Leifras Co., Ltd. American Depositary Shares represent participation in a leading Japanese sports and social business company focused on youth sports development and community engagement. Headquartered in Tokyo, Leifras operates one of Japan’s largest networks of children’s sports schools, offering a diverse portfolio of 13 sports programs—including soccer, basketball, rhythmic karate, and kendo—at over 4,500 locations nationwide, serving tens of thousands of young members annually. The company’s core mission is to foster physical, mental, and social development through sports, emphasizing non-cognitive skills such as teamwork, motivation, and self-discipline within its curriculum. Beyond its sports education roots, Leifras has expanded into social business initiatives, including school club support, community healthcare programs for the elderly, and specialized services for children with disabilities. Leifras Co., Ltd. went public in October 2025, offering investors direct exposure to Japan’s growing youth sports and education sector—a market with significant societal impact and developmental reach. The company’s business model blends recurring membership-based revenues with broader social value creation, reflecting its role as both an educational provider and community partner.