Cumulative Results for the current quarter (year-on-year)
Operating revenue was ¥ ２，６８８ million (up, 53.4 %), quarterly net loss attributable to owners of parent was ¥ (80) million (up, ¥127 million)
Sales of unlisted shares progressed in Japan and overseas. Capital gains from 4 project-oriented investments contributed.
1 of the 4 projects was sold in the previous fiscal year.
Provisions and project costs increased operational cost. Strong capital gains compensated for the operational cost and reduced the deficit.
Business plan progress report
TMS Co., Ltd. achieved IPO in Nov. 2022. First price multiple* reached 30.0 times.
First price multiple = Market value of shares held by the Group calculated at first price/Total our acquisition cost.
Established second fund which supporting business succession needs and increased commitment amount of the fund to ¥ 2.7 billion
Invested in solar power systems with storage batteries installed on the rooftops of distribution centers
Posted gains from investment exits of 1 logistic warehouse located in Hidaka City, Saitama and 1 facility for the elderly located in Minato-ku, Minami Aoyama
Anime Festival Asia, a project-oriented investment in entertainment contents, held in November at Singapore, with a record number of visitors.
Result forecasts
No revision on the result forecasts disclosed in November 2022
Operating revenue of ¥3,1５0 million （cumulative progress rate for the third quarter, 85.4％）, net profit attributable to owners of parent of ¥160 million （compared to cumulative results for the third quarter loss of ¥ (80) million）
Results for the third quarter were lower than expected because of provisions and project costs.
JAIC plans to increase sales of unlisted shares in Japan and overseas in the fourth quarter to achieve the result forecast.
Financial Results Overview for 3rd Quarter of FY Mar. 2023
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JAIC - Japan Asia Investment Co. Ltd. published this content on 14 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2023 06:17:04 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. 