Worth reading
59In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-2106
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥64,933 million+1.9%
Operating profit¥1,565 million-19.6%
Ordinary income¥795 million-35.1%
Net income¥-2,106 million
Operating profit margin2.4 %
Results for the three months of the current quarter
Net Sales
¥15,561 million
Operating profit
¥-281 million
Full-year earnings forecast
Net Sales
¥68,000 million
Operating profit
¥1,800 million
Ordinary income
¥900 million
Net income
¥500 million
Earnings per share
¥25.38
Dividend per share
¥13
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Below earnings forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Growth in active memberships and higher membership fees per member; M&A in the nursing care and rehabilitation business¥1,196 million
Cost of sales
Lower costs in the home fitness business, among other factors¥-173 million
Sales promotion expenses
Opening of 2 sports clubs, increased sales promotion activities, and other factors¥95 million
Personnel Expenses
Higher salary levels, strengthened hiring efforts, increased headcount associated with the merger, and other factors¥-1,084 million
Utilities expenses
¥479 million
Other facility expenses, etc.
Investment in existing stores, changes to Oasis' accounting treatment associated with the merger, and other factors¥-894 million
New initiatives
- Formulation of the 2026-2030 medium-term management plan
- Closure of 6 unprofitable sports clubs
- Consolidation of 楓の風 as a subsidiary
- Acquisition of the business operations of 5 マイリハ facilities
- Acquisition of the business operations of 8 facilities operated by 東急スポーツシステム
Key KPIsA metric the company considers important as a management benchmark.
- Sports club business year-end active memberships442,085 PeopleYear on year against the same period last year+1.7%
- Membership fee per member (cumulative full-year)¥10,193Year on year against the same period last yearUp 2.2% (from ¥9,972 to ¥10,193)
- Membership cancellation rate (cumulative full-year)3.2 %Year on year against the same period last yearUp 0.1 percentage points year on year
- Number of group facilities330 Facility
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Membership
442,085 People
Year on year against the same period last year+1.7%
Membership fee per member
¥10,193
Year on year against the same period last yearUp from ¥9,972 in fiscal 2024
Segment results
Total fitness division
Net Sales
¥29,200 million
Year on year against the same period last year+2.1%
Swimming schools
Net Sales
¥13,683 million
Year on year against the same period last year+4.5%
Tennis schools
Net Sales
¥4,499 million
Year on year against the same period last year+6.4%
Other schools
Net Sales
¥1,781 million
Year on year against the same period last year-0.4%
Total schools division
Net Sales
¥19,963 million
Year on year against the same period last year+4.5%
Total retail division
Net Sales
¥819 million
Year on year against the same period last year+3.8%
Total other income
Net Sales
¥5,161 million
Year on year against the same period last year+0.6%
Total sports facility revenue
Net Sales
¥55,145 million
Year on year against the same period last year+2.8%
Health promotion for local communities and companies
Net Sales
¥3,382 million
Year on year against the same period last year+4.2%
Nursing care and rehabilitation
Net Sales
¥2,467 million
Year on year against the same period last year+22.1%
Home fitness
Net Sales
¥3,938 million
Year on year against the same period last year-18.6%
Number of stores and locations
Number of facilities at period end330 Facility
During the period
Store openings and facility launches12
Store closures and exits7
Annual Dividend
¥13
BreakdownInterim ¥4.0; year-end ¥9.0
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥64,933 million (YoY +1.9%) |
| Operating profit | ¥1,565 million (YoY -19.6%) |
| Ordinary income | ¥795 million (YoY -35.1%) |
| Net income | ¥-2,106 million |
| Operating profit margin | 2.4 % |
| Results for the three months of the current quarter | Net Sales ¥15,561 million / Operating profit ¥-281 million |
| Full-year earnings forecast | Net Sales ¥68,000 million / Operating profit ¥1,800 million / Ordinary income ¥900 million / Net income ¥500 million / Earnings per share ¥25.38 / Dividend per share ¥13 |
| Self-assessment against the plan | Below earnings forecast |
| Segment results | Total fitness division Net Sales ¥29,200 million / yoy_pct 2.1 / Swimming schools Net Sales ¥13,683 million / yoy_pct 4.5 / Tennis schools Net Sales ¥4,499 million / yoy_pct 6.4 / Other schools Net Sales ¥1,781 million / yoy_pct -0.4 / Total schools division Net Sales ¥19,963 million / yoy_pct 4.5 / Total retail division Net Sales ¥819 million / yoy_pct 3.8 / Total other income Net Sales ¥5,161 million / yoy_pct 0.6 / Total sports facility revenue Net Sales ¥55,145 million / yoy_pct 2.8 / Health promotion for local communities and companies Net Sales ¥3,382 million / yoy_pct 4.2 / Nursing care and rehabilitation Net Sales ¥2,467 million / yoy_pct 22.1 / Home fitness Net Sales ¥3,938 million / yoy_pct -18.6 |
| Breakdown of Factors Affecting the Change | Net Sales Growth in active memberships and higher membership fees per member; M&A in the nursing care and rehabilitation business ¥1,196 million / Cost of sales Lower costs in the home fitness business, among other factors ¥-173 million / Sales promotion expenses Opening of 2 sports clubs, increased sales promotion activities, and other factors ¥95 million / Personnel Expenses Higher salary levels, strengthened hiring efforts, increased headcount associated with the merger, and other factors ¥-1,084 million / Utilities expenses ¥479 million / Other facility expenses, etc. Investment in existing stores, changes to Oasis' accounting treatment associated with the merger, and other factors ¥-894 million |
| Key KPIs | Sports club business year-end active memberships 442,085 People, Membership fee per member (cumulative full-year) ¥10,193, Membership cancellation rate (cumulative full-year) 3.2 %, Number of group facilities 330 Facility |
| Unit price and quantity metrics | Membership 442,085 People / Membership fee per member ¥10,193 |
| Number of stores and locations | Number of facilities at period end 330 Facility / During the period Store openings and facility launches 12 / Store closures and exits 7 |
| Annual Dividend | ¥13 |
| New initiatives | Formulation of the 2026-2030 medium-term management plan, Closure of 6 unprofitable sports clubs, Consolidation of 楓の風 as a subsidiary, Acquisition of the business operations of 5 マイリハ facilities, Acquisition of the business operations of 8 facilities operated by 東急スポーツシステム |
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The increase in revenue was attributable to growth in active memberships and higher membership fees per member in the sports club business, as well as the consolidation of 楓の風 as a subsidiary. The decline in operating profit was due to higher personnel expenses resulting from increased salary levels and higher facility expenses associated with the merger with Oasis. The shortfall against the earnings forecast was primarily due to sluggish growth in the home fitness business and the recognition of extraordinary losses.
How to read this page
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