ResortTrust Inc. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2011; Revises Earnings Guidance for the Year Ending March 31, 2012
February 13, 2012
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ResortTrust Inc. reported consolidated earnings results for the nine months ended December 31, 2011. For the period, the company reported net sales of JPY 74,409 million, operating income of JPY 8,400 million, ordinary income of JPY 9,261 million, net income of JPY 5,636 million or JPY 120.67 per diluted share and net cash provided by operating activities of JPY 13,021 million compared to net sales of JPY 73,991 million, operating income of JPY 10,241 million, ordinary income of JPY 10,190 million, net income of JPY 5,507 million or JPY 118.75 per diluted share and net cash provided by operating activities of JPY 8,230 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 4,133 million against JPY 3,450 million a year ago.
The company revised earnings guidance for the year ending March 31, 2012. For the year, it expects net sales of JPY 99,000 million, operating income of JPY 9,200 million, ordinary income of JPY 9,100 million and net income of JPY 5,400 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. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2011; Revises Earnings Guidance for the Year Ending March 31, 2012