FinTech Global Incorporated : Results for First Two Quarters of Fiscal 2020, ending September 30, 2020

The firm of innovative financing

Results for First Two Quarters of Fiscal 2020, ending September 30, 2020

May 2020

FinTech Global Incorporated

Mothers Stock Code: 8789

http://www.fgi.co.jp/english/

• 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.

Index

Fiscal 2020 First Two Quarters Consolidated Business Summary ・・・・・2

Fiscal 2020 First Two Quarters Consolidated Performance ・・・・・・・・3

Business Summary by Segment ・・・・・・・・・・・・・・・・・・4

Investment Banking Business-Revenues and gross profit by service ・・・6 Changes in Entertainment Service Business Results ・・・・ ・・ ・・・・7

Trends in Balance of Investments and Loans (FGI, FGT total) ・・・・・・8

Changes in Assets under Management ・・・・・・・・・・・・・・・・9

Consolidated Balance Sheets・・・・・・・・・・・・・ ・・ ・・・・10

Consolidated Statements of Income ・・・・・・・・・・・・・・・・ 11

Revisions to Medium-Term Management Plan Stopped, Performance

Forecast Announcement Delayed ・・・ ・・・・ ・・・・ ・・・・ 12

Impact of and Response to COVID-19 Pandemic ・・ ・ ・ ・ ・・ ・・・13 Changes in Key Financial Data ・・・・・・・・・・・・・・・・・・15

Corporate Data・・・・・・・・・・・・・・・・・・・・・・・・・16

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1

Fiscal 2020 First Two Quarters Business Summary

					（Millions of yen）
	Fiscal 2019 First Two Quarters		Fiscal 2020 First Two Quarters		YOY Change Amount
Revenues	3,277		4,269		+991
Gross profit	950		1,301		+350
Operating income(loss)	(1,467)		(495)		+972
Ordinary income(loss)	(1,567)		(560)		+1,007
Profit/(loss) attributable to	(1,244)		(581)		+662
owners of the parent
EBITDA	(1,247)		(29)		+1,218

Note: EBITDA is calculated by adding depreciation and amortization of goodwill to operating profit

• Moominvalley Park, which opened on March 16, 2019, and thus contributed to consolidated results from the beginning of fiscal 2020, boosting revenues. Metsä pre-opening expenses booked in previous fiscal year no longer a factor, and other one-time costs and lower personnel expenses led to 25.7% decrease in selling, general and administrative expenses, to ¥622 million. Operating loss not as deep.
• To help stop spread of COVID-19, Moominvalley Park closed for 16 days in March 2020. Business results slowed. Fixed costs, including personnel expenses and depreciation and amortization, during park closure came to ¥71 million and were booked under extraordinary loss.

Investment Banking Business

Gross profit: ¥719 million (up ¥339 million from first two quarters of fiscal 2019)

Segment loss: ¥35 million (¥369 million less than loss posted for first two quarters of fiscal 2019)

• Marked favorable progress, particularly on arrangements, investment exits and aircraft asset management services.
  Impairment loss on corporate investment at ¥12 million, down from ¥360 million in first two quarters of fiscal 2019, leading to higher gross profit and reduced segment loss.

Entertainment Service Business	(Revenues include intersegment revenues and transfers.)

Revenues: ¥2,850 million (up ¥1,287 million from first two quarters of fiscal 2019)

Segment loss: ¥160 million (an improvement of ¥531 million compared with first two quarters of fiscal 2019）

• Revenues including Moominvalley Park operation jumped 82.3%.
• Without burden of costs incurred ahead of Metsä opening, segment showed considerable improvement in loss position. Park was closed for 16 days in March when many potential guests were expected to visit. Even when park reopened, guest count negatively affected by stay-at-home attitude of public, with second-quarter guest count falling 28.3% from immediately preceding quarter (first quarter), to 225,000 people. Revenues dropped 27.0%.
• Depreciation expenses rose ¥283 million, to ¥413 million. (Additionally, depreciation expenses of ¥31 million were included in ¥71 million loss due to park closure that was booked under extraordinary loss)

