Ano Kaisha no Shikumi
Search
Menu

松山観光ゴルフ

松山観光ゴルフ株式会社

Company highlights

The largest segment by revenue is Golf course business, at 80.4% of the total.

Key figures

Period Jan 2025 to Dec 2025Parent onlyJapanese GAAP

RevenueDisclosed ¥0.3B
Operating marginCalculated 8.8%
Net assets to total assetsCalculated 52.6%

Company profile

No securities code (not listed) / EDINET code E04652 / Services / Fiscal year end December 31

東温市松瀬川乙９９７／Capital stock ¥353 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Jan 2025 to Dec 2025) · filed 2026-03-27

Profitability ★★★★☆position among all companies 8.8%
Growth (revenue, 4-year average) ★☆☆☆☆position among all companies -0.9%
Capital efficiency ★☆☆☆☆position among all companies 2.4%

Business activities and revenue composition

松山観光ゴルフ

Revenue and profit by business segment

Period Jan 2025 to Dec 2025Source Annual securities reportsParent only・Disclosed

SalesProfit Golf course…Golf course business Sales 80.4% 80% Profit 38.3% 38% Photovoltai…Photovoltaic power generation business Sales 19.6% 20% Profit 61.7% 62%
BusinessNet sales to external customers Ordinary income
This yearShareLast year This yearShareMarginLast year
Golf course business ¥0.2 billion 80.4% ¥0.2 billion ¥10.20 million 38.3% 4.4% ¥15.40 million
Photovoltaic power generation business ¥56.35 million 19.6% ¥62.39 million ¥16.42 million 61.7% 29.1% ¥21.94 million
Total of the businesses ¥0.3 billion100.0% ¥26.62 million 100.0%

Revenue and profit

松山観光ゴルフ

Period Jan 2025 to Dec 2025Source Annual securities reports

Net sales and operating revenue ¥0.3B　100% Cost of sales ¥0.1B　36% Selling, general and administrative expenses ¥0.2B　55% Operating income ¥0.0B　9%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Depreciation ¥37.64 million Parent only
Salaries and allowances ¥24.44 million Parent only
Commission fees ¥23.53 million Parent only
Utilities expenses ¥17.07 million Parent only
Promotion expenses ¥7.78 million Parent only
Directors' compensations ¥5.40 million Parent only
Legal welfare expenses ¥5.23 million Parent only
Repair expenses ¥3.50 million Parent only
Employees' bonuses ¥3.39 million Parent only
Supplies expenses ¥2.20 million Parent only
Book and printing expenses ¥1.97 million Parent only
Communication expenses ¥1.75 million Parent only
Advertising expenses ¥1.66 million Parent only
Rent expenses ¥1.09 million Parent only
Conference expenses ¥0.79 million Parent only
Miscellaneous expenses ¥0.71 million Parent only
Office supplies expenses ¥0.51 million Parent only
Provision of allowance for doubtful accounts ¥0.27 million Parent only
Retirement benefit expenses ¥0.20 million Parent only
Profit by stage Gross profit (loss) ¥0.2 billion Parent only
Ordinary income ¥26.62 million Parent only
Operating income ¥25.35 million Parent only

松山観光ゴルフ

Selling, general and administrative expenses

Period Jan 2025 to Dec 2025Source Annual securities reports

Depreciation ¥0.0 billion (23.9%)24%Salaries and allowances ¥0.0 billion (15.5%)15%Commission fees ¥0.0 billion (14.9%)15%Utilities expenses ¥0.0 billion (10.8%)11%Promotion expenses ¥0.0 billion (4.9%)Directors' compensations ¥0.0 billion (3.4%)Other (not itemized) ¥0.0 billion (26.5%)27%¥0.2B
  • Depreciation　¥0.0 billion
  • Salaries and allowances　¥0.0 billion
  • Commission fees　¥0.0 billion
  • Utilities expenses　¥0.0 billion
  • Promotion expenses　¥0.0 billion
  • Directors' compensations　¥0.0 billion
  • Other (not itemized)　¥0.0 billion

