UNOFFICIAL TRANSLATION
The following is a translation, for convenience only, of the original document issued in Japanese
Summary of Financial Statements For the First Quarter of Fiscal 2018
Company Name:FinTech Global Incorporated (URL:http://www.fgi.co.jp/english/)Representative: President and Chief Executive Officer
Contact: Member of the Board, Senior Executive Officer Scheduled date for filing of securities report: February 14, 2018 Scheduled date of commencement of dividend payment: - Preparation of explanatory materials for quarterly financial results: Yes Information meetings arranged related to quarterly financial results: None
1. Consolidated results for the first quarter of fiscal 2018
(October 1, 2017 - December 31, 2017)
(1) Business results
(Code Number: 8789 TSE Mothers)
TEL: +81-3-6456-4600
Name: Nobumitsu Tamai Name: Takashi Senda
February 9, 2018
(Rounded down to the nearest million)
(Percentages indicate year-on-year changes.)
Revenue | Operating income/(loss) | Ordinary profit/(loss) | Profit/(loss)attributable to owners of parent | |
First quarter of fiscal 2018 First quarter of fiscal 2017 | Millions of yen % 611 2,579 (76.3) 9.5 | Millions of yen % (241) 72 - - | Millions of yen % (261) 173 - - | Millions of yen %
|
(Note) Comprehensive income:
(1) million yen (-)% for the first quarter of fiscal 2018 206 million yen (-)% for the first quarter of fiscal 2017
Net income/(loss) per share | Net income/(loss) per share (diluted) | |
First quarter of fiscal 2018 First quarter of fiscal 2017 | Yen 0.25 1.00 | Yen 0.25 1.00 |
(2) Consolidated financial position
Total assets | Net assets | Shareholders' equity ratio | |
First quarter of fiscal 2018 Fiscal 2017 | Millions of yen 9,304 12,932 | Millions of yen 5,139 5,326 | % 51.1 37.1 |
(Reference) Shareholders' equity: 4,756 millions of yen for the first quarter of fiscal 2018 4,800 million s of yen for fiscal 2017
2. Dividends
Dividends per share | |||||
End of first quarter | End of second quarter | End of third quarter | End of fiscal year | Total | |
Fiscal 2017 (Actual) Fiscal 2018 (Actual) | Yen - | Yen 0.00 | Yen - | Yen 0.00 | Yen 0.00 |
- | |||||
Fiscal 2018(Estimates) | 0.00 | - | - | - |
(Note) Change from the latest dividend forecast: None
The dividend forecast for fiscal year ending Sep. 30th, 2018 is yet to be determined.
3. Consolidated performance forecast for fiscal 2017 (October 1, 2017- September 30, 2018)
Because of access to investment capital, mainly through securitization of Metsä real estate, the sale of real estate subsidiaries, and loans from financial institutions, this business segment will aggressively pursue investment and arrangements in fiscal 2018. A return to profitability is expected with the turnover of capital and investment in human resources. However, projects other than real estate securitization, where FGI has a proven track record, are increasing, and external factors, such as interest rates and exchange rates, that affect some of these projects have the potential to significantly impact profits. The number of projects handled was on the rise even before, characterized by greater diversity and complexity, which has made it all the more difficult to predict profits on a project basis.
In addition, fiscal 2018 costs associated with Metsä are likely to be higher than in the previous fiscal year, as the project moves toward park opening. Although a budget has been drafted, based on a detailed business plan, various factors could still cause costs to rise.
For these reasons, management finds it difficult to realistically estimate business results and has decided to put off disclosure of a performance estimate for the time being.
4. Notes
(1) Transfer of principal consolidated subsidiaries during the term
(Transfer of any specified subsidiary causing change in scope of consolidation.): None
(2) Adoption of simplified and special accounting policies for quarterly financial statements: None
(3) Changes in accounting policies
1. Changes due to changes in accounting standard: None
2. Other changes in accounting standard: None
3. Changes in accounting estimates: None
4. Restatement of corrections: None
(4) Number of shares issued (common stock)
1. Number of shares issued (including treasury stock): 161,986,400 shares in the first quarter of fiscal 2018
161,935,300 shares in fiscal 2017
2. Number of treasury shares: - shares for the first quarter of fiscal 2018
- shares for fiscal 2017
3. Average number of shares issued during the first quarter:
161,940,797 shares in the first quarter of fiscal 2018
161,928,333 shares in the first quarter of fiscal 2017
* This summary of financial statements is not subject to quarterly review procedures.
* Information concerning proper use of forward-looking statements and other special instructions
Forward-looking statements in this document are based on data available to management as of February 9, 2018, and certain reasonable assumptions. Actual results may differ from these estimates due to unforeseen factors.
FGI - FinTech Global Inc. published this content on 09 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 February 2018 10:40:03 UTC.
Original documenthttp://www.fgi.co.jp/archives/002/201802/5a7d787a440ff.pdf
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