Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
29.1
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst 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¥738 million+29.1%
Operating profit¥14 million-78.8%
Ordinary income¥14 million-79.1%
Net income¥-3 million
Gross Profit Margin
Rate42.1% (existing locations)
Operating profit margin
Rate1.9
Year-on-year change (points)-9.7
Results for the three months of the current quarter
Net SalesRevenue: ¥738 million; operating profit: ¥14 million; ordinary profit: ¥14 million; net loss: ¥3 million
Full-year earnings forecast
Net Sales
¥3,430 million
Operating profit
¥215 million
Ordinary income
¥218 million
Net income
¥151 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue is progressing steadily in line with the plan. Operating profit has temporarily diverged from the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue increase: expansion of locations in the home-visit nursing services business and higher revenue from the staffing business. Operating profit decrease: various expenses associated with expanding home-visit nursing locations and intensifying hiring, as well as upfront investments including the hiring of sales personnel and advertising and promotional expenses for the staffing business. The amounts by factor are not disclosed in this presentation
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- AssumptionsFee per visitFigures¥7,800–¥8,000
- AssumptionsNew Store OpeningsFigures6 locations or more per year
New initiatives
- Expansion of the allied healthcare staffing business
- Launch and market development of the home-visit nursing consulting business
- Development and launch of a SaaS system using AI to optimize home-visit routes
- Franchise business for home-visit nursing services
- Opening of 3 new locations
Key KPIsA metric the company considers important as a management benchmark.
- Average home-visit nursing workforce300 people/monthYear on year against the same period last year+57 people
- Average visits per person101 Cases/monthYear on year against the same period last year+3 visits
- Average fee per visit7,836 Yen/visitYear on year against the same period last year▲¥207
- Number of usersYear on year against the same period last year+653 people
- Cumulative visitsYear on year against the same period last year+19,537 visits
- Number of nurses and other hiresYear on year against the same period last yearCumulative +10 people
- Number of placements completed in the allied healthcare staffing business33 Engagements
- Average placement fee in the allied healthcare staffing business¥1,021 thousand
- Engagement Survey Q.123.83 itemsYear on year against the same period last yearDown from 3.85 in 2024
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Visits per person101 Cases/monthYear on year against the same period last year+3 visits
- Fee per visit7,836 Yen/visitYear on year against the same period last year▲¥207
- Number of placements completed33 Engagements
- Placement fee¥1,021 thousand
Segment results
- Home-visit nursing services businessNet Sales¥710 millionProfit¥202 millionYear on year against the same period last yearRevenue +24.2%; operating profit ▲28.0%
- Medical and Allied Healthcare Staffing BusinessNet Sales¥28 millionProfit▲¥24 million
- AdjustmentsProfit▲¥164 million
Financial targets
Actual equity ratio of 60.7% is stated. Target not disclosedMarket Size / Share
- Home healthcare and home nursing care market (2040 forecast)Figures¥36.2 trillion
- Home-visit nursing market (2023)Figures¥993.3 billion
- Company revenue (13th fiscal year)Figures¥2.6 billion
Number of stores and locations
Number at period-end39 locations nationwide (as of the earnings announcement date)
Number of store openings and closures during the period3 new locations opened (Kawasaki City, Itabashi Ward and Toshima Ward). Closures are not disclosed
Number of employees
Number of Employees346 people (as of March 2026)
Changes during the period and hiring plan29 mid-career hires and 3 returning employees during fiscal 2026. Hiring and training of nurses and other personnel are progressing as planned
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥738 million (YoY +29.1%) |
| Operating profit | ¥14 million (YoY -78.8%) |
| Ordinary income | ¥14 million (YoY -79.1%) |
| Net income | ¥-3 million |
| Gross Profit Margin | Rate 42.1% (existing locations) / Year-on-year change (points) Not disclosed |
| Operating profit margin | Rate 1.9 / Year-on-year change (points) -9.7 |
| Results for the three months of the current quarter | Net Sales Revenue: ¥738 million; operating profit: ¥14 million; ordinary profit: ¥14 million; net loss: ¥3 million |
| Full-year earnings forecast | Net Sales ¥3,430 million / Operating profit ¥215 million / Ordinary income ¥218 million / Net income ¥151 million |
