# Twenty-four seven Holdings Inc.: business model and financials

> Latest period: FY ending Nov 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第18期(2024/12/01－2025/11/30) (S100XMWM)
> Page: https://vizora.meequs.com/en/company/twenty-four-seven-holdings
> Retrieved: 2026-09-30T21:13:08.708Z

## Company

Twenty-four seven Holdings, founded in 2007, is a company in Sporting Goods & Fitness listed on TSE Growth. It has 114 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Twenty-four seven Holdings Inc. (旧英訳名 Twenty-four seven Inc.)(注)2025年2月27日開催の定時株主総会の決議により、2025年6月 1日から会社名を上記のとおり変更いたしました。 |
| Ticker | 7074 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7074.T) |
| Listing | TSE Growth |
| Head office | 東京都品川区東品川二丁目3番12号 (注)2025年3月1日より、下記から移転しております。 東京都港区愛宕二丁目5番1号 |
| Representative (per filing) | 代表取締役社長 松木 大輔 |
| Founded | Dec 2007 |
| Share capital | ¥172.5M |
| Employees (consolidated) | 114 |
| Average salary (parent only) | ¥7.5M |
| Fiscal year end | November |
| Website | 247-sports.jp (https://247-sports.jp/) |
| Corporate number | 6010001115154 |
| EDINET | E35238 |
| Industries (Vizora) | Sporting Goods & Fitness, Real Estate Brokerage & Management |

> Profile source: annual securities report (S100XMWM, filed 2026-02-26). As of filing

## Five-axis industry profile

Primary industry: Sporting Goods & Fitness (2025-11-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 2.5 | 20 |
| Efficiency | 97.5 | 20 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 98% of Twenty-four seven Holdings's sales come from Personal training, with Real Estate Related Business making up much of the rest.
- It lost about ¥8 for every ¥100 of sales at the operating level.
- Revenue changed -17.1% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥2.09B |  |
| Operating income | -¥177.9M | Margin -8.5% |
| Net income | -¥209.8M | Margin -10.0% |
| Free cash flow | -¥313.4M |  |
| Largest business | Personal training | of segment revenue 97.6% |
| Employees (consolidated) | 114 |  |
| EPS | ¥-25.11 |  |
| Book value per share | ¥9.42 |  |
| Equity ratio | 7.7% |  |
| Shares outstanding | 8,486,200 |  |
| Treasury shares | 100 |  |
| Shareholders | 1,592 |  |
| Average salary (parent only) | ¥7.5M | Filing company only |
| Cash ratio | 47.1% | Cash ÷ revenue 24.1% |
| Vs. industry median margin | -14.1 pp | Sporting Goods & Fitness |
| ROA | -19.6% | Derived from disclosed figures |

## Notable figures

- FY2025, one segment accounts for 100% of positive segment profit
- FY2025, segment profit share differs by 98 points
- FY2025, cash is 47% of total assets

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Nov 2020 | FY ending Nov 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥5700414000 | ¥2094682000 | — |
| Operating income | ¥-1013975000 | ¥-177871000 | — |
| Operating margin | -17.8% | -8.5% | +9.3 pp |
| Employees | 321 people | 114 people | — |
| Cash and equivalents | ¥1708916000 | ¥505459000 | — |

### Change in segment revenue mix

Span: FY ending Nov 2020 → FY ending Nov 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 新設・再編 → パーソナルトレーニング事業 | 97.6% |
| 新設・再編 → 不動産関連事業 | 2.4% |

Segment revenue source references: 2 (derived)

## Income statement（FY ending Nov 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,095 | 100.0% | S100XMWM |
| Cost of revenue | 1,576 | 75.3% | S100XMWM |
| Gross profit | 518 | 24.7% | S100XMWM |
| SG&A | 696 | 33.2% | S100XMWM |
| Operating income | -178 | -8.5% | S100XMWM |
| Ordinary income | -177 | -8.4% | S100XMWM |
| Pretax income | -193 | -9.2% | S100XMWM |
| Income tax | 17 | 0.8% | S100XMWM |
| Net income | -210 | -10.0% | S100XMWM |
| Net income attributable to owners | -210 | -10.0% | S100XMWM |

## Per ¥100 of revenue（FY ending Nov 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 75 |
| SG&A | 33 |
| Operating income | -8 |
| (Ref.) Net income | -10 |

### Margin funnel

Gross margin 24.7% → Operating margin -8.5% → Net margin -10.0%
Derived from reported figures (DERIVED).

