, /PRNewswire/ -- LEIFRAS Co., Ltd. (Nasdaq: LFS) (the "Company" or "Leifras"), a sports and social business company dedicated to youth sports and community engagement, today announced its unaudited financial results for the nine months ended September 30, 2025.

, /PRNewswire/ -- LEIFRAS 有限公司（纳斯达克：LFS）（“公司” 或 “Leifras”），是一家致力于青少年体育和社区参与的体育与社交企业，今天公布了截至2025年9月30日的未经审计财务业绩。

Financial Highlights for the N i ne Months Ended September 30, 2025

截至2025年9月30日的九个月财务亮点

Revenue was JPY8.6 billion ($57.8 million) for the nine months ended September 30, 2025, an increase of 15.3% from JPY7.4 billion for the same period last year.
Gross profit was JPY2.4 billion ($16.3 million) for the nine months ended September 30, 2025, an increase of 18.1% from JPY2.0 billion for the same period last year.
Gross margin was 28.2% for the nine months ended September 30, 2025, which increased from 27.5% for the same period last year.
Net income was JPY226.7 million ($1.5 million) for the nine months ended September 30, 2025, an increase of 0.7% from JPY225.1 million for the same period last year.
Basic and diluted earnings per share was JPY9.1 ($0.06) for the nine months ended September 30, 2025, compared to basic earnings per share of JPY9.0 and diluted earnings per share of JPY8.3 for the same period last year.

收入为 86 亿日元（5780 万美元），较去年同期的 74 亿日元增长 15.3%。
毛利润 为 24 亿日元（1630 万美元），较去年同期的 20 亿日元增长 18.1%。
毛利率 为 28.2%，较去年同期的 27.5% 有所上升。
净收入 为 2.267 亿日元（150 万美元），较去年同期的 2.251 亿日元增长 0.7%。
基本和稀释每股收益 为 9.1 日元（0.06 美元），相比之下，去年同期的基本每股收益为 9.0 日元，稀释每股收益为 8.3 日元。

Operational Highlights for the N i ne Months Ended September 30, 2025

截至2025年9月30日的九个月运营亮点

Number of members in the sports school business was 71,529 for the nine months ended September 30, 2025, an increase of 2.3% from 69,924 for the same period last year.
Average membership duration in the sports school business was 1.84 years for the nine months ended September 30, 2025, an increase of 1.1% from 1.82 years for the same period last year.
Revenue per capita in the sport school business, which we define as the sales revenue of the sports school business divided by the number of employees involved in that business, was JPY9.6 million ($0.06 million) for the nine months ended September 30, 2025, an increase of 6.2% from JPY9.0 million for the same period last year.
Number of schools served under the social business segment was 360 for the nine months ended September 30, 2025, an increase of 53.2% from 235 for the same period last year.
Revenue per capita in the social business, which we define as the sales revenue of the social business divided by the number of employees involved in that business, was JPY7.6 million ($0.05 million) for the nine months ended September 30, 2025, an increase of 18.6% from JPY6.4 million for the same period last year.

体育学校业务的会员人数 为 71,529 人，较去年同期的 69,924 人增长 2.3%。
体育学校业务的平均会员 时长为 1.84 年，较去年同期的 1.82 年增长 1.1%。
体育学校业务的人均收入，我们定义为体育学校业务的销售收入除以参与该业务的员工人数，为 960 万日元（6 万美元），较去年同期的 900 万日元增长 6.2%。
社会业务部门服务的学校数量 为 360 所，较去年同期的 235 所增长 53.2%。
社会业务的人均收入，我们定义为社会业务的销售收入除以参与该业务的员工人数，为 760 万日元（5 万美元），较去年同期的 640 万日元增长 18.6%。

Mr. Kiyotaka Ito, the Representative Director and Chief Executive Officer of Leifras, commented, "We delivered solid financial results in the first nine months of fiscal year 2025, with meaningful growth across our key financial and operational metrics. Revenue increased 15.3% and net income grew 0.7% from the same period last year. By segment, sports school business achieved revenue growth of 8.9% and social business revenue increased by 36.4% year over year. Our performance shows continued strength of our sports school business and expanding demand for our social business. Notably, revenue per capita in our social business rose by 18.6% year over year, highlighting the increasing value and impact of our community-based services. Looking ahead, we see meaningful opportunities in Japan's shifting policy landscape. The government's ongoing Club Activity Reform, which focuses on shifting school-based club activity management to regional and private organizations, is expected to create an important long-term growth pathway for Leifras. We recently secured a new contract with the City of Nagoya, Aichi Prefecture, to manage facilities at municipal junior high schools in Nagoya, marking an important step in our expansion strategy. We intend to actively pursue additional opportunities as municipalities seek specialized partners to deliver high-quality sports and community programs. In the future, we remain committed to cultivating the non-cognitive skills of children, strengthening community well-being, enhancing our service offerings, and delivering sustainable value to our shareholders and society."

