Trading Update

 

TIDMJPLH 
 
RNS Number : 7270P 
Japan Leisure Hotels Ltd 
22 July 2010 
 

 22 JULY 2010 
 
                          JAPAN LEISURE HOTELS LIMITED 
                                (the "Company") 
 
                                 Trading Update 
 
The Company is pleased to provide an update on current trading following the 
announcement of its annual results for the year ended 31 December 2009. 
As reported at that time, the Yokkaichi hotel was closed for renovation for the 
majority of the first six months of the current financial year.  Furthermore, 
certain other hotels were experiencing reduced occupancy due to competitors 
aggressively reducing prices and some hotels nearing their scheduled 
refurbishment. The Asset Manager is taking immediate steps to address these 
short term issues, where possible, and is confident that it they will be quickly 
resolved. 
As a result of the above, revenue and EBITDA levels for the year ending 31 
December 2010 will be lower than current market expectations. 
Nevertheless, the Board's long term confidence in the Company's business model, 
based on the unique features of Japanese culture and demographics, remains 
unchanged. 
The Company will announce its half year results for the 6 months ended 30 June 
2010 on Tuesday 28 September 2010. 
  Enquiries: 
 
+---------------------------------------+---------------------------+ 
| Asset Manager                         | [phone]           | 
| Steve Mansfield                       |                           | 
+---------------------------------------+---------------------------+ 
|                                       |                           | 
+---------------------------------------+---------------------------+ 
| Shore Capital and Corporate Limited   | 020 7408 4090             | 
| (NOMAD to the Company)                |                           | 
| Dru Danford                           |                           | 
| Stephane Auton                        |                           | 
+---------------------------------------+---------------------------+ 
|                                       |                           | 
+---------------------------------------+---------------------------+ 
| Pelham Bell Pottinger                 | 020 7861 3112 or 07802    | 
| Archie Berens                         | 442 486                   | 
+---------------------------------------+---------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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