Japan Asia Investment Company, Limited · TSE:8518
Japan Asia Investment — FY2024 Earnings Presentation
39 slides from Japan Asia Investment's earnings presentation, May 15, 2024
Slide 1: Financial Results Overview for Year Ended March 31, 2024
Financial Results Overview for Year Ended March 31, 2024 Japan Asia Investment Co., Ltd. (JAIC) (TSE 8518) Announcement date : May. 15, 2024 Financial Results Overview for Year end of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2024 -1-
Slide 2: Contents
Contents 1 Summary P3 2 Results for the current fiscal year (year-on-year) P4 3 Review of the Medium-Term Management Plan P8 4 Result forecast P12 5 Appendix P15 The figures in this document are based on consolidated financial statements prepared in accordance with the previous accounting standards.
Slide 3: 1. Summary
1. Summary Results for the current fiscal year (year-on-year) • Operating revenue decreased to ¥ ９６４ million (down, 68.0 %). • Net loss attributable to owners of parent was ¥ (1,５７４) million (widened, ¥1,３０５ million). • Operating revenue decreased due to sluggish sales of private equity investment
Slide 4: 2. Results for the current fiscal year
2. Results for the current fiscal year Outline of results P5 Financial Results Overview for Year end of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2024 -4-
Slide 5: Outline of results - I/S
2. Results for the current fiscal year - Outline of results - I/S (million yen) FY 2023 FY 2024 Change Operating revenue 3,017 964 (68.0%) Operating cost 2,056 1,392 (32.3%) Operating gross profit 961 (427) - SG&A expenses 1,147 1,094 (4.6%) Operating income (185) (1,522) - Ordinary income (224) (1,
Slide 6: Outline of results - B/S
2. Results for the current fiscal year - Outline of results - B/S fluctuation factors (million yen) FY 2023 FY 2024 Change (billion yen) Total assets 13,413 10,438 (22.2%) repayments of loan (0.8), execution of investments & loans Cash and deposits 2,464 1,750 (28.9%) (1.8), expenses etc.(0.7), coll
Slide 7: Outline of results - C/F
2. Results for the current fiscal year - Outline of results - C/F (JPY million) FY 2023 FY 2024 Operating cash flow 157 456 Investing cash flow 0 (2) Financing cash flow (806) (828) Change in net cash flow (635) (365) Cash & cash equivalents at end of period 1,762 1,396 Operating cash flow increas
Slide 8: 3. Review of the Medium-Term Management Plan
3. Review of the Medium-Term Management Plan Review for 3 fiscal years from FY 2022 to FY 2024 P9 Financial Results Overview for Year end of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2024 -8-
Slide 9: Review of the Medium-Term Management Plan - Business Policy
3. Review of the Medium-Term Management Plan - Business Policy Business policy Initiatives/Results/Current status • Liquidated financial investment assets as early as possible and reduced the investment balance, however, asset replacement was not completed due to delays in IPOs and trade sales. • Th
Slide 10: Review of the Medium-Term Management Plan - Action Plan
3. Review of the Medium-Term Management Plan - Action Plan Action Plan Initiatives/Results/Current status Private equity • AJ Capital, one of affiliated companies, has originated 2 investment funds. • Originate 3 new investment funds • The second fund for business succession support has expanded its
Slide 11: Review of the Medium-Term Management Plan - Numerical Plan
3. Review of the Medium-Term Management Plan - Numerical Plan Profit attributable to owners of parent Breakdown of cumulative gross operating profit over three Unit: ¥M years Unit: ¥M 850 Three-year cumulative plan 550 340 Three-year cumulative actual 49 (269) (1,574) Plan Actual Plan Actual Plan Ac
Slide 12: 4. Result forecast
4. Result forecast Details of result forecast P13 Cautionary statements P14 Financial Results Overview for Year end of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2024 - 12 -
Slide 13: Result forecast - Details of result forecast
4. Result forecast - Details of result forecast Actual Result forcast (million yen) Change FY 2024 FY2025 Operating revenue 964 1,600～2,650 65.9%～174.7% Operating income (1,522) 150～ 850 - Ordinary income (1,569) 300～1,000 - Profit attributable to owners of parent (1,574) 250～ 950 - The difference
Slide 14: Result forecast - Cautionary statements
4. Result forecast - 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 reasonably in the rap
Slide 15: 5. Appendix
5. Appendix Break down of operating revenue & operating cost P16 Cases of business progress P17 Renewable energy projects P20 Health care projects (group home for disabled people) P21 List of project-oriented investments P22 Strategic investment P27 Asia network P28 Funds & investment activities P29
Slide 16: Break down of operating revenue & operating cost
5. Appendix - 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 Operating revenue 3,017 964 2,076 624 941 340 Fund management fees etc. 134 149 126 142 7 7 Proceeds of sales of se
Slide 17: Cases of business progress - Succession Investment Limited Partnership II
5. Appendix - Cases of business progress Succession Investment Limited Partnership, Ⅱ completed the final closing with a total amount of ¥5,101 million Name Succession Investment Limited Partnership, Ⅱ Date of establishment 16, August 2022 General Partner AJ Capital Co., Ltd. [JV as a 50% stake in J
Slide 18: Cases of business progress - Completed group homes for people with disabilities
