Leifras Co., Ltd. Secures ¥2.5 Billion Commitment Line with Chikuho and Mizuho Banks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- Financing Agreement Established: Leifras has signed a ¥2.5 billion commitment line agreement with Chikuho Bank and Mizuho Bank, aimed at enhancing the company's financial foundation through flexible financing methods to support its global business expansion.
- Clear Use of Funds: The agreement allocates ¥1 billion from Chikuho Bank for working capital and ¥1.5 billion from Mizuho Bank also for operational funds, providing robust financial support for the company's daily operations.
- Market Expansion Strategy: Leifras plans to acquire overseas children's sports schools to promote the development of sports services globally, particularly in non-cognitive skills development, addressing the growing international market demand.
- Solid Membership Base: Currently, Leifras has approximately 70,000 members in its children's sports school business, combining social responsibility with business growth to contribute more value to society through sports initiatives.
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About LFS
Leifras Co Ltd is a Tokyo-based company mainly engaged in the children's sports school business and school club support business. It operates in two divisions. The sports division includes the sports school business, event business, and alliance business. The sports school business operates sports schools. The event business aims to develop children's human skills and revitalize local communities through sports and other experiential activities and events. The alliance business partners with professional sports teams and operates joint schools. The social division includes the school club support business, which provides sports coaching in school club activities and physical education classes, the community collaboration business, which promotes local sports, the LEIF after-school day care service business, which supports children with disabilities and developmental characteristics through soccer therapy, and the healthcare business, which provides exercise programs for the elderly.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