## Year over year（FY ending Nov 2024 → FY ending Nov 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 2,527 | 2,095 | -433 | -17.1% |
| Gross profit | 929 | 518 | -411 | -44.2% |
| Operating income | -363 | -178 | 186 | — |
| Operating cash flow | -498 | -146 | 352 | — |
| Free cash flow | -520 | -313 | 207 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Nov 2019 | 7,698 | 992 | 12.9% | 584 | 438 | -77 | S100KV38 |
| FY ending Nov 2020 | 5,700 | -1,014 | -17.8% | -1,500 | -1,318 | -1,602 | S100NKGL |
| FY ending Nov 2021 | 5,457 | -50 | -0.9% | -137 | 342 | 215 | S100QB2L |
| FY ending Nov 2022 | 4,237 | -539 | -12.7% | -1,691 | -715 | -777 | S100SY65 |
| FY ending Nov 2023 | 3,213 | -360 | -11.2% | -481 | -559 | -640 | S100VAVY |
| FY ending Nov 2024 | 2,527 | -363 | -14.4% | -436 | -498 | -520 | S100VAVY |
| FY ending Nov 2025 | 2,095 | -178 | -8.5% | -210 | -146 | -313 | S100XMWM |

## People and productivity（FY ending Nov 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥18.4M |
| Operating income per employee (consolidated) | -¥1.6M |
| Net income per employee (consolidated) | -¥1.8M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Nov 2021 | FY ending Nov 2022 | FY ending Nov 2023 | FY ending Nov 2024 | FY ending Nov 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 271 | 229 | 174 | 129 | 114 |
| Average salary (parent company) | ¥4.8M | ¥4.7M | ¥4.9M | ¥5.1M | ¥7.5M |
| Average age (parent company) | 29.7 years | 30.4 years | 31.7 years | 31.3 years | 42.7 years |
| Average tenure (parent company) | 3.4 years | 4.0 years | 4.7 years | 5.5 years | 3.9 years |

## Segments（FY ending Nov 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Personal training | 2,044 | 97.6% | -62 | -3.0% |
| Real Estate Related Business | 51 | 2.4% | 16 | 31.5% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Personal training | 97.6% | — | — | -3.0% |
| Real Estate Related Business | 2.4% | 100.0% | 97.6 | 31.5% |

Loss-making segment (excluded from profit shares): Personal training -62 JPY mn

Segment → industry: Personal training → Sporting Goods & Fitness / Real Estate Related Business → Real Estate Brokerage & Management

