Sustained ProfitabilityThe company reported positive net income each year from 2022–2025, indicating an underlying return to profitable operations after prior disruption. Multi-year profitability supports internally funded operations, reduces insolvency risk, and provides a base for reinvestment or shareholder distributions over the medium term.

Solid Operating & EBITDA MarginsMaintaining ~11% operating and ~17% EBITDA margins in 2025 shows the core resort business retains structural profitability and some pricing or cost control. Durable margins provide a buffer versus top-line volatility, supporting margin sustainability and the ability to generate operating earnings through business cycles.

Moderate Leverage & Equity BaseLeverage at approximately 0.6x equity, improved from earlier periods, leaves room to absorb shocks and access additional financing if needed. A sizable equity base enhances balance-sheet resilience, lowering default risk and preserving strategic flexibility for capex or restructuring over the next several quarters.

Bears Say

Sharp Revenue DeclineA roughly 43% year-over-year revenue drop in 2025 materially weakens the business's top-line foundation. Large revenue swings strain fixed-cost absorption, increase earnings volatility, and can persist if demand or market positioning worsens, threatening medium-term cash generation and recovery timelines.

Negative Free Cash FlowFree cash flow swung to negative in 2025 even though net income stayed positive, signalling poor cash conversion. Persistent negative FCF elevates funding risk, may force external borrowing or asset sales, and limits capacity for capital spending or dividends unless cash generation normalizes.

Low Returns On EquityMid-single-digit ROE over multiple years suggests the balance sheet is not being converted into strong shareholder returns. This structural weakness points to low asset efficiency or pricing power, making it harder to compound equity value and attract long-term investors seeking higher returns.

9656 FAQ

What was Greenland Resort Company Limited’s price range in the past 12 months?

Greenland Resort Company Limited lowest stock price was ¥580.00 and its highest was ¥655.00 in the past 12 months.

What is Greenland Resort Company Limited’s market cap?

Greenland Resort Company Limited’s market cap is ¥6.24B.

When is Greenland Resort Company Limited’s upcoming earnings report date?

Greenland Resort Company Limited’s upcoming earnings report date is May 13, 2026 which is in 66 days.

How were Greenland Resort Company Limited’s earnings last quarter?

Greenland Resort Company Limited released its earnings results on Feb 13, 2026. The company reported ¥12.67 earnings per share for the quarter, beating the consensus estimate of N/A by ¥12.67.

Is Greenland Resort Company Limited overvalued?

According to Wall Street analysts Greenland Resort Company Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Greenland Resort Company Limited pay dividends?

Greenland Resort Company Limited pays a Semiannually dividend of ¥9 which represents an annual dividend yield of 2.41%. See more information on Greenland Resort Company Limited dividends here

What is Greenland Resort Company Limited’s EPS estimate?

Greenland Resort Company Limited’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Greenland Resort Company Limited have?

Greenland Resort Company Limited has 10,346,683 shares outstanding.

What happened to Greenland Resort Company Limited’s price movement after its last earnings report?

Greenland Resort Company Limited reported an EPS of ¥12.67 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.165%.

Which hedge fund is a major shareholder of Greenland Resort Company Limited?

Currently, no hedge funds are holding shares in JP:9656

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Greenland Resort Company Limited

Greenland Resort Company Limited engages in the tourism and hotel businesses in Japan. The company manages amusement parks, golf courses, and sports facilities. It is also involved in restaurant management and real estate businesses. The company was formerly known as Greenland Co., Ltd. and changed its name to Greenland Resort Company Limited in July 2006. Greenland Resort Company Limited was founded in 1964 and is headquartered in Arao, Japan.