Izu Shaboten Resort Co.,Ltd
6819・Standard Market・Services
Business
Izu Shaboten Resort Co., Ltd. is a leisure conglomerate operating as a holding company with 3 consolidated subsidiaries and 1 equity-method affiliate. In its core Leisure Business, the company operates multiple parks across the Izu Peninsula, including Izu Shaboten Zoo, welcoming approximately 2.4 million visitors annually. In the Ani-Touch Business, the company operates 6 urban animal interaction facilities nationwide, while the Hotel Business operates glamping facilities and hotels based in Izu Kogen. Targeting domestic and international tourists and families as its main customers, the company provides experience-based tourism combining leisure, accommodation, and merchandise sales.
Business Model
Of net sales of ¥5,592 million, the Leisure Business accounted for ¥3,662 million (65%), the Ani-Touch Business for ¥1,226 million (22%), and the Hotel Business for ¥703 million (13%). The Leisure Business is centered on admission fees, merchandise, and event revenue, while the Ani-Touch Business generates revenue from animal interaction experience fees at commercial facilities, boasting a high-margin model with a profit margin of 27.8%. The group creates synergies through cross-referral of customers among its facilities, and manages the effectiveness of capital investment using EBITDA as a key management indicator.
Company Strengths
Izu Shaboten Zoo, Izu Granpal Park, Izu Kogen Gran Illumi, glamping facilities, and hotels are concentrated on the Izu Peninsula, accepting approximately 2.4 million visitors annually across the group as a whole. Through mutual customer referrals between facilities combined with seasonal events, the company achieves year-round customer traffic, forming a customer acquisition base of a scale unattainable by a single facility.
The Ani-Touch Business achieved net sales of ¥1,226 million, segment profit of ¥341 million, and a profit margin of 27.8% in FY2026 (ending March 2026). The urban commercial facility-based store model carries relatively low fixed costs; even as visitor numbers declined by 39 thousand year on year, profit increased 5.1% year on year, with profitability improving, demonstrating enhanced cost management.
At the end of FY2026 (ending March 2026), the equity ratio stood at 81.2% (79.0% in the previous fiscal year), with net assets of ¥6,342 million and cash and cash equivalents of ¥2,356 million. Total liabilities remained low at ¥1,457 million, and the company consistently generated operating cash flow of ¥1,310 million, providing the financial capacity to fund capital expenditures and new store openings with its own funds.
ENVALITH's Perspective
Performance Trend
Revenue achieved five consecutive years of growth, rising from ¥2,407 million in FY2022 (ended March 2022) to ¥5,592 million in FY2026 (ending March 2026), but the growth rate slowed sharply from 18.1% in the previous period to 1.9%. Operating profit fell 2.0% year on year to ¥1,167 million, and net profit declined 7.4% year on year to ¥840 million, with all major profit indicators falling below the previous period's levels. The main causes were a decrease in visitor numbers (down 56 thousand in the Leisure Business and down 39 thousand in the Ani-Touch Business) and cost increases due to rising personnel expenses. As an external factor, price inflation may have affected personal consumption. For FY2027 (ending March 2027), the company forecasts revenue of ¥6,000 million and operating profit of ¥1,350 million (up 15.7% year on year), anticipating a V-shaped recovery.
Growth Strategy
A three-pronged strategy centered on nationwide expansion of Ani-Touch to 12 stores, strengthening of leisure facilities, and deepening of group synergies
The company aims to double its store count from the current 6 to 12 by FY2029 (ending March 2029). Priority will be given to opening stores at favorable urban commercial locations, expanding its high-margin (27.8%) business model horizontally to broaden the group's overall earnings base. In FY2026 (ending March 2026), no new store openings materialized, and progress is behind plan.
The company plans to expand the savanna area at Izu Shaboten Zoo to improve satisfaction among both domestic and international visitors. It is also advancing the development of new tourism hubs, including Parks across the Izu Peninsula, including Jogasaki Coast, to strengthen visitor attraction across the group. In FY2026 (ending March 2026), the number of visitors declined by 56 thousand year on year to 1,585 thousand, making recovery through facility enhancement an urgent priority.
The company aims to improve accommodation occupancy rates through thorough promotion of the increased room count at SKY HILL HOTEL Izu Kogen and by strengthening collaboration between its glamping facilities and Izu Shaboten Zoo and Izu Kogen Gran Illumi. Segment profit in FY2026 (ending March 2026) deteriorated sharply, down 62.0% year on year to ¥24 million, making profit improvement an urgent priority.
The annual dividend for FY2026 (ending March 2026) was ¥20 per share (up 33% from ¥15 in the previous period), with a payout ratio of 44.0%. For FY2027 (ending March 2027), the company plans to maintain the dividend at ¥20 per share (projected payout ratio of 37.9%). The company continues to maintain a policy of increasing dividends in line with profit growth, and the dividend-to-net-assets ratio rose to 6.1%.
Last updated: July 19, 2026