Worth reading
56In 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
7.6
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales13,623¥ millionYear on year -1.6%Progress 49.8%
Operating profit3,961¥ millionYear on year +7.6%Progress 51.7%
Ordinary income3,964¥ millionYear on year +7.3%Progress 52.0%
Net income attributable to owners of the parent1,675¥ millionYear on year -1.5%Progress 51.9%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥47.47
Financial position at period-end
Total assets71,918¥ million
of which net assets 46,296 ¥ millionEquity ratio 53.4%vs. prior year-end +0.9pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+3,697
Investment-2,672
Financials-2,329
Net change-1,304
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥18,711 million
Segment revenueSegment Sports Club Business / Current fiscal year ¥6,326,060 thousand / Same period of the previous year ¥6,210,558 thousand / yoy_pct ¥1.9 thousand, Segment Hotel Business / Current fiscal year ¥6,396,767 thousand / Same period of the previous year ¥6,019,900 thousand / yoy_pct ¥6.3 thousand, Segment Real estate business / Current fiscal year ¥900,519 thousand / Same period of the previous year ¥1,612,449 thousand / yoy_pct ¥-44.2 thousand, Segment Other businesses / Current fiscal year ¥0 thousand / Same period of the previous year Not disclosed / yoy_pct Not disclosed
Segment profitSegment Sports Club Business / Current fiscal year ¥1,048,952 thousand / Same period of the previous year ¥679,583 thousand / yoy_pct Not disclosed, Segment Hotel Business / Current fiscal year ¥2,574,879 thousand / Same period of the previous year ¥2,417,687 thousand / yoy_pct Not disclosed, Segment Real estate business / Current fiscal year ¥340,082 thousand / Same period of the previous year ¥584,289 thousand / yoy_pct Not disclosed, Segment Other businesses / Current fiscal year ¥-3,551 thousand / Same period of the previous year Not disclosed / yoy_pct Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥27,370 million (YoY -0.8%)
Operating profit¥7,660 million (YoY +2.5%)
Ordinary income¥7,630 million (YoY +2.1%)
Net income¥3,230 million (YoY -9.0%)
Revision to Earnings ForecastNot disclosed → Not disclosed
Annual Dividend Forecast¥10 → ¥14（+40.0%）
Factors Behind Changes in Business Performance
Persistently high inflation, weaker consumer sentiment, continued yen weakness and worsening conditions in the Middle East. At the sports clubs, improvements to customer service, enhanced studio programs, stronger advertising, promotions and events, training equipment upgrades, and monthly membership fee revisions. At the hotels, expanded OTA offerings and reviews of breakfast and dinner services. In real estate, lower revenue due to the反動 following the sale of a rental apartment building in the same period of the previous year.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not applicable
Impairment lossAmount No applicable matters / Subject assets No applicable matters
Breakdown of extraordinary income (loss)Extraordinary income No / Extraordinary loss Loss on disposal of fixed assets ¥290 thousand
Depreciation and amortization¥1,167 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts
Issued Shares at Period-End38,315,000
Treasury Shares at Period-End3,278,493
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥13,623 million (YoY -1.6%) |
| Operating profit | ¥3,961 million (YoY +7.6%) |
| Ordinary income | ¥3,964 million (YoY +7.3%) |
| Profit attributable to owners of the parent | ¥1,675 million (YoY -1.5%) |
| Net income per share | ¥47.47 |
| Equity ratio | End of the current fiscal period 53.4 / End of previous period 52.5 |
| Total assets | ¥71,918 million |
| Net assets | ¥46,296 million |
| Cash flows from operating activities | ¥3,697 million |
| Cash flows from investing activities | ¥-2,672 million |
| Cash flows from financing activities | ¥-2,329 million |
| Cash and cash equivalents at end of period | ¥18,711 million |
| Full-year earnings forecast | Net Sales ¥27,370 million (YoY -0.8%) / Operating profit ¥7,660 million (YoY +2.5%) / Ordinary income ¥7,630 million (YoY +2.1%) / Net income ¥3,230 million (YoY -9.0%) |
| Revision to Earnings Forecast | Not disclosed → Not disclosed |
| Annual Dividend Forecast | ¥10 → ¥14（+40.0%） |
| Segment revenue | Segment Sports Club Business / Current fiscal year ¥6,326,060 thousand / Same period of the previous year ¥6,210,558 thousand / yoy_pct ¥1.9 thousand, Segment Hotel Business / Current fiscal year ¥6,396,767 thousand / Same period of the previous year ¥6,019,900 thousand / yoy_pct ¥6.3 thousand, Segment Real estate business / Current fiscal year ¥900,519 thousand / Same period of the previous year ¥1,612,449 thousand / yoy_pct ¥-44.2 thousand, Segment Other businesses / Current fiscal year ¥0 thousand / Same period of the previous year Not disclosed / yoy_pct Not disclosed |
| Segment profit | Segment Sports Club Business / Current fiscal year ¥1,048,952 thousand / Same period of the previous year ¥679,583 thousand / yoy_pct Not disclosed, Segment Hotel Business / Current fiscal year ¥2,574,879 thousand / Same period of the previous year ¥2,417,687 thousand / yoy_pct Not disclosed, Segment Real estate business / Current fiscal year ¥340,082 thousand / Same period of the previous year ¥584,289 thousand / yoy_pct Not disclosed, Segment Other businesses / Current fiscal year ¥-3,551 thousand / Same period of the previous year Not disclosed / yoy_pct Not disclosed |
| Depreciation and amortization | ¥1,167 million |
| Impairment loss | Amount No applicable matters / Subject assets No applicable matters |
| Breakdown of extraordinary income (loss) | Extraordinary income No / Extraordinary loss Loss on disposal of fixed assets ¥290 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name Not applicable |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Analysts |
| Issued Shares at Period-End | 38,315,000 |
| Treasury Shares at Period-End | 3,278,493 |
| Factors Behind Changes in Business Performance | Persistently high inflation, weaker consumer sentiment, continued yen weakness and worsening conditions in the Middle East. At the sports clubs, improvements to customer service, enhanced studio programs, stronger advertising, promotions and events, training equipment upgrades, and monthly membership fee revisions. At the hotels, expanded OTA offerings and reviews of breakfast and dinner services. In real estate, lower revenue due to the反動 following the sale of a rental apartment building in the same period of the previous year. |
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events
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 factors cited were persistently high inflation, weaker consumer sentiment, continued yen weakness and worsening conditions in the Middle East. In terms of operations, the company strengthened customer service, programs and advertising at its sports clubs, updated equipment, revised monthly membership fees and expanded its hotel OTA offerings. The real estate business recorded lower revenue due to the反動 following the sale of a rental apartment building in the same period of the previous year.
How to read this page
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