JAFCO Co., Ltd. Reports Unaudited Consolidated Earnings Results Nine Months Ended December 31, 2016
January 20, 2017 at 03:15 pm
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JAFCO Co., Ltd. reported unaudited consolidated earnings results nine months ended December 31, 2016. For the period, the company’s net sales were ¥20,983 million against ¥34,304 million a year ago. Operating income was ¥9,566 million against ¥18,613 million a year ago. Ordinary income was ¥11,033 million against ¥19,446 million a year ago. Profit before tax was ¥11,547 million against ¥19,446 million a year ago. Profit attributable to company stockholders was ¥9,243 million against ¥15,581 million a year ago. Net income per share was ¥208.33 against ¥351.19 a year ago. Net cash provided by operating activities was ¥11,392 million, compared with ¥9,818 million in the previous full year. Purchase of property, plant and equipment was ¥29 million against ¥21 million a year ago. Purchase of intangible assets was ¥26 million against ¥1 million a year ago.
JAFCO Group Co Ltd, formerly JAFCO Co Ltd, is a Japan-based company engaged in venture investment and buyout investment business through fund management. The Company operates Fund Management business segment. The Funds are recruited from institutional investors and operating companies about once every three years. The Company also invests its own funds in all funds and commits itself to improving fund performance. The main sources of revenue are capital gains through fund investments, fund management fees, and performance fees. The Company operates business in Japan, the United States, Asia and other countries.