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

Summary of Financial Statements
for the First Two Quarters of Fiscal 2024
<under Japanese GAAP>May 10, 2024
(Code Number: 8789 Tokyo Stock Exchange)

Company Name: FinTech Global Incorporated(URL: https://www.fgi.co.jp/en/)

TEL: +81-3-6456-4600

Representative:

President and Chief Executive Officer

Name: Nobumitsu Tamai

Contact:

Executive Vice President, Senior Executive Officer

Name: Takashi Senda

Scheduled date for filing of securities report:

May 14, 2024－
Preparation of explanatory materials for quarterly financial results:
Scheduled date of commencement of dividend payment:

Yes

Information meetings arranged related to quarterly financial results:
None(Rounded down to the nearest million)
1. Consolidated results for the first two quarters of fiscal 2024
(October 1, 2023 – March 31, 2024)(1) Consolidated operating results(Percentages indicate year-on-year changes.)
Revenues

Millions ofyenFirst two quarters of fiscal
6,555
2024
First two quarters of fiscal
4,530
2023
(For reference) Comprehensive income:

Profit attributable toowners of the parent

Ordinary profit%

Millions of yen%

Millions of yen%

Millions of yen

%

44.7

1,646

154.9

1,588

152.7

1,117

134.1

2.5

645

－

628

－

477

－

1,248 million yen for the first two quarters of fiscal 2024 (90.81%)
654 million yen for the first two quarters of fiscal 2023 (－%)

Net income
per share(diluted)

Net income
per shareFirst two quarters of fiscal
2024
First two quarters of fiscal
2023

Operating income

Yen

Yen

5.56

5.54

2.37

2.36

(2) Consolidated financial position
Total assets
First two quarters of fiscal
2024
Fiscal 2023
(For reference) Shareholders’ equity:

Net assets

Equity ratio

Millions of yen

Millions of yen%

20,623

10,33644.6

19,1239,393
9,204 million yen for the first two quarters of fiscal 2024
8,292 million yen for fiscal 2023

- 1 -

43.4

2. Dividends

Yen

End ofsecond quarter
Yen

Dividends per share
End ofthird quarter
Yen

Fiscal 2023

－

0.00

Fiscal 2024

－

0.00

End offirst quarter

Fiscal 2024
(Forecast)(Note)
Change from the latest dividend forecast: None

End offiscal year

Total
Yen

Yen

－

0.00

0.00

－

1.50

1.50

3. Consolidated financial forecasts for fiscal 2024 (October 1, 2023 – September 30, 2024)(Percentages indicate year-on-year changes.)
Profit attributable to
Revenues
Operating income
Ordinary profit
EPS
owners of the parent
Millions of yen
Fiscal 2024

11,400% Millions of yen
22.6

2,200

% Millions of yen
63.7

2,000

%

Millions of yen

%

Yen

56.6

1,400

(12.7)

7.00(Note)
Change from the latest consolidated financial forecasts: Yes*Notes(1) Changes in significant subsidiaries during the period (Changes in specified subsidiaries accompanying change in scope of
consolidation): None
(2) Adoption of specific accounting policies for quarterly consolidated financial statements: None
(3) 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
(4) Number of shares issued (common shares)
1. Number of shares issued (including treasury stock):

201,321,700 shares for the first two quarters of fiscal 2024
201,305,200 shares for fiscal 2023
1,957,420 shares for the first two quarters of fiscal 2024
20 shares for fiscal 2023
200,876,680 shares for the first two quarters of fiscal 2024
201,301,966 shares for the first two quarters of fiscal 2023

2. Number of shares of treasury stock:
3. Average number of shares:* This summary of financial statements is exempt from the review procedures.
* Explanation of the appropriate use of performance forecasts and other related items(Caution regarding forward-looking statements)
The forward-looking statements included in this summary of financial statements are based on the assumptions, forecasts, and plansof FinTech Global Incorporated (hereafter, “FGI” and “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.
(Impact of acquiring treasury stock)
On May 10, 2024, the Board of Directors of the Company approved a resolution to repurchase its own shares pursuant to Article 156of the Companies Act, which is applicable in lieu of Article 165, Paragraph 3 of this act. As a result, “EPS” in 3.“Consolidated
financial forecasts for fiscal 2024” above takes into consideration the impact of this treasury stock acquisition.