Performance, financial position and capital allocation

Finance
52.6% Net assets to total assets Industry median 55.2% FY ending 12/2025 · consolidated / calculated
¥222,706.18 Net assets per share
¥1.3 billion Total assets
Capital allocation
243.6% Cash conversion Industry median 106.7% FY ending 12/2025 · consolidated / calculated

Long-term changes in performance

Period 2012 to 2025Disclosed

Revenue ×1.28 from 2012 to 2025

松山観光ゴルフ

Long-term revenue, profit and asset trends

Period 2012 to 2025Source Annual securities reportsDisclosed

Mark on the chart
0 0 0 -0 2012 2014 2016 2018 2020 2022 2024 2025 Net sales and operating revenue Ordinary income 2013　Ordinary income (loss) as a share of revenue +9.5 points, Ordinary income (loss) loss to profit 2015　Ordinary income (loss) as a share of revenue -2.7 points, Ordinary income (loss) profit to loss 2016　Ordinary income (loss) as a share of revenue +3.6 points, Ordinary income (loss) loss to profit 2017　Ordinary income (loss) as a share of revenue +6.4 points 2018　Ordinary income (loss) as a share of revenue -5.2 points 2019　Ordinary income (loss) as a share of revenue +5.7 points 2020　Ordinary income (loss) as a share of revenue -2.3 points 2021　Ordinary income (loss) as a share of revenue +4.7 points 2024　Ordinary income (loss) as a share of revenue +2.3 points 2025　Ordinary income (loss) as a share of revenue -3.6 points 0Latest value 2025 0¥ billion 0Highest in the period shown 2021 0¥ billion 0Lowest in the period shown 2012 0¥ billion ¥ billion

松山観光ゴルフ

Recent performance trends

Source Annual securities reports

0 0 0 0 4 years ago 3 years ago 2 years ago Last year This year Net sales and operating revenue Ordinary income ¥ billion

Year-on-year comparison

Period 2012 to 2025Disclosed

Item20212022202320242025
Net sales ¥0.3B ¥0.3B ¥0.3B ¥0.3B ¥0.3B
Year on year (%) +6.9% -2.9% -0.9% +0.8% -0.7%
Ordinary income (loss) ¥0.0B ¥0.0B ¥0.0B ¥0.0B ¥0.0B
Change from prior year +89.5% -16.3% +13.6% +22.1% -28.7%
Ordinary income (loss) as a share of Net sales 10.8% 9.3% 10.7% 12.9% 9.3%
Change (percentage points) +4.7 points◆ -1.5 points +1.4 points +2.3 points◆ -3.6 points◆

Fiscal periods marked for changes

Earlier fiscal periods (7)
  • 2013Ordinary income (loss) as a share of revenue +9.5 points, Ordinary income (loss) loss to profit
  • 2015Ordinary income (loss) as a share of revenue -2.7 points, Ordinary income (loss) profit to loss
  • 2016Ordinary income (loss) as a share of revenue +3.6 points, Ordinary income (loss) loss to profit
  • 2017Ordinary income (loss) as a share of revenue +6.4 points
  • 2018Ordinary income (loss) as a share of revenue -5.2 points
  • 2019Ordinary income (loss) as a share of revenue +5.7 points
  • 2020Ordinary income (loss) as a share of revenue -2.3 points
  • 2021Ordinary income (loss) as a share of revenue +4.7 points
  • 2024Ordinary income (loss) as a share of revenue +2.3 points
  • 2025Ordinary income (loss) as a share of revenue -3.6 points

松山観光ゴルフ

Earnings and net assets per share over time

Unit yenSource Annual securities reports

9,517 6,344 3,172 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 222,706 148,471 74,235 -0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

