Angel Group Revises Earnings Forecast Down on Facility Delays, Food Safety Incident
Angel Group (TSE:5534) has downwardly revised its earnings forecast for the fiscal year ending August 2026, citing delayed occupancy ramp-up at new facilities and operational disruptions from a food poisoning incident at one of its resorts.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 11.9bn | JPY 11.0bn | -7.9% |
| Operating Profit | JPY 556M | JPY 219M | -60.6% |
| Ordinary Income | JPY 575M | JPY 237M | -58.8% |
| Net Profit | JPY 3.09bn | JPY 2.95bn | -4.7% |
| EPS | JPY 797.53/share | JPY 760.23/share | JPY -37.30/share |
The hospitality operator cited two primary headwinds. New lodging facilities have experienced slower-than-expected occupancy ramp-up, with utilization rates falling short of initial projections. Additionally, a food poisoning incident at Angel Forest Hakone Highland disclosed on May 11, 2026, has materially reduced facility operations and depressed revenue generation at the affected property.
Operating profit faces a particularly sharp contraction of 60.6%, while ordinary income (keijo rieki)—a Japan-specific metric encompassing operating profit plus non-operating items—declines 58.8% to JPY 237M. Net profit attributable to parent shareholders falls 4.7% to JPY 2.95bn. The earnings miss underscores execution risks in the company’s expansion strategy and the operational vulnerability of resort properties to health and safety incidents. Investors will closely monitor the pace of occupancy recovery at new facilities and the restoration of operations at the affected resort location in coming quarters.
Source: Original filing (TDnet) | 日本語版
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