(E04654) Stock Price

Mio Golf Club is a real estate company whose primary business is leasing leisure facilities such as golf courses and ski resorts. The company owns a 36-hole golf course and clubhouse in Miyoshi City, Aichi Prefecture, and operates a ski resort in Shokawa Town, Takayama City, Gifu Prefecture. It generates stable revenue by leasing these facilities to operating companies under long-term agreements.

The company's main customers are two facility operating companies: Miyoshi Country Club and Shokawa Kogen Country Club. Revenue is primarily derived from facility rental income, characterized by stable cash flow from long-term contracts.

The business consists of three segments: leasing operations, real estate sales operations, and ski lift operations. The leasing segment handles rentals of the golf course and ski resort mentioned above. The real estate sales segment manages the sale and maintenance of vacation home lots in Shokawa Town. The ski lift segment directly operates lifts at the company's ski resort, serving as a winter revenue source.

Mio Golf Club pursues stable revenue through a real estate rental-focused business model. The company positions the full-facility lease of its golf course to Mio Country Club as its core business, with the maintenance and improvement of long-term rental income as a key management metric. While the company has not set specific numerical targets, it emphasizes a management policy focused on securing appropriate sales and profit levels that enable continuous capital investment in golf course facility maintenance and upkeep.

In priority investment areas, the company concentrates on golf course improvements and enhancements to clubhouse comfort and safety. Facing intensifying competition in the golf industry, Mio Golf Club pursues differentiation through continuous improvement of facilities and courses. These investments support the competitive strength of Mio Country Club, its rental tenant, thereby securing stable rental income as part of its overall strategy.

Regarding the operating environment, the company recognizes ongoing uncertainty stemming from geopolitical tensions, rising resource and energy prices, and inflation. To address these external changes, the company has identified strengthening its financial foundation as a priority, with particular emphasis on building internal reserves to prepare for unforeseen natural disasters. The company aims to ensure long-term business continuity by creating an environment where its rental tenant can operate safely, comfortably, and smoothly.