Leifras 的代表董事兼首席执行官伊藤清高先生评论道：“在 2025 财年的前九个月，我们交出了稳健的财务业绩，关键财务和运营指标均实现了显著增长。收入增长 15.3%，净收入较去年同期增长 0.7%。按部门划分，体育学校业务实现了 8.9% 的收入增长，社会业务收入同比增长 36.4%。我们的表现显示出体育学校业务的持续强劲和社会业务需求的扩大。值得注意的是，社会业务的人均收入同比增长 18.6%，突显了我们基于社区的服务的价值和影响力。展望未来，我们看到日本政策环境变化带来的重要机遇。政府正在进行的俱乐部活动改革，重点将学校的俱乐部活动管理转移到地区和私营组织，预计将为 Leifras 创造重要的长期增长路径。我们最近与爱知县名古屋市签署了一项新合同，负责管理名古屋市的市立初中设施，这标志着我们扩展战略的重要一步。我们打算积极寻求更多机会，因为各市正在寻找专业合作伙伴来提供高质量的体育和社区项目。未来，我们将继续致力于培养儿童的非认知技能，加强社区福祉，提升我们的服务产品，并为我们的股东和社会提供可持续的价值。”

Financial Results for the Nine Months Ended September 30, 2025

截至2025年9月30日的九个月财务业绩

Revenue

收入

Total revenue was JPY8.6 billion ($57.8 million) for the nine months ended September 30, 2025, an increase of 15.3% from JPY7.4 billion for the same period last year.

截至2025年9月30日的九个月总收入为 86 亿日元（5780 万美元），较去年同期的 74 亿日元增长 15.3%。

Sports school business revenue was JPY6.2 billion ($41.9 million) for the nine months ended September 30, 2025, an increase of 8.9% from JPY5.7 billion for the same period last year. The increase in revenue was mostly driven by: (i) an increase in the number of members by 1,605, from 69,924 as of September 30, 2024 to 71,529 as of September 30, 2025, resulting in an increase in revenue of JPY315.7 million ($2.1 million) and (ii) an increase in the number of customers who joined events hosted by the Company from 136,695 for the nine months ended September 30, 2024 to 142,843 for the nine months ended September 30, 2025, leading to an increase in the sports school business revenue by JPY112.6 million ($0.8 million).

体育学校业务收入为 62 亿日元（4190 万美元），较去年同期的 57 亿日元增长 8.9%。收入增长主要受以下因素驱动：（i）会员人数增加 1,605 人，从2024年9月30日的 69,924 人增加到2025年9月30日的 71,529 人，导致收入增加 3.157 亿日元（210 万美元）；（ii）参加公司举办的活动的客户人数从2024年9月30日的 136,695 人增加到2025年9月30日的 142,843 人，导致体育学校业务收入增加 1.126 亿日元（80 万美元）。

Social business revenue was JPY2.4 billion ($15.9 million) for the nine months ended September 30, 2025, an increase of 36.4% from JPY1.7 billion for the same period last year. The increase in revenue was mostly driven by: (i) an increase in the number of schools by 125, from 235 as of September 30, 2024 to 360 as of September 30, 2025, resulting in an increase in revenue of JPY505.1 million ($3.4 million), and (ii) an increase in after-school daycare service revenue by JPY86.1 million ($0.6 million).

社会业务收入为 24 亿日元（1590 万美元），较去年同期的 17 亿日元增长 36.4%。收入增长主要受以下因素驱动：（i）学校数量增加 125 所，从2024年9月30日的 235 所增加到2025年9月30日的 360 所，导致收入增加 5.051 亿日元（340 万美元）；（ii）课后托管服务收入增加 8610 万日元（60 万美元）。

Cost of Revenue

收入成本

Cost of revenue was JPY6.1 billion ($41.5 million) for the nine months ended September 30, 2025, an increase of 14.2% from JPY5.4 billion for the same period last year.

截至2025年9月30日的九个月收入成本为 61 亿日元（4150 万美元），较去年同期的 54 亿日元增长 14.2%。

Gross Profit

毛利润

Gross profit was JPY2.4 billion ($16.3 million) for the nine months ended September 30, 2025, an increase of 18.1% from JPY2.0 billion for the same period last year.

