Interim report
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August 6 , 2026 Note : This document has been translated from a part of the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Six Months Ended June 30 , 2026 ( Under Japanese GAAP ) 財 団 法人 財務 会計 基準 機構 。 FASF Company name : FUJITA KANKO INC . Listing : Tokyo Stock Exchange Securities code : 9722 URL : https://www.fujita-kanko.co.jp/ Representative : Shinsuke Yamashita Inquiries : Yasuko Ishihara Telephone : + 81-3-5981-7723 Scheduled date to file semi - annual securities report : August 6 , 2026 Scheduled date to commence dividend payments : - Preparation of supplementary material on financial results : Yes Holding of financial results briefing : Yes Representative Director and President , Executive Officer Manager of Accounting and Finance Department of Planning Division 1. Consolidated financial results for the six months ended June 30 , 2026 ( from January 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) Net sales Operating profit Six months ended Millions of yen 40,755 June 30 , 2026 June 30 , 2025 Note : Comprehensive income For the six months ended June 30 , 2026 : For the six months ended June 30 , 2025 : Basic earnings per share 39,955 2.0 11.4 % Millions of yen 6,270 % ( 8.8 ) ( Yen amounts are rounded down to millions , unless otherwise noted . ) ( Percentages indicate year - on - year changes . ) Ordinary profit Millions of yen 6,072 Profit attributable to owners of parent % Millions of yen % 6,877 34.2 6,797 ( 10.7 ) 21.1 8,015 77.4 4,517 12.8 ¥ 7,023 million [ 41.3 % ] ¥ 4,970 million [ 6.8 % ] Diluted earnings per share Yen Six months ended June 30 , 2026 June 30 , 2025 ( 2 ) Consolidated financial position As of June 30 , 2026 December 31 , 2025 Reference : Equity As of June 30 , 2026 : Yen 133.76 74.73 Total assets Net assets Equity - to - asset ratio Millions of yen 99,252 98,834 Millions of yen % 43,047 43.4 36,818 37.3 ¥ 43,047 million ¥ 36,818 million As of December 31 , 2025 :
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22222..... CCCCCaaaaassssshhhhh dddddiiiiivvvvviiiiidddddeeeeennnnndddddsssss Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended - 0.00 - 70.00 70.00December 31, 2025 Fiscal year ending - 0.00December 31, 2026 Fiscal year ending December 31, 2026 (Forecast) - 20.00 20.00 Note: Revisions to the forecast of cash dividends most recently announced: None 33333..... CCCCCooooonnnnnsssssooooollllliiiiidddddaaaaattttteeeeeddddd fffffiiiiinnnnnaaaaannnnnccccciiiiiaaaaalllll rrrrreeeeesssssuuuuulllllttttt fffffooooorrrrreeeeecccccaaaaassssstttttsssss fffffooooorrrrr ttttthhhhheeeee fffffiiiiissssscccccaaaaalllll yyyyyeeeeeaaaaarrrrr eeeeennnnndddddiiiiinnnnnggggg DDDDDeeeeeccccceeeeemmmmmbbbbbeeeeerrrrr 3333311111,,,,, 22222000002222266666 (((((fffffrrrrrooooommmmm JJJJJaaaaannnnnuuuuuaaaaarrrrryyyyy 11111,,,,, 22222000002222266666 tttttooooo DDDDDeeeeeccccceeeeemmmmmbbbbbeeeeerrrrr 3333311111,,,,, 22222000002222266666))))) (Percentages indicate year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 84,000 2.4 13,200 (4.3) 12,800 (6.6) 12,500 34.5 208.60 Note: Revisions to the financial result forecast most recently announced: Yes ***** NNNNNooooottttteeeeesssss (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: Yes (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 61,037,120 shares As of December 31, 2025 61,037,120 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 1,098,817 shares As of December 31, 2025 1,118,520 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Six months ended June 30, 2026 59,924,194 shares Six months ended June 30, 2025 59,921,245 shares * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Proper use of earnings forecasts, and other special matters
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Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheet (Millions of yen) As of December 31, 2025 As of June 30, 2026 Assets Current assets Cash and deposits 12,255 16,991 Notes and accounts receivable - trade 5,888 4,911 Merchandise and finished goods 52 52 Work in process 28 23 Raw materials and supplies 506 371 Other 1,949 1,611 Allowance for doubtful accounts (4) (3) Total current assets 20,676 23,958 Non-current assets Property, plant and equipment Buildings and structures, net 34,899 34,314 Tools, furniture and fixtures, net 5,184 6,354 Land 5,990 5,976 Construction in progress 1,795 1,666 Golf courses 2,521 2,525 Other, net 825 846 Total property, plant and equipment 51,215 51,683 Intangible assets Other 653 794 Total intangible assets 653 794 Investments and other assets Investment securities 16,716 13,265 Guarantee deposits 9,362 9,386 Other 213 168 Allowance for doubtful accounts (4) (4) Total investments and other assets 26,288 22,816 Total non-current assets 78,157 75,293 Total assets 98,834 99,252
