LEIFRAS Co., Ltd. Reports Financial Results for the Nine Months Ended September 30, 2025

Rhea-AI Summary

LEIFRAS (Nasdaq: LFS) reported unaudited results for the nine months ended Sept 30, 2025: revenue JPY8.6B (+15.3% YoY), gross profit JPY2.4B (+18.1% YoY) and gross margin 28.2% (vs 27.5%). Net income was JPY226.7M (+0.7% YoY) and basic/diluted EPS was JPY9.10. Operationally, sports school members rose to 71,529 (+2.3%) and schools served in social business increased to 360 (+53.2%). Cash was JPY2.4B as of Sept 30, 2025. The company projected full-year 2025 revenue of JPY11.6–11.9B (≈+11.9%–15.3%) and operating income of JPY580.0–696.5M.

Positive

• Revenue +15.3% YoY to JPY8.6B
• Gross profit +18.1% YoY to JPY2.4B
• Social business revenue +36.4% YoY to JPY2.4B
• Projected FY2025 revenue JPY11.6–11.9B (+11.9%–15.3%)
• Projected FY2025 operating income JPY580.0–696.5M (+11.6%–34.0%)

Negative

• Selling, general, and administrative expenses +14.0% YoY to JPY2.1B
• Net cash used in financing activities JPY380.1M (nine months)
• Net income barely up +0.7% YoY to JPY226.7M

Key Figures

Revenue JPY8.6 billion ($57.8 million) Nine months ended September 30, 2025; up 15.3% year over year.

Gross profit JPY2.4 billion ($16.3 million) Nine months ended September 30, 2025; up 18.1% year over year.

Net income JPY226.7 million ($1.5 million) Nine months ended September 30, 2025; up 0.7% year over year.

Basic & diluted EPS JPY9.1 ($0.06) Nine months ended September 30, 2025; higher than prior-year EPS.

Revenue guidance JPY11.6–11.9 billion ($78.1–$80.5 million) Fiscal year ending December 31, 2025; 11.9%–15.3% above 2024 revenue.

Operating income guidance JPY580.0–696.5 million ($3.9–$4.7 million) Fiscal year ending December 31, 2025; above 2024 operating income.

Sports school members 71,529 members Nine months ended September 30, 2025; up 2.3% from 69,924.

Schools in social business 360 schools Nine months ended September 30, 2025; up 53.2% from 235.

Market Reality Check

$3.06 Last Close

Volume Volume 58,671 is well below 20-day average of 949,880, indicating subdued pre-news trading interest. low

Technical Shares at $3.84 traded below the 200-day MA of $4.14 before this earnings release.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Non-cognitive study	Positive	+7.5%	Milabo study showed skill advantages for 28,400 camp participants.
Nov 13	Earnings call notice	Neutral	-18.1%	Scheduling of first-half 2025 earnings calls; shares fell sharply.
Nov 05	Nagoya contract win	Positive	-5.2%	Awarded contract to manage facilities at 111 Nagoya junior highs.
Oct 30	Six-month results	Positive	+2.5%	Six‑month 2025 revenue up 15% and net income up 25.6%.
Oct 10	IPO completion	Positive	+35.0%	IPO of 1,250,000 ADSs at $4.00 raised $5.0M gross.

Pattern Detected

Positive operational and financing milestones have often coincided with positive price moves, while some contract and scheduling news saw negative reactions.

Recent Company History

Over the last few months, LEIFRAS moved from its IPO closing on Oct 10, 2025 to reporting six‑month 2025 results on Oct 30, then securing the Nagoya contract on Nov 5. An earnings call scheduling notice on Nov 13 and a large-scale Milabo study update on Dec 9 rounded out news flow. Financial updates and the IPO tended to see positive reactions, while the Nagoya contract and call scheduling coincided with declines.

