Nippon Ski Resort Development Co (6040) Q3 2025 earnings summary

Executive summary

• Achieved record-high revenue and operating profit for the third quarter cumulative period, driven by strong inbound demand and successful diversification into green season activities.

• Both winter and green seasons saw record visitor numbers, with inbound visitors up 39.4% year-over-year and total winter visitors up 10.6%.

• Expanded real estate business contributed to sales, with notable property sales in the Hakuba area.

Financial highlights

• Revenue: ¥9,159 million, up 25.2% year-over-year.

• Operating profit: ¥2,846 million, up 43.2% year-over-year.

• Ordinary profit: ¥2,839 million, up 43.3% year-over-year.

• Net income attributable to parent: ¥1,911 million, up 38.3% year-over-year.

• EPS (after stock split): ¥41.81, up from ¥30.35 year-over-year.

• Comprehensive income: ¥2,088 million, up 37.5% year-over-year.

Outlook and guidance

• Full-year revenue forecast revised to ¥10,170 million, up 23.3% year-over-year.

• Operating profit forecast at ¥2,846 million, up 35.3% year-over-year.

• Net income forecast at ¥1,460 million, up 33.5% year-over-year.

• EPS forecast (post-split): ¥31.94.