	2
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Quarterly Changes in Consolidated Performance

（Millions of yen）

			Fiscal 2019				Fiscal 2020		QOQ change	YOY change
	1Q	2Q	First two	3Q	4Q	Full year	1Q	2Q	First two	¥ change	¥ change
	quarters	quarters	% change	% change
Revenues	1,020	2,257	3,277	3,411	2,486	9,175	2,209	2,060	4,269	(149)	+991
(6.7%)	+30.3%
Gross profit	455	495	950	1,324	669	2,944	696	604	1,301	(91)	+350
(13.2%)	+36.8%
Operating income(loss)	(747)	(720)	(1,467)	160	(356)	(1,664)	(258)	(236)	(495)	+22	+972
－	－
Ordinary income(loss)	(804)	(762)	(1,567)	121	(404)	(1,850)	(297)	(263)	(560)	+33	+1,007
－	－
Profit/(loss) attributable to	(599)	(645)	(1,244)	34	(376)	(1,586)	(284)	(296)	(581)	(11)	+662
owners of the parent	－	－
	(679)	(568)	(1,247)	416	(104)	(935)	(5)	(23)	(29)	(17)	+1,218
EBITDA	－	－

Note: EBITDA is calculated by adding depreciation and amortization of goodwill to operating profit

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3

Business Summary by Segment (1)

（Millions of yen）

Reporting				Fiscal 2019				Fiscal 2020		QOQ change	YOY change
Segments		1Q	2Q	First two	3Q	4Q		1Q	2Q	First two
	quarters		quarters
	Revenue	405	975	1,381	1,230	782	3,393	555	849	1,404	+294	+23
Investment
Gross Profit	249	130	379	466	293	1,139	316	403	719	+86	+339
Banking Business
Operating	(128)	(276)	(404)	26	(100)	(478)	(71)	36	(35)	+107	+369
	income
Public	Revenue	182	263	445	148	79	673	64	62	126	(1)	(319)
Management	Gross Profit	88	149	237	78	47	364	33	34	68	+1	(169)
Consulting	Operating	10	65	76	(3)	6	79	(7)	(5)	(13)	+1	(89)
Business
income
	Revenue	484	1,078	1,563	2,122	1,721	5,407	1,647	1,202	2,850	(444)	+1,287
Entertainment	Gross Profit	131	228	359	808	376	1,545	376	190	567	(185)	+207
Service Business	Operating	(392)	(299)	(691)	346	(78)	(423)	(18)	(142)	(160)	(123)	+531
	income
	Revenue	7	13	21	3	‐	24	-	-	-	-	(21)
Others	Gross Profit	7	13	21	3	‐	24	-	-	-	-	(21)
	Operating	(4)	0	(3)	(8)	‐	(12)	-	-	-	-	+3
	income
Adjustment	Revenue	(60)	(73)	(133)	(93)	(97)	(324)	(57)	(54)	(111)	+3	+22
（Elimination of
Gross Profit	(21)	(26)	(47)	(32)	(48)	(128)	(29)	(24)	(53)	+5	(6)
transactions
among segments	Operating
and corporate	(232)	(210)	(443)	(201)	(185)	(829)	(161)	(124)	(286)	+36	+157
income
expenses）
Amount Booked	Revenue	1,020	2,257	3,277	3,411	2,486	9,175	2,209	2,060	4,269	(149)	+991
on Consolidated	Gross Profit	455	495	950	1,324	669	2,944	696	604	1,301	(91)	+350
Statement of	Operating	(747)	(720)	(1,467)	160	(356)	(1,664)	(258)	(236)	(495)	+22	+972
Income
income
						Geoplan
		Metsä Village	Moominvalley			Namtech and
Related issues		opened in	Park opened in			Adacotech
	November			removed from
		March 2019
		2018			scope of
						consolidation

1. Revenue for each segment includes intersegment revenue and transfers.
2. The ¥(286) million operating loss for the first two quarters of fiscal 2020 , under adjustment, includes intersegment elimination (¥119 million in the first quarter of fiscal 2020) as well as corporate expenses (¥(405) 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.

