The firm of innovative financing

Results for First Three Quarters of
Fiscal 2024, ending September 30, 2024

August 2024
FinTech Global Incorporated
TSE Standard Market Stock Code: 8789
https://www.fgi.co.jp/en/• FinTech, in katakana script and English letters (registration 5113746), FinTech Global, in English letters (registration 5811521) andin katakana script (registration 5811522), and FGI (registration 5113748) are registered trademarks of FinTech Global Incorporated.

IndexSummary ・・・・・・・・・・・・・・・・・・・・・・・・・ 2
Consolidated Performance・・・・・・・・・・・・・・・・・・3
Revisions to Consolidated Performance Forecast・・・・・・・・・4
Quarterly Changes in Consolidated Performance ・・・・・・・・・5
Business Summary by Segment・・・・・・・・・・・・・・・・ 6
Investment Banking Business ・・・・・・・・・・・・・・・・ 8
Public Management Business ・・・・・・・・・・・・・・・・ 12Entertainment Service Business ・・・・・・・・・・・・・・・13
Financial Statements ・・・・・・・・・・・・・・・・・・・・16
Repurchase of Own Shares・・・・・・・・・・・・・・・・・・18
Changes in Key Financial Data・・・・・・・・・・ ・・・・・・19
Corporate Data ・・・・・・・・・・・・・・・・・・・・・・ 20

Copyright© FinTech Global Incorporated

1

Summary
Progress on recovery of capital invested in business succession projects, which are trending at a high level,
pumping up revenues and income in third quarter. Also marking steady progress on new investments andnew initiatives. Making headway on establishment of foundation that supports long-term growth.
Steady progress on investment exits. High growth continues.
• Steady progress on recovery of investments made into business succession projects from fiscal 2023 through second quarter of fiscal 2024.
• Accumulating capital for acquisition fund formation through new investments in third quarter as well.

Asset management activities characterized by increasing trend in residence investment by overseas investors.
• Balance of assets under management slipped 1.5% from level at end of second quarter, to ¥149.6 billion, largely because sale of assets
associated with business succession projects offset increase in residence investment.
Began aircraft operating lease business.
Evening events and price revisions underpinned higher spending per guest at Metsä. Lowered costs and lightened segment loss.
• Number of guests fell 3.8% year on year, but higher ticket prices and retail/food and beverage sales led to higher spending per guest.
• Marking progress on upgrades to existing facilities and new permanent installations since March.
• Introduced standardized ¥500 one-day pass for all children, aged four to high school age, under Child Support Campaign initiative, whichruns from July 27 through September 30.
Announced revision to full-year performance forecast on August 9.
• Given favorable progress on business succession projects and other investment banking business services, management upwardly revised
revenue estimate by ¥2 billion, operating income by ¥200 million, and ordinary income by ¥300 million.
• Anticipating retirement of fixed assets, management did not revise profit attributable to owners of the parent.
Repurchased own shares in second and third quarters. Set new repurchase parameters on August 9.
• Executed treasury stock buyback of ¥150 million in second quarter and ¥140 billion in third quarter, with total number of shares repurchased
reaching 3.6 million shares, or 1.79% of total shares issued and outstanding.
• Set new parameters for treasury stock buybacks, with maximum repurchase of 2 million shares and value amount of ¥150 million.
Copyright© FinTech Global Incorporated

2

Consolidated Performance(Millions of yen)

Fiscal 2023
First three Quarter

Fiscal 2024
First three Quarter

YOY Change (Amount)

YOY Change(Percentage)

Revenues

6,911

9,578

+2,667+38.6%

Gross profit

3,839

5,589

+1,750+45.6%

Operating income

1,142

2,206

+1,063+93.0%

Ordinary profit

1,084

2,108

+1,023+94.4%

Profit attributableto owners of the parent

781

1,469

+688

+88.0%EBITDA

1,492

2,556

+1,063+71.3%EPS (yen)

3.88

7.34

+3.46

－

ROE

14.8%

22.1%

+7.2 pt－

EBITDA: Operating income + Depreciation costs and amortization of goodwill included in cost of revenue and selling, general and administrative expenses
ROE (annualized): Calculated by multiplying quarterly profit attributable to owners of the parent by four thirds

Revenues

Solid increase in revenues, reflecting favorable demand for business succession solution services.
All other investment banking business services also generated higher revenues.

