Resorttrust Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019
November 07, 2018
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ResortTrust Inc. reported consolidated earnings results for the six months ended September 30, 2018. For the period, the company reported net sales of JPY 77,334 million against JPY 70,110 million a year ago. Operating income was JPY 6,074 million against JPY 5,452 million a year ago. Net income was JPY 3,998 million against JPY 3,787 million a year ago. Net assets per share were JPY 37.40against JPY 35.50 a year ago. Net income per fully diluted share was JPY 34.40 against JPY 32.61 a year ago. Net cash used in operating activities was JPY 5,132 million against JPY 7,132 million a year ago. Profit before income taxes was JPY 6,487 million against JPY 6,162 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 10,221 million against JPY 16,631 million a year ago. Ordinary profit was JPY 6,507 million against JPY 6,400 million a year ago.
For the year ending March 31, 2019, the company expects net sales of JPY 183,600 million, operating income of JPY 19,000 million, ordinary income of JPY 19,500 million and net income of JPY 12,400 million.
Resorttrust Inc is a Japan-based company mainly involved in the construction and operation of membership hotels and golf courses, the sale of memberships, as well as medical businesses. The Company operates through three segments. The Membership segment is engaged in the development of membership hotels and the sale of various memberships. The Hotel Restaurant segment is mainly involved in the operation of restaurants and resort hotels under the names XIV, BAYCOURT CLUB, SUN MEMBERS and HOTEL TRUSTY, as well as the provision of hotel cleaning services, and on-life insurance agency services. The Medical segment is engaged in the sale and management of medical memberships, as well as the provision of medical consulting services. In addition, the Company is also engaged in real estate rental business and villa management business.
Resorttrust Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019