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4

Business Summary by Segment (2)

Revenues

(Millions of yen)

5,000

4,000

21

3,000	2,850

1,563

2,000

445126

1,000

1,3811,404

Gross Profit

1,500

1,000				567
21
	359		68
500	237		719
	379	- 47	- 53

Operating Income (loss)

76- 35

0
- 160	-		13
- 404

- 286

- 495

- 691

- 1,000

• 3
• • 443
  • 1,467

0

- 133 - 111

0

- 2,000

2019/92020/9

2Q2Q

3,277 4,269

Up 30.3％

2019/9	2020/9
2Q	2Q

950 1,301

Up 36.8％

2019/9	2020/9
2Q	2Q

Note: Segment breakdown uses non-eliminated values.

	Investment		Public Management		Entertainment Service Business		Other		Corporate expenses and
	Banking Business		Consulting Business				eliminated transactions

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5

Investment Banking Business-Revenues and gross profit by service

Valuation loss on corporate investments in fiscal 2019 no long impacting results, leading to 89.4% year-on-year increase in gross profit

• Arrangements: For a few asset management projects, contracts were drawn up for sale of real estate, but payments will not be received until the third quarter, causing decrease in revenues.
• Asset investment: Exited real estate development deals, boosting revenues.
• Corporate investment: Impact from impairment loss on fund investment in second quarter of fiscal 2019 no longer a factor. Exited investment in growth company, contributing to higher revenues and gross profit.

(Millions of yen)	Revenues		(Millions of yen)
1,500				1,500
	1,381	1,404
5	3
（Other）
		591	553
1,000				1,000

Gross Profit

Other

Aircraft asset management

Corporate investment

Asset investment

6		71									719
（Corporate	108	82		（	5						3
investment）					（Other）
500									500			348 △354		358
		442	508			379
									108		58
									61			82
															39
				227	185			210			177
0									0
				2019/9	2020/9			2019/9			2020/9
				2Q		2Q						2Q		2Q

Note: Intersegment transactions use non-eliminated values.

Metsä Village

Arrangements, asset management, M&A agency services and other services

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6

Changes in Entertainment Service Business Results (Quarterly)

Moominvalley Park closed for 16 days in second quarter to help stop spread of COVID-19.

• Metsä-related:	Beginning in November 2019, approaches were implemented to increase guest count and improve earnings, including free parking on
	weekdays, debut of one-day passes, more appealing schedule of events, distribution of Story Guide pamphlets and installation of
	Story Door stations where guests watch short video introduction to Moomin stories. These approaches were aimed at providing richer
	array of services and content to give guests feeling of greater satisfaction from their Metsä experience. Given these enhanced services
	and activities, Moominvalley Park revised ticket content and pricing on March 14, but park closed for 16 days in total in March 2020,
	causing guest count in second quarter to drop 28.3% from level recorded in first quarter. Revenues fell 27.0%.

• Licensing-related:Opening of Moominvalley Park raised level of interest in using Moomin characters under license, leading to contracts with additional 17 companies since October 2019. Revenues jumped 28.2% over first two quarters of fiscal 2019.

		Revenues	(Millions of yen)																(Thousands of people)
		（note 2)	2,500												386												400
			Metsä-related													2,122					314
					2,000											328					1,800						320
			Licensing income,	Guest count										1,665
			anime broadcasting	211 thousand					1,776
			rights income	1,500			（note1)		1,378					262		1,647	225	240
																					1,721					1,344
														1,078
						Operating
			Other														1,202
			1,000		expenses																				160
Notes:						1,779
1. In first quarter of fiscal 2019, there				876						739	1,299		1,271	800
	were 52 days of operation. Does	500			484						578															80
	not include pre-opening event.
2.	Revenues are based on non-				181						346	418		376
	eliminated intersegment						325						402
				281			328
	transactions.						156
	0 22		13			4	210				55
3.	EBITDA is calculated by adding																					0
	depreciation and amortization of									(171)			15
	(note 3)														(18)
	goodwill included in cost of																(78)		(142)
	EBITDA (347)								(299)
	revenue and selling, general and
	administrative expenses to	Segment income (392)
			2Q	3Q	4Q		FY2020	2Q
	operating profit.					FY2019
					1Q Copyright© FinTech Global Incorporated					1Q					7

