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

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%.

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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 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%

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