Market Pulse Summary

This announcement details nine‑month 2025 revenue of JPY8.6 billion and net income of JPY226.7 million, alongside higher gross margin and expanded guidance for full‑year revenue and operating income. Growth in sports school members and a 53.2% increase in schools served support the social business trajectory. Compared with prior six‑month results and the recent IPO, investors may watch whether guidance is reiterated, segment mix shifts further, and margin trends hold up as the year closes.

Key Terms

initial public offering financial

"in preparation for the Company's initial public offering ("IPO")"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

AI-generated analysis. Not financial advice.

TOKYO, Dec. 18, 2025 /PRNewswire/ -- LEIFRAS Co., Ltd. (Nasdaq: LFS) (the "Company" or "Leifras"), a sports and social business company dedicated to youth sports and community engagement, today announced its unaudited financial results for the nine months ended September 30, 2025. 

Financial Highlights for the Nine Months Ended September 30, 2025

• Revenue was JPY8.6 billion ($57.8 million) for the nine months ended September 30, 2025, an increase of 15.3% from JPY7.4 billion for the same period last year.
• Gross profit was JPY2.4 billion ($16.3 million) for the nine months ended September 30, 2025, an increase of 18.1% from JPY2.0 billion for the same period last year.
• Gross margin was 28.2% for the nine months ended September 30, 2025, which increased from 27.5% for the same period last year.
• Net income was JPY226.7 million ($1.5 million) for the nine months ended September 30, 2025, an increase of 0.7% from JPY225.1 million for the same period last year.
• Basic and diluted earnings per share was JPY9.1 ($0.06) for the nine months ended September 30, 2025, compared to basic earnings per share of JPY9.0 and diluted earnings per share of JPY8.3 for the same period last year.

Operational Highlights for the Nine Months Ended September 30, 2025

• Number of members in the sports school business was 71,529 for the nine months ended September 30, 2025, an increase of 2.3% from 69,924 for the same period last year.
• Average membership duration in the sports school business was 1.84 years for the nine months ended September 30, 2025, an increase of 1.1% from 1.82 years for the same period last year.
• Revenue per capita in the sport school business, which we define as the sales revenue of the sports school business divided by the number of employees involved in that business, was JPY9.6 million ($0.06 million) for the nine months ended September 30, 2025, an increase of 6.2% from JPY9.0 million for the same period last year.
• Number of schools served under the social business segment was 360 for the nine months ended September 30, 2025, an increase of 53.2% from 235 for the same period last year.
• Revenue per capita in the social business, which we define as the sales revenue of the social business divided by the number of employees involved in that business, was JPY7.6 million ($0.05 million) for the nine months ended September 30, 2025, an increase of 18.6% from JPY6.4 million for the same period last year.

Mr. Kiyotaka Ito, the Representative Director and Chief Executive Officer of Leifras, commented, "We delivered solid financial results in the first nine months of fiscal year 2025, with meaningful growth across our key financial and operational metrics. Revenue increased 15.3% and net income grew 0.7% from the same period last year. By segment, sports school business achieved revenue growth of 8.9% and social business revenue increased by 36.4% year over year. Our performance shows continued strength of our sports school business and expanding demand for our social business. Notably, revenue per capita in our social business rose by 18.6% year over year, highlighting the increasing value and impact of our community-based services. Looking ahead, we see meaningful opportunities in Japan's shifting policy landscape. The government's ongoing Club Activity Reform, which focuses on shifting school-based club activity management to regional and private organizations, is expected to create an important long-term growth pathway for Leifras. We recently secured a new contract with the City of Nagoya, Aichi Prefecture, to manage facilities at municipal junior high schools in Nagoya, marking an important step in our expansion strategy. We intend to actively pursue additional opportunities as municipalities seek specialized partners to deliver high-quality sports and community programs. In the future, we remain committed to cultivating the non-cognitive skills of children, strengthening community well-being, enhancing our service offerings, and delivering sustainable value to our shareholders and society."   

Financial Results for the Nine Months Ended September 30, 2025

Revenue

Total revenue was JPY8.6 billion ($57.8 million) for the nine months ended September 30, 2025, an increase of 15.3% from JPY7.4 billion for the same period last year.

