This document has been translated from Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail. JAIC
assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from
the translation.
April 10, 2014
Company name:
Listed on:
Representative:
Contact:
Tel:
Japan Asia Investment Co., Ltd. (JAIC)
Tokyo Stock Exchange Section 1 (Stock code: 8518)
Osamu Hosokubo, President and CEO
Tetsuro Shimomura, Executive Managing Director
+81-3-3259-8518
Notice Concerning Share Transfer of DBJ-JAIC Investment Consulting (Beijing) Co., Ltd.
Japan Asia Investment Co., Ltd. (JAIC) hereby announces that a resolution on the share transfer of DBJ-JAIC
Investment Consulting (Beijing) Co., Ltd. as JAIC’s subsidiary (hereinafter “DJIC”) to the Development Bank of
Japan Inc. (hereinafter “DBJ ”) has been made at a board meeting held on April 10, 2014, the details of which are
as follows.
1. Background of Share Transfer
DJIC is a joint venture company which was jointly established by JAIC and DBJ. DJIC is engaged in consulting
services in which information, etc. on investment opportunities in China is provided mainly to DBJ. Recently,
JAIC had a consultation concerning DJIC’s future growth strategy with DBJ. Then, both parties agreed that the
best way is to make DJIC as a fully owned subsidiary of DBJ so that DJIC may expand its business operations to
include investment- and financing-related consulting business, etc. As a result, JAIC decided to transfer all shares
in DJIC to DBJ.
2. Overview of DJIC
(1)
Company Name
DBJ-JAIC Investment Consulting (Beijing) Co., Ltd.
(2)
Room1003, Tower2, China Central Place, 81 Jianguo Road, Chaoyang District,
Location
Beijing, P.R.C.
(3)
Name and Title of
Representative
(4)
Kazuhiro Nagashima, President & CEO
Description of
Consulting services to provide information, etc. on investment opportunities in
Business
China
(5)
Amount of Capital
¥ 60 million
(6)
Date of Establishment
September 30, 2011
(7)
Major Shareholders
Japan Asia Investment Co., Ltd. (51.0%)
and Shareholding
Development Bank of Japan Inc. (49.0％)
Ratio
1
(8)
(9)
Relationship between
Capital
DJIC is a JAIC’s consolidated subsidiary for which JAIC has
JAIC and DJIC
Relationship
51.0% of its voting rights.
Personnel
Directors of JAIC concurrently hold the position of directors and
Relationship
an auditor of DJIC.
Business
JAIC outsources consulting services to provide information, etc.
Relationship
on investment opportunities in China to DJIC
Non-consolidated business results and financial standing of DJIC for the past three years
Accounting Period
Fiscal year ended
Fiscal year ended
Fiscal year ended
December 31,2011
December 31,2012
December 31,2013
Net Assets
4,948
5,066
5,224
8,820
5,736
5,931
―
―
―
1,741
7,085
7,409
104
425
446
104
425
445
76
117
158
Net Income per Share
―
―
―
Dividend per Share
―
―
―
(in 1,000 RMB)
Total Assets
(in 1,000 RMB)
Net Asset per Share
Sales
(in 1,000 RMB)
Operating Income
(in 1,000 RMB)
Ordinary Income
(in 1,000 RMB)
Net Income
(in 1,000 RMB)
3. Overview of DBJ
(1)
Company Name
Development Bank of Japan Inc.
(2)
Location
9-6, Otemachi 1-chome, Chiyoda-ku, Tokyo
(3)
Name and Title of
Representative
(4)
Description of
Toru Hashimoto, President
Financial and insurance business
Business
(5)
Amount of Capital
¥1,206,953 million
(6)
Date of Establishment
October 1, 2008
(7)
Consolidated Net
Assets
(8)
Consolidated Total
Assets
(9)
Major Shareholders
¥2,538,576 million（as of March 31, 2013）
¥16,248,712 million（as of March 31, 2013）
Minister of Finance (100.0％)
and Shareholding
Ratio
2
(10)
Relationship between
Capital
JAIC and DBJ
Relationship
DBJ holds 2,777,000 share in JAIC (shareholding ratio: 2.31%).
Personnel
There is no personnel relationship which should be noted
Relationship
between JAIC and DBJ
Business
There is no business relationship which should be noted
Relationship
between JAIC and DBJ
Related Party
DBJ is not a related party of JAIC. There are also no persons or
Status
affiliates of DBJ that are related parties of JAIC.
4. Schedule
（1） Board Resolution
April 10, 2014
（2） Conclusion of Share Transfer Agreement
April 10, 2014
（3） Share Transfer
June 2014（schedule）
5. Forecast
JAIC expects to report estimated loss of 15 million yen from the share transfer as extraordinary loss in the
consolidated financial statements for the fiscal year ending March 2014.
3