Worth reading
73In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
10
¥100 million (amount of upward revision to full-year revenue forecast)Wording
Definitive
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFY2026/08 Second Quarter (Interim Period)12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥19,967 million+109.8%
Operating profit¥3,835 million+113.5%
Ordinary income¥3,745 million+112.5%
Net income¥2,229 million+105.8%
Gross Profit Margin42.9%
Operating profit margin19.2%
Selling, general and administrative expenses¥4,734 million
Results for the three months of the current quarter
Net Sales
¥10,324 million
Operating profit
¥2,030 million
Ordinary income
¥1,989 million
Net income
¥1,176 million
Full-year earnings forecast
Net Sales
423 Hundreds of millions of yen
Operating profit
77 Hundreds of millions of yen
Ordinary income
75.7 Hundreds of millions of yen
Net income for the current fiscal year
48.5 Hundreds of millions of yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
All items finished above plan and the year-earlier period, representing an upside outcomeBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Higher royalty and other revenue due to membership growth
- Higher revenue due to improved retention of merchandise subscriptions for members
- Review of product promotion and various administrative costs
- Higher personnel expenses and depreciation from system investments
The company identifies the factors but does not state the amount attributable to each one.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average exchange rate during the period
151.04 JPY/USD
New initiatives
- Partnership agreement with Joyo, Kyoto Prefecture, on health promotion
- Renewal and expansion of the shareholder benefits program
- Accelerated openings of Men's Curves and PINT-UP stores
- Beginning in June 2026, a trial of extended hours and unmanned operations at approximately 30 franchise locations
Key KPIsA metric the company considers important as a management benchmark.
- Chain sales449.2 Hundreds of millions of yenYear on year against the same period last year+106.3%
- Membership fees and enrollment fees sales327.5 Hundreds of millions of yen
- Sales of merchandise to members121.6 Hundreds of millions of yen
- Membership87.9 10,000 peopleYear on year against the same period last year+50,000 people
- Average monthly cancellation rate in 2Q2.16 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Membership87.9 10,000 peopleYear on year against the same period last year+50,000 people
- Protein subscription contractsYear on year against the same period last year1.8x over 18 months
- Skip-rate index for member merchandise subscriptions74.5 IndexYear on year against the same period last yearImproved by 25.5 points
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
Operating profit margin18%
Fiscal year ending August 2035
Number of stores3,500 stores
Membership1.5 million members
Chain sales¥200 billion
Net Sales¥85 billion
Operating profit¥20 billion
Operating profit margin24%
Financial targets
- Annual average growth rate of operating profit, EBITDA and free cash flowTarget10% or higher
- ROICTargetMaintain at least 12% and aim for 15%
Market Size / Share
Population aged 50-8555 million people
Baby-boomer generation7.6 million people
Baby boomer junior generation9.8 million people
Number of stores and locations
End of period2,081 Location
Stores opened during the period+23 stores (all business formats)
Annual Dividend
Annual dividend per share¥30
Breakdown
Interim10
End of period20
Payout ratio
57.0% (consolidated forecast)| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | FY2026/08 Second Quarter (Interim Period) |
| Net Sales | ¥19,967 million (YoY +109.8%) |
| Operating profit | ¥3,835 million (YoY +113.5%) |
| Ordinary income | ¥3,745 million (YoY +112.5%) |
| Net income | ¥2,229 million (YoY +105.8%) |
| Gross Profit Margin | 42.9% |
| Operating profit margin | 19.2% |
| Selling, general and administrative expenses | ¥4,734 million |
| Results for the three months of the current quarter | Net Sales ¥10,324 million / Operating profit ¥2,030 million / Ordinary income ¥1,989 million / Net income ¥1,176 million |
| Full-year earnings forecast | Net Sales 423 Hundreds of millions of yen / Operating profit 77 Hundreds of millions of yen / Ordinary income 75.7 Hundreds of millions of yen / Net income for the current fiscal year 48.5 Hundreds of millions of yen |
| Self-assessment against the plan | All items finished above plan and the year-earlier period, representing an upside outcome |
| Breakdown of Factors Affecting the Change | Factors Higher royalty and other revenue due to membership growth / Amount Not disclosed, Factors Higher revenue due to improved retention of merchandise subscriptions for members / Amount Not disclosed, Factors Review of product promotion and various administrative costs / Amount Not disclosed, Factors Higher personnel expenses and depreciation from system investments / Amount Not disclosed |
| Key KPIs | Indicator name Chain sales / Value 449.2 Hundreds of millions of yen / Year on year against the same period last year 106.3 Hundreds of millions of yen, Indicator name Membership fees and enrollment fees sales / Value 327.5 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name Sales of merchandise to members / Value 121.6 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name Membership / Value 87.9 10,000 people / Year on year against the same period last year +50,000 people, Indicator name Average monthly cancellation rate in 2Q / Value 2.16 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Membership / Value 87.9 10,000 people / Year on year against the same period last year +50,000 people, Indicator name Protein subscription contracts / Value Not disclosed / Year on year against the same period last year 1.8x over 18 months, Indicator name Skip-rate index for member merchandise subscriptions / Value 74.5 Index / Year on year against the same period last year Improved by 25.5 points |
| Number of stores and locations | End of period 2,081 Location / Stores opened during the period +23 stores (all business formats) |
| Assumptions Underlying the Business Outlook | Average exchange rate during the period Value 151.04 JPY/USD |
| Medium-term management plan targets | Fiscal 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 / Operating profit margin 18% / Fiscal year ending August 2035 Number of stores 3,500 stores / Membership 1.5 million members / Chain sales ¥200 billion / Net Sales ¥85 billion / Operating profit ¥20 billion / Operating profit margin 24% |
| Financial targets | Indicator Annual average growth rate of operating profit, EBITDA and free cash flow / Target 10% or higher, Indicator ROIC / Target Maintain at least 12% and aim for 15% |
| Annual Dividend | Annual dividend per share ¥30 / Breakdown Interim 10 / End of period 20 |
| Payout ratio | 57.0% (consolidated forecast) |
| Market Size / Share | Population aged 50-85 55 million people / Baby-boomer generation 7.6 million people / Baby boomer junior generation 9.8 million people |
| New initiatives | Partnership agreement with Joyo, Kyoto Prefecture, on health promotion, Renewal and expansion of the shareholder benefits program, Accelerated openings of Men's Curves and PINT-UP stores, Beginning in June 2026, a trial of extended hours and unmanned operations at approximately 30 franchise locations |
Items this document does not state (8)
Progress against full-year forecastSegment resultsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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 company attributes the upward revision to strong recent business momentum, including growth in membership, a lower cancellation rate, and new contracts and higher retention rates for merchandise sold to members.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.