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Financial results presentation7085CURVES HOLDINGS Co.,Ltd.Information and Communications, Services and Others

Supplementary Explanatory Materials on the Fiscal Year Ending August 2025 Results and the Medium-Term Vision

2025年8月期は、売上高が会社予想を下回った一方、営業利益・経常利益・純利益は予想を上回った。2026年8月期の増収増益予想、月会費の値上げ、新ブランドなどの出店拡大、中期ビジョンを示した。

Worth reading
66In 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
9.5
Hundreds of millions of yen
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentation2025年8月期 通期11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥37,566 million+5.9%
Operating profit¥6,342 million+16.2%
Ordinary income¥6,481 million+18.4%
Net income¥4,303 million+20.6%
Selling, general and administrative expenses¥9,706 million
Gross Profit Margin
Rate42.7%
Year-on-year change (points)前年同期と同じ42.7%
Operating profit margin
Rate16.9%
Year-on-year change (points)前年同期15.4%から1.5ポイント上昇
Results for the three months of the current quarter
2025年8月期4Q（6-8月）
Net Sales
¥9,822 million
Operating profit
¥1,298 million
Ordinary income
¥1,409 million
Net income
¥1,074 million
Full-year earnings forecast
Fiscal year ending August 2026
Net Sales
413 Hundreds of millions of yen
Operating profit
73 Hundreds of millions of yen
Ordinary income
72.5 Hundreds of millions of yen
Net income for the current fiscal year
47 Hundreds of millions of yen
Year-end members90-91万名
Number of Stores at Period-End2,124店舗
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in gross profit¥903 million
  • 会員増によるロイヤルティ等収入増加
  • 会員向け物販粗利率の悪化（原材料費高騰）
  • 人件費増・システム投資による減価償却費増
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • プロテイン原材料価格
    AssumptionsExpected to rise significantly
  • Foreign Exchange
    Assumptions円安による粗利益率悪化を見込む
New initiatives
  • 女性カーブスとメンズ・カーブスの月会費を新規会員は2025年9月から、既存会員は2026年4月から300円（税別）値上げ
  • 新ブランドXの多店舗展開（2026年8月期は年間35-45店舗出店予定）
  • Accelerating store openings for Men's Curves
  • おうちでカーブスWプランなどオンラインサービスの強化
  • Expanding collaboration with local governments and medical institutions
  • プロテイン原材料価格高騰への根本対策として新商品を2027年または2028年に投入予定
Key KPIsA metric the company considers important as a management benchmark.
  • Membership86.3 万名
    Year on year against the same period last year前期末比+4.6万名
  • Store count1,996 Location
    Year on year against the same period last year前期末比+18店舗
  • Chain sales856 Hundreds of millions of yen
    Year on year against the same period last year+5.7%
  • 平均月次退会率2.07 %
    Year on year against the same period last year前期比0.1%低減
  • オンラインサービス利用者5.4 万名
  • カーブスアプリ利用者53.3 万名
Segment results
Regional breakdown
Domestic
Net Sales
¥36,993 million+5.8%
Operating profit
¥8,404 million+12.5%
Overseas expansion
Net Sales
¥572 million+15.4%
Operating profit
¥-351 million
Medium-term management plan targets
Fiscal year ending August 2030
Number of stores2,600 stores
Membership1.2 million members
Chain sales¥130 billion
Net Sales¥56 billion
Operating profit¥10.3 billion
Fiscal year ending August 2035
Number of stores3,150店舗（コミットメント）、3,500店舗（ターゲット）
Membership140万人（コミットメント）、150万人（ターゲット）
Chain sales1,800億円（コミットメント）、2,000億円（ターゲット）
Net Sales780億円（コミットメント）、850億円（ターゲット）
Operating profit180億円（コミットメント）、200億円（ターゲット）
Financial targets
営業利益・EBITDA・FCF年平均成長率10%以上
ROICMaintain 12% or higher and target 15%
2025年8月期ROIC実績15.4%
Number of stores and locations
Number of Stores at Period-End1,996店舗（国内）
Number of store openings and closures during the period出店25店舗、閉店7店舗、純増18店舗
Capital expenditures
¥151 millions purchases of property, plant and equipment
Annual Dividend
Annual dividend per share¥17
Interim Dividend¥8
Year-end dividend¥9
Payout ratio
Rate36.4%
TargetConsolidated payout ratio of 50%
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period Covered2025年8月期 通期
Net Sales¥37,566 million (YoY +5.9%)
Operating profit¥6,342 million (YoY +16.2%)
Ordinary income¥6,481 million (YoY +18.4%)