- 2 -1. Qualitative Information on Business Results and Financial Position(1) Business Results
The FGI Group is promoting private equity investment associated with business succession solution services
where FGI buys a business struggling with succession issues to solve the situation.
Over the first two quarters—October 1, 2023 to March 31, 2024—of FGI’s fiscal 2024 consolidated
accounting period ending September 30, 2024, steady progress on multiple business succession projects andgrowth in aircraft asset management services fueled revenues, which climbed 44.7% year on year, to ¥6,555
million, and drove gross profit up 62.4% year on year, to ¥3,868 million. Selling, general and administrative
expenses rose 28.0%, to ¥2,221 million, reflecting higher personnel costs and payment fees, but the major
increase in gross profit underpinned huge improvement in operating income, which soared 154.9% year on
year, to ¥1,646 million, as well as ordinary profit, which jumped 152.7% year on year, to ¥1,588 million.
Profit attributable to owners of the parent leaped 134.1% year on year, to ¥1,117 million, owing to thebooking of ¥66 million in gain on bargain purchase under extraordinary income.
(Unit: Millions of yen)First Two Quarters ofFirst Two Quarters of

Fiscal 2023

Fiscal 2024

YOY Change

Revenues

4,530

6,555

2,024

Investment banking business

3,284

5,316

2,031

182

238

55

Entertainment service business

1,211

1,208

(3)

Elimination

(148)

(208)

(59)

Gross profit

2,381

3,868

1,487

Investment banking business

2,200

3,560

1,359

Public management consulting business

95

148

53

Entertainment service business

148

262

114

Elimination

(62)

(103)

(40)

645

1,646

1,000

Investment banking business

1,193

2,254

1,061

Public management consulting business

(17)

12

30

Entertainment service business

(158)

(142)

16

Elimination or corporate expenses

(371)

(478)

(107)

Ordinary profit

628

1,588

959

Income before income taxes

786

1,655

868

Profit attributable to owners of the parent

477

1,117

640

Public management consulting business

Operating income〔Segment income/ (loss)〕

A breakdown of performance by business segment is presented below. Revenues include
intersegment revenues and transfers.
a.

Investment Banking Business
The investment banking business recorded a year-on-year increase in revenues fromarrangement transaction services, including upfront fees as well as management fees andperformance fees on various arrangements, including business succession projects,
complemented by higher investment income through exit activity on private equity
investments. In asset investment, the balance of assets under management reached ¥151.9
billion, rising 35.9% from the end of fiscal 2023, reflecting investment by overseas investors- 3 -into residences, and the foundation for stock-type earnings—that is, recurring fee revenues—
was further reinforced. Revenue from asset investment grew, supported by an increase in thesale of small-lot products utilizing real estate trust beneficiary rights and income from aircraft
operating lease and sales activities, which began in the second quarter. Aircraft asset
management services maintained a favorable course, charting higher income from technicalservices, such as aircraft inspections, as well as aircraft registration services and aircraft
remarketing. This was complemented by intermediary sales of leased aircraft engines owned byinvestors in Japan.
As a result, investment banking revenues jumped 61.9% year on year, to ¥5,316 million,
and segment income grew 89.0%, to ¥2,254 million.
b.

Public Management Consulting Business

The public management consulting business, hinging on Public Management Consulting(PMC), continued to welcome inquiries from large local governments, driven by demand foroutsourcing services to prepare financial documents and awareness of the FGI Group’s
expertise. The number of ordinance-designated cities and special zones receiving contract
services thus grew by one, to nine. The number of prefectures receiving contract services is
expected to increase by one in the third quarter, which will bring the total to 13. In support
services for public facility management, PMC saw greater demand from local agencies needing
help with separate facility plans that set out maintenance, management and upgrades on afacility basis as well as plans and research on ways to extend the service life of facilities,
restructure and relocate.
Consequently, the segment achieved revenues of ¥238 million, surging 30.6% year on
year, and reversed from a loss position of ¥17 million a year ago, with income of ¥12 million.
c.

