We will continue to provide integrated services “From elderly care to angel care” in Japan and overseas.

We would like to express our sincere gratitude to our shareholders and investors for your continued support.

Firstly, we would like to report on the performance summary for the fiscal year ending March 2024.

For the fiscal year ending March 2024, the reclassification of COVID-19 as a Class 5 infectious disease has facilitated the normalization of economic activities, leading to a gradual recovery driven by a rebound in personal consumption and inbound demand. However, concerns persist regarding the prolonged rise in prices and fluctuations in international financial markets, leaving the outlook uncertain.

In the nursing care industry, the rising aging rate continues to drive increasing demand for nursing care services. However, securing sufficient personnel in a timely and appropriate manner remains a significant challenge. Labor costs and recruitment expenses are persistently rising, making the recruitment and retention of nursing care staff a major ongoing issue for service providers.

Under these circumstances, our group has been working to strengthen its management foundation to provide comprehensive services ranging “From elderly care to angel care.”　

We focused on building an organization capable of delivering services tailored to the needs of local communities while expanding our business locations. At the same time, we implemented cost-saving measures through the review of expenses and operations. Additionally, we strengthened training and education programs to develop future leaders and continued to invest in initiatives aimed at improving service quality, such as raising employee compensation levels. Through these efforts, we remained committed to ensuring continued value creation for both our employees and shareholders.

In the In-home Care Service Business, we continued to expand our operations within Tokyo. In the Comprehensive Services for Seniors Business, we further strengthened our expansion into Western Japan with the enhancement of our Angel Care. As a result, the number of existing domestic business locations increased to a total of 113, with the establishment of 1 In-home Care Support office, 3 Visiting Bath Service offices (one closed), 1 Rental and Sales of Assistive Equipment office, and 2 Angel Care offices.

As a result of the above, Net sales for the current fiscal year were 9,637 million yen (up 4.3% year-on-year), Operating income was 518 million yen (up 20.2% year-on-year), Ordinary income was 556 million yen (up 17.0% year-on-year), and Net income attributable to shareholders of the parent company was 380 million yen (up 17.5% year-on-year).

Next, I would like to explain our outlook for the fiscal year ending March 31, 2025.

At our company, we have been providing a wide range of services to the elderly in local communities and those around them by integrating various services. As part of our mid- to long-term strategy, we aim to further strengthen our existing businesses and create new businesses that leverage our current operational foundation. We will continue to promote the expansion of consistent services, ranging “From elderly care to angel care.”

For the fiscal year ending March 2025, we plan to establish 8 new locations In-home Care Service Business, including Day Service, In-home Care Support, and Visiting Bath Service. In the Comprehensive Services for Seniors Business, we aim to further expand the service areas for our Angel Care.

As a result of the above, for the next fiscal year (ending March 31, 2025), the Company forecasts consolidated Net sales of 10,149 million yen (up 5.3% year-on-year), Operating income of 640 million yen (up 23.5%), Ordinary income of 653 million yen (up 17.4%), and Net income attributable to owners of the parent of 437 million yen (up 15.0%).

We would like to ask for the continued understanding and support of our shareholders and investors.

Sincerely,
FUKUHARA Toshiharu
President & CEO,
June 2024