Kyoritsu Maintenance Co., Ltd. · TSE:9616

Kyoritsu Maintenance — Q3 FY3/24 Earnings Presentation

30 slides from Kyoritsu Maintenance's earnings presentation, Feb 20, 2024

  1. Slide 1: FY 3/24 Q3 Consolidated Financial Results

    FY 3/24 Q3 (4-12/2023) Consolidated Financial Results Fe br ua ry 2 0 , 2 0 2 4 K yor it su Mai nte na nce C o., Ltd. 〔Se c ur ities C ode 9616〕 O N Y AD O N O N O B e p p u

  2. Slide 2: Contents

    Contents 01 Summary of Financial Results for FY 3/24 Q3 P.02 02 FY 3/24 Consolidated Financial Forecasts P.16 Copyright © kyoritsugroup.co.jp All rights reserved. 1

  3. Slide 3: Summary of Financial Results for FY 3/24 Q3

    01 Summary of Financial Results for FY 3/24 Q3 02 FY 3/24 Consolidated Financial Forecasts Copyright © kyoritsugroup.co.jp All rights reserved. 2

  4. Slide 4: FY3/24 Q3 Financial Highlights

    FY3/24 Q3 Financial Highlights Record profits due to improved profitability in the dormitory business and the hotel business. Dormitory COVID-19 （100 million yen） Senior Net Sales ▎Dormitory Business Resorts Pandemic Dormy Inn We achieved higher sales and profit due to significant growth Others in n

  5. Slide 5: Overview of Consolidated Financial Results and Main Financial Indicators

    Overview of Consolidated Financial Results and Main Financial Indicators FY 3/19 FY 3/23 FY 3/24 Special Causes YoY Comparison of YoY Comparison Q3 Q3 Q3 YoY Comparison of Increase/Decrease in YoY Comparison of YoY Comparison without Factors 100 million yen Cumulative Cumulative Cumulative Increase/

  6. Slide 6: Factors for Deviation from Operating Income Plans

    Factors for Deviation from Operating Income Plans Q3 Cumulative Operating Income Q1 Q2 Q3 Results Main Cause （100 million yen） (4–6/2023) (7–9/2023) (10–12/2023) (4–12/2023) Previous Forecast 16 13 7 36 ･ Perf orm anc e in m onthly (s hort - term us e) Dormitory Results 16 13 8 38 em ployee dorm ito

  7. Slide 7: Breakdown of Net Sales and Operating Income by Business Segments

    Breakdown of Net Sales and Operating Income by Business Segments (100 million yen) Q3 Cumulative Results： ■FY 3/19 ■FY 3/23 ■FY 3/24 Net Sales Hotel Business Total Q3 Cumulative Results Breakdown by Segments FY 3/24 Q3 Cumulative FY 3/19 595 (Before eliminations of intersegment transactions) FY 3/23

  8. Slide 8: Dormitory Business: Net Sales and Operating Income

    Dormitory Business: Net Sales and Operating Income (100 million yen) Operating Net Sales +16.4 (+4.5%) YoY +9.9 (+35.2%) YoY Income Increase in sales and income due to higher occupancy rates at the beginning of the period 98.2% (up 4.7 percentage points from the previous period) Termination at matur

  9. Slide 9: Dormitory Business: Trends in Initial Number of Leased Units & Occupancy Ratio

    Dormitory Business: Trends in Initial Number of Leased Units & Occupancy Ratio Japanese Student International Student Employee Domeal OCC (％) Capacity COVID-19 Pandemic 98.3 98.3 97.7 98.2 97.3 FY 3/22 FY 3/23 YoY FY 3/24 YoY 98.7 Occupancy 93.7 93.5 Ratio at the 92.1% 93.5% +1.4pt 98.2% +4.7pt 92.1

  10. Slide 10: Dormy Inn Business: Net Sales and Operating Income

    Dormy Inn Business: Net Sales and Operating Income (100 million yen) Operating Net Sales +116.4 (+27.1%) YoY +38.2 (+54.4%) YoY Income Sales and income growth due to higher RevPAR: 12,319 yen (YoY +2,385 yen) FY 3/24 Newly opened: 1 facilities 196 rooms Sep. Aomori 196 FY 3/23 Newly opened: 7 facili

