Imperial Hotel revises upward its net income forecast

Imperial Hotel today announced an update to its consolidated earnings forecast for the fiscal year ending March 31, 2025. While the company maintains its previous forecasts for sales revenue at ¥53 billion and operating profit at ¥1.5 billion, it has increased its net income attributable to parent company shareholders from ¥1.8 billion to ¥2.5 billion. This revision reflects an increase of ¥700 million, or 38.9%. The primary driver for this adjustment is the recognition of special income during the third quarter. Consequently, the projected earnings per share have been revised upward from ¥15.17 to ¥21.07. The company cautions that the forecast is based on currently available information and is subject to change due to unforeseen circumstances.