Overview
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Fitcrew Inc.

FitCrew Co., Ltd. operates personal training gyms and a personal trainer certification school across Japan under multiple brands. Its flagship brand UNDEUX SUPERBODY targets health- and beauty-conscious young women through women-only studios offering short-term intensive training courses complemented by dietary guidance from registered dietitians and meal delivery services. The company also operates Dr.plus Fit, a medically supervised co-ed health-focused gym targeting a broad age range from young adults to middle-aged and senior customers, and PROJIM, a nationwide personal trainer development school providing a six-month curriculum covering training science, nutrition, client counseling, and sales techniques.

Market Cap
¥1.15B
US$7.31M
EV
¥1.39B
US$8.88M
Stock¥1,075▼-0.09%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.6
x
LTM EV/EBIT
14.4
x
LTM PER
12.9
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-74.8%pt
10012
Dec 12, 25 – Oct 23, 26StockTOPIX
1Jul 16, 26Q2 FY2026/11 earnings announced
2Oct 16, 26Q3 FY2026/11 earnings announced
MC → EV Bridge
1.15BUS$7.31MMarket Cap0.68BUS$4.37M+ Debt0.44BUS$2.80M− Cash0.00BUS$0.00M− Inv. Sec.1.39BUS$8.88MEV
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Performance & Balance
Revenue 5Y (¥B)
0.67US$4.25M'21/111.18US$7.51M'22/111.77US$11.3M'23/112.45US$15.7M'24/112.92US$18.6M'25/11
Net Income 5Y (¥B)
-0.05-US$0.30M'21/11-0.03-US$0.20M'22/110.03US$0.21M'23/110.04US$0.28M'24/110.25US$1.59M'25/11
Capital Structure
55%
45%
EquityD/E 0.81xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'21/11'22/11'23/110.58US$3.70M'24/110.57US$3.64M0.45US$2.90M'25/11
Shareholders
Top 10 hold 76.1%
1
Hiroki KASHIMA
40.83%
2
Sapphire No. 1 Investment Limited Partnership, General Partner: Sapphire Capital Co., Ltd.
14.88%
3
SBI SECURITIES Co., Ltd.
8.12%
4
Rakuten Securities, Inc. (Joint Account)
4.63%
5
Social Entrepreneur 3 Investment Limited Partnership, General Partner: PE&HR Co., Ltd.
2.18%
6
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
1.41%
7
Hiroaki TATSUGUCHI
1.22%
8
Yoshihisa YAMASHITA
1.07%
9
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
0.93%
10
Minoru MARUTA
0.82%
Management
6 officers
Hiroki KASHIMA
Representative Director, President
Apr 2007 Joined Kimoto Kosan Co., Ltd. Mar 2010 Director, Lasius Co., Ltd. May 2010 Opened Kashima Seikotsuin (osteopathic clinic) Jan 2015 Representative Director, President, Trias Co., Ltd. (the Company) (current) Feb 2019 Established AIDAMA Co., Ltd. and assumed office as its Representative Director
1978-11-02
Yuki YANO
Director and Executive Vice President
Apr 2009 Joined Azusa Audit LLC Feb 2013 Registered as Certified Public Accountant Jan 2017 Joined Daikin Industries, Ltd. Mar 2018 Opened Yano Accounting Office Nov 2018 Registered as SME Management Consultant Jan 2021 Director, Frontier Holdings Co., Ltd. Nov 2023 Director, the Company, in charge of administration division Apr 2024 Director, the Company, in charge of administration division and General Manager, Accounting Department May 2025 Managing Director, the Company, in charge of administration division Feb 2026 Director and Executive Vice President, the Company (current)
1985-12-26
Hiroshi NAKAYAMA
Director
