The Royal Hotel Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	29,317	25,164	20,668	26,397	16,465	15,638
Revenue Growth (YoY)	24.92%	21.75%	-21.70%	60.32%	5.29%	-58.41%
Cost of Revenue	4,360	4,088	3,609	5,722	3,994	4,004
Gross Profit	24,957	21,076	17,059	20,675	12,471	11,634
Selling, General & Admin	22,572	19,782	16,501	22,253	19,241	19,947
Operating Expenses	22,953	20,163	16,501	23,661	20,688	21,427
Operating Income	2,004	913	558	-2,986	-8,217	-9,793
Interest Expense	-7	-3	-	-346	-324	-261
Interest & Investment Income	17	7	10	8	8	7
Other Non Operating Income (Expenses)	-107	-121	20	1,193	3,982	3,131
EBT Excluding Unusual Items	1,907	796	588	-2,131	-4,551	-6,916
Gain (Loss) on Sale of Investments	-	1,481	104	-2	10	-
Gain (Loss) on Sale of Assets	-	-	-	15,576	-	-
Asset Writedown	-117	-219	-136	-115	-259	-185
Other Unusual Items	-2	-1	-1	-1	-	-1
Pretax Income	1,788	2,057	555	13,327	-4,800	-7,102
Income Tax Expense	27	221	-346	12	11	2,278
Earnings From Continuing Operations	1,761	1,836	901	13,315	-4,811	-9,380
Minority Interest in Earnings	-38	-99	-	-	-	46
Net Income	1,723	1,737	901	13,315	-4,811	-9,334
Preferred Dividends & Other Adjustments	68	68	56	-	-	-
Net Income to Common	1,655	1,669	845	13,315	-4,811	-9,334
Net Income Growth	-17.32%	92.79%	-93.23%	-	-	-
Shares Outstanding (Basic)	15	15	15	11	10	10
Shares Outstanding (Diluted)	19	19	19	14	10	10
Shares Change (YoY)	0.02%	-	32.60%	39.10%	-	-45.54%
EPS (Basic)	108.36	109.28	55.33	1252.70	-469.73	-911.35
EPS (Diluted)	91.20	91.95	47.69	934.58	-469.73	-911.35
EPS Growth	-17.31%	92.79%	-94.90%	-	-	-
Free Cash Flow	-	687	-2,053	-398	-4,964	-5,224
Free Cash Flow Per Share	-	36.37	-108.68	-27.94	-484.67	-510.06
Dividend Per Share	5.000	5.000	5.000	-	-	-
Gross Margin	85.13%	83.75%	82.54%	78.32%	75.74%	74.40%
Operating Margin	6.84%	3.63%	2.70%	-11.31%	-49.91%	-62.62%
Profit Margin	5.64%	6.63%	4.09%	50.44%	-29.22%	-59.69%
Free Cash Flow Margin	-	2.73%	-9.93%	-1.51%	-30.15%	-33.41%
EBITDA	2,489	1,294	801	-1,578	-6,770	-8,313
EBITDA Margin	8.49%	5.14%	3.88%	-5.98%	-41.12%	-53.16%
D&A For EBITDA	484.5	381	243	1,408	1,447	1,480
EBIT	2,004	913	558	-2,986	-8,217	-9,793
EBIT Margin	6.84%	3.63%	2.70%	-11.31%	-49.91%	-62.62%
Effective Tax Rate	1.51%	10.74%	-	0.09%	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.