Japan Investment Adviser Co., Ltd. announced its earnings after the market close on 30 October. Nine-month cumulative ordinary profit rose 27.6% year on year to ¥16.2 billion, while July-September profit rose 43.4% to ¥4.6 billion. The full-year plan is ¥19.6 billion, representing progress of 82.5%, and fourth-quarter profit is expected to be around ¥3.45 billion.
Japan Investment Adviser Co., Ltd. reported consolidated ordinary profit of ¥16.2 billion for the nine months ended September, up 27.6% year on year. Progress against the full-year plan was 82.5%, almost in line with the five-year average of 81.1%.
Ordinary profit for the latest three-month period, July-September, was ¥4.6 billion, up 43.4% year on year, while the operating profit margin on sales improved from 44.4% to 49.4%.
The full-year plan was left unchanged at ¥19.6 billion, and fourth-quarter ordinary profit is expected to be ¥3.45 billion, down 11.9% year on year. Accordingly, although the overall full-year outlook remains unchanged, attention is required regarding the gap between results through the third quarter and the fourth-quarter forecast.