Japan Asia Group Limited announced consolidated earnings results for the six months ended September 30, 2019. For the period, the company reported net sales of JPY 44,398 million compared to JPY 47,079 million a year ago. Operating loss was JPY 165 million compared to JPY 1,253 million a year ago. Profit was JPY 2,388 million compared to loss of JPY 2,172 million a year ago. Profit per share was JPY 74.92 compared to loss per share of JPY 101.25 a year ago.

The company provided consolidated earnings guidance for the year ending March 31, 2020. For the year, the company expected net sales of JPY 109,000 million, operating profit of JPY 2,600 million, profit attributable to owners of parent of JPY 280 million and earnings per share of JPY 10.42.

For the year ending March 31, 2020, the company expects to pay a year end dividend of JPY 10.00 per share against JPY 10.00 per share paid a year ago.