Curves Holdings raised monthly fees for existing members in April and still closed the year to August 2026 with record results. Operating profit rose 22.3% to ¥7.755bn on sales of ¥43.387bn, up 15.5%, and net profit rose 14.1% to ¥4.908bn. The company said sales and operating, ordinary and net profit were all records.
Fee rise and cancellations
The company added ¥300 to the monthly fee, for new joiners from September 2025 and for existing members from April 2026. Members at its core women-only gym brand reached 895,000, up 32,000, and members across its three domestic brands reached 919,000 with 2,112 stores.
The supplementary briefing gives an average monthly cancellation rate of 2.12% for the year. Management says the price revision lifted cancellations temporarily before the effect subsided to a low level, and the earnings release calls the impact minor. Both statements are management's assessment.
Chain sales of ¥93.4bn include franchise-store sales and are not consolidated revenue.
Europe still in the red
Overseas sales were ¥669mn with an operating loss of ¥261mn, against a loss of ¥351mn a year earlier. Curves had 127 European stores at the end of June 2026, and management expects the European business to stay loss-making for the full coming year as it adds stores.
Outlook and dividend
For the year to August 2027 the company guides sales of ¥46.0bn and operating profit of ¥8.7bn. The dividend for the year just ended was ¥30 a share, with a year-end payment of ¥20 made up of an ordinary ¥10 and a commemorative ¥10. The forecast for next year is ¥32, split ¥16 at the interim and ¥16 at the year-end.