Net income¥4,303 million (YoY +20.6%)
Gross Profit MarginRate 42.7% / Year-on-year change (points) 前年同期と同じ42.7%
Operating profit marginRate 16.9% / Year-on-year change (points) 前年同期15.4%から1.5ポイント上昇
Selling, general and administrative expenses¥9,706 million
Results for the three months of the current quarterSubject 2025年8月期4Q（6-8月） / Net Sales ¥9,822 million / Operating profit ¥1,298 million / Ordinary income ¥1,409 million / Net income ¥1,074 million
Full-year earnings forecastSubject Fiscal year ending August 2026 / Net Sales 413 Hundreds of millions of yen / Operating profit 73 Hundreds of millions of yen / Ordinary income 72.5 Hundreds of millions of yen / Net income for the current fiscal year 47 Hundreds of millions of yen / Year-end members 90-91万名 / Number of Stores at Period-End 2,124店舗
Segment resultsRegional breakdown Domestic Net Sales ¥36,993 million (YoY +5.8%) / Operating profit ¥8,404 million (YoY +12.5%) / Overseas expansion Net Sales ¥572 million (YoY +15.4%) / Operating profit ¥-351 million
Breakdown of Factors Affecting the ChangeFactors Increase in gross profit / Amount ¥903 million, Factors 会員増によるロイヤルティ等収入増加 / Amount Not disclosed, Factors 会員向け物販粗利率の悪化（原材料費高騰） / Amount Not disclosed, Factors 人件費増・システム投資による減価償却費増 / Amount Not disclosed
Key KPIsIndicator name Membership / Value 86.3 万名 / Year on year against the same period last year 前期末比+4.6万名, Indicator name Store count / Value 1,996 Location / Year on year against the same period last year 前期末比+18店舗, Indicator name Chain sales / Value 856 Hundreds of millions of yen / Year on year against the same period last year 5.7 Hundreds of millions of yen, Indicator name 平均月次退会率 / Value 2.07 % / Year on year against the same period last year 前期比0.1%低減, Indicator name オンラインサービス利用者 / Value 5.4 万名 / Year on year against the same period last year Not disclosed, Indicator name カーブスアプリ利用者 / Value 53.3 万名 / Year on year against the same period last year Not disclosed
Number of stores and locationsNumber of Stores at Period-End 1,996店舗（国内） / Number of store openings and closures during the period 出店25店舗、閉店7店舗、純増18店舗
Assumptions Underlying the Business OutlookItem プロテイン原材料価格 / Assumptions Expected to rise significantly, Item Foreign Exchange / Assumptions 円安による粗利益率悪化を見込む
Medium-term management plan targetsFiscal year ending August 2030 Number of stores 2,600 stores / Membership 1.2 million members / Chain sales ¥130 billion / Net Sales ¥56 billion / Operating profit ¥10.3 billion / Fiscal year ending August 2035 Number of stores 3,150店舗（コミットメント）、3,500店舗（ターゲット） / Membership 140万人（コミットメント）、150万人（ターゲット） / Chain sales 1,800億円（コミットメント）、2,000億円（ターゲット） / Net Sales 780億円（コミットメント）、850億円（ターゲット） / Operating profit 180億円（コミットメント）、200億円（ターゲット）
Financial targets営業利益・EBITDA・FCF 年平均成長率10%以上 / ROIC Maintain 12% or higher and target 15% / 2025年8月期ROIC実績 15.4%
Annual DividendAnnual dividend per share ¥17 / Interim Dividend ¥8 / Year-end dividend ¥9
Payout ratioRate 36.4% / Target Consolidated payout ratio of 50%
Capital expenditures¥151 millions (purchases of property, plant and equipment)
New initiatives女性カーブスとメンズ・カーブスの月会費を新規会員は2025年9月から、既存会員は2026年4月から300円（税別）値上げ, 新ブランドXの多店舗展開（2026年8月期は年間35-45店舗出店予定）, Accelerating store openings for Men's Curves, おうちでカーブスWプランなどオンラインサービスの強化, Expanding collaboration with local governments and medical institutions, プロテイン原材料価格高騰への根本対策として新商品を2027年または2028年に投入予定
Items this document does not state (9)
Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesOrders 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.

2025年8月期は、会員数の増加でロイヤルティ等収入が増え、会員向け物販も契約者数の増加で伸長した。物販の粗利益率は原材料費高騰で悪化したが契約数増で補い、営業利益は増加した。2026年8月期第1四半期については、プロテイン原材料価格の高騰、円安、人的資本投資およびシステム投資の拡大によるコスト増を減益要因としている。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Supplementary Explanatory Materials on the Fiscal Year Ending August 2025 Results and the Medium-Term Vision | CURVES HOLDINGS Co.,Ltd. (7085) timely disclosure | Komori