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Curves Holdings Co., Ltd.
(7085)
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Rating:78Outperform
Price Target:
¥1,124.00
▲(19.70% Upside)
Action:Reiterated
Date:07/15/26
The score is driven primarily by strong financial performance (profitability, improved leverage, and strong cash-flow conversion). Technicals add support due to a clear uptrend versus key moving averages with moderate momentum, while valuation is acceptable but not a standout at a mid-teens/high-teens P/E and a modest dividend yield.
Positive Factors
Cash Flow Conversion
The company converts a very high share of reported earnings into cash, with FCF to net income at 88.83% and OCF to net income at 54.24%. That durable cash generation supports reinvestment in clubs, franchise support, debt reduction and steady capital allocation over the next several quarters.
Negative Factors
Moderate Equity Ratio
Despite reduced debt, the company notes a moderate equity ratio which implies a thinner capital buffer against shocks. That structural limitation could constrain large strategic investments or require external financing for sizable M&A or rollouts, reducing flexibility in tougher macro periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Flow Conversion
The company converts a very high share of reported earnings into cash, with FCF to net income at 88.83% and OCF to net income at 54.24%. That durable cash generation supports reinvestment in clubs, franchise support, debt reduction and steady capital allocation over the next several quarters.
Read all positive factors
Curves Holdings Co., Ltd. (7085) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥88.38B
Dividend Yield1.98%
Average Volume (3M)213.25K
Price to Earnings (P/E)18.1
Beta (1Y)0.48
Revenue Growth12.80%
EPS Growth26.35%
CountryJP
Employees601
SectorGeneral
Sector StrengthN/A
IndustryLeisure
Share Statistics
EPS (TTM)48.06
Shares Outstanding93,857,500
10 Day Avg. Volume320,850
30 Day Avg. Volume213,250
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)3.74
Price to Sales (P/S)2.01
P/FCF Ratio12.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)54.85
Revenue Forecast (FY)¥42.13B
Curves Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
CURVES HOLDINGS Co., Ltd. is primarily engaged in the management and operation of women-only fitness centers throughout Japan, trading under the well-known Curves brand. Beyond its physical facilities, the company extends its services to a digital...
How the Company Makes Money
Curves Holdings primarily makes money through a combination of (1) revenue generated by directly operated Curves fitness clubs and (2) franchise-related income from franchised clubs. For company-operated clubs, revenue is mainly membership fees pa...
Curves Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.34B | 37.57B | 35.47B | 30.02B | 27.51B | 24.68B |
| Gross Profit | 16.69B | 14.64B | 13.74B | 11.51B | 10.88B | 9.40B |
| EBITDA | 9.09B | 8.59B | 7.69B | 6.16B | 4.74B | 3.37B |
| Net Income | 4.42B | 4.30B | 3.57B | 2.55B | 2.25B | 1.13B |
Balance Sheet | ||||||
| Total Assets | 40.65B | 39.20B | 41.37B | 39.11B | 38.35B | 36.28B |
| Cash, Cash Equivalents and Short-Term Investments | 9.50B | 8.70B | 8.30B | 8.13B | 8.21B | 9.76B |
| Total Debt | 4.35B | 5.37B | 8.67B | 11.96B | 15.25B | 17.42B |
| Total Liabilities | 17.73B | 19.04B | 21.97B | 24.04B | 26.00B | 27.12B |
| Stockholders Equity | 22.92B | 20.16B | 19.41B | 15.07B | 12.36B | 9.16B |
Cash Flow | ||||||
| Free Cash Flow | 5.52B | 6.06B | 5.28B | 4.76B | 3.05B | 2.99B |
| Operating Cash Flow | 6.21B | 6.21B | 5.43B | 4.92B | 3.27B | 3.24B |
| Investing Cash Flow | -727.00M | -727.00M | -967.01M | -891.90M | -943.99M | -733.33M |
| Financing Cash Flow | -4.89B | -4.89B | -4.33B | -4.09B | -4.22B | -2.31B |
Curves Holdings Co., Ltd. Technical Analysis
Neutral
939.00
Price Trends
909.74
Positive
860.03
Positive
812.23
Positive
Market Momentum
7.36
Positive
48.72
Neutral
10.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7085, the sentiment is Neutral. The current price of 939 is below the 20-day moving average (MA) of 946.35, above the 50-day MA of 909.74, and above the 200-day MA of 812.23, indicating a neutral trend. The MACD of 7.36 indicates Positive momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 10.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7085.
Curves Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥88.38B | 18.06 | ― | 2.02% | 12.80% | 26.35% | |
71 Outperform | ¥351.62B | 19.21 | 22.01% | 1.46% | ― | ― | |
65 Neutral | ¥2.00B | 8.56 | ― | 3.75% | 1.90% | 19.71% | |
64 Neutral | ¥27.23B | 21.21 | ― | 1.85% | 4.87% | -5.52% | |
60 Neutral | ¥15.93B | 16.98 | ― | ― | 7.14% | 19.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:7085
Curves Holdings Co., Ltd.
930.00
164.69
21.52%
JP:4680
ROUND ONE
1,259.00
-329.58
-20.75%
JP:2340
GOKURAKUYU HOLDINGS CO. LTD.
514.00
17.00
3.42%
JP:4801
Central Sports Co., Ltd.
2,395.00
-124.61
-4.95%
JP:6074
JSS CORP
520.00
-31.89
-5.78%
Curves Holdings Co., Ltd. Corporate Events
Curves Holdings Accelerates Treasury Share Buyback to Enhance Capital Efficiency
Jul 14, 2026
Curves Holdings Co., Ltd. has executed a substantial treasury share repurchase, buying 2,200,000 common shares for 2,002,000,000 yen via the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system on July 14, 2026. This transaction forms part of...
Curves Holdings Launches Up to ¥3.5 Billion Share Buyback to Boost Capital Efficiency
Jul 13, 2026
Curves Holdings Co., Ltd. has authorized the repurchase of up to 3,000,000 of its common shares, representing about 3.3% of shares outstanding, for a maximum of ¥3.5 billion through market purchases on the Tokyo Stock Exchange between July 14...
Curves Holdings Launches Share Buyback to Enhance Capital Efficiency and Shareholder Returns
Jul 13, 2026
Curves Holdings has authorized the repurchase of up to 3 million of its common shares, representing about 3.3% of shares outstanding, for a maximum of 3.5 billion yen through market purchases on the Tokyo Stock Exchange between July 14 and Septemb...
Curves Holdings Delivers Strong Nine-Month Earnings and Boosts Dividend Outlook
Jul 13, 2026
Curves Holdings reported consolidated net sales of ¥31.57 billion for the nine months ended May 31, 2026, up 13.8% year on year, with operating profit rising 22% to ¥6.15 billion and profit attributable to owners of parent climbing 18.3%...
Curves Holdings Finalizes Details of New Employee Stock Option Programs
Jul 1, 2026
Curves Holdings Co., Ltd. has finalized the details of two new series of stock acquisition rights previously approved by its board in April 2026, aimed at directors, employees, and subsidiary staff. The 2nd Series, structured as paid-in stock opti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.