Entertainment Service BusinessIn the entertainment service business, an emphasis was on attracting guests to Moominvalley
Park with appealing events, such as “Winter Wonderland in Moominvalley Park 2023” and“Winter Fireworks in Moominvalley,” which ran from November 2023 through January 2024,
and then, from March 2024, promotional activities to celebrate Moominvalley Park’s fifth
anniversary and “Spring Festival 2024.” The number of visitors to Metsä, which comprises
Metsä Village and Moominvalley Park, slipped 5.3% year on year, to about 330,000. Butchanges, including a different ticket format that encouraged guests to stay longer to enjoy
evening events and fireworks as well as a revision in prices led to an increase in spending per
guest on merchandise and food and beverages.
Given the above, segment revenues reached ¥1,208 million, down only 0.3% year on year.
Reflecting the results of a review on such expenses as outsourcing certain operations as well as
price revisions, the cost ratio improved 9.5 points, to 78.3%. As a result, the segment was able
to lighten the red of its operating loss by ¥16 million year on year, to ¥142 million.
Moominvalley Park celebrated its fifth anniversary on March 16, 2024, and actively
expanded content and promotional activities to capitalize on the crowd-drawing potential ofthis operating milestone. Going forward, steady progress on updates to existing facilities andthe debut of new permanent content should lead to a recovery in guest count.

(2) Consolidated Financial Position
AssetsTotal assets at the end of the second quarter of fiscal 2024 stood at ¥20,623 million, up 7.8% fromthe end of fiscal 2023 on September 30, 2023. The change is largely due to increases of ¥257
million in cash and time deposits, ¥198 million in notes and accounts receivable, trade, and contract
assets, ¥202 million in operational investment securities, due to new investments, ¥512 million in- 4 -real estate for sale due mainly to the completion of real estate development projects, and ¥499
million in other under property, plant and equipment reflecting acquisition of lease assets
paralleling the start of the operating lease business and the installation of solar power generation
facilities at Metsä.
Liabilities
Total liabilities at the end of the second quarter of fiscal 2024 amounted to ¥10,286 million, up
5.7% from the end of fiscal 2023 on September 30, 2023. The change reflect increases of ¥613
million in short-term loans payable, because of loans taken to acquire lease assets, and ¥125 million
in current portion of long-term loans payable, which overshadowed a decrease of ¥280 million in
long-term loans payable.
Net assets
Net assets at the end of the second quarter of fiscal 2024 came to ¥10,336 million, up 10.0% fromthe end of fiscal 2023 on September 30, 2023. The change is primarily due to a ¥1,117 million
increase in retained earnings, paralleling quarterly profit attributable to owners of the parent, which
negated a ¥149 million decrease from the buyback of treasury shares.
(3) Information on Forward-Looking Statements, including Consolidated Performance
Forecast
Second quarter actual results and expectations for the third and fourth quarters indicate significant
progress in business succession solution services and associated private equity investment, andcomplemented by brisk demand for other investment banking business services, the board of
directors has upwardly revised the full-year consolidated performance forecast disclosed on
November 8, 2023. (Net income per share forecast was announced on February 9, 2024.)(Millions of yen, %)Revenue

OperatingincomeOrdinary
incomeProfit attributableto owners of theparent

Net income pershare (yen)Previous forecast (A)10,000

1,800

1,600

1,200

6.00

Current forecast (B)11,400

2,200

2,000

1,400

7.01

Change (B-A)

1,400

400

400

200

—

Increase (%)

14.0

22.2

25.0

16.7

—

Reference: Previous fiscal
year (ended September 30,
2023)

9,302

1,343

1,277

1,603

7.97

Note that the consolidated performance forecast is based on information currently available to management
and certain assumptions deemed reasonable. Actual results may differ substantially from expectations for avariety of reasons.

- 5 -2. Consolidated Financial Statements and Primary Notes(1) Quarterly Consolidated Balance Sheets

Fiscal 2023
(As of September 30, 2023)(Unit: Thousands of yen)First Two Quartersof Fiscal 2024
(As of March 31, 2024)

AssetsCurrent assets
Cash and time deposits

2,918,561

3,176,392

1,355,231

1,554,144

2,848,142

3,050,888

346,365

339,465

4,095,967

4,608,546

Merchandise

160,768

148,341

Other

883,381798,156

Allowance for doubtful accounts(131,170)(142,383)

12,477,247

13,533,551

5,379,191

5,367,441

Notes and accounts receivable - trade, and contract
assetsOperational investment securities
Loans receivable, trade
Real estate for sale

Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation(902,259)(980,105)

Buildings and structures, net

4,476,932

4,387,336

Other

1,053,136

1,552,814

Total property, plant and equipment

5,530,068

5,940,150

Goodwill

105,272

92,610Other

25,987

48,944

Total intangible fixed assets

131,260

141,555

Investments in securities

535,327

516,137

Long-term loans receivable

16,672

12,506

Deferred tax assets

140,877

122,400

Other

Intangible fixed assets

Investments and other assets

292,531391,505

Allowance for doubtful accounts(30)(34,465)