松山観光ゴルフ

Return on equity over time

Unit %Source Annual securities reports

5 3 2 0 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Parent only indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥0.3 billion ¥0.3 billion ¥0.3 billion ¥0.3 billion ¥0.3 billion
Ordinary income (loss) ¥32.16 million ¥26.91 million ¥30.58 million ¥37.34 million ¥26.62 million
Net income (loss) ¥29.43 million ¥19.91 million ¥20.95 million ¥24.36 million ¥16.67 million
Capital stock ¥0.4 billion ¥0.4 billion ¥0.4 billion ¥0.4 billion ¥0.4 billion
Total number of issued shares (common stock) 3,093 shares 3,093 shares 3,093 shares 3,093 shares 3,093 shares
Net assets ¥0.6 billion ¥0.6 billion ¥0.6 billion ¥0.7 billion ¥0.7 billion
Total assets ¥1.4 billion ¥1.4 billion ¥1.4 billion ¥1.3 billion ¥1.3 billion
Net assets per share 196,232.87 yen 202,668.56 yen 209,441.78 yen 217,316.47 yen 222,706.18 yen
Basic earnings (loss) per share 9,516.59 yen 6,435.69 yen 6,773.22 yen 7,874.69 yen 5,389.71 yen
Equity-to-asset ratio 42.1% 44.8% 47.4% 49.8% 52.5%
Return on equity 4.9% 3.2% 3.2% 3.6% 2.4%
Net cash provided by (used in) operating activities ¥91.70 million ¥78.82 million ¥82.21 million ¥84.77 million ¥61.53 million
Net cash provided by (used in) investing activities ¥-1.74 million ¥-2.98 million ¥-11.40 million ¥-11.44 million ¥-13.16 million
Net cash provided by (used in) financing activities ¥-67.09 million ¥-67.80 million ¥-60.99 million ¥-58.03 million ¥-56.10 million
Cash and cash equivalents ¥62.30 million ¥70.34 million ¥80.15 million ¥95.45 million ¥87.72 million

Revenue scale in the same industry

松山観光ゴルフ

Source Annual securities reports of each company

Services: 671 companies · revenue · largest first・each company’s latest fiscal year・consolidated (parent-only where no consolidated figures)・Disclosed

Workforce information

Source: Annual Securities Report (Jan 2025 to Dec 2025)Parent-onlyDisclosed

21 Employees (parent only) Industry median 130
Could not be retrieved Average age Industry median 38.8
Could not be retrieved Average length of service Industry median 6.6 years
Could not be retrieved Average annual salary Industry median ¥5.89 million
People and organisation
13.7¥ million Sales per employee Industry median 24.2¥ million FY ending 12/2025 · parent company only / calculated
¥1.21 million Operating income per employee
10 Average temporary staff

Audit and disclosure information

Annual securities report, year ended 2025-12-31Disclosed

ItemValue
Audit firm 水野公認会計士事務所
Going concern note Cannot be determined
Accounting standard Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (15 items)

ItemValueConsolidated / Non-consolidated
Net cash provided by (used in) operating activities ¥61.53 million Parent only
Net sales ¥0.3 billion Parent only
Net income (loss) ¥16.67 million Parent only
Net cash provided by (used in) investing activities ¥-13.16 million Parent only
Cash and cash equivalents ¥87.72 million Parent only
Total number of issued shares (common stock) 3,093 shares Parent only
Net assets ¥0.7 billion Parent only
Ordinary income (loss) ¥26.62 million Parent only
Total assets ¥1.3 billion Parent only
Return on equity 2.4% Parent only
Equity-to-asset ratio 52.5% Parent only
Net cash provided by (used in) financing activities ¥-56.10 million Parent only
Capital stock ¥0.4 billion Parent only
Basic earnings (loss) per share 5,389.71 yen Parent only
Net assets per share 222,706.18 yen Parent only

Employees (1 items)

ItemValueConsolidated / Non-consolidated
Number of employees 21 people Parent only

Other disclosed items (4 items)

ItemValueConsolidated / Non-consolidated
Net sales to external customers ¥0.3 billion Parent only
Average number of temporary employees 10 people Parent only
Increase in property plant and equipment and intangible assets ¥20.96 million Parent only
Depreciation ¥54.55 million Parent only

Shares (2 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 238 shares Consolidated
Shareholding ratio 7.6% Consolidated