Trends in Balance of Investments and Loans (FGI, FGT total)

Key Components of Change in Second Quarter (January 2020 - March 2020) of Fiscal 2020

• Principal investment: Investments: Formed real estate M&A deal (details on next page). Invested in asset management company with real estate holdings. Exits: Exited investment in growth company.
• Venture capital funds: Invested in life science company through fund
• Corporate investment: New loan to Moomin Monogatari to provide working capital during temporary park closure.

Subsidiary SGI paid dividend. Partial recovery of loan to subsidiary special purpose company with capital stake in SGI.

Total Investments and Loans by FGI and FinTech Global Trading (FGT) (including investments in subsidiaries)

(Millions of yen)

					Note: Does not include contribution or loans between FGI and FGT
10,000					Principal investment
9,211				Total of investments in securities, trade, investments in
	8,642	8,592			securities, equity in affiliated companies, and investments
			in capital to affiliated companies but excluding investments

into venture capital funds.

		7,387	2,688	2,619	2,753
6,280
1,844	288
		157
			1,577	165
1,900		1,182
770	1,318
5,000		1,271	339	339
835
		638
1,988		4,317	4,343	4,355
358	2,862
1,196
0
2017.9	2018.9	2019.9	2019.12	2020.3

Venture capital funds

(Investment into FinTech GIMV Fund and two other funds.)

Corporate loans

Total of business loans and short-term loans to subsidiaries. Does not include receivables provided for in allowance for doubtful accounts, but all subsidiary loans are booked.

Real estate (investment banking business)

Investment real estate and development-use real estate in the investment banking business. On the balance sheets, booked under real estate for sale in progress and real estate for sale.

Real estate (Metsä business)

Real estate for Metsä. Metsä Village real estate booked under real estate for sale in progress and real estate for sale. Moominvalley Park land, while legally transferred to local special purpose company, is included in this amount because on an accounting basis it is booked under FGI's noncurrent assets.

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8

Changes in Assets under Management

FinTech Asset Management (FAM) FGI Capital Partners (FGICP)

FAM's assets under management grew through formation of real estate M&A deal* into which FGI contributed capital.

(Exited this deal in April 2020)

•*Real estate M&As

Undertaken to sell/purchase shares in a corporation where principal assets are primarily real estate, compared with typical M&As where the purpose is to sell/purchase a business in a company. The target of sale/purchase is not just the real estate held by the corporation but rather to shift assets and liabilities other than real estate held by the corporation from the seller (former shareholder(s) to the buyer (new shareholders) through the sale/purchase of shares in the corporation.

(Millions of yen)

30,000

				25,344		FGICP
						（Discretionary investment）
20,000						FAM
					(Real estate, excluding
						healthcare)
						FAM
						(Healthcare facilities)
10,000					Notes:	1. Healthcare facilities: Mainly housing for
						seniors.
						2. The balance of assets under management is
						calculated on the basis of such factors as recent
0						financial statements available to FAM and the
					acquisition cost of real estate.
2018.9	2019.9	2019.12	2020.3

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9

Consolidated Balance Sheets

				Fiscal 2020
		Asse ts	Fiscal 2019	First Two	Change
				Quarters
		Current assets	10,438,589	9,150,001	(1,288,587)
		Cash and time deposits	2,533,187	2,251,436	(281,751)
		Accounts receivable, trade	727,499	733,316	5,817
１		Investments in securities, trade	1,359,941	1,241,997	(117,944)
		Loans receivable, trade	548,625	529,995	(18,629)
２		Real estate for sale	4,211,988	3,910,618	(301,369)
		Merchandise	208,577	284,077	75,499
３
	Other	948,410	293,997	(654,412)
		Allowance for doubtful accounts	(99,641)	(95,438)	4,203
		Noncurrent assets	8,586,424	8,303,112	(283,311)
４
	Property, plant and equipment	7,283,853	7,060,079	(223,773)
		Intangible fixed assets	724,929	681,488	(43,441)
		Investments and other assets	577,641	561,544	(16,097)
		Total assets	19,025,014	17,453,114	(1,571,899)

New growth-company investment (one company). But posted decrease due to distribution of profit received paralleling exit by venture capital fund FGF from

• investment in drug-discovery company that had been target of investment activity and also due to progress on sale of real estate trust beneficiary rights in SPC subsidiary.
• Decreased due to asset investment (real estate development) exit activity
• Accrued consumption tax decreased, owing to consumption tax refund.

