Japan Asia Investment Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018
November 13, 2017 at 01:00 am EST
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Japan Asia Investment Co. Ltd. reported consolidated earnings results for the six months ended September 30, 2017. For the six months, the company reported net sales of JPY 5,062 million compared to JPY 1,905 million a year ago. Operating income was JPY 582 million compared to JPY 172 million a year ago. Ordinary income was JPY 446 million compared to loss of JPY 20 million a year ago. Net profit attributable to owners of parent was JPY 560 million compared to loss of JPY 94 million a year ago. Net income per diluted share was JPY 31.62 compared to loss per basic share of JPY 5.50 a year ago. Profit before income taxes expense was JPY 582 million compared to loss of JPY 184 million a year ago. Net cash used in operating activities was JPY 519 million compared to net cash provided by operating activities of JPY 222 million a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2018. For the year, the company expects operating revenues of JPY 4,700 million, operating income of JPY 750 million, ordinary income of JPY 550 million and profit attributable to owners of parent of JPY 470 million or JPY 26.57 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 Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018
JAPAN ASIA INVESTMENT CO., LTD. 
