Japan Asia Investment : Presentation Material for the 1st Quarter Ended Jun. 30, 2021

Financial Results Overview

for the 1st Quarter Ended

June 30, 2021

Japan Asia Investment Co., Ltd. (JAIC)

( TSE 8518 )

Announcement: August 13, 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

- 1 -

Contents

1	Summary	P3
2	Results for 1Q of FY Mar. 2022 (year-on-year)	P4
3	Result forecasts for FY 2022	P9
4	Business Report	P12
5	Appendix	P21

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

- 2 -

1. Summary

• Results for 1Q of FY Mar. 2022 (year-on-year)
• • Operating revenue of ¥ 168 million (down, 40.1 % year on year) and deficit of ¥ 287 million (increased ¥46 million year on year).
  • The main factors for decrease in operating revenue were a decrease in revenue from selling electricity and a decrease in profits from funds operated by third parties.
  • The deficit widened due to a decrease in capital gains and a decrease in profits from operating projects.
• Result forecasts for FY 2022
• • Full-yearearnings forecasts unchanged. The results for the 1Q are in line with expectations.
  • A loss is expected for the first six-month period and the first nine-month period as the gain on sale will be concentrated in the 4th quarter.
• Business Report

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

• A solar power plant has started operation in Tsu City, Mie
• Expanding the vegetable plant in Tamba Sasayama City, Hyogo
• Invested in a new distribution center project in Sayama City, Saitama
• A group home for the handicapped has newly been built up in Utsunomiya City, Tochigi
• Business development of investee companies:
  Renewable Japan, Smart Solar, WonderPlanet, HiTTO, iHeart Japan and TMS
• "Financial Institution YOM" No. 40 was published as a special issue commemorating our 40th anniversary

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

- 3 -

2. Results for 1Q of FY Mar. 2022

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

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

- 4 -

2. Results for 1Q of FY Mar. 2022 - Outline of results - I/S

(million yen)	FY 2021 (1Q)	FY 2022 (1Q)
	Amount	Amount	Change
Operating revenue	282	168	(40.1%)
Operating cost	270	165	(38.9%)
Operating gross profit	11	3	(70.1%)
SG&A expenses	257	273	6.3%
Operating income	(246)	(270)	-
Ordinary income	(246)	(286)	-
Profit attributable to owners	(241)	(287)	-
of parent

• Factors for decrease in revenue:
• • Revenue from selling electricity decreased due to the sale of some mega solar projects that are selling electricity in the previous fiscal year
  • Profits from funds operated by third parties decreased
• 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
  • Profits from projects operated by the JAIC Group decreased due to the sale of some mega solar

projects in the previous fiscal year

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

- 5 -