截至2025年9月30日的九个月，毛利润为 24 亿日元（1630 万美元），比去年同期的 20 亿日元增长了 18.1%。

Gross margin was 28.2% for the nine months ended September 30, 2025, which increased from 27.5% for the same period last year.

截至2025年9月30日的九个月，毛利率为 28.2%，较去年同期的 27.5% 有所上升。

Selling, General, and Administrative Expenses

销售、一般和行政费用

Selling, general, and administrative expenses were JPY2.1 billion ($13.9 million) for the nine months ended September 30, 2025, an increase of 14.0% from JPY1.8 billion for the same period last year. The increase was attributed to (i) the increase in salaries and welfare expenses of JPY137.5 million ($0.9 million) due to business expansion as well as an increase in headquarters personnel in preparation for the Company's initial public offering ("IPO"), (ii) the increase in promotion fees of JPY8.2 million ($0.06 million) due to business expansion, (iii) the increase in office rental fees of JPY14.1 million ($0.1 million) due to business expansion, (iv) the increase in system maintenance fee expenses of JPY17.3 million ($0.1 million) incurred due to the increase in the number of employees, and (v) the increase in recruitment fees of JPY53.8 million ($0.4 million) due to business expansion as well as an increase in headquarters personnel in preparation for the Company's IPO.

截至2025年9月30日的九个月，销售、一般和行政费用为 21 亿日元（1390 万美元），比去年同期的 18 亿日元增长了 14.0%。增长的原因包括：(i) 由于业务扩展，薪资和福利费用增加了 1.375 亿日元（90 万美元），以及为公司首次公开募股（"IPO"）准备而增加的总部人员；(ii) 由于业务扩展，推广费用增加了 820 万日元（6 万美元）；(iii) 由于业务扩展，办公室租金费用增加了 1410 万日元（10 万美元）；(iv) 由于员工人数增加，系统维护费用增加了 1730 万日元（10 万美元）；(v) 由于业务扩展以及为公司 IPO 准备而增加的总部人员，招聘费用增加了 5380 万日元（40 万美元）。

Other Income (Expenses), Net

其他收入（费用），净额

Other expenses, net were JPY1.9 million ($0.01 million) for the nine months ended September 30, 2025, compared to other income, net of JPY28.7 million for the same period last year. The decrease was attributed to: (i) net franchise income collected (returned) of JPY27.4 million ($0.02 million), which was the payments refunded to the franchisees in connection with the transfer of certain business rights, (ii) an eviction compensation of JPY5.5 million ($0.04 million) received in connection with the vacating of a leased building. Interest expenses, net were JPY9.7 million ($0.07 million) for the nine months ended September 30, 2025, a decrease of 21.8% from JPY12.4 million for the same period last year.

截至2025年9月30日的九个月，其他费用净额为 190 万日元（1 万美元），而去年同期的其他收入净额为 2870 万日元。减少的原因包括：(i) 收取（退还）特许经营净收入 2740 万日元（2 万美元），这是与某些商业权利转让相关的支付退款；(ii) 与租赁建筑物的腾退相关的赔偿金 550 万日元（4 万美元）。截至2025年9月30日的九个月，净利息费用为 970 万日元（7 万美元），比去年同期的 1240 万日元减少了 21.8%。

Net Income

净收入

Net income was JPY226.7 million ($1.5 million) for the nine months ended September 30, 2025, an increase of 0.7% from JPY225.1 million for the same period last year.

截至2025年9月30日的九个月，净收入为 2.267 亿日元（150 万美元），比去年同期的 2.251 亿日元增长了 0.7%。

Basic and Diluted Earnings per Share

基本和稀释每股收益

Basic earnings per share was JPY9.10 ($0.06) for the nine months ended September 30, 2025, compared to JPY9.04 for the same period last year.

截至2025年9月30日的九个月，基本每股收益为 9.10 日元（0.06 美元），而去年同期为 9.04 日元。

Diluted earnings per share was JPY9.10 ($0.06) for the nine months ended September 30, 2025, compared to JPY8.32 for the same period last year.

截至2025年9月30日的九个月，稀释每股收益为 9.10 日元（0.06 美元），而去年同期为 8.32 日元。

Financial Condition

财务状况

As of September 30, 2025, the Company had cash of JPY2.4 billion ($16.5 million), compared to JPY2.5 billion as of December 31, 2024.

