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Nippon Ski Resort Development Co. Ltd., 8% Increase in Ordinary Profit, Update Record High for Third Consecutive Term

Fri Sep 6, 2024 3:00 pm JST Earnings

6040 Nippon Ski Resort Development Co. Ltd. 【J-GAAP】

Earnings Report

Nippon Ski Resort Development Co. Ltd. <6040> [TSE-G] announced its financial results after the market closed on September 6th (15:00). The consolidated ordinary profit for the fiscal year ending July 2024 expanded to 44.3% from the previous period to 1.55 billion yen. For the fiscal year ending July 2025, the profit is expected to grow by 8.4% to 1.68 billion yen, marking the third consecutive term of record-high profits. This will be the fourth consecutive term of revenue and the third consecutive term of profit growth.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary loss expanded to a loss of 428 million yen (compared to a loss of 411 million yen in the same period last year). However, the operating profit/loss margin drastically improved from -52.5% in the same period last year to -46.7%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2022 5,569 254 345 32 0.7 2.33 Sep 9, 2022 J-GAAP
Jul, 2023 6,898 1,036 1,077 952 20.9 2.33 Sep 8, 2023 J-GAAP
Jul, 2024 8,245 1,552 1,554 1,093 24.0 3.33 Sep 6, 2024 J-GAAP
YoY +19.5% +49.8% +44.3% +14.8% +14.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 Guidance 7,800 1,500 1,500 1,100 24.1 3.33 Jun 7, 2024 J-GAAP
Jul, 2024 Results 8,245 1,552 1,554 1,093 24.0 3.33 Sep 6, 2024 J-GAAP
Revision Rate +5.7% +3.5% +3.6% -0.6% -0.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 3,917 703 701 487 10.7 0 Mar 8, 2024 J-GAAP
Aug - Jan, 2024 Guidance 4,800 850 835 570 12.5 0 Sep 6, 2024 J-GAAP
YoY +22.5% +20.9% +19.1% +17.0% +16.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 6,898 1,036 1,077 952 20.9 2.33 Sep 8, 2023 J-GAAP
Jul, 2024 8,245 1,552 1,554 1,093 24.0 3.33 Sep 6, 2024 J-GAAP
Jul, 2025 Guidance 9,600 1,700 1,685 1,150 25.1 3.33 Sep 6, 2024 J-GAAP
YoY +16.4% +9.5% +8.4% +5.2% +4.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 788 -414 -411 -218 -4.8 -52.5 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 1,108 -52 -51 -77 -1.7 -4.7 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 2,809 755 752 564 12.4 26.9 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 3,397 1,284 1,281 895 19.7 37.8 Jun 7, 2024 J-GAAP
May - Jul, 2024 931 -435 -428 -289 -6.4 -46.7 Sep 6, 2024 J-GAAP
YoY +18.1% -5.1% -4.1% -32.6% -32.3%

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