Sports school business revenue was JPY6.2 billion ($41.9 million) for the nine months ended September 30, 2025, an increase of 8.9% from JPY5.7 billion for the same period last year. The increase in revenue was mostly driven by: (i) an increase in the number of members by 1,605, from 69,924 as of September 30, 2024 to 71,529 as of September 30, 2025, resulting in an increase in revenue of JPY315.7 million ($2.1 million) and (ii) an increase in the number of customers who joined events hosted by the Company from 136,695 for the nine months ended September 30, 2024 to 142,843 for the nine months ended September 30, 2025, leading to an increase in the sports school business revenue by JPY112.6 million ($0.8 million).

Social business revenue was JPY2.4 billion ($15.9 million) for the nine months ended September 30, 2025, an increase of 36.4% from JPY1.7 billion for the same period last year. The increase in revenue was mostly driven by: (i) an increase in the number of schools by 125, from 235 as of September 30, 2024 to 360 as of September 30, 2025, resulting in an increase in revenue of JPY505.1 million ($3.4 million), and (ii) an increase in after-school daycare service revenue by JPY86.1 million ($0.6 million).

Cost of Revenue

Cost of revenue was JPY6.1 billion ($41.5 million) for the nine months ended September 30, 2025, an increase of 14.2% from JPY5.4 billion for the same period last year.

Gross Profit

Gross profit was JPY2.4 billion ($16.3 million) for the nine months ended September 30, 2025, an increase of 18.1% from JPY2.0 billion for the same period last year.

Gross margin was 28.2% for the nine months ended September 30, 2025, which increased from 27.5% for the same period last year.

Selling, General, and Administrative Expenses

Selling, general, and administrative expenses were JPY2.1 billion ($13.9 million) for the nine months ended September 30, 2025, an increase of 14.0% from JPY1.8 billion for the same period last year. The increase was attributed to (i) the increase in salaries and welfare expenses of JPY137.5 million ($0.9 million) due to business expansion as well as an increase in headquarters personnel in preparation for the Company's initial public offering ("IPO"), (ii) the increase in promotion fees of JPY8.2 million ($0.06 million) due to business expansion, (iii) the increase in office rental fees of JPY14.1 million ($0.1 million) due to business expansion, (iv) the increase in system maintenance fee expenses of JPY17.3 million ($0.1 million) incurred due to the increase in the number of employees, and (v) the increase in recruitment fees of JPY53.8 million ($0.4 million) due to business expansion as well as an increase in headquarters personnel in preparation for the Company's IPO.

Other Income (Expenses), Net

Other expenses, net were JPY1.9 million ($0.01 million) for the nine months ended September 30, 2025, compared to other income, net of JPY28.7 million for the same period last year. The decrease was attributed to: (i) net franchise income collected (returned) of JPY27.4 million ($0.02 million), which was the payments refunded to the franchisees in connection with the transfer of certain business rights, (ii) an eviction compensation of JPY5.5 million ($0.04 million) received in connection with the vacating of a leased building. Interest expenses, net were JPY9.7 million ($0.07 million) for the nine months ended September 30, 2025, a decrease of 21.8% from JPY12.4 million for the same period last year.

Net Income

Net income was JPY226.7 million ($1.5 million) for the nine months ended September 30, 2025, an increase of 0.7% from JPY225.1 million for the same period last year.

Basic and Diluted Earnings per Share

Basic earnings per share was JPY9.10 ($0.06) for the nine months ended September 30, 2025, compared to JPY9.04 for the same period last year.

Diluted earnings per share was JPY9.10 ($0.06) for the nine months ended September 30, 2025, compared to JPY8.32 for the same period last year.

Financial Condition

As of September 30, 2025, the Company had cash of JPY2.4 billion ($16.5 million), compared to JPY2.5 billion as of December 31, 2024.

Net cash provided by operating activities was JPY326.7 million ($2.2 million) for the nine months ended September 30, 2025, compared to net cash used in operating activities of JPY105.4 million for the same period last year.

