Resorttrust Revises Earnings Guidance for the Fiscal Year Ending March 31, 2021
November 10, 2020 at 09:00 pm EST
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Resorttrust revised earnings guidance for the fiscal year ending March 31, 2021. The revised target for net sales is JPY 165 billion, compared to the initial target of JPY 158 billion. The target for operating income is JPY 11 billion, compared to the initial target of JPY 6.3 billion. The target for ordinary income ranges from JPY 7.8 billion to JPY 13 billion. The company has revised this revision in the form of net income of JPY 7.135 billion to JPY 6.2 billion.
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. 
