firm of innovative financing
FinTech Global IncorporatedMothers Stock Code: 8789
http://www.fgi.co.jp/english/
February 2017
Results for First Quarter of
Fiscal 2017, ending September 30, 2017
• FinTech, in katakana script and English letters (registration 5113746), FinTech Global, in English letters (registration 5811521) and in katakana script (registration 5811522), and FGI (registration 5113748) are registered trademarks of FinTech Global Incorporated.
Fiscal 2017 First Quarter Business Summary
Copyright© FinTech Global Incorporated 1
Favorable sales of asset investments. Good demand for real estate securitization arrangements. • Asset investment activities generated ¥975 million, mainly from sale of renewable energy power generation facilities.
• Demand for real estate securitization arrangements moved in a favorable direction.Fund procurement for arrangement deals jumped 250.1% year-on-year, to ¥1.7 billion, on a contract amount basis.
Investment
Banking
Corporate
Investment
Investment exits moving forward, driving business results higher.• In fund investment, we booked ¥240 million in gross profit on transfer of money claims receivable and proceeds
received on settlement of funds.
• FGI added to its corporate portfolio, with investment into one high-profit company.
Real Estate Business
Promoted e-commerce system environment• Hired more marketing staff for employee welfare services, increased number of show homes, and worked to expand
number of alliance companies.
• Although efforts were made to enhance supply, construction and supply of most homes likely to take place in second and
third quarters, so first quarter sales showed year-on-year drop.
• Integrated real estate management services undertaken by several Group companies to strengthen property management
and company housing services.
Preparations moving ahead toward anticipated start of construction in spring 2017 • Opening changed from 2017 to autumn 2018 for Metsä Village and spring 2019 for Moominvalley Park.
• Moving into actual design phase for buildings, infrastructure and other components of construction. Also making headway
on process for development applications.
Inv
estmen
t Ba
nk
ing
Bu
siness Metsä Project
Public Finance
Consulting Business
PMC, NPAL turned into subsidiaries (only balance sheets included in first quarter consolidated results)
• Contributed to capital increase at PMC. With this increase, PMC turned NPAL into a subsidiary.
• Booked more consultation requests, mainly related to preparation of financial statements and creation of comprehensive
management plan for public facilities and infrastructure.
Revenues 2,355 2,579 224 7,485
Gross profit 400 715 314 1,496
Operating income(loss) (278) 72 350 (1,031)
Ordinary profit(loss) (295) 173 469 (1,369)
Profit(loss) attributable to
owners of parent(289) 161 451 (1,384)
Fiscal 2016
Full Year(Millions of yen)
Fiscal 2016
First Quarter (A)
Fiscal 2017
First Quarter (B)
YOY Change
(B)-(A)
Copyright© FinTech Global Incorporated 2
★ Revenues up, buoyed by asset investment activity, real estate securitization arrangements and investment exits in investment banking
business. Cost of revenue and selling, general and administrative expenses down, leading to profit position.
★ Booked ¥105 million in foreign exchange gains from foreign-currency-denominated investments under other income.
★ Because exits on asset investment projects, including large deals, are being coordinated with numerous participants, management
will hold back on making a consolidated performance forecast until exit details are firmed up.
Fiscal 2017 First Quarter Consolidated Performance
(Millions of yen)Fiscal 2016
First Quarter
Fiscal 2017
First QuarterYOY Change
Principal
Consolidated Subsidiaries
Revenue 1,038 1,669 630 FGI, FinTech Global Trading(FGT)
Operating income 48 401 352 FinTech Asset Management Inc.(FAM)
Revenue 1,310 873 (436)
Operating income
(loss)13 (0) (14)
Revenue 10 37 26 Moomin Monogatari Ltd., Adacotech Incorporated
Operating income
(loss)(24) (77) (52) Toranomon Ham (Note)
Revenue (4) (0) 3
Operating income
(loss)(315) (250) 64
Revenue 2,355 2,579 224
Operating income
(loss)(278) 72 350
Amount Booked on
Consolidated Statement
of Income
Investment Banking
Business
Real Estate Business
Others
Adjustment
Better Life Support Holdings Co., Ltd.
Better Life Support Co., Ltd. (BELS)
Unihouse Co.,Ltd. , Better Life House Co.,Ltd.
Better Life Property Co.,Ltd.(Note)
Note: Better Life Property falls under the scope of consolidation from the third quarter of fiscal 2016. Toranomon Ham falls under the scope of consolidation from the first quarter
of fiscal 2017.
