Expansion of New Services Including Points and Payment Services

「During the interim consolidated accounting period, we transferred all shares of 株式会社フィノバレー, formerly a consolidated subsidiary comprising the fintech business, and excluded it from the scope of consolidation. As a result, we withdrew from that business.」

「During the fiscal year under review, MoneyEasy was also introduced for Yudepi in Omura, Nagasaki Prefecture, Jimoppei in Kochi Prefecture, Higashimurayama Ain Pay in Higashimurayama, Tokyo, and Sento in Beppu, Oita Prefecture, among others, as we actively expanded into other regions and companies.」

「In the fintech business, transactions centered on existing MoneyEasy implementation sites expanded and progressed steadily. As a result, segment revenue was ¥150.457 million, up 56.6% year on year, and the segment loss was ¥2.533 million, compared with a segment loss of ¥546 thousand in the same period of the previous year.」

「In the fintech business, transactions centered on existing MoneyEasy implementation sites expanded and progressed steadily. As a result, segment revenue was ¥55.640 million, up 50.1% year on year, and the segment loss was ¥5.236 million, compared with a segment loss of ¥22.804 million in the same period of the previous year.」

「During the fiscal year under review, MoneyEasy was adopted for 7 projects, including Itabashi Pay in Itabashi, Tokyo, Sasebo e-Coin in Sasebo, Nagasaki, Fuchu Chike in Fuchu, Tokyo, and Mani Coin in Maniwa, Okayama.」

「The digital regional currency platform MoneyEasy progressed steadily, exceeding the initial expectations for the period. During the third quarter, MoneyEasy was adopted for Itabashi Pay in Itabashi, Tokyo, Sasebo e-Coin in Sasebo, Nagasaki, Fuchu Chike in Fuchu, Tokyo, and Mani Coin in Maniwa, Okayama.」

「In the new business area, initial implementations of the digital regional currency platform MoneyEasy progressed.」

「Following the Sarubobo Coin in the Gifu Prefecture Hida-Takayama area and Aqua Coin in Kisarazu, Chiba Prefecture, MoneyEasy has also been introduced for MINA Coin in Minamishimabara, Nagasaki Prefecture, Setagaya Pay in Setagaya, Tokyo, and Kiji Uma Coin in Hitoyoshi, Kumamoto Prefecture, among others, as we actively expand into other regions and companies.」

「Following the Sarubobo Coin in the Gifu Prefecture Hida-Takayama area and Aqua Coin in Kisarazu, Chiba Prefecture, MoneyEasy has also been introduced for MINA Coin in Minamishimabara, Nagasaki Prefecture, and Setagaya Pay in Setagaya, Tokyo, among others, as we actively expand into other regions and companies.」

「MoneyEasy supports the issuance of digital regional currencies and payments at local stores through smartphone apps, as well as the digitization of premium shopping vouchers and the introduction of administrative points. It is attracting interest as a regionally rooted digital currency and an effective means of revitalizing regional economies.」

「We are also working to add and expand MoneyEasy's functions. Specifically, through collaboration with relevant parties, we are expanding its role not only in revitalizing regional economies through payment infrastructure using regional currencies, including support for municipal tax payments and administrative points that municipalities can issue, but also in promoting the digital transformation of regional financial institutions and municipalities and in serving as an information infrastructure platform through the aggregation of regional data.」

「We are pursuing revenue growth, including through new services, by strengthening the app marketing functions of the O2O solution popinfo, expanding the regions and companies served by the electronic regional currency platform MoneyEasy, developing apps for the real estate sector, and developing and providing solutions using VUI (Note 3).」

「Commercial use of the electronic local-currency platform MoneyEasy began in October 2018 under the name Aqua Coin at Kisarazu City Hall, the Kisarazu Chamber of Commerce and Industry, and Kimitsu Shinkin Union.」

「By separating the electronic regional currency business into a separate company, we aim to expand the business more rapidly, achieve growth in smartphone payments, and provide new value for regional revitalization.」

「MoneyEasy began commercial operation at Hida Credit Union in December 2017. It was also selected for demonstration projects by Iyo Bank in February 2018 and by Kisarazu City Hall, the Kisarazu Chamber of Commerce and Industry, and Kimitsu Credit Union in March 2018. Initiatives to expand implementation sites are progressing in parallel.」

「MoneyEasy began commercial operation at Hida Credit Union in December 2017. It was also selected for a Huis Ten Bosch demonstration project in December 2017, an Iyo Bank demonstration project in February 2018, and demonstration projects scheduled for March 2018 involving Kisarazu City Hall, the Kisarazu Chamber of Commerce and Industry, and Kimitsu Credit Union. Initiatives to expand implementation sites are progressing in parallel.」

「MoneyEasy, the electronic regional currency platform, began commercial operation in Hida in December 2017 and was selected for a Huis Ten Bosch demonstration project, while initiatives to expand its implementation sites are progressing in parallel.」

「We are developing several businesses and services, including the provision of an electronic regional currency platform, and will continue to steadily capture business opportunities, create new offerings and work to develop them.」

「From the third quarter onward, we plan to view the current favorable business environment as an opportunity for business expansion and invest management resources in strengthening initiatives involving new services and businesses.」

「To achieve further medium-term growth, we plan to strengthen our efforts in new services and businesses.」

「We have launched new services, including app-based points and payment services, and will continue to actively pursue new services and businesses to expand our business scale and strengthen our earnings base.」