Worth reading
79Important
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
25.6
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending December 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,370 million+25.6%
Operating profit¥13 million
Ordinary income¥12 million
Net income¥6 million
Results for the three months of the current quarterRevenue: ¥1,370 million; EBITDA: ¥66 million; operating income: ¥13 million; ordinary income: ¥12 million; net income: ¥6 million (all first-quarter results)
Full-year earnings forecast
Net Sales
¥5,951 million
EBITDA
¥335 million
Operating profit
¥162 million
Ordinary income
¥205 million
Net income for the current fiscal year
¥123 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。
Net Sales23.0%
EBITDA19.7%
Operating profit8.2%
Ordinary income6.1%
Net income for the current fiscal year5.7%
Nursing care business revenue23.7%
Nursing care business operating income3.7%
Nursing care business ordinary income7.9%
Nursing care business net income7.6%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Performance was above the internal budget as of the end of the first quarterBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in property, plant and equipment
¥250 million
reasonAcquisition of land for new properties and progress on construction undertaken in-house
Short-term borrowings increased
¥279 million
reasonIncrease in short-term borrowings for construction
Decrease in non-current liabilities
¥-46 million
Increase in cash and cash equivalents
¥214 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
No major revisions to the law are expected through April 2027, and the average customer spend for home-visit nursing care is expected to remain at a similar level going forwardNew initiatives
- Initiation of the first dividend since the company's founding
- Transition to a replacement model involving the sale of existing properties, repayment of borrowings and acquisition of the next properties
- New openings of facilities combining medical services with nursing care
- Deployment of CareMaster at all facilities and external sales activities
- Establishment of a specialist department for the use of AI agents and their deployment internally
Key KPIsA metric the company considers important as a management benchmark.
- Number of rooms opened during the period56 Rooms
- Utilization rate of facilities one year after opening (nursing care business)96.1 %
- Average customer spend for home-visit nursing care (nursing care business)¥177,578
- Labor cost ratio (nursing care business)69.8 %
- Medical-care rooms106 Rooms
- Medical-care room ratio8.4 %
- Consolidated ordinary income margin0.9 %
- Secured specified skilled foreign workers38 People
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of rooms opened during the period56 rooms
Average customer spend for home-visit nursing care¥177,578
Medical-care rooms106 rooms (8.4%)
Segment results
Nursing Care Business
Net Sales
¥1,319 million+20.9%
Operating profit
¥5 million
Ordinary income
¥15 million
Net income for the current fiscal year
¥9 million
Medium-term management plan targets
Medical-care room ratio20% over the medium term
2030Transfer to the Standard Market
Financial targets
Minimum equity ratioApproximately 20%
Target equity ratio30%
Number of stores and locations
End of period37 facilities, 1,264 rooms (in 11 prefectures)
Openings and closures during the periodAnges Kamimizo opened
Number of employees
Number of Employees505 people
Reference dateEnd of December 2025
Average number of temporary employees202 people
Specified skilled foreign workers38 specified skilled foreign workers secured through hires, job offers and other arrangements
Capital expenditures
¥600–700 million (initial investment in the real estate business); ¥35–40 million (initial investment in the nursing care business)
Annual Dividend
Annual¥15
Interim¥5 (special dividend commemorating the fifth anniversary of the listing, for this fiscal year only)
End of period¥10 (regular dividend)
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥1,370 million (YoY +25.6%) |
| Operating profit | ¥13 million |
| Ordinary income | ¥12 million |
| Net income | ¥6 million |
| Results for the three months of the current quarter | Revenue: ¥1,370 million; EBITDA: ¥66 million; operating income: ¥13 million; ordinary income: ¥12 million; net income: ¥6 million (all first-quarter results) |
| Full-year earnings forecast | Net Sales ¥5,951 million / EBITDA ¥335 million / Operating profit ¥162 million / Ordinary income ¥205 million / Net income for the current fiscal year ¥123 million |
| Progress against full-year forecast | Net Sales 23.0% / EBITDA 19.7% / Operating profit 8.2% / Ordinary income 6.1% / Net income for the current fiscal year 5.7% / Nursing care business revenue 23.7% / Nursing care business operating income 3.7% / Nursing care business ordinary income 7.9% / Nursing care business net income 7.6% |
| Self-assessment against the plan | Performance was above the internal budget as of the end of the first quarter |
| Segment results | Nursing Care Business Net Sales ¥1,319 million (YoY +20.9%) / Operating profit ¥5 million / Ordinary income ¥15 million / Net income for the current fiscal year ¥9 million / Real Estate Business Not disclosed |
| Breakdown of Factors Affecting the Change | Increase in property, plant and equipment ¥250 million / Short-term borrowings increased ¥279 million / Decrease in non-current liabilities ¥-46 million / Increase in cash and cash equivalents ¥214 million |
| Key KPIs | Indicator name Number of rooms opened during the period / Value 56 Rooms / Year on year against the same period last year Not disclosed, Indicator name Utilization rate of facilities one year after opening (nursing care business) / Value 96.1 % / Year on year against the same period last year Not disclosed, Indicator name Average customer spend for home-visit nursing care (nursing care business) / Value ¥177,578 / Year on year against the same period last year Not disclosed, Indicator name Labor cost ratio (nursing care business) / Value 69.8 % / Year on year against the same period last year Not disclosed, Indicator name Medical-care rooms / Value 106 Rooms / Year on year against the same period last year Not disclosed, Indicator name Medical-care room ratio / Value 8.4 % / Year on year against the same period last year Not disclosed, Indicator name Consolidated ordinary income margin / Value 0.9 % / Year on year against the same period last year Not disclosed, Indicator name Secured specified skilled foreign workers / Value 38 People / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Number of rooms opened during the period 56 rooms / Average customer spend for home-visit nursing care ¥177,578 / Medical-care rooms 106 rooms (8.4%) |
| Number of stores and locations | End of period 37 facilities, 1,264 rooms (in 11 prefectures) / Openings and closures during the period Anges Kamimizo opened |
| Number of employees | Number of Employees 505 people / Reference date End of December 2025 / Average number of temporary employees 202 people / Specified skilled foreign workers 38 specified skilled foreign workers secured through hires, job offers and other arrangements |
| Assumptions Underlying the Business Outlook | No major revisions to the law are expected through April 2027, and the average customer spend for home-visit nursing care is expected to remain at a similar level going forward |
| Medium-term management plan targets | Medical-care room ratio 20% over the medium term / 2030 Transfer to the Standard Market |
| Financial targets | Minimum equity ratio Approximately 20% / Target equity ratio 30% |
| Annual Dividend | Annual ¥15 / Interim ¥5 (special dividend commemorating the fifth anniversary of the listing, for this fiscal year only) / End of period ¥10 (regular dividend) |
| Capital expenditures | ¥600–700 million (initial investment in the real estate business); ¥35–40 million (initial investment in the nursing care business) |
| New initiatives | Initiation of the first dividend since the company's founding, Transition to a replacement model involving the sale of existing properties, repayment of borrowings and acquisition of the next properties, New openings of facilities combining medical services with nursing care, Deployment of CareMaster at all facilities and external sales activities, Establishment of a specialist department for the use of AI agents and their deployment internally |
Items this document does not state (9)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesOrders 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 3 facilities opened in the Kanto region in the previous year began operating steadily, and the effects of measures implemented in the previous year began to emerge. In addition, the company entered the investment recovery phase for investments made in 2025, including new openings, hiring and DX investment. Although initial investment costs for Anges Kamimizo were also incurred in the first quarter, business performance improved.
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