Japan Asia Investment Company, Limited · TSE:8518
Japan Asia Investment — Q1 FY Mar. 2023 Earnings Presentation
39 slides from Japan Asia Investment's earnings presentation, Aug 12, 2022
Slide 1: Financial Results Overview for the 1st Quarter Ended June 30, 2022
Financial Results Overview for the 1st Quarter Ended June 30, 2022 Japan Asia Investment Co., Ltd. (JAIC) (TSE 8518) Announcement date : August 12, 2022 Financial Results Overview for the 1st Quarter of FY Mar. 2023 © Japan Asia Investment Co., Ltd. 2022 -1-
Slide 2: Contents
Contents 1 Summary P3 2 Results for the current quarter (year-on-year) P4 3 Business plan progress report P9 4 Result forecasts P18 5 Appendix P22 The figures in this document are based on consolidated financial statements prepared in accordance with the previous accounting standards. Financial Resu
Slide 3: 1. Summary
1. Summary Results for the current quarter (year-on-year) • 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 d
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 the 1st Quarter of FY Mar. 2023 © Japan Asia Investment Co., Ltd. 2022 -4-
Slide 5: Outline of results - I/S
2. Results for the current quarter - Outline of results - I/S (million yen) FY 2022 (1Q) FY 2023 (1Q) Amount Amount Change Operating revenue 168 219 30.2% Operating cost 165 185 12.0% Operating gross profit 3 34 929.7% SG&A expenses 273 262 (4.0%) Operating income (270) (227) - Ordinary income (286)
Slide 6: Outline of results - B/S
2. Results for the current quarter - Outline of results - B/S FY 2022 FY 2023 (1Q) Amount Amounq fluctuation factors Change (million yen) (million yen) (billion yen) Total assets 14,972 14,294 (4.5%) repayments of loan (0.3), execution of investments & Cash and deposits 2,740 2,217 (19.1%) loans (0.
Slide 7: Outline of results - C/F
2. Results for the current quarter - Outline of results - C/F (JPY million) FY 2022 1Q FY 2023 1Q Operating cash flow (533) (265) Investing cash flow (0) (0) Financing cash flow (507) (309) Change in net cash flow (1,024) (561) Cash & cash equivalents at end of period 2,276 1,836 Operating cash fl
Slide 8: Break down of operating revenue & operating cost
2. Results for FY Mar. 2022 - Break down of operating revenue & operating cost Total Private equity investment Project oriented investment （JPY million） FY 2022 (1Q) FY 2023 (1Q) FY 2022 (1Q) FY 2023 (1Q) FY 2022 (1Q) FY 2023 (1Q) Operating revenue 168 219 150 207 18 12 Fund management fees etc. 41
Slide 9: 3. Business plan progress report
3. Business plan progress report Action plan P10 Renewable energy P11 Distribution centre (logistics warehouse) P13 Healthcare (facility for the elderly) P14 Healthcare (group home for the handicapped) P15 New investment area (shared atelier) P17 Financial Results Overview for the 1st Quarter of FY
Slide 10: Business plan progress report – Action plan
3. Business plan progress report – Action plan Action plan for 3 years Progress in the second year (since Apr. 2022) Increase investments in rooftop solar power Decided to invest in “non FIT type” solar power generation project in Vietnam and biogas systems installed on the rooftops of distribut
Slide 11: Business plan progress report – Renewable energy
3. Business plan progress report – Renewable energy Decided to invest in “non FIT type” solar power systems installed on the rooftops of distribution centers Strategic investee; Strategic investee; KIC Holdings Inc. Smart Solar Corporation These distribution centers were developed by KIC Holdings
Slide 12: Mega solar power plant in Iwaki City, Fukushima
3. Business plan progress report – Renewable energy Mega solar power plant in Iwaki City, Fukushima started electricity sales in Jul. 2022 Location Iwaki City, Fukushima Maximum around ２．４ MW output Around 2,9５0 MWh Expected （Equivalent to annual annual power consumption of power approx. 620 average
Slide 13: Logistic warehouse
3. Business plan progress report – Logistic warehouse KIC Sayamahidaka Distribution Center was built up in Apr. 2022 Strategic investee; KIC Holdings Inc. Location Hidaka City, Saitama approximately 0.5 km from the Ken-O Expressway "Sayamahidaka IC", Access approximately 4.8km from Seibu Shinjuku Li
Slide 14: Facility for the elderlies
3. Business plan progress report – Facility for the elderlies Facility in Minamiaoyama, Minato-ku was built up in May 2022 Name Plaisant Luxe Minami Aoyama about 15 minutes from Tokyo Metro Hibiya Line Hiroo Station, 17 minutes from Tokyo Metro Access Chiyoda Line Omotesando Station, about 15 minute
Slide 15: Group home for the handicapped
3. Business plan progress report – Group home for the handicapped Social Inclu Home Kagawa Town Takamatsu was built up in May 2022 Strategic investee; social inclu CO., LTD. Kagawa town, Location Takamatsu city, Kagawa Completion May 2022 20 for residents, 2 for No. of rooms short-stay Type of group
Slide 16: Group home for the handicapped
3. Business plan progress report – Group home for the handicapped Collaboration with regional financial institutions accelerated business development By strengthening cooperation with regional financial institutions, the speed of project development has accelerated and the target area has expanded
Slide 17: New business – Shared atelier
3. Business plan progress report – New business Decided to invest in a shared atelier in Fujisawa City, Kanagawa in Jul. 2022 Partner company; ENJOYWORKS A photo of "Sakurayama Shared Atelier" where ENJOYWORKS renovated an abandoned factory in Sakurayama, Zushi City, Kanagawa. Decided to invest in
Slide 18: 4. Result forecasts