* The ¥250 million operating loss for the first quarter of fiscal 2017, under adjustment, includes intersegment elimination (¥12 million in the first quarter of fiscal
2017) as well as corporate expenses (¥263 million in the same period) that are not allocated to any reporting segment. Corporate expenses are general and
administrative expenses not associated with any reporting segment, mainly because it is difficult to justifiably allocate such expenses to any particular reporting
segment.
* From the first quarter of fiscal 2017, FGI applies a different method to calculate reporting segment income and loss, based on a review of factors including the
allocation standard for general and administrative expenses, to more appropriately evaluate results by each reporting segment. Segment information for the first
quarter of fiscal 2016, as noted above, was prepared according to the new calculation method for income and loss, leading to a discrepancy with segment income
and loss disclosed for the first quarter of fiscal 2016 that was calculated by the method that prevailed at that time.
* The statements of income for PMC and NPAL will be reflected in consolidated financial results from the second quarter of fiscal 2017. A reporting segment —
the public finance consulting business —will be created that comprises the business results of these two companies.
Copyright© FinTech Global Incorporated 3
Business Summary by Segment Note: Revenue includes intersegment transactions.
184 58 58 57
1,139 1,071 1,230830
2,440 2,712 2,733
2,151 2,5932,853
726
1,696 1,829
2,445 1,7441,394
829
652
645 662
729746 681
1,435
1,181
1,096 1,079
951909 896
1,084
581
740 567
535496 503
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
2014.9 2015.9 2015.12 2016.3 2016.6 2016.9 2016.12
Key Components of Change in First Quarter of Fiscal 2017
・Principal investment: Made new investment into one venture firm.
・Venture capital fund: Despite investment exits, balance dipped only slightly due to booking of foreign exchange gains.
・Real estate (investment banking business): Made progress on sale of development projects (solar power generation facilities) under
asset investment activities. Sold some available-for-sale revenue-generating properties.
・Available for sale real estate (real estate business): Increased, due to purchase of property and progress on projects under construction.
・Revenue-generating rental properties: Increased, due to acquisition of real estate rental company.
Real estate (investment banking business)
includes land for Metsä project4,365
7,954
5,640
6,949
Copyright© FinTech Global Incorporated
6,930
4
7,560 7,560
Fiscal 2017 First Quarter
Changes in Investments and Loans (Consolidated)
Venture capital fund
(Investment into FinTech GIMV Fund)
Principal investment (investments
using capital sourced within FGI
Group)
Corporate loans
Real estate for sale (real estate business)
Revenue-generating rental properties (real
estate business)
Notes:
• Principal investment is total of investments in
securities, trade, investments in securities, equity in
affiliated companies, investments in capital to
affiliated companies, and investments in capital.
Amount excludes investments into venture capital
funds.
• Corporate loans exclude receivables that have been
fully provided for in allowance for doubtful accounts.
• Real estate for sale (real estate business) includes real estate for sale in progress.
(Millions of yen)
0
2,000
4,000
6,000
8,000
10,000
12,000
2011.9 2012.9 2013.9 2014.9 2015.9 2015.12 2016.3 2016.6 2016.9 2016.12
ヘルスケア施設以外の不動産
ヘルスケア施設
企業
•In the first quarter of fiscal 2017, real estate development projects moved ahead, leading to some sales.
As a result, the balance of assets under management decreased.
•Construction was completed on two healthcare facility under development. The projects refinanced and shifted to the operating phase.
10,258
Copyright© FinTech Global Incorporated
•Investment targets10,948
5
10,555
5,641 5,970
8,392
10,333
7,410
6,885
5,534
Changes in Assets under Management at FinTech Asset Management
*Healthcare facilities: Mainly housing for seniors.
Real estates excluding healthcare facilities
Healthcare facilities
Corporations
(Millions of yen)
Fiscal 2017 First Quarter
Copyright© FinTech Global Incorporated
Metsä Project
6
• Opening of Metsä Village, where visitors can experience the Northern European lifestyle, set for autumn 2018
• Grand opening of Moominvalley Park, where visitors get to know the Moomins and their friends from the storybook world, set
for spring of 2019
Area: 25.7ha (area to be developed: 15.8ha)
Project schedule: Start construction/development in spring 2017
Outline of planned facilities: Total area of about 13,000m2
• Metsä Village: Stores, restaurants, hotel (with en-suite sauna in all guestrooms), glamping zone, hands-on
workshop, special event space, parking facility and other amenities
• Moominvalley Park: Facility complex, restaurants, stores, attractions and entertainment facilities, photo studio
and other amenities
Total project costs (anticipated): About ¥15 billion
• Estimate as of this point in time.
