Japan Asia Investment Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2018; provides consolidated earnings guidance for the full year ending March 31, 2019
November 12, 2018 at 01:00 am EST
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Japan Asia Investment Co., Ltd. reported consolidated earnings results for the second quarter and six months ended September 30, 2018. For the quarter, the company reported net sales of JPY 716 million against JPY 2,547 million a year ago. Operating loss was JPY 465 million against income of JPY 714 million a year ago. Ordinary loss was JPY 460 million compared to income of JPY 640 million a year ago. Loss before income tax was JPY 524 million compared to income of JPY 559 million a year ago. Loss was JPY 534 million or JPY 30.18 per share compared to income of JPY 493 million or JPY 27.9 per share a year ago.
For the six months, the company reported net sales of JPY 1,189 million against JPY 5,062 million a year ago. Operating loss was JPY 390 million against income of JPY 582 million a year ago. Ordinary loss was JPY 481 million compared to income of JPY 446 million a year ago. Loss before income tax was JPY 511 million compared to income of JPY 582 million a year ago. Loss was JPY 520 million or JPY 30.22 per share compared to income of JPY 516 million or JPY 31.68 per share a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2019. For the year, the company expects net sales of JPY 3,450 million, operating profit of JPY 700 million, ordinary profit of JPY 550 million and profit attributable to owners of parent of JPY 470 million or JPY 26.55 per basic 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. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2018; provides consolidated earnings guidance for the full year ending March 31, 2019