Renaissance,Incorporated

In its consolidated earnings for the first quarter of the fiscal year ending March 2027, announced on August 7, Renaissance, which operates sports clubs and related businesses, posted an operating profit of 361 million yen and an ordinary profit of 162 million yen, both swinging to the black from losses in the same period a year earlier. Sales came to 16.405 billion yen, up 5.4 percent year on year, while net profit was 74 million yen, up 47.4 percent. Its mainstay sports club and related business segment recorded sales of 14.66462 billion yen, up 4.8 percent, and segment profit of 1.22013 billion yen, up 159.3 percent, lifting its segment profit margin to 8.3 percent from 3.4 percent a year earlier. The gains were driven by higher membership fees following price revisions, a recovery in new sign-ups, and newly won contracts to operate public facilities. The company changed its reporting segments to three categories starting with the earnings announced on August 7, and the mainstay segment, which accounts for nearly 90 percent of sales, is underpinning its results. In the previous fiscal year, it booked an impairment loss of 3.056 billion yen tied to the closure of seven unprofitable locations, and its net result fell to a loss of 2.106 billion yen.