Japan Investment Adviser Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018
October 31, 2018 at 06:00 am EDT
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Japan Investment Adviser Co., Ltd. reported consolidated earnings results for the nine months ended September 30, 2018. For the quarter, the company reported net sales of JPY 10,198 million against JPY 4,784 million a year ago. Operating income was JPY 6,020 million against JPY 2,463 million a year ago. Profit attributable to owners of parent was JPY 2,989 million or JPY 102.18 per diluted share against JPY 1,121 million or JPY 43.16 per diluted share a year ago. Net income per share was JPY 106.00 against JPY 44.93 a year ago.
The company provided consolidated earnings guidance for the year ending December 31, 2018. For the year ending December 31, 2018, the company expects net sales of JPY 12,000 million, operating profit of JPY 6,800 million and profit attributable to owners of parent of JPY 4,100 million or JPY 145.38 per share.
Japan Investment Adviser Co Ltd is a Japan-based company mainly engaged in the operating lease business and other financial solutions business. The Operating Leasing segment is mainly engaged in the operating lease business for aircrafts and containers. The Environmental Energy segment is mainly engaged in the solar power generation business. The Parts Out and Conversion segment is mainly engaged in the purchase and dismantling of retired aircrafts, the inventory management of parts and the sale to users around the world, as well as the purchase and resale of used passenger aircrafts through remodeling them into transport aircrafts. The Other segment is engaged in the merger and acquisition (M&A) advisory business, the insurance agency business and the private equity investment business. The Media segment is engaged in the newspaper and publishing business, the advertising business and the investor relations (IR) support business for listed companies.
Japan Investment Adviser Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018