financial services in Asia
President & CEO Nobuyoshi Fujisawa
First of all, I would like to express my sincere appreciation to your support.
When I became the largest shareholder of J Trust through TOB in March 2008, there were only 81 employees and the company's total assets were 12.1 billion yen. At the same time in Japan, the domestic finance companies were in trouble due to the revision of the law such as maximum loan amount limit, but I thought that I should be actively pursue M&A, purchase of receivables and new businesses to generate the top-line growth and expand its assets.
For domestic financial business, we exited the unsecured loan business for individual customers. Instead, real-estate related credit guarantee business and servicer business serve key earnings drivers for the group.
Based in Japan, we will deliver Japanese high quality business to Asia.
As a result, J Trust has grown into a group with over 600 billion yen in total assets and employees over 2,700 at the end of March 2017.
We are currently focused on credit guarantee business for financial institutions including banks and loan servicing business in Japan. As a comprehensive financial group in South Korea, there are savings banks, a financing service company for providing installment loans and loan servicing business that we have developed with prior knowledge in Japan. The core business with solid revenue base is built. In addition to the above, we have operated a bank in Indonesia. The achievements of the Group in the past 10 years, I believe that greater flexibility is needed to meet changing circumstances, quick decision making and good judgement are crucial to the strong business growth.
I myself have lived in Singapore and been visiting many other countries to seize M&A opportunities and made a prompt decision on the spots.
Unconstrained by Existing Paradigms, J Trust keeps moving forward with the vision. Thank you very much for your valued support.
Thank you again for your continued assistance.
Nobuyoshi Fujisawa, President & CEO