FiT Inc. Secures JPY 3 Billion Loan to Expand Fitness Gym 'LifeFit' to Over 500 Locations
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Health-tech company FiT Inc. has secured a total of JPY 3 billion, including a credit line, from financial institutions such as the Bank of Kyoto. The funds will be used to accelerate the expansion of its core business, the 'LifeFit' fitness gym chain, with the goal of building a nationwide network of over 500 locations by the end of 2026. The company, which has grown through a combination of directly owned and franchised gyms, is currently the third-largest 24-hour fitness gym operator in Japan by number of locations.