FinTech Global Incorporated : (Corrected) Partial revision to “Notice regarding change in subsidiaries due to transfer of shares”
December 06, 2017 at 05:03 am EST
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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 Mothers Section
Stock Code:
8789
Inquiries:
Takashi Senda, Senior Executive Officer
Tel:
+81-3-5733-2121
(Corrected)
Partial revision to "Notice regarding change in subsidiaries due to transfer of shares"
November 20, 2017-An item in the news release "Notice regarding change in subsidiaries due to transfer of shares," dated October 27, 2017, requires partial revision, as described below. The revisions are underlined.
Details
1. Reason for correction
6. Outlook of the news release " Notice regarding change in subsidiaries due to transfer of shares" contains a line concerning expectation of extraordinary profit of ¥197 million. It subsequently became necessary to carefully examine the calculation method for the amount of extraordinary profit on a consolidated basis, prompting the need for a correction.
The amount of extraordinary profit on a consolidated basis will be disclosed as soon as it is known.
2. Content of correction (Before correction)
6. Outlook
Through this transfer of shares, FGI could book extraordinary profit of ¥197 million in the first quarter of the fiscal year ending September 30, 2018. If this transfer of shares is implemented as planned, BLSHD and its five subsidiaries and their subsidiaries will be removed from the scope of FGI consolidation from the first quarter of the fiscal year ending September 30, 2018.
(After correction)
6. Outlook
Through this transfer of shares, FGI could book extraordinary profit of ¥197 million (non-consolidated) in the first quarter of the fiscal year ending September 30, 2018. Note that extraordinary profit on a consolidated basis is currently being calculated, and the amount will be disclosed when it is known. If this transfer of shares is implemented as planned, BLSHD and its five subsidiaries and their subsidiaries will be removed from the scope of FGI consolidation from the first quarter of the fiscal year ending September 30, 2018.
END
FGI - FinTech Global Inc. published this content on 06 December 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 December 2017 10:01:05 UTC.
Original documenthttp://www.fgi.co.jp/archives/002/201712/5a27bf0220a95.pdf
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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.
FINTECH GLOBAL INCORPORATED 