• Capital contributions from companies and other investors outside the FGI Group are expected to complement funds
sourced from within the Group.
The planned 2017 opening of Metsä—a forest and lake environment with a Northern European ambiance brimming with little
treasures to discover—has been changed as follows:
On January 26, 2017, FGI welcomed the start of an ambassador program through which Moomin fans are recruited to work with the
development team, planning activities within facilities and participating in events that enhance the appeal of Metsä as a destination.
Metsä is a registered trademark
Metsä Village is under application for trademark registration
Moominvalley Park is under application for trademark registration
Expanding Public Finance Consulting Business —PMC, NPAL turned into subsidiaries—
Copyright© FinTech Global Incorporated
Public Management Consulting (PMC) turned into subsidiary through capital increase
On November 30, 2016, FGI participated in a third-party allocation of shares to increase capital at PMC, an affiliate excluded from
application of the equity method that provides consulting services on public accounting systems. On the same day, PMC acquired all
shares in New Public Accounting Laboratory (NPAL). As a result, both companies fall under the scope of consolidation.
The number of government entities engaging PMC or NPAL to provide consulting services stands at a combined 173. With new rules,
effective from fiscal 2017, on financial documents prepared by local governments, demand for consultations related to the preparation of
financial statements and other documents and fixed-asset ledgers is growing.
Number of Contracts for PMC and NPAL
(Fiscal 2016 shows results up to January 2017. NPAL results are for fiscal 2016 only. )
Prepare
financial
documents
Formulate comprehensive
management plan for public
facilities and infrastructure
Create fixed-
asset ledgers Other NPAL
(Only fiscal 2016)
Fiscal 2013 Fiscal 2014 Fiscal 2015 Fiscal 2016
Fiscal year: April 1-March 31
Outline of Newly Consolidated Companies
Recent Business Performance, Financial Status
September 2016 year-end for PMC, and October-end 2016 for NPAL
PMC
(As of Dec. 31, 2016)
Name New Public Accounting Laboratory Co., Ltd.
Established March 2009
RepresentativesRyuji Asada, Representative Director and Chairman
Takushi Tsukada, Representative Director and President
Major
shareholderPMC 100%
0
10
20
30
40
50
60
70
80
7
Name Public Management Consulting Corporation
Established February 2008
Representative Takushi Tsukada, Representative Director and President
Major
shareholders
FGI 83.8%
Local Public Accounting Research Center, Inc., 16.1%
(Millions of yen) PMC NPAL
Revenues 212 181
Operating income 24 18
Ordinary income 26 17
Net income 25 12
Net assets 40 10
Total assets 112 153
Correlation Chart for Public Finance Consulting Business
Copyright© FinTech Global Incorporated 8
FGI and Group companies work with Local Public Accounting Research Center (LPRC) to promote
widespread acceptance of new public accounting system
Public Management Consulting Corporation
Local Public Accounting Research Center
16.1% equity
83.8% equity Supporting member
of LPRC
100% equity
Local public entities (local governments)
1,788 (As of January 31, 2017)
Expected number of consulting
contracts with LPRC members in
fiscal 2017: About 740
Consulting contracts with 173
local governments overall
(two-company total)
Business support and direction on
services to LPRC member
accounting frims
Local Public Accounting Research Center, Inc., looks
into accounting treatment policy and suggests accounting
standards regarding local public accounting and local
public enterprise accounting. The center counted 51
accounting firms as regular members, as of January 31,
2017.
http://www.lprc.or.jp/
New Public Accounting Laboratory Co., Ltd.
