Fiscal Year Ended March 31, 2024

Financial Results Briefing Materials
RENAISSANCE INCORPORATED
May 10, 2024
(Tokyo Stock Exchange Prime Market: 2378)

Table of Contents
1. Financial Highlights for Fiscal Year Ended March 31, 2024

‥2

2. Overview of the Sports Club Business for Fiscal Year Ended
March 31, 2024

‥9

3. Major Topics for Fiscal Year Ended March 31, 2024

‥14

4. Store Openings and Closings During Fiscal Year Ended
March 31, 2024

‥29

5. Outlook for Fiscal Year Ending March 31, 2025

‥32

1

1. Financial Highlights for
Fiscal Year Ended March 31, 2024
On March 31, 2023, the Company acquired 40% of the shares of Tokyu Sports Oasis Inc. (currently SPORTS
OASIS Inc.) and made it an equity method affiliate. Furthermore, on March 31, 2024, we acquired an additional 60%
of Oasis's shares, making it a wholly owned subsidiary.
2Consolidated/Non-Consolidated Income Statements(Millions of yen)

Consolidated
Net sales

Fiscal Year Ended
March 31, 2023

Fiscal Year Ended
March 31, 2024

Year-on-Year

40,76043,627+7.0%

Operating income

680

1,261

+85.4%

Ordinary income

311

524

+68.5%(1,141)

632-

Net income
attributable to owners of
the parent company(Millions of yen)

Non-consolidated
Net sales

Fiscal Year Ended
March 31, 2023

Fiscal Year Ended
March 31, 2024

Year-on-Year

40,24443,048+7.0%

Operating income

737

1,264

+71.6%

Ordinary income

302

817

+170.4%

Net income (loss)(1,204)589

3

Differences between the Full-year Earnings Forecast
and Actual Results
While net sales and operating income were generally close to the initial plan, ordinary income
was below it due to the impairment of fixed assets at Tokyu Sports Oasis Inc.(current: SPORTS
OASIS Inc.; hereinafter Oasis), an equity method affiliate.
(Millions of yen)
Fiscal Year Ended
March 31, 2024
(Previous forecast)Fiscal Year Ended
March 31, 2024
(Actual)Differences between
Factors for Differences between
Earnings Forecast
Earnings Forecast and Actual Results
and Actual Results

Net sales

44,00043,627

Operating income

1,200

1,261

Ordinary income

900

524

Net income attributable toowners of the parent company

650

632

Net income per share (yen)

34.41

32.45

-

Dividend per share (yen)

10.0

10.0

-

(0.8%)(372)+5.1%
Curbing of utilities expenses, etc.
+61(41.7%) 362 million yen in equity in losses
of affiliates, including impairment(375) losses on fixed assets (15facilities) at Oasis, etc.
(2.6%) 337 million yen valuation gainfrom two-stage acquisition of(17) Oasis shares, etc.

4Factors for Increase and Decrease in Consolidated
Operating Income (Year-on-Year)
Profit increased substantially as a result of the increase in net sales due to an increase in the number ofmembers of sports clubs, including new stores, and the price revision of fitness membership in July andOctober as well as the curbing of utilities expenses through the government's operation to mitigate sudden
fluctuations in electricity and gas prices.
(Millions of yen)(463)

(1,304)(500)

Operating
Income for
Fiscal 2022

Increase in Net
Sales

Sales
Promotion
Expenses

Personnel
ExpensesUtilities
Expenses

Other Facility
Expenses

(135)

(13)

Other
Expenses

Other Costs

Breakdown of Cost of Sales for Sports Clubs(106)

Head Office
Expenses

Operating
Income for
Fiscal 2023

5

Consolidated Net Sales by Division(Millions of yen)
Fiscal Year Ended Composition Fiscal Year Ended Composition
Year-on-Year
March 31, 2024
March 31, 2023
ratio
ratio

