J Bridge Corp : Summary of Financial Results for the Third Quarter Ended on March 31 2012

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Summary of Financial Results for the Third Quarter Year Ended on March 31, 2012(Consolidated) February 14, 2012

Listed Company: ASIA ALLIANCE HOLDINGS CO., LTD. Listed On: TSE Secpmd Section

Stock Code: 9318 (URL http://www.aah.co.jp/) Representative: Title: President & Representative Director

Name: Kotaro Takamori

Contact Person: Title: General Manager, Business Planning Department

Name: Hiroyuki Ueno Phone: [phone]

Filing Date on Quarterly Securities Report: February 14, 2012

Payment Date of Cash Dividends: ?

Supplemental Materials Prepared for Quarterly Financial Results: No

Earning Announcement for Quarterly Financial Results: No

I. Consolidated Results for the 3rd Quarter the period ended on March 31, 2012 (April 1, 2011 - December 31, 2011) (1) Consolidated Operating Results

	Sales	Operating Profit	Recurring Profit	NetProfitThis Quarter (Q1)
FY 2012 3rd Quarter FY 2011 3rd Quarter	¥ in millions ? 3,297 1.1 3,260 (49.2)	¥ in millions ? (169) ? (632) ?	¥ in millions ? (104) ? (678) ?	¥ in millions ? (220) ? (1,617) ?

(Note) Comprehensive Income: 3Q FYE March 2012 ¥ (225) million 3Q FYE March 2011 (¥ 2,472 million)

	Net Quarterly Profit per Share	Net Profit per Share After Latent Stock Adjustment
FY 2012 3rd Quarter FY 2011 3rd Quarter	Yen Sen (2. 32) (17. 05)	Yen Sen ? ?

(2) Consolidated Financial Position

	Total Asset	Net Asset	Shareholder's Equity Ratio	Net Asset Per Share
FY 2012 3rd Quarter FYE 2011	¥ in millions 1,921 2,888	¥ in millions 571 793	% 11.4 15.4	Yen Sen 2. 31 4. 68

(Note) Capital Equity: FY2012 Q3: ¥218 million FY2011 Q3: ¥443 million

II. Dividends

	Dividend per Share
Record Date	End of Q1	End of Q2	End of Q3	End of the term	Annual
FYE 2011 FYE 2012	Yen Sen ? ?	Yen Sen ? ?	Yen Sen ? ?	Yen Sen 0.00 ?	Yen Sen 0.00 ?
FYE 2012 (Plan)	?	?	?	0.00	0.00

(Note) No revision of dividend forecast during the period.

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III. Projected Consolidated Performance for the Year Ending March 31, 2012 (April 1, 2011- March 31, 2012)

ASIA ALLIANCE HOLDINGS Co., Ltd. and its group's business are comprised stock appraisal profits and losses arising from the investment business, administration payments from managing funds, etc., and completion bonuses obtained according to capital gains realized during the accounting term of funds.

In additoin, we will announce the "Mid-term Business Plan" in near future and target value on the Business

Plan will be modified depending on the business and financial situation.

IV. Other Information

(1) Changes in significant subsidiaries which affected scope of consolidation during the fiscal 3rd quarter ended

December 31, 2012: None

(2) Adoption of simplified accounting methods and special accounting methods for preparation of quarterly consolidated financial statements: None

(3) Accounting principles/procedures, changes in methods of presentation in preparation of quarterly consolidated financial statements.

1. Changes in application of Accounting Standard for Quarterly Financial Reporting and related guidance: None

2. Any changing except above (3)-1: None

(4) Number of shares outstanding

1. Number of shares outstanding at end of the period(including treasry stocks): FY 2012, Q3 94,863,629 shares

FYE 2011 94,863,629 shares

2. Number of treasry stocks issued at end of the period: FY 2012, Q3 15,909 shares

FYE 2011 15,909 shares

3. Average number of shares outstanding at end of period(consolidated) FY 2012, Q3 94,847,720 shares

FY 2011, Q3 94,847,740 shares

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V. Consolidated Financial Statements

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(1) Consolidated Balance Sheets (?in thousands)

