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

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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	2.1	7	Sep 9, 2022	J-GAAP
Jul, 2023	6,898	1,036	1,077	952	62.8	7	Sep 8, 2023	J-GAAP
Jul, 2024	8,245	1,552	1,554	1,093	72.0	10	Sep 6, 2024	J-GAAP
YoY	+19.5%	+49.8%	+44.3%	+14.8%	+14.6%

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	72.4	10	Jun 7, 2024	J-GAAP
Jul, 2024 Results	8,245	1,552	1,554	1,093	72.0	10	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	32.2	0	Mar 8, 2024	J-GAAP
Aug - Jan, 2024 Guidance	4,800	850	835	570	37.4	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	62.8	7	Sep 8, 2023	J-GAAP
Jul, 2024	8,245	1,552	1,554	1,093	72.0	10	Sep 6, 2024	J-GAAP
Jul, 2025 Guidance	9,600	1,700	1,685	1,150	75.5	10	Sep 6, 2024	J-GAAP
YoY	+16.4%	+9.5%	+8.4%	+5.2%	+4.9%

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	-14.4	-52.5	Sep 8, 2023	J-GAAP
Aug - Oct, 2023	1,108	-52	-51	-77	-5.1	-4.7	Dec 8, 2023	J-GAAP
Nov - Jan, 2023	2,809	755	752	564	37.2	26.9	Mar 8, 2024	J-GAAP
Feb - Apr, 2024	3,397	1,284	1,281	895	59.0	37.8	Jun 7, 2024	J-GAAP
May - Jul, 2024	931	-435	-428	-289	-19.0	-46.7	Sep 6, 2024	J-GAAP
YoY	+18.1%	-5.1%	-4.1%	-32.6%	-32.3%