FinTech Global Incorporated : Summary of Financial Statements for Fiscal 2017 (under Japanese GAAP)

UNOFFICIALTRANSLATION

The following is a translation, for convenience only, of the original document issued in Japanese.

Summary of Financial Statements for Fiscal 2017

November 9, 2017

Company Name:	FinTech Global Incorporated	(Code Number: 8789 TSE Mothers)
(URL: http://www.fgi.co.jp/ english)	TEL: [phone]
Representative:	President and Chief Executive Officer	Name: Nobumitsu Tamai
Inquiries:	Senior Executive Officer	Name: Takashi Senda
Scheduled date of General Shareholders'Meeting: December 19, 2017
Scheduled date for filing of securities report: December 20, 2017

1. Overview of financial condition and business results for fiscal 2017 (October 1, 2016- September 30, 2017)

   (Rounded down to the nearest million)

2. Business results （Percentages indicate year-on-year changes.）

   	Revenues		Operating income		Ordinary profit		Profit/(loss) attributable to owners of parent
   Fiscal 2017	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
   	7,182	(4.1)	（1,319）	－	（1,341）	－	（1,358）	－
   Fiscal 2016	7,485	37.9	（1,031）	－	（1,369）	－	（1,384）	－

   (Reference) Comprehensive income: （1,186） million yen for fiscal 2017 (－%)

   （1,481） million yen for fiscal 2016 (－%)

   	Net income/(loss) per share	Net income/(loss) per share (diluted)	Return on equity (ROE)	Return on assets (ROA)	Return on sales (ROS)
   Fiscal 2017	Yen	Yen	%	%	%
   	(8.39)	－	（24.6）	（11.2）	（18.4）
   Fiscal 2016	(8.56)	－	（19.7）	（11.9）	（13.8）

   (Reference) Equity in earnings of affiliated companies: 11 million yen for fiscal 2017

   0 million yen for fiscal 2016

3. Consolidated financial position

   	Total assets	Net assets	Equity ratio	Net assets per share
   Fiscal 2017	Millions of yen	Millions of yen	%	Yen
   	12,932	5,326	37.1	29.64
   Fiscal 2016	10,975	6,312	57.0	38.66

   (Reference) Shareholders'equity: 4,800 million yen for fiscal 2017

   6,260 million yen for fiscal 2016

4. Consolidated cash flows (Unit: Millions of yen)

5. 	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Fiscal 2017	(1,153)	(1,026)	2,937	2,969
   Fiscal 2016	(1,305)	(302)	（751）	2,240

   	Dividends per share					Total dividends (Annual)	Payout ratio (Consolidated)	Dividends on equity (DOE) (Consolidated)
   Record date	End of first quarter	End of second quarter	End of third quarter	End of fiscal year	Total
   Fiscal 2016	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   	－	0.00	－	0.00	0.00	-	－	－
   Fiscal 2017	－	0.00	－	0.00	0.00	0	－	－
   Fiscal 2018(Forecast)	－	0.00	－	－	－	－

6. Dividends

   (Note) The dividend forecast for fiscal year ending September 30, 2018, is yet to be determined.

7. Full-year performance forecasts for fiscal 2018 (October 1, 2017 - September 30, 2018)

8. In fiscal 2017, the investment banking business is likely to see sustained demand for real estate securitization arrangement transactions. Large exits on asset investments are also expected. The real estate business, with projects well on track, should deliver a stable increase in business results, underpinning a major improvement in profitability on a consolidated basis.

   That said, exits on asset management contracts, including large deals, are being coordinated with numerous participants. In addition, the spread in the assumed the value amount of these exits at this stage is considerable. Given these variables, it is extremely difficult to accurately estimate value amounts and the best time to exit these investments, and management will therefore hold back on performance forecasts. As soon as exit details are firmed up, management will make the appropriate announcement.

   Matters of note

9. Transfer of principal consolidated subsidiaries during the term

   (Transfer of specified subsidiaries accompanying change in scope of consolidation.): Applicable New: 1 (Company name: Hanno Local Resource Utilization LLC )

   Excluded:- (Company names:- )

10. Changes in accounting policies, changes in accounting estimates, restatements:

11. Changes based on revision of accounting standards: None

12. Changes other than (1) above: None

13. Changes in accounting estimates: Applicable

14. Restatements: None

15. Number of shares issued

16. Number of shares outstanding (including treasury stock): 161,935,300 shares for fiscal 2017

    161,927,300 shares for fiscal 2016

17. Number of shares of treasury stock: - shares for fiscal 2017

    - shares for fiscal 2016

18. Average number of shares outstanding for each period: 161,932,894 shares for fiscal 2017

19. 161,917,605 shares for fiscal 2016

    (Reference) Summary of non-consolidated financial condition and business results

    1. Non-consolidated financial condition and business results for fiscal 2017 (October 1, 2016 - September 30, 2017)

20. Non-consolidated business results (Percentages indicate year-on-year changes.)

    	Revenues		Operating income		Ordinary profit		Net income/(loss)
    Fiscal 2017	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
    	1,066	(53.0)	（1,152）	－	（1,054）	－	（1,017）	－
    Fiscal 2016	2,268	54.9	（939）	－	（1,200）	－	（1,194）	－

    	Net income/(loss) per share	Net income per share (diluted)
    Fiscal 2017	Yen	Yen
    	(6.28)	－
    Fiscal 2016	(7.38)	－

21. Non-consolidated financial position

	Total assets	Net assets	Equity ratio	Net assets per share
Fiscal 2017	Millions of yen	Millions of yen	%	Yen
	8,635	5,688	65.3	34.83
Fiscal 2016	7,572	6,495	85.3	39.91

(Reference) Shareholders'equity: 5,640 million yen for fiscal 2017, and 6,462 million yen for fiscal 2016

• This summary of financial statements is not subject to quarterly review procedures.

• Information concerning appropriate use of forward-looking statements, and other matters of note

Forward-looking statements in this report are based on data available to management as of November 9, 2017, and certain assumptions considered reasonable at the time of disclosure. Actual results may differ considerably from estimates due to unforeseen factors.