Operating revenue of ¥ 219 million (up, 30.2 % year on year) and quarterly net loss attributable to owners of parent of ¥ (262) million (¥25 million reduction in deficit).
Proceeds of sales of shares increased and investment write-off decreased.
Business plan progress report
Decided to invest in "non FIT type" solar power systems installed on the rooftops of distribution centers
The mega solar power plant in Iwaki City, Fukushima started electricity sales in July. We sold our equity of the fund invested in this power plant in August.
The logistic warehouse in Hidaka City, Saitama was built up in Apr. and was sold in June.
The facility for the elderly in Minamiaoyama, Minato-ku was built up in May and was sold in June.
The group home for the handicapped in Takamatsu City, Kagawa was built up. Expanded to 10 group homes including scheduled to be built up by the end of the year
Business development has progressed steadily in new investment area.
Result forecasts
Full-yearforecast remains unchanged. Sales of projects progress steadily. 2 projects were sold in 1Q and 1 project was sold in 2Q.
Forecast for fist half was revised. Sales of shares and project will be delayed from 2Q to 3Q.
Financial Results Overview for the 1st Quarter of FY Mar. 2023
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
JAIC - Japan Asia Investment Co. Ltd. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 06:18:06 UTC.
Japan Asia Investment Company, Limited is a Japan-based company mainly engaged in the investment business in Japan and other areas of Asia. The Company is engaged in the investment through its funds such as investment partnerships and others, which are established by institutional investors and other investors and by the Group's own investment. The Company operates through three investment businesses. The management and operation business is involved in the conduction, management and operation of funds, as well as the provision of services of undertakes accounting and in-kind management. The investment business is involved in the investment in private equity and projects such as renewable energy, healthcare and smart agriculture. The other business in involved in the provision of peripheral services such as provides various types of information and services for supporting investee companies and investing in projects.
JAPAN ASIA INVESTMENT CO., LTD. 
