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GREENLAND RESORT, Jan-Sep (Cumulative 3Q) Ordinary Profit Decreases by 25%, Jul-Sep Ordinary Profit Decreases by 43%

Mon Nov 10, 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 November 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) decreased 24.8% from the same period last year to 503 million yen. Progress toward the full-year plan of 690 million yen was 72.9%, also falling below the five-year average of 86.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand 68.5% from the same period last year, reaching 187 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 225 million yen, a 43.0% decrease compared to the same period last year. The operating profit margin significantly dropped from 21.4% in the same period last year to 13.3%.

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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
Jan - Sep, 2023 4,858 826 830 590 57.1 93.2 Nov 9, 2023 J-GAAP
Jan - Sep, 2024 4,817 659 669 468 45.3 85.8 Nov 11, 2024 J-GAAP
Jan - Sep, 2025 4,770 511 503 356 34.5 72.9 Nov 10, 2025 J-GAAP
YoY -1.0% -22.5% -24.8% -23.9% -23.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 3,469 516 506 341 33.0 11 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 3,688 433 412 278 26.9 9 Aug 8, 2025 J-GAAP
YoY +6.3% -16.1% -18.6% -18.5% -18.5%

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
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
Jan - Mar, 2025 1,350 84 81 62 6.1 6.2 May 9, 2025 J-GAAP
Apr - Jun, 2025 1,662 193 197 140 13.6 11.6 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 1,758 234 225 154 14.9 13.3 Nov 10, 2025 J-GAAP
YoY -6.2% -41.6% -43.0% -44.0% -44.0%

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