FIT EASY Inc reported a solid Q4 2024 with revenue of JPY 1,939,506,000 and a gross margin of 33.19%, culminating in an operating income of JPY 439,703,000 and net income of JPY 313,217,000 (EPS: JPY 19.77). The quarter shows meaningful sequential momentum, with QoQ revenue growth of approximately 19.5% versus Q3 2024, while margins remained resilient (gross margin ~33.2%, operating margin ~22.7%, net margin ~16.1%). EBITDA stood at JPY 492,421,000, translating to an EBITDA margin of about 25.4%. The balance sheet is notably cash-rich, with cash and cash equivalents of JPY 2,500,684,000 and total cash and short-term investments of JPY 2,669,995,000, yielding a net cash position of roughly JPY 1.73 billion after considering total debt of JPY 769,111,000. These liquidity levels provide optionality for store/network expansion and potential franchising initiatives, subject to management’s future guidance. While the data indicate healthy profitability and balance sheet strength, there is no explicit forward guidance disclosed in the provided dataset, and no earnings-call transcript was supplied for extraction of management sentiment or quotes. Investors should monitor same-store sales, capex plans related to expansion, and working capital dynamics as drivers of mid-term performance.