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 - |
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 Results Overview for the 1st Quarter of FY Mar. 2023 | © Japan Asia Investment Co., Ltd. 2022 | - 2 - |
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 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 | © Japan Asia Investment Co., Ltd. 2022 | - 3 - |
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 - |
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) | (248) | - |
Profit attributable to owners of | (287) | (262) | - |
parent | |||
- Of operating revenue, proceeds of listed sales in Japan increased.
- Capital gains increased from sales of unlisted shares in Greater China.
- Investment write-off decreased.
- Upfront costs from projects increased.
Financial Results Overview for the 1st Quarter of FY Mar. 2023 | © Japan Asia Investment Co., Ltd. 2022 | - 5 - |
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