Expanding Public Finance Consulting Business —Local government public accounting, financial consulting—
Copyright© FinTech Global Incorporated 9
Demand for consulting services rising in response to new financial rules for local government
※(出展)財務省HP 国際、借入金及び政府短期証券の合計(平成28年6月末)
Will lead to
increase in
consulting
contracts
• Prepare financial documents based on standardized rules
Targets all local governments (to be implemented between fiscal 2015 through fiscal 2017)
Government Policies and Anticipated Impact
• Formulate comprehensive management plans for public facilities
Targets all local governments (to be implemented by fiscal 2016)
• Consider introduction of PFIs
Create priority consideration rules for introduction of diverse PPP and PFI techniques
Targets local governments serving populations greater than 200,000 (By March 31, 2017)
• Obligate public enterprise accounting for sewer works and other infrastructure projects
Prefectures and local governments serving populations greater than 30,000 must comply by fiscal 2019
budget/fiscal settlement
• Formulate management strategy for public enterprises
Targets all projects/businesses (to be implemented by fiscal 2021)
The national government hammered out policy directed toward local governments on public accounting and comprehensive
management plans for public facilities to strengthen fiscal management and thereby deal with concerns over worsening
regional government finances. Members of the FGI Group with expertise in this area are keen to provide public accounting
consultations and other services and will pursue asset securitization opportunities aimed at resolving issues concerning
upgrades to aging infrastructure assets.
• Seek improved management soundness, including that of companies in third sector
Ministry of Internal Affairs and Communications drafted guidelines in 2014 to enhance management
soundness, including that of companies in third sector
AssetsFiscal 2017
First QuarterChange
Current assets 8,265,216 8,507,854 242,638
Cash and time deposits 2,290,523 2,538,549 248,025
Notes and accounts receivable,
trade67,723 350,225 282,501
Investments in securities, trade 1,291,852 1,296,329 4,476
Loans receivable, trade 793,762 678,329 (115,432)
Merchandise - 9,411 9,411
Real estate for sale 977,020 1,923,738 946,718
Real estate for sale in progress 2,693,211 1,536,190 (1,157,020)
Deferred tax assets 11,628 6,090 (5,538)
Other current assets 328,402 236,784 (91,618)
Allowance for doubtful assets (188,909) (67,796) 121,113
Noncurrent assets 2,710,409 3,002,139 291,730
Property, plant and equipment 2,307,618 2,578,502 270,883
Intangible fixed assets 90,627 105,066 14,438
Investments and other assets 312,163 318,571 6,408
Total assets 10,975,625 11,509,994 534,368
Fiscal 2016
1
2
2
1
Copyright© FinTech Global Incorporated
3
3
Increase in revenue-generating real estate of real estate rental subsidiary.
Real estate for sale—homes—increased, as building work in progress
wrapped up.
Sale of asset investments favorable, leading to decrease in real estate assets.
Number of projects in progress in real estate business declined as construction
wrapped up.
4
4
Balance increased, as foreign exchange gains on foreign-currency-
denominated investments along with new investment in a high-profit company
exceeded investment returns through transfer of money claims receivable and
from venture funds in which capital contribution had been made.
10
Consolidated Balance Sheets (Thousands of yen)
LiabiltiesFiscal 2017
First QuarterChange
Current liabilities 2,772,281 2,950,249 177,968
Notes and accounts payable,
trade14,130 176,556 162,425
Short-term loans payable 1,981,862 2,122,719 140,857
Current portion of bonds 38,000 30,000 (8,000)
Current portion of long-term
loans payable115,665 142,331 26,666
Income taxes payable 30,719 29,059 (1,659)
Deferred tax liabilities 2,846 2,846 0
Accrued employee bonuses 50,099 33,574 (16,525)
Other current liabilities 538,957 413,161 (125,795)
Noncurrent liabilities 1,890,459 2,020,280 129,821
Bonds payable 60,000 60,000 0
Long-term loans payable 1,540,470 1,678,034 137,563
Net defined benefit liability 105,901 109,054 3,152
Deferred tax liability 141,840 127,966 (13,874)
Other noncurrent liabilities 42,246 45,225 2,978
Total liabilities 4,662,741 4,970,530 307,789
Fiscal 2016
Net Assets
Shareholders’ equity 6,455,655 6,630,309 174,654
Common stock 4,548,647 4,548,878 230
Additional paid-in capital 2,122,245 2,122,476 230
Retained earnings (215,238) (41,045) 174,192
Accumulated other comprehensive income (194,875) (149,902) 44,972
Subscription rights to shares 33,560 28,194 (5,365)
Non-controlling interests 18,544 30,861 12,316
Total net assets 6,312,884 6,539,463 226,578
Total liabilities and net assets 10,975,625 11,509,994 534,368
Fiscal 2017
First QuarterChange
Revenues 2,355,096 2,579,239 224,143
Cost of revenues 1,954,471 1,863,715 (90,755)
Gross profit 400,624 715,523 314,899
Selling, general and administrative expenses 678,717 643,345 (35,372)
Operating income/(loss) (278,093) 72,178 350,271
Other income 5,991 125,748 119,757
Other expenses 23,890 24,013 122
Ordinary profit/(loss) (295,992) 173,913 469,905
Extraordinary profit - 6,544 6,544
Extraordinary loss 89 296 206
Income before income taxes (296,082) 180,161 476,244
Income taxes 197 19,006 18,809
Profit /(loss) (296,280) 161,154 457,435
Profit /(loss) attributable to non-controlling
interests(6,681) (416) 6,264
Profit /(loss) attributable to owners of parent (289,599) 161,571 451,171
Fiscal 2016
First Quarter
1
Selling, general and administrative expenses decreased 5.2% year-on-year, owing to a drop in all expenses, including commissions
paid. 2
Revenues grew 9.5% year-on-year due to increase in sale of asset investment units, more real estate securitization arrangements, and corporate
investment returns.
