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Nippon Ski Resort Development, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 11%, Raises Record High Profit Forecast

Fri Jun 6, 2025 3:30 pm JST Earnings

6040 Nippon Ski Resort Development Co. Ltd. 【J-GAAP】

Earnings Report

Nippon Ski Resort Development Co. Ltd. <6040> [TSE Growth] announced its financial results after the market closed on June 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending July 2025 (August 2024 to April 2025) expanded 2.83 billion yen, an increase 43.2% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 10.7%, from the previous forecast of 1.87 billion yen to 2.07 billion yen (compared to 1.55 billion yen in the previous period), increasing the growth rate from 20.7% to 33.5%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the February to July period (second half) is expected to increase 25.1%, from the previous forecast of 0.79 billion yen to 0.99 billion yen (compared to 0.85 billion yen in the same period of the previous year), turning to a 17.0% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from February to April (3Q), the consolidated ordinary profit increased 37.5% from the same period last year, reaching 1.76 billion yen. The operating profit margin rose from 37.8% in the same period last year to 41.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Aug - Apr, 2022 6,110 1,450 1,488 1,170 25.7 138.2 Jun 9, 2023 J-GAAP
Aug - Apr, 2023 7,314 1,987 1,982 1,382 30.4 127.5 Jun 7, 2024 J-GAAP
Aug - Apr, 2024 9,159 2,846 2,839 1,911 41.8 136.8 Jun 6, 2025 J-GAAP
YoY +25.2% +43.2% +43.2% +38.3% +37.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 Prev 4,895 817 798 507 11.1 3.50 Mar 7, 2025 J-GAAP
Feb - Jul, 2025 New 5,215 1,017 998 687 15.0 3.50 Jun 6, 2025 J-GAAP
Revision Rate +6.5% +24.5% +25.1% +35.5% +35.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2025 Prev 9,850 1,900 1,875 1,280 27.9 3.50 Mar 7, 2025 J-GAAP
Jul, 2025 New 10,170 2,100 2,075 1,460 31.9 3.50 Jun 6, 2025 J-GAAP
Revision Rate +3.2% +10.5% +10.7% +14.1% +14.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 4,328 849 853 606 13.3 3.33 Sep 6, 2024 J-GAAP
Feb - Jul, 2025 Guidance 5,215 1,017 998 687 15.0 3.50 Jun 6, 2025 J-GAAP
YoY +20.5% +19.8% +17.0% +13.4% +12.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 6,898 1,036 1,077 952 20.9 2.33 Sep 8, 2023 J-GAAP
Jul, 2024 8,245 1,552 1,554 1,093 24.0 3.33 Sep 6, 2024 J-GAAP
Jul, 2025 Guidance 10,170 2,100 2,075 1,460 31.9 3.50 Jun 6, 2025 J-GAAP
YoY +23.3% +35.3% +33.5% +33.6% +32.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Feb - Apr, 2024 3,397 1,284 1,281 895 19.7 37.8 Jun 7, 2024 J-GAAP
May - Jul, 2024 931 -435 -428 -289 -6.4 -46.7 Sep 6, 2024 J-GAAP
Aug - Oct, 2024 1,454 -64 -69 -37 -0.8 -4.4 Dec 6, 2024 J-GAAP
Nov - Jan, 2024 3,501 1,147 1,146 810 17.8 32.8 Mar 7, 2025 J-GAAP
Feb - Apr, 2025 4,204 1,763 1,762 1,138 24.9 41.9 Jun 6, 2025 J-GAAP
YoY +23.8% +37.3% +37.5% +27.2% +26.7%

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