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Eternal Hospitality Group Co.,Ltd., 22% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 17 yen, This Fiscal Year to Increase Dividend by 17 yen

Fri Sep 13, 2024 3:00 pm JST Earnings

3193 Eternal Hospitality Group Co.,Ltd. 【J-GAAP】

Earnings Report

Eternal Hospitality Group Co.,Ltd. <3193> [TSE-P] announced its financial results after the market closed on September 13th (15:00). The consolidated ordinary profit for the fiscal year ending July 2024 surged by 2.3 times that of the previous term, reaching 3.26 billion yen. For the fiscal year ending July 2025, the profit is expected to grow by 21.8% to 3.97 billion yen, marking the second consecutive term of record-high profits. This will be the fourth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 12 yen to 29 yen (compared to 10 yen in the prior term), and has decided to significantly increase the dividend this fiscal year to 46 yen, an increase of 17 yen from the previous fiscal year.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary profit decreased to 546 million yen, a 4.9% decrease compared to the same period last year. The operating profit margin worsened from 6.1% in the same period last year to 5.0%.

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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 20,288 -2,433 1,968 1,134 97.9 4 Sep 9, 2022 J-GAAP
Jul, 2023 33,449 1,417 1,429 616 53.2 10 Sep 13, 2023 J-GAAP
Jul, 2024 41,914 3,248 3,261 2,127 183.7 29 Sep 13, 2024 J-GAAP
YoY +25.3% +129.2% +128.2% +245.3% +245.4%

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 41,010 3,012 3,010 1,740 150.2 12 Mar 8, 2024 J-GAAP
Jul, 2024 Results 41,914 3,248 3,261 2,127 183.7 29 Sep 13, 2024 J-GAAP
Revision Rate +2.2% +7.8% +8.3% +22.2% +22.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 20,046 1,661 1,676 1,061 91.6 6 Mar 8, 2024 J-GAAP
Aug - Jan, 2024 Guidance 23,246 1,816 1,806 1,151 99.9 23 Sep 13, 2024 J-GAAP
YoY +16.0% +9.3% +7.8% +8.5% +9.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 33,449 1,417 1,429 616 53.2 10 Sep 13, 2023 J-GAAP
Jul, 2024 41,914 3,248 3,261 2,127 183.7 29 Sep 13, 2024 J-GAAP
Jul, 2025 Guidance 47,822 4,003 3,972 2,578 223.5 46 Sep 13, 2024 J-GAAP
YoY +14.1% +23.2% +21.8% +21.2% +21.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 9,280 567 574 202 17.4 6.1 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 9,626 750 754 477 41.2 7.8 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 10,420 911 922 584 50.4 8.7 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 10,867 1,037 1,039 654 56.5 9.5 Jun 7, 2024 J-GAAP
May - Jul, 2024 11,001 550 546 412 35.6 5.0 Sep 13, 2024 J-GAAP
YoY +18.5% -3.0% -4.9% +104.0% +104.0%

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