1
2
Copyright© FinTech Global Incorporated 11
3
3 Booked foreign exchange gains of ¥105 million.
Consolidated Statement of Income (Thousands of yen)
Reference Materials
Non-Consolidated Financial Statements (Balance Sheets and Statements of Income)
Changes in Key Financial Data (Six years)
Corporate Data
The firm of innovative financing
15
Copyright© FinTech Global Incorporated 13
Non-Consolidated Balance Sheets(Thousands of yen)
AssetsFiscal 2017
First QuarterChange
Current Assets 5,783,247 5,932,099 148,851
Cash and time deposits 1,700,066 1,888,907 188,840
Accounts receivable, trade 5,218 13,859 8,641
Investment securities, trade 1,090,244 1,111,873 21,628
Loans receivable, trade 846,422 730,989 (115,432)
Short-term loans, receivable 1,712,448 1,743,539 31,091
Real estate for sale in progress 347,280 240,000 (107,280)
Other current assets 357,195 433,299 76,104
Allowance for doubtful assets (275,627) (230,369) 45,258
Noncurrent assets 1,789,716 1,729,193 (60,523)
Property, plant and equipment 750,087 812,036 61,949
Intangible assets 19,201 18,434 (767)
Investments and other assets 1,020,427 898,722 (121,705)
Total assets 7,572,963 7,661,292 88,328
Fiscal 2016 LiabiltiesFiscal 2017
First QuarterChange
Current liabilities 660,971 486,257 (174,713)
Accounts payable-trade - 4,644 4,644
Short-term loans payable 356,300 233,332 (122,968)
Current portion of long-term debt 32,589 39,048 6,459
Accounts payable-others 58,000 78,706 20,706
Deposits received 51,969 68,570 16,600
Advances received 102,958 19,234 (83,724)
Accrued employee bonuses 33,297 19,508 (13,789)
Others 25,856 23,214 (2,642)
Long-term liabilities 416,023 407,744 (8,278)
Long-term loans payable 308,500 298,663 (9,837)
Provision for retirement benefits 75,544 77,103 1,558
Others 31,978 31,978 0
Total liabilities 1,076,994 894,001 (182,992)
Fiscal 2016
Net Assets
Shareholders' equity 6,657,284 6,888,998 231,713
Capital stock 4,548,647 4,548,878 230
Additional paid-in capital 2,113,870 2,114,100 230
Retained earnings (5,232) 226,019 231,252
Valuation difference on available-
for-sale securities(194,875) (149,902) 44,972
Subscription rights to shares 33,560 28,194 (5,365)
Total net assets 6,495,969 6,767,290 271,321
Total liabilities and net assets 7,572,963 7,661,292 88,328
Copyright© FinTech Global Incorporated 14
Non-Consolidated Statements of Income
(Thousands of yen)
Fiscal 2017
First QuarterChange
Revenue 1,017,332 858,343 (158,988)
Cost of revenue 932,146 461,311 (470,835)
Gross profit 85,185 397,032 311,847
Selling,general and administrative expenses 397,679 335,404 (62,274)
Operating income/(loss) (312,493) 61,627 374,121
Other income 13,214 227,001 213,787
Other expenses 20,624 79,744 59,119
Ordinary income/(loss) (319,903) 208,885 528,789
Extraordinary profit - 6,544 6,544
Extraordinary loss 89 - (89)
Income before income taxes (319,993) 215,430 535,424
Income taxes (13,022) (15,821) (2,799)
Net income/(loss) (306,971) 231,252 538,223
Fiscal 2016
First Quarter
Copyright© FinTech Global Incorporated 15
Changes in Key Financial Data
FGI executed a stock split on April 1, 2014, that split each share into 100 shares. Consequently, net assets per share, net income (loss) per share and
net income per share after adjustment for diluted shares have been calculated as if the aforementioned stock split had occurred at the beginning of
fiscal 2012.