  11. Slide 11: Dormy Inn Business: Quarterly Trends in Occupancy Ratio and Average Daily Rate

    Dormy Inn Business: Quarterly Trends in Occupancy Ratio and Average Daily Rate ADR *1 OCC *1 Business Hotel Industry Average OCC *2 Semi-State State of Emergency First Second Third Fourth of Emergency ▍ October-December Results & January Preliminary Figures Except Add Go To Travel Campaign TOKYO TOK

  12. Slide 12: Dormy Inn Business: RevPAR by Quarter

    Dormy Inn Business: RevPAR by Quarter RevPAR *1 Semi-State State of Emergency First Second Third Fourth of Emergency ▍ October-December Results & January Preliminary Figures Except Add Go To Travel Campaign TOKYO TOKYO Travel Discount Program RevPAR FY3/19 RevPAR FY3/20 12.8 RevPAR FY3/23 RevPAR FY3

  13. Slide 13: Resorts Business: Net Sales and Operating Income

    Resorts Business: Net Sales and Operating Income (100 million yen) Operating Net Sales +81 (+25.6%) YoY +28.9 YoY Income Sales and income growth due to higher RevPAR: 37,833 yen (YoY +3,527 yen) FY 3/24 Newly opened: 1 facilities 75 rooms Sep. La Vista Kannonzaki Terrace 75 FY 3/23 Newly opened: 5 f

  14. Slide 14: Resorts Business: Quarterly Trends in Occupancy Ratio and Average Daily Rate

    Resorts Business: Quarterly Trends in Occupancy Ratio and Average Daily Rate ADR *1 OCC *1 Resort Hotel Industry Average OCC *2 Semi-State State of Emergency First Second Third Fourth of Emergency ▍ October-December Results & January Preliminary Figures Except Add Go To Travel Campaign TOKYO TOKYO T

  15. Slide 15: Resorts Business: RevPAR by Quarter

    Resorts Business: RevPAR by Quarter RevPAR ※1 Semi-State State of Emergency First Second Third Fourth of Emergency ▍ October-December Results & January Preliminary Figures Except Add Go To Travel Campaign TOKYO TOKYO Travel Discount Program RevPAR FY3/19 RevPAR FY3/20 40.2 40.2 37.8 38.4 RevPAR FY3/

  16. Slide 16: Balance Sheet, Net D/E Ratio, Dividend Trends

    Balance Sheet, Net D/E Ratio, Dividend Trends End of March End of December Interest-Bearing Liabilities (Net）(100 million yen) Net Debt-to-Equity (D/E) Ratio 2023 2023 1.49 1.39 1.39 1.31 1.27 Assets Liabilities Assets Liabilities 0.90 0.84 272.3 billion yen 197.7 billion yen 262.8 billion yen 181.1

  17. Slide 17: FY 3/24 Consolidated Financial Forecasts

    01 Summary of Financial Results for FY 3/24 Q3 02 FY 3/24 Consolidated Financial Forecasts Copyright © kyoritsugroup.co.jp All rights reserved. 16

  18. Slide 18: Consolidated Financial Forecast: Highlights

    Consolidated Financial Forecast: Highlights Expecting record-high profits and revised upward again due to an improvement in earnings, which is better-than-expectation. Dormitory Senior COVID-19 （100 million yen） Net Sales ▎Dormitory Business Resorts Pandemic Dormy Inn Since the occupancy rate at the

  19. Slide 19: Consolidated Financial Forecast: Main Financial Indicators

    Consolidated Financial Forecast: Main Financial Indicators FY 3/23 FY 3/24 Special Causes YoY Revised Previous YoY Comparison of Results YoY Forecast YoY Comparison of Increase/Decrease YoY Comparison of Comparison 100 million yen Forecast Comparison Increase/Decrease in in facilities for Increase/D

  20. Slide 20: Consolidated Financial Forecast: Quarterly Operating Income by Major Segments

    Consolidated Financial Forecast: Quarterly Operating Income by Major Segments Operating Income Q1 Q2 Q3 Q4 Full Year （100 million yen） (4 – 6) (7 – 9) (10 – 12) (1 – 3) FY 3/23 Results 12 9 5 17 45 Dormitory FY 3/24 Resorts Previous Forecast 16 13 7 20 57 Business Business FY 3/24 Revised Forecast 1

