[Company analysis] Tokyo Dome Corporation (東京ドーム)

「Tokyo Dome Corporation (東京ドーム)」operates Japan's first dome-shaped baseball field, "Tokyo Dome", "Tokyo Dome City Attractions". In terms of capital relationship, this company belongs to「Mizuho Group」. Compared to the scale of this company, it is well known for general customers. The number of consolidated employees is about 864.

 

 

1. Company Profile

2. Summary and Features

3. Major Business

4. Financial Information

 

 

 

1. Company Profile

 

※Unit is JPY million, as of 2019

Company name	Tokyo Dome Corporation
Company name (Japanese)	東京ドーム
Date of establishment	Friday, December 25, 1936
Headquarters location	〒112-8575 東京都文京区後楽1丁目3番61号
Capital	2,038
Consolidated sales	87,048
Consolidated operating profit	11,481
Consolidated total assets	299,574
Consolidated capital	102,070
Capital adequacy ratio	34.1%
Consolidated number of employees	864

 

 

 

2. Summary and Features

 
"Tokyo Dome" is the first dome-type baseball field in Japan, opened on March 18, 1988. As a core facility of "Tokyo Dome City(東京ドームシティ)", it is also a multi-purpose hall. In addition to baseball, it is used for various purposes such as martial arts, professional wrestling, concerts and product exhibitions. According to the 2015 standard, the operation results are 87.4%, of which the proportion of baseball is about 40%

 

Apart from "Tokyo Dome City" and "Atami Korakuen Hotel(城島後楽園)", in the past, this company owns 6 resorts and golf courses including "Maiko Korakuen(ski / hotel / golf course)" and "Jojima Korakuen(amusement park / hotel / golf course)". And they was carrying out business diversification, such as providing capital loans to medium-sized consumer.

However, Interim settlement in July 2006, their financial business commited the largest deficit in its history. 「Tokyo Dome Corporation」decided to sell the resort business to「St. Leger Stakes」of the「Morgan Stanley」. And thier financial business was sold collectively to「Lone Star Funds」at a very low price. By this event,「Tokyo Dome Corporation」is currently conducting business management centered on facility management of Tokyo Dome City.

 

The greatest strength of「Tokyo Dome Corporation」is its overwhelming brand power. It is a home of "Yomiuri Giants" and owns "Tokyo Dome" which holds various events other than baseball. So its name recognition is very high compared with the company scale. However, the profit from dome business is limited to some extent. Therefore, in order to overcome this, they are actively considering business tie-ups and M & A.

 

 

3. Major Business

 

■ Tokyo Dome City Business

 

 

 

4. Financial information

 

※Unit is JPY million

		2016	2017	2018
Consolidated sales		87,761	83,686	87,048
Consolidated operating profit		12,589	11,389	11,481
Consolidated total assets		303,503	306,676	299,574
Consolidated net assets		94,602	105,439	102,070
Breakdown of sales	Tokyo Dome City business	65,718	64,667	67,474
	Distribution business	7,135	7,796	8,073
	Real estate business	1,571	1,570	1,579
	Atami	3,397	2,240	2,369
	Sapporo	2,800	581	0
	Bicycle race business	2,112	1,686	2,077
	Others	5,027	5,144	5,474