GREENLAND RESORT COMPANY LIMITED
9656・Standard Market・Services
Amusement Park Business
The Group's largest segment, operating amusement parks and ski resorts in Kyushu and Hokkaido
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (Q1 FY2026, ending March 2026) | ¥565 million | ¥574 million (Q1 FY2025, ending March 2025) | ↓ |
| Segment operating profit (Q1 FY2026, ending March 2026) | ¥95 million | ¥121 million (Q1 FY2025, ending March 2025) | ↓ |
| Segment operating margin (Q1 FY2026, ending March 2026) | 16.8% | 21.0% (Q1 FY2025, ending March 2025) | ↓ |
| Segment sales (full year results) | ¥2,861 million (full-year FY2025, ending March 2025) | － | — |
| Segment operating profit (full year results) | ¥766 million (full-year FY2025, ending March 2025) | － | — |
Business Details
Operates 'Greenland' (Kyushu) in Kumamoto, 'Hokkaido Greenland Amusement Park' and 'Hokkaido Greenland White Park (Ski Resort)' in Hokkaido, and 'Iwamizawa Park (Designated Management)', for which the company is designated administrator by Iwamizawa City. As the core segment accounting for approximately 42% of Group sales, it seeks to attract visitors across a broad range of generations, centered on families, through diverse seasonal events, new attraction introductions, and water park operations.
Recent Overview
Poor performance at the ski resort due to snow shortage weighed on results; Q1 segment sales fell 1.7% year on year
In the first quarter of FY2026 (ending March 2026), Greenland (Kyushu) held a variety of events as part of its 60th-anniversary commemorative program, introduced a new state-of-the-art XR attraction, and renewed two attraction units and one dining outlet. Sales increased following a related pricing revision. Meanwhile, the Hokkaido ski resort was forced to begin operations only in January and close in late February due to a severe snow shortage, resulting in decreased visitor numbers and sales. As a result, segment sales were ¥565 million (down ¥9 million, or -1.7%, year on year), and segment operating profit was ¥95 million (down ¥26 million year on year).
Key Products
Growth Drivers
- Commemorative events and enhanced visitor attraction tied to Greenland (Kyushu)'s 60th anniversary (2026)
- Enhanced facility appeal through the introduction of the latest XR attraction and renewal of attractions and dining outlets
- Increased per-customer spending and expanded revenue through pricing revisions such as attraction free passes
- Capturing inbound demand from foreign visitors amid sustained high levels of inbound tourism
- Strengthened information dissemination and greater brand awareness through the establishment of an SNS project team
Risks
- Weather risk: shortened ski resort operations due to insufficient snowfall in Hokkaido (severe impact continued in Q1 FY2026 as well, with operations starting in January and closing in late February)
- Reduced visitor numbers due to intense heat in Kyushu and rainy weather during Golden Week
- Upward pressure on costs and labor expenses due to inflation (rising labor costs, consumable expenses, and maintenance costs squeezed operating profit)
- Intensifying competition for customers amid diversification of competing leisure facilities and activities
- Risk of increased borrowings and rising interest rates associated with expanded capital expenditure
Last updated: March 26, 2026