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HOTEL NEWGRAND CO.,LTD., June-August (3Q) Ordinary Profit Loss Widens

Wed Oct 9, 2024 3:00 pm JST Earnings

9720 HOTEL NEWGRAND CO.,LTD. 【J-GAAP】

Earnings Report

HOTEL NEWGRAND CO.,LTD. <9720> [TSE-S] announced its financial results after the market closed on October 9th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) increased by 23.2% from the same period last year, reaching 138 million yen. However, The progress rate against the 308 million yen full-year plan was 44.8%, almost the same as the same period of the previous year of 43.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to November period (4Q) is expected to grow by 17.2% from the same period last year, reaching 170 million yen.

In the most recent three-month period, from June to August (3Q), the ordinary loss expanded to a loss of 89 million yen (compared to a loss of 1 million yen in the same period last year). The operating profit/loss margin drastically worsened from 0.3% in the same period last year to -6.3%.

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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
Dec - Aug, 2021 3,009 -300 -236 -242 -204.9 Oct 12, 2022 J-GAAP
Dec - Aug, 2022 3,849 130 112 110 93.2 43.6 Oct 11, 2023 J-GAAP
Dec - Aug, 2023 4,240 144 138 200 169.6 44.8 Oct 9, 2024 J-GAAP
YoY +10.2% +10.8% +23.2% +81.8% +82.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2023 2,768 157 144 281 238.2 25 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 Guidance 2,910 93 81 61 51.7 25 Jul 8, 2024 J-GAAP
YoY +5.1% -40.8% -43.8% -78.3% -78.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 4,281 -385 -323 -349 -295.7 0 Jan 13, 2023 J-GAAP
Nov, 2023 5,372 283 257 393 333.1 25 Jan 12, 2024 J-GAAP
Nov, 2024 Guidance 5,830 320 308 449 380.3 25 Jul 8, 2024 J-GAAP
YoY +8.5% +13.1% +19.8% +14.2% +14.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,245 4 -1 -2 -1.7 0.3 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 1,523 153 145 283 239.8 10.0 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,409 124 124 136 115.9 8.8 Apr 11, 2024 J-GAAP
Mar - May, 2024 1,511 103 103 252 213.6 6.8 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 1,320 -83 -89 -188 -159.4 -6.3 Oct 9, 2024 J-GAAP
YoY +6.0% -8,800.0% -9,300.0% -9,332.0%

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