trending Market Intelligence /marketintelligence/en/news-insights/trending/gwn5SsNKnvzAxoBQsqOzSg2 content esgSubNav
In This List

Royal Hotel fiscal Q4 profit climbs YOY

The Cobalt Expansion Drive Is A Copper Story

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | Episode 11: Trade Outlook - Response To Geopolitical Events

Podcast

Maritime and Trade Talk | E10: Navigating Maritime Risks from an Insurers’ Perspective?


Royal Hotel fiscal Q4 profit climbs YOY

The Royal Hotel, Ltd said its normalized net income for the fiscal fourth quarter ended March 31 was ¥5.32 per share, a gain from ¥5.25 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥230.6 million, a gain from ¥53.8 million in the year-earlier period.

The normalized profit margin increased to 2.0% from 0.5% in the year-earlier period.

Total revenue decreased year over year to ¥11.38 billion from ¥11.57 billion, and total operating expenses decreased from the prior-year period to ¥10.95 billion from ¥11.40 billion.

Reported net income came to ¥4.10 billion, or ¥94.75 per share, compared to a loss of ¥24.8 million, or a loss of ¥2.44 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥32.24 per share, a fall from ¥32.60 per share in the prior year.

Normalized net income was ¥596.9 million, an increase of 25.7% from ¥475.0 million in the prior year.

Full-year total revenue declined from the prior-year period to ¥44.69 billion from ¥45.38 billion, and total operating expenses fell year over year to ¥43.42 billion from ¥44.22 billion.

The company said reported net income increased on an annual basis to ¥2.70 billion, or ¥145.60 per share, in the full year, from ¥562.4 million, or ¥38.60 per share.

As of June 26, US$1 was equivalent to ¥123.96.