PHALs, Inc.

We are very pleased to sign the Japan Impact-driven Financing Initiative. Since our foundation in 2020, we have been making impact investments in emerging countries such as Cambodia and creating new local businesses based on our philosophy of “Bringing sustainable well-being to all mankind”. To realize our philosophy, we believe it is essential to co-create higher quality impact investments through evaluating the impact of our investments and impact management with our partner companies, rather than merely achieving financial returns. Taking the opportunity of signing this initiative, we will work together with other institutions to contribute to overall development of impact-oriented investment.