FinTech Global Incorporated
Notice Regarding Recording of Extraordinary Losses
Upon transfer of assets to a special purpose company and liquidation, a consolidated extraordinary loss of 400 million yen and a 400 million yen impairment loss in the standalone results are expected to be recorded. It is undecided whether there will be revisions to the full-year earnings forecast going forward.
Key Figures
- Extraordinary loss: 4億円
- Impairment loss on allowance for doubtful accounts: 4億円
- Target period: 2026年９月期
AI要約
Background and history of the case
The decision to transfer the assets of Solar 2025 Spring LLC, a special purpose company we established, to the consolidated subsidiary Solar 2026 Autumn LLC has been approved by the board of directors. We will proceed with liquidation and promote off-balance-sheet measures to improve capital efficiency. Solar 2026 Autumn LLC expects to raise funds through financing from financial institutions and subordinated loans, with the aim of eventual deconsolidation.
Impact for the 2026 September term and beyond
As a result, the consolidated financial statements for the 2026 September term are expected to record an extraordinary loss of 400 million yen and the standalone results to include a 400 million yen impairment loss on allowance for doubtful accounts. The full-year consolidated earnings forecast has not been revised as of the May 12, 2026 disclosure, but if revisions become likely, they will be disclosed promptly.
Fintech Global Corporation
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