Total investments and other assets

985,377

1,008,083

6,646,706

7,089,788

19,123,953

20,623,340

Total noncurrent assets
Total assets- 6 -(Unit: Thousands of yen)First Two Quartersof Fiscal 2024
(As of March 31, 2024)

Fiscal 2023
(As of September 30, 2023)
Liabilities
Current liabilities
Accounts payable, trade308,710

Short-term loans payable

363,859

77,954690,972

6,082,038

6,207,054

Income taxes payable

125,884

248,638

Lease obligations

149,086

36,097

Accrued employee bonuses

257,626

253,835

Other

879,363

912,851

7,880,663

8,713,307

1,290,817

1,010,509

50,723

34,112Current portion of long-term loans payable

Total current liabilities
Noncurrent liabilities
Long-term loans payable
Lease obligations
Deferred tax liabilities

97,17596,073Retirement benefit liability

126,297

139,338

Other

284,955

293,429

Total noncurrent liabilities

1,849,970

1,573,463

Total liabilities

9,730,633

10,286,770

Common stock

5,372,574

5,373,336

Capital surplus

974,443

968,642

Retained earnings

1,794,907

2,912,473(0)(149,993)

8,141,924

9,104,458

Valuation difference on available-for-sale securities

67,41621,098Foreign currency translation adjustment

83,26678,929Total accumulated other comprehensive income

150,683

100,027

Net assets
Shareholders' equity

Treasury shares
Total shareholders' equity
Accumulated other comprehensive income

Stock acquisition rights

77,29999,331

Non-controlling interests

1,023,412

1,032,752

Total net assets

9,393,319

10,336,570

Total liabilities and net assets

19,123,953

20,623,340- 7 -(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income
Quarterly Consolidated Statements of Income(Unit: Thousands of yen)First Two Quartersof Fiscal 2023
(From October 1, 2022

First Two Quartersof Fiscal 2024
(From October 1, 2023

to March 31, 2023)

to March 31, 2024)

Revenues

4,530,710

6,555,685

Cost of revenues

2,149,152

2,687,048

Gross profit

2,381,557

3,868,636

Selling, general and administrative expenses

1,735,569

2,221,985

645,988

1,646,651

Interest income

1,915

6,402

Dividend income

－

3,209

41,51030,65026,7692,279

Operating income
Non-operating income

Share of profit of entities accounted for using equity
methodSubsidy income
Other

1,656

2,909

Total non-operating income

71,85245,45164,97370,751Non-operating expenses
Interest expense－

14,970Foreign exchange losses

18,133

12,273

Other

6,352

6,063

Total non-operating expenses

89,460104,059628,380

1,588,043

190,025

66,531

369

511

190,394

67,043

Loss on retirement of noncurrent assets

32,369－Total extraordinary loss

32,369－

Income before income taxes

786,406

1,655,086

Income taxes (current)

146,439

308,183

Loss on valuation of investment securities

Ordinary profit
Extraordinary income
Gain on bargain purchase
Other
Total extraordinary income
Extraordinary losses－

47,784

Total income taxes

146,439

355,968

Profit639,967

1,299,118

Profit attributable to non-controlling interests

162,534

181,552

Profit attributable to owners of the parent

477,432

1,117,565

Income taxes (deferred)- 8 -Quarterly Consolidated Statements of Comprehensive Income(Unit: Thousands of yen)First Two Quartersof Fiscal 2023
(From October 1, 2022

First Two Quartersof Fiscal 2024
(From October 1, 2023

to March 31, 2023)

to March 31, 2024)

Profit639,967

1,299,118

Valuation difference on available-for-sale securities

19,758(46,318)

Foreign currency translation adjustment(5,528)(4,556)

Total other comprehensive income (loss)

14,230(50,874)

654,197

1,248,243

Owners of the parent

494,092

1,082,546

Non-controlling interests

160,104

165,697

Other comprehensive income (loss)