Fitness Division Total

17,85343.8%

19,67045.1%+10.2%

Swimming school

9,781

24.0%

10,243

23.5%

+4.7%

Tennis school

3,905

9.6%

4,085

9.4%

+4.6%

Other schools

1,292

3.2%

1,317

3.0%

+2.0%

School Division Total

14,97936.8%

15,646

35.9%

+4.5%

Shop Division Total

798

2.0%

824

1.9%

+3.2%

Other Income Total

3,900

9.6%

4,035

9.3%

+3.5%

Total Net Sales - Sports
Facilities

37,531

92.1%

40,176

92.1%

+7.0%

Entrusted Management

689

1.7%

696

1.6%

+1.1%

Nursing Care andRehabilitation

1,687

4.1%

1,837

4.2%

+8.9%

Other Net Sales

852

2.1%

916

2.1%

+7.5%

Other Net Sales Total

2,540

6.2%

2,753

6.3%

+8.4%

Total Net Sales

40,760100.0%

43,627100.0%+7.0%(beauty salon, massage, etc.)

6Consolidated Balance Sheet*The main reason for the change in financial position as of March 31, 2024 was the acquisition of
additional shares of Oasis on March 31, 2024, making it a wholly owned subsidiary.
(Millions of yen)
Fiscal Year Ended
March 31, 2023

Current
assets

8,784

Fixed
assetsFiscal Year Ended
March 31, 2024

Year-onYear

Major Factors for Increase and Decrease

10,992+25.1% Increase in cash and deposits, accounts receivable, etc.

33,461

42,184+26.1%

Increase in leased assets due to new store openings,
goodwill arising from capital consolidation proceduresfor Oasis, increase in security deposits and guarantees,
etc.

Deferred
assets27

18(33.1%)

Total Assets

42,27253,194+25.8%

10,341

13,507+30.6% Increase in accounts payable, accrued expenses, etc.

20,93928,261+35.0% obligations, etc.

Total Liabilities

31,281

41,769+33.5%

Total Net Assets

10,991

11,425+3.9%

Total Liabilities
and Net Assets

42,27253,194+25.8%

Current
liabilities
Fixedliabilities

Increase in lease liabilities and asset retirement

7Consolidated Statement of Cash Flows(Millions of yen)
Fiscal Year Ended
March 31, 2023
Cash flows from operating
activities

1,614

Cash flows from investing
activities(4,238)Cash flows from financing
activities

3,350

Fiscal Year Ended
March 31, 2024

Highlights of Fiscal Year Ended March 31, 2024

Increase in net income before income taxes,
depreciation and amortization, and long-term
4,831 accounts payable - other, decrease in accrued
consumption taxes, etc.
Purchase of property, plant and equipment,(4,520) acquisition of shares of subsidiaries resulting
in change in scope of consolidation, etc.
Changes in long-term and short-term
436 borrowings, proceeds from sale and leaseback
transactions, etc.

Net increase (decrease) in cash
and cash equivalents, etc.

676

679

Cash and cash equivalents at
beginning of period

4,855

5,532

Cash and Cash Equivalents at End
of Period

5,532

6,211

8

2. Overview of the Sports Club
Business

9

Number of Members by Division(Members)
Fiscal Year Ended Composition Fiscal Year Ended Composition
March 31, 2023
ratio
March 31, 2024
ratio

Year-on-Year

Fitness Division
Total

178,26747.7%

184,075

46.6%

+3.3%

Swimming school

103,38227.7%

102,957

26.1%(0.4%)

Tennis school

34,317

9.2%

33,7408.5%(1.7%)

Other schools

20,713

5.5%

19,8975.0%(3.9%)

School Division
Total

158,41242.4%

156,594

39.7%(1.1%)

Online Total

36,936

9.9%

54,331

13.8%+47.1%

Total Number ofMembers373,615100.0%

395,000

100.0%+5.7%*Number of members in the fitness and school divisions indicate members of directly managed facilities in Japan*Other schools include school-based fitness programs*Including those who have put their membership on freeze

