Curves Holdings posts record sales, raises dividends

Curves Holdings announced record-breaking financial results for the fiscal year ended August 31, 2025, with sales reaching JPY37,566 million, operating profit JPY6,342 million, and net profit JPY4,303 million. Chain-wide sales also hit a record JPY85,602 million, driven by a membership increase of 46,171 to 863,522 members. Shareholders will benefit from a JPY17 dividend per share, marking the fifth consecutive year of increases since listing, and a consolidated payout ratio of 36.4%.

Looking ahead to fiscal year 2026, the company forecasts continued growth with sales of JPY41,300 million and operating profit of JPY7,300 million. Strategic initiatives include expanding membership, growing merchandise sales, enhancing online services, and strengthening human capital. The company plans to open 35-45 new "Pint-UP" and "Men's Curves" locations annually, contributing to a total of 2,124 clubs by the end of FY2026.

Curves Holdings' medium-term vision aims for 2,600 clubs and JPY130,000 million in chain-wide sales by FY2030, escalating to 3,150-3,500 clubs and JPY180,000-200,000 million by FY2035. This growth will be fueled by its multi-brand strategy, including "Women-only Wellness Fitness Club Curves," "Men's Curves," and "Physical Movement Recovery Center Pint-UP," targeting an annual operating profit CAGR of 10% or higher and an ROIC of 15%.