Resorttrust, Inc. Has Made the Following Revisions to Its Consolidated and Non-Consolidated Forecast
Resorttrust, Inc. Has Made the Following Revisions to Its Consolidated and Non-Consolidated Forecasts for the Year Ending March 31, 2014
NAGOYA, Japan--(BUSINESS WIRE)-- Resorttrust, Inc. (TOKYO:4681)(ISIN:JP3974450003) has made the following revisions to its consolidated and non-consolidated forecasts for the year ending March 31, 2014 (from April 1, 2013 to March 31, 2014), which were announced with its earnings results on May 13, 2013. The revisions have been made in light of recent business performance and the outlook for business performance.
Revision of forecasts
Revision of consolidated forecast (April 1, 2013 to September 30, 2013) | ||||||||||
(¥million) | ||||||||||
Net Sales | Operating | Ordinary | Net Income | Net Income | ||||||
Previous Forecast (A) | 54,900 | 7,000 | 8,100 | 3,800 | 78.63 | |||||
Current Forecast (B) | 57,500 | 8,400 | 9,500 | 4,800 | 99.05 | |||||
Difference (B-A) | 2,600 | 1,400 | 1,400 | 1,000 | － | |||||
Change (%) | 4.7 | 20.0 | 17.3 | 26.3 | － | |||||
Reference: Results for Interim | 52,660 | 6,995 | 7,230 | 4,332 | 92.32 | |||||
Revision of consolidated forecast (April 1, 2013 to March 31, 2014) | ||||||||||
(¥million) | ||||||||||
Net Sales | Operating | Ordinary | Net Income | Net Income | ||||||
Previous Forecast (A) | 108,500 | 13,000 | 14,100 | 7,600 | 157.25 | |||||
Current Forecast (B) | 112,100 | 14,000 | 15,100 | 8,400 | 173.34 | |||||
Difference (B-A) | 3,600 | 1,000 | 1,000 | 800 | － | |||||
Change (%) | 3.3 | 7.7 | 7.1 | 10.5 | － | |||||
Reference: previous fiscal year | 105,311 | 12,054 | 12,976 | 7,127 | 150.76 | |||||
Revision of non-consolidated forecast (April 1, 2013 to September 30, 2013) | ||||||||
(¥million) | ||||||||
Net Sales | Ordinary | Net | Net Income | |||||
Previous Forecast (A) | 44,320 | 5,510 | 3,680 | 77.84 | ||||
Current Forecast (B) | 46,500 | 6,400 | 3,300 | 68.10 | ||||
Difference (B-A) | 2,180 | 890 | (380) | － | ||||
Change (%) | 4.9 | 16.2 | (10.3) | － | ||||
Reference: Results for Interim | 43,096 | 4,928 | 3,027 | 64.53 | ||||
Revision of non-consolidated forecast (April 1, 2013 to March 31, 2014) | ||||||||
(¥million) | ||||||||
Net Sales | Ordinary | Net | Net Income | |||||
Previous Forecast (A) | 87,800 | 9,300 | 5,800 | 122.68 | ||||
Current Forecast (B) | 90,500 | 10,100 | 5,400 | 111.43 | ||||
Difference (B-A) | 2,700 | 800 | (400) | － | ||||
Change (%) | 3.1 | 8.6 | (6.9) | － | ||||
Reference: previous fiscal year | 86,238 | 8,672 | 5,282 | 111.74 | ||||
Reasons for Revisions
Both net sales and income are expected to exceed the initial forecasts due to robust sales of memberships including Grand HIMEDIC Club medical memberships as well as high hotel occupancy rates and we therefore revise the forecasts we previously announced.
With regard to the non-consolidated forecasts, we expect that net income for both the first half and full year ending March 31, 2014 will be lower than the initial forecasts due to the posting of write-down of financial assets. However, the consolidated forecasts will not be affected as the write-down has already been reflected.
Note: | The above forecasts were made based on information available as of the date of this release, as well as certain assumptions judged to be reasonable. Actual results may differ from the above forecasts due to changes in economic conditions or a variety of other uncertain factors. | |
About Resorttrust, Inc.
Resorttrust just celebrated its 40th anniversary. Established in 1973, Resorttrust has maintained the number one spot in the members-only resort club industry for 21 consecutive years. There are numerous reasons we were able to establish a robustly profitable business. We constructed our own, unrivaled business model, placing special emphasis on achieving unparalleled levels of refinement and quality. Whether it's developing hotels, operating them or otherwise attempting to improve service, we listen to all of our guests' opinions. This is the key to consistently raising guest satisfaction and growing our business.
Looking forward, we will accelerate growth by creating new synergies that extend between and beyond our existing businesses, including the medical and senior lifestyle businesses, bringing to them our second-to-none hospitality.
Resorttrust, Inc.
+81-(0)52-933-6519
Management planning & Investor Relations Office
keiki-ir@resorttrust.co.jp
KEYWORDS: United Kingdom Europe Asia Pacific Japan
INDUSTRY KEYWORDS:
The article Resorttrust, Inc. Has Made the Following Revisions to Its Consolidated and Non-Consolidated Forecasts for the Year Ending March 31, 2014 originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