Gross profit

Gross profit was up as well, underpinned by increase in revenues from investment banking businessservices with high gross profit margin.

Operating income

Despite 25.5% year-on-year increase in selling, general and administrative expenses, mainly due tohigher personnel costs and payment fees, the rise in gross profit buoyed operating income, ordinary
profit and profit attributable to owners of the parent.
Copyright© FinTech Global Incorporated

3

Revisions to Consolidated Performance Forecast (Disclosed on August 9, 2024)

Given favorable progress on business succession projects and other investment banking business services, management
upwardly revised outlook for revenues, operating income and ordinary income.
No change to previously announced forecast for profit attributable to owners of the parent because, while content was enhanced andfacilities were updated at Metsä in celebration of Moominvalley Park’s fifth anniversary, a review of existing assets will likely leadto retirement of some fixed assets and thus net impact on profit attributable to owners of the parent is negligible.

(Millions of yen)

Fiscal 2024
Fiscal 2024
Revised
Forecast
YOY Change YOY Change
Forecast(Disclosed on
AmountPercentage(Disclosed on
May 10)Aug. 9)Fiscal 2024
First ThreeFirst Three
Fiscal 2023
Quarters
Quarters Progress toward
ActualRevised
Forecast
ActualRevenues

11,40013,400+2,000+17.5%

9,578

71.5%

9,302

Operating income

2,200

2,400

+200

+9.1%

2,206

91.9%

1,343

Ordinary profit

2,000

2,300

+300

+15.0%

2,108

91.7%

1,277

Profit attributableto owners of the parent

1,400

1,400

0

0.0%

1,469

105.0%

1,603

Performance forecasts and other forward-looking statements are based on certain reasonable assumptions and information currently available
to management of the Company. A number of factors could cause actual results to differ greatly from stated expectations.
Copyright© FinTech Global Incorporated

4

Quarterly Changes in Consolidated Performance(Millions of yen)
Fiscal 2023

Revenues

Gross profit

Q1

Q2

Q3

First
Three
Quarters

Q4

Full year

Q1

Q2

Q3

2,716

1,814

2,380

6,911

2,391

9,302

3,434

3,120

3,023

1,597

Operatingincome(loss)

720

Ordinary
profit(loss)

699

Profit/(loss)
attributable toowners of theparent503

EBITDA

836

783

(74)

(71)

(25)

44

1,457

496

456

304

612

3,839

1,142

1,084

781

1,492

YOY Q3YOY Q3YTD

First¥ changeThree% change
Quarters¥ change% change

642

2,667

27.0%

38.6%

263

1,750

18.1%

45.6%

62

1,063

12.6%

93.0%

64

1,023

14.1%

94.4%

47

688

15.7%

88.0%

55

1,063

Fiscal 2024

1,272

201

192

821

318

5,111

1,343

1,277

1,603

1,811

2,102

976

953

589

1,095

1,765

670

634

528

793

1,721

559

520

352

667

9,578

5,589

2,206

2,108

1,469

2,556
9.1%

71.3%

Note: EBITDA is calculated by returning depreciation costs and amortization of goodwill included in cost of revenue and selling, general and administrative
expenses back to segment income/(loss).

Copyright© FinTech Global Incorporated

5

Business Summary by Segment (1)•Investment banking business marked favorable shift in all services, especially business succession solution services. Segment revenues leaped 52.4%, to ¥7,743
million. Selling, general and administrative expenses grew 27.7%, to ¥2,033 million, but segment income still soared 93.0%, to ¥2,206 million.
• Public management consulting business achieved 26.4% revenue improvement, thanks to increase in support for preparation of financial documents and public
facilities management. Lightened segment loss.
• In entertainment service business, progress on shift toward profit structure based on cost reduction underpinned improvement in gross profit.
(Millions of yen)
Fiscal 2023

