Logo

LFS

LEIFRAS Co., Ltd. American Depositary Shares

LFS

LEIFRAS Co., Ltd. American Depositary Shares • NASDAQ
$5.10 ▼ -4.14% (-0.22)
Market Cap $133.42 M
52w High $12.49
52w Low $1.58
Dividend Yield 0%
P/E 46.36
Volume 52.25K
Outstanding Shares 26.16M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $2.543B ▲ $4.496B ▲ $3.455B ▲ $1.041B ▲
Q2-2024 $2.442B $4.035B $3.332B $703.249M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement Over the past few years, LFS has shown steady, healthy growth in sales and profits. Revenue has climbed each year, and profitability has improved at every level, from gross profit through operating income down to net income. Earnings per share have grown strongly, suggesting the core business model is scaling well and becoming more efficient as it grows. Overall, the income statement points to a company that is successfully converting its educational offering and network into rising and increasingly solid profits, rather than just chasing growth for its own sake.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid for a growing education business. Total assets have been increasing, and shareholder equity has been building up, which indicates retained profits are strengthening the company’s financial base. LFS carries a noticeable amount of debt, but that load has begun to edge down while equity rises, which means leverage risk is trending in the right direction. Cash levels remain high relative to the size of the business, even though they slipped slightly in the most recent year, giving the company a useful cushion for expansion and shocks. Overall, the structure suggests a business moving from a more leveraged, early‑growth profile toward a sturdier footing.

Cash Flow

Cash Flow Cash generation is positive but bumpier than the income statement suggests. Operating cash flow has been solidly positive in all reported years, yet it dipped in the latest period despite higher profits, likely due to working capital swings or timing of collections and payments. Capital spending has been modest, so free cash flow remains positive, though it also fell in the most recent year. This pattern is typical of a growing service business but worth watching: the key question is whether LFS can keep turning its rising earnings into consistently strong cash inflows as it scales and expands geographically.

Competitive Edge

Competitive Edge LFS appears to hold a strong niche position in Japan’s children’s sports education market. Its edge comes less from technology and more from brand, scale, and deep community relationships. A large nationwide network of schools, recognized focus on character and non‑cognitive skills, and long‑standing ties with municipalities and educational institutions create meaningful barriers for smaller or newer players. Government and community contracts, such as public school facility management, reinforce this embedded position. However, the moat relies heavily on reputation, execution quality, and continued public‑sector goodwill rather than hard intellectual property, and the business is still heavily concentrated in Japan, which creates geographic and policy‑related risks.

Innovation and R&D

Innovation and R&D Innovation at LFS is centered on educational design and program development rather than cutting‑edge technology. The company differentiates itself through its teaching philosophy, structured curriculum, and integration of social impact services, including programs for children with developmental disabilities and support for schools and senior facilities. Collaborations with universities and professional sports teams add credibility and help evolve the offering. Management also highlights newer product concepts and a growing “social business” arm as innovation engines. Looking ahead, the main innovation levers are likely to be new program formats, international adaptation of its model, and potential digital tools to support coaches and track student development—though so far, there is little evidence of proprietary tech that would create a strong technology-based moat.

Summary

Overall, LFS combines a clear niche, growing profitability, and an improving balance sheet with a business model built on pedagogy, brand, and community ties rather than technology. Financially, it is transitioning from early‑stage, debt‑supported growth to a more self‑funded, equity‑strengthening profile, albeit with some volatility in cash conversion. Strategically, its entrenched position in Japan’s youth sports education and social business segments is a notable strength, but it also concentrates risk in one country and in relationships with public institutions. The next phase—especially international expansion and any move into more digital or scalable offerings—will likely determine whether LFS can extend its moat beyond Japan and convert its educational philosophy into a broader, more diversified growth platform.

NEWS

November 13, 2025 · 8:00 AM UTC

LEIFRAS Co., Ltd. to Host First Half of Fiscal Year 2025 Earnings Calls on Thursday, November 20, 2025

Read more

November 5, 2025 · 8:00 AM UTC

LEIFRAS Co., Ltd. Awarded Contract for Nagoya City Regional Club Activity Facility Management and Operation Services

Read more

October 30, 2025 · 4:50 PM UTC

LEIFRAS Co., Ltd. Reports Financial Results of Six Months Ended June 30, 2025

Read more

October 10, 2025 · 11:00 AM UTC

LEIFRAS Co., Ltd. Announces Closing of Initial Public Offering

Read more

October 9, 2025 · 9:00 AM UTC

LEIFRAS Co., Ltd. Announces Listing on the Nasdaq Capital Market in the U.S.

Read more