Fujita Kanko Third Quarter 2024 Earnings: Misses Expectations

Fujita Kanko (TSE:9722) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥18.3b (up 12% from 3Q 2023).
• Net income: JP¥1.61b (up 3.1% from 3Q 2023).
• Profit margin: 8.8% (in line with 3Q 2023).
• EPS: JP¥134 (up from JP¥130 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fujita Kanko Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan.

Performance of the Japanese Hospitality industry.

The company's shares are down 3.4% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Fujita Kanko, and understanding it should be part of your investment process.

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