Edition:
United States

Royal Hotel Ltd (9713.T)

9713.T on Tokyo Stock Exchange

202JPY
25 Sep 2017
Change (% chg)

¥2 (+1.00%)
Prev Close
¥200
Open
¥200
Day's High
¥202
Day's Low
¥200
Volume
62,000
Avg. Vol
31,780
52-wk High
¥224
52-wk Low
¥185

Latest Key Developments (Source: Significant Developments)

Royal Hotel says integration of units
Monday, 10 Jul 2017 03:23am EDT 

July 10 (Reuters) - Royal Hotel Ltd <9713.T>:Says it plans to establish two new units to take over hotel business of a Hiroshima-based unit and a Kokura-based unit respectively on Sept. 1.Says the Hiroshima-based unit and the Kokura-based unit will be dissolved after integration.Says the co will forgive about 15.8 billion debts borrowed by the Hiroshima-based unit and the Kokura-based unit .  Full Article

Royal Hotel to merge with wholly owned unit
Monday, 10 Jul 2017 03:10am EDT 

July 10 (Reuters) - Royal Hotel Ltd <9713.T>:Says it plans to merge with Osaka-based real estate wholly owned unit on Sept. 1.Says the unit will be dissolved after merger.  Full Article

Royal Hotel names new president
Friday, 12 May 2017 03:27am EDT 

May 12 (Reuters) - Royal Hotel Ltd <9713.T>: :* Says it has named Shuichi Kageyama as the new President of the company, to replace Tooru Kawasaki.* Effective date June 29 .  Full Article

Royal Hotel says cancellation of entrusted management contract for hotel in Okinawa
Thursday, 26 Jan 2017 02:15am EST 

Royal Hotel Ltd <9713.T> : Says the entruster (GHO) cancels entrusted management contract signed with co for the hotel in Okinawa . The cancelling date is April 30 .Says the two entities will commence the discussion on entering into franchise agreement.  Full Article

Royal Hotel raises consolidated full-year outlook for FY 2016
Thursday, 28 Apr 2016 03:50am EDT 

Royal Hotel Ltd:Says the company increased the consolidated full-year outlook for revenue to 41,500 mln yen from 40,850 mln yen, for the fiscal year ended March 31, 2016.Operating profit forecast increased to 2,050 mln yen from 1,400 mln yen.Ordinary profit forecast increased to 1,750 mln yen from 1,100 mln yen.Net profit forecast increased to a loss of 450 mln yen from a loss of 1,100 mln yen.Earnings per share increased to a loss of 4.39 yen from a loss of 10.74 yen.Comments the improved performance in core business and cost reduction are the main reasons for the forecast.  Full Article

Royal Hotel to set up new subsidiary by splitting business
Friday, 13 Nov 2015 01:40am EST 

Royal Hotel Ltd:To split its Tokyo-based hotel business to set up a new subsidiary based in Tokyo, on Feb. 1, 2016.  Full Article

Royal Hotel plans to take out loan
Friday, 13 Nov 2015 01:40am EST 

Royal Hotel Ltd:To take out a loan of 27 bln yen from Sumitomo Mitsui Banking Corporation on Nov. 17 with a term of three years and two months.  Full Article

Royal Hotel to acquire property
Friday, 13 Nov 2015 01:40am EST 

Royal Hotel Ltd:To acquire trust beneficial rights of a property located in Osaka, at price of 27 bln yen from MORI TRUST CO., LTD. on Nov. 17.  Full Article

Royal Hotel amends consolidated full-year outlook for FY 2016
Friday, 13 Nov 2015 01:40am EST 

Royal Hotel Ltd:Says the company increased the consolidated full-year outlook for revenue to 40,850 million yen from 40,750 million yen for FY ending March 2016.Operating profit forecast increased to 1,400 million yen from 1,250 million yen.Confirms the ordinary profit forecast at 1,100 million yen.Net profit forecast increased to -1,100 million yen from -1,250 million yen.Earnings per share increased to -10.74 yen from -12.20 yen.Comments the land acquisition is the main reason for the forecast.  Full Article

BRIEF-Royal Hotel says integration of units

* Says it plans to establish two new units to take over hotel business of a Hiroshima-based unit and a Kokura-based unit respectively on Sept. 1