RENAISSANCE,INCORPORATED [2378.T]
TOKYO, May 08 (Pulse News Wire) – Renaissance,incorporated (2378.T) reported higher membership numbers and revenue growth for the fiscal year ending March 2026. Sports club memberships increased to 442,085 members, up from the previous year, driven by price hikes implemented in October.
Additionally, the acquisition of Maple Wind expanded its rehabilitation facilities to 87 locations, contributing to overall revenue growth. However, the company faced challenges due to rising costs and declining profitability in certain urban locations. As a result, Renaissance decided to close six unprofitable sports clubs and recorded impairment losses totaling approximately ¥1.600 billion. The company also recognized impairment charges of around ¥800 million related to lease liabilities and ¥1.100 billion for facilities showing signs of reduced profitability.
For the fiscal year ended March 2026, the company's consolidated revenue reached 64,933 million yen, compared to 63,737 million yen in the previous year. Operating profit was 1,565 million yen, down from 1,946 million yen last year. lower net profit attributable to shareholders was negative 2,106 million yen, missing the revised earnings forecast of 500 million yen. Looking ahead, Renaissance outlined its new five-year plan aimed at strengthening its financial position through 2027 and transforming its portfolio thereafter.
The company expects sales to grow by 4.7% percent in the next fiscal year, driven by existing club member increases and contributions from newly acquired facilities.
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