Leifras Co., Ltd. (NASDAQ:LFS) shares rose 3.8% in premarket trading Wednesday after the Tokyo-based sports and social services company announced it had been awarded a major school facilities management contract from the City of Nagoya.
The agreement covers the management and operation of facilities at 111 municipal junior high schools, including gymnasiums, martial arts dojos, athletic fields, music rooms, and art studios. Starting in October 2025, these spaces will be opened to local community groups for weekend club activities.
As part of the project, Leifras will work closely with Nagoya City officials and school administrators to ensure the safe and efficient operation of extracurricular programs. The company is best known for its expertise in organizing youth sports programs and educational events for children across Japan.
The new contract marks a significant expansion of Leifras’s footprint in Japan’s youth sports management industry, and investors reacted positively to the news, as reflected in the stock’s premarket gains.