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Nov 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -146 | -7.0% | S100XMWM |
| Capital expenditure | 168 | 8.0% | S100XMWM |
| Free cash flow | -313 | -15.0% | 算出 |
| Investing cash flow | -144 | -6.9% | S100XMWM |
| Financing cash flow | 144 | 6.9% | S100XMWM |
| Change in cash | -146 | -7.0% | S100XMWM |
| Cash and equivalents | 505 | 24.1% | S100XMWM |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Nov 2021 | FY ending Nov 2022 | FY ending Nov 2023 | FY ending Nov 2024 | FY ending Nov 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,909 | 1,101 | 731 | 651 | 505 | S100SY65, S100VAVY, S100XMWM |
| Total assets | 3,645 | 1,634 | 1,153 | 1,027 | 1,073 | S100QB2L, S100SY65, S100VAVY, S100XMWM |
| Net assets | 2,032 | 334 | 130 | 148 | 89 | S100SY65, S100VAVY, S100XMWM |
| Share capital | 792 | 793 | 931 | 100 | 173 | S100QB2L, S100SY65, S100VAVY, S100XMWM |
| Property, plant and equipment | 1,090 | — | 30 | 1 | 183 | S100QB2L, S100VAVY, S100XMWM |
| Intangible assets excluding goodwill | 124 | 0 | — | — | 10 | S100QB2L, S100SY65, S100XMWM |
| Goodwill | — | — | — | — | 10 | S100XMWM |
| Current assets | 2,120 | 1,335 | 895 | 799 | 683 | S100QB2L, S100SY65, S100VAVY, S100XMWM |
| Current liabilities | 1,309 | 1,009 | 721 | 596 | 622 | S100QB2L, S100SY65, S100VAVY, S100XMWM |
| Long-term borrowings | — | — | — | — | 42 | S100XMWM |
| Total liabilities | 1,613 | 1,300 | 1,024 | 879 | 984 | S100QB2L, S100SY65, S100VAVY, S100XMWM |
| Equity attributable to owners of parent | 2,032 | 334 | 129 | 148 | 83 | S100QB2L, S100SY65, S100VAVY, S100XMWM |
| Retained earnings | 452 | -1,248 | -1,728 | -436 | -252 | S100QB2L, S100SY65, S100VAVY, S100XMWM |
| Treasury stock | -0 | -0 | -0 | -0 | -0 | S100QB2L, S100SY65, S100VAVY, S100XMWM |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 47% | S100XMWM |
| Property, plant and equipment | 17% | S100XMWM |
| Intangibles and goodwill | 2% | S100XMWM |
| Other assets | 34% | S100XMWM |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 92% | S100XMWM |
| Equity | 8% | S100XMWM |

### Balance sheet history

| Metric | FY ending Nov 2021 | FY ending Nov 2022 | FY ending Nov 2023 | FY ending Nov 2024 | FY ending Nov 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 3,645 | 1,634 | 1,153 | 1,027 | 1,073 |
| Equity | 2,032 | 334 | 130 | 148 | 89 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,909 | 1,101 | 731 | 651 | 505 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 8.8% | S100XMWM |
| Fixed assets ÷ total assets | 17.1% | S100XMWM |
| Goodwill ÷ parent equity | 12.6% | S100XMWM |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 47.1% |
| Cash ÷ revenue | 24.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 64 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 8.0% |
| Investing CF relative to operating CF | — |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | — | —× | -3.8% | —× | — | S100QB2L |
| 2022 | — | —× | -64.1% | —× | — | S100SY65 |
| 2023 | — | —× | -34.5% | —× | — | S100VAVY |
| 2024 | — | —× | -40.0% | —× | — | S100VAVY |
| 2025 | — | —× | -19.6% | —× | — | S100XMWM |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| いなよしキャピタルパートナーズ株式会社 | Major shareholder | 39.6% | 2025-11-30 |
| NOVAホールディングス株式会社 | Major shareholder | 16.4% | 2025-11-30 |
| 小島 礼大 | Major shareholder | 5.1% | 2025-11-30 |
| 株式会社岩谷企画 | Major shareholder | 4.9% | 2025-11-30 |
| ＩＴＪ株式会社 | Major shareholder | 2.3% | 2025-11-30 |
| 楽天証券株式会社共有口 | Major shareholder | 1.6% | 2025-11-30 |
| 株式会社ブレインズネットワ－ク | Major shareholder | 1.4% | 2025-11-30 |
| 株式会社Wiz | Major shareholder | 0.9% | 2025-11-30 |
| 野村證券株式会社 | Major shareholder | 0.9% | 2025-11-30 |
| 株式会社ジー・コミュニケーション | Major shareholder | 0.8% | 2025-11-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第18期(2024/12/01－2025/11/30) | S100XMWM | 2026-02-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XMWM,, |
| 有価証券報告書－第17期(2023/12/01－2024/11/30) | S100VAVY | 2025-02-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VAVY,, |
| 有価証券報告書－第16期(2022/12/01－2023/11/30) | S100SY65 | 2024-02-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SY65,, |
| 有価証券報告書－第15期(2021/12/01－2022/11/30) | S100QB2L | 2023-02-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QB2L,, |
| 有価証券報告書－第14期(令和2年12月1日－令和3年11月30日) | S100NKGL | 2022-02-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NKGL,, |
| 有価証券報告書－第13期(令和1年12月1日－令和2年11月30日) | S100KV38 | 2021-02-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100KV38,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).