KYOTO HOTEL, The Current Fiscal Year Ordinary Profit Revised Upward by 88%

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Wed Feb 12, 2025 4:00 pm JST Earnings

9723 THE KYOTO HOTEL, LTD. 【J-GAAP】

Earnings Report

THE KYOTO HOTEL, LTD. <9723> [TSE Std] announced its financial results after the market closed on February 12th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 784 million yen, a 1.6% increase compared to the same period last year.

In addition, the full-year ordinary profit has been revised upward 87.5%, from the previous forecast of 320 million yen to 600 million yen (compared to 807 million yen in the previous period), and the declining rate is expected to decrease from 60.3% to 25.7%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) has been revised upward 4.3 times, from the previous forecast of 84 million yen to 364 million yen (compared to 527 million yen in the same period of the previous year), and the declining rate is expected to decrease from 84.1% to 30.9%.

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 11.4% from the same period last year, reaching 548 million yen. The operating profit margin rose from 19.5% in the same period last year to 20.7%.

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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
Apr - Dec, 2022	5,369	-111	31	19	1.6	39.2	Feb 14, 2023	J-GAAP
Apr - Dec, 2023	6,933	878	772	760	60.5	95.7	Feb 14, 2024	J-GAAP
Apr - Dec, 2024	7,090	895	784	849	67.9	130.7	Feb 12, 2025	J-GAAP
YoY	+2.3%	+1.9%	+1.6%	+11.7%	+12.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	4,676	138	84	78	6.5	3	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	5,026	568	364	428	35.5	3	Feb 12, 2025	J-GAAP
Revision Rate	+7.5%	+311.6%	+333.3%	+448.7%	+449.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	8,950	450	320	300	24.9	3	May 14, 2024	J-GAAP
Mar, 2025 New	9,300	880	600	650	53.9	3	Feb 12, 2025	J-GAAP
Revision Rate	+3.9%	+95.6%	+87.5%	+116.7%	+116.7%

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	4,904	602	527	663	52.6	5	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,026	568	364	428	35.5	3	Feb 12, 2025	J-GAAP
YoY	+2.5%	-5.6%	-30.9%	-35.4%	-32.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,350	-29	79	62	5.2	0	May 10, 2023	J-GAAP
Mar, 2024	9,138	953	807	934	74.2	5	May 14, 2024	J-GAAP
Mar, 2025 Guidance	9,300	880	600	650	53.9	3	Feb 12, 2025	J-GAAP
YoY	+1.8%	-7.7%	-25.7%	-30.4%	-27.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,699	527	492	489	38.9	19.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,205	75	35	174	13.8	3.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,369	351	314	273	21.8	14.8	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	1,905	-39	-78	-51	-3.9	-2.0	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	2,816	583	548	627	50.2	20.7	Feb 12, 2025	J-GAAP
YoY	+4.3%	+10.6%	+11.4%	+28.2%	+28.9%