HOTEL NEWGRAND, Last Fiscal Year Ordinary Profit Revised Downward to an Unexpected 5% Decrease

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Fri Jan 10, 2025 3:30 pm JST Revision

9720 HOTEL NEWGRAND CO.,LTD. 【J-GAAP】

Guidance Update Report

HOTEL NEWGRAND CO.,LTD. <9720> [TSE Std] announced a performance revision after the market closed on January 10th (15:30). The ordinary profit (non-consolidated) for the fiscal year ending November 2024 has decreased 20.8%, from the previous forecast of 308 million yen to 244 million yen (compared to 257 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 5.1% decrease in profit.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the June to November period (2H) ordinary profit has decreased 79.0%, from the previous forecast of 81 million yen to 17 million yen (compared to 144 million yen in the same period of the previous year), leading to an increase in the profit decline rate from 43.8% to 88.2%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Prev	2,910	93	81	61	51.7	25	Jul 8, 2024	J-GAAP
Jun - Nov, 2024 New	2,936	27	17	-85	-72.1	25	Jan 10, 2025	J-GAAP
Revision Rate	+0.9%	-71.0%	-79.0%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Prev	5,830	320	308	449	380.3	25	Jul 8, 2024	J-GAAP
Nov, 2024 New	5,856	254	244	303	257.0	25	Jan 10, 2025	J-GAAP
Revision Rate	+0.4%	-20.6%	-20.8%	-32.5%	-32.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	2,768	157	144	281	238.2	25	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	2,936	27	17	-85	-72.1	25	Jan 10, 2025	J-GAAP
YoY	+6.1%	-82.8%	-88.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	4,281	-385	-323	-349	-295.7	0	Jan 13, 2023	J-GAAP
Nov, 2023	5,372	283	257	393	333.1	25	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	5,856	254	244	303	257.0	25	Jan 10, 2025	J-GAAP
YoY	+9.0%	-10.2%	-5.1%	-22.9%	-22.9%