４	Decreased, despite investment to enhance content at Moominvalley Park, due to
depreciation of buildings and internal and external features.

• Decreased due to repayment of loans paralleling asset investment (real estate development) exit activity

• Some loans extended due to refinancing.

(Thousands of yen)

						Fiscal 2020
				Liabilitie s	Fiscal 2019	First Two	Change
						Quarters
				Current liabilities	3,010,093	2,163,738	(846,354)
				Accounts payable, trade	213,256	207,562	(5,693)
５			Short-term loans payable	373,904	79,283	(294,620)
				Current portion of long-term loans	752,968	300,968	(452,000)
６
			payable
				Income taxes payable	98,999	113,839	14,839
				Accrued employee bonuses	157,244	145,361	(11,883)
				Other	1,413,720	1,316,723	(96,996)
				Noncurrent liabilities	7,141,750	7,153,711	11,960
６
		Long-term loans payable	6,086,260	6,220,871	134,610
				Net defined benefit liability	94,633	102,696	8,062
				Other	960,856	830,144	(130,712)
				Total liabilities	10,151,843	9,317,450	(834,393)
				Net Assets
				Shareholders ' equity	7,480,064	6,850,439	(629,625)
				Common stock	6,461,911	6,462,062	151
				Additional paid-in capital	5,015,924	5,016,132	208
				Retained earnings	(3,997,770)	(4,627,756)	(629,985)
				Accumulated other comprehensive income	(33,493)	(38,488)	(4,994)
				Stock acquisition rights	65,837	62,162	(3,674)
				Non-controlling interests	1,360,762	1,261,550	(99,211)
				Total net assets	8,873,170	8,135,664	(737,505)
				Total liabilities and net assets	19,025,014	17,453,114	(1,571,899)

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(Thousands of yen)

			Fiscal 2019	Ratio to Sales		Fiscal 2020	Ratio to Sales		YoY Change	YoY Change
		First Two Quarters	First Two Quarters		Amount	Ratio
Revenues		1			3,277,955		100.0%				4,269,822	100.0%		991,866	30.3%
Cost of revenues				2,327,007		71.0%				2,968,595	69.5%		641,588	27.6%
Gross profit			950,948		29.0%				1,301,227	30.5%		350,278	36.8%
		2
Selling, general and administrative expenses			2,418,784		73.8%				1,796,335	42.1%		(622,448)	(25.7)%
Operating income/(loss)			(1,467,835)	(44.8)%			(495,107)	(11.6)%		972,727	－
Other income			8,871		0.3%				7,508	0.2%		(1,362)	(15.4)%
Other expenses			108,594		3.3%				72,772	1.7%		(35,822)	(33.0)%
Ordinary profit/(loss)			(1,567,558)	(47.8)%				(560,371)	(13.1)%		1,007,187	－
Extraordinary profit			60,294		1.8%			5,672	0.1%		(54,621)	(90.6)%
										3
Extraordinary loss			29,657		0.9%			74,827	1.8%		45,169	152.3%
Income before income taxes			(1,536,922)	(46.9)%				(629,526)	(14.7)%		907,396	－
Income taxes			47,096		1.4%				25,875	0.6%		(21,220)	(45.1)%
Profit /(loss)			(1,584,018)	(48.3)%				(655,401)	(15.3)%		928,616	－
Profit /(loss) attributable to non-controlling			(339,502)	(10.4)%			(73,870)	(1.7)%		265,632	－
interests
Profit /(loss) attributable to owners of parent			(1,244,515)	(38.0)%				(581,531)	(13.6)%		662,983	－

