In the fiscal year ended March 2017, we felt that the market of our operating environment was more competitive. For example, the maintenance and continuation of an easy money policy led small and medium enterprises, our main customers, to feel remarkably overfunded. At the same time, financial companies, including major financial institutions,were required by the evolution of technologies to shift away from the traditional business model. With these and other changes, the fiscal year was one of great transformation.
In this environment, Fuyo General Lease Co. Ltd. replaced Don Quijote Holdings Co., Ltd. as our parent company as of January 26, 2017.
This has enabled us to make maximum use of the resources held by our new parent company, such as its customer base, financial expertise, and human resources. We would like to take this as an opportunity to further expand our businesses, such as the Factoring Service Flexible Payment Service (FPS), our existing service designed for operating companies, Factoring Service in the medical and nursing care sector FPS Medical, and outsourcing services.
In addition, we will also proceed proactively with business diversification by proceeding with the development of new products that make use of systems, such as the Payroll Advance Service SUGUIRU, along with fresh overseas initiatives.
As described above, as a member of the Fuyo Lease Group, Accretive Co., Ltd. will continue working with the aim of being a one-of-a-kind company that provides services with a focus on small, short-term loans and peripheral operations.
We look forward to your continued support as we pursue these initiatives.
President & CEO
Accretive Co., Ltd.