In today’s briefing:
- Fast Fitness Japan Inc (7092 JP): Q1 FY03/26 flash update
- Quiddity Leaderboard CSI 1000 Dec25: US$2.8bn One-Way; Strong Momentum for ADDs V DELs
- MarketEnterprise Co Ltd (3135 JP): Full-year FY06/25 flash update
- Piala (7044 JP): 1H FY12/25 flash update
- Rizap Group (2928 JP): Q1 FY03/26 flash update

Fast Fitness Japan Inc (7092 JP): Q1 FY03/26 flash update
- Revenue reached JPY4.9bn (+15.9% YoY), with JPY2.9bn from directly operated clubs and JPY1.8bn from franchise revenue.
- Operating profit increased 40.8% YoY to JPY877mn, driven by higher revenue and offsetting increased SG&A expenses.
- Gross profit was JPY2.2bn (+18.9% YoY) with a GPM of 44.8%, and SG&A expenses totaled JPY1.3bn (+7.7% YoY).
Quiddity Leaderboard CSI 1000 Dec25: US$2.8bn One-Way; Strong Momentum for ADDs V DELs
- CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.
- In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in December 2025.
- Currently, we see 100 ADDs/DELs for the CSI 1000 index.
MarketEnterprise Co Ltd (3135 JP): Full-year FY06/25 flash update
- Revenue reached JPY24.8bn (+30.3% YoY), with significant growth in Second-hand Online and Mobile & Telecommunications segments.
- Operating profit increased to JPY626mn (+109.4% YoY), driven by a 0.9pp rise in the operating profit margin.
- The company forecasts JPY30.0bn revenue (+21.1% YoY) and JPY1.1bn operating profit (+75.8% YoY) for FY06/25.
Piala (7044 JP): 1H FY12/25 flash update
- Revenue reached JPY8.3bn, a 40.6% YoY increase, with 50% progress against the revised FY12/25 forecast.
- Operating profit was JPY39mn, surpassing the initial forecast, with recurring profit and net income revised upward.
- FY12/25 revenue forecast increased to JPY16.7bn; recurring profit and net income forecasts revised upward by 30.1%.
Rizap Group (2928 JP): Q1 FY03/26 flash update
- Revenue declined by JPY543mn (-1.3% YoY), with both Healthcare & Beauty and Lifestyle segments posting decreases in revenue.
- Rizap-related businesses’ revenue was JPY11.0bn (-7.4% YoY), with improved profitability in the chocoZAP business.
- SD Entertainment recorded revenue of JPY1.1bn (+22.2% YoY) but faced a wider operating loss due to higher SG&A expenses.