First two quarters of fiscal 2020 saw sizable increase in revenues and cost of revenues owing to income and expenses associated with full first two-quarter operation of

• Moominvalley Park, which opened in March 16, 2019. Valuation loss on corporate investment shrank to ¥12 million in second quarter of fiscal 2020, compared with ¥360 million a year earlier.
• Burden of costs incurred during first quarter of fiscal 2019 in preparation for Metsä̈opening no longer a factor. Other one-time costs and personnel expenses also down. Decrease in number of subsidiaries under consolidation as of fourth quarter of 2019, affecting 25.7% drop in SG&A expenses for first two quarters of fiscal 2020 year on year.

• Booked ¥71 million in fixed expenses (including personnel expenses and depreciation expenses) over 16-day closure of Moominvalley Park in March 2020 as loss due to temporary closure.

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11

Revision to medium-term management plan stopped, performance forecast announcement delayed

Planned March 2020 announcement on revisions to medium-term management plan cancelled

Management had planned to review and revise FGI's business plan - the medium-term management plan with its third and final year being fiscal 2020 - and announce changes in March 2020. But the Board of Directors decided at its meeting on March 19, 2020, that the spread of COVID-19 - the illness caused by the novel coronavirus - created uncertain conditions which prevented management from forming a realistic business plan. For this reason, the process of revision was cancelled.

Preparation of a new medium-term management plan will be considered again

once the COVID-19 situation has been resolved.

Announcement of consolidated performance forecast for fiscal 2020 also postponed.

Management will carefully track the impact on business results caused by the COVID-19 pandemic

and disclose a forecast as soon as the situation allows for a more accurate estimate.

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12

Impact of and Response to COVID-19 Pandemic

Investment Banking Business

Currently, arrangement services, including arrangements and asset management, as well as asset investment and aircraft asset management have not been significantly impacted. However, in corporate investment activities, portfolio companies in some industries have been affected.

Topic		Details
	•	Existing asset management projects are, at current time, unlikely to be significantly affected
Arrangements, asset		by COVID-19 disaster, but some projects will require review of investment management
	strategy to address facility characteristics.
management and other	•	For a few asset management projects, including those for which FGI has contributed capital,
arrangement services, and		contracts were drawn up in second quarter for sale of buildings, and payment is expected
asset investment	•	this fiscal year.
	If investors take more cautious investment stance on sourcing for new projects and in exiting
		existing investments, situation could impact FGI's business results.
	•	Portfolio companies in some industries affected by the COVID-19 pandemic, with
		consequences that included downtime.
	•	With regard to investment exits, restrictions put in place on in-person meetings with
Corporate investment		investors, impacting process of negotiations. Going forward, if investors take a more
	cautious investment stance, the situation could impact exit activity.
	•	For new investments, policy will be to consider prevailing economic conditions and be very
		selective in choosing investment targets.
	•	Potential exists for business revitalization investments.
Aircraft asset management	• Demand for advisory services related to aircraft maintenance and technology is, at the current
time, not expected to change significantly

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Impact of and Response to COVID-19 Pandemic

Entertainment Service Business

For operations at Metsä, conditions will be carefully examined once the current state of emergency has been lifted, with the reopening of Metsä Village considered ahead of the rest of the site.

Management expects that the segment loss to deepen in the third quarter, compared with the second quarter, because the site will have been closed for a longer period of time than in the second quarter.