Apr 2002 Joined Department of Orthopaedic Surgery, Hyogo Medical University Apr 2012 Assistant Professor, Department of Orthopaedic Surgery, Hyogo Medical University Sep 2014 Study abroad, University of Tübingen, Germany Apr 2019 Lecturer, Department of Orthopaedic Surgery, Hyogo Medical University Jan 2021 Representative Director, HY Planning Co., Ltd. (current) Apr 2024 Associate Professor, Department of Orthopaedic Surgery, Hyogo Medical University (current) Feb 2025 Outside Director, the Company Aug 2025 Director, the Company (current)
1977-01-14
Yasuhisa SHOJI
Director (Full-time Audit and Supervisory Committee Member)
Apr 1989 Joined First Finance Co., Ltd. Jan 1992 Seconded to Recruit From A Co., Ltd. Oct 1997 Joined Asahi Audit Corporation (now Azusa Audit LLC) Jun 2001 Registered as Certified Public Accountant Feb 2024 Outside Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1965-07-22
Sadao TAKEDA
Director (Audit and Supervisory Committee Member)
Apr 1977 Joined Sumitomo Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Dec 2004 Representative Director, IPO & IR Partners Inc. (now IPO & ASSET Partners Inc.) (current) Jul 2008 Representative Director, Pinpoint Co., Ltd. Apr 2009 Representative Director, Kenko Hoken Shiharai Kikin Co., Ltd. Jun 2017 Outside Director, Owell Co., Ltd. Mar 2018 Outside Director, ADVASA Co., Ltd. Feb 2019 Representative Partner, NYT Investment LLC Apr 2019 Director, ADVASA Co., Ltd. Jan 2020 Representative Director, ADVASA Co., Ltd. Nov 2020 Executive Partner, NYT Investment LLC Jan 2021 Director, ADVASA Co., Ltd. Dec 2021 Outside Director, the Company Jun 2023 Director, Revo Energy Co., Ltd. Nov 2023 Representative Director, CTIA Capital Co., Ltd. (current) Feb 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jul 2025 Corporate Auditor, Sanyo Realty Co., Ltd. Jan 2026 Director, Sanyo Realty Co., Ltd. (current)
1953-03-07
Shunsuke KADOTANI
Director (Audit and Supervisory Committee Member)
Dec 2013 Registered as Attorney-at-law Dec 2013 Joined Kansai Law and Patent Office Law Firm LPC Jul 2022 Partner, Kansai Law and Patent Office Law Firm LPC (current) Feb 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jan 2026 Corporate Auditor, Cloud Nine Co., Ltd. (current)
1983-07-17
Large Shareholding Reports
Hiroki KASHIMA
2026-01-27
44.86%→40.21%
Annual report (as of 2026-05-31): 40.83%
Sapphire Capital Co., Ltd.
2026-01-07
1.52%→1.01%
Sapphire Capital Co., Ltd.
2026-01-07
15.76%→14.75%
Sapphire Capital Co., Ltd.
2026-01-07
15.08%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Sapphire Capital Co., Ltd.
2025-12-17
15.08%
Hiroki KASHIMA
2025-12-15
44.86%
Annual report (as of 2026-05-31): 40.83%
Sapphire Capital Co., Ltd.
2025-12-12
15.08%→15.76%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Q3 Earnings Flash
FY ending Nov 2026
EDINET
2026-07-15
Semi-Annual Securities Report
Period: Dec 2025 – May 2026
TDnet
2026-04-14
Q1 Earnings Flash
FY ending Nov 2026
EDINET
2026-02-27
Annual Securities Report
Period: Dec 2024 – Nov 2025
EDINET
2026-01-27
Large Shareholding Report
EDINETAmended
2026-01-07
Change Report
EDINET
2026-01-07
Large Shareholding Report
EDINETAmended
2026-01-07
Change Report
EDINET
2025-12-17
Large Shareholding Report
EDINETAmended
2025-12-17
Change Report
EDINET
2025-12-15
Large Shareholding Report
EDINETAmended
2025-12-04
Amended Securities Registration Statement
EDINETAmended
2025-11-26
Amended Securities Registration Statement
EDINET
2025-11-10
Securities Registration Statement
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