| Self-assessment against the plan | Revenue is progressing steadily in line with the plan. Operating profit has temporarily diverged from the plan |
| Segment results | Segment Home-visit nursing services business / Net Sales ¥710 million / Profit ¥202 million / Year on year against the same period last year Revenue +24.2%; operating profit ▲28.0%, Segment Medical and Allied Healthcare Staffing Business / Net Sales ¥28 million / Profit ▲¥24 million / Year on year against the same period last year Not disclosed, Segment Adjustments / Net Sales Not disclosed / Profit ▲¥164 million / Year on year against the same period last year Not disclosed |
| Breakdown of Factors Affecting the Change | Revenue increase: expansion of locations in the home-visit nursing services business and higher revenue from the staffing business. Operating profit decrease: various expenses associated with expanding home-visit nursing locations and intensifying hiring, as well as upfront investments including the hiring of sales personnel and advertising and promotional expenses for the staffing business. The amounts by factor are not disclosed in this presentation |
| Key KPIs | Indicator name Average home-visit nursing workforce / Value 300 people/month / Year on year against the same period last year +57 people, Indicator name Average visits per person / Value 101 Cases/month / Year on year against the same period last year +3 visits, Indicator name Average fee per visit / Value 7,836 Yen/visit / Year on year against the same period last year ▲¥207, Indicator name Number of users / Value Not disclosed / Year on year against the same period last year +653 people, Indicator name Cumulative visits / Value Not disclosed / Year on year against the same period last year +19,537 visits, Indicator name Number of nurses and other hires / Value Not disclosed / Year on year against the same period last year Cumulative +10 people, Indicator name Number of placements completed in the allied healthcare staffing business / Value 33 Engagements / Year on year against the same period last year Not disclosed, Indicator name Average placement fee in the allied healthcare staffing business / Value ¥1,021 thousand / Year on year against the same period last year Not disclosed, Indicator name Engagement Survey Q.12 / Value 3.83 items / Year on year against the same period last year Down from 3.85 in 2024 |
| Unit price and quantity metrics | Indicator name Visits per person / Value 101 Cases/month / Year on year against the same period last year +3 visits, Indicator name Fee per visit / Value 7,836 Yen/visit / Year on year against the same period last year ▲¥207, Indicator name Number of placements completed / Value 33 Engagements / Year on year against the same period last year Not disclosed, Indicator name Placement fee / Value ¥1,021 thousand / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number at period-end 39 locations nationwide (as of the earnings announcement date) / Number of store openings and closures during the period 3 new locations opened (Kawasaki City, Itabashi Ward and Toshima Ward). Closures are not disclosed |
| Number of employees | Number of Employees 346 people (as of March 2026) / Changes during the period and hiring plan 29 mid-career hires and 3 returning employees during fiscal 2026. Hiring and training of nurses and other personnel are progressing as planned |
| Assumptions Underlying the Business Outlook | Assumptions Fee per visit / Figures ¥7,800–¥8,000, Assumptions New Store Openings / Figures 6 locations or more per year |
| Financial targets | Actual equity ratio of 60.7% is stated. Target not disclosed |
| Market Size / Share | Item Home healthcare and home nursing care market (2040 forecast) / Figures ¥36.2 trillion, Item Home-visit nursing market (2023) / Figures ¥993.3 billion, Item Company revenue (13th fiscal year) / Figures ¥2.6 billion |
| New initiatives | Expansion of the allied healthcare staffing business, Launch and market development of the home-visit nursing consulting business, Development and launch of a SaaS system using AI to optimize home-visit routes, Franchise business for home-visit nursing services, Opening of 3 new locations |
Items this document does not state (10)
Selling, general and administrative expensesProgress against full-year forecastRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.Revenue increased due to the expansion of locations and workforce in the home-visit nursing services business. On the earnings side, various expenses associated with location expansion and intensified hiring in the home-visit nursing services business increased, while upfront investments were made in hiring sales personnel and advertising and promotional expenses for the allied healthcare staffing business.
How to read this page
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