Topic	Details
	• In March 2020, Moominvalley Park was closed for 16 days in total, initially from March 2.
	(Reopened and operated from March 14 to March 27, adhering thoroughly to various
	measures to prevent spread of COVID-19) and then close for rest of month.
Metsä closure status and	• Metsä Village also closed, as of April 8, 2020, because government declared state of
emergency.
possible reopening	• Saitama Prefecture - one of the prefectures where specific precautions have been
	implemented - continues to adhere to state of emergency measures. Restart of operations
	will be conditioned upon exclusion from state of emergency zone and lifting of said order,
	and will be determined with full consideration of other factors as well. Looking into restart
	of operations at commercial facility Metsä Village first.
Tenant assistance	• Tenants at Metsä Village will be granted a partial exemption from April rent.
	• Travelling exhibition of original Moomin artwork was set to open in Iwate for April-to-May
	2020 engagement but was cancelled, and separate merchandise events planned at multiple
	venues also cancelled. Going forward, situation may continue to impact events and
Licensing business	activities.
• Licensing business feeling impact from the closure of stores operated by licensees and large
	commercial facilities such as department stores, which are key marketing channel for
	Moomin-related merchandise, but efforts will be made to reinforce marketing channels,
	including online sales, as well as product categories where demand is likely to grow.

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Changes in Key Financial Data

							First Two
		Fiscal 2015	Fiscal 2016	Fiscal 2017	Fiscal 2018	Fiscal 2019	Quarters
							Fiscal 2020
Revenues	(millions of yen)	5,429	7,485	7,182	3,689	9,175	4,269
Gross profit	(millions of yen)	2,495	1,496	1,626	2,261	2,944	1,301
Operating income/(loss)	(millions of yen)	115	(1,031)	(1,319)	(1,072)	(1,664)	(495)
Ordinary income (loss)	(millions of yen)	237	(1,369)	(1,341)	(1,227)	(1,850)	(560)
Profit /(loss) attributable to owners of parent	(millions of yen)	224	(1,384)	(1,358)	(820)	(1,586)	(581)
Net assets	(millions of yen)	7,879	6,312	5,326	8,551	8,873	8,135
Total assets	(millions of yen)	11,958	10,975	12,932	14,016	19,025	17,453
Net assets per share	(yen)	48.31	38.66	29.64	39.31	37.03	33.87
Net income (loss) per share	(yen)	1.48	(8.56)	(8.39)	(4.79)	(8.08)	(2.89)
Diluted net income (loss) per share	(yen)	1.47	－	－	－	－	－
Equity to total asset ratio	(%)	65.4	57.0	37.1	52.2	39.1	39.0
Equity to net income ratio	(%)	3.4	(19.7)	(24.6)	(13.5)	(21.5)	－
Price earning ratio (PER)	(times)	84.7	－	－	－	－	－
Cash flow from operating activities	(millions of yen)	(1,791)	(1,305)	(1,153)	(2,978)	(2,604)	766
Cash flow from investing activities	(millions of yen)	(644)	(302)	(1,026)	(2,008)	(4,543)	(206)
Cash flow from financing activities	(millions of yen)	4,761	(751)	2,937	5,771	5,710	(841)
Cash and cash equivalents at the end of the fiscal	(millions of yen)	4,612	2,240	2,969	3,847	2,513	2,231
year
Number of employees(consolidated)	(employees)	117(8)	114(20)	143(27)	156(42)	167(262)	142(268)
(part-time employees)
Number of employees(non-consolidated)(part-	(employees)	38(3)	45(8)	40(6)	38(5)	39(5)	24(4)
time employees)

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Corporate Data: FinTech Global Incorporated

Head office

Establishment

Representative

Data of listing

Securities Code

Fiscal year-end

Main business

Number of issued shares Minimum trading unit Capital stock

Net assets (consolidated)

Major shareholders (As of March 31, 2020)

Number of employees

Meguro Central Square 15th Floor, 3-1-1, Kamiosaki, Shinagawa-ku, Tokyo 141-0021

December 7, 1994

Nobumitsu Tamai, President and Chief Executive Officer

June 8, 2005

8789 (TSE Mothers)

September 30

I. Investment banking business

1. Public management consulting business
   Ⅲ. Entertainment service business

201,114,600 shares	(As of March 31, 2020)
100
¥6,462 million	(As of March 31, 2020)
¥8,135 million	(As of March 31, 2020)
Nobumitsu Tamai	10,095,500 shares (5.02%)
CAT-MY Co., Ltd	10,000,000 shares (4.97%)

Consolidated: 142 (As of March 31, 2020, excludes temporary staff)

•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.

Copyright© FinTech Global Incorporated

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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.

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