10Number of New Members(Members)
50,00045,00040,00035,00030,00025,00020,00015,00010,000
5,000
0

1Q

2Q

3Q

4Q

1Q

Fitness division

School division

Period of issuance of quasi-emergency measuresagainst COVID-19*Only directly managed facilities in Japan

3Q

FY2022

FY2021
Total

2Q

4Q

1Q

2Q

3Q

4Q

FY2023 Despite the price revisions of fitness membershipin July and junior school membership in October,the number of new members remained steady.
11

Trends in Existing Clubs
 Net sales

 Fee per membership (cumulative total for full year)(Yen)(Millions of yen)

12,00050,00040,000

+5.6%

+8.1%

10,000

8,828

9,158

FY2021

FY2022

9,575

8,000

30,0006,000
20,0004,000

10,00002,000
FY2021

FY2022

FY2023

 Number of members at end of period(Members)

0

FY2023

 Withdrawal rate (cumulative total for full year)
5.0%

400,000

4.0%

300,000

3.1%

3.2%

FY2021

FY20223.4%

3.0%
200,000

2.0%

100,000
0

1.0%
FY2021

FY2022

FY20230.0%

FY202312

Membership Age Breakdown
Fitness division
0%

20%

40%

60%

13.3

19.5

20.8

March
2020

14.0

March
2021

12.8 12.0

18.3

21.0

March
2022

13.3

17.7

21.1

March
2023
March
2024

14.2

13.8

Under 20’s

11.8

12.5

17.1

School division
80%

16.3

21.4

30’s

40’s

50’s

40%

60%

80%

100%

March
2020

58.6

19.0

4.0 18.4

17.7

18.2

March
2021

58.1

19.4

3.9 18.6

17.4

18.7

March
2022

55.7

18.3

4.5

21.5

18.2

4.9

21.9

18.6

4.6 22.4

17.1

18.2

50 or over: 57.6%

12.3

20%

15.5

16.9

50 or over: 56.2%

20.9

0%

100%

17.7

60’s

18.4

70’s or over

March
2023
March
2024
Under 10

Under 20: 73.2%

55.0
Under 20: 73.0%

54.4

Ages 10 to 19

Ages 20 to 39

40’s or over

School membership: Swimming, tennis, otherschools (golf, soccer, fitness school, etc.)133. Major Topics for Fiscal Year
Ended March 31, 2024

14

Sports Club BusinessNew opening of four integrated sports clubs
Expanding the number of locations as new communities centered on health promotion.

 Sports Club & Spa
RenaissanceImazato 24(Osaka-shi, Osaka) Sports Club
Renaissance Sendai
Oroshi-machi 24(Sendai-shi, Miyagi)

 Sports Club
Renaissance Hikari no
Mori 24(Kikuyo-machi,
Kumamoto) Sports Club
Renaissance Aeon Mall
Zama 24(Zama-shi, Kanagawa)15

Sports Club BusinessInitiatives to leverage the strengths of integrated sports clubs

Through continuous renewal of the training gyms, bath/saunas, lounge spaces, etc., we will work
to provide enjoyment unique to an integrated sports club and create comfortable spaces andcommunities through people x digital technology.

 Proposing items and ways to spend time that are
unique to an integrated sports club Continuing to renew
existing facilities to create
added value for members(Photo: RenaissanceHashimoto) Creating community
among members and withstaff through fan
community sites
16Sports Club Business
New initiatives in the school business, including those for juniors
We developed and introduced “KIDS FIT®,” a new fitness school to nurture children's motor andnon-cognitive skills; introduced “Smart Swimming Lesson,” a sports ICT solution developed by Sony
Network Communications Inc. featuring athlete courses and adult classes.

