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Stock Analysis & ValuationCentral Sports Co., Ltd. (4801.T)

Professional Stock Screener
Previous Close
¥2,435.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)2102.44-14
Intrinsic value (DCF)1169.24-52
Graham-Dodd Method2269.52-7
Graham Formula1288.24-47

Strategic Investment Analysis

Company Overview

Central Sports Co., Ltd. (4801.T) is a leading Japanese sports and leisure management company, operating approximately 200 facilities across Japan. Founded in 1969 and headquartered in Tokyo, the company provides a diverse range of services, including sports club management, corporate fitness programs, marine leisure activities, care prevention initiatives, travel operations, and seasonal sports schools. Central Sports also engages in facility construction and maintenance, bus transportation, security services, and social physical education instruction. With a strong presence in Japan's consumer cyclical sector, the company plays a vital role in promoting health and wellness through its integrated sports and leisure offerings. Its diversified business model ensures resilience against market fluctuations, catering to both individual and corporate clients. Central Sports' commitment to quality and innovation has solidified its reputation as a trusted name in Japan's leisure industry.

Investment Summary

Central Sports Co., Ltd. presents a stable investment opportunity with its diversified revenue streams and strong market presence in Japan's leisure sector. The company reported a net income of JPY 1.16 billion and revenue of JPY 45.38 billion for FY 2024, demonstrating steady financial performance. With a low beta of 0.135, Central Sports is relatively insulated from market volatility, making it an attractive option for risk-averse investors. The company's healthy cash position (JPY 7.4 billion) and manageable debt (JPY 6.53 billion) provide financial flexibility. However, investors should consider the competitive nature of the leisure industry and potential economic downturns affecting discretionary spending. The dividend yield, with JPY 50 per share, adds to its appeal for income-focused investors.

Competitive Analysis

Central Sports Co., Ltd. holds a competitive advantage through its diversified service offerings and extensive network of approximately 200 facilities across Japan. The company's integration of sports club management, corporate fitness programs, and seasonal sports schools creates multiple revenue streams, reducing dependency on any single segment. Its involvement in facility construction and maintenance further enhances operational efficiency and cost control. Central Sports' strong brand recognition and long-standing presence in Japan's leisure industry provide a competitive edge in attracting both individual and corporate clients. However, the company faces competition from other leisure and fitness providers, particularly those with more modern facilities or digital offerings. Central Sports' focus on traditional sports clubs and physical locations may limit its appeal to younger, tech-savvy consumers. The company's ability to adapt to changing consumer preferences, such as the growing demand for digital fitness solutions, will be crucial for maintaining its market position. Its established relationships with corporate clients for fitness programs provide a stable revenue base, but increasing competition in this segment could pressure margins.

Major Competitors

  • Toshin Holdings Co., Ltd. (2331.T): Toshin Holdings operates sports clubs and fitness centers in Japan, competing directly with Central Sports. The company has a strong presence in urban areas and offers modern facilities, appealing to younger demographics. However, Toshin's narrower focus on fitness centers limits its revenue diversification compared to Central Sports' broader leisure offerings. Toshin may have an edge in technology integration but lacks Central Sports' extensive corporate client network.
  • Kanamoto Co., Ltd. (9678.T): Kanamoto operates sports facilities and leisure centers, competing in similar markets as Central Sports. The company has a strong regional presence but lacks the nationwide coverage of Central Sports. Kanamoto's strength lies in its equipment rental business, which complements its sports facilities. However, its leisure operations are less diversified than Central Sports', focusing more on traditional sports facilities.
  • UT Group Co., Ltd. (2146.T): UT Group operates fitness clubs and sports facilities, though its primary business is in staffing services. This diversification gives UT Group stability but limits its focus on the leisure sector compared to Central Sports. UT Group's fitness operations are smaller in scale and less geographically diverse than Central Sports' nationwide network.
  • Planet Fitness Japan Co., Ltd. (9675.T): As part of the international Planet Fitness brand, this competitor brings global standards and branding to the Japanese market. Its strength lies in brand recognition and standardized offerings, but it lacks the local adaptation and diversified services that Central Sports provides. Planet Fitness Japan's operations are more limited in scale compared to Central Sports' extensive facility network.
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