Message from CEO
We will continue to embrace challenges as a boutique-style investment bank and strive to achieve steady growth along with our corporate clients and local communities.
Since our establishment in 1994, we have contributed to the success of various projects promoted by our corporate clients through financial arrangements and investments and loans, including asset investment and corporate investment, as a boutique-style investment bank specializing in structured finance. Metsä is the largest project that the FGI Group has been involved in from both financial arrangement and investment and loan perspectives.
The guest count at Metsä Village, which opened in November 2018 ahead of Moominvalley Park, has exceeded expectations, with more than 100,000 visitors passing the entrance gates in the first month. In March 2019, Moominvalley Park will open. We have prepared in every possible way, in terms of facilities and services, so that Metsä will provide an enjoyable experience and long-lasting memories for many people.
At the same time, we recognize that recovery of asset investment in Metsä Village and an exit on corporate investment into Moomin Monogatari, Ltd., are issues requiring attention.
Many guests are visiting Metsä Village, where FGI owns real estate, and later, when Moominvalley Park opens, the latent value of this asset is bound to rise. This will be achieved through securitization and other techniques, but we are also looking into new development using idle land to improve value even more.
With regard to shares in Moomin Monogatari, we will first direct our efforts toward building higher value by enhancing the appeal of Moominvalley Park as a visitor destination during the opening and operation phases and then strive to increase revenues on a consolidated basis.
While the process of recovering our investment in Metsä is likely to take some time to complete, we believe the FGI Group will be able to generate considerable growth through efforts to apply capital recovered from past investment projects as funds for investment by the core investment banking business and utilize capital raised through the 19th series of new stock acquisition rights, which was issued in December 2018, to fuel investment and loan activities. Concurrently, we will encourage activities within the Group to expand our network of connections to financial institutions and accountants, including tax accountants, promote sales of subdivided real estate investments and other financial products, enrich M&A agency services and consulting operations, and pursue more corporate investment and asset investment opportunities.
We will continue to embrace challenges as a boutique-style investment bank and strive to achieve steady growth along with our corporate clients and local communities. Your support and understanding will be much appreciated as we travel this road together.
January 4, 2019
President & CEO, FinTech Global Incorporated