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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
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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.
JAPAN ASIA INVESTMENT CO., LTD. 