Japan Asia Investment Company, Limited · TSE:8518
Japan Asia Investment — Q1 FY Mar. 2024 Earnings Presentation
37 slides from Japan Asia Investment's earnings presentation, Aug 14, 2023
Slide 1: Financial Results Overview for 1st Quarter Ended June 30, 2023
Financial Results Overview st for 1 Quarter Ended June 30, 2023 Japan Asia Investment Co., Ltd. (JAIC) (TSE 8518) Announcement date : Aug. 14, 2023 Financial Results Overview for 1st Quarter of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2023 -1-
Slide 2: Contents
Contents 1 Summary P3 2 Results for the current quarter (year-on-year) P4 Progress of the Medium-Term Management Plan 3 P9 (Numerical Plan) Progress of the Medium-Term Management Plan 4 P12 (Action Plan) 5 Appendix P19 The figures in this document are based on consolidated financial statements prepa
Slide 3: 1. Summary
1. Summary Results for the current quarter (year-on-year) • Operating revenue was ¥ 339 million (up, 54.5 %) • Quarterly net loss attributable to owners of parent was ¥ (95) million (up, ¥166 million). • Sales of listed stocks and unlisted stocks progressed in Japan. Strong sales of stocks and cap
Slide 4: 2. Results for the current quarter
2. Results for the current quarter Outline of results P5 Break down of operating revenue & operating cost P8 Financial Results Overview for 1st Quarter of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2023 -4-
Slide 5: Outline of results - I/S
2. Results for the current quarter - Outline of results - I/S FY 2023 FY 2024 (million yen) Change (1Q) (1Q) Operating revenue 219 339 54.5% Operating cost 185 149 (19.5%) Operating gross profit 34 190 451.7% SG&A expenses 262 278 6.2% Operating income (227) (87) - Ordinary income (248) (94) - Profi
Slide 6: Outline of results - B/S
2. Results for the current quarter - Outline of results - B/S fluctuation factors (million yen) FY 2023 FY 2024(1Q) Change (billion yen) Total assets 13,413 12,771 (4.8%) repayments of loan (0.3), execution of investments & loans Cash and deposits 2,464 2,378 (3.5%) (0.4), expenses etc.(0.3), collec
Slide 7: Outline of results - C/F
2. Results for the current quarter - Outline of results - C/F (JPY million) FY 2023(1Q) FY 2024(1Q) Operating cash flow (265) 349 Investing cash flow （0） 1 Financing cash flow (309) (316) Change in net cash flow (561) 36 Cash & cash equivalents at end of period 1,836 1,799 Operating cash flow; net
Slide 8: Break down of operating revenue & operating cost
2. Results for the current quarter - Break down of operating revenue & operating cost Total Private equity investment Project oriented investment （JPY million） FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 (1Q) (1Q) (1Q) (1Q) (1Q) (1Q) Operating revenue 219 339 207 318 12 21 Fund management fees e
Slide 9: 3. Progress of the Medium-Term Management Plan (Numerical Plan)
3. Progress of the Medium-Term Management Plan (Numerical Plan) Progress for the current quarter P10 Cautionary statements P11 Financial Results Overview for 1st Quarter of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2023 -9-
Slide 10: Numerical Plan - Progress in the current quarter
3. Progress of the Medium-Term Management Plan (Numerical Plan)- Progress in the current quarter Result forecast Result forecast Actual FY2024 1st Half Progression FY2024 Progression (million yen) FY 2024 (1Q) (disclosed in May ratio (disclosed in ratio 2023) May 2023) Operating revenue 339 525 64.7
Slide 11: Numerical Plan - Cautionary statements
3. Progress of the Medium-Term Management Plan (Numerical Plan)- Cautionary statements The private equity investment business conducted by the Group will be significantly affected by changing factors such as stock markets, given the characteristics of the business. In addition, it has been difficu
Slide 12: 4. Progress of the Medium-Term Management Plan (Action Plan)
4. Progress of the Medium-Term Management Plan (Action Plan) Business policy P13 Progress in the current quarter P14 Financial Results Overview for 1st Quarter of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2023 - 12 -
Slide 13: Action Plan - Business policy
