Akechi Golf Club Co., Ltd. reported ¥1.25bn in sales for the six months to March 31, 2026, compared with ¥1.25bn in the same period a year earlier. The company still recorded an ordinary loss of ¥12.5mn, versus a ¥16.9mn loss a year earlier, and a net loss of ¥12.7mn, versus ¥11.7mn a year earlier. The filing also lists ¥5.4mn in equity-method affiliate earnings for the latest half, compared with ¥4.2mn in the prior-year period.
| Period | Sales | Ordinary income/loss | Net income/loss |
|---|---|---|---|
| Half to March 2026 | ¥1.25bn | -¥12.5mn | -¥12.7mn |
| Half to March 2025 | ¥1.25bn | -¥16.9mn | -¥11.7mn |
| Year to September 2025 | ¥2.69bn | ¥34.4mn | ¥17.7mn |
| Year to September 2024 | ¥2.68bn | ¥97.8mn | ¥61.3mn |
Profit lines moved differently
The two profit lines moved in different directions: the ordinary loss was smaller than a year earlier, but the net loss was slightly larger. The packet does not contain the detail needed to explain that difference.
Full-year backdrop
The full-year comparison in the same report shows that the latest half follows lower annual earnings on similar sales. For the year to September 2025, Akechi Golf Club posted ¥2.69bn in sales, ¥34.4mn in ordinary income and ¥17.7mn in net income. For the previous year, sales were ¥2.68bn, while ordinary income and net income were ¥97.8mn and ¥61.3mn respectively. In other words, the company was still profitable for the year to September 2025, but at a lower level than the prior year.
Balance sheet context, and what is missing
At March 31, 2026, the company reported net assets of ¥7.16bn and total assets of ¥11.18bn. Capital stock was ¥100mn, and the filing lists 929,829 issued shares.
For readers outside Japan, the signal is narrow but useful: this filing shows a company with more than ¥11bn in assets keeping half-year sales near the prior-year level while still posting a loss. What it does not show is why. The extract in the packet contains no management commentary and no breakdown of costs, pricing or customer volumes.