“Sanctuary Court Nikko Japanese Modern Resort” （Opening on February 27, 2026）
*The pictures above are conceptional drawings and for illustrative purposes only.
Resorttrust, Inc. （Securities code 4681）
3Q FY2025 Financial Summary3Q FY2025 Financial Summary RESORTTRUST GROUPMembership sales: Contract volume for the nine-month period reached a record high for
the five consecutive year.
3Q FY2025: Contract Values of Membership101.5 billion yen: Total for Hotel, Medical, and Golf
・Hotel membership contract value totaled 94.0 billion yen, surpassing the record high attained for the same period of the previous Fiscal year by approximately 15%.
・New sales properties remained strong with sales centered on the SANCTUARY COURT series.
* SANCTUARY COURT KANAZAWA (Started Membership Sales in March): 49.8 billion yen, SANCTUARY COURT AWAJISHIMA (Started Membership Sales in June): 24.6 billion yen
・Medical membership contract value was 7.0 billion yen, also representing record-high sales for the nine-month period.
・Core consolidated results, excluding the impact of real estate revenue deferrals, hit record highs for the nine-month period with growth in both
sales and profit.
Performance for the nine-month period outpaces the full-year forecast announced in
November.
3Q FY2025: Consolidated Net sales 168.8 billion yen and Consolidated Operating income of 19.8 billion yen
・Although actual results temporarily fell below the previous fiscal year due to the effects of recording one-time revenue from the opening of SANCTUARY COURT BIWAKO in the same period of the previous fiscal year, actual business activities and income outpaced the revised targets.
・Continuing from the first half of the fiscal year, Hotel Operations saw a significant increase in income compared to the same period of the previous fiscal year, as occupancy and unit prices exceeded the previous period, and profitability improved.
・In Medical Operations, medical membership sales were extremely strong due to the sales of the new location, HIMEDIC Yokohama Bay Course. According to revenue recognition standards, sales revenue is deferred, hence making only a limited contribution to performance. Sales cost, on the other hand, is reflected upfront in the total contract value, thus also becoming a factor in the one-time decrease in segment income for the quarter. However, it improved the certainty of the trend of increasing income.
Full-year forecasts, as announced in the upward revisions of November 2025, expect
increases in both sales and income for the fourth consecutive year*,
and record highs in net sales and all income items.
*Only net income for the second consecutive year
Full-year consolidated earnings forecast: Consolidated Net sales of 260.0 billion yen and Consolidated Operating income of 29.0 billion yen
・In addition to continued strong performance in sales, the company expects to record revenue resulting from the opening of SANCTUARY
COURT NIKKO in 4Q*. *8 billion yen revenue
All three operations are expected to remain stable, and the company expects to reach new record highs in consolidated net sales, operating income,
Since income from the opening of a major hotel will be recorded in the 4Q of the current fiscal year, whereas it was recorded in the 3Q of the previous fiscal year, the decreases in both sales and income accounted for as of the end of the nine-month period (snapshot) were expected.No negative elements toward achieving the full-year increase in both sales and income, and revised targets.
(billion yen)
*FY2025 is a forecast
FY2024 3Q
Biwako Opened
Deferred realized
*Stand-alone 4Q results are projected to substantially outperform the same period last year.
Nikko Open Deferred realize
FY2025 3Q
*Cumulative 3Q earnings are expected to surpass the revised plan.
“Sanctuary Court Biwako” （Opened in October 2024） “Sanctuary Court Nikko” （Opening in February 2026）
3Q FY2025 Financial Summary
Full-Year Forecast: Growth in Both Sales and Profit
RESORTTRUST GROUP
Progress of Hotel Membership Sales in Stages
RESORTTRUST GROUP
【Trends in hotel contract volume (by quarter)】・・・The hotel contract volume has been in a new incremental stage since FY2021,
and the base volume further increased from the previous period.
(Changes in graph color over time indicate progress of the sales in stages)
（billion yen）
the COVID-19
crisis
「Kanazawa」
Start selling
Membership
*The effect of the sales will mostly be recorded in the next 1Q.
23.5
29.3
「Nikko」
Start selling
membership 「Yatsugatake」
Start selling membership
26.6
4Q
「Yokohama」
Start selling membership
3Q
33.6
「Awajish
2Q
「Laguna」
Start selling membership
1Q
「Takayama」
Start selling membership
29.7
ima」
「Biwako」
Start selling membership
25.7
Start selling
Membership
*The effect of the sales will mostly be recorded in the 2Q.
31.1
120
1Q 2Q 3Q 4Q
*forecast
Quarterly Actuals
*bottom right
100
80
60
40
20
0
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
(4Q is a forecast)
Level-up by revitalizing sales of existing properties and effects of price hikes
Development of the SANCTUARY COURT series and cultivation of corporate demand
Revaluation of “membership” and acceleration of digital use during the COVID-19 crisis
1