Financial Data and Key Metrics Changes - Net revenue for the first half of fiscal year 2025 reached $38 million, reflecting a 15% year-on-year growth [18] - Income from operations was $471,000, marking a 108.1% increase compared to the same period last year [18][20] - Operating cash flow improved significantly, turning positive at $2.60 million compared to a negative figure in the same period last year [22] Business Line Data and Key Metrics Changes - The sports school business generated revenue of $27 million, an 8.5% year-on-year increase, driven by a rise in membership and event participation [20] - The social business, particularly the school club support segment, achieved sales revenue of $11 million, a 35.4% increase year-on-year, due to the addition of 114 schools contracting for support [20] Market Data and Key Metrics Changes - The proportion of social business revenue to total revenue increased from 24% in fiscal year 2023 to 28% in the first half of fiscal year 2025, indicating growth in this segment [18] - The company supported 349 schools nationwide as of the end of June 2025, a 48.5% increase year-on-year [19] Company Strategy and Development Direction - The company aims to expand its sports school business internationally, leveraging its expertise and experience cultivated in Japan [11][27] - The school club support business is identified as a core growth strategy, with plans to target public junior high schools in designated cities [24] - The company is focused on addressing social issues through sports, viewing its initiatives as both a business opportunity and a social mission [29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential of the school club support business, especially with the ongoing national policy reforms [24][26] - The company anticipates net sales for the full year 2025 to be between $80.2 million and $82.6 million, representing a growth of 12%-15% compared to the previous year [21] Other Important Information - The company successfully completed its initial public offering and listed its shares on NASDAQ in October 2025 [9] - The business model is characterized by seasonality, with profits typically concentrated in the second half of the year [15] Q&A Session Summary Question: What do you think about the future of social business, especially school club support business? - The company plans to continue growing the school club support business and recognizes the significant economic impact of transitioning club activities to the private sector, estimating a potential new market worth approximately JPY 1 trillion [24][25] Question: Please tell us about your overseas business expansion in the U.S. and other countries. - The company intends to expand its sports schools overseas, considering various sports popular in each region, not limited to soccer [27] Question: Are you considering listing in Japan? - The company is not ruling out the possibility of a future listing in Japan but is currently focused on its recent NASDAQ listing [28] Question: Why is the operating profit margin low? - The company acknowledges that addressing social issues incurs costs but is committed to improving its profit margin through business expansion and operational efficiency [28]

Core Points - Fitness Champs Holdings Limited ("FCHL") has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share [1][2] - The company has a compliance period of 180 days, until May 5, 2026, to regain compliance with Nasdaq's listing requirements [2] - If compliance is not achieved within this period, the company may be eligible for an additional 180 days under certain conditions [2] - The notification does not result in immediate delisting, and shares will continue to trade under the symbol "FCHL" [3] - The company is actively evaluating options to regain compliance and intends to meet Nasdaq's requirements [3] Company Overview - Fitness Champs Holdings Limited is a prominent aquatic sports education provider in Singapore, offering swimming lessons and aquatic sports classes [4] - The company is one of the largest providers of swimming lessons to children in public schools through the SwimSafer program [4] - Fitness Champs aims to expand its offerings to include other sports, such as pickleball, to diversify its sports education services [4]

Core Insights - Despite the U.S. government shutdown, the IPO market remains active with 6 companies completing IPOs and 2 SPACs listing, alongside 13 IPOs and 5 SPACs filing initial applications [1] IPO Companies Summary - **Alliance Laundry Holdings (ALH)**: A leading manufacturer of commercial washing machines with a 40% market share in North America, raised $826 million at a valuation of $4.485 billion, closing up 14% this week [1] - **Phoenix Education Partners (PXED)**: Provides post-secondary education services, including the University of Phoenix, raised $136 million at a valuation of $1.319 billion, closing up 13% this week [1] - **PomDoctor (POM)**: An online platform in China for chronic disease management, raised $20 million at a valuation of $474 million, closing up 9% this week [1] - **One and One Green Tech (YDDL)**: A waste recycling company in the Philippines, raised $10 million at a valuation of $270 million, closing up 31% this week [1] - **Leifras (LFS)**: Offers sports classes for children in Japan, raised $5 million at a valuation of $10.5 million, closing down 5% this week [1] - **Turn Therapeutics (TTRX)**: Focuses on wound and dermatology products, utilized a direct listing method, closing down 26% from an opening price of $10 [1] SPAC Companies Summary - **GigCapital8 (GIWWU)**: Raised $220 million [2] - **Lake Superior Acquisition (LKSPU)**: Raised $100 million, targeting sectors such as energy storage, social media, and consumer staples [2]

