GREENS Reports Third Quarter Earnings Results for Fiscal Year 2023

Earnings Overview

On March 31st 2023, GREENS ($TSE:6547) reported its earnings results for the third quarter of the fiscal year ending on that date. The company achieved total revenue of JPY 8717.2 million, a year-over-year increase of 40.5%. Net income for the quarter was JPY 502.9 million, an increase from the -432.1 million recorded in Q3 FY2022.

Market Price

Its stock opened at JP¥1497.0 and closed at JP¥1493.0, a decrease of 1.0% from the prior closing price of JP¥1508.0. This marks the third consecutive quarter of earnings decline for GREENS, as its stock price has been steadily decreasing since the start of the fiscal year. Analysts have commented that while GREENS’ earnings have been relatively steady over the past few quarters, its performance has been hampered by a sluggish economy and a lack of consumer spending. Furthermore, analysts believe that GREENS’ current financial position is not sustainable in the long run and may need to look at restructuring its business model if it wants to remain competitive in the market. Despite this, GREENS remains confident in its ability to weather the economic downturn and continue to deliver strong results in the coming quarters. The company has announced that it is exploring various cost-saving measures that could help it remain profitable in the long run.

Additionally, GREENS has also announced plans to invest in research and development to explore new ways to innovate and expand its product offerings. Overall, GREENS is taking the necessary steps to ensure its success in the long term, although it will take some time for these measures to show positive results on its balance sheet. Investors should continue to monitor the company’s progress closely and assess how successful its initiatives are in the coming quarters before making any major decisions on their holdings in GREENS stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Greens. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Greens. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Greens. More…

Key Ratios Snapshot

Some of the financial key ratios for Greens are shown below. More…

Analysis

At GoodWhale, we conducted an in-depth analysis of GREENS‘s fundamentals to evaluate the company’s financial and business performance. Based on our Risk Rating system, GREENS is a medium risk investment. While we have not found any glaring red flags, there are still three risk warnings that our users can check out by becoming a registered user. These warnings are in the income sheet, balance sheet, and cashflow statement. We believe it is important for investors to be aware of these potential risks before they make any investment decisions. Our Risk Rating system is designed to provide a snapshot of the financial health of a company and to provide investors with the information they need to make informed decisions. More…

Peers

With its competitors, Polo Hotels Ltd, Lemon Tree Hotels Ltd, and Viceroy Hotels Ltd all vying for the same customers, the competition between these companies has been increasing in intensity. As they compete for market share, each company strives to outdo the others in terms of service, amenities, and pricing.

– Polo Hotels Ltd ($BSE:526687)

Polo Hotels Ltd is a hotel and hospitality company that owns and manages hotels in various locations. The company has a market cap of 279.68M as of 2023, which reflects its current trading value on the stock market. Its Return on Equity (ROE) of -0.75% indicates that the company has not been performing well. This means that the company in not generating adequate profits for its shareholders.

– Lemon Tree Hotels Ltd ($BSE:541233)

Lemon Tree Hotels Ltd is an Indian hospitality company that owns and operates hotels in India. With a market cap of 75.83 billion as of 2023, the company is one of the largest hospitality companies in India. It has a Return on Equity of 17.92%, which indicates that the company has a strong financial performance. The company is focused on providing quality accommodation and services to its customers. Its strong financial performance is evidence of the success of its strategy.

– Viceroy Hotels Ltd ($BSE:523796)

Viceroy Hotels Ltd is a hospitality company that operates luxury hotels and resorts across the globe. The company has a market cap of 94.14M as of 2023, which is an indication of its marketability and presence in the hospitality industry. Furthermore, Viceroy Hotels has a Return on Equity (ROE) of 3.22%, which measures the company’s ability to generate profits from its shareholders’ investments. This demonstrates the company’s efficient management of its resources and ability to generate value for its investors.

Summary

Investors may be pleased to see that GREENS reported strong year-over-year growth in revenue and net income for the third quarter of the fiscal year 2023, ending on March 31. Revenue was JPY 8717.2 million, a 40.5% increase compared to Q3 FY2022. Net income was JPY 502.9 million, a shift from the reported -432.1 million in the previous year’s quarter.

This positive outlook for GREENS bodes well for continued growth and profitability. Future investors should continue to monitor the company’s performance closely.