(E04634) Stock Price

Sagamihara Golf Club is a membership-based golf club operating golf courses as its primary business in Kanagawa Prefecture. The company provides golf course usage services to members and their accompanying guests, and also operates an in-house dining facility.

The company's customers consist primarily of members who are also shareholders, divided into two categories: regular members and weekday-only members. Revenue comes from annual membership fees (regular members ¥120,000, weekday members ¥90,000), green fees (¥2,000 per day for members), and name transfer fees when membership rights are transferred (¥3,000,000 for regular members, ¥2,400,000 for weekday members). Upon new membership, the company collects deposits of ¥6,000,000 for regular members and ¥4,800,000 for weekday members.

By revenue composition, golf course operations account for 84.6% as the core business. Dining facility operations represent 15.0%, and other operations 0.4%, reflecting a business structure focused on golf course management.

Sagamihara Golf Club operates under the management philosophy of realizing "a prestigious, member-centered golf club where members can enjoy a fulfilling and enriching club life." The company is advancing a medium to long-term growth strategy. In fiscal year 2024, annual visitors reached 63,747, slightly below the previous year due to adverse weather conditions, but the company maintained solid performance backed by steady golf demand. Starting in fiscal year 2025, the company will implement membership fee revisions, clearly demonstrating its policy to strengthen its financial foundation over the medium term.

The company's priority investment areas are concentrated on expanding play opportunities and improving service quality. In response to strong booking conditions, the company has positioned the development of play opportunities that address diversifying golf demand and the enhancement of service capacity as its top priority. In addition to continuous improvements to the course and dining facilities, the company is pursuing a differentiation strategy through planned maintenance and upgrades of facilities and equipment. Through these initiatives, the company aims to provide members with the finest golf club experience.

From a new market development perspective, the company views the Japan Senior Open scheduled for autumn 2025 as an important opportunity. The company plans to leverage this tournament to the fullest to promote the club's appeal and enhance its brand value. The company is refining operational approaches to provide ample high-quality play opportunities, pursuing a strategy to further strengthen its position as a membership-based golf club.

Regarding operational efficiency, the company is implementing appropriate price adjustments in response to rising labor and raw material costs, while carefully monitoring market trends to maintain profitability. Through planned improvement activities with clear priorities, the company is building a sustainable growth foundation and is pursuing a management strategy worthy of investor attention.