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 continued accuracy and reliability of the material. The contents may be changed without prior notice. Risks and uncertainties including changes to economic circumstances may cause results and projections to differ materially from those presented in the document.
JAIC owns all copyrights and other rights to all information contained in this material, and it is prohibited to copy or divert it without the permission of JAIC.
The figures in this document are based on consolidated financial statements prepared in accordance with the previous accounting standards.
This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. JAIC assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.
Financial Results Overview for the 3rd Q of FY Mar. 2022
Operating revenue of ¥ 1,752 million (down, 11.4 % year on year) and deficit of ¥ 207 million (decreased by ¥154 million year on year).
Operating revenue decreased due to a decrease in proceeds of sales of unlisted shares and a decrease in revenue from selling electricity.
The deficit decreased due to an increase in capital gains from listed shares and a decrease in investment write-offs and provision for allowance for possible investment loss.
Result forecasts for FY 2022
Full-yearearnings forecasts remain unchanged.
Capital gains are expected in the 4th Q from sale of 1 mega solar project, sale of listed shares in Japan and sale of unlisted shares through M&A.
Business report
3 investee companies newly listed.
Renewable Japan Co., Ltd. achieved IPO in Dec. 2021. We have proactively supported Renewable Japan as one of our partner companies in project investment business.
Group home for the handicapped has increased to a total of 10 projects.
We have promoted these projects in collaboration with local financial institutions.
The increase in the number of projects is contributing to the growth of Social Inclu CO., LTD., our partner company in group home for the handicapped business.
Financial Results Overview for the 3rd Q of FY Mar. 2022
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
JAIC - Japan Asia Investment Co. Ltd. published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 06:21:04 UTC.
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.