 KIDS FIT® fitness school for children

 Expansion of classes deploying “Smart
Swimming Lesson”

17Sports Club Business
Ranked No. 1 in the “Kids Swimming School, Elementary School Instructor”
category in the 2024 Oricon Customer Satisfaction® ranking
Our junior swimming school instructors were highly rated for their leadership, communication skills(attentive, interactive, etc.), and knowledge.

 Swimming instruction with the motto “Enjoy
swimming”

18

Nursing Care and Nursing/Medical Care
Peripheral Business
Newly opened “Genki Gym,” a day-care service specializing in rehabilitation, and a home-nursing
stationOpened a new franchise facility,” Renaissance Genki Gym Musashi-Seki”, in August.
In November, we opened “Renaissance Rehabilitation Station Fujimidai”, our first home-visit nursing station ina sports club, in “Sports Club Renaissance Fujimidai 24”, as an initiative to promote collaboration among ourbusinesses.

Sports Club Renaissance Fujimidai 24

 Genki Gym Musashi-Seki (franchise)(Nerima-ku, Tokyo)

 Rehabilitation Station Fujimidai established within sports club
(Nerima-ku, Tokyo)
19

Nursing Care and Nursing/Medical Care
Peripheral BusinessSupport for cancer survivors to improve their quality of life through exercise rehabilitation

We assigned “Cancer Exercise Specialists Certified by Osaka International Cancer Institute” who provide
exercise guidance based on the medical details of cancer and the needs of cancer patients. In addition,
we conducted lectures on frailty prevention for hospitalized cancer patients in collaboration with the
Osaka International Cancer Institute.

 77 “Cancer Exercise Specialists” are assigned tosports clubs and nursing care rehabilitation
facilities nationwide.
(As of March 31, 2024)

 A lecture on frailty prevention for hospitalized
cancer patients.
20

Business for Companies and Health Insurance
Associations
Growth of online health program streaming services

We are expanding the rollout of “RENAISSANCE Online Livestream,” online lesson streaming service as asupport tool for health services for corporate customers. The number of annual views increased by 220,000,
114% of the usage in FY2022, and continues to be popular.
In addition, we launched the online streaming service “Smart Action” which supports companies in KENKOKEIEI®.
The Company aims to establish a service that provides useful content for employees to maintain andpromote their health, and accompanies companies in their promotion of health management to enhance
results. The number of registered employees has steadily increased and now exceeds 10,000.
* KENKO KEIEI® ‟Health and Productivity Management” is a registered trademark of Nonprofit Organization Kenkokeiei.

21

Health Promotion Business for Local Communities
and Municipalities
Started operations as the designated manager of Takeo-shi, Saga and Ozu-machi, Kikuchi-gun,
Kumamoto

The consortium in which the Company participates will become the designated manager for the operation ofsports parks and indoor sports facilities in Takeo-shi and Ozu-machi, and work to promote the health of local
residents, promote sports, and revitalize the local community since April.

 Takeo-shi Civic Gymnasium Ozu-machi General Gymnasium
22

Health Promotion Business for Local Communities
and Municipalities
Expanding collaboration with local governments to solve local social issues

Aiming to solve social issues through collaboration with local governments and companies byutilizing Renaissance's know-how and resources.
Time ofconclusion
July 2023
September 2023
October 2023
January 2024
January 2024
February 2024
March 2024
March 2024