4. Result forecasts Business policy for FY Mar. 2023 P19 Breakdown of result forecast P20 Cautionary statements P21 Financial Results Overview for the 1st Quarter of FY Mar. 2023 © Japan Asia Investment Co., Ltd. 2022 - 18 -
Slide 19: Result forecasts for FY Mar. 2023 - Business policy
4. Result forecasts for FY Mar. 2023 - 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 collaboration in project i
Slide 20: Breakdown of result forecast
4. Result forecasts for FY Mar. 2023 - Breakdown of result forecast Actual Result forcast Revised result forcast Result forcast (million yen) FY 2023 FY2023 1st Half FY2023 1st Half FY. 2023 full-year (1Q) (disclosed in May 2022) (Revised in Aug. 2022) (disclosed in May 2022) Progression Amount Amou
Slide 21: Cautionary statements
4. Result forecasts for FY Mar. 2023 - 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 difficult to forecast results rea
Slide 22: 5. Appendix
5. Appendix Renewable energy projects P23 List of project oriented investments P24 Strategic investment P27 Asia network P28 Funds & investment activities P29 Business results & financial position P30 Break down of operating revenue & operating cost P31 Business field P32 Core competence P33 Profit
Slide 23: Renewable energy projects (as of June 2022)
5. Appendix - Renewable energy projects (as of June 2022) Mega solar projects Started electricity sales 9 projects (11 power plants) 22.2 MW Hokkaido, Solar, Under construction or under planning 5 projects 10.8 MW 1 project 2.3MW Total 14 projects (16 power plants) 33.0 MW attributable to JAIC 14.2
Slide 24: List of project oriented investments (as of June 2022)
5. Appendix - List of project oriented investments (as of June 2022) 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 25: List of project oriented investments (as of June 2022)
5. Appendix - List of project oriented investments (as of June 2022) Type of project No. Location Generation Capacity Current status FIT [MW] [tax excluded, ¥] Woody biomass Matsusaka City, Mie 2.0 Started electricity sales in Jan. 2018 － Bio gas 1 Hamura City, Tokyo 1.1 Started electricity sales in
Slide 26: List of project oriented investments (as of June 2022)
5. Appendix - List of project oriented investments (as of June 2022) Type of No. Location Project scale Current status project Facility for 8-story complex facility with a capacity of Under construction or Under 1 Shinonome, Koto-ku, Tokyo the elderly 100 people planning 1 Hamamatsu City, Shizuoka S
Slide 27: Strategic investment
5. Appendix – Strategic investment Renewable Japan Co., Ltd. Smart Solar Corporation social inclu CO., LTD. Partner company in mega solar projects Partner company in mega solar Partner company in projects for projects group homes for the handicapped Year of first investment: 2015 IPO date : 22 Dec.
Slide 28: Asia network
5. Appendix - Asia network Financial Results Overview for the 1st Quarter of FY Mar. 2023 © Japan Asia Investment Co., Ltd. 2022 - 28 -
Slide 29: Funds & investment activities
5. Appendix - Funds & investment activities (JPY million) 18/3 19/3 20/3 21/3 22/3 22/3(1Q) 23/3(1Q) New & increased funds 1,000 2,000 1,359 151 1,001 1,001 - AUM of funds - total *1 19,150 16,494 17,390 16,450 16,463 17,020 16,952 AUM of funds - JAIC *1 5,867 5,344 5,163 5,434 4,953 5,470 5,113 New
Slide 30: Business results, financial position
5. Appendix - Business results, financial position (Previous accounting standards) (JPY million) 18/3 19/3 20/3 21/3 22/3 22/3(1Q) 23/3(1Q) Business results Operating revenues 5,403 2,475 2,760 3,089 2,409 168 219 Operating gross profit 2,328 1,286 1,359 1,301 1,276 3 34 SG&A expenses 1,311 1,109 1,
Slide 31: Statement of Income - break down
5. Appendix - Statement of Income - break down (Previous accounting standard) (JPY:million) 18/3 19/3 20/3 21/3 22/3 22/3(1Q) 23/3(1Q) Change(%) １． Fund management operation Fund management fees and others 277 241 199 169 154 41 35 (13.1%) Success Fees 86 - - - - - - - Operating revenue 364 241 199
Slide 32: Business field
5. Appendix - Business field Private equity investment Strategic investment Project oriented investment JAIC provides growth capital in venture Strategic investment in JAIC has been investing to renewable energy companies and small and medium sized partner companies that industries represented by so
Slide 33: Core competence
5. Appendix - Core competence Historical background in Asian region Since its establishment in 1981 by the Japan Association of Corporate Capability to capture up-to-date Executives (Keizai Doyukai), JAIC has business information contributed to economic exchange between Japan and Asian countries ove
Slide 34: 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 35: 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 and
Slide 36: 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. Financial Results Overview for the 1st Quarter of FY Mar. 2023 © Japan Asia Investment Co., Ltd. 20
Slide 37: Company data (as of June 30, 2022)
5. Appendix - Company data (as of June 30, 2022) Company name Japan Asia Investment Co., Ltd. Abbreviation; JAIC Head office 2F Medical Friend Building, 3-2-4 Kudn-kita, Chiyoda-ku, Tokyo 102- 0073, Japan Established July 10, 1981 Paid-in capital 5,426 million yen Listed market Tokyo Stock Exchange,
Slide 38: 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 39: https://jaic-vc.co.jp
https://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 the 1st Quarter of FY Mar. 2023 © Japan Asia Investment Co., Ltd. 2022 - 39 -
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