5. Appendix - Cases of business progress Completed 5 group homes for people with disabilities Social Increw Home Asakura Minagi Social Inclusion Home Kumamoto Hanazono Social Increw Home Saga Morotomi (Asakura City, Fukuoka Prefecture) (Hanazono, Nishi-ku, Kumamoto City, Kumamoto (Morotomi Town, Sag
Slide 19: Cases of business progress - mega solar projects
5. Appendix - Cases of business progress 3 mega solar projects with 6.2 MW in total have procured 2,027 million yen in project finance from Ashikaga Bank and have started electricity sales in Tochigi Prefecture Kanuma City Kamiishikawa Solar Power Plant Otawara City Kamehisa Solar Power Plant Karasu
Slide 20: Renewable energy projects (as of March 2024)
5. Appendix - Renewable energy projects (as of March 2024) Mega solar projects Started electricity sales 11 projects (13 power plants) 26.3 MW Hokkaido, Mega Solar, Under construction or under planning 1 projects 2.1 MW 1 project 2.3MW Total 12 projects (14 power plants) 28.4 MW attributable to JAIC
Slide 21: Health care projects, group home for disabled people
5. Appendix – Health care projects, group home for disabled people (as of Mach 2024) Number of group homes invested 23 Chugoku Chubu 1 1 Tohoku Kyushu 1 6 Kanto 11 Shikoku 3 Financial Results Overview for Year end of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2024 - 21 -
Slide 22: List of project-oriented investments (as of March 2024)
5. Appendix - List of project-oriented investments (as of March 2024) Type of No. Name of power plant or Location Generation Current status FIT project Capacity [MW] [excl. tax, ¥] Solar 1 Nishiki-cho, Kuma-gun, Kumamoto(*) 3.1 Started electricity sales in Dec. 2015 40 2 Nomaike solar power plant(*)
Slide 23: List of project-oriented investments (as of March 2024)
5. Appendix - List of project-oriented investments (as of March 2024) Type of No. Location Generation Current status FIT project Capacity [MW] [excl. tax, ¥] solar power 1 Koshigaya City, Saitama 0.2 Started electricity sales in Dec. 2022 － systems with storage batteries 2 Hidaka City, Saitama 0.3 S
Slide 24: List of project-oriented investments (as of March 2024)
5. Appendix - List of project-oriented investments (as of March 2024) Type of No. Location Project scale Current status project 1 Hamamatsu City, Shizuoka Started operation in Aug. 2020 2 Hiroshima City, Hiroshima Started operation in Aug. 2020 3 Utsunomiya City, Tochigi Started operation in Sep. 20
Slide 25: List of project-oriented investments (as of March 2024)
5. Appendix - List of project-oriented investments (as of March 2024) Type of No. Location Project scale Current status project 21 Saga City, Saga Preparing for operation Group home 20-21 rooms for residents, 2-3 rooms for for disabled 22 Asakura City, Fukuoka Preparing for operation short stay peop
Slide 26: List of project-oriented investments (as of March 2024)
5. Appendix - List of project-oriented investments (as of March 2024) Type of No. Location Project scale Current status project Existing part: started operation in Vegetable Tamba Sasayama City, Mar. 2019 Annual production: 470 tons in total plant Hyogo Expansion part: full-scale operation started i
Slide 27: 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 28: Asia network
5. Appendix - Asia network Financial Results Overview for Year end of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2024 - 28 -
Slide 29: Funds & investment activities
5. Appendix - Funds & investment activities (JPY million) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 New & increased funds 2,000 1,359 151 1,001 3,701 1,400 AUM of funds - total *1 16,494 17,390 16,450 16,463 15,850 15,497 AUM of funds - JAIC *1 5,344 5,163 5,434 4,953 3,389 2,428 Execution of
Slide 30: Business results, financial position (Previous accounting standards)
5. Appendix - Business results, financial position (Previous accounting standards) (JPY million) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Business results Operating revenues 2,475 2,760 3,089 2,409 3,017 964 Operating gross profit 1,286 1,359 1,301 1,276 961 (427) SG&A expenses 1,109 1,094 1,
Slide 31: Statement of Income - break down (Previous accounting standard)
5. Appendix - Statement of Income - break down (Previous accounting standard) (JPY:million) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Change(%) １． Fund management operation Operating revenue 241 199 169 154 134 149 11.6% Operating cost - - - - - - - Operating gross profit 241 199 169 154 134 1
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 partner JAIC has been investing to renewable energy companies and small and medium sized companies that correspond to industries rep
Slide 33: 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 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: 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 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. Environment We contribute to reducing the burden on the environment by Renewable energy investing i
Slide 37: Company data (as of March 31, 2024)
5. Appendix - Company data (as of March 31, 2024) 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 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://www.jaic-vc.co.jp
https://www.jaic-vc.co.jp Contact to: Kenji Kishimoto, Senior Executive Officer Miyuki Maruyama, Administration Group IR e-mail : ir@jaic-vc.co.jp Financial Results Overview for Year end of FY Mar. 2024 © Japan Asia Investment Co., Ltd. 2024 - 39 -