Reporting Segments

Investment Banking
Business

Public Management
Consulting BusinessEntertainment Service
Business

Adjustment（Elimination of transactions
among segments and corporate
expenses）

Amount Booked on
Consolidated Statementof IncomeFiscal 2024

First threequarters

Q1

Q2

Q3

Q4

Full year

Revenues

1,989

1,295

1,796

5,081

1,837

Gross Profit

1,446

753

1,340

3,541

Segment income

933

259

755

First threequarters

YOY Q3changeYOY Q3
YTD
change

Q1

Q2

Q3

6,919

2,673

2,642

2,426

7,743

629

2,661

1,200

4,742

1,857

1,703

1,551

5,111

210

1,570

1,948

555

2,504

1,191

1,063

823

3,077

67

1,129

Revenue

90

92

65

248

119

367

119

119

74

313

9

65

Gross Profit

48

46

41

136

74

211

73

75

52

200

10

63

Segment income/(loss)

(7)

(10)

(24)

(41)

7

(34)

5

6

(28)

(16)

(4)

25

Revenues

713

498

584

1,796

515

2,311

713

494

591

1,800

7

4

Gross Profit

134

13

110

258

46

305

210

52

152

415

42

156

Segment income/(loss)

(18)

(140)

(66)

(224)

(139)

(364)

1

(143)

(56)

(198)

9

25

Revenues

(77)

(71)

(65)

(214)

(81)

(296)

(71)

(136)

(69)

(278)

(4)

(63)

Gross Profit

(32)

(30)

(35)

(98)

(49)

(147)

(37)

(65)

(35)

(138)

0

(40)

Segment income/(loss)

(187)

(183)

(168)

(539)

(223)

(762)

(222)

(255)

(178)

(657)

(10)

(117)

Revenues

2,716

1,814

2,380

6,911

2,391

9,302

3,434

3,120

3,023

9,578

642

2,667

Gross Profit

1,597

783

1,457

3,839

1,272

5,111

2,102

1,765

1,721

5,589

263

1,750

Operating income/(loss)

720

(74)

496

1,142

201

1,343

976

670

559

2,206

62

1,063

Eighthwave of
COVID-19

Related issues
RBJ excluded
from scope of
consolidation

1.
2.

Revenue for each segment includes intersegment revenue and transfers.
The ¥(657) million operating income for the first three quarters of fiscal 2024, under adjustment, includes intersegment elimination (¥208 million in the first three quarters offiscal 2024) as well as corporate expenses (¥(865) million in the same period) that are not allocated to any reporting segment. Corporate expenses are general andadministrative expenses not associated with any reporting segment, mainly because it is difficult to justifiably allocate such expenses to any particular reporting segment.
Copyright© FinTech Global Incorporated

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Business Summary by Segment (2)Revenues(Millions of yen)

9,578

10,000(Millions of yen)

(Millions of yen)

5,589

6,000

1,800
8,000

6,911

Operating Income

Gross Profit

200

313

4,000

415

3,839

3,000

2,206

4,000
6,000

1,796

136

248
4,000

2,000

258

1,142
5,111

7,743
2,000

5,081

(41)

(Public)

3,541

(16)

1,000

1,948

3,077

(224)

(198)

(539)

(657)

2023/9Q3 YTD2024/9Q3 YTD

0

2,000

(214)

(98)

(278)

(138)
(1,000)002023/9Q3 YTD2023/9Q3 YTD2024/9Q3 YTD2024/9Q3 YTDUp ¥1,750 million, or 45.6%(2,000)Up ¥2,667 million, or 38.6%(Public)

Up ¥1,063 million, or 93.0%(2,000)Note: Segment breakdown uses non-eliminated values.

