#Japan #Tokyo #Forvis Mazars #LEIFRAS #audit transition

LEIFRAS Co., Ltd. Appoints Forvis Mazars as New Auditor

LEIFRAS Co., Ltd., a prominent player in Japan's youth sports sector, has announced a vital decision in its corporate governance by appointing Forvis Mazars Japan Audit LLC as its new independent registered public accounting firm. This move is set to take effect after the examination of the company's financial data by its current auditing firm for the third quarter of fiscal year ending December 31, 2026. The decision was ratified during board meetings held on July 13 and August 14, 2026.

Strengthening Governance through Unified Audit Framework

This strategic appointment is more than a simple change in auditor; it is a significant step towards establishing a unified audit framework between Japan and the United States. By transitioning to a single audit organization, LEIFRAS anticipates enhanced corporate governance, improved operational efficiency, and increased readiness for potential dual listings on the Tokyo Stock Exchange.

Historically, LEIFRAS has engaged two separate audit firms: one for compliance with the Public Company Accounting Oversight Board (PCAOB) standards in the U.S. and another for its statutory audit in Japan under the Companies Act. By consolidating its audit functions within Forvis Mazars, the company aims to streamline compliance efforts, improve audit coordination, and ensure consistency across its financial reporting processes.

Rationale Behind the Selection of Forvis Mazars

The selection of Forvis Mazars came after a thorough evaluation process, which highlighted the firm’s global audit capabilities, its extensive experience with publicly listed organizations, and its proficiency in providing coordinated audit services across different jurisdictions. LEIFRAS is confident that Forvis Mazars brings the requisite PCAOB expertise and an in-depth understanding of the Japanese regulatory landscape that will be crucial for the company's public growth trajectory.

By optimizing its audit procedures, the transition is expected to lower audit-related costs over the medium to long term. The company plans to reinvest the savings from this transition back into its operations, enhancing its corporate governance structures and accounting systems.

Future Commitments and Company Background

Looking ahead, LEIFRAS is dedicated to further refining its governance infrastructure and financial reporting practices to align with international standards. The company's commitment to sustainable growth is not only crucial for its internal stakeholders but also reinforces confidence among shareholders, customers, employees, and the communities it serves.

Founded in Tokyo, LEIFRAS Co., Ltd. is at the forefront of providing sports education and community engagement, specializing in children’s sports schools and events. Its approach emphasizes encouraging non-cognitive skills, fostering an environment where children learn through recognition, motivation, and encouragement. With a reputation as one of Japan's largest children’s sports school operators, acknowledged by Tokyo Shoko Research as of December 31, 2025, LEIFRAS plays an essential role in enhancing physical and mental development in youth sports.

As the company continues to expand its footprint, this latest development promises to solidify its standing not just in Japan but on a global scale, ensuring that it remains a leading figure in the sports and social business sectors.

For further details, visit LEIFRAS's official website.