AI storm Co., Ltd.
Notice of Conclusion of Memorandum with AI storm Co., Ltd.
Entered a memorandum with Fintech Global Inc. (FGI) regarding fund operations. For vehicles sold to the fund whose registration name transfers remain incomplete, a deadline will be set and, if transfer cannot be completed by that deadline, the company plans to repurchase the vehicles from the fund. The impact on the fiscal year ending December is under review and will be disclosed at the earnings announcement on November 13.
Key Figures
- Impact period: Fiscal year ending December, Reiwa 8
- Earnings announcement date: November 13, Reiwa 8
- Specific repurchase amount/number of cases: Unknown
AI要約
Overview and Background
AI storm Co., Ltd. has concluded a memorandum with Fintech Global Inc. (FGI) to resolve cases where registration name transfers for vehicles sold to a fund—where FGI serves as arranger and the company participates as operator—remain incomplete. For vehicles with incomplete transfers, the company will set a deadline; if transfer cannot be completed within that deadline, the company will repurchase the vehicles to resolve the issue.
Impact on Results and Future Disclosures
The impact of this memorandum on the fiscal year ending December, Reiwa 8 is currently under review, and details are scheduled to be disclosed at the earnings announcement planned for November 13, Reiwa 8. This action is intended to facilitate the smooth completion of fund transfer procedures, while short-term impacts remain uncertain.
AI storm Co., Ltd.
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