Investment
Banking Business

Public Management
Entertainment Service Business
Copyright© FinTech Global Incorporated
Consulting BusinessCorporate expenses andeliminated transactions

7

Investment Banking Business—Revenues and gross profit by service
Business succession projects moved in favorable direction. Progress in new activities, including aircraft leasing and funds using vehicles
as target investment.
• Arrangement transaction services: Revenue increase driven by asset management services for business succession projects (Revenues from services for businesssuccession projects accounted for about 70% of revenues from arrangement transaction services.)
Saw growth in formation, sale and operation of funds using vehicles as target investment*, a new business launched in fiscal 2023. Reinsurance-related income from a
subsidiary acquired in second quarter of fiscal 2023, also contributed.
(*A fund that leases vehicles, such as commercial vehicles, purchased with investor capital and distributes profits generated from the leasing operations.)• Private equity investment: Higher revenues and higher income, reflecting steady recovery of investment in acquisition funds.
• Asset investment: Increase in sale of small-lot products utilizing real estate trust beneficiary rights. Also increase in revenue from aircraft operating lease and sales
activities, which began in second quarter. Gross profit lackluster, reflecting accounting losses incurred on Metsä-related asset exchange between Group companies.
• Aviation business: Steady demand for technical services and aircraft registration services. Signs of change appeared in demand for technical services as pandemic wound
down, but actively expanded revenue base, mainly through start of leasing services for aircraft and other modes of transportation.

(Millions of yen)

Revenues

7,743

8,000

Gross Profit(Millions of yen)

Other

6,000

5,111

146
(Other)6,000

62(Other)

2,751

5,081

4,000

38

37

(Other)(Other)

1,523

2,077

4,000

2,000

259

276
1,204

Private equity investment (Investment
targets include business succession
projects and start-up companies)

30

1,296

Metsä Village (Includes tenantrental income, parking fees, event
space usage fees)(Metsä Village)

259
1,225

1,475

3,541
1,045

807
2,255

2,000
(Metsä Village) 20(Asset investment) 49

26
1,214 （Asset investment）
2,221
1,174

0

0

FY2023Q3 YTD

FY2024Q3 YTDUp ¥2,661 million, or 52.4%

FY2023Q3 YTD

Aviation business (Includes aircraft
asset management, aircraft buying
and selling, and leasing operations)

FY2024Q3 YTDUp ¥1,570 million, or 44.3%

Copyright© FinTech Global Incorporated

Asset investment (Includes real estate
sales/rental, aircraft sales/leasing
Arrangement transaction services(Includes arrangements, asset
management, real estate brokerage)
Note: Aircraft asset management renamed aviation
business. Revenues from aircraft buying and selling aswell as leasing operations, previously included underasset investment, now shown under aviation business.

8Trends in Balance of Investments and Loans• Balance of investments and loans was down 4.3% from end of second quarter reflecting investment exits.
(Factors of change in third quarter of fiscal 2024)• Principal investment:
Principal investment decreased due to exits from private-equity investments. Balance at end of third quarter
was down ¥323 million from end of second quarter.

Principal investment

Total Investments and Loans (including investments in subsidiaries)(Millions of yen)

7,815

8,398
7,713

7,796

8,036

(Includes business succession projects)
Total of operational investment securities, investments insecurities, equity in affiliated companies, and investments
in capital to affiliated companies but excluding investments
into venture capital funds.

Venture capital funds(Investment into two funds.)

3,235
2,840

146
314

2,720

147
291

2,788

124
365

129
510

2,911

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.

145
454

Real estate (Metsä business)
Real estate for Metsä. Metsä Village real estate booked underreal 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.

4,515

4,554

4,517

4,523

4,524
Notes: 1. Total investments and loans compriseamounts for FGI and aviner.
2. Does not include contribution or loans
between FGI, aviner
3. Does not include rental assets (aircraft)

2023.62023.92023.122024.32024.6

Copyright© FinTech Global Incorporated

9

Financing for Acquisition Funds to Facilitate Business Succession Projects
Aggregate acquisition fund formation amount ( ≒ investment amount) reached total of ¥38.4 billion in
first three quarters of fiscal 2024, already 286% of full-year total in fiscal 2023.
Q1: Formation of large projects
Q2: Larger number of arrangements formed due to timing of fiscal year-end for financial institutions to which FGI brings deals.
Q3: Arrangement value climbing toward turning profit next fiscal year.

