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President's Speech on the 5th Anniversary of JOIN's Founding

On behalf of all of us at JOIN, I would like to express my gratitude to all.

JOIN celebrated its 5th anniversary on Oct 20, 2019. It only feels like yesterday even though it was five years ago that I was cutting the ribbon with Minister Ota of Ministry of Land, Infrastructure, Transport and Tourism (MLIT) for the inauguration of JOIN's office.

We owe our appreciation to the Japanese Ministry of Land, Infrastructure, Transportation and Tourism (MLIT), other ministries and our partnering companies in overseas infrastructure projects that have supported and guided JOIN over the past 5 years.

Since commencing operation in October 2014, JOIN has attained approval from the Minister of MLIT on investment in 21 projects totaling JPY95.2 bn, of which JPY77.1 billion was invested. We received approval to invest in transportation, urban development and just about all the projects in the infrastructure field as represented in particular by the high speed railway project in the US. The number of our Japanese partners has steadily increased to 29 companies and our international networks have expanded by signing MOUs with 8 overseas developers and governments including Singapore. Under JOIN's current Three Year Medium Term Management Plan, we are aiming to achieve our projection to receive dividend from our forecasted total investment of JPY100bn by the end of fiscal year 2019. We thank everyone for our achievement.

It was moving to see the Japanese rugby team win against Scotland's team a few weeks ago. This spectacular victory elevating the Japanese rugby team to Tier-1 world-class level was probably revolutionized by lots of hard training and the united strength under the spirit of "All for One". One thing I noticed was that when players from various backgrounds aim for one goal, they can achieve unexpected results.

Currently JOIN has a total of 62 employees creating a team with variety of experience and background. If all our employees continue to work hard to become leaders in overseas infrastructure investment and take on the challenge of spreading Japan's safe and economical "good quality and sustainable investments" in the overseas markets, we are sure that JOIN will be the worlds first-class hands-on infrastructure fund.

JOIN will continue to work with the government and MLIT in cooperation with other related ministries and agencies to actively expand our know-how and technology so that Japanese companies can continue to feel comfortable when entering the overseas markets. 

We look forward to your continued guidance and encouragement in the future.