Resol Holdings <5261> announced its consolidated financial statements for the first quarter of the 2025 fiscal year (April-June 24) on the 9th. Revenue increased by 7.0% YoY to 7.041 billion yen, operating income decreased by 9.6% to 0.75 billion yen, ordinary income decreased by 10.4% to 0.713 billion yen, and the quarterly net income attributable to the parent company shareholders decreased by 1.6% to 0.661 billion yen.

In the hotel operation business, the unit price and occupancy rate have been steadily increasing due to various promotion measures tailored to the market for the strong inbound demand. In addition, for the main brand, "Resort Hotels", a new concept of "hotels with stories" was adopted, and we actively worked to improve services and quality in order to build a brand as a "tourist hotel".

In the golf operation business, the differentiation from other companies was enhanced by improving course quality, customer service, hard renovation, and providing delicious food, resulting in an increase in customer unit price. In addition to maintaining strong sales of membership rights, the acquisition of "Iruma Country Club" in the previous year also contributed to the favorable performance. Furthermore, in the new business of the "Fairway Front Villa" project, we are planning to develop a luxury golf resort that can also accommodate inbound golfers by developing new villas as the "Owaku International Golf Club".

In the Forest Business of Resol, the golf department (Mana Country Club) maintained its good performance by increasing competitions due to the high evaluation of the Mana Gary player course lunch buffet and changing the play style. In addition, we focused on expanding the sales route for "golf and stay" to attract inbound golfers. In the resort business, the use of corporate training and sports teams continued to be strong.

In the welfare business, performance has been steadily increasing due to the full-scale start of a partnership with the Kanto IT Software Health Insurance from May this year. In addition, we promoted new customer development that differentiated from other companies by promoting the purchase of new-operated facilities, such as the "Settlement Business Model" (a transparent pricing system that settles subsidies according to usage results), "Plus Your Choice" (a highly customizable plan that allows you to use facilities outside of partnerships), and "Directly Managed Facilities" (providing discounts on hotels, golf courses, etc., and limited plans for business trips and corporate training) .

In the renewable energy business, we considered new solar carport construction at group golf courses while managing existing facilities.

In the investment regeneration business, we are studying the procurement of new operating facilities while considering market environment.

Regarding the consolidated performance forecast for the 2025 fiscal year, the initial plan will be maintained with revenue increasing by 5.0% compared to the previous year to 27 billion yen, operating income increasing by 3.6% to 2.2 billion yen, ordinary income increasing by 2.7% to 2 billion yen, and parent company shareholders' net income increasing by 6.2% to 1.5 billion yen.