(Millions of yen)

Acquisition Fund Formation Amount38,45015,138

5,400

Q3

9,406

Q2

13,44023,643 Q1

7,770
1,965
FY2020

FY2021

FY2022

FY2023Copyright© FinTech Global Incorporated

FY2024Q3 YTD10Changes in Assets under Management

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

Asset management activities characterized by increasing trend in residence investment by overseas
investors• Balance of assets under management slipped 1.5% from the end of the second quarter, to ¥149.6 billion, largely because saleof assets associated with business succession projects offset increase in residence investment.
*The above balance is an aggregate amount comprising assets under investment management and investment advisory contracts with
FAM and investment management contracts with FGICP.

151,918(Millions of yen)

83,51013,178134,111

10,286

111,777

17,34029,435

13,17429,015

149,685
9,340
23,377
FGICP(Securities, etc.)
FAM

29,04424,198112,196

116,967

Other real estate(Real estate, excluding residences)

FAM

87,755(Residences)69,55846,1332023.62023.92023.122024.3Copyright© FinTech Global Incorporated

2024.6

Notes: 1. Healthcare facilities: Mainly housing
for seniors.
2. The balance of assets undermanagement is calculated on the basisof such factors as recent financial
statements available to FAM and theacquisition cost of real estate.

11

Public Management Consulting Business

Public Management Consulting Corporation (PMC)

Achieved 26.4% revenue improvement, thanks to increased demand for services to support for preparation of financial
documents and for public facilities management. Reinforced human resources, and took robust approach to expand sales.
• Higher demand for services to support separate facility plans that set out maintenance, management and upgrades on a facility
basis as well as plans and research on ways to extend the service life of facilities, restructure and relocate.
• Support extends across many areas, including childcare and measures to promote good health, and efforts to increase number ofconsultants successfully translated into a wider market response.
Segment Information(Millions of yen)

Number of large local governments receiving contract services

313

Revenues

Prefectures248

2

Other services

10

Services to support preparation offinancial documents

1

7

8

9

Apr.2021

Apr.2022

Apr.2023

21.3%
share

3
Apr.2020

Apr.2024-Mar.2021 -Mar.2022 -Mar.2023 -Mar.2024 -Mar.2025

Ordinance-designated cities/special wards
4(16)
Segment income(loss)(41)
FY2023Q3 YTD

FY2024Q3 YTD5

7
Apr.2020

Apr.2021

Other services

3

3
9

7

11

Apr.2022

13

12

27.9%
share
Apr.2023

Services to support preparation offinancial documents

Apr.2024-Mar.2021 -Mar,2022 -Mar.2023 -Mar.2024 -Mar.2025
Copyright© FinTech Global Incorporated

12

Moomin Monogatari, Ltd.
METSÄ Co., Ltd.

Entertainment Service Business

Spending per guest was up, driven by evening events and price revision. Lowered costs and lightened segment loss.
• Number of guests fell 3.8% year on year, but evening events and fireworks display encouraged many guests to stay at Metsä
longer and inevitably spend more while on-site. Upward price revisions generated higher sales from tickets and increased
revenues from sale of merchandise, and food and beverages.
• Costs continued to drop, reflecting review of outsourcing and merchandise and food and beverage purchasing, price revisions,and steps to strengthen sales of original goods. Cost of sales ratio improved 8.7 points year on year, to 76.9%. Going forward,
Metsä operator will strive to streamline expenses while maintaining the budget for promotional campaign at the current level.

（Millions of yen）
2,000

Notes:
1. Guest count is total number of guests
at Metsä Village and Moominvalley
Park.
2. Revenues are based on non-eliminatedintersegment transactions.

Revenues 1,796

Guest count 509

1,800(Thousands of people)
600

490

300

1,000

3. EBITDA is calculated by adding
depreciation and amortization of
goodwill included in cost of revenue
and selling, general and administrative
expenses to operating income.

EBITDA 59

65

Segment
income(Loss) (224)

(198)

0

FY2023
Q3YTD△ 1,000
Copyright© FinTech Global Incorporated

0

FY2024
Q3YTD
△ 300

13

Changes in Entertainment Service Business Results (Quarterly)(Thousands of people)(Millions of yen)
2,000

300

Guest count 214

Notes:
1. Guest count is total of Metsä
Village and Moominvalley Park.
2. Revenues are based on non1,000
eliminated intersegment
transactions.
3. EBITDA is calculated by adding
depreciation and amortization of
goodwill included in cost of revenue
and selling, general andadministrative expenses to operating
income.

