the Notification concerning Money Borrowing on Behalf of the Fund and the Creation of Encumbrance on the Infrastructure Asset; (b) if the fund invests in an infrastructure asset in the form of a
Infrastructure Asset; (b) if the fund invests in an infrastructure asset in the form of a company’s shares under Clause 1(3)(e), there shall be a supervisory mechanism causing any money borrowing or creation of
better. 3. Financial Technology Business (Fintech) J Ventures Company Limited ("JVC") conducts the business of software development and invests in Started-up companies, a subsidiary where enhances the
during any calendar year, calculated from the average of the total net asset value at the end of the last business day of each month; (b) in the case where a mutual fund management licensee invests in or
during any calendar year, calculated from the average of the total net asset value at the end of the last business day of each month; (b) in the case where a mutual fund management licensee invests in or
property fund referred to in (1)(b), the estimated return mentioned in (3) shall not be presented for longer than three (UNOFFICIAL TRANSLATION) 4 accounting periods. If such property fund invests in lease
presented for longer than three (UNOFFICIAL TRANSLATION) 4 accounting periods. If such property fund invests in lease hold right, it shall clearly specifies that the estimated return does not include
referred to in (1)(b), the estimated return mentioned in (3) shall not be presented for more than three accounting periods. If such property fund invests in leasehold right, it shall clearly specifies that
presented for more than three accounting periods. If such property fund invests in lease hold right, it shall clearly specifies that the estimated return does not include unitholders’ capital; (5) the details
factors affecting future operating results The Company operates businesses as a holding company, which mainly invests in the retail business, and conducts business together under the business model to