Agreement details
Signed MOU for “Obu City Sleep Improvement Demonstration Project for
Working Age Population”(Three-party agreement with Obu-shi, Aichi and TOYOTA SYSTEMSCORPORATION)
Signed “Comprehensive Collaborative Agreement on Health Promotion, etc.”(Zama-shi, Kanagawa)Signed “Partnership Agreement on Supporting Disaster Victims in the Event of
a Disaster”(Kikuyo-machi, Kumamoto)
Signed collaborative agreement on the improvement of pre-symptomatic
illness, etc. (Kanagawa)Signed “Agreement on Facility Opening and Exercise Support in the Event ofDisaster”(Motosu-shi, Gifu)
Signed “Agreement on Assistance to People Walking Home in the Event of aDisaster”(Fukuoka-shi, Fukuoka)
Signed “Agreement on Accepting People Who Have Difficulty Returning Homein the Event of a Disaster”(Yamato-shi, Kanagawa)Signed “Agreement on Facility Opening and Exercise Support in the Event ofDisaster”(Warabi-shi, Saitama) Strengthening partnerships with local governments
nationwide in health promotion and support for local
residents in times of disaster Swimming lessons were held in 50 schools in 25
municipalities, approximately 1.5 times more than in23
the previous fiscal year

Initiatives of BEACH TOWN CORPORATION
Participated in an integrated development near Seiseki-sakuragaoka station on
the Keio LineWe produced a membership outdoor fitness facility in Seiseki-sakuragaoka as a business partnerof Keio Corporation. Opened in October as RIVER PARK Seiseki-Sakuragaoka.

24

Initiatives with Oasis
Sports club business and home fitness business (mail order and online shopping) are
performing well

Oasis, an equity method affiliate, from the fiscal year ended March 2024, has been utilizing the Company's know-how instore and school operations at sports clubs and aggressively expanding sales of home fitness products.

<< Initiatives in FY2023 >>•••<<Status of Sports Oasis (non-consolidated)>>From April, 3 people from Renaissance joined
the executive team
Establishment of a new management structure
Initiatives and partnerships to improve theadded value of services

 Sports club business sales (FY2023 cumulative)

12,106 million yen
 Home fitness business sales (FY2023 cumulative)

3,970 million yen Number of facilities (as of March 31, 2024)

43 facilities Started considering the use of
Renaissance's operational knowhow in school business Strong performance in home
fitness business (online
shopping) as several products
were hits(32 directly managed, 11 entrusted) Number of registered members (as of March 31, 2024)

81,86725

Initiatives with Oasis
Acquired additional shares of Oasis at the end of March 2024, making it a 100% consolidated
subsidiary

By strengthening collaboration between Oasis and Renaissance, which have similar corporate
philosophies and complementary businesses, we will achieve further growth, industry development, andsupport for solving health issues for a diverse range of people.

Features of Oasis
Sports clubmanagement


Other corebusinesses

Initiatives tocreatesynergies

Store development centered on the Tokyo
metropolitan area and central Kinki area
(23 stores in Tokyo metropolitan area, 9 in
Kinki area)
Home Fitness Business developing andmarketing home exercise products, letting
people exercise while doing something else

Has developed original products that enable people who do not
like exercise to develop exercise habits at home. Strengths inproducts and diverse sales channels

Features of RenaissanceComplementaryComplementaryStore development centered on residential locationsin the suburbs of the Tokyo metropolitan area andcore regional cities
Founded as a tennis school, has strengths in theschool business
Genki Gym, a day-care service specializing inrehabilitation
Health promotion projects for local communities,municipalities, companies, and health insurance
associations, utilizing the know-how of sports clubs

 The combined network of the two companies will be the largest corporate group in the fitness industry, withapproximately 140 directly managed sports clubs in Japan, creating opportunities to capitalize on economies of scale Strengthening schools and corporate membership in Oasis sports clubs and expanding health promotion with local
and municipal governments

26

Expansion of Number of Locations ThroughBusiness/Facility Succession
Acquired “KSC wellness Fitness Club Kanamachi and Kanamachi SwimmingClub” in March 2024

KSC wellness Kanamachi, established in 1972 and a symbol of the community with longstanding community-based business initiatives, will continue to contribute to the developmentof Kanamachi as a base for health solutions.
<< Outline of the Business Acquisition >>(1) Counterparty

Ryoshi Co., Ltd.

