Overview
Services

MS&Consulting Co.,Ltd.

MS&Consulting provides customer satisfaction and employee engagement solutions primarily to B2C service-sector companies in Japan and select overseas markets. Its core service, Mystery Shopping Research (MSR), deploys trained mystery shoppers to evaluate store-level service quality, generating actionable reports aimed at improving staff motivation and service excellence rather than mere compliance checking. The company complements MSR with employee satisfaction surveys ('tenpoket Team Questionnaire'), SV management tools, and consulting/training programs, operating a subscription-based recurring revenue model serving approximately 704 domestic corporate clients with over 200,000 annual surveys conducted as of FY2025.

Market Cap
US$14.4M
¥2.29B
EV
US$9.09M
¥1.45B
StockUS$3.18(¥508)▼-0.39%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
3.0
x
LTM EV/EBIT
4.4
x
LTM PER
10.5
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+12.4%pt
1001
Nov 13, 25 – Nov 13, 26StockTOPIX
1Oct 16, 26Q2 FY2027/02 earnings announced; Board approved share buyback
MC → EV Bridge
US$14.4M¥2.29BMarket CapUS$1.05M¥0.17B+ DebtUS$6.27M¥1.00B− CashUS$0.06M¥0.01B− Inv. Sec.US$9.09M¥1.45BEV
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Performance & Balance
Revenue 5Y (US$)
US$12.1M¥1.93B'22/2US$13.9M¥2.21B'23/2US$15.0M¥2.39B'24/2US$16.0M¥2.55B'25/2US$16.2M¥2.59B'26/2
EBITDA 5Y (US$)
US$2.43M¥0.39B'22/2US$2.55M¥0.41B'23/2US$1.68M¥0.27B'24/2-US$0.82M¥-0.13B'25/2US$2.43M¥0.39B'26/2
Net Income 5Y (US$)
US$1.30M¥0.21B'22/2US$1.38M¥0.22B'23/2US$0.71M¥0.11B'24/2-US$1.73M¥-0.28B'25/2US$1.08M¥0.17B'26/2
Capital Structure
95%
EquityD/E 0.05xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$6.72M¥1.07BUS$1.68M¥0.27B'22/2US$4.17M¥0.67BUS$0.81M¥0.13B'23/2US$2.06M¥0.33BUS$1.17M¥0.19B'24/2US$3.63M¥0.58BUS$1.30M¥0.21B'25/2US$6.45M¥1.03BUS$1.17M¥0.19B'26/2
Shareholders
Top 10 hold 59.0%
1
Wiz Co., Ltd.
9.93%
2
UH6 Co., Ltd.
7.47%
3
NOI Investment Limited Partnership
6.71%
4
Hikari Tsushin KK Investment Limited Partnership
6.30%
5
UH Partners 3 Investment Limited Partnership
6.26%
6
UH Partners 2 Investment Limited Partnership
6.26%
7
WENET JPN Co., Ltd.
4.78%
8
IB Investment Limited Partnership
4.74%
9
SBI SECURITIES Co., Ltd.
3.62%
10
Akinori NAMIKI
2.90%
Management
7 officers
Hidetoshi TSUJI
Representative Director, President
Apr 1993 Joined Japan LCA Co., Ltd. (currently LCA Holdings Inc.) May 2003 General Manager, Housing, Construction and Real Estate Industry Support Division, Japan LCA Co., Ltd. Dec 2003 General Manager, Restaurant Industry Support Division, Japan LCA Co., Ltd. May 2004 Executive Officer, Head of Restaurant Industry Support Division, Japan LCA Co., Ltd. Aug 2007 Director, in charge of Restaurant Industry, Japan LCA Co., Ltd. May 2008 Director, the Company Jul 2008 Managing Director, the Company Jul 2013 Senior Managing Director, Head of Relations Business Division, the Company Jan 2016 Director, MS&Consulting (Thailand) Co., Ltd. (current) May 2023 Representative Director, President, the Company (current)
1969-08-16
Yukihide SHIBUYA
Senior Managing Director
Apr 1996 Joined Japan LCA Co., Ltd. (currently LCA Holdings Inc.) May 2001 Deputy General Manager, Systems Development Business Division, Japan LCA Co., Ltd. May 2004 Executive Officer, General Manager, Restaurant Industry Support Division, Japan LCA Co., Ltd. May 2008 Director, the Company Mar 2009 Managing Executive Officer, the Company Jan 2016 Director, MS&Consulting (Thailand) Co., Ltd. (current) Apr 2016 Managing Executive Officer, Head of Technology Innovation Business Division, the Company Jun 2017 Managing Director, Head of Technology Innovation Business Division, the Company Jan 2018 Director, Taiwan Mitsu Service Consulting Co., Ltd. (current) Apr 2018 Managing Director, Head of TRI Division, the Company May 2023 Senior Managing Director, the Company (current)
1973-12-21
Akinori NAMIKI
Director, General Manager of Management Administration Division
Apr 1986 Joined Japan LCA Co., Ltd. (currently LCA Holdings Inc.) May 1998 General Manager, CIS Business Division, Japan LCA Co., Ltd. Aug 1999 Director, General Manager, CIS Business Division, Japan LCA Co., Ltd. May 2004 Managing Director, in charge of Restaurant Industry, Japan LCA Co., Ltd. Jun 2005 Senior Managing Director, in charge of Restaurant Industry and Head of Human Resources, Japan LCA Co., Ltd. Aug 2007 Senior Managing Director and Chief Learning Officer, Japan LCA Co., Ltd. May 2008 Representative Director, President, the Company May 2023 Representative Director, Chairman and General Manager of Management Administration Division, the Company (current)
