ABHOTEL CO., LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 9%, Current Fiscal Year Dividend Revised Upward by 3 yen

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Thu Oct 31, 2024 4:00 pm JST Earnings

6565 ABHOTEL CO., LTD. 【J-GAAP】

Earnings Report

ABHOTEL CO., LTD. <6565> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.1% from the same period last year, reaching 1.9 billion yen, resulting in an increase in profits compared to the previous forecast of a 2.1% decrease.

The progress rate against the 3.62 billion yen full-year plan was 52.6%, also surpassing the five-year average of 41.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 5.6% from the same period last year to 1.71 billion yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 17 yen to 20 yen (compared to 16 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 13.3% from the same period last year, reaching 1.01 billion yen. The operating profit margin rose from 36.8% in the same period last year to 38.7%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	4,001	1,188	1,161	695	49.1	39.7	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	4,849	1,771	1,744	1,088	76.8	49.0	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	5,185	1,929	1,903	1,185	83.7	52.6	Oct 31, 2024	J-GAAP
YoY	+6.9%	+8.9%	+9.1%	+8.9%	+8.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	4,947	1,743	1,708	1,078	76.1	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	5,185	1,929	1,903	1,185	83.7	0	Oct 31, 2024	J-GAAP
Revision Rate	+4.8%	+10.7%	+11.4%	+9.9%	+10.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	10,300	3,690	3,620	2,320	163.7	17	May 10, 2024	J-GAAP
Mar, 2025 New	10,300	3,690	3,620	2,320	163.7	20	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	5,098	1,841	1,818	1,224	86.4	16	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,115	1,761	1,717	1,135	80.1	20	Oct 31, 2024	J-GAAP
YoY	+0.3%	-4.3%	-5.6%	-7.3%	-7.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,796	2,976	2,924	1,807	127.5	12	May 10, 2023	J-GAAP
Mar, 2024	9,947	3,612	3,562	2,312	163.1	16	May 10, 2024	J-GAAP
Mar, 2025 Guidance	10,300	3,690	3,620	2,320	163.7	20	Oct 31, 2024	J-GAAP
YoY	+3.5%	+2.2%	+1.6%	+0.3%	+0.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,471	909	897	551	38.9	36.8	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	2,660	1,045	1,034	643	45.4	39.3	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	2,438	796	784	581	41.0	32.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,522	899	887	561	39.6	35.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	2,663	1,030	1,016	624	44.1	38.7	Oct 31, 2024	J-GAAP
YoY	+7.8%	+13.3%	+13.3%	+13.2%	+13.2%