4. Progress of the Medium-Term Management Plan (Action Plan) - Business policy Secure profits and funds by selling existing financial investment assets Business Increase the balance of project investment based on the new investment policy Policy Establish a hands-on investment style through co
Slide 14: Action Plan - Progress in the current quarter
4. Progress of the Medium-Term Management Plan (Action Plan) - Progress in the current quarter Action plan for 3 years Progress in FY 2024 1Q (3 months) Liquidate existing assets and complete asset replacement. JAPAN SYSTEMBANK CORPORATION achieved IPO. Private equity Originate three new funds
Slide 15: JAPAN SYSTEMBANK CORPORATION achieved IPO on the NSE Main Market
4. Progress of the Medium-Term Management Plan (Action Plan) - Progress in the current quarter JAPAN SYSTEMBANK CORPORATION achieved IPO on the NSE Main Market Ticker symbol 5530 Stock market NSE Main IPO date Apr. 14, 2023 Operation of coin-operated parking lots, sales and Business maintenance of p
Slide 16: Succession Investment Limited Partnership, II increased commitment to ¥4.2 billion
4. Progress of the Medium-Term Management Plan (Action Plan) - Progress in the current quarter Succession Investment Limited Partnership, Ⅱ increased its commitment amount to ¥4.2 billion Name Succession Investment Limited Partnership, Ⅱ Date of establishment 16, August 2022 General Partner AJ Capit
Slide 17: Built up 2 group homes for the disabled people
4. Progress of the Medium-Term Management Plan (Action Plan) - Progress in the current quarter Built up 2 group homes for the disabled people and established a total of 12 group homes Social Inclu Home Kawagoe Imafuku （Kawagoe City, Saitama Prefecture） April 2023 : built up August 2023 : Scheduled t
Slide 18: Perpetual memorial tree burial project, Shiba Atago Forest
4. Progress of the Medium-Term Management Plan (Action Plan) - Progress in the current quarter The 1st perpetual memorial tree burial project, "Shiba Atago Forest TM“, started at Koenji Temple in Minato-ku, Tokyo. Partner: 366 Co., Ltd. A tree burial garden has opened near Toranomon Kamiyacho Stat
Slide 19: 5. Appendix
5. Appendix Renewable energy projects P20 List of project oriented investments P21 Strategic investment P25 Asia network P26 Funds & investment activities P27 Business results & financial position P28 Break down of operating revenue & operating cost P29 Business field P30 Profit structure P31 Core c
Slide 20: Renewable energy projects
5. Appendix - Renewable energy projects (as of June 2023) Mega solar projects Started electricity sales 10 projects (12 power plants) 24.7 MW Hokkaido, Mega Solar, Under construction or under planning 3 projects 6.0 MW 1 project 2.3MW Total 13 projects (15 power plants) 30.7 MW attributable to JAIC
Slide 21: List of project-oriented investments
5. Appendix - List of project-oriented investments (as of June 2023) Type of No. Name of power plant or Location Generation Current status FIT project Capacity [MW] [tax excluded, ¥] Solar 1 Nishiki-cho, Kuma-gun, Kumamoto(*) 3.1 Started electricity sales in Dec. 2015 40 2 Nomaike solar power plant(
Slide 22: List of project-oriented investments
5. Appendix - List of project-oriented investments (as of June 2023) Type of No. Location Generation Current status FIT project Capacity [MW] [tax excluded, ¥] solar power 1 Koshigaya City, Saitama 0.2 Started electricity sales in Dec. 2022 － systems with storage batteries 2 Hidaka City, Saitama 0.3
Slide 23: List of project-oriented investments
5. Appendix - List of project-oriented investments (as of June 2023) Type of No. Location Project scale Current status project Facility for 8-story complex facility with a capacity of 1 Shinonome, Koto-ku, Tokyo Started operation in Apr. 2023 the elderly 100 people 1 Hamamatsu City, Shizuoka Started
Slide 24: List of project-oriented investments
5. Appendix - List of project-oriented investments (as of June 2023) Type of No. Location Project scale Current status project Existing part: started operation in Vegetable Mar. 2019 Tamba Sasayama City, Hyogo Annual production: 470 tons in total plant Expansion part: full-scale operation started in
Slide 25: Strategic investment