1963-07-18
Shun YAMASAKI
Director, Chairman of the Board
Jan 2001 Joined Koutsuu Co., Ltd. (Hikari Tsushin, Inc.) Jan 2005 General Manager, Corporate Department, Koutsuu Co., Ltd. Oct 2007 Executive Officer, Koutsuu Co., Ltd. Apr 2009 Senior Executive Officer, Koutsuu Co., Ltd. Apr 2012 Resigned from Koutsuu Co., Ltd. Apr 2012 Representative Director, Wiz Co., Ltd. (current) May 2025 Director, the Company (current)
1982-03-31
Toshiyuki KAMIMURA
Director (Audit and Supervisory Committee Member)
Apr 1993 Joined Chuo Shinko Audit Corporation Apr 1995 Registered as Certified Public Accountant Jul 2004 Partner, Chuo Aoyama Audit Corporation Jan 2007 Joined Clifix Tax Corporation Dec 2007 Registered as Certified Tax Accountant Jan 2008 Partner, Clifix Tax Corporation (current) Oct 2013 Corporate Auditor, the Company Sep 2014 Director, ZERO Co., Ltd. (current) Jun 2016 Director (Audit and Supervisory Committee Member), the Company (current)
1971-01-16
Koji HAYASHI
Director (Audit and Supervisory Committee Member)
Apr 1995 Registered as Attorney at Law (Daiichi Tokyo Bar Association) Apr 1995 Joined Abe, Ikubo & Katayama Law Offices Jan 2000 Partner, Abe, Ikubo & Katayama Law Offices Jan 2007 Partner, TMI Associates Dec 2013 Managing Partner, Shindo Matsumura Law Office Jun 2016 Director (Audit and Supervisory Committee Member), the Company (current) Apr 2017 Representative Attorney, Hayashi Law Office (current) Jun 2020 Director (Audit and Supervisory Committee Member), Assax Co., Ltd. (current) Jun 2023 Outside Corporate Auditor, Komai Haltec Inc. (current)
1965-02-27
Ken OKAMOTO
Director (Audit and Supervisory Committee Member)
Apr 1996 Joined Sumitomo Electric Industries, Ltd. Sep 2000 Joined Internet Pro, Inc. Aug 2001 Joined @Network Japan K.K. May 2004 Joined Rakuten, Inc. Apr 2013 CEO, Rakuten Brasil Limitada Aug 2015 Representative, Rakuten Blockchain Lab Aug 2017 Representative Director, President, KPI Trust Inc. (current) Aug 2018 Representative Director, President, Blockchain Lock Inc. (current) Oct 2018 Director, BCL Global Operation Pte. Ltd. (current) May 2022 Director (Audit and Supervisory Committee Member), the Company (current)
1973-09-23
Large Shareholding Reports
UH6
2026-04-28
7.34%→7.34%
Annual report (as of 2026-08-31): 7.47%
UH6 Co., Ltd.
2026-04-07
7.34%
Annual report (as of 2026-08-31): 7.47%
SBI Securities Co., Ltd.
2026-02-19
5.06%→3.37%
Annual report (as of 2026-08-31): 3.62%
Koutsushin Co., Ltd.
2025-12-23
7.19%→7.19%
SBI Securities Co., Ltd.
2025-11-20
5.06%
Annual report (as of 2026-08-31): 3.62%
Wiz Co., Ltd.
2025-11-04
19.22%
Annual report (as of 2026-08-31): 9.93%
SBI Securities Co., Ltd.
2025-10-21
5.02%→0.59%
Annual report (as of 2026-08-31): 3.62%
Koutsushin Co., Ltd.
2025-09-29
7.19%→7.19%
SBI Securities Co., Ltd.
2025-09-22
5.02%
Annual report (as of 2026-08-31): 3.62%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-15
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-15
業績予想の修正
FY ending Feb 2027
TDnet
2026-10-15
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-10
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-26
Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINET
2026-04-28
Large Shareholding Report
TDnet
2026-04-10
Full-Year Earnings Flash
FY ending Feb 2026
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-02-19
Large Shareholding Report
TDnet
2026-01-13
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-12-23
Large Shareholding Report
EDINET
2025-11-20
Large Shareholding Report
EDINET
2025-11-04
Large Shareholding Report
EDINET
2025-10-21
Large Shareholding Report
EDINET
2025-10-10
Securities Registration Statement
EDINET
2025-10-10
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-10-10
業績予想の修正
FY ending Feb 2026
EDINET
2025-09-29
Large Shareholding Report
EDINET
2025-09-22
Large Shareholding Report
TDnet
2025-07-11
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-29
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-14
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-10
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2024-07-11
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-07-11
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINETAmended
2024-06-28
Amended Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-05-30
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-11
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-07
Quarterly Securities Report
Period: Mar 2023 – May 2023
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