截至2025年9月30日，公司现金为 24 亿日元（1650 万美元），而截至2024年12月31日为 25 亿日元。

Net cash provided by operating activities was JPY326.7 million ($2.2 million) for the nine months ended September 30, 2025, compared to net cash used in operating activities of JPY105.4 million for the same period last year.

截至2025年9月30日的九个月，经营活动提供的净现金为 3.267 亿日元（220 万美元），而去年同期的经营活动使用的净现金为 1.054 亿日元。

Net cash used in investing activities was JPY48.5 million ($0.3 million) for the nine months ended September 30, 2025, compared to JPY45.7 million for the same period last year.

截至2025年9月30日的九个月，投资活动使用的净现金为 4850 万日元（30 万美元），而去年同期为 4570 万日元。

Net cash used in financing activities was JPY380.1 million ($2.6 million) for the nine months ended September 30, 2025, compared to JPY224.1 million for the same period last year.

截至2025年9月30日的九个月，融资活动使用的净现金为 3.801 亿日元（260 万美元），而去年同期为 2.241 亿日元。

Financial Guidance

财务指导

The Company is projecting total revenue to be between JPY11.6 billion and JPY11.9 billion ($78.1 million and $80.5 million) for the fiscal year ending December 31, 2025, an increase of approximately 11.9% to 15.3% from JPY10.3 billion ($69.8 million) for the fiscal year ended December 31, 2024.

公司预计截至2025年12月31日的财年总收入将在 116 亿日元至 119 亿日元（7810 万美元至 8050 万美元）之间，比截至2024年12月31日的财年 10.3 亿日元（6980 万美元）增长约 11.9% 至 15.3%。

Income from operations is projected to be between JPY580.0 million and JPY696.5 million ($3.9 million and $4.7 million) for the fiscal year ending December 31, 2025, an increase of 11.6% to 34.0% from JPY519.8 million ($3.5 million) for the fiscal year ended December 31, 2024.

预计截至2025年12月31日的财年运营收入将在 5.8 亿日元至 6.965 亿日元（390 万美元至 470 万美元）之间，比截至2024年12月31日的财年 5.198 亿日元（350 万美元）增长 11.6% 至 34.0%。

These projections are based on the assumption that no business acquisitions, restructuring activities, or legal settlements will take place during the period.

这些预测是基于假设在此期间不会发生任何业务收购、重组活动或法律和解。

Exchange Rate Information

汇率信息

This announcement contains translations of certain Japanese Yen ("JPY") amounts into U.S. dollars ("USD," or "$") for the convenience of the reader. Translations of amounts from JPY into USD have been made at the exchange rate of JPY147.97 = $1.00, the exchange rate on September 30, 2025 set forth in the H.10 statistical release of the United States Federal Reserve Board.

本公告包含将某些日元（"JPY"）金额转换为美元（"USD"或"$") 的翻译，以方便读者。日元转换为美元的汇率为 147.97 日元 = 1.00 美元，这是2025年9月30日美国联邦储备委员会 H.10 统计发布的汇率。

About LEIFRAS Co., Ltd.

关于 LEIFRAS 有限公司

Headquartered in Tokyo, Leifras is a sports and social business company dedicated to youth sports and community engagement. The Company primarily provides services related to the organization and operations of sports schools and sports events for children. As of December 31, 2024, Leifras was recognized as one of Japan's largest operators of children's sports schools in terms of both membership and facilities by Tokyo Shoko Research. The Company's approach to sports education emphasizes the development of non-cognitive skills, following the teaching principle "acknowledge, praise, encourage, and motivate." The holistic approach that integrates physical and mental development sets Leifras apart in the industry. Building upon deep experience and know-how in sports education, Leifras also operates a robust social business sector, dispatching sports coaches to meet various community needs with the aim to promote physical health, social inclusion, and community well-being across different demographics. For more information, please visit the Company's website: https://ir.leifras.co.jp/.

Leifras 总部位于东京，是一家专注于青少年体育和社区参与的体育与社会企业。公司主要提供与儿童体育学校和体育活动的组织和运营相关的服务。截至2024年12月31日，Leifras 被东京商工研究所认定为日本最大的儿童体育学校运营商之一，按会员和设施数量计算。公司在体育教育方面的理念强调非认知技能的发展，遵循"认可、赞美、鼓励和激励"的教学原则。整合身心发展的整体方法使 Leifras 在行业中脱颖而出。基于在体育教育方面的深厚经验和专业知识，Leifras 还运营着强大的社会商业部门，派遣体育教练以满足各种社区需求，旨在促进不同人群的身体健康、社会包容和社区福祉。有关更多信息，请访问公司网站：https://ir.leifras.co.jp/。

Forward-Looking Statements

前瞻性声明

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may," or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.