Core Viewpoint - LEIFRAS Co., Ltd. has successfully closed its initial public offering (IPO) of 1,250,000 American Depositary Shares (ADSs) at a price of US$4.00 per ADS, raising gross proceeds of US$5.0 million before expenses [1][2]. Group 1: Offering Details - The ADSs began trading on the Nasdaq Capital Market under the ticker symbol "LFS" on October 9, 2025 [1]. - The underwriters have a 45-day option to purchase an additional 187,500 ADSs to cover over-allotments at the public offering price [1]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to: - Investing in full-time human resources to expand market shares in the sports school and social businesses [2]. - Expanding the sports school business, including securing sports facilities and hiring part-time assistance [2]. - Expanding the social business by hiring part-time personnel [2]. - Other working capital uses [2]. Group 3: Company Background - LEIFRAS is headquartered in Tokyo and focuses on youth sports and community engagement, recognized as one of Japan's largest operators of children's sports schools [6]. - The company emphasizes a holistic approach to sports education, integrating physical and mental development, and operates a robust social business sector to promote community well-being [6].

Group 1: Company-Specific Developments - Fitness Champs Holdings Limited (NASDAQ:FCHL) experienced a dramatic decrease in its stock price, dropping by 84.46% to $1.08, attributed to market reactions to company developments or sector challenges [2][8] - Charles & Colvard, Ltd. (NASDAQ:CTHR) saw a 45.19% decrease in its stock price to $0.40, potentially related to market dynamics within the luxury goods sector or company-specific news [3][8] - Boxlight Corporation (NASDAQ:BOXL) had its stock price decrease by 38.65% to $2.92, reflecting concerns over growth prospects or challenges in the education technology market [4][8] - Arqit Quantum Inc. (NASDAQ:ARQQW) experienced a 36.72% decrease in its stock price to $1.12, indicating investor concerns over its growth strategy or competitive landscape in the cybersecurity sector [5] - Stran & Company, Inc. (NASDAQ:SWAGW) saw its stock price decrease by 35.73% to $0.06, possibly due to market reactions to its financial performance or strategic decisions [6] Group 2: Sectoral Challenges - The significant price movements of these companies reflect broader sector challenges, including market saturation in sports education, changing consumer preferences in luxury goods, and competitive pressures in education technology and cybersecurity [7]

Core Viewpoint - Fitness Champs Holdings Limited has successfully completed its initial public offering, raising a total of US$8.0 million, which will be utilized for various strategic initiatives to enhance its operations and market presence [1][2]. Group 1: Offering Details - The initial public offering consisted of 3,750,000 ordinary shares priced at US$4.00 each, with 2,000,000 shares offered by the Company and 1,750,000 by selling shareholders [1]. - The shares began trading on the Nasdaq Capital Market under the ticker symbol "FCHL" on September 4, 2025 [1]. - The offering was conducted on a firm commitment basis, with Bancroft Capital, LLC serving as the lead managing underwriter [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to strengthen the coaching team through hiring and training [2]. - Funds will also be directed towards marketing and branding efforts, business development for vertical expansion in aquatic sports, and potential strategic acquisitions [2]. - Additional uses include repayment of loans from the controlling shareholder related to the offering costs and general working capital [2]. Group 3: Company Overview - Fitness Champs Holdings Limited is a prominent provider of aquatic sports education in Singapore, offering swimming lessons and aquatic sports classes [6]. - The Company is recognized as one of the largest providers of swimming lessons to children in public schools through the SwimSafer program [6]. - Future plans include diversifying into other sports education offerings, such as pickleball, to enhance its service portfolio [6].