LFS

MKT CAP:$55M

LEIFRAS Co., Ltd. American Depositary Shares

Market Cap

$55M

Consumer Defensive·Education & Training Services·🇯🇵 Japan·NASDAQ

Consumer Def.·Education·🇯🇵·NASDAQ

Stock Price

$2.09-$0.60 (-22.30%)

Apr 20, 2026

Company Details

A sports and social business company in Japan. It operates children’s sports schools and organizes sports events, and also has social business activities in community engagement.

CEO

Kiyotaka Ito

IPO Date

Oct 8, 2025

Website

leifras.co.jp

Key Metrics TTM

Revenue

$130M

+14.1% YoY

Net Income

$6M

EPS (Diluted)

$0.25

Free Cash Flow

$5M

Revenue / Share

$5.18

Gross Margin

29.9%

Operating Margin

7.0%

Net Margin

4.9%

FCF Margin

4.2%

P/S

0.4x

P/E

8.5x

Earnings Reports

FY 2025

Dec 30, 2025

$76M+18.1%EPS $0.12

Q4 2025

Dec 30, 2025

$40M+8.8%EPS $0.10

Q3 2025

Sep 30, 2025

$19M+15.7%EPS $0.04

Q2 2025

Jun 29, 2025

$33M+6.7%EPS $0.01

FY 2024

Dec 31, 2024

$65M+11.0%EPS $0.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 23	$31M	$7M	$405.0K
Q4 23	$35M	$8M	$2M
Q2 24	$31M	$8M	$213.3K
Q3 24	$17M	$5M	$1M
Q4 24	$37M	$11M	$3M
Q2 25	$33M	$9M	$411.8K
Q3 25	$19M	$6M	$2M
Q4 25	$40M	$13M	$4M

Valuation

Quarter	P/S	P/E
Q2 23	—	—
Q4 23	—	—
Q2 24	—	—
Q3 24	0.9x	31.1x
Q4 24	0.8x	18.3x
Q2 25	0.8x	22.9x
Q3 25	0.9x	19.2x
Q4 25	0.6x	11.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$2M	$2M
Q4 23	$3M	$3M
Q2 24	-$1M	-$1M
Q3 24	$670.1K	$660.7K
Q4 24	$3M	$3M
Q2 25	$2M	$2M
Q3 25	$87.3K	$79.1K
Q4 25	$974.7K	$975.8K

Capital Expenditures

Quarter	CapEx
Q2 23	$0
Q4 23	$25.5K
Q2 24	$74.0K
Q3 24	$9.4K
Q4 24	$26.7K
Q2 25	$256.9K
Q3 25	$8.2K
Q4 25	$1.1K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 24	+17.8%	+8.9%
Q2 25	-3.7%	+1.9%
Q3 25	-38.4%	-43.8%
Q4 25	+142.9%	+140.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q2 23	$7M
Q4 23	$6M
Q2 24	$8M
Q3 24	$5M
Q4 24	$8M
Q2 25	$8M
Q3 25	$6M
Q4 25	$9M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 24	$15M	$33.0K	$15M
Q4 24	$16M	$30.9K	$16M
Q2 25	$16M	$29.5K	$16M
Q3 25	$15M	$31.8K	$15M
Q4 25	$16M	$0	$16M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 23	26M	—	—
Q4 23	26M	0.0%	—
Q2 24	26M	0.0%	—
Q3 24	26M	0.0%	—
Q4 24	26M	0.0%	0.0%
Q2 25	26M	0.0%	0.0%
Q3 25	26M	0.0%	0.0%
Q4 25	25M	-4.2%	-4.2%

Shares Outstanding