本公告中的某些声明为前瞻性声明。这些前瞻性声明涉及已知和未知的风险和不确定性，并基于公司对未来事件的当前预期和预测，公司认为这些事件可能影响其财务状况、经营成果、商业战略和财务需求。投资者可以通过使用诸如 “近似”、“相信”、“希望”、“期待”、“预期”、“估计”、“计划”、“打算”、“将”、“会”、“应该”、“可能”、“或其他类似表达” 来找到许多（但不是全部）这样的声明。公司没有义务公开更新或修订任何前瞻性声明，以反映后续发生的事件或情况，或其预期的变化，除非法律要求。这些声明受到不确定性和风险的影响，包括但不限于与市场条件相关的不确定性，以及在向美国证券交易委员会（“SEC”）提交的注册声明的 “风险因素” 部分中讨论的其他因素。尽管公司相信这些前瞻性声明中表达的预期是合理的，但无法保证这些预期会被证明是正确的，公司提醒投资者，实际结果可能与预期结果有重大差异，并鼓励投资者在注册声明和其他向 SEC 提交的文件中审查可能影响其未来结果的其他因素。其他因素在公司向 SEC 提交的文件中进行了讨论，这些文件可在 www.sec.gov 上查阅。

For more information, please contact:

如需更多信息，请联系：

LEIFRAS Co., Ltd. Investor Relations Department

LEIFRAS 有限公司 投资者关系部

Email: IR@leifras.co.jp

电子邮件：IR@leifras.co.jp

Ascent Investor Relations LLC Tina Xiao

Phone: +1-646-932-7242

电话：+1-646-932-7242

Email: investors@ascent-ir.com

电子邮件：investors@ascent-ir.com


LEIFRAS CO., LTD. AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS


	December 31,		September 30,		September 30,
	2024		2025		2025
	JPY		JPY		US$
			(Unaudited)		(Unaudited)
ASSETS
CURRENT ASSETS
Cash		2,538,554,638		2,436,675,605		16,467,362
Accounts receivable, net		518,398,551		555,775,583		3,756,002
Short-term investments		4,935,000		5,075,000		34,297
Inventories, net		24,468,188		20,757,063		140,279
Prepaid expenses		182,278,232		201,888,793		1,364,390
Other current assets		34,381,843		57,886,907		391,207
TOTAL CURRENT ASSETS		3,303,016,452		3,278,058,951		22,153,537

NON-CURRENT ASSETS
Property and equipment, net		53,805,279		99,293,143		671,035
Finance lease right-of-use assets		208,611,550		228,794,098		1,546,219
Operating lease right-of-use assets		337,330,750		513,349,897		3,469,284
Intangible assets, net		39,250,078		27,980,475		189,096
Goodwill		27,999,994		27,999,994		189,228
Deferred tax assets, net		214,671,578		189,283,332		1,279,201
Deferred initial public offering ("IPO") costs		157,482,065		254,764,117		1,721,728
Long-term deposits		150,407,276		150,210,192		1,015,140
Other non-current assets		3,090,205		9,784,796		66,127
TOTAL NON-CURRENT ASSETS		1,192,648,775		1,501,460,044		10,147,058
TOTAL ASSETS		4,495,665,227		4,779,518,995		32,300,595

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short-term loans		700,000,000		700,000,000		4,730,689
Current portion of long-term loans		230,785,000		169,252,000		1,143,826
Bond payable, current		40,000,000		40,000,000		270,325
Accounts payable		168,281,568		114,243,578		772,073
Accrued liabilities		1,109,740,581		1,184,636,104		8,005,921
Income tax payable		75,374,800		3,301,800		22,314
Contract liabilities, current		147,628,310		267,364,483		1,806,883
Amount due to a director		1,000,000		-		-
Finance lease liabilities, current		71,681,545		83,549,523		564,638
Operating lease liabilities, current		110,889,134		132,923,377		898,313
Other current liabilities		195,952,191		156,907,705		1,060,403
TOTAL CURRENT LIABILITIES		2,851,333,129		2,852,178,570		19,275,385

NON-CURRENT LIABILITIES
Long-term loans, net of current portion		175,452,000		38,568,000		260,648
Bond payable, non-current		56,807,020		37,833,335		255,682
Contract liabilities, non-current		10,615,635		14,507,411		98,043
Finance lease liabilities, non-current		140,333,247		143,881,183		972,367
Operating lease liabilities, non-current		207,353,977		364,551,378		2,463,684
Assets retirement obligations		12,914,758		30,671,626		207,283
TOTAL NON-CURRENT LIABILITIES		603,476,637		630,012,933		4,257,707
TOTAL LIABILITIES		3,454,809,766		3,482,191,503		23,533,092