Net revenue (millions of yen) 2,038 1,603 3,911 5,429 7,485 2,579
Gross profit (millions of yen) 908 1,468 2,398 2,495 1,496 715
Operating income/(loss) (millions of yen) (974) (31) 555 115 (1,031) 72
Ordinary income (loss) (millions of yen) (915) 88 684 237 (1,369) 173
Profit /(loss) attributable to owners of parent (millions of yen) (1,274) 182 923 224 (1,384) 161
Net assets (millions of yen) 3,632 2,716 5,534 7,879 6,312 6,539
Total assets (millions of yen) 6,417 4,770 7,452 11,958 10,975 11,509
Net assets per share (yen) 19.82 22.23 37.41 48.31 38.66 40.02
Net income (loss) per share (yen) (10.70) 1.52 6.92 1.48 (8.56) 1.00
Diluted net income (loss) per share (yen) - 1.52 6.89 1.47 - 1.00
Equity to total asset ratio (%) 36.8 56.4 73.9 65.4 57.0 56.3
Equity to net income ratio (%) (41.7) 7.2 22.5 3.4 (19.7) -
Price earning ratio (PER) (times) - 21.9 9.2 84.7 - -
Cash flow from operating activities (millions of yen) 959 (464) (2,208) (1,791) (1,305) -
Cash flow from investing activities (millions of yen) 80 85 509 (644) (302) -
Cash flow from financing activities (millions of yen) (233) (128) 2,065 4,761 (751) -
Cash and cash quivalents at the end of the fiscal year (millions of yen) 2,522 1,644 2,024 4,612 2,240 -
Number of employees(consolidated)
(part-time employees)(employees) 60(19) 51(13) 109(7) 117(8) 114(20) 126(28)
Number of employees(non-consolidated)(part-time
employees)(employees) 20(3) 26(3) 24(3) 38(3) 45(8) 43(4)
First Quarter
Fiscal 2017Fiscal 2012 Fiscal 2013 Fiscal 2014 Fiscal 2015 Fiscal 2016
Copyright© FinTech Global Incorporated
Head office Toranomon Towers Office 19th Floor, 1-28, Toranomon 4-chome, Minato-ku, Tokyo 105-0001
Established December 7, 1994
Representative President and Chief Executive Officer Nobumitsu Tamai
Date of listing June 8, 2005
Securities code 8789 (TSE Mothers)
Fiscal year-end September 30
Main businesses
1. Investment banking business
2. Real estate business
3. Public finance consulting business
Number of issued shares 161,932,300 shares (As of December 31, 2016)
Minimum trading unit 100
Capital stock ¥4,548 million (As of December 31, 2016)
Net assets (consolidated) ¥6,539 million (As of December 31, 2016)
Major shareholders
(As of September 30, 2016)
Number of employees Consolidated: 126 (As of December 31, 2016)
22
Nobumitsu Tamai
Yuko Fujii
Masaaki Aoshima
Naotake Tamura
Hirst Robert
20,095,500 shares (12.41%)
3,776,400 shares (2.33 %)
1,708,000 shares (1.05 %)
1,576,000 shares (0.97 %)
1,535,700 shares (0.95 %)
Corporate Data: FinTech Global Incorporated
Disclaimer The firm of innovative finance
Certain statements made in these materials, including some management targets, may contain forward-looking statements which reflect
management's views and assumptions. Management targets represent goals that management will strive to achieve through the
successful implementation of business strategies for the FGI Group. The Group may not be successful in implementing its business
strategies, and management may fail to achieve its targets. Management targets and other forward-looking statements involve current
assumptions of future events as well as risks and uncertainties that could significantly affect expected results, including adverse
economic conditions in Japan, the United States or other countries; declining real estate and/or stock prices; additional corporate
bankruptcies or additional problems in business sectors to which Group companies lend; difficulties or delays in integrating businesses
and achieving desired cost savings; increased competitive pressures; changes in laws and regulations applicable to the Group’s
businesses; and adverse changes in Japanese economic policies.
To the extent materials containing forward-looking statements remain in available documents, we have no obligation nor the intent to
update such forward-looking statements.
23Copyright© FinTech Global Incorporated