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Agora Hospitality Group Co., Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Turns to Profit, July-September Ordinary Profit Loss Narrows

Thu Nov 14, 2024 5:30 pm JST Earnings

9704 Agora Hospitality Group Co., Ltd. 【J-GAAP】

Earnings Report

Agora Hospitality Group Co., Ltd. <9704> [TSE-S] announced its financial results after the market closed on November 14th (17:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 162 million yen (compared to a loss of 319 million yen in the same period last year). The progress rate against the 350 million yen full-year plan was 46.3%.

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 for the October to December period (4Q) is expected to expand by 51.6% from the same period last year, reaching 188 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss improved to a deficit of loss of 97 million yen (compared to a loss of 170 million yen in the same period last year). The operating profit/loss margin drastically improved from -5.0% in the same period last year to 0.4%.

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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 3,348 -1,240 -891 -1,077 -4.2 ー Nov 11, 2022 J-GAAP
Jan - Sep, 2023 5,194 -228 -319 -232 -0.9 ー Nov 14, 2023 J-GAAP
Jan - Sep, 2024 5,989 131 162 9 0.0 46.3 Nov 14, 2024 J-GAAP
YoY +15.3% － － － －

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 3,913 45 -46 -93 -0.4 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 4,064 277 91 25 0.1 0 Aug 13, 2024 J-GAAP
YoY +3.9% +515.6% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 4,951 -1,401 -1,106 -1,298 -5.1 0 Feb 13, 2023 J-GAAP
Dec, 2023 7,309 -93 -195 -149 -0.6 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 8,100 400 350 150 0.6 0 Feb 14, 2024 J-GAAP
YoY +10.8% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,798 -90 -170 -176 -0.7 -5.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,115 135 124 83 0.3 6.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,937 65 69 28 0.1 3.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,099 58 190 97 0.4 2.8 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 1,953 8 -97 -116 -0.5 0.4 Nov 14, 2024 J-GAAP
YoY +8.6% － +42.9% +34.1% +25.7%

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