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' EQUITY
Ordinary shares		80,500,000		80,500,000		544,029
Additional paid-in capital		748,840,080		778,624,844		5,262,045
Treasury shares		(100,012,265)		(100,012,265)		(675,896)
Retained earnings		311,527,646		538,214,913		3,637,325
TOTAL SHAREHOLDERS' EQUITY		1,040,855,461		1,297,327,492		8,767,503
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		4,495,665,227		4,779,518,995		32,300,595


LEIFRAS CO., LTD. 及其子公司
未经审计的中期简明合并资产负债表


	2024年12月31日		2025年9月30日		2025年9月30日
	日元		日元		美元
			（未经审计）		（未经审计）
资产
流动资产
现金		2,538,554,638		2,436,675,605		16,467,362
应收账款，净额		518,398,551		555,775,583		3,756,002
短期投资		4,935,000		5,075,000		34,297
存货，净额		24,468,188		20,757,063		140,279
预付费用		182,278,232		201,888,793		1,364,390
其他流动资产		34,381,843		57,886,907		391,207
流动资产总计		3,303,016,452		3,278,058,951		22,153,537

非流动资产
房产和设备，净额		53,805,279		99,293,143		671,035
融资租赁使用权资产		208,611,550		228,794,098		1,546,219
操作租赁使用权资产		337,330,750		513,349,897		3,469,284
无形资产，净额		39,250,078		27,980,475		189,096
商誉		27,999,994		27,999,994		189,228
递延所得税资产，净额		214,671,578		189,283,332		1,279,201
递延首次公开募股（"IPO"）费用		157,482,065		254,764,117		1,721,728
长期存款		150,407,276		150,210,192		1,015,140
其他非流动资产		3,090,205		9,784,796		66,127
非流动资产总计		1,192,648,775		1,501,460,044		10,147,058
资产总计		4,495,665,227		4,779,518,995		32,300,595

负债和股东权益
流动负债
短期贷款		700,000,000		700,000,000		4,730,689
长期贷款的流动部分		230,785,000		169,252,000		1,143,826
应付债券，流动		40,000,000		40,000,000		270,325
应付账款		168,281,568		114,243,578		772,073
应计负债		1,109,740,581		1,184,636,104		8,005,921
应付所得税		75,374,800		3,301,800		22,314
合同负债，流动		147,628,310		267,364,483		1,806,883
应付董事款项		1,000,000		-		-
融资租赁负债，流动		71,681,545		83,549,523		564,638
操作租赁负债，流动		110,889,134		132,923,377		898,313
其他流动负债		195,952,191		156,907,705		1,060,403
流动负债总计		2,851,333,129		2,852,178,570		19,275,385

非流动负债
长期贷款，扣除流动部分		175,452,000		38,568,000		260,648
应付债券，非流动		56,807,020		37,833,335		255,682
合同负债，非流动		10,615,635		14,507,411		98,043
融资租赁负债，非流动		140,333,247		143,881,183		972,367
操作租赁负债，非流动		207,353,977		364,551,378		2,463,684
资产退休义务		12,914,758		30,671,626		207,283
非流动负债总计		603,476,637		630,012,933		4,257,707
负债总计		3,454,809,766		3,482,191,503		23,533,092

承诺和或有事项

股东权益
普通股		80,500,000		80,500,000		544,029
额外实收资本		748,840,080		778,624,844		5,262,045
库存股		(100,012,265)		(100,012,265)		(675,896)
留存收益		311,527,646		538,214,913		3,637,325
股东权益总计		1,040,855,461		1,297,327,492		8,767,503
负债和股东权益总计		4,495,665,227		4,779,518,995		32,300,595


LEIFRAS CO., LTD. AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME

	For the nine months ended September 30
	2024		2025		2025
	JPY		JPY		US$
NET REVENUE		7,419,460,643		8,556,096,390		57,823,183
Cost of revenue		(5,378,876,612)		(6,145,159,916)		(41,529,769)
GROSS PROFIT		2,040,584,031		2,410,936,474		16,293,414
Selling, general, and administrative expenses		(1,802,047,253)		(2,055,180,818)		(13,889,172)
INCOME FROM OPERATIONS		238,536,778		355,755,656		2,404,242

