Leifras (LFS) investor relations material

Executive summary

• Successfully completed IPO and listed on Nasdaq in October 2025, raising net proceeds of $4.7 million and marking a significant milestone.

• Core business focuses on sports schools developing children's non-cognitive skills, with expansion into school club support and after-school daycare services.

• Recognized as number one in Japan for number of school members, schools, and contracted school club support, with steady growth in both Sports School and Social Business segments.

• Net revenue for H1 2025 rose 15% year-over-year to $38.1 million, with net income up 25.6% to $373,000.

• Membership in sports schools increased 6.4% to 69,500, and contracted schools in social business surged 48.5% to 349.

Financial highlights

• Net revenue for H1 2025 reached $38.1 million, up 15% year-over-year; income from operations was $471,000, up 108.1%.

• Sports school business revenue was $27.3 million, up 8.5%; social business revenue was $11 million, up 35.4%.

• Gross profit increased 16.1% to $10.0 million, with gross margin improving to 26.3%.

• Operating cash flow turned positive at $2.2 million for H1 2025, compared to negative in the prior year.

• Net income contributed to asset growth and improved financial foundation.

Outlook and guidance

• Full-year 2025 net sales forecasted at $80.2–$82.6 million, representing 11.9–15.3% growth over 2024.

• Income from operations expected between $4.0 million and $4.8 million, up 11.6–34% year-over-year.

• Profits expected to be concentrated in the second half due to seasonality and ongoing investments in business expansion.

• Guidance assumes no acquisitions, restructuring, or legal settlements.