(2) Name of Facilities

KSC wellness Fitness Club Kanamachi and Kanamachi
Swimming Club

(3) Address

1-1-1 Higashikanamachi, Katsushika-ku, Tokyo(4) Businesses Conducted

Fitness club, swimming school(5) Facility Structure

Gym, studio (3), swimming pool (25m × 7, 25m × 5)
Lockers, hot tubs, water baths, saunas, bicycle parking(approximately 260 spaces), etc.

(6) Acquisition Date

March 28, 2024

27

Human Capital Management Initiatives
Increase salaries for employees and part-time staff and starting salaries for new graduates infiscal 2025
Aiming to further stabilize employees' livelihoods, achieve continuous performance, and strengthen thecompetitiveness of recruitment.

Employees• Increase in monthly salary• Average salary increase 5%(depending on job type andgrade)• From July 2023 payment

Part-time staff working insports clubs• Increase in hourly wages• Increase of 30 yen• From November 2023 payment

New graduates in FY2025• Increase in starting salary• Average increase of 21,900 yen,10%
• Implement for new employees
joining in April 2025

28

4. Store Openings and Closings During
Fiscal Year Ended March 31, 2024

29

New Store Openings and Closings/Termination of
Operations

New store opening
Opening date

Facility name

Address

April 2023
April 2023

Takeo Civic Baseball Stadium (and 26 other facilities)
Five Ozu-machi athletic park facilities (and eight others)

April 2023

BEACHTOWN OND PARK

Takeo-shi, Saga

May 2023

Outdoor Fitness Edogawa

Edogawa-ku, Tokyo

July 2023
July 2023
August 2023
October 2023
October 2023

Sports Club & Spa Renaissance Imazato 24
Sports Club Renaissance Sendai Oroshi-machi 24
Renaissance Genki Gym Musashi-SekiSports Club Renaissance Hikari no Mori 24
Sports Club Renaissance Aeon Mall Zama 24

October 2023

RIVER PARK Seiseki-Sakuragaoka

Tama-shi, Tokyo

November 2023

Renaissance Rehabilitation Station Fujimidai

Nerima-ku, Tokyo

Takeo-shi, Saga
Ozu-machi, Kumamoto

Type

Designated management
Designated management
Outdoor fitness (entrusted
management)
Outdoor fitness (entrusted
management)

Osaka-shi, Osaka
Sports club
Sendai-shi, Miyagi
Sports clubNursingandrehabilitation (FC)
Nerima-ku, Tokyo
Kikuyo-machi, Kumamoto
Sports club
Zama-shi, Kanagawa
Sports club
Outdoor fitness (entrusted
management)
Nursing Care andRehabilitation

Store closings and termination of entrusted management
Termination
date

Facility name

AddressType

Okegawa-shi, Saitama

Outdoor fitness (directly
managed)

Sagamihara-shi, Kanagawa
Chiyoda-ku, Tokyo

Sports club
Entrusted Management

Yokohama-shi, Kanagawa

Outdoor fitness (entrusted
management)

Sports Club Renaissance Fuchinobe
Sagamihara-shi, Kanagawa
Fukuyama City General Gymnasium (and 2 other facilities) Fukuyama-shi, Hiroshima

Sports club
Entrusted Management

End of April 2023

Community Park Okegawa

End of June 2023
End of October 2023

Sports Club Renaissance Sagami-Ono
Shin-Marunouchi Building

End of February 2024 S/PARK StudioEnd of March 2024
End of March 2024

30

Number of Facilities (as of March 31, 2024)
Significant increase from 232 facilities (as of the end of 3Q)
with the addition of Oasis at the end of March 2024

Group total of

274 facilities

Number of
facilities:

