Summary of Financial Statements for Fiscal 2021 (under Japanese GAAP)

UNOFFICIAL TRANSLATION

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

Summary of Financial Statements for Fiscal 2021

		November 8, 2021
Company Name:	FinTech Global Incorporated	(Code Number: 8789 TSE 2nd Section)
	(URL:http://www.fgi.co.jp/ english)	TEL: [phone]
Representative:	President and Chief Executive Officer	Name: Nobumitsu Tamai
Contact:	Executive Vice President, Senior Executive Officer	Name: Seigo Washimoto

Scheduled date of General Shareholders' Meeting: December 21, 2021

Scheduled date to submit securities report: December 22, 2021

(Rounded down to the nearest million)

1. Consolidated Operating Results, Financial Position and Cash-Flows for fiscal 2021 (October 1, 2020- September 30, 2021)

(1) Consolidated operating results				（Percentages	indicate year-on-year changes.）
	Revenues		Operating income	Ordinary profit		Profit/(loss) attributable to
			owners of the parent
	Millions of yen	%	Millions of yen	%	Millions of yen		%	Millions of yen	%
Fiscal 2021	8,107	18.5	178	－	115		－	130	－
Fiscal 2020	6,841	(25.4)	(992)	－	(1,135)		－	(1,186)	－

(For reference) Comprehensive income:

75 million yen for fiscal 2021

(－%)

(1,517) million yen for fiscal 2020

(－%)

Net income/(loss)

Net income/(loss)

Return on equity

Return on assets

Return on sales

per share

per share

(ROE)

(ROA)

(ROS)

(diluted)

Yen

Yen

%

%

%

Fiscal 2021

0.65

0.65

2.1

0.7

2.2

Fiscal 2020

(5.90)

－

(17.3)

(6.4)

(14.5)

(For reference) Share of profit(loss) of entities accounted for using equity method

6 million yen for fiscal 2021

(27) million yen for fiscal 2020

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets

per share

Millions of yen

Millions of yen

%

Yen

Fiscal 2021

16,457

7,439

38.5

31.47

Fiscal 2020

16,583

7,304

37.7

31.12

(For reference) Shareholders' equity:

6,328 million yen for fiscal 2021

6,258 million yen for fiscal 2020

(3) Consolidated cash flows

(Unit: Millions of yen)

Cash flows from

Cash flows from

Cash flows from

Cash and cash

equivalents

operating activities

investing activities

financing activities

at the end of the period

Fiscal 2021

747

(173)

(360)

2,379

Fiscal 2020

680

(282)

(767)

2,142

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2. Dividends

		Dividends per share			Total		Dividends on
	End of	End of	End of	End of		Payout ratio	equity
		dividends
	first	second	third	fiscal	Total	(Consolidated)	(DOE)
	(Annual)
	quarter	quarter	quarter	year			(Consolidated)
	Yen	Yen	Yen	Yen	Yen	Millions of	%	%
						yen
Fiscal 2020	－	0.00	－	0.00	0.00	-	－	－
Fiscal 2021	－	0.00	－	0.00	0.00	-	－	－
Fiscal 2022	－	0.00	－	0.00	0.00		－
(Forecast)

3. Consolidated financial forecasts for fiscal 2022 (October 1, 2021 - September 30, 2022)

(Percentages indicate year-on-year changes.)

							Profit/(loss) attributable
	Revenues		Operating income	Ordinary profit	to		E.P.S.
							owners of the parent
	Millions of	%	Millions of	%	Millions of	%	Millions of yen	%	Yen
	yen	yen	yen
Fiscal 2022	8,000	(1.3)	450	152.7	300	159.0	100	(23.6)	0.50

(Note) Forecast for the first two quarters of fiscal year ending September 30, 2022 has not been made.

*Notes

1. Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying change in scope of consolidation): None
2. Changes in accounting policies, changes in accounting estimates, and restatements:

(a). Changes in accounting policies required by accounting standard: None

(b). Changes other than those in (a) above: None

(c). Changes in accounting estimates: None

(d). Restatements: None

(3) Number of shares issued (common shares)
1. Number of shares issued (including treasury stock):	201,115,600 shares for fiscal 2021
	201,114,600 shares for fiscal 2020
2. Number of shares of treasury stock:	- shares for fiscal 2021
	- shares for fiscal 2020
3. Average number of shares issued during the period	201,115,452 shares for fiscal 2021
	201,113,873 shares for fiscal 2020

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(For reference) Summary of non-consolidated operating results and financial position

1. Non-consolidated operating results and financial position for fiscal 2021 (October 1, 2020 - September 30, 2021)

(1) Non-consolidated operating results

(Percentages indicate year-on-year changes.)

