Japan Asia Investment narrowed its net loss in its consolidated results for the April-June quarter. Revenue was ¥822 million, while net income was a loss of ¥180 million, a substantial reduction from the loss recorded in the same period of the previous year.
Japan Asia Investment announced its consolidated results for the April-June 2024 quarter, reporting a narrower net loss. Revenue for the latest 3 months was ¥822 million, operating income was ¥211 million, ordinary income was ¥195 million, and net income was a loss of ¥180 million.
The operating margin improved sharply from -54.6% in the same period of the previous year to -7.3%, highlighting the reduction in the loss. In its full-year outlook by reporting period, the company projected first-half revenue of ¥777 million and a net loss of ¥205 million for the current fiscal year.
Although the improvement from the previous quarter continued over the 3-month period, the company remained in the red. The announcement date can be confirmed in the columns for each period in the materials, and the quarterly results primarily report progress against the outlook.