Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
91109
Thousand yen (year-on-year decrease in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAPNet Sales3,003million yenYear on year -0.3%Progress 42.9%
Operating profit186million yenYear on year -32.9%Progress 23.8%
Ordinary income171million yenYear on year -38.6%Progress 23.1%
Net income attributable to owners of the parent206million yenYear on year +2.1%Progress 41.2%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥19.97
Financial position at period-end
Total assets20,060million yen
of which net assets 10,692 million yenEquity ratio 53.3%vs. prior year-end +0.9pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+271,403
Investment-233,478
Financials-170,700
Net change-132,775
Stacked from zero: upward is an increase in cash, downward a decrease (in thousand yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period373,981 thousand yen
Segment revenue
Amusement park business1,354,05045.1%
Golf Business540,38818.0%
Hotel Business840,46728.0%
Real Estate Business95,4283.2%
Civil Engineering and Construction Materials Business173,1025.8%
Segment profit
Amusement park business288,082
Golf Business55,039
Hotel Business-55,213
Real Estate Business69,259
Civil Engineering and Construction Materials Business34,766
Outlook and shareholder returns
Full-year earnings forecast
Net Sales7,000 million yen (YoY +8.5%)
Operating profit780 million yen (YoY +6.1%)
Ordinary income740 million yen (YoY +3.3%)
Net income500 million yen (YoY +2.6%)
Annual Dividend Forecast15 yen → 15 yen（0.0%）
Factors Behind Changes in Business Performance
Visitor numbers at the amusement park business in Kyushu declined due to adverse weather, resulting in lower operating income and ordinary income. In the golf business, higher average customer spending following the previous year's price revisions contributed to sales, while interim net income attributable to owners of the parent increased due to the recognition of an income tax adjustment gain following a review of the recoverability of deferred tax assets.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNo additions or removals (0 companies; no company names)
Material subsequent eventsSorachi Resort City, a consolidated subsidiary, transferred the Hotel Sunplaza operating business to SeedC株式会社 on 1 July 2026. The consideration received was nil, and the estimated loss on the transfer was ¥34,797 thousand.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 4,561 thousand yen / Compensation for expropriation 122 thousand yen / Extraordinary loss Loss on disposal and sale of non-current assets 2,890 thousand yen / Expenses related to the transfer of business 34,797 thousand yen
Depreciation and amortization179,556 thousand yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者：Not applicable)
Issued Shares at Period-End10,346,683 shares
Treasury Shares at Period-End9,260 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | 3,003 million yen (YoY -0.3%) |
| Operating profit | 186 million yen (YoY -32.9%) |
| Ordinary income | 171 million yen (YoY -38.6%) |
| Profit attributable to owners of the parent | 206 million yen (YoY +2.1%) |
| Net income per share | ¥19.97 |
| Equity ratio | End of the current fiscal period 53.3% / End of previous period 52.4% |
| Total assets | 20,060 million yen |
| Net assets | 10,692 million yen |
| Cash flows from operating activities | 271,403 thousand yen |
| Cash flows from investing activities | -233,478 thousand yen |
| Cash flows from financing activities | -170,700 thousand yen |
| Cash and cash equivalents at end of period | 373,981 thousand yen |
| Full-year earnings forecast | Net Sales 7,000 million yen (YoY +8.5%) / Operating profit 780 million yen (YoY +6.1%) / Ordinary income 740 million yen (YoY +3.3%) / Net income 500 million yen (YoY +2.6%) |
| Annual Dividend Forecast | 15 yen → 15 yen（0.0%） |
| Segment revenue | Amusement park business 1,354,050 thousand yen / Golf Business 540,388 thousand yen / Hotel Business 840,467 thousand yen / Real Estate Business 95,428 thousand yen / Civil Engineering and Construction Materials Business 173,102 thousand yen |
| Segment profit | Amusement park business 288,082 thousand yen / Golf Business 55,039 thousand yen / Hotel Business -55,213 thousand yen / Real Estate Business 69,259 thousand yen / Civil Engineering and Construction Materials Business 34,766 thousand yen |
| Depreciation and amortization | 179,556 thousand yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 4,561 thousand yen / Compensation for expropriation 122 thousand yen / Extraordinary loss Loss on disposal and sale of non-current assets 2,890 thousand yen / Expenses related to the transfer of business 34,797 thousand yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | No additions or removals (0 companies; no company names) |
| Material subsequent events | Sorachi Resort City, a consolidated subsidiary, transferred the Hotel Sunplaza operating business to SeedC株式会社 on 1 July 2026. The consideration received was nil, and the estimated loss on the transfer was ¥34,797 thousand. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not applicable) |
| Issued Shares at Period-End | 10,346,683 shares |
| Treasury Shares at Period-End | 9,260 shares |
| Factors Behind Changes in Business Performance | Visitor numbers at the amusement park business in Kyushu declined due to adverse weather, resulting in lower operating income and ordinary income. In the golf business, higher average customer spending following the previous year's price revisions contributed to sales, while interim net income attributable to owners of the parent increased due to the recognition of an income tax adjustment gain following a review of the recoverability of deferred tax assets. |
Items this document does not state (7)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Visitor numbers at the amusement park business in Kyushu declined due to adverse weather. The recoverability of deferred tax assets was reviewed in light of the transfer of the Hotel Sunplaza operating business and other factors, resulting in the recognition of an income tax adjustment gain.
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