Revenues

Operating income

Ordinary profit

Net income/(loss)

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Fiscal 2021

1,782

62.2

321

－

134

－

(238)

－

Fiscal 2020

1,098

(5.2)

(524)

－

(517)

－

(2,152)

－

Net income/(loss)

Net income

per share

per share

(diluted)

Yen

Yen

Fiscal 2021

(1.19)

－

Fiscal 2020

(10.70)

－

(2) Non-consolidated financial position

Total assets

Net assets

Equity ratio

Net assets

per share

Millions of yen

Millions of yen

%

Yen

Fiscal 2021

8,575

5,812

67.0

28.59

Fiscal 2020

8,669

6,025

68.9

29.72

(For reference) Shareholders' equity:

5,749 million yen for fiscal 2021, and 5,977 million yen for fiscal 2020

• This summary of financial statements is exempt from the audit procedures.
• Explanation of the appropriate use of performance forecasts and other related items.

The forward-looking statements included in this summary of financial statements are based on the assumptions, forecasts, and plans of the Company as of the date on which this document is made public. The Company's actual results may differ substantially from such statements due to various risks and uncertainties.

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Consolidated Financial Statements

(1) Consolidated Balance Sheets

				(Unit: Thousands of yen)
			Fiscal 2020	Fiscal 2021
			(As of September 30, 2020)	(As of September 30, 2021)
	Assets
	Current assets
	Cash and time deposits		2,162,069	2,379,230
	Accounts receivable, trade	564,724	753,826
	Investments in securities, trade		1,128,045	1,042,651
	Loans receivable, trade	514,798	455,415
	Real estate for sale		3,999,865	4,038,343
	Merchandise	257,591	192,176
	Other		272,878	398,443
	Allowance for doubtful accounts	(96,718)	(92,518)
	Total current assets		8,803,255	9,167,569
	Noncurrent assets
	Property, plant and equipment
	Buildings and structures	5,372,766	5,380,820
	Accumulated depreciation		(327,629)	(522,495)
	Buildings and structures, net		5,045,136	4,858,325
	Tools, furniture and fixtures		2,089,880	2,165,354
	Accumulated depreciation	(982,049)	(1,330,864)
	Tools, furniture and fixtures, net		1,107,830	834,490
	Land		519,734	519,734
	Construction in progress		300	300
	Other		47,305	107,363
	Accumulated depreciation		(14,401)	(21,107)
	Other, net		32,904	86,255
	Total property, plant and equipment		6,705,906	6,299,105
	Intangible fixed assets
	Goodwill		137,969	129,334
	Other	462,787	486,976
	Total intangible fixed assets		600,756	616,310
	Investments and other assets
	Investments in securities		145,711	65,865
	Long-term loans receivable	41,668	33,336
	Deferred tax assets		9,033	8,445
	Other	277,438	267,025
	Allowance for doubtful accounts		(220)	(70)
	Total investments and other assets		473,630	374,602
	Total noncurrent assets		7,780,293	7,290,019
	Total assets		16,583,548	16,457,588

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				(Unit: Thousands of yen)
			Fiscal 2020	Fiscal 2021
			(As of September 30, 2020)	(As of September 30, 2021)
	Liabilities
	Current liabilities
	Accounts payable, trade		109,597	130,687
	Short-term loans payable	69,701	125,600
	Current portion of long-term loans payable		615,111	393,194
	Lease obligations	222,578	247,203
	Income taxes payable		97,250	75,228
	Accrued employee bonuses	130,666	146,703
	Other		1,088,523	1,273,293
	Total current liabilities		2,333,428	2,391,910
	Noncurrent liabilities
	Long-term loans payable	6,125,744	6,041,300
	Lease obligations		581,872	388,207
	Deferred tax liabilities	96,324	64,885
	Net defined benefit liability		108,259	99,040
	Other	33,536	33,122
	Total noncurrent liabilities		6,945,738	6,626,556
	Total liabilities		9,279,166	9,018,467
	Net assets
	Shareholders' equity
	Common stock		6,462,062	6,462,099
	Additional paid-in capital	5,016,132	4,987,549
	Retained earnings		(5,183,778)	(5,120,066)
	Total shareholders' equity		6,294,416	6,329,582
	Accumulated other comprehensive income
	Valuation difference on available-for-sale securities		(3,380)	6,249
	Foreign currency translation adjustment		(32,833)	(7,167)
	Total accumulated other comprehensive income		(36,213)	(918)
	Stock acquisition rights		64,045	78,503
	Non-controlling interests	982,133	1,031,953
	Total net assets		7,304,381	7,439,120
Total liabilities and net assets		16,583,548	16,457,588

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