FinTech Global Incorporated : Notice regarding income booked on private equity investment
May 15, 2023 at 04:28 am EDT
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UNOFFICIAL TRANSLATION
The official press release is in Japanese.
Company Name:
FinTech Global Incorporated
Representative:
Nobumitsu Tamai, President and CEO
Stock Listing:
Tokyo Stock Exchange Standard Market
Stock Code:
8789
Inquiries:
Takashi Senda, Director,
Senior Executive Officer
Tel:
03-6456-4600
Notice regarding income booked on private equity investment
Tokyo, May 10, 2023-FinTech Global Incorporated (hereafter, "FGI" and "the Company") is promoting private equity services that provide various solutions, including investment, to companies saddled with business succession issues.
Recently, funds into which FGI contributed capital reached exit stage, and the Company booked or will book investment income. In addition, an FGI subsidiary received or will receive performance fees and other income from managing the assets in these funds. Management sees these results underpinning ¥800 million in revenues, operating income and ordinary profit, respectively, over the second and third quarters of fiscal 2023, ending September 30, 2023, and wishes to disclose this fact.
Please note that of the abovementioned ¥800 million, ¥300 million was booked in the second quarter in each earnings category. Management expects to book ¥500 million in the third quarter.
This booking of income was anticipated and was already incorporated into the consolidated performance forecast for fiscal 2023 that appeared in Consolidated Financial Results for the Fiscal Year Ended September 30, 2022 (Japanese GAAP) announced on November 8, 2022.
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FGI - FinTech Global Inc. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 08:27:01 UTC.
FinTech Global Incorporated is a financial service provider engaged in the investment banking business, real estate business, public consulting business, entertainment and service business. It has four segments. Investment Banking segment is engaged in the investment banking and corporate investment business, including finance arrangement, public finance, financial advisory, asset management and asset investment. The Real Estate segment conducts welfare services business, real estate brokerage, real estate development, real estate sales, real estate leasing. The Public Consulting segment engages in the preparation of financial documents, support for maintenance of fixed assets ledger, comprehensive management plan of public facilities, and formulation support business. The Entertainment Service segment conducts the development, holding, management, operation of the theme park, and eating and drinking business.