Added to YB: 2026-08-05
Pitch date: 2026-08-02
212A.T [neutral]
FIT EASY Inc.
+1.96%
current return
Author Info
No bio for this author
Company Info
FIT EASY Inc. engages in planning, operation, and franchise development of fitness clubs in Japan. Its amusement facilities include saunas, golf, self-esthetics, o2 room, aero, baseball, laundry, fit-whitening, pilates, race, ride, tennis, futsul, tanning, and bouldering services.
Market Cap
JPY 45.1B
Pitch Price
JPY 2.7K
Price Target
N/A
Dividend
1.48%
EV/EBITDA
13.74
P/E
23.62
EV/Sales
3.47
Sector
Hotels, Restaurants and Leisure
Category
growth
FitEasy: Exclusive CFO Interview — New Insights Into Our Largest Position
212A.T (holding update): Author's largest position; CFO interview reinforces thesis. Japanese fitness franchise growing EPS ~60% YoY, ~30% compounding path, ~13x EV/EBIT. 130+ franchisee pipeline, no store closures, ~3% churn (best-in-class). 1,000 locations by ~2030-31, 2,500 potential. Personal training 2/3 rev to co = major high-margin upside; take rate ~10-12%. chocoZAP a market-expander tailwind, beats Anytime Fitness. Guidance conservative; margins likely expand.
Read full article (26 min)