Welcome to our dedicated page for Leifras Co. Ltd. SEC filings (Ticker: LFS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
LEIFRAS Co., Ltd. filings document foreign-issuer disclosures for a Japan-based sports and social business whose American depositary receipts trade under LFS. Its Form 6-K reports furnish financial statements, management discussion, investor presentations, annual results, and operating information for the sports school and social business segments.
The company’s regulatory record also covers shareholder meeting notices and results, amendments to its Articles of Incorporation, director elections, executive finance leadership changes, ADS-related voting materials, and material agreements. Recent 6-K disclosures also document the completed business transfer through which LEIFRAS acquired child development support and after-school day care service operations and commenced operations at four facilities in Miyagi Prefecture, Japan.
LEIFRAS Co., Ltd. director Yazawa Mitsuharu filed an initial Form 3 reporting his ownership in the company. The filing shows he holds 68,547 Ordinary Shares of LEIFRAS Co., Ltd. as of March 18, 2026, with all shares reported as held under direct ownership.
LEIFRAS Co., Ltd. director Arimori Masakazu filed an initial ownership report on Form 3. The filing shows he directly holds 17,094 Ordinary Shares of LEIFRAS following the reported position. This is a disclosure of existing ownership, not a new share purchase or sale.
LEIFRAS Co., Ltd. director Nakatsuji Kazutaka has filed an initial ownership report. The filing shows direct holdings of 14,837 Ordinary Shares of LEIFRAS. This Form 3 is a baseline disclosure of existing ownership and does not report any new share purchases or sales.
LEIFRAS Co., Ltd. director Inoue Kazuma has filed an initial Form 3 reporting his equity position in the company. The filing shows direct ownership of 101,298 Ordinary Shares as of March 18, 2026. This Form 3 records existing holdings and does not report any new share purchases or sales.
LEIFRAS Co., Ltd. director Ito Kazuko filed an initial Form 3, reporting beneficial ownership of 33,340 Ordinary Shares of the company. These shares are listed as held directly, and the filing does not indicate any recent purchase or sale activity, only the director’s existing stake.
LEIFRAS Co., Ltd. director Kawabata Hitoshi has filed an initial ownership report on Form 3. The filing shows that he directly holds 27,954 Ordinary Shares of the company as of March 18, 2026. This is an initial disclosure of his stake, not a new buy or sell transaction.
LEIFRAS Co., Ltd. director Ohno Hisashi filed an initial Form 3 reporting his ownership of the company’s ordinary shares. He holds 105,227 ordinary shares directly, plus 20,000 shares through Big Field Management Ltd. and 16,680 shares through Himikana Ltd., entities he controls with full voting and dispositive power.
LEIFRAS Co., Ltd. reported record fiscal 2025 results, with net revenue of $74.8M, up 13.5% year over year, driven by growth in both its sports school and social businesses. Income from operations rose 20.7% to $4.0M, while adjusted income from operations grew 41.8% to $4.4M, highlighting improved core profitability after excluding listing and transformational costs.
Net income increased to $2.8M, a 4.7% gain. The social business, which manages school club activities and after-school services, expanded revenue by 32.8%, and sports school revenue rose 7.8%. Operating cash flow reached $3.0M, and year-end cash was $16.1M, supporting a solid balance sheet with shareholders’ equity of $11.8M.
For 2026, Leifras forecasts net revenue of $95.7M, up 27.9% from 2025, and income from operations of $5.4M, a projected 33.9% increase, assuming no acquisitions, restructurings, or legal settlements. Management cites Japan’s club activity reform, which shifts school-based clubs to community and private operators between 2026 and 2031, as a structural tailwind for its social business.
LEIFRAS Co., Ltd., a Japan-based youth sports and social services provider, files its annual report on Form 20-F for the year ended December 31, 2025, outlining its business mix, leverage and key risks. The company operates 13 branded sports schools and a growing “social business” that includes school club support, after-school daycare and elderly care.
Sports schools remain the core, with 53.08% of 2025 revenue from membership fees and 17.39% from events. Social business contributed JPY3,168.3 million (about $20.2 million), or 27.0% of revenue, reflecting its increasing weight. As of December 31, 2025, LEIFRAS had JPY100,000,000 in short-term loans, JPY151,030,000 in current long-term loans, JPY24,422,000 in long-term loans, and in January 2026 issued JPY200,000,000 in unsecured bonds, underscoring substantial indebtedness.
The report highlights dependence on student enrollments, competition in Japan’s fragmented youth sports market, reliance on public contracts for social business, and sensitivity to Japan’s economic conditions, inflation and demographic decline. Operational risks include accidents at facilities, labor rigidity from a full-time coach model, lease and facility access risks, data protection, AI-related uncertainties and material weaknesses in internal control over financial reporting. Founder and CEO Kiyotaka Ito controls about 50.37% of ordinary shares, concentrating voting power and influencing corporate decisions.
LEIFRAS CO., LTD. reported a leadership change in its finance team. On March 27, 2026, Mitsuharu Yazawa resigned as Chief Financial Officer, effective immediately, while remaining on the Board of Directors. The company’s Board appointed Rei Yamamoto as the new CFO the same day.
Yamamoto has extensive finance and FP&A experience at Adecco and Akkodis and has led LEIFRAS’s NASDAQ IPO preparation since April 2025. The company stated that Yazawa’s resignation as CFO was not due to any disagreement over operations, policies, or practices.