GREENLAND RESORT, 12% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

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Fri Feb 14, 2025 3:30 pm JST Earnings

9656 GREENLAND RESORT COMPANY LIMITED 【J-GAAP】

Earnings Report

GREENLAND RESORT COMPANY LIMITED <9656> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 decreased 12.5% from the previous period to 780 million yen. In the fiscal year ending December 2025, the profit is expected to decrease by 11.5% from the previous period to 690 million yen.

At the same time, the company increased the annual dividend for the previous term from 15 yen to 16 yen (compared to 14 yen in the prior term), and has decided to reduce the dividend this fiscal year to 14 yen, a decrease of 2 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit increased 82.0% from the same period last year, reaching 111 million yen. The operating profit margin significantly improved from 4.0% in the same period last year to 7.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	5,732	763	820	428	41.4	12	Feb 13, 2023	J-GAAP
Dec, 2023	6,406	888	891	463	44.9	14	Feb 14, 2024	J-GAAP
Dec, 2024	6,412	774	780	534	51.7	16	Feb 14, 2025	J-GAAP
YoY	+0.1%	-12.8%	-12.5%	+15.3%	+15.2%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	6,700	630	620	430	41.6	15	Dec 24, 2024	J-GAAP
Dec, 2024 Results	6,412	774	780	534	51.7	16	Feb 14, 2025	J-GAAP
Revision Rate	-4.3%	+22.9%	+25.8%	+24.2%	+24.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	2,943	258	274	193	18.7	5	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	5	Feb 14, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	6,406	888	891	463	44.9	14	Feb 14, 2024	J-GAAP
Dec, 2024	6,412	774	780	534	51.7	16	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	6,700	710	690	480	46.4	14	Feb 14, 2025	J-GAAP
YoY	+4.5%	-8.3%	-11.5%	-10.1%	-10.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,548	62	61	-127	-12.3	4.0	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,310	90	100	65	6.4	6.9	May 9, 2024	J-GAAP
Apr - Jun, 2024	1,633	168	174	128	12.4	10.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,874	401	395	275	26.6	21.4	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	1,595	115	111	66	6.4	7.2	Feb 14, 2025	J-GAAP
YoY	+3.0%	+85.5%	+82.0%	－	－