RENAISSANCE,INCORPORATED [2378.T]
TOKYO, May 08 (Pulse News Wire) – Renaissance,incorporated (2378.T) reported lower-than-expected fiscal year 2026 results compared to its previous forecast. The company recorded special losses totaling ¥400 million due to early closures of six sports club stores and impairment charges of ¥30 billion across 38 facilities.
Additionally, a tax adjustment benefit of ¥600 million was recognized. As a result, the operating profit, ordinary profit, and net income per share fell below initial projections.
The company's revenue exceeded expectations due to increased membership numbers and higher member fees in the sports club sector, along with the integration of Maple Corporation’s Wind subsidiary in care services. However, home fitness operations did not meet forecasts, leading to overall weaker performance than anticipated.
In light of these outcomes, Renaissance has decided to reduce executive compensation commensurate with their roles.
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