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Renaissance,Incorporated ( (JP:2378) ) has shared an announcement.
Renaissance, Incorporated has recorded a significant extraordinary loss for the fiscal year ended March 2026 after deciding to close six underperforming sports clubs, including high-rent locations in central Tokyo, and recognizing a large impairment on fixed and leased assets at 38 facilities. The company also revised and booked store closure and restoration costs up front, completing measures at facilities where investment recovery is not expected.
Despite these charges, Renaissance recognized an income tax benefit by additionally recording deferred tax assets, resulting in an income taxes-deferred gain that partially offset the impact on earnings. Full-year net sales rose year on year, supported by higher membership numbers, increased member unit prices, and the consolidation of rehabilitation provider Kaede no Kaze, but net sales, operating income, ordinary income, and net income attributable to owners fell short of earlier forecasts, prompting a reduction in bonuses for directors and executive officers.
More about Renaissance,Incorporated
Renaissance, Incorporated is a Japanese operator of sports clubs and related wellness services, with a growing presence in home fitness and long-term care rehabilitation through subsidiaries such as Kaede no Kaze Co., Ltd. The company focuses on membership-based fitness facilities, serving urban markets including central Tokyo, where high rents and shifting demand influence its network strategy and profitability.
Average Trading Volume: 52,149
Technical Sentiment Signal: Sell
Current Market Cap: Yen19.14B
See more data about 2378 stock on TipRanks’ Stock Analysis page.