209

152
143

151

124
713

713

128

584

EBITDA 77(43)

0

Segment income (18)(loss)
Q1

591

515

498

25

494

96
(46)

(50)
1

(66)

(137)

(139)

Q2

Q3

150

Q4

Fiscal 2023
Copyright© FinTech Global Incorporated

18

0

(56)
(143)

Q1

Q2

Q3

Fiscal 2024

14

Initiatives at Moominvalley Park
Goal is to create enjoyable environment, especially from child’s perspective, and boost overall guest countwith enhanced content, discount campaigns and other crowd-drawing approaches.
“Water play at Moominvalley”(July 12 – September 8)“Child Support Campaign” (July 27 – September 30)

Hobgoblin’s Magical Splash Zone
Huge column of water spurts out from Hobgoblin’s hat forsoaking-wet fun in new “Cove Terrace” area (from July 19)

One-day pass for children just ¥500 during
campaign period
Campaign presented by non-profit Decent Work Lab for childrenof high school age and younger.

© Moomin Characters TM

Little My Sunflower Mist Zone

Splashing Creek

Even small children can safely enjoy thiswater zone where a gentle mist sprays
out from pillars of sunflowers.

Zone where children can splash aroundin a stream that runs throughMoominvalley to beat the summer heat.

Moominvalley fireworks over the lake (July 27 – September 30)
Crowd-pleasing fireworks display takes place every evening during
the event period. Special Night Pass perfect for late-in-day visit tocatch dazzling fireworks illuminate night sky over lake.

Copyright© FinTech Global Incorporated

15

Consolidated Balance Sheets
AssetsCurrent assets
1 Cash and time deposits
2 Accounts receivable, trade, andcontract assets
3 Operational investment securities
Loans receivable, trade
4 Real estate for sale
Merchandise
Other
Allowance for doubtful accounts
Noncurrent assets
5 Property, plant and equipment
Intangible fixed assets
Investments and other assets
Total assets

Fiscal 2023

(Thousands of yen)

Fiscal 2024
First Three
Quarters

ChangeLiabilities
Current liabilities
Accounts payable, trade
6 Short-term loans payable
Current portion of long-termloans payable
Income taxes payable
Lease obligations
Accrued employee bonuses
Other
Noncurrent liabilities
7 Long-term loans payable
Lease obligations
Deferred tax liabilities
Net defined benefit liability
Other
Total liabilities

12,477,247
2,918,561

13,980,003
4,515,417

1,502,755
1,596,856

1,355,231

1,013,333(341,897)

2,848,142
346,365
4,095,967
160,768
883,381(131,170)
6,646,706
5,530,068
131,260
985,377
19,123,953

2,459,051
336,015
4,624,843
146,264
1,023,875(138,798)
7,089,379
5,930,622
137,512
1,021,245
21,069,382(389,091)(10,350)
528,875(14,503)
140,493(7,627)
442,673
400,553
6,252
35,867
1,945,429

1

Increased, as distribution of dividends offset temporary drop caused by investment intoacquisition funds.

2

Decreased because collection of accounts receivable on public management consulting
business and aviation business offset higher accounts receivable from arrangement services on
business succession solutions.

3

Decreased, despite increased equity in acquisition funds through new investment, owing toprogress on sale of small-lot real estate product trust beneficiary rights.

4Increased mainly due to completion of real estate redevelopment projects.

5

Increased due to acquisition of rental assets (helicopters) following start of operating leasebusiness and installation of solar power generation facilities at Metsä.

6

Increased because of loans taken mainly to acquire working capital and rental assets(helicopters).

7

Decreased due to repayment of borrowings by a subsidiary SPC forming small-lot real estate
products.

