Nippon Ski Resort Development, Co.,Ltd.
6040・Growth Market・Services
Governance
Company with a Board of Corporate Auditors. The Board of Directors consists of 7 directors (including 3 outside directors, an outside ratio of approximately 43%), and there are 3 corporate auditors (including 2 outside corporate auditors). A voluntary Nomination Committee and Compensation Committee have been established, each composed of 5 members including 3 outside directors. The Board of Directors met 13 times per year, with all members maintaining a high attendance rate.
Risk Management
The Board of Directors deliberates and decides on basic risk management policies and individual matters, comprehensively and centrally managing risks across the group. In the event of an emergency, a response headquarters headed by the Representative Director and President is established, with a system in place to respond promptly with advice from legal counsel and others. As risks specific to the ski resort business, the company recognizes rope-way safety measures, weather (warm winters, heavy snowfall), infectious diseases, and rising energy prices as key risks, and is promoting risk diversification through investment in snowmaking machines and expansion of the Green Season Business.
Shareholder Returns
For FY2026 (ending July 2026), an interim dividend of ¥1.50 has already been paid, and a year-end dividend of ¥3.50 is planned, bringing the annual total to ¥5.00 (an increase from ¥3.50 in the prior fiscal year). No numerical payout ratio target has been disclosed. Share buybacks are permitted under the Articles of Incorporation.
Dividend Policy
The company's policy is to continue paying stable dividends while securing internal reserves to strengthen its financial position and support future business development. Following the historically warm winter with low snowfall in FY2016 (ended July 2016), dividends were suspended, but were resumed from FY2021 (ended July 2021). The basic policy is to pay a year-end dividend once per year, though interim dividends are also permitted under the Articles of Incorporation. Recent dividend history: ¥152 million resolved in October 2024 (¥10.00 per share), ¥161 million resolved in October 2025 (¥3.50 per share, post stock split), and an interim dividend of ¥69 million (¥1.50 per share) resolved by the Board of Directors in January 2026. The annual dividend forecast for FY2026 (ending July 2026) is ¥5.00 per share (interim ¥1.50 + year-end ¥3.50).
ESG
The company is building a data collection infrastructure to grasp CO2 emissions, and plans to set specific reduction targets in the future. In terms of human capital, it is promoting the recruitment, development, and engagement enhancement of diverse personnel, disclosing a female manager ratio of 11.8% and a male childcare leave uptake rate of 50.0%. A framework has been established in which the Board of Directors oversees important sustainability matters.
Last updated: October 22, 2025