Comprehensive income
Comprehensive income attributable to- 9 -(3) Notes to Quarterly Consolidated Financial Statements(Assumption of Going Concern)
Not applicable.
(Significant Change in Shareholders’ Equity)
For the six months ended March 31, 2023 (From October 1, 2022 to March 31, 2023)
1. Cash dividends paid
Not applicable.
2. Significant changes in shareholders’ equity
Pursuant to a resolution of the 28th Ordinary General Meeting of Shareholders held on December 22, 2022, theCompany reduced common stock, legal capital surplus and legal retained earnings, as well as appropriated surplus
on January 27, 2023.
As a result, common stock decreased by ¥1,098,930 thousand, legal capital surplus decreased by ¥4,036,488
thousand, with these amounts transferred to other capital surplus. The ¥47,303 thousand decrease in legal retained
earnings was transferred to retained earnings brought forward.
The ¥5,135,419 thousand in other capital surplus generated through by decreasing common stock and legal capitalsurplus was transferred to retained earnings brought forward and used to compensate for current deficit.
As a result, common stock stood at ¥5,372,574 thousand, capital surplus stood at ¥960,465 thousand and retained
earnings stood at ¥668,910 thousand as of March 31, 2023.
These changes have no effect on the total amount of shareholders’ equity.

For the six months ended March 31, 2024 (From October 1, 2023 to March 31, 2024)
1. Cash dividends paid
Not applicable.
2. Significant changes in shareholders’ equity
Not applicable.

- 10 -

(Segment Information)
I. Six months ended March 31, 2023 (October 1, 2022 to March 31, 2023)
1. Information about the amount of revenues, profits or losses pursuant to each reporting segment(Thousands of yen)
Investment
Banking
Business

Reporting Segments
PublicEntertainment
Management
Service
Consulting
Business
Business

Total

Consolidated(Note 2)Adjustment(Note 1)

Revenues
Revenues tothird party

3,175,480

176,952

1,178,277

4,530,710－

4,530,710

Inter-segment
revenues andtransfers

109,360

6,000

33,528148,888(148,888)

－

Total

3,284,840

182,952

1,211,805

4,679,599(148,888)

4,530,710

Segment
income (loss)

1,193,065(17,640)(158,339)

1,017,085(371,097)

645,988

Notes:
1. Adjustment of segment income (loss), at ¥ (371,097) thousand, includes elimination of transactions among
segments of ¥114,028 thousand and corporate expenses of ¥ (485,126) thousand, which are not allocatable toreporting segments. Corporate expenses are mainly general and administrative expenses, which do not belong to any
reporting segments.
2. Segment income (loss) is reconciled with operating income in the quarterly consolidated statements.
2. Information about impairment loss on noncurrent assets or goodwill, etc. pursuant to each reporting segment(Significant gain on bargain purchase)Gain on bargain purchase was recognized in the Investment Banking Business segment as the Company acquired
shares of Trinity Japan Co., Ltd. and consolidated it as a subsidiary company from the first two quarters of the current
fiscal year. The recorded amount of gain on bargain purchase resulting from this event is ¥190,025 thousand. Note thatgain on bargain purchase is not included in segment income as it is extraordinary income.

- 11 -

Ⅱ. Six months ended March 31, 2024 (October 1, 2023 to March 31, 2024)
1. Information about the amount of revenues, profits or losses pursuant to each reporting segment(Thousands of yen)
Investment
Banking
Business

Reporting Segments
PublicEntertainment
Management
Service
Consulting
Business
Business

Total

Consolidated(Note 2)Adjustment(Note 1)

Revenues
Revenues tothird party
Inter-segment
revenues andtransfers
Total
Segment
income(loss)

5,200,514

232,861

1,122,309

6,555,685－

6,555,685

116,288

6,000

86,418208,706(208,706)－

5,316,802

238,861

1,208,727

6,764,391(208,706)

6,555,685

2,254,923

12,448(142,298)

2,125,073(478,421)

1,646,651

Notes:
1. Adjustment of segment income, at ¥ (478,421) thousand, includes elimination of transactions among segments of¥156,693 thousand and corporate expenses of ¥ (635,115) thousand, which are not allocatable to reporting segments.
Corporate expenses are mainly general and administrative expenses, which do not belong to any reporting segments.
2. Segment income (loss) is reconciled with operating income in the quarterly consolidated statements.
2. Information about impairment loss on noncurrent assets or goodwill, etc. pursuant to each reporting segment(Significant gain on bargain purchase)Gain on bargain purchase was recognized in the Investment Banking Business segment as the Company acquired
shares of P-con Home Service Co., Ltd. and consolidated it as a subsidiary company from the first two quarters of thecurrent fiscal year. The recorded amount of gain on bargain purchase resulting from this event is ¥66,531 thousand.
The amount of the gain on bargain purchase was tentatively calculated as the allocation of the acquisition cost had notbeen completed as of the end of the first two quarters of the current fiscal year. Note that gain on bargain purchase is
not included in segment income as it is extraordinary income.

- 12 -