Balance sheet (74 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.62 million Parent only
Other retained earnings ¥0.2 billion Parent only
Other capital surplus ¥4.28 million Parent only
Golf courses ¥0.2 billion Parent only
Software ¥0.27 million Parent only
Lease obligations ¥27.55 million Parent only
Lease obligations ¥12.90 million Parent only
Lease assets ¥0.2 billion Parent only
Lease assets, net ¥36.74 million Parent only
Deposits received from members ¥0.4 billion Parent only
Investments in capital ¥0.06 million Parent only
General reserve ¥0.1 billion Parent only
Retained earnings ¥0.2 billion Parent only
Legal retained earnings ¥12.00 million Parent only
Unearned revenue ¥38.59 million Parent only
Prepaid expenses ¥1.84 million Parent only
Merchandise ¥0.15 million Parent only
Non-current liabilities ¥0.5 billion Parent only
Non-current assets ¥1.2 billion Parent only
Land ¥0.6 billion Parent only
Contract liabilities ¥38.25 million Parent only
Tools, furniture and fixtures ¥47.19 million Parent only
Tools, furniture and fixtures ¥5.91 million Parent only
Guarantee deposits ¥0.19 million Parent only
Buildings ¥0.4 billion Parent only
Buildings, net ¥0.1 billion Parent only
Investments and other assets ¥9.14 million Parent only
Property, plant and equipment ¥1.2 billion Parent only
Accounts receivable - other ¥19.05 million Parent only
Income taxes payable ¥4.29 million Parent only
Accrued consumption taxes ¥3.08 million Parent only
Accrued expenses ¥4.86 million Parent only
Accounts payable - other ¥18.82 million Parent only
Shareholders' equity ¥0.7 billion Parent only
Structures ¥0.4 billion Parent only
Structures, net ¥70.69 million Parent only
Machinery and equipment ¥0.5 billion Parent only
Machinery and equipment, net ¥0.1 billion Parent only
Current liabilities ¥0.1 billion Parent only
Current assets ¥0.1 billion Parent only
Accumulated depreciation ¥-0.2 billion Parent only
Accumulated depreciation ¥-41.28 million Parent only
Accumulated depreciation ¥-0.3 billion Parent only
Accumulated depreciation ¥-0.3 billion Parent only
Accumulated depreciation ¥-0.4 billion Parent only
Accumulated depreciation ¥-77.14 million Parent only
Intangible assets ¥0.55 million Parent only
Cash and cash equivalents ¥87.72 million Parent only
Cash and deposits ¥88.47 million Parent only
Trees ¥16.44 million Parent only
Net assets ¥0.7 billion Parent only
Net assets ¥0.7 billion Parent only
Total assets ¥1.3 billion Parent only
Total assets ¥1.3 billion Parent only
Deferred tax assets ¥1.92 million Parent only
Retained earnings brought forward ¥44.08 million Parent only
Liabilities ¥0.6 billion Parent only
Liabilities ¥0.6 billion Parent only
Liabilities and net assets ¥1.3 billion Parent only
Supplies ¥1.84 million Parent only
Allowance for doubtful accounts ¥-3.42 million Parent only
Capital surplus ¥0.1 billion Parent only
Legal capital surplus ¥0.1 billion Parent only
Capital stock ¥0.4 billion Parent only
Vehicle and delivery equipment ¥83.21 million Parent only
Vehicles, net ¥6.07 million Parent only
Provision for retirement benefits ¥7.06 million Parent only
Long-term loans payable ¥71.17 million Parent only
Long-term prepaid expenses ¥0.47 million Parent only
Long term accounts payable other ¥9.35 million Parent only
Long-term deposits received ¥1.40 million Parent only
Telephone subscription right ¥0.28 million Parent only
Deposits received ¥7.46 million Parent only
Current portion of long-term loans payable ¥37.60 million Parent only

