LFSNasdaqServices-Educational ServicesUS GAAP · USD

LEIFRAS Co., Ltd.

LEIFRAS Co., Ltd. is a Japan-based sports and social business company focused on youth sports schools, sports events, and community-oriented coaching services. Its business combines direct sports instruction for children with a broader network model that includes partner facilities and local social programs.

Liikevaihto11,7mrd USD
+13,5 %v/v
Liikevoitto (EBIT)627milj. USD
+20,7 %v/v
EBIT-marginaali5,3%
+0,3 %-yks.v/v
Nettotulos438milj. USD
+4,7 %v/v
Vapaa kassavirta426milj. USD
+121,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2023–2025

0,02,55,07,510,012,5mrd USD2023: 9,3 mrd USD2023: EBIT 0,40 mrd USD20232024: 10,3 mrd USD2024: EBIT 0,52 mrd USD20242025: 11,7 mrd USD2025: EBIT 0,63 mrd USD202511,70,63
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Youth sports schools55 %

Instructional programs for children, centered on sports education and skill development.

Sports events15 %

Planning and operating sports events and related activities for children and communities.

Coach dispatch services15 %

Sending sports coaches to schools, facilities, and community programs.

Partner facility platform10 %

Programs delivered through partner kindergartens and daycare centers.

Sports goods and merchandise5 %

Uniforms and sports equipment used in program participation.

Tuotteet

Raportoitu · osuus liikevaihdosta
53,2%27,1%17,4%FY2025100 %
  • Sports School Business Membership53,2 %
  • Social Business27,1 %
  • Sports School Business Events17,4 %
  • Sports School Business Others2,3 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Leifras serves children and families who enroll in sports schools and related programs, as well as schools and partner facilities that host or support those services. It also sells services to community and local organizations that need coach dispatch, sports programming, or event operations. The partner-facility model makes child participation and recurring engagement important to the business.

Children and families

Buy sports school memberships and programs for skill building, fitness, and development.

Partner kindergartens and daycare centers

Host athletics and development programs through Leifras' partner-facility network.

Schools and local organizations

Purchase coach dispatch and sports programming for children and communities.

Municipal and community groups

Use event operations and social sports services to support participation and inclusion.

Strategia

Leifras is focused on widening membership through its partner-facility network and creating a stepwise development pathway across ages and sports disciplines. It is also pursuing consolidation in Japan’s fragmented sports and therapeutic education markets while using acquisitions to broaden capabilities and scale. The company has indicated interest in overseas acquisition opportunities where integration expertise can create strategic fit.

Grow membership through partner facilitiesLyhyt aikaväli

A broader facility network improves reach without building every site from scratch.

Cross-sell across age groupsKeskipitkä aikaväli

Keeping children in the ecosystem longer raises lifetime value and retention.

Acquire fragmented businessesKeskipitkä aikaväli

Acquisitions can add members, staff, and operational assets quickly.

Maantiede

Leifras is headquartered in Tokyo and its core business is centered in Japan. The company’s partner-facility network and sports-school operations appear concentrated domestically, with growth tied to local community reach and facility partnerships. The reports also reference potential overseas acquisitions, but the operating base remains Japan.

Riskit

Leifras depends on child participation, partner-facility access, and the successful execution of acquisitions, so execution risk is central to the model. The business is also exposed to regulatory, staffing, and integration challenges because it operates in education-adjacent services and community programs. Like other service businesses, it faces exposure to customer retention, reputational risk, and concentration in a single national market.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer retention and enrollment risk1Acquisition integration risk2Partner-facility dependence3Single-country concentration4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer retention and enrollment riskVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue depends on keeping children in sports programs over time.

    KohdistuuMembership churnYouth participation trends
  2. Acquisition integration riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company is using roll-up acquisitions to expand scale and capabilities.

    KohdistuuOperational integrationStaff retentionMember continuity
  3. Partner-facility dependenceVaikutus: KeskitasoTodennäköisyys: Korkea

    Growth relies on third-party kindergartens, daycare centers, and host sites.

    KohdistuuNetwork availabilityContract renewalSite-level disruptions
  4. Single-country concentrationVaikutus: KeskitasoTodennäköisyys: Korkea

    Core operations are centered in Japan, tying performance to one market.

    KohdistuuDomestic demandRegulationDemographic trends

Kirjanpito

Harkinnanvaraiset erät
Expected credit losses

Receivables are reviewed regularly and allowances are estimated from collection history and customer exposures.

Vaikutus: Affects reported receivables and bad debt expense

Goodwill impairment

Goodwill arises from acquisitions and must be tested at least annually.

Vaikutus: Can create material non-cash charges if acquired businesses underperform

Intangible asset amortization

Trademarks, software, and customer-related intangibles are amortized over finite lives.

Vaikutus: Affects operating expenses and post-acquisition earnings

Inventory valuation

Uniforms and sports equipment are carried at lower of cost or net realizable value.

Vaikutus: Can require write-downs if items become obsolete or slow-moving

Non-GAAP adjusted operating income

Management excludes listing-related and transformational expenses from adjusted results.

Vaikutus: Improves comparability but can obscure acquisition and transition costs

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

LEIFRAS Co., Ltd. (Nasdaq) – Services-Educational Services | Analyysi – Clarifo