Net cash used in investing activities was JPY48.5 million ($0.3 million) for the nine months ended September 30, 2025, compared to JPY45.7 million for the same period last year.

Net cash used in financing activities was JPY380.1 million ($2.6 million) for the nine months ended September 30, 2025, compared to JPY224.1 million for the same period last year.

Financial Guidance

The Company is projecting total revenue to be between JPY11.6 billion and JPY11.9 billion ($78.1 million and $80.5 million) for the fiscal year ending December 31, 2025, an increase of approximately 11.9% to 15.3% from JPY10.3 billion ($69.8 million) for the fiscal year ended December 31, 2024.

Income from operations is projected to be between JPY580.0 million and JPY696.5 million ($3.9 million and $4.7 million) for the fiscal year ending December 31, 2025, an increase of 11.6% to 34.0% from JPY519.8 million ($3.5 million) for the fiscal year ended December 31, 2024.

These projections are based on the assumption that no business acquisitions, restructuring activities, or legal settlements will take place during the period.

Exchange Rate Information

This announcement contains translations of certain Japanese Yen ("JPY") amounts into U.S. dollars ("USD," or "$") for the convenience of the reader. Translations of amounts from JPY into USD have been made at the exchange rate of JPY147.97 = $1.00, the exchange rate on September 30, 2025 set forth in the H.10 statistical release of the United States Federal Reserve Board.

About LEIFRAS Co., Ltd.

Headquartered in Tokyo, Leifras is a sports and social business company dedicated to youth sports and community engagement. The Company primarily provides services related to the organization and operations of sports schools and sports events for children. As of December 31, 2024, Leifras was recognized as one of Japan's largest operators of children's sports schools in terms of both membership and facilities by Tokyo Shoko Research. The Company's approach to sports education emphasizes the development of non-cognitive skills, following the teaching principle "acknowledge, praise, encourage, and motivate." The holistic approach that integrates physical and mental development sets Leifras apart in the industry. Building upon deep experience and know-how in sports education, Leifras also operates a robust social business sector, dispatching sports coaches to meet various community needs with the aim to promote physical health, social inclusion, and community well-being across different demographics. For more information, please visit the Company's website: https://ir.leifras.co.jp/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may," or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:

