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GREENLAND RESORT COMPANY LIMITED, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 19%, Exceeds Full-Year Plan

Mon Nov 11, 2024 3:30 pm JST Earnings

9656 GREENLAND RESORT COMPANY LIMITED 【J-GAAP】

Earnings Report

GREENLAND RESORT COMPANY LIMITED <9656> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 19.4% from the same period last year to 669 million yen. However, The progress rate against the full-year plan of 620 million yen is 107.9%, already exceeding the target and also exceeding the five-year average of 86.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 49 million yen (compared to a profit of 61 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 395 million yen, a 7.9% decrease compared to the same period last year. The operating profit margin decreased from 23.0% in the same period last year to 21.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 4,168 606 662 479 46.4 80.7 Nov 9, 2022 J-GAAP
Jan - Sep, 2023 4,858 826 830 590 57.1 93.2 Nov 9, 2023 J-GAAP
Jan - Sep, 2024 4,817 659 669 468 45.3 107.9 Nov 11, 2024 J-GAAP
YoY -0.8% -20.2% -19.4% -20.7% -20.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 3,436 496 490 156 15.1 9 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 3,757 372 346 237 22.9 8 Aug 9, 2024 J-GAAP
YoY +9.3% -25.0% -29.4% +51.9% +51.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 5,732 763 820 428 41.4 12 Feb 13, 2023 J-GAAP
Dec, 2023 6,406 888 891 463 44.9 14 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 6,700 630 620 430 41.6 13 Feb 14, 2024 J-GAAP
YoY +4.6% -29.1% -30.4% -7.1% -7.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,888 434 429 283 27.4 23.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,548 62 61 -127 -12.3 4.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,310 90 100 65 6.4 6.9 May 9, 2024 J-GAAP
Apr - Jun, 2024 1,633 168 174 128 12.4 10.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,874 401 395 275 26.6 21.4 Nov 11, 2024 J-GAAP
YoY -0.7% -7.6% -7.9% -2.8% -2.9%

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