Neis, the Japanese operator of children’s gymnastics schools and developmental-support facilities, is telling investors that this year’s growth story is less about the fact of listing and more about the mechanics of expansion. The company is forecasting ¥3.65bn in sales and ¥610mn in operating profit in the year ending August 2026, up 27.8% and 95.3% from the prior year, with ordinary profit seen at ¥680mn and net profit at ¥440mn.
| Metric | 2025 actual | Half year ended Feb. 28, 2026 | Year ending Aug. 31, 2026 forecast |
|---|---|---|---|
| Sales | ¥2.855bn | ¥1.69bn | ¥3.65bn |
| Operating profit | ¥312mn | ¥275mn | ¥610mn |
| Ordinary profit | ¥358mn | ¥311mn | ¥680mn |
| Net profit | ¥248mn | ¥200mn | ¥440mn |
| Gymnastics sites, company-run | 50 | 54 | 52 |
| Gymnastics sites, franchise | 101 | 117 | 143 |
| Developmental-support sites | 10 | 11 | 12 |
| Members | 44,616 | 49,598 | 55,000 |
The expansion plan is heavily franchise-led. Neis says the year-end target is 52 company-run gymnastics sites and 143 franchise gymnastics sites, plus 12 developmental-support facilities, compared with 54 company-run and 117 franchise gymnastics sites, plus 11 developmental-support facilities, at the end of February. Member numbers are forecast to rise to 55,000 from 44,616 a year earlier. Management also says fee increases at some stores from October 2025 are contributing to the sales lift.
That makes the model easier to read. In the listing filing, about 91% of sales come from gymnastics. Within that business, revenue is roughly 63% from company-run sites, 27% from franchise royalties and 10% from franchise opening support fees. Separate growth materials describe about 80% of revenue as base revenue, including monthly fees, enrolment charges and royalties, with the rest coming from more episodic items such as openings, events and site transfers. The smaller developmental-support line is reimbursed according to usage under Japan’s Child Welfare Act, with families generally paying 10% of the fee.
The catch is that not all of the growth is like-for-like. Neis says ¥210mn of this year’s revenue comes from transferring six company-run classrooms to franchisees, and it has not decided whether more such transfers will follow after the year ending August 2027. A separate June 30 growth deck also includes an end-May store breakdown that does not reconcile cleanly, so the firmer operating snapshot is the listing disclosure’s February base and year-end targets rather than the deck’s combined store totals.
One more same-day filing shows how IPO mechanics can scramble ownership labels without changing day-to-day management. Founder and chief executive Yusuke Minami stopped qualifying as a non-parent controlling shareholder and major shareholder after the share sale increased the share count and he lent stock to Okasan Securities for the over-allotment. His direct voting stake, excluding the loaned shares, was listed at 9.21%, down from 40.00% before the listing, and the company says the status should recover once the borrowed shares are returned by July 22. Neis says the change has no effect on management or earnings.