LEIFRAS Co., Ltd.
Investor Relations Department
Email: IR@leifras.co.jp 

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

LEIFRAS CO., LTD. AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
		December 31,				September 30,				September 30,
		2024				2025				2025
		JPY				JPY				US$
						(Unaudited)				(Unaudited)
ASSETS
CURRENT ASSETS
Cash			2,538,554,638				2,436,675,605				16,467,362
Accounts receivable, net			518,398,551				555,775,583				3,756,002
Short-term investments			4,935,000				5,075,000				34,297
Inventories, net			24,468,188				20,757,063				140,279
Prepaid expenses			182,278,232				201,888,793				1,364,390
Other current assets			34,381,843				57,886,907				391,207
TOTAL CURRENT ASSETS			3,303,016,452				3,278,058,951				22,153,537
NON-CURRENT ASSETS
Property and equipment, net			53,805,279				99,293,143				671,035
Finance lease right-of-use assets			208,611,550				228,794,098				1,546,219
Operating lease right-of-use assets			337,330,750				513,349,897				3,469,284
Intangible assets, net			39,250,078				27,980,475				189,096
Goodwill			27,999,994				27,999,994				189,228
Deferred tax assets, net			214,671,578				189,283,332				1,279,201
Deferred initial public offering ("IPO") costs			157,482,065				254,764,117				1,721,728
Long-term deposits			150,407,276				150,210,192				1,015,140
Other non-current assets			3,090,205				9,784,796				66,127
TOTAL NON-CURRENT ASSETS			1,192,648,775				1,501,460,044				10,147,058
TOTAL ASSETS			4,495,665,227				4,779,518,995				32,300,595
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short-term loans			700,000,000				700,000,000				4,730,689
Current portion of long-term loans			230,785,000				169,252,000				1,143,826
Bond payable, current			40,000,000				40,000,000				270,325
Accounts payable			168,281,568				114,243,578				772,073
Accrued liabilities			1,109,740,581				1,184,636,104				8,005,921
Income tax payable			75,374,800				3,301,800				22,314
Contract liabilities, current			147,628,310				267,364,483				1,806,883
Amount due to a director			1,000,000				-				-
Finance lease liabilities, current			71,681,545				83,549,523				564,638
Operating lease liabilities, current			110,889,134				132,923,377				898,313
Other current liabilities			195,952,191				156,907,705				1,060,403
TOTAL CURRENT LIABILITIES			2,851,333,129				2,852,178,570				19,275,385
NON-CURRENT LIABILITIES
Long-term loans, net of current portion			175,452,000				38,568,000				260,648
Bond payable, non-current			56,807,020				37,833,335				255,682
Contract liabilities, non-current			10,615,635				14,507,411				98,043
Finance lease liabilities, non-current			140,333,247				143,881,183				972,367
Operating lease liabilities, non-current			207,353,977				364,551,378				2,463,684
Assets retirement obligations			12,914,758				30,671,626				207,283
TOTAL NON-CURRENT LIABILITIES			603,476,637				630,012,933				4,257,707
TOTAL LIABILITIES			3,454,809,766				3,482,191,503				23,533,092
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Ordinary shares			80,500,000				80,500,000				544,029
Additional paid-in capital			748,840,080				778,624,844				5,262,045
Treasury shares			(100,012,265)				(100,012,265)				(675,896)
Retained earnings			311,527,646				538,214,913				3,637,325
TOTAL SHAREHOLDERS' EQUITY			1,040,855,461				1,297,327,492				8,767,503
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY			4,495,665,227				4,779,518,995				32,300,595

 

LEIFRAS CO., LTD. AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME
		For the nine months ended September 30
		2024				2025				2025
		JPY				JPY				US$
NET REVENUE			7,419,460,643				8,556,096,390				57,823,183
Cost of revenue			(5,378,876,612)				(6,145,159,916)				(41,529,769)
GROSS PROFIT			2,040,584,031				2,410,936,474				16,293,414
Selling, general, and administrative expenses			(1,802,047,253)				(2,055,180,818)				(13,889,172)
INCOME FROM OPERATIONS			238,536,778				355,755,656				2,404,242
OTHER INCOME (EXPENSE)
Interest income			325,182				3,801,610				25,691
Interest expense			(12,751,685)				(13,514,164)				(91,330)
Grant income			14,205,788				14,902,919				100,716
Unrealized (loss) gain on short-term investment			(168,000)				140,000				946
Loss on disposal of long-lived assets			-				(168,973)				(1,142)
Loss on disposal of a subsidiary			(753,900)				-				-
Other income (expense), net			15,438,598				(16,773,644)				(113,358)
Total other income (expense), net			16,295,983				(11,612,252)				(78,477)
INCOME BEFORE INCOME TAX PROVISION			254,832,761				344,143,404				2,325,765
PROVISION FOR INCOME TAXES
Current			(69,425,173)				(92,067,891)				(622,206)
Deferred			39,664,246				(25,388,246)				(171,577)
Total provision for income taxes			(29,760,927)				(117,456,137)				(793,783)
NET INCOME			225,071,834				226,687,267				1,531,982
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES
Basic			24,910,660				24,910,619				24,910,619
Diluted			27,066,715				24,913,619				24,913,619
EARNINGS PER SHARE
Basic			9.04				9.10				0.06
Diluted			8.32				9.10				0.06

 

