On the 14th, Japan Asia Investment (8518) announced the consolidated financial results for the first quarter of the 2025 fiscal year (April-June 2024). Operating revenue decreased by 6.8% year-on-year to 0.822 billion yen, operating profit increased by 31.8% to 0.211 billion yen, ordinary profit increased by 51.6% to 0.195 billion yen, and net profit for the quarter attributable to the parent company's shareholders was 0.18 billion yen (a loss of 0.1 billion yen in the same period last year).
The total amount of management and operation fees increased by 0.4% compared to the same period last year, reaching 0.03 billion yen. It was the same as the previous period.
Investment loss was 0.003 billion yen (a profit of 0.371 billion yen in the same period last year). The sales proceeds of operating investment securities were 0.071 billion yen (an 88.1% decrease), and the realized capital gain deducted from the sales proceeds was a loss of 0.003 billion yen (a profit of 0.532 billion yen in the same period last year). The total amount of valuation losses on operating investment securities and reserve for investment losses was 0 billion yen (a 99.9% decrease).
The total amount of union controlled profits and income gains was 0.709 billion yen (an increase of 191.1%). This was due to the receipt of a gain from the sale of facilities at the Distribution Center Project in the form of dividends and an increase in power sales revenue from the newly launched Mega Solar Project.
The amount of union controlled losses was 0.212 billion yen (an increase of 18.6%). This was primarily due to an increase in the costs of the newly launched Mega Solar Project.
Regarding performance forecasts, the impact of factors such as stock markets on private equity investments that the company group develops is extremely large due to the business characteristics, and furthermore, reasonable performance forecasts are difficult to make in the current highly volatile environment. Therefore, performance forecasts are not made. However, instead of performance forecasts, we are disclosing 'expected values based on the conventional consolidated standards' formulated based on certain assumptions, although their rationality is low, as reference information. For the conventional consolidated standard performance forecast for the 2025 fiscal year, operating revenue is planned to be 16.00-2.65 billion yen, 65.9-174.7% higher than the previous year, operating profit is planned to be 1.50-0.85 billion yen, ordinary profit is planned to be 3.00-1 billion yen, and net income for the period attributable to parent company shareholders is planned to be 2.50-0.95 billion yen, in line with the initial plan.