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Stock Analysis & ValuationRenaissance,Incorporated (2378.T)

Professional Stock Screener
Previous Close
¥1,089.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)985.25-10
Intrinsic value (DCF)2247.44106
Graham-Dodd Method631.54-42
Graham Formula2113.5294

Strategic Investment Analysis

Company Overview

Renaissance, Incorporated is a leading Japanese company specializing in sports and fitness club operations, offering a diverse range of services including fitness clubs, swimming schools, tennis schools, and golf schools. Founded in 1979 and headquartered in Tokyo, the company also provides health promotional services for municipalities and corporations, nursing care and rehabilitation support, and store development assistance. Renaissance is known for its Synapsology program, a brain activation method aimed at enhancing cognitive function. The company operates in the Consumer Cyclical sector, specifically within the Gambling, Resorts & Casinos industry, though its core business is fitness and wellness. With a market capitalization of approximately ¥19.08 billion, Renaissance plays a significant role in Japan's growing health and wellness market, catering to both individual and corporate clients seeking active lifestyle solutions.

Investment Summary

Renaissance, Incorporated presents a niche investment opportunity in Japan's fitness and wellness sector. The company's diversified service offerings, including fitness clubs and specialized schools, provide stable revenue streams. However, its high total debt of ¥27.29 billion against cash reserves of ¥6.21 billion raises liquidity concerns. The low beta of 0.45 suggests lower volatility compared to the broader market, which may appeal to conservative investors. The diluted EPS of ¥30.94 and a modest dividend yield indicate reasonable profitability, but the company's growth prospects may be limited by intense competition and Japan's aging population. Investors should weigh the potential of Renaissance's Synapsology and health education services against its financial leverage and sector-specific risks.

Competitive Analysis

Renaissance, Incorporated operates in a competitive Japanese fitness and wellness market, where differentiation is key. The company's competitive advantage lies in its diversified service portfolio, which includes not only traditional fitness clubs but also specialized schools (swimming, tennis, golf) and unique offerings like Synapsology. This diversification helps mitigate risks associated with reliance on a single revenue stream. Renaissance also benefits from long-established operations since 1979, providing brand recognition and customer loyalty. However, the company faces stiff competition from larger fitness chains and niche players. Its financial position, marked by significant debt, may limit aggressive expansion or innovation compared to better-capitalized rivals. The company's focus on corporate and municipal health programs provides a stable B2B revenue stream, but this segment is also highly competitive. Renaissance's ability to integrate wellness services with rehabilitation and nursing care support could be a differentiating factor in Japan's aging society, though execution risks remain.

Major Competitors

  • Sohgo Security Services Co., Ltd. (ALSOK) (2331.T): ALSOK operates fitness clubs under the 'Konami Sports Club' brand, competing directly with Renaissance. Its strengths include strong brand recognition and integration with its parent company's security services. However, ALSOK's focus is more urban-centric, potentially leaving gaps in regional markets where Renaissance operates.
  • Resorttrust, Inc. (4681.T): Resorttrust operates high-end golf clubs and resorts, overlapping with Renaissance's golf school segment. Its strength lies in premium offerings and membership models, but it lacks Renaissance's broader fitness and wellness service array.
  • UT Group Co., Ltd. (2146.T): UT Group provides workforce solutions including healthcare staffing, competing indirectly with Renaissance's nursing care services. Its strength is in human resource scalability, but it doesn't offer the integrated fitness-wellness solutions of Renaissance.
  • Konami Holdings Corporation (9766.T): Konami operates sports clubs and fitness centers, competing directly with Renaissance. Its strengths include strong brand power and diversified entertainment business. However, Konami's focus is more on urban fitness centers, while Renaissance has a broader regional presence.
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