Fiscal 2024
Fiscal 2023 First Three
Quarters

Change7,880,663
308,710
77,954

9,177,605
263,903931,285

1,296,941(44,806)
853,331

6,082,038

6,228,415

146,376

125,884
149,086
257,626
879,363
1,849,970
1,290,817
50,723
97,175
126,297
284,955
9,730,633

277,195
34,437279,773
1,162,594
1,225,306
740,350
27,852
16,616
147,058
293,429
10,402,911

151,311(114,649)
22,146283,231(624,663)(550,467)(22,870)(80,559)
20,7608,473
672,278

8,141,924

9,308,585

1,166,660

5,372,574

5,373,336

761

Net Assets
Shareholders’ equity
Common stock
Additional paid-in capital
Retained earnings
Treasury shares
Accumulated othercomprehensive income
Stock acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

Copyright© FinTech Global Incorporated

974,443

968,642(5,801)

1,794,907

3,264,643

1,469,736(0)(298,037)(298,036)

150,683

142,954(7,728)77,299101,497

24,1981,023,412

1,113,433

90,0209,393,319

10,666,471

1,273,151

19,123,953

21,069,382

1,945,429

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Consolidated Statement of Income
Fiscal 2023
First Three Quarters(Thousands of yen)
Ratio toRevenues

Fiscal 2024
First Three Quarters

Ratio toRevenues

YoY Change
AmountYoY Change
Ratio

Revenues

１6,911,192

100.0%

9,578,972

100.0%

2,667,780

38.6%

Cost of revenues

２3,072,185

44.5%

3,989,291

41.6%

917,106

29.9%

3,839,006

55.5%

5,589,681

58.4%

1,750,674

45.6%

2,696,087

39.0%

3,383,580

35.3%

687,492

25.5%

1,142,918

16.5%

2,206,100

23.0%

1,063,181

93.0%

Other income

66,271

1.0%

55,0960.6%(11,175)(16.9)%

Other expenses

124,718

1.8%

152,749

1.6%

28,031

22.5%

Ordinary profit

1,084,472

15.7%

2,108,447

22.0%

1,023,975

94.4%

Extraordinary profit

198,394

2.9%

67,0430.7%(131,351)(66.2)%

Extraordinary loss

32,3690.5%――(32,369)(100.0)%1,250,497

18.1%

2,175,490

22.7%

924,992

74.0%

Income taxes

252,153

3.6%

474,4205.0%

222,267

88.1%

Profit998,34414.4%

1,701,070

17.8%

702,725

70.4%

Profit attributable to non-controllinginterests

216,6133.1%

231,334

2.4%

14,720

6.8%

Profit attributable to owners of parent

781,73111.3%

1,469,736

15.3%

688,004

88.0%

Gross profit
Selling, general and administrative expenses
Operating income

Income before income taxes

３

４

１

Primarily due to increase in revenues from business succession solution services and aircraft business.

２

Metsä-related costs decreased, but cost of selling trust beneficiary rights and sales commissions increased, following higher sales of small-lot real estate products, andoutsourcing costs increased paralleling higher sales at SGI, compounding impairment loss on investment in start-up companies. This led to higher cost of revenues.

３

FGI and FinTech Asset Management revised respective personnel evaluation and compensation system. Will review base salary and various allowances starting with December
2024 allocation. Other Group companies also working to reinforce personnel and number of subsidiaries increasing, leading to higher personnel costs. Payment fees and otherexpenses grew, paralleling business expansion, driving SG&A up 25.5% year on year.

４

Among business succession projects, home remodeling company presenting good synergy potential with FGI Group was turned into subsidiary, leading to booking of ¥66
million in gain on bargain purchase.(Q2)
Copyright© FinTech Global Incorporated

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Repurchase of Own Shares
Implemented own-share repurchase two times in fiscal 2024, based on Board of Directors’ resolution
Repurchased own shares to improve capital efficiency and for other purposes, including realization of flexible capital policy
matched to business environment and to underpin executive incentive plan.
Decision made on August 9 to set parameters for repurchase of own shares
To improve profit distribution and capital efficiency, and given that FGI’s stock price has been trading at low level relative topotential value, management set parameters for own-share repurchases.

