Imperial Hotel, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 43%, Exceeds Full-Year Plan

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Tue Jan 28, 2025 2:00 pm JST Earnings

9708 Imperial Hotel, Ltd. 【J-GAAP】

Earnings Report

Imperial Hotel, Ltd. <9708> [TSE Std] announced its financial results in the afternoon session on January 28th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 43.5% from the same period last year to 1.86 billion yen. The progress rate toward the full-year plan of 1.85 billion yen is 100.9%, but it was lower than the five-year average of 108.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 0.01 billion yen (compared to a loss of 0 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 1.58 billion yen, a 32.4% decrease compared to the same period last year. The operating profit margin decreased from 14.5% in the same period last year to 10.3%.

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
Apr - Dec, 2022	31,689	539	1,623	1,808	15.3	98.2	Jan 26, 2023	J-GAAP
Apr - Dec, 2023	39,766	3,024	3,302	3,267	27.5	100.2	Jan 30, 2024	J-GAAP
Apr - Dec, 2024	39,363	1,576	1,866	2,402	20.3	100.9	Jan 28, 2025	J-GAAP
YoY	-1.0%	-47.9%	-43.5%	-26.5%	-26.5%

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	29,097	2,072	2,345	2,450	20.7	4	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	28,261	1,428	1,573	1,540	13.0	4	Oct 30, 2024	J-GAAP
YoY	-2.9%	-31.1%	-32.9%	-37.1%	-37.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	43,772	348	1,652	1,951	16.5	4	May 11, 2023	J-GAAP
Mar, 2024	53,335	2,839	3,296	3,377	28.5	6	May 10, 2024	J-GAAP
Mar, 2025 Guidance	53,000	1,500	1,850	1,800	15.2	6	Jul 26, 2024	J-GAAP
YoY	-0.6%	-47.2%	-43.9%	-46.7%	-46.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	15,528	2,257	2,351	2,340	19.7	14.5	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	13,569	-185	-6	110	0.9	-1.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	13,326	629	693	684	5.8	4.7	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	11,413	-557	-416	-424	-3.6	-4.9	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	14,624	1,504	1,589	2,142	18.1	10.3	Jan 28, 2025	J-GAAP
YoY	-5.8%	-33.4%	-32.4%	-8.5%	-8.5%