Financial Results Overview
for 3rd Quarter Ended
December 31, 2022
Japan Asia Investment Co., Ltd.
(JAIC) (TSE 8518)
Announcement date : February 14, 2023
Financial Results Overview for 3rd Quarter of FY Mar. 2023 | © Japan Asia Investment Co., Ltd. 2023 | - 1 - |
Contents
1 | Summary | P3 |
2 | Results for the current quarter (year-on-year) | P4 |
3 | Business plan progress report | P9 |
4 | Result forecasts | P17 |
5 | Appendix | P21 |
The figures in this document are based on consolidated financial statements prepared in accordance with the previous accounting standards.
Financial Results Overview for 3rd Quarter of FY Mar. 2023 | © Japan Asia Investment Co., Ltd. 2023 | - 2 - |
1. Summary
- 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.
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No revision on the result forecasts disclosed in November 2022
Financial Results Overview for 3rd Quarter of FY Mar. 2023 | © Japan Asia Investment Co., Ltd. 2023 | - 3 - |
2. Results for the current quarter
Outline of results | P5 |
Break down of operating revenue & operating cost | P8 |
Financial Results Overview for 3rd Quarter of FY Mar. 2023 | © Japan Asia Investment Co., Ltd. 2023 | - 4 - |
2. Results for the current quarter - Outline of results - I/S
(million yen) | FY 2022 | FY 2023 |
(3Q) | (3Q) | |
Operating revenue | 1,752 | 2,688 |
Operating cost | 1,030 | 1,774 |
Operating gross profit | 722 | 914 |
SG&A expenses | 838 | 864 |
Operating income | (116) | 49 |
Ordinary income | (116) | 17 |
Profit attributable to owners of | (207) | (80) |
parent | ||
Change
53.4%
72.2%
26.6%
3.1%
-
-
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- Factors for increased operating revenue
- Private equity investment; Sales of unlisted shares, which were relatively large investment amounts, progressed in Japan and overseas.
- Project-orientedinvestment; Sales of 4 projects, including 1 project sold in the previous fiscal year, contributed.
- Factors for decreased deficit
- Project costs and provisions increased operating cost.
- Strong capital gains compensated for the increased operating cost and reduced the deficit.
Financial Results Overview for 3rd Quarter of FY Mar. 2023 | © Japan Asia Investment Co., Ltd. 2023 | - 5 - |
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