RESORTTRUST,INC., The Current Fiscal Year Ordinary Profit Revised Upward by 12%, Adds to Record High Profit Forecast, Dividend Revised Upward by 4 yen

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Thu Nov 14, 2024 3:00 pm JST Earnings

4681 RESORTTRUST,INC. 【J-GAAP】

Earnings Report

RESORTTRUST,INC. <4681> [TSE-P] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 11.5 billion yen, an increase of 44.5% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 7.1% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 12.4%, from the previous forecast of 22.5 billion yen to 25.3 billion yen (compared to 21.8 billion yen in the previous period), increasing the growth rate from 3.2% to 16.0%, further surpassing the previous forecast of record-high profits for two consecutive 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 nearly flat at 13.7 billion yen, down 0.4% from the same period last year.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 54 yen to 58 yen (compared to 54 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 64.0% from the same period last year, reaching 7.45 billion yen. The operating profit margin significantly improved from 9.7% in the same period last year to 13.0%.

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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	84,016	7,161	7,442	12,144	114.3	56.2	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	89,428	7,776	7,969	6,084	57.2	36.5	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	107,725	11,433	11,512	7,522	71.2	45.5	Nov 14, 2024	J-GAAP
YoY	+20.5%	+47.0%	+44.5%	+23.6%	+24.5%

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	99,400	7,500	7,400	4,600	43.5	27	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	107,725	11,433	11,512	7,522	71.2	27	Nov 14, 2024	J-GAAP
Revision Rate	+8.4%	+52.4%	+55.6%	+63.5%	+63.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	233,200	22,000	22,500	15,900	150.2	54	May 15, 2024	J-GAAP
Mar, 2025 New	245,000	25,000	25,300	17,000	160.6	58	Nov 14, 2024	J-GAAP
Revision Rate	+5.1%	+13.6%	+12.4%	+6.9%	+6.9%

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	112,375	13,343	13,838	9,808	92.6	29	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	137,275	13,567	13,788	9,478	89.5	31	Nov 14, 2024	J-GAAP
YoY	+22.2%	+1.7%	-0.4%	-3.4%	-3.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	169,830	12,270	13,247	16,906	159.0	45	May 15, 2023	J-GAAP
Mar, 2024	201,803	21,119	21,807	15,892	150.0	54	May 15, 2024	J-GAAP
Mar, 2025 Guidance	245,000	25,000	25,300	17,000	160.6	58	Nov 14, 2024	J-GAAP
YoY	+21.4%	+18.4%	+16.0%	+7.0%	+7.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	46,434	4,526	4,542	3,042	28.6	9.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	46,412	5,082	5,250	3,483	32.8	10.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	65,963	8,261	8,588	6,325	59.7	12.5	May 15, 2024	J-GAAP
Apr - Jun, 2024	50,949	4,057	4,062	2,421	22.9	8.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	56,776	7,376	7,450	5,101	48.3	13.0	Nov 14, 2024	J-GAAP
YoY	+22.3%	+63.0%	+64.0%	+67.7%	+68.9%