LEIFRAS CO., LTD. AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
		For the nine months ended September 30,
		2024				2025				2025
		JPY				JPY				US$
Cash flows from operating activities
Net income			225,071,834				226,687,267				1,531,982
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization expense			90,057,762				96,233,315				650,357
Loss on disposal of a subsidiary			753,900				-				-
Provision for expected credit loss			2,771,782				9,208,096				62,229
Loss on disposal of property and equipment			-				168,973				1,142
Accounts receivable written off as uncollectible			-				28,558				193
Provision for inventory impairment			3,403,261				424,180				2,867
Unrealized loss (gain) on short-term investment			168,000				(140,000)				(946)
Other non-cash expenses (income)			1,100,148				29,173,060				197,155
Deferred tax expense (benefit)			(39,664,246)				25,388,246				171,577
Changes in operating assets and liabilities
Accounts receivable, net			(1,051,687)				(46,613,686)				(315,021)
Inventories			(13,808,125)				3,286,945				22,214
Prepaid expenses			(105,900,505)				(19,854,842)				(134,182)
Long-term deposits			(6,998,055)				197,084				1,332
Amount due from a director			33,577,065				-				-
Other current assets			(25,969,080)				(23,505,064)				(158,850)
Other non-current assets			(10,722,988)				(6,694,591)				(45,243)
Accounts payable			(61,359,477)				(54,037,990)				(365,196)
Accrued liabilities			(204,167,728)				74,895,523				506,153
Contract liabilities			121,711,898				123,627,949				835,493
Operating lease liabilities			(400,151)				3,212,497				21,710
Income tax payable			(149,952,500)				(72,073,000)				(487,078)
Amount due to a director			-				(1,000,000)				(6,758)
Other current liabilities			36,020,082				(41,875,805)				(283,002)
Net cash (used in) provided by operating activities			(105,358,810)				326,736,715				2,208,128
Cash flows from investing activities
Cash outflow due to reduction in consolidated entities			(17,257,489)				-				-
Purchase of property and equipment			(11,926,248)				(42,598,215)				(287,884)
Purchase of intangible assets			(16,521,500)				(5,880,000)				(39,738)
Net cash used in investing activities			(45,705,237)				(48,478,215)				(327,622)
Cash flows from financing activities
Payment of finance lease liabilities			(43,259,590)				(64,438,481)				(435,483)
Proceeds from bank loans			250,000,000				-				-
Repayment of bank loans			(280,815,000)				(198,417,000)				(1,340,927)
Repayment of bond payable			(20,000,000)				(20,000,000)				(135,163)
Payment of deferred IPO costs			(129,983,403)				(97,282,052)				(657,445)
Net cash used in financing activities			(224,057,993)				(380,137,533)				(2,569,018)
Net decrease in cash			(375,122,040)				(101,879,033)				(688,512)
Cash at the beginning of period			2,729,282,346				2,538,554,638				17,155,874
Cash at the end of the period end			2,354,160,306				2,436,675,605				16,467,362
Supplementary cash flow information
Cash paid for income taxes			202,070,573				115,154,307				778,227
Cash paid for interest expenses			11,651,537				12,325,868				83,300

 

 

 

View original content:https://www.prnewswire.com/news-releases/leifras-co-ltd-reports-financial-results-for-the-nine-months-ended-september-30-2025-302646272.html

SOURCE LEIFRAS Co., Ltd.

FAQ

What were LEIFRAS (LFS) revenue and net income for the nine months ended Sept 30, 2025?

Revenue was JPY8.6B (+15.3% YoY) and net income was JPY226.7M (+0.7% YoY).

How much did LEIFRAS' social business revenue grow in the nine months ended Sept 30, 2025 (LFS)?

Social business revenue increased 36.4% YoY to JPY2.4B driven by +125 schools served.

What full-year 2025 guidance did LEIFRAS (LFS) provide on Dec 18, 2025?

LEIFRAS projected FY2025 revenue of JPY11.6–11.9B and operating income of JPY580.0–696.5M.

How did LEIFRAS' operating metrics change for sports schools by Sept 30, 2025 (LFS)?

Sports school members rose to 71,529 (+2.3%) and revenue in that segment grew 8.9% YoY.

What was LEIFRAS' cash position and operating cash generation as of Sept 30, 2025 (LFS)?

Cash was JPY2.4B and net cash provided by operating activities was JPY326.7M for the nine months.