Results for the current fiscal year (year-on-year)
Operating revenue was ¥ 3,017 million (up, 25.2 %) and net loss attributable to owners of parent was ¥ (269) million (compared to profit attributable to owners of parent of 49 million yen for the the previous fiscal year).
Sales of unlisted shares progressed in Japan and overseas. Capital gains from 5 project-oriented investments, including 1 project which had been sold in the previous fiscal year, contributed.
Capital loss, provisions and losses from projects increased operational cost and led the deficit.
Progress of the Medium-Term Management Plan (Numerical Plan)
As for the result for FY 2023, operating revenue achieved the plan, but profit fell short of the plan by ¥ 819 million.
As for the result forecast FY 2024, operating revenue is expected ¥ 2,300 million and net profit attributable to owners of parent is expected ¥ 120 million. We expect recovery in profitability by capital gains from unlisted shares, distribution warehouse projects and projects of group home for disabled people. Compared to the plan, however, net profit attributable to owners of parent fell short of the plan by ¥ 730 million.
The main reason for the failure to achieve the plan is the sluggish capital gains of shares. Provisions and losses from projects are also factors of the decline in profits.
Though the number and value of sales of project-oriented investments will exceed the plan, they can not compensate for all other downsides.
Progress of the Medium-Term Management Plan (Action Plan)
The business policies of the plan are securing profits and funds by selling existing financial investment assets, investing the funds into project-oriented investment and strategic investment and increasing capital gains from strategic investees.
In FY 2023, according to the plan we invested in project-oriented investments and strategic investees and acquired capital gains from strategic investees.
In FY 2024, we plan to increase capital gains by enhancing hands-on support mainly to strategic investees, to improve
profitability for under-monetized projects and to increase operating revenue from M&A advisory business.
Financial Results Overview for Year Ended FY Mar. 2023
JAIC - Japan Asia Investment Co. Ltd. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 09:27:04 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.
JAPAN ASIA INVESTMENT CO., LTD. 
