Royal Hotel has announced its financial results for the fiscal year ending March 2024. The net income amounted to 901 million yen.
Revenue was 20.668 billion yen, operating profit stood at 557 million yen, and ordinary profit was 587 million yen, marking a return to profitability in both operating and ordinary profits. This follows a significant net profit in the previous fiscal year, which included gains from the sale of the Rihga Royal Hotel (Osaka).
A dividend of 5 yen per common share and 449.5 yen per Class A preferred share will be paid, taking into account the retained earnings from real estate sales at the end of March 2023 and performance. This marks the resumption of dividends for the first time in 27 years.
A medium-term management plan titled “ReRISE 2026” has been formulated, aiming to increase the variation of hotel categories and develop new categories to reach new customer bases. The hotel will also pursue digital transformation (DX), review human resources systems, and shift from an asset owning and operating model to a management-focused business model.
For the fiscal year ending in March 2025, the company forecasts revenue of 23.1 billion yen, operating profit of 700 million yen, ordinary profit of 300 million yen, and net income of 100 million yen.