Accounts unique to this company (47 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥6.50 million Parent only
Revenue ¥0.1 billion Parent only
Revenue ¥6.07 million Parent only
Revenue ¥54.26 million Parent only
Revenue ¥16.10 million Parent only
Revenue ¥9.61 million Parent only
Revenue ¥35.80 million Parent only
Revenue ¥1.87 million Parent only
Revenue ¥0.2 billion Parent only
Revenue ¥0.23 million Parent only
Revenue ¥3.55 million Parent only
Revenue ¥56.35 million Parent only
Revenue ¥24.80 million Parent only
Revenue ¥9.17 million Parent only
Revenue ¥3.16 million Parent only
Revenue ¥0.77 million Parent only
Revenue ¥4.50 million Parent only
Revenue ¥0.41 million Parent only
Revenue ¥0.68 million Parent only
Revenue ¥7.93 million Parent only
Revenue ¥1.81 million Parent only
Revenue ¥22.81 million Parent only
Revenue ¥1.89 million Parent only
Revenue ¥16.86 million Parent only
Revenue ¥5.57 million Parent only
Revenue ¥0.05 million Parent only
Revenue ¥0.35 million Parent only
Revenue ¥2.17 million Parent only
Revenue ¥0.21 million Parent only
Revenue ¥0.70 million Parent only
Revenue ¥0.01 million Parent only
Revenue ¥0.1 billion Parent only
Revenue ¥0.02 million Parent only
Revenue ¥0.50 million Parent only
Revenue ¥0.83 million Parent only
Revenue ¥0.29 million Parent only
Revenue ¥1.41 million Parent only
Revenue ¥12.73 million Parent only
Revenue ¥2.82 million Parent only
Revenue ¥0.99 million Parent only
Revenue ¥0.35 million Parent only
Revenue ¥2.65 million Parent only
Revenue ¥1.90 million Parent only
Revenue ¥-2.65 million Parent only
Revenue ¥1.45 million Parent only
Revenue ¥-2.28 million Parent only
Revenue ¥-0.03 million Parent only

Statement of income (53 items)

ItemValueConsolidated / Non-consolidated
Office supplies expenses ¥0.51 million Parent only
Conference expenses ¥0.79 million Parent only
Repair expenses ¥3.50 million Parent only
Insurance ¥1.90 million Parent only
Interest income ¥0.11 million Parent only
Guaranty money income ¥1.20 million Parent only
Ending goods ¥0.15 million Parent only
Beginning goods ¥0.17 million Parent only
Operating income ¥25.35 million Parent only
Operating cost ¥0.1 billion Parent only
Operating revenue ¥0.3 billion Parent only
Non-operating income ¥3.91 million Parent only
Non-operating expenses ¥2.63 million Parent only
Net cash provided by (used in) operating activities ¥61.53 million Parent only
Book and printing expenses ¥1.97 million Parent only
Loss on retirement of non-current assets ¥0.02 million Parent only
Gross profit (loss) ¥0.2 billion Parent only
Net sales ¥0.3 billion Parent only
Advertising expenses ¥1.66 million Parent only
Net income (loss) ¥16.67 million Parent only
Net income (loss) ¥16.67 million Parent only
Directors' compensations ¥5.40 million Parent only
Employees' bonuses ¥3.39 million Parent only
Net cash provided by (used in) investing activities ¥-13.16 million Parent only
Interest expenses ¥1.95 million Parent only
Commission fees ¥23.53 million Parent only
Fiduciary obligation fee ¥0.46 million Parent only
Utilities expenses ¥17.07 million Parent only
Income taxes - current ¥9.18 million Parent only
Income taxes ¥9.18 million Parent only
Income taxes - deferred ¥-3,000 Parent only
Legal welfare expenses ¥5.23 million Parent only
Supplies expenses ¥2.20 million Parent only
Depreciation ¥37.64 million Parent only
Extraordinary income ¥1.90 million Parent only
Extraordinary loss ¥2.67 million Parent only
Net increase (decrease) in cash and cash equivalents ¥-7.73 million Parent only
Income (loss) before income taxes ¥25.85 million Parent only
Income (loss) before income taxes ¥25.85 million Parent only
Ordinary income ¥26.62 million Parent only
Ordinary income ¥26.62 million Parent only
Salaries and allowances ¥24.44 million Parent only
Net cash provided by (used in) financing activities ¥-56.10 million Parent only
Promotion expenses ¥7.78 million Parent only
Selling, general and administrative expenses ¥0.2 billion Parent only
Provision of allowance for doubtful accounts ¥0.27 million Parent only
Rent expenses ¥1.09 million Parent only
Retirement benefit expenses ¥0.20 million Parent only
Communication expenses ¥1.75 million Parent only
Amortization of long-term prepaid expenses ¥0.04 million Parent only
Miscellaneous income ¥1.15 million Parent only
Other ¥0.29 million Parent only
Miscellaneous expenses ¥0.71 million Parent only

Statement of changes in equity (1 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥16.67 million Parent only

Statement of cash flows (25 items)

