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

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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%.

Kabutan News

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%