ResortTrust Inc. Announces Consolidated Earnings Results for the Third Quarter Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2013
February 16, 2013 at 07:28 pm IST
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ResortTrust Inc. announced consolidated earnings results for the third quarter ended December 31, 2012. For the quarter, the company reported net sales of JPY 80,546 million against JPY 74,409 million a year ago. Operating income was JPY 11,346 million against JPY 8,400 million a year ago. Ordinary income was JPY 11,805 million against JPY 9,261 million a year ago. Income before income taxes and minority interests was JPY 11,979 million against JPY 9,100 million a year ago. Net income was JPY 7,170 million or JPY 151.01 per fully diluted share against JPY 5,636 million or JPY 120.67 per fully diluted share a year ago. Net assets per share as at December 31, 2012 was JPY 1,362.12 compared to JPY 1,257.99 as at December 31, 2011. Net cash provided by operating activities was JPY 17,105 million against JPY 13,021 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 3,091 million against JPY 4,133 million a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2013. For the year, the company expects net sales of JPY 106,200 million, operating income of JPY 10,700 million, ordinary income of JPY 10,800 million and net income of JPY 6,400 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. Announces Consolidated Earnings Results for the Third Quarter Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2013