ItemValueConsolidated / Non-consolidated
Increase (decrease) in other liabilities ¥-0.99 million Parent only
Decrease (increase) in other assets ¥-0.65 million Parent only
Repayments of lease obligations ¥-15.18 million Parent only
Interest received ¥0.11 million Parent only
Interest expenses paid ¥-1.95 million Parent only
Increase (decrease) in deferred revenue ¥8.41 million Parent only
Insurance ¥-1.90 million Parent only
Interest income ¥-0.11 million Parent only
Loss on retirement of non-current assets ¥0.02 million Parent only
Decrease increase in notes and accounts receivable trade ¥-1.19 million Parent only
Payments into time deposits ¥-1.45 million Parent only
Subtotal ¥79.32 million Parent only
Interest expenses ¥1.95 million Parent only
Purchase of property plant and equipment ¥-10.84 million Parent only
Increase decrease in accrued liabilities ¥2.95 million Parent only
Decrease/increase in consumption taxes receivable/payable ¥-0.72 million Parent only
Decrease (increase) in inventories ¥0.39 million Parent only
Income taxes paid ¥-15.21 million Parent only
Depreciation ¥54.55 million Parent only
Loss due to disaster ¥2.65 million Parent only
Increase (decrease) in allowance for doubtful accounts ¥0.27 million Parent only
Accrued pension cost ¥-0.07 million Parent only
Repayment of long term loans payable ¥-37.60 million Parent only
Payments for long term accounts payable other ¥-3.33 million Parent only
Increase decrease in long term deposits received ¥-12.07 million Parent only
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥61.53 million Parent onlyDisclosed
Number of employees 21 Parent onlyDisclosed
Net assets ¥0.7 billion Parent onlyDisclosed
Net sales ¥0.3 billion Parent onlyDisclosed
Operating income ¥25.35 million Parent onlyDisclosed
Operating revenue ¥0.3 billion Parent onlyDisclosed
Ordinary income ¥26.62 million Parent onlyDisclosed
Total assets ¥1.3 billion Parent onlyDisclosed
Operating margin 8.8%Parent onlyCalculated
Net margin Not disclosedNot applicableNot calculated (a required value is not disclosed)
Sales per employee 13666000 yenParent onlyCalculated
Total asset turnover 0.22 timesParent onlyCalculated
Net assets to total assets 52.6%Parent onlyCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 8.8%　Operating income ÷ net sales 　＝ ¥25.35 million ÷ ¥0.3 billion
    Operating income ÷ net sales. The denominator is Operating revenue (Parent only, Japanese GAAP).
  • Sales per employee 13,666,000 yen　Sales or operating revenue ÷ employees 　＝ ¥0.3 billion ÷ 21 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Parent only, Japanese GAAP).
  • Total asset turnover 0.22 times　Sales or operating revenue ÷ total assets 　＝ ¥0.3 billion ÷ ¥1.3 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Parent only, Japanese GAAP).
  • Net assets to total assets 52.6%　Net assets ÷ total assets 　＝ ¥0.7 billion ÷ ¥1.3 billion
    Net assets ÷ total assets. The denominator is Total assets (Parent only, Japanese GAAP).

Revenue and profit by business segment

  • Source: segment information, Annual Securities Report (Jan 2025 to Dec 2025) · Parent only · Net sales to external customers · filed 2026-03-27
  • Share: against the total of Net sales to external customers disclosed by business (100%). Adjustments, corporate, eliminations and “other” left out as they are not businesses (so no match with company-wide Net sales to external customers). Margin: calculated against the Net sales to external customers on the same rowThe account may differ from “Revenue” at the top of this page

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Net assets per share　Parent only
  • Total assets　Parent only

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income

Long-term changes in performance

  • Revenue　Disclosed value for 2025 ÷ disclosed value for 2012

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Return on equity over time

  • Return on equity (ROE): net profit as a proportion of equity. For Japanese companies, the disclosed value in the key financial indicators of the annual securities report (decimals converted to percentages)

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Industry median: the middle value among companies in Services that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees
  • Average temporary staff　Parent only, average headcount other than regular employees

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of 松山観光ゴルフ株式会社 on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 8500001007110 / Accounting standard: Japanese GAAP

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork