As a boutique investment bank providing leading-edge, innovative financing solutions, FGI is involved in activities that help address issues faced by companies and local communities. In recent years, we have seen an increase in inquiries for solutions, including investment, from companies facing challenges, especially those related to business succession. Capital procurement through acquisition funds formed to facilitate investment reached ¥15.0 billion in fiscal 2022, ended September 30, 2022, and we feel the need for this kind of financing solution is extremely high. At the same time, various factors, notably, the pandemic, the rising cost of resources and raw materials, and yen depreciation, have caused the business environment to deteriorate, exacerbating problems associated with business succession.
FGI will continue to embrace approaches to address social issues and realize growth, including corporate support, such as solutions targeting the issue of business succession, as well as efforts in regional revitalization and support for healthier fiscal positions through regional public accounting. Toward this end, we will reinforce our own business base and also work cooperatively with various stakeholder groups to deal with social issues and achieve growth together.
Today, a rapidly transforming business landscape makes forecasting difficult. But we will strive to accurately pinpoint changes, deal with them and then, using this knowledge and experience to read future needs, move steadily forward on medium- and long-term measures. We ask for the continued understanding and support of stakeholders as we travel this road together.
January 4, 2023 Nobumitsu Tamai
President and Chief Executive Officer, FinTech Global Incorporated