FYE 2011 FYE 2012, Q3
(As of March 31, 2011) (As of December 31, 2011)
Assets
Current Assets
Cash and Cash Equibalents
Bill Receivables and Accounts Receivables
Accured Reevenue of Completed work
Real Estate Held for Sale
Cost for Contract Work in Progress
357,364 730,569
46,616 21,290
267,271 195,055
1,652,354 507,924
4,949 7,852
Money Deposited 129,410 137,401
Deferred Tax Asset
Other
Allowance of Doubtful Accounts
Total Current Asssets
Fixed Assets
Tangeble Fixed Assts
105,263 11,437
98,176 67,840 (87,190) (35,118)
2,574,215 1,644,255
Buildings and Structures(net) 2,667 696
Land 40 40
Other(net) 5,056 2,885
Totoal Tangible Fixed Asets 7,763 3,621
Intangible Fixed Assets
Goodwill 122,320 99,385
Other 132 109
Total Intangible Fixed Assets 122,453 99,495
Investment and Other Assets
Investments in Securities 122,278 114,868
Long-term Loan 113,761 113,761
Deferred Tax Asset 21,174 20,343
Other 41,042 39,278
Allowance for Doubtful Accoutns (113,761) (113,761) Total Investment and Other Assets 184,495 174,489
Total Fixed Assets 314,712 277,606
Total Assets 2,888,928 1,921,862

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(1) Consolidated Balance Sheets Cont. (?in thousands)

FYE 2011 FYE 2012, Q3

(As of March 31, 2011) (As of December 31, 2011)

Liabilities

Current Liabilities

Acounts Payable on Construction 281,380 402,877

Advance received for Construction Work in Progress 60,695 161,947

Short-term Borrowings

Bonds Payable Due Within One Year

Accrued Income Taxes

Reserve for Bonus Payments

987,000 108,836

150,000 150,000

5,864 9,174

9,980 4,182

Allowance for Guarantee Work on Consturuction 1,000 1,800

Provision for Loss on Completed Work 3,500 10,200

Provision for Loss on Lawsuit - 11,000

Other

Total Fixed Liabilities

Fixed Liabilities

Allowance for Severance Benefits

Provision for Directors' Retirement Benefits

Long-term Accounts Payables

Other

Total Fixed Liabilities

Total Liabilities

Net Assets

Shareholder's Equity Capital Stock Retained Earnings Tresury Stocks

Total Shareholder's Equity

Accumulated Other Comprehensive Income

Other Revaluation Reserve

Foreign Currency Translation Adjustment

Total Revaluation and Adjustment Reserves

New Share Subscription Rights

Total Net Assets

Total Liabilities and Net Assets

322,063 211,210

1,821,483 1,071,228

25,590 25,064

46,800 52,650

200,995 200,995

344 ?

273,729 278,709

2,095,213 1,349,937

3,300,000 3,300,000 (2,827,974) (3,048,297) (5,954) (5,954)

466,071 245,747

- (0) (22,356) (27,122) (22,356) (27,123)

350,000 353,300

793,714 571,924

2,888,928 1,921,862

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(2) Consolidated Income Statements

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(?in thousands) FYE 2011, Q3 FYE 2012, Q3
From April 1, 2010 From April 1, 2011
through December 31, 2010 through December 31, 2011

Sales 3,260,283 3,297,488

Cost of Sales 1,544,697 2,909,834

Gross Profit on Sales 1,715,585 387,653

Selling, General & Administrative Expenses

2,347,778 557,365

Operating (Loss? (632,192) (169,711) Non-operating Income

Interest and Dividend Income

Rental Earned

Foreign Exchange Gain

Insurance Premium Received

Reversal of Allowance for Doubtful Accounts

Income from Sponsorship

741 41,420
1,201 ?

? 4,774

7,000 ?

? 18,975

4,784 7,000

Others 4,493 19,141

Total Non-operating Income 18,220 91,310

Non-Operating Expenses

Interest Paid	58,012	23,578
Other	6,857	2,452
Total Non-operating Expenses	64,870	26,030
Recurring (Loss?	(678,842)	(104,432)
Extraordinary Profit
Profit on Sales of Fixed Asset Reversal of Allowance for Doubtful Accounts	- 224,713	541 ?
Profit on Desposal of Shares in Affiliates	1,049	?
National Subsidy	22,766	?
Total Extraordinary Profit	248,529	541
Extraordinary Loss
Loss on Retirement of Fixed Assets Loss on Disopsal of Affiliates	- 1,727,385	198 ?
Transfer of Allowance for Lawsuits Loss on Valuation of Investment Securities	- 7,368	11,000 ?
Transfer of Allowance for Employee Retirement Benefit	72,131	?
Others	12,172	2,776
Total Extraordinary Loss	1,819,058	13,974
Net (Loss) Before Taxes	(2,249,371)	(117,865)
Income Taxes	141,917	7,800
Adjustment for Income Taxes	(114,838)	94,957
Total Tax Expenses and Adjustment for Income Taxes	27,078	102,457
Net Loss Before adjustment of Minority Shareholder's Profit or (Loss)	(2,276,450)	(220,323)

Minority Shareholder's (Loss) Net (Loss?

5 (658,901) ?

(1,617,548) (220,323)