Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results
for the Three Months Ended March 31, 2025 [Japanese GAAP]
May 9, 2025
Company name: FUJITA KANKO INC. Listing: Tokyo Stock Exchange Securities code: 9722
URL: https://www.fujita-kanko.co.jp/
Representative: Shinsuke Yamashita Representative Director and President, Executive Officer
Inquiries: Yasuko Ishihara Manager of Accounting and Finance Department of Planning Division
Telephone: +81-3-5981-7723
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
Consolidated Financial Results for the Three Months Ended March 31, 2025 (January 1, 2025 to March 31, 2025)
Consolidated Operating Results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Three months ended
March 31, 2025
March 31, 2024
Millions of yen
18,765
16,985
%
10.5
29.0
Millions of yen
2,954
2,056
%
43.7
-
Millions of yen
2,500
2,177
%
14.9
-
Millions of yen
1,626
1,669
%
(2.6)
155.6
(Note) Comprehensive income:
Three months ended March 31, 2025:
¥
2,121 million [
10.4%]
Three months ended March 31, 2024:
¥
1,921 million [
126.6%]
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
March 31, 2025
134.07
-
March 31, 2024
131.10
-
Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
As of
March 31, 2025
December 31, 2024
Millions of yen
90,747
94,041
Millions of yen
27,214
25,651
%
30.0
27.3
(Reference) Equity: As of March 31, 2025:
¥
27,214 million
As of December 31, 2024:
¥
25,651 million
Dividends
Annual dividends
1st quarter-end
2nd quarter-end
3rd quarter-end
Year-end
Total
Fiscal year ended December 31, 2024
Fiscal year ending December 31, 2025
Yen
-
-
Yen
0.00
Yen
-
Yen
40.00
Yen
40.00
Fiscal year ending December 31, 2025
(Forecast)
0.00
-
40.00
40.00
(Note) Revision to the forecast for dividends announced most recently: None
Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2025(January 1, 2025 to December 31, 2025)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Six months ending June 30, 2025 Full year | Millions of yen 38,100 78,600 | % 6.2 3.1 | Millions of yen 5,500 12,000 | % 7.3 (2.5) | Millions of yen 5,500 11,700 | % (2.1) (7.3) | Millions of yen 3,700 8,000 | % (7.6) (12.4) | Yen 305.43 660.86 |
(Note) Revision to the financial results forecast announced most recently: | None | |
* Notes: | ||
(1) Significant changes in the scope of consolidation during the period: | None | |
Newly included: - (Company name: Excluded: - (Company name: | ) ) |
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares): March 31, 2025: 12,207,424 shares
December 31, 2024: 12,207,424 shares
Number of treasury shares at the end of the period:
March 31, 2025: 223,128 shares
December 31, 2024: 223,128 shares
Average number of shares outstanding during the period:
Three months ended March 31, 2025: 11,984,296 shares
Three months ended March 31, 2024: 11,985,136 shares
Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes(voluntary)
Proper use of earnings forecasts, and other special matters
Quarterly Consolidated Financial Statements Quarterly Consolidated Balance Sheets
(Millions of yen)
As of December 31, 2024
As of March 31, 2025
Assets
Current assets | ||
Cash and deposits | 14,456 | 11,699 |
Notes and accounts receivable - trade | 6,158 | 6,079 |
Merchandise and finished goods | 56 | 49 |
Work in process | 34 | 11 |
Raw materials and supplies | 481 | 355 |
Other | 2,520 | 2,105 |
Allowance for doubtful accounts | (4) | (4) |
Total current assets | 23,703 | 20,295 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 36,053 | 35,380 |
Tools, furniture and fixtures, net | 3,683 | 3,760 |
Land | 6,330 | 6,298 |
Construction in progress | 60 | 33 |
Golf courses | 2,501 | 2,501 |
Other, net | 817 | 811 |
Total property, plant and equipment | 49,447 | 48,787 |
Intangible assets | ||
Software | 333 | 316 |
Other | 226 | 303 |
Total intangible assets | 559 | 620 |
Investments and other assets | ||
Investment securities | 10,472 | 11,206 |
Guarantee deposits | 9,705 | 9,606 |
Deferred tax assets | 15 | 15 |
Other | 141 | 219 |
Allowance for doubtful accounts | (4) | (4) |
Total investments and other assets | 20,330 | 21,043 |
Total non-current assets | 70,338 | 70,451 |
Total assets | 94,041 | 90,747 |
(Millions of yen)
As of December 31, 2024
As of March 31, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade | 1,235 | 943 |
Short-term borrowings | 8,320 | 8,320 |
Current portion of long-term borrowings | 9,773 | 8,737 |
Income taxes payable | 1,260 | 884 |
Accrued consumption taxes | 1,624 | 861 |
Provision for bonuses | 349 | 751 |
Provision for loss on business withdrawal | 309 | 309 |
Provision for noncurrent assets removal cost | 119 | 119 |
Provision for loss on disaster | 172 | 62 |
Other | 8,052 | 7,127 |
Total current liabilities | 31,217 | 28,116 |
Non-current liabilities
Long-term borrowings 19,335 17,404
Provision for retirement benefits for directors (and other officers) | 83 | 91 |
Asset retirement obligations | 954 | 954 |
Deferred tax liabilities | 56 | 351 |
Retirement benefit liability | 6,367 | 6,220 |
Deposits received from members | 9,778 | 9,818 |
Other | 596 | 576 |
Total non-current liabilities | 37,172 | 35,417 |
Total liabilities | 68,389 | 63,533 |
Net assets | ||
Shareholders' equity | ||
Share capital | 100 | 100 |
Capital surplus | 14,067 | 14,067 |
Retained earnings | 9,955 | 11,022 |
Treasury shares | (911) | (911) |
Total shareholders' equity | 23,211 | 24,278 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,691 | 3,134 |
Deferred gains or losses on hedges | 8 | 16 |
Foreign currency translation adjustment | (372) | (324) |
Remeasurements of defined benefit plans | 112 | 110 |
Total accumulated other comprehensive income | 2,440 | 2,936 |
Total net assets | 25,651 | 27,214 |
Total liabilities and net assets | 94,041 | 90,747 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)
(Millions of yen)
For the three months ended March 31, 2024
For the three months ended March 31, 2025
Cost of sales
14,078
14,932
Selling, general and administrative expenses
849
878
Non-operating income
Dividend income
1
5
Rental income from land and buildings
19
25
Total non-operating income
242
64
Interest expenses
104
119
Other
17
33
Ordinary profit
2,177
2,500
Reversal of allowance for doubtful accounts
102
-
Other
1
-
Total extraordinary income 131 -
Gain on reversal of asset retirement obligations 27 -
Extraordinary income
Total non-operating expenses 121 517
Foreign exchange losses - 365
Non-operating expenses
Other 32 32
Foreign exchange gains 188 -
Interest income 1 1
Operating profit 2,056 2,954
Gross profit 2,906 3,832
Net sales 16,985 18,765
Extraordinary losses
Provision for loss on business withdrawal | 367 | - |
Total extraordinary losses | 367 | - |
Profit before income taxes | 1,940 | 2,500 |
Income taxes | 271 | 874 |
Profit | 1,669 | 1,626 |
Profit attributable to owners of parent | 1,669 | 1,626 |