Worth reading
71In 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
26.1
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,853 million+26.1%
Operating profit¥72 million
Ordinary income¥82 million
Net income¥51 million
Full-year earnings forecast
Net Sales
¥5,951 million
Operating profit
¥162 million
Ordinary income
¥205 million
Net income for the current fiscal year
¥123 million
EBITDA
¥335 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 Sales47.8%
EBITDA54.9%
Operating profit44.7%
Ordinary income40.0%
Net income for the current fiscal year41.7%
Nursing care business revenue48.3%
Nursing care business operating income25.1%
Nursing care business ordinary income36.5%
Nursing care business net income37.9%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Ahead of the internal budget as of the second quarterBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Combined revenue from 5 locations from May to JuneDown 10.4% month on month
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Equity ratioFloor of 20%
- New opening plan5 facilities, 252 rooms
- Medium-term proportion of medical-care rooms20%
New initiatives
- Began in-house development of BillMaster, a care billing system
- Established a digital transformation department and deployed AI store managers and AI assistants in the field
- Established a Public Relations and Recruitment Retention Promotion Department
- Expanded recruitment of foreign workers under the Specified Skilled Worker program
- Opened new locations combining medical services with care facilities
- Considering a replacement model, including the sale of existing properties
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA¥184 millionYear on year against the same period last year392.8%
- Number of rooms opened during the period56 Rooms
- Utilization rate at locations after 1 year of operation96 %Year on year against the same period last yearSlightly down from the end of the previous fiscal year
- Average customer spend for home-visit nursing care¥181,525
- Labor cost ratio69.7 %Year on year against the same period last yearImproved by approximately 1.9 percentage points
- Medical-care rooms106 rooms 8.4%
- Consolidated ordinary income margin2.9 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average customer spend for home-visit nursing care
¥181,525
Number of rooms opened during the period
56 Rooms
Medical-care rooms
106 Rooms
Medium-term management plan targets
Medical-care room ratio20% over the medium term
Nationwide Expansion4,500 rooms nationwide by 2036
Listing TransferTransfer to the Standard Market by 2030; tradable market capitalization of ¥1,000 million
Financial targets
Equity ratioFloor of 20%
Market capitalization of tradable shares
Current status¥537 million
Target¥1,000 million
Number of stores and locations
End of period37 locations 37 care-service locations, 5 home-visit nursing locations, 13 in-home care support locations
Number of store openings and closures during the periodOpened Anges Kamimizo as a new location
Number of employees
505 people 202 average temporary employees
As ofEnd of December 2025
Hiring plan49 foreign workers under the Specified Skilled Worker program have joined the company, received job offers or otherwise progressed through recruitment; annual target of 50
Annual Dividend
Annual dividend per share¥15
Breakdown
Interim Dividend¥5 (commemorative dividend, for this fiscal year only)
Year-end dividend¥10 (ordinary dividend, expected to continue)
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥2,853 million (YoY +26.1%) |
| Operating profit | ¥72 million |
| Ordinary income | ¥82 million |
| Net income | ¥51 million |
| Full-year earnings forecast | Net Sales ¥5,951 million / Operating profit ¥162 million / Ordinary income ¥205 million / Net income for the current fiscal year ¥123 million / EBITDA ¥335 million |
| Progress against full-year forecast | Net Sales 47.8% / EBITDA 54.9% / Operating profit 44.7% / Ordinary income 40.0% / Net income for the current fiscal year 41.7% / Nursing care business revenue 48.3% / Nursing care business operating income 25.1% / Nursing care business ordinary income 36.5% / Nursing care business net income 37.9% |
| Self-assessment against the plan | Ahead of the internal budget as of the second quarter |
| Breakdown of Factors Affecting the Change | Combined revenue from 5 locations from May to June Down 10.4% month on month |
| Key KPIs | Indicator name EBITDA / Value ¥184 million / Year on year against the same period last year 392.8%, 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 at locations after 1 year of operation / Value 96 % / Year on year against the same period last year Slightly down from the end of the previous fiscal year, Indicator name Average customer spend for home-visit nursing care / Value ¥181,525 / Year on year against the same period last year Not disclosed, Indicator name Labor cost ratio / Value 69.7 % / Year on year against the same period last year Improved by approximately 1.9 percentage points, Indicator name Medical-care rooms / Value 106 rooms (8.4%) / Year on year against the same period last year Not disclosed, Indicator name Consolidated ordinary income margin / Value 2.9 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average customer spend for home-visit nursing care ¥181,525 / Number of rooms opened during the period 56 Rooms / Medical-care rooms 106 Rooms |
| Number of stores and locations | End of period 37 locations (37 care-service locations, 5 home-visit nursing locations, 13 in-home care support locations) / Number of store openings and closures during the period Opened Anges Kamimizo as a new location |
| Number of employees | 505 people (202 average temporary employees) |
| Assumptions Underlying the Business Outlook | Item Equity ratio / Value Floor of 20%, Item New opening plan / Value 5 facilities, 252 rooms, Item Medium-term proportion of medical-care rooms / Value 20% |
| Medium-term management plan targets | Medical-care room ratio 20% over the medium term / Nationwide Expansion 4,500 rooms nationwide by 2036 / Listing Transfer Transfer to the Standard Market by 2030; tradable market capitalization of ¥1,000 million |
| Financial targets | Equity ratio Floor of 20% / Market capitalization of tradable shares Current status ¥537 million / Target ¥1,000 million |
| Annual Dividend | Annual dividend per share ¥15 / Breakdown Interim Dividend ¥5 (commemorative dividend, for this fiscal year only) / Year-end dividend ¥10 (ordinary dividend, expected to continue) |
| New initiatives | Began in-house development of BillMaster, a care billing system, Established a digital transformation department and deployed AI store managers and AI assistants in the field, Established a Public Relations and Recruitment Retention Promotion Department, Expanded recruitment of foreign workers under the Specified Skilled Worker program, Opened new locations combining medical services with care facilities, Considering a replacement model, including the sale of existing properties |
Items this document does not state (12)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterSegment resultsRisk amount incorporated into the outlookPayout 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 stable operation of the 3 Kanto locations opened the previous year, the effects of initiatives implemented to date, the opening of new locations and the optimization of staffing contributed to the improvement in results. The home-visit nursing business was affected by the revision to medical service fees, but the impact was limited by higher utilization, optimized staffing and a hybrid facility mix, and a recovery is expected from July onward.
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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