ENVALITH
株式会社スポーツフィールド logo

Sportsfield Co., Ltd.

7080Growth MarketServices

株式会社スポーツフィールド logo
Sportsfield Co., Ltd.7080

Business

Sportsfield Co., Ltd. mainly operates a recruitment support business connecting athletic club students and individuals with sports experience to companies, offering a diverse range of services including events and recruitment placement for new graduates, recruitment placement for job changers, and dual-career support. In October 2025, the company made Lynx Sports Co., Ltd. a wholly owned subsidiary, entering the Sporting Goods Planning & Sales Business, including taping and training equipment. With 13 permanent locations and 6 satellite locations nationwide, the company aims to evolve into a sports company that comprehensively covers everything from job placement and career change support for sports human resources to support for athletic careers. Its main customers are athletic club students and individuals with sports experience (job seekers), hiring companies, and purchasers of sporting goods (university and high school athletic clubs, professional teams, osteopathic clinics, etc.).

Business Model

In the Sports Human Resources Recruitment Support Business, revenue combines sales of corporate exhibition slots at events for new graduates (flow-type) with success fees from recruitment placement for new graduates and job changers (matching-type). Advertising fees from navigation sites such as Spojoba also contribute as a revenue source. From October 2025, planning and retail sales revenue from sporting goods by Lind Sports has been added, further diversifying revenue sources. The core Sports Human Resources Recruitment Support Business maintains a highly profitable structure, with a segment profit margin of 25.1%.

Company Strengths

Since its founding in 2010, the company has focused on recruitment support specialized for varsity athletes and those with sports experience, operating multiple brands including Sponavi, Spochalle, and Spojoba. In FY2025 (ending December 2025), sales in the Sports Human Resources Recruitment Support Business reached ¥4,431 million, a record high. All services—Events for New Graduates, recruitment placement, and Recruitment Placement for Job Changers—achieved record-high sales.

As of the end of December 2025, the company operates 13 resident offices (Tokyo, Sapporo, Sendai, Osaka, Kyushu, etc.) and 6 satellite offices nationwide. Its analog x one-to-one support style, which emphasizes visits to universities and club rooms, is difficult to imitate, and the relationships built with educational institutions form a barrier to entry.

In FY2025 (ending December 2025), the segment profit margin of the Sports Human Resources Recruitment Support Business was 25.1% (profit of ¥1,114 million). The business has seen a rapid recovery and expansion, from an operating loss of ¥32 million in FY2021 to an operating profit of ¥1,079 million in FY2025, confirming improved profitability accompanying its scale-up.

ENVALITH's Perspective

Net sales of ¥1,794 million in Q1 FY2026 (ending December 2026) represent 27.7% progress against the full-year forecast of ¥6,470 million. Operating profit of ¥583 million represents a high 44.8% progress rate against the full-year forecast of ¥1,300 million, and the pace compares favorably to plan even when accounting for seasonality (recruitment events and placement services are concentrated in Q1). The revenue growth effect outweighed the increase in SG&A expenses such as personnel costs, rent, and advertising expenses (up from ¥696 million to ¥904 million year-on-year), securing a 14.1% year-on-year increase in profit. As an external environment factor, the high effective job openings-to-applicants ratio of 1.18x in March 2026 continues to support recruitment demand.

The Sporting Goods Planning & Sales Business's Q1 FY2026 (ending December 2026) segment profit margin remained at only 8.3% (net sales of ¥356 million, profit of ¥30 million), a large gap compared to the Sports Human Resources Recruitment Support Business (38.5%). Whether underlying profitability emerges following the drop-off of one-time M&A costs recorded in the prior period (approximately ¥58 million), and the speed at which cross-sell and up-sell synergies materialize, will determine the improvement in profitability across the entire group. The full-year earnings forecast remains unchanged, and progress in margin improvement toward the second half warrants close attention.

Bookings progress for events targeting students graduating in 2028 significantly exceeded the prior-year level, up 85.6% year-on-year, and the medium-term outlook for sales growth is favorable. On the other hand, the fact that the number of sales booths for events targeting students graduating in 2027 fell below the prior-year actual figure, due to earlier timing of job-hunting activities, requires attention as a structural change. While an increase in the number of high-priced sales booths has offset the decline in the number of booths through higher unit prices, the impact of fluctuations in recruitment schedules on the business model remains a risk factor that should be continuously monitored. In addition, risks remain that U.S. trade policy and volatility in financial and capital markets could spill over into corporate recruitment plans.

Growth Strategy

Deepening and nationwide expansion of the recruitment support business combined with the full-scale operation of the sporting goods business, driving a leap forward as a comprehensive sports company

Through an increase in the number of in-person and small-to-medium scale events held and expansion of high-unit-price sales slots, sales in Events for New Graduates (Sponavi Job Fair, etc.) reached a record-high cumulative total of ¥799 million for Q1. Order progress for the class of 2028 graduates increased 85.6% year-on-year, a strongly favorable leading indicator, forming the foundation for medium-term sales growth.

Enhanced targeted advertising has increased the number of successful placements in Recruitment Placement for Job Changers (Spojoba / Sponavi Athlete) via Spojoba. The cumulative number of registered users for the class of 2027 graduates on Sponavi and Spochalle continues to exceed the level of the same period of the previous year, and the expansion of the platform's member base is directly contributing to increased sales across each service.

PMI with Lind Sports, which was consolidated in October 2025, is progressing smoothly as planned. The establishment of a group synergy framework, including cross-selling and up-selling, is steadily advancing, and full-year consolidation is expected to result in a full-scale contribution to sales and profit in the Sporting Goods Planning & Sales Business for FY2026 (ending December 2026). The one-time M&A expenses (approximately ¥58 million) recorded in the previous fiscal year will no longer recur, marking a phase in which underlying earnings capacity becomes apparent.

Last updated: July 17, 2026