OTHER INCOME (EXPENSE)
Interest income		325,182		3,801,610		25,691
Interest expense		(12,751,685)		(13,514,164)		(91,330)
Grant income		14,205,788		14,902,919		100,716
Unrealized (loss) gain on short-term investment		(168,000)		140,000		946
Loss on disposal of long-lived assets		-		(168,973)		(1,142)
Loss on disposal of a subsidiary		(753,900)		-		-
Other income (expense), net		15,438,598		(16,773,644)		(113,358)
Total other income (expense), net		16,295,983		(11,612,252)		(78,477)
INCOME BEFORE INCOME TAX PROVISION		254,832,761		344,143,404		2,325,765

PROVISION FOR INCOME TAXES
Current		(69,425,173)		(92,067,891)		(622,206)
Deferred		39,664,246		(25,388,246)		(171,577)
Total provision for income taxes		(29,760,927)		(117,456,137)		(793,783)
NET INCOME		225,071,834		226,687,267		1,531,982

WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES
Basic		24,910,660		24,910,619		24,910,619
Diluted		27,066,715		24,913,619		24,913,619
EARNINGS PER SHARE
Basic		9.04		9.10		0.06
Diluted		8.32		9.10		0.06


LEIFRAS CO., LTD. 及其子公司
未经审计的中期合并损益表

	截至 9 月 30 日的九个月
	2024		2025		2025
	日元		日元		美元
净收入		7,419,460,643		8,556,096,390		57,823,183
收入成本		(5,378,876,612)		(6,145,159,916)		(41,529,769)
毛利润		2,040,584,031		2,410,936,474		16,293,414
销售、一般和管理费用		(1,802,047,253)		(2,055,180,818)		(13,889,172)
营业收入		238,536,778		355,755,656		2,404,242

其他收入（费用）
利息收入		325,182		3,801,610		25,691
利息费用		(12,751,685)		(13,514,164)		(91,330)
补助收入		14,205,788		14,902,919		100,716
短期投资未实现（损失）收益		(168,000)		140,000		946
长期资产处置损失		-		(168,973)		(1,142)
子公司处置损失		(753,900)		-		-
其他收入（费用），净额		15,438,598		(16,773,644)		(113,358)
总其他收入（费用），净额		16,295,983		(11,612,252)		(78,477)
税前收入		254,832,761		344,143,404		2,325,765

所得税准备
现期		(69,425,173)		(92,067,891)		(622,206)
递延		39,664,246		(25,388,246)		(171,577)
所得税总准备		(29,760,927)		(117,456,137)		(793,783)
净收入		225,071,834		226,687,267		1,531,982

普通股加权平均数
基本		24,910,660		24,910,619		24,910,619
稀释		27,066,715		24,913,619		24,913,619
每股收益
基本		9.04		9.10		0.06
稀释		8.32		9.10		0.06


LEIFRAS CO., LTD. AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	For the nine months ended September 30,
	2024		2025		2025
	JPY		JPY		US$
Cash flows from operating activities
Net income		225,071,834		226,687,267		1,531,982
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization expense		90,057,762		96,233,315		650,357
Loss on disposal of a subsidiary		753,900		-		-
Provision for expected credit loss		2,771,782		9,208,096		62,229
Loss on disposal of property and equipment		-		168,973		1,142
Accounts receivable written off as uncollectible		-		28,558		193
Provision for inventory impairment		3,403,261		424,180		2,867
Unrealized loss (gain) on short-term investment		168,000		(140,000)		(946)
Other non-cash expenses (income)		1,100,148		29,173,060		197,155
Deferred tax expense (benefit)		(39,664,246)		25,388,246		171,577
Changes in operating assets and liabilities
Accounts receivable, net		(1,051,687)		(46,613,686)		(315,021)
Inventories		(13,808,125)		3,286,945		22,214
Prepaid expenses		(105,900,505)		(19,854,842)		(134,182)
Long-term deposits		(6,998,055)		197,084		1,332
Amount due from a director		33,577,065		-		-
Other current assets		(25,969,080)		(23,505,064)		(158,850)
Other non-current assets		(10,722,988)		(6,694,591)		(45,243)
Accounts payable		(61,359,477)		(54,037,990)		(365,196)
Accrued liabilities		(204,167,728)		74,895,523		506,153
Contract liabilities		121,711,898		123,627,949		835,493
Operating lease liabilities		(400,151)		3,212,497		21,710
Income tax payable		(149,952,500)		(72,073,000)		(487,078)
Amount due to a director		-		(1,000,000)		(6,758)
Other current liabilities		36,020,082		(41,875,805)		(283,002)
Net cash (used in) provided by operating activities		(105,358,810)		326,736,715		2,208,128

