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.
The SEC filings page for LEIFRAS Co., Ltd. (Nasdaq: LFS) provides access to the company’s regulatory disclosures as a foreign private issuer listed on the Nasdaq Capital Market. Leifras has filed a registration statement on Form F-1 in connection with its initial public offering of American Depositary Shares and submits current reports on Form 6-K under the Securities Exchange Act of 1934.
In its Form 6-K filings, Leifras furnishes unaudited consolidated financial statements and notes for reporting periods such as the nine months ended September 30, 2025, along with Management’s Discussion and Analysis of Financial Condition and Results of Operations. Exhibits to these reports can include financial statements, MD&A, investor presentations, and press releases. These materials provide detail on revenue, gross profit, net income, cash flows, and segment performance for the company’s sports school business and social business.
Through its filings, the company also discloses information related to its initial public offering, including the number of American Depositary Shares offered, the public offering price, and the effectiveness of its registration statement. Additional filings and exhibits may describe the use of proceeds from the offering, such as investment in human resources, expansion of sports school and social businesses, and working capital.
On this page, users can review Leifras’s SEC reports as they are made available through the EDGAR system. AI-powered tools on the platform summarize key sections of lengthy filings, highlight important financial and operational metrics, and help explain the context of exhibits such as investor presentations and press releases, making it easier to understand the company’s regulatory disclosures.
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.
LEIFRAS Co., Ltd. reported the results of its 25th Ordinary General Meeting of Shareholders held in Tokyo on March 27, 2026. Shareholders approved partial amendments to the Company’s Articles of Incorporation, which took effect at the close of the meeting.
They also elected 12 directors (excluding Audit and Supervisory Committee members), reappointing nine incumbent directors and adding three new directors: Rei Yamamoto, a senior finance leader who has been driving the Company’s NASDAQ IPO preparation; Tetsu Mizutani, a former senior executive at Suntory; and Tsuyoshi Nagatomi, a long-time Company executive now heading the President’s Office.
In addition, shareholders reappointed two directors, Masakazu Arimori and Kazutaka Nakatsuji, as members of the Audit and Supervisory Committee. The business report and financial statements for the year ended December 31, 2025 were presented to shareholders.
Leifras Co., Ltd. issued a correction to the notice for its 25th Ordinary General Meeting of Shareholders, scheduled in Tokyo on March 27, 2026 at 10:00 am Japanese Standard Time. The update refines the description of its non-life and life insurance-related business.
The corrected wording for Agenda Item No. 1 (Amendment to the Articles of Incorporation) now states that the company conducts business related to acting as an agent for various types of non-life insurance and the solicitation of life insurance. Leifras notes this correction is only a supplement and does not change the substance of the proposals or shareholders’ judgment.
LEIFRAS Co., Ltd. director and Chief Executive Officer Ito Kiyotaka filed an initial ownership report showing sizeable holdings of the company’s ordinary shares. He reports 7,314,502 ordinary shares held directly and an additional 5,861,640 ordinary shares held indirectly through K2MY Co., Ltd., a Japanese asset management company he controls, giving him voting and dispositive power over those shares. This filing establishes his status as a significant, more than ten percent, shareholder but does not reflect any recent share purchases or sales.
Leifras Co., Ltd. has called its 25th Ordinary General Meeting of Shareholders for March 27, 2026 in Tokyo and is presenting full-year 2025 results and major governance proposals. For 2025, net revenue reached ¥11,586,368,000, up 13.61%, while ordinary income was ¥474,506,000, down 1.59%, and net income was ¥298,930,000, down 21.71% as costs and one‑off listing-related items weighed on profit.
The company listed on the NASDAQ Capital Market in October 2025, issuing 1.25 million new shares at $4 each for total proceeds of $5 million and broadening its shareholder base via ADRs. Management proposes amending the Articles of Incorporation to add new business areas including childcare, disability welfare services, online education, non‑life insurance agency, and M&A-related services, and to increase the maximum number of non‑audit directors to 15 while electing 12 directors and two Audit and Supervisory Committee members.
Leifras highlights strong growth in its school club support and social business, re-contracting large public school sports programs in Nagoya and winning new mandates in Suita and Shibuya. It plans nationwide expansion by 2026, overseas growth using its sports education model, tighter risk and compliance controls, and heavier investment in instructor recruitment, training, and AI-driven efficiency. A subsequent event discloses an agreement to acquire a child welfare facility management business from Well Resources Co., Ltd. for ¥132 million effective May 1, 2026, which is expected to significantly influence future operations and earnings.