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Imperial Hotel, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 2% Increase

Fri Jan 30, 2026 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 30th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 2.90 billion yen, an increase 55.7% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 23.5%, from the previous forecast of 1.70 billion yen to 2.10 billion yen (compared to 2.06 billion yen in the previous period), turning to a 1.8% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward 35.0%, from the previous forecast of 1.14 billion yen to 1.54 billion yen (compared to 1.78 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 35.9% to 13.5%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 47.9% from the same period last year, reaching 2.35 billion yen. The operating profit margin jumped from 10.3% in the same period last year to 13.6%.

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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, 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 90.5 Jan 28, 2025 J-GAAP
Apr - Dec, 2025 41,973 2,564 2,906 2,866 24.2 138.4 Jan 30, 2026 J-GAAP
YoY +6.6% +62.7% +55.7% +19.3% +19.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 30,674 881 1,144 1,120 9.5 4 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 30,674 1,281 1,544 1,520 12.8 4 Jan 30, 2026 J-GAAP
Revision Rate 0.0% +45.4% +35.0% +35.7% +35.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 56,100 1,200 1,700 1,650 13.9 6 May 13, 2025 J-GAAP
Mar, 2026 New 56,100 1,600 2,100 2,050 17.3 6 Jan 30, 2026 J-GAAP
Revision Rate 0.0% +33.3% +23.5% +24.2% +24.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 27,871 1,518 1,785 2,325 19.6 4 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 30,674 1,281 1,544 1,520 12.8 4 Jan 30, 2026 J-GAAP
YoY +10.1% -15.6% -13.5% -34.6% -34.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 53,335 2,839 3,296 3,377 28.5 6 May 10, 2024 J-GAAP
Mar, 2025 52,610 1,590 2,062 2,585 21.8 6 May 13, 2025 J-GAAP
Mar, 2026 Guidance 56,100 1,600 2,100 2,050 17.3 6 Jan 30, 2026 J-GAAP
YoY +6.6% +0.6% +1.8% -20.7% -20.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 14,624 1,504 1,589 2,142 18.1 10.3 Jan 28, 2025 J-GAAP
Jan - Mar, 2025 13,247 14 196 183 1.5 0.1 May 13, 2025 J-GAAP
Apr - Jun, 2025 13,584 762 844 828 7.0 5.6 Jul 28, 2025 J-GAAP
Jul - Sep, 2025 11,842 -443 -288 -298 -2.5 -3.7 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 16,547 2,245 2,350 2,336 19.7 13.6 Jan 30, 2026 J-GAAP
YoY +13.1% +49.3% +47.9% +9.1% +9.2%

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