End ofMarch 2024

Domestic

RenaissanceSports club facilities

107

Entrusted management facilities

61

Total sports club facilities

168

Total studio facilities
Rehabilitation facilities (directly
managed)2
33

Rehabilitation facilities (FC)11

Total rehabilitation facilities
Sports Oasis

Overseas

BEACH
TOWN

Renaissance
Vietnam

44

Sports club facilities

32

Entrusted management facilities

11

Total sports club facilities

4

Entrusted management facilities

11

VietnamVietnam

Tohoku2 overseas

Number of
facilities:

facilities

Total sports club facilities
Subtotal

2
2

Total

274

19

Chubu/Hokuriku

Number of
facilities:

9

Chugoku/Shikoku

Number of
facilities:

15

Kanto
Number of
facilities:

136

Kinki

15
272
2

Sports club facilities

4

43

Outdoor fitness facilities
Total outdoor fitness facilities
Subtotal

Hokkaido

Kyushu/Okinawa
Kyushu/Okinawa

Number of
facilities:

57

Number of
facilities:

32

272 domestic facilities315. Outlook for Fiscal YearEnding March 31, 202532

Forecast of Consolidated Results andDividends for Fiscal Year Ending March 2025
With Oasis as a wholly-owned consolidated subsidiary, we expect significant growth in both sales and profits.
As announced on May 10, the Company resolved to absorb Oasis with an effective date of April 1, 2025.
(Millions of yen)
Fiscal Year Ended
March 31, 2024
(Actual)Fiscal Year Ending
March 31, 2025
(Forecast)

Net sales

43,62763,000Operating income

1,261

1,800

Ordinary income

524

1,000

Net income attributable toowners of the parent company

632

700

32.45

36.00

10.0

11.0

Net income per share (yen)Dividend per share (yen)Operating income to net sales

Year-on-Year
Increase/decrease+44.4%+19,372+42.7%+538+90.6%+475+10.6%+67-(Interim 3.0/
Fiscal year end 7.0)

(Interim 3.0/
Fiscal year end 8.0)

-

2.9%

2.9%

-

33

New Store Openings and Entrusted Management
Scheduled for April 2024 and Beyond Newly opened and entrusted management facilities
Opening date

Facility name

Address

Type

Katsushika-ku, Tokyo

Sports club

Daisen-cho, Saihaku-gun, Tottori

Outdoor fitness (directly managed)

Karatsu-shi, Saga

Designated management

April 2024

Sports Club Renaissance KSC Kanamachi 24

April 2024

BEACHTOWN Oyama

April 2024

Karatsu City Municipal Community Area

April 2024

Iyo City Shiosai Park

Iyo-shi, Ehime

Designated management

April 2024

Futami Shiokaze Fureai Park

Iyo-shi, Ehime

Entrusted Management

April 2024

Kasuya Town General Gymnasium

Kasuya-machi, Kasuya-gun,
Fukuoka

Entrusted Management

April 2024

Kasuga City Iki-Iki Plaza

Kasuga-shi, Fukuoka

Entrusted Management

Autumn 2024

CARAPPO Toranomon Hills

Minato-ku, Tokyo

Entrusted management (Oasis)

 Kasuya Town General Gymnasium“Kasuya Dome”

 Iyo City Shiosai Park34

Formulation of the 2024-2027 Medium-Term
Management Plan
Please refer to the “2024-2027 Medium-Term Management Plan” announced
on May 10, 2024 for details of our initiatives for medium- to long-term growth,
including the fiscal year ending March 31, 2025.

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We at Renaissance will continue to propose healthy andcomfortable lifestyles to our customers as a “company
for creating purpose in life” (ikigai in Japanese).

RENAISSANCE INCORPORATED
Corporate Planning Department[Address] 2-10-14 Ryogoku, Sumida-ku, Tokyo[E-mail] ml_pr@s-renaissance.co.jp[URL] https://www.s-renaissance.co.jp/
This presentation material contains projections based on future assumptions, outlooks and plans as of May 10, 2024.
Actual results may differ from these forecasts due to risks and uncertainties associated with the global economy,
currency fluctuations, competitive conditions, and other factors.

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