Repurchaseperiod(Plan)

Maximum
repurchase

Repurchaseresults

RepurchasemethodRepurchase concluded (February 10,2024 decision)

Repurchase concluded (May 10,2024 decision)

Parameters for repurchase (August 9,
2024 decision)

February 19, 2024 – September 30,
2024

May 13, 2024 – October 31, 2024

August 13, 2024 – October 31, 2024

Number of shares: 2,500,000(1.24% of total number of sharesissued and outstanding (excluding
treasury stock))Number of shares: 1,650,000(0.83% of total number of sharesissued and outstanding (excluding
treasury stock))Number of shares: 2,000,000(1.01% of total number of sharesissued and outstanding (excluding
treasury stock))Amount: ¥150 million

Amount: ¥150 million

Amount: ¥150 million

Repurchase period: February 19,
2024 – February 21, 2024

Repurchase period: May 13, 2024 –June 21, 2024

1,957,400 shares(0.97% of total number of sharesissued and outstanding (excluding
treasury stock) )1,650,000 shares(0.83% of total number of sharesissued and outstanding (excluding
treasury stock) )Amount: ¥149,992,500

Amount: ¥148,044,400—

Market purchase on Tokyo Stock Exchange
Copyright© FinTech Global Incorporated

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Changes in Key Financial Data
Fiscal 2019

Fiscal 2020

Fiscal 2021

Fiscal 2022

Fiscal 2023

First Three
Quarters
Fiscal 2024

Revenues(millions of yen)

9,175

6,841

8,107

9,301

9,302

9,578

Gross profit(millions of yen)

2,944

2,313

3,370

3,990

5,111

5,589

Operating income/(loss)(millions of yen)

(1,664)

(992)

178

587

1,343

2,206

Ordinary profit (loss)(millions of yen)

(1,850)(1,135)

115

540

1,277

2,108

Profit /(loss) attributable to owners of parent (millions of yen)

(1,586)(1,186)

130

176

1,603

1,469

Net assets(millions of yen)

8,873

7,304

7,439

7,842

9,393

10,666

Total assets(millions of yen)

19,025

16,583

16,457

17,933

19,12321,069Net assets per share

(yen)

37.03

31.12

31.47

32.72

41.19

47.80

Net income (loss) per share(yen)(8.08)(5.90)

0.65

0.88

7.97

7.34

Diluted net income (loss) per share

(yen)

－

－

0.65

0.87

7.94

7.31

Equity to total asset ratio

(%)

39.1

37.7

38.5

36.7

43.4

44.9

Equity to net income ratio(%)(21.5)(17.3)

2.1

2.7

21.6

－

Price earning ratio (PER)(times)

－

－

86.1

44.6

7.7

－

Cash flow from operating activities(millions of yen)

(2,604)

680

747

(701)

615

－

Cash flow from investing activities(millions of yen)

(4,543)

(282)

(173)

(141)

766

－

Cash flow from financing activities(millions of yen)

5,710

(767)

(360)

802

(538)

－

Cash and cash equivalents at the end of the(millions of yen)fiscal year

2,513

2,142

2,379

2,375

2,868

－

Number of employees(consolidated)(part-time employees)(employees)

167(262)

156(224)

149(209)

176(144)

153(169)

171(200)

Number of employees(nonconsolidated)(part-time employees)(employees)

39(5)

28(6)

28(4)

30(4)

26(6)

44(7)

Copyright© FinTech Global Incorporated

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Corporate Data: FinTech Global Incorporated

Head office

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

Establishment

December 7, 1994

Representative

Nobumitsu Tamai, President and Chief Executive Officer

Date of listing

June 8, 2005

Securities Code8789 (TSE Standard Market)

Fiscal year-end

September 30

Main businessI. Investment banking
II. Investment
Ⅲ. Asset management
Ⅳ. Local issue solutions

Number of issued shares

201,321,700 shares

Minimum trading unit

100

Capital stock¥5,373 million(As of June 30, 2024)

Net assets (consolidated)¥10,666 million(As of June 30, 2024)

Number of employees

Consolidated: 171 (As of June 30, 2024, excludes temporary staff)(As of June 30, 2024)•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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The firm of innovative finance

Disclaimer

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 thesuccessful implementation of business strategies for the FGI Group. The Group may not be successful in implementing its businessstrategies, 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 corporatebankruptcies 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’sbusinesses; 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.

Copyright© FinTech Global Incorporated

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