Cash flows from investing activities
Cash outflow due to reduction in consolidated entities		(17,257,489)		-		-
Purchase of property and equipment		(11,926,248)		(42,598,215)		(287,884)
Purchase of intangible assets		(16,521,500)		(5,880,000)		(39,738)
Net cash used in investing activities		(45,705,237)		(48,478,215)		(327,622)

Cash flows from financing activities
Payment of finance lease liabilities		(43,259,590)		(64,438,481)		(435,483)
Proceeds from bank loans		250,000,000		-		-
Repayment of bank loans		(280,815,000)		(198,417,000)		(1,340,927)
Repayment of bond payable		(20,000,000)		(20,000,000)		(135,163)
Payment of deferred IPO costs		(129,983,403)		(97,282,052)		(657,445)
Net cash used in financing activities		(224,057,993)		(380,137,533)		(2,569,018)

Net decrease in cash		(375,122,040)		(101,879,033)		(688,512)
Cash at the beginning of period		2,729,282,346		2,538,554,638		17,155,874
Cash at the end of the period end		2,354,160,306		2,436,675,605		16,467,362

Supplementary cash flow information
Cash paid for income taxes		202,070,573		115,154,307		778,227
Cash paid for interest expenses		11,651,537		12,325,868		83,300


LEIFRAS 有限公司及其子公司
未经审计的中期合并现金流量表

	截至 9 月 30 日的九个月
	2024		2025		2025
	日元		日元		美元
经营活动产生的现金流
净收入		225,071,834		226,687,267		1,531,982
调整净收入以对账经营活动提供的净现金
折旧和摊销费用		90,057,762		96,233,315		650,357
子公司处置损失		753,900		-		-
预期信用损失准备		2,771,782		9,208,096		62,229
财产和设备处置损失		-		168,973		1,142
应收账款核销		-		28,558		193
存货减值准备		3,403,261		424,180		2,867
短期投资未实现损失（收益）		168,000		(140,000)		(946)
其他非现金费用（收益）		1,100,148		29,173,060		197,155
递延所得税费用（收益）		(39,664,246)		25,388,246		171,577
经营资产和负债的变动
应收账款，净额		(1,051,687)		(46,613,686)		(315,021)
存货		(13,808,125)		3,286,945		22,214
预付费用		(105,900,505)		(19,854,842)		(134,182)
长期存款		(6,998,055)		197,084		1,332
应收董事款项		33,577,065		-		-
其他流动资产		(25,969,080)		(23,505,064)		(158,850)
其他非流动资产		(10,722,988)		(6,694,591)		(45,243)
应付账款		(61,359,477)		(54,037,990)		(365,196)
应计负债		(204,167,728)		74,895,523		506,153
合同负债		121,711,898		123,627,949		835,493
经营租赁负债		(400,151)		3,212,497		21,710
应付所得税		(149,952,500)		(72,073,000)		(487,078)
应付董事款项		-		(1,000,000)		(6,758)
其他流动负债		36,020,082		(41,875,805)		(283,002)
净现金（使用）经营活动提供的现金		(105,358,810)		326,736,715		2,208,128

投资活动产生的现金流
由于合并实体减少而产生的现金流出		(17,257,489)		-		-
购买财产和设备		(11,926,248)		(42,598,215)		(287,884)
购买无形资产		(16,521,500)		(5,880,000)		(39,738)
投资活动使用的净现金		(45,705,237)		(48,478,215)		(327,622)

融资活动产生的现金流
融资租赁负债支付		(43,259,590)		(64,438,481)		(435,483)
银行贷款收入		250,000,000		-		-
银行贷款偿还		(280,815,000)		(198,417,000)		(1,340,927)
债券偿还		(20,000,000)		(20,000,000)		(135,163)
递延 IPO 成本支付		(129,983,403)		(97,282,052)		(657,445)
融资活动使用的净现金		(224,057,993)		(380,137,533)		(2,569,018)

现金净减少		(375,122,040)		(101,879,033)		(688,512)
期初现金		2,729,282,346		2,538,554,638		17,155,874
期末现金		2,354,160,306		2,436,675,605		16,467,362

补充现金流信息
支付的所得税		202,070,573		115,154,307		778,227
支付的利息费用		11,651,537		12,325,868		83,300

SOURCE LEIFRAS Co., Ltd.

来源 LEIFRAS 有限公司

Leifras 有限公司公布截至2025年9月30日的九个月财务业绩 | LFS 股票新闻