  21. Slide 21: Consolidated Financial Forecast: Breakdown by Segments

    Consolidated Financial Forecast: Breakdown by Segments ■FY 3/19 Results ■FY 3/23 Results ■FY 3/24 Previous Forecast ■FY 3/24 Revised Forecast (100 million yen) Net Sales Hotel Business Total FY 3/19 Results 783 FY 3/23 Results 1,010 Breakdown by Segments FY 3/24 Forecast FY 3/24 Previous Forecast 1,

  22. Slide 22: Forecast, Dormitory Business: Net Sales and Operating Income

    Consolidated Financial Forecast, Dormitory Business: Net Sales and Operating Income （100 million yen） Operating Net Sales +19.7 (+3.9%) YoY +11.5 (+25.3%) YoY Income Increase in sales and income due to higher occupancy rates at the beginning of the period 98.2% (up 4.7 percentage points from the pre

  23. Slide 23: Forecast, Dormy Inn Business: Net Sales and Operating Income

    Consolidated Financial Forecast, Dormy Inn Business: Net Sales and Operating Income （100 million yen） Operating Net Sales +146.5 (+25.4%) YoY +45.8 (+59.8%) YoY Income Sales and income growth due to higher RevPAR: 12,086 yen (YoY +1,997 yen) FY 3/24 Newly opened: FY 3/23 Newly opened: 4 facilities 7

  24. Slide 24: Forecast, Resorts Business: Net Sales and Operating Income

    Consolidated Financial Forecast, Resorts Business: Net Sales and Operating Income （100 million yen） Operating Net Sales +91.2 (+21.0%) YoY +41.0 YoY Income Sales and income growth due to higher RevPAR: 37,481 yen (YoY +2,476 yen) FY 3/24 Newly opened: 1 facilities 75 rooms Sep. La Vista Kannonzaki T

  25. Slide 25: Forecast, Dormy Inn Business: Quarterly Trends in KPI

    Consolidated Financial Forecast, Dormy Inn Business: Quarterly Trends in KPI 94.2% RevPAR OCC ADR 91.6% 92.7% 93.3% 88.9% 89.7% 90.5% 89.1% 85.3% 87.0% 85.9% 86.4% 84.9% 85.4% 87.1% 85.0% 81.1% 78.8% 74.9% 14.6 14.4 69.8% 69.6% 13.2 13.4 63.8% 12.5 61.5% 12.4 11.7 11.3 11.4 11.7 10.9 11.1 10.4 10.6

  26. Slide 26: Forecast, Resorts Business: Quarterly Trends in KPI

    Consolidated Financial Forecast, Resorts Business: Quarterly Trends in KPI RevPAR OCC ADR 87.4% 84.5% 82.9% 83.2% 79.2% 80.2% 80.7% 80.8% 80.7% 76.1% 76.7% 77.3% 78.2% 74.6% 75.2% 72.1% 69.4% 69.3% 67.1% 64.7% 57.8% 49.8 49.9 48.3 46.3 47.9 46.4 46.2 46.1 44.9 45.6 45.7 45.5 42.5 41.7 43.2 41.6 41.9

  27. Slide 27: Dormitory / Hotel Development Plans

    Dormitory / Hotel Development Plans FY 3/20 FY 3/21 FY 3/22 FY 3/23 FY 3/24 +15 facilities* +1,574 rooms* +15 facilities* +1,181 rooms* +21 facilities* +1,928 rooms* +20 facilities* +1,971 rooms* +12 facilities* +1,037 rooms* Ending number of Ending number of Ending number of Ending number of Ending

  28. Slide 28: Appendix: Opening Information

    Appendix：Opening Information Senior Life Business (2 facilities 241 rooms) & Foods Business (4 store) Number of Opening Facility Name Prefecture Rooms Month Senior Life Business 176 Dormy Mejirodai Tokyo rooms 9/2023 Dormy Suginami 65 Tokyo 10/2023 Imagawa rooms Dormy Mejirodai Dormy Suginami Imagaw

  29. Slide 29: Important notes

    Important notes As used in these Notes, "presentation" refers to this Document explained or distributed by Kyoritsu Maintenance Co., Ltd. ("Kyoritsu" hereinafter), as well as oral presentations, questions and answers, and information provided in writing or orally. This presentation (including relate

  30. Slide 30: KWH OK OIC,

    KWH OK OIC, KY@RITSU HOTELS & DORMITORIES

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