Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
293
¥ millions (operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,637 million+0.7%
Operating profit¥293 million
Ordinary income¥337 million
Net income¥508 million
Gross Profit Margin45.6%
Operating profit margin3.8%
Selling, general and administrative expenses¥3,193 million
Results for the three months of the current quarterQuarterly trends in revenue and operating profit from the fiscal year ended March 2023 through the fiscal year ending March 2026 are presented in charts. A numerical breakdown for the three-month quarter is not disclosed.
Full-year earnings forecast
Revised forecast for the fiscal year ending March 2026
Net Sales
¥7,715 million
Operating profit
¥291 million
Ordinary income
¥287 million
Net income for the current fiscal year
¥396 million
Full-year forecast for the fiscal year ending March 2027
Net Sales
¥6,586 million
Operating profit
¥520 million
Ordinary income
¥480 million
Profit attributable to owners of the parent
¥330 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。Actual results are compared numerically with the revised forecast by line item and segment. Progress against the full-year forecast is stated as progress against the lower-end forecast. A detailed list of progress rates is not disclosed.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The directly operated massage business fell short of its forecast, while the massage franchise business exceeded its forecast. Company-wide operating profit, ordinary profit and net income exceeded the revised forecast.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue growth¥54 million
- Cost of labor¥180 million
- Outsourcing expenses¥1 million
- Other costs¥10 million
- SG&A personnel expenses¥121 million
- Taxes and dues¥41 million
- Other SG&A expenses¥-11 million
New initiatives
- Resumption of shareholder returns, including the reinstatement of dividends, following profit for the fiscal year ending March 2026 exceeding the plan
- The policy is to become a comprehensive home-care support company covering services from recuperative care through end-of-life care
Key KPIsA metric the company considers important as a management benchmark.
- Total outstanding claims at period-end10,337 EngagementsYear on year against the same period last year+4.0%
- Annual number of massage visits745,578 timesYear on year against the same period last year+2.8%
- Number of massage locations, including franchise locations442 LocationYear on year against the same period last year+4.4%
- Cumulative number of users100,728 people
- Monthly visits per user7.4 times
- Daily treatments per practitioner10.4 times
- Utilization rate of nursing small-scale multifunctional home care95.4 %
- Equity ratio40.4 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Treatment fee per visitIncreased following the revision of reimbursement rates
- Annual number of massage visits745,578 times
- Total outstanding claims at period-end10,337 Engagements
- Monthly visits per user7.4 times
Segment results
Directly operated massage
Net Sales
¥4,144 million+4.5%
Operating profit
¥1,154 million-5.9%
Massage franchise
Net Sales
¥1,133 million+10.5%
Operating profit
¥286 million+5.1%
Medical care
Net Sales
¥2,344 million+4.9%
Operating profit
¥-184 million
Other (including home-visit care)
Net Sales
¥15 million-95.8%
Operating profit
¥-20 million
Adjustments
Operating profit
¥-942 million
Financial targets
Financial targets are not disclosed. Actual results include an equity ratio of 40.4% and return on equity of 27.5%.Number of stores and locations
Number at period-end
Home-visit massage442 Location
Home-visit nursing10 Location
Home-visit care1 Location
Nursing small-scale multifunctional home care6 Location
Medical care-equipped residential care facilities0 Location
Total459 Location
Change during the period
Home-visit massage+19 locations
Home-visit nursing+2 locations
Home-visit care-1 location
Nursing small-scale multifunctional home care-6 locations
Medical care-equipped residential care facilities-11 locations
Total+3 locations
Number of employees
Number of Employees761 People
End of periodAs of 31 March 2026
Change during the periodDown from 1,148 people in the fiscal year ended March 2025. Details of the reasons for the change are not disclosed.
