Presentation Material for the 2nd Quarter Ended Sep. 30, 2021

Financial Results Overview

for the 2nd Quarter Ended

September 30, 2021

Japan Asia Investment Co., Ltd. (JAIC)

( TSE 8518 )

Announcement: November 12, 2021

The contents of 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.

The information in this document is for presentational purposes only and is not an inducement to invest in securities issued by JAIC.

The figures in this document are based on consolidated financial statements prepared in accordance with the previous accounting standards.

https://www.jaic-vc.co.jp

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Contents

1	Summary	P3
2	Results for 2Q of FY Mar. 2022 (year-on-year)	P4
3	Result forecasts for FY 2022	P9
4	Business plan progress report	P12
5	Appendix	P20

Note: The figures in this document are based on consolidated financial statements prepared in accordance with the previous accounting standards.

https://www.jaic-vc.co.jp

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1. Summary

• Results for 2Q of FY Mar. 2022 (year-on-year)
• • Operating revenue of ¥ 381 million (down, 29.6 % year on year) and deficit of ¥ 643 million (widened by ¥307 million year on year).
  • The main factors for decrease in operating revenue were a decrease in proceeds of sales of listed shares and a decrease in revenue from selling electricity.
  • The deficit widened due to a decrease in capital gains and a increase in investment write-offs and provision for allowance for possible investment losses.
• Result forecasts for FY 2022
• • Full-yearearnings forecasts remain unchanged. The downside from the plan in the first half is expected to be offset by the upside in capital gains in the second half.
  • The progression ratio of operating revenue in the first half was 54.4% and the deficit in the first half exceeded the plan by about 0.4 billion yen.
• Business plan progress report

We will thoroughly carry out investment activities with a strong awareness of SDGs based on our management policy.

• Invested in a new distribution center project in Sayama City, Saitama in Apr. '21
• KIC Koshigaya Distribution Center has newly been built up in Koshigaya City, Saitama, in Oct. '21
• Expanding the vegetable plant in Tamba Sasayama City, Hyogo, in Sep. '21
• Invested in a fund that invests in group homes for the handicapped, in Aug. '21
• A group home for the handicapped has newly been built up in Utsunomiya City, Tochigi, in Sep. '21
• "Financial Institution YOM" No. 40 was published as a special issue commemorating our 40th anniversary

https://www.jaic-vc.co.jp

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2. Results for 2Q of FY Mar. 2022

Outline of results	P5
Break down of operating revenue & operating cost	P8

https://www.jaic-vc.co.jp

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2. Results for 2Q of FY Mar. 2022 - Outline of results - I/S

(million yen)	FY 2021 (2Q)	FY 2022 (2Q)
	Amount	Amount	Change
Operating revenue	541	381	(29.6%)
Operating cost	313	327	4.4%
Operating gross profit	227	53	(76.4%)
SG&A expenses	544	550	1.2%
Operating income	(316)	(496)	-
Ordinary income	(335)	(538)	-
Profit attributable to owners	(336)	(643)	-
of parent

• Factors for decrease in revenue:
• • Proceeds of sales of listed shares with high profit margins decreased
  • Revenue from selling electricity decreased due to the sale of some mega solar projects in the previous fiscal year
• Factors for decrease in profit:
• • Capital gains decreased due to unlisted shares of an investee those were liquidated by prioritizing collection of funds over capital gain
  • Investment write-offs and provision for allowance for possible investment losses increased due

to a increase in investee companies whose business conditions have deteriorated

https://www.jaic-vc.co.jp

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