Japan Asia Investment Co., Ltd. Announces Consolidated Earnings Results for Third Quarter and Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
February 13, 2018 at 11:30 am IST
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Japan Asia Investment Co., Ltd. announced consolidated earnings results for third quarter and nine months ended December 31, 2017. For the quarter, the company reported operating revenue of JPY 3,154 million compared to JPY 2,831 million a year ago. Operating income was JPY 458 million compared to JPY 341 million a year ago. Ordinary income was JPY 334 million compared to JPY 194 million a year ago. Profit attributable to owners of parent was JPY 240 million or JPY 13.59 per diluted share compared to JPY 73 million or JPY 4.22 per diluted share a year ago. Profit before income taxes was JPY 253 million compared to JPY 82 million a year ago.
For the nine months, the company reported operating revenue of JPY 5,916 million compared to JPY 3,736 million a year ago. Operating income was JPY 320 million compared to JPY 474 million a year ago. Ordinary income was JPY 98 million compared to JPY 256 million a year ago. Profit attributable to owners of parent was JPY 306 million or JPY 17.28 per diluted share compared to JPY 36 million or JPY 2.10 per diluted share a year ago. Net cash used in operating activities was JPY 180 million compared to JPY 627 million a year ago. Profit before income taxes was JPY 234 million compared to JPY 106 million a year ago.
The company provided earnings guidance for the year ending March 31, 2018. The company forecast operating revenue of JPY 4,700 million, operating income of JPY 750 million, ordinary income of JPY 550 million, profit attributable to owners of parent of JPY 470 million or JPY 26.57 per share.
Japan Asia Investment Company, Limited is a Japan-based company mainly engaged in the investment business in Japan and other areas of Asia. The Company is engaged in the investment through its funds such as investment partnerships and others, which are established by institutional investors and other investors and by the Group's own investment. The Company operates through three investment businesses. The management and operation business is involved in the conduction, management and operation of funds, as well as the provision of services of undertakes accounting and in-kind management. The investment business is involved in the investment in private equity and projects such as renewable energy, healthcare and smart agriculture. The other business in involved in the provision of peripheral services such as provides various types of information and services for supporting investee companies and investing in projects.
Japan Asia Investment Co., Ltd. Announces Consolidated Earnings Results for Third Quarter and Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018