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THE ROYAL HOTEL,LIMITED, First Half Ordinary Profit Loss Widens

Mon Nov 11, 2024 4:30 pm JST Earnings

9713 THE ROYAL HOTEL,LIMITED 【J-GAAP】

Earnings Report

THE ROYAL HOTEL,LIMITED <9713> [TSE-S] announced its financial results after the market closed on November 11th (16:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 308 million yen (compared to a loss of 7 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 200 million yen.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 2.4% from the same period last year, reaching 608 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 281 million yen (compared to a loss of 43 million yen in the same period last year). The operating profit/loss margin drastically worsened from -0.8% in the same period last year to -5.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 11,149 -2,492 -1,783 -1,807 -176.4 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 9,435 -35 -7 -80 -5.3 ー Nov 13, 2023 J-GAAP
Apr - Sep, 2024 10,073 -339 -308 -473 -31.0 ー Nov 11, 2024 J-GAAP
YoY +6.8% -868.6% -4,300.0% -491.2% -488.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 10,600 0 -200 -300 -19.6 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 10,073 -339 -308 -473 -31.0 0 Nov 11, 2024 J-GAAP
Revision Rate -5.0% － -54.0% -57.7% -57.8%

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 11,233 592 594 981 60.2 5 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 13,027 1,039 608 573 37.5 5 Nov 11, 2024 J-GAAP
YoY +16.0% +75.5% +2.4% -41.6% -37.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 26,397 -2,986 -2,129 13,315 1,252.8 0 May 12, 2023 J-GAAP
Mar, 2024 20,668 557 587 901 55.3 5 May 13, 2024 J-GAAP
Mar, 2025 Guidance 23,100 700 300 100 6.6 5 May 13, 2024 J-GAAP
YoY +11.8% +25.7% -48.9% -88.9% -88.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,752 -39 -43 -60 -4.0 -0.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 6,031 670 681 742 48.6 11.1 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 5,202 -78 -87 239 14.7 -1.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 5,195 -52 -27 -165 -10.8 -1.0 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 4,878 -287 -281 -308 -20.2 -5.9 Nov 11, 2024 J-GAAP
YoY +2.7% -635.9% -553.5% -413.3% -411.1%

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