5. Appendix – Strategic investment Renewable Japan Co., Ltd. Smart Solar Corporation social inclu CO., LTD. Partner company in mega solar Partner company in mega solar Partner company in projects for projects projects group homes for the handicapped IPO date : 22 Dec. 2021 Investment Exit: Nov. 2022
Slide 26: Asia network
5. Appendix - Asia network Financial Results Overview for 1st Quarter of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2023 - 26 -
Slide 27: Funds & investment activities
5. Appendix - Funds & investment activities FY 2023 FY 2024 (JPY million) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 (1Q) (1Q) New & increased funds 2,000 1,359 151 1,001 3,701 - 500 AUM of funds - total *1 16,494 17,390 16,450 16,463 15,850 16,952 16,397 AUM of funds - JAIC *1 5,344 5,163 5,434 4,953
Slide 28: Business results, financial position
5. Appendix - Business results, financial position (Previous accounting standards) FY 2023 FY 2024 (JPY million) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 (1Q) (1Q) Business results Operating revenues 2,475 2,760 3,089 2,409 3,017 219 339 Operating gross profit 1,286 1,359 1,301 1,276 961 34 190 SG&A
Slide 29: Statement of Income - break down
5. Appendix - Statement of Income - break down (Previous accounting standard) FY2023 FY2024 (JPY:million) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 (1Q) (1Q) Change(%) １． Fund management operation Operating revenue 241 199 169 154 134 35 45 27.4% Operating cost - - - - - - - - Operating gross profit 2
Slide 30: Business field
5. Appendix - Business field Private equity investment Strategic investment Project oriented investment JAIC provides growth capital in venture Strategic investment in partner JAIC has been investing to renewable energy companies and small and medium sized companies that correspond to industries rep
Slide 31: Profit structure – Private equity investment
5. Appendix - Profit structure – Private equity investment • Private equity investment is an investment in promising companies centered on venture companies and small and medium- sized enterprises in the Asian region including Japan. We support investee companies to increase their corporate value an
Slide 32: Profit structure – Project oriented investment
5. Appendix - Profit structure – Project oriented investment • We invest in SPCs (special purpose companies) that own facilities such as power plants, factories, residential facilities and warehouses. We construct these facilities and receive the profits generated by the operation of the facilities
Slide 33: Core competence
5. Appendix - Core competence Historical background in Asian region Since its establishment in 1981 by the Japan Association of Corporate Executives (Keizai Capability to capture up-to-date Doyukai), JAIC has contributed to economic business information exchange between Japan and Asian countries ove
Slide 34: Efforts for SDGs
5. Appendix – Efforts for SDGs Becoming an SDGs investment company as our core value, we will thoroughly carry out investment activities with a strong awareness of SDGs based on our management policy. Environment We contribute to reducing the burden on the environment by Renewable energy investing i
Slide 35: Company data
5. Appendix - Company data (as of June 30, 2023) Company name Japan Asia Investment Co., Ltd. Abbreviation; JAIC 2F Medical Friend Building, 3-2-4 Kudn-kita, Chiyoda-ku, Tokyo 102- Head office 0073, Japan Established July 10, 1981 Paid-in capital 5,426 million yen Listed market Tokyo Stock Exchange,
Slide 36: Disclaimer
Disclaimer The information in this document is for presentational purposes only and is not an inducement to invest in securities issued by JAIC. Any forward-looking statements in this document are based on materials available at the time of its compilation and no guarantee can be made as to the
Slide 37: https://www.jaic-vc.co.jp
https://www.jaic-vc.co.jp Contact to: Kenji Kishimoto, Executive Officer Miyuki Maruyama, Administration Group IR e-mail : ir@jaic-vc.co.jp Financial Results Overview for 1st Quarter of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2023 - 37 -
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