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Izu Shaboten Resort Co.,Ltd, The Current Fiscal Year Ordinary Profit Revised Upward by 11%, Highest in Nineteen Terms

Wed Nov 13, 2024 4:00 pm JST Earnings

6819 Izu Shaboten Resort Co.,Ltd 【J-GAAP】

Earnings Report

Izu Shaboten Resort Co.,Ltd <6819> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 24.6% from the same period last year, reaching 659 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 10.6%, from the previous forecast of 1.04 billion yen to 1.15 billion yen (compared to 954 million yen in the previous period), increasing the growth rate from 9.0% to 20.5%, reaches new record high for the first time in nineteen terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 15.5% from the same period last year, reaching 491 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.1% from the same period last year, reaching 509 million yen. The operating profit margin rose from 29.9% in the same period last year to 31.4%.

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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 1,641 369 409 235 16.5 59.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 2,309 490 529 30 1.7 55.5 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 2,749 640 659 417 22.9 57.3 Nov 13, 2024 J-GAAP
YoY +19.1% +30.6% +24.6% +1,290.0% +1,263.7%

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 ー ー ー ー － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 2,749 640 659 417 22.9 0 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 5,000 1,010 1,040 650 35.4 10 May 14, 2024 J-GAAP
Mar, 2025 New 5,500 1,110 1,150 740 40.3 10 Nov 13, 2024 J-GAAP
Revision Rate +10.0% +9.9% +10.6% +13.8% +13.8%

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 2,339 410 425 293 16.1 10 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,751 470 491 323 17.6 10 Nov 13, 2024 J-GAAP
YoY +17.6% +14.6% +15.5% +10.2% +9.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,390 644 693 477 33.5 0 May 12, 2023 J-GAAP
Mar, 2024 4,648 900 954 323 17.8 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 5,500 1,110 1,150 740 40.3 10 Nov 13, 2024 J-GAAP
YoY +18.3% +23.3% +20.5% +129.1% +126.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,386 414 450 286 16.0 29.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,143 169 181 118 6.5 14.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,196 241 244 175 9.6 20.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,164 143 150 77 4.3 12.3 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,585 497 509 340 18.7 31.4 Nov 13, 2024 J-GAAP
YoY +14.4% +20.0% +13.1% +18.9% +16.6%

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