Annual Dividend
Fiscal year ending March 2026¥10.57 per share (planned)
Fiscal year ending March 2027¥10.57 per share (forecast)
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥7,637 million (YoY +0.7%) |
| Operating profit | ¥293 million |
| Ordinary income | ¥337 million |
| Net income | ¥508 million |
| Gross Profit Margin | 45.6% |
| Operating profit margin | 3.8% |
| Selling, general and administrative expenses | ¥3,193 million |
| Results for the three months of the current quarter | Quarterly trends in revenue and operating profit from the fiscal year ended March 2023 through the fiscal year ending March 2026 are presented in charts. A numerical breakdown for the three-month quarter is not disclosed. |
| Full-year earnings forecast | Revised forecast for the fiscal year ending March 2026 Net Sales ¥7,715 million / Operating profit ¥291 million / Ordinary income ¥287 million / Net income for the current fiscal year ¥396 million / Full-year forecast for the fiscal year ending March 2027 Net Sales ¥6,586 million / Operating profit ¥520 million / Ordinary income ¥480 million / Profit attributable to owners of the parent ¥330 million |
| Progress against full-year forecast | Actual results are compared numerically with the revised forecast by line item and segment. Progress against the full-year forecast is stated as progress against the lower-end forecast. A detailed list of progress rates is not disclosed. |
| Self-assessment against the plan | The directly operated massage business fell short of its forecast, while the massage franchise business exceeded its forecast. Company-wide operating profit, ordinary profit and net income exceeded the revised forecast. |
| Segment results | Directly operated massage Net Sales ¥4,144 million (YoY +4.5%) / Operating profit ¥1,154 million (YoY -5.9%) / Massage franchise Net Sales ¥1,133 million (YoY +10.5%) / Operating profit ¥286 million (YoY +5.1%) / Medical care Net Sales ¥2,344 million (YoY +4.9%) / Operating profit ¥-184 million / Other (including home-visit care) Net Sales ¥15 million (YoY -95.8%) / Operating profit ¥-20 million / Adjustments Operating profit ¥-942 million |
| Breakdown of Factors Affecting the Change | Factors Revenue growth / Amount ¥54 million, Factors Cost of labor / Amount ¥180 million, Factors Outsourcing expenses / Amount ¥1 million, Factors Other costs / Amount ¥10 million, Factors SG&A personnel expenses / Amount ¥121 million, Factors Taxes and dues / Amount ¥41 million, Factors Other SG&A expenses / Amount ¥-11 million |
| Key KPIs | Indicator name Total outstanding claims at period-end / Value 10,337 Engagements / Year on year against the same period last year 4 Engagements, Indicator name Annual number of massage visits / Value 745,578 times / Year on year against the same period last year 2.8 times, Indicator name Number of massage locations, including franchise locations / Value 442 Location / Year on year against the same period last year 4.4 Location, Indicator name Cumulative number of users / Value 100,728 people / Year on year against the same period last year Not disclosed, Indicator name Monthly visits per user / Value 7.4 times / Year on year against the same period last year Not disclosed, Indicator name Daily treatments per practitioner / Value 10.4 times / Year on year against the same period last year Not disclosed, Indicator name Utilization rate of nursing small-scale multifunctional home care / Value 95.4 % / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 40.4 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Treatment fee per visit / Value Increased following the revision of reimbursement rates, Indicator name Annual number of massage visits / Value 745,578 times, Indicator name Total outstanding claims at period-end / Value 10,337 Engagements, Indicator name Monthly visits per user / Value 7.4 times |
| Number of stores and locations | Number at period-end Home-visit massage 442 Location / Home-visit nursing 10 Location / Home-visit care 1 Location / Nursing small-scale multifunctional home care 6 Location / Medical care-equipped residential care facilities 0 Location / Total 459 Location / Change during the period Home-visit massage +19 locations / Home-visit nursing +2 locations / Home-visit care -1 location / Nursing small-scale multifunctional home care -6 locations / Medical care-equipped residential care facilities -11 locations / Total +3 locations |
| Number of employees | Number of Employees 761 People / End of period As of 31 March 2026 / Change during the period Down from 1,148 people in the fiscal year ended March 2025. Details of the reasons for the change are not disclosed. / Hiring plan Not disclosed |
| Financial targets | Financial targets are not disclosed. Actual results include an equity ratio of 40.4% and return on equity of 27.5%. |
| Annual Dividend | Fiscal year ending March 2026 ¥10.57 per share (planned) / Fiscal year ending March 2027 ¥10.57 per share (forecast) / Interim and Year-End Breakdown Not disclosed |
| New initiatives | Resumption of shareholder returns, including the reinstatement of dividends, following profit for the fiscal year ending March 2026 exceeding the plan, The policy is to become a comprehensive home-care support company covering services from recuperative care through end-of-life care |
Items this document does not state (9)
Assumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The stated factors were higher treatment fees in the directly operated massage business following the revision of reimbursement rates for acupuncture, moxibustion and massage services, the revenue growth effect in the massage division, lower cost of sales and selling, general and administrative personnel expenses following the business transfer in September 2025, and cost reductions from improved operating efficiency.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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