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(Millions of yen) As of December 31, 2025 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 1,239 959 Short-term borrowings 7,792 6,899 Current portion of long-term borrowings 7,388 6,453 Income taxes payable 3,037 4,010 Provision for bonuses 408 317 Other 9,501 8,149 Total current liabilities 29,366 26,789 Non-current liabilities Long-term borrowings 12,475 9,686 Provision for retirement benefits for directors (and other officers) 104 16 Asset retirement obligations 964 967 Retirement benefit liability 5,845 5,776 Deposits received from members 9,976 10,139 Other 3,282 2,828 Total non-current liabilities 32,648 29,415 Total liabilities 62,015 56,204 Net assets Shareholders' equity Share capital 100 100 Capital surplus 12,013 12,043 Retained earnings 18,688 25,865 Treasury shares (917) (901) Total shareholders' equity 29,885 37,106 Accumulated other comprehensive income Valuation difference on available-for-sale securities 6,693 5,755 Deferred gains or losses on hedges 19 19 Foreign currency translation adjustment (414) (449) Remeasurements of defined benefit plans 634 615 Total accumulated other comprehensive income 6,933 5,940 Total net assets 36,818 43,047 Total liabilities and net assets 98,834 99,252
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Semi-annual Consolidated Statements of Income and Comprehensive Income Semi-annual Consolidated Statement of Income (Millions of yen) For the six months ended June 30, 2025 For the six months ended June 30, 2026 Net sales 39,955 40,755 Cost of sales 31,080 32,338 Gross profit 8,874 8,416 Selling, general and administrative expenses 1,996 2,146 Operating profit 6,877 6,270 Non-operating income Interest income 2 1 Dividend income 307 417 Rental income from land and buildings 56 65 Other 46 25 Total non-operating income 412 509 Non-operating expenses Interest expenses 232 198 Foreign exchange losses 196 73 Commission expenses - 290 Other 62 145 Total non-operating expenses 492 708 Ordinary profit 6,797 6,072 Extraordinary income Gain on sale of investment securities - 5,999 Gain on reversal of provision for loss on business withdrawal 25 - Total extraordinary income 25 5,999 Extraordinary losses Provision for loss on business withdrawal 35 - Loss on sale of non-current assets 13 - Loss on disaster 12 - Total extraordinary losses 61 - Profit before income taxes 6,761 12,071 Income taxes 2,244 4,056 Profit 4,517 8,015 Profit attributable to owners of parent 4,517 8,015
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Semi-annual Consolidated Statement of Comprehensive Income (Millions of yen) For the six months ended June 30, 2025 For the six months ended June 30, 2026 Profit 4,517 8,015 Other comprehensive income Valuation difference on available-for-sale securities 514 (938) Deferred gains or losses on hedges 3 (0) Foreign currency translation adjustment (60) (34) Remeasurements of defined benefit plans, net of tax (4) (19) Total other comprehensive income 453 (992) Comprehensive income 4,970 7,023 Comprehensive income attributable to Comprehensive income attributable to owners of parent 4,970 7,023
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Semi-annual Consolidated Statement of Cash Flows (Millions of yen) For the six months ended June 30, 2025 For the six months ended June 30, 2026 Cash flows from operating activities Profit before income taxes 6,761 12,071 Depreciation 2,037 2,314 Increase (decrease) in allowance for doubtful accounts (1) (0) Increase (decrease) in provision for bonuses (34) (91) Increase (decrease) in provision of noncurrent assets removal (35) - Increase (decrease) in provision for loss on disaster (109) - Increase (decrease) in provision for loss on business withdrawal (228) - Increase (decrease) in provision for retirement benefits for directors (and other officers) 11 (87) Increase (decrease) in retirement benefit liability (46) (96) Interest and dividend income (309) (418) Interest expenses 232 198 Foreign exchange losses (gains) 196 73 Loss (gain) on sale of non-current assets 10 - Loss on retirement of non-current assets 35 46 Loss (gain) on sale of short-term and long-term investment securities - (5,999) Decrease (increase) in trade receivables 1,369 976 Decrease (increase) in inventories 143 139 Increase (decrease) in trade payables (296) (279) Increase (decrease) in accrued consumption taxes (822) (187) Other, net (665) (562) Subtotal 8,250 8,097 Interest and dividends received 312 418 Interest paid (224) (186) Income taxes refund (paid) (1,296) (3,082) Net cash provided by (used in) operating activities 7,042 5,246
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(Millions of yen) For the six months ended June 30, 2025 For the six months ended June 30, 2026 Cash flows from investing activities Purchase of property, plant and equipment and intangible assets (1,522) (3,039) Proceeds from sale of property, plant and equipment and intangible assets 8 - Purchase of investment securities - (769) Proceeds from sale of investment securities - 8,767 Payments of guarantee deposits (10) (31) Proceeds from refund of guarantee deposits 306 0 Other, net 0 55 Net cash provided by (used in) investing activities (1,217) 4,981 Cash flows from financing activities Net increase (decrease) in short-term borrowings (528) (893) Proceeds from long-term borrowings 528 - Repayments of long-term borrowings (5,738) (3,724) Purchase of treasury shares (1) (0) Dividends paid (559) (838) Repayments of finance lease liabilities (20) (14) Other, net 6 (2) Net cash provided by (used in) financing activities (6,313) (5,473) Effect of exchange rate change on cash and cash equivalents (22) (18) Net increase (decrease) in cash and cash equivalents (511) 4,735 Cash and cash equivalents at beginning of period 14,446 12,245 Cash and cash equivalents at end of period 13,935 16,981