Agreements reached under this partnership
Business alliance- 1
Market feasibility studies and strategy development for a financial business in Japan
- 2
Building relationships with Japanese financial institutions, regulatory authorities and potential partners
- 3
Work related to adapting to Japanese laws and regulations, including the Banking Act and the Payment Services Act, as well as Japanese business practices
- 4
Preparation of application documents, consultations and business plan development for obtaining licenses and approvals for banking and other businesses
- 5
Establishment of management and risk management frameworks
- 6
Investigation into the implementation of a core banking system
- 7
The client's day-to-day operations, including general administration, accounting, licensing application procedures in Japan and liaison with banks
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
We believe this will contribute to enhancing our corporate value over the medium to long term.
| Item | Details |
|---|---|
| Name of alliance partner | 株式会社 Freedom Japan, Freedom Holding Corp. |
| Alliance partner's business activities | Market research, analysis and consulting related to financial businesses using advanced FinTech, as well as market research and regulatory authority liaison in preparation for entering the banking business, A diversified financial services company engaged in brokerage, securities trading, investment research and advisory services, investment banking and underwriting, residential mortgage lending, insurance and many other services |
| Alliance partner's location | Chiyoda-ku, Tokyo, United States (New York, NY) |
| Alliance partner's capital | ¥100,000,000 (株式会社 Freedom Japan) |
| Alliance partner's net sales | US$2,051 million (fiscal year ended March 2025, Freedom Holding Corp.) |
| Alliance partner's operating income | US$113 million (fiscal year ended March 2025, Freedom Holding Corp.) |
| Type of alliance | Business alliance |
| Details of the alliance | Market feasibility studies and strategy development for a financial business in Japan, Building relationships with Japanese financial institutions, regulatory authorities and potential partners, Work related to adapting to Japanese laws and regulations, including the Banking Act and the Payment Services Act, as well as Japanese business practices, Preparation of application documents, consultations and business plan development for obtaining licenses and approvals for banking and other businesses, Establishment of management and risk management frameworks, Investigation into the implementation of a core banking system, The client's day-to-day operations, including general administration, accounting, licensing application procedures in Japan and liaison with banks |
| Overview of the joint venture | 株式会社 Freedom Japan. Its registered office is on the 2nd floor of the Shin-Kioicho Building, 4-1 Kioicho, Chiyoda-ku, Tokyo. Its business comprises market research, analysis and consulting related to financial businesses using advanced FinTech, as well as market research and regulatory authority liaison in preparation for entering the banking business. Its capital is ¥100,000,000. FRHC holds a 90% ownership interest and our company holds a 10% ownership interest. |
| Ownership ratio | FRHC 90%; our company 10% |
| Dispatch of directors and officers | Representative Director Timur Turlov. Acceptance or dispatch of other directors and audit & supervisory board members: Not disclosed |
| Contract Date | 1 July 2026 |
| Impact on Business Performance | We believe this will contribute to enhancing our corporate value over the medium to long term. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Our company and FRHC established the joint venture Freedom Japan to develop a new financial business in the Japanese market, and the scope of services under which our company will formally undertake project management and day-to-day operations in Japan has been finalized.