Overview
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As Partners CO.,LTD.

As Partners operates primarily in two segments: Senior Care (76% of revenue) and Real Estate (24%). The Senior Care segment manages licensed care homes ('Kaigo-tsuki Home'), day service centers, and short-stay facilities targeting middle-to-upper income elderly residents in the Greater Tokyo area, leveraging its proprietary IoT/ICT platform 'EGAO link' to enhance operational efficiency and service quality. The Real Estate segment encompasses senior real estate development (self-developed care facilities), distressed property revitalization (Solution Business), and rental income properties.

Market Cap
¥6.77B
US$43.2M
EV
¥11.6B
US$74.3M
Stock¥1,890▼-0.11%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
19.6
x
LTM EV/EBIT
30.5
x
LTM PER
15.9
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-59.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
6.77BUS$43.2MMarket Cap8.77BUS$55.9M+ Debt3.89BUS$24.8M− Cash0.00BUS$0.00M− Inv. Sec.11.6BUS$74.3MEV
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Performance & Balance
Revenue 5Y (¥B)
11.5US$73.5M'22/312.8US$81.5M'23/317.2US$109M'24/317.9US$114M'25/323.7US$151M'26/3
EBITDA 5Y (¥B)
0.97US$6.17M'24/31.52US$9.67M'25/31.74US$11.1M'26/3
Net Income 5Y (¥B)
0.49US$3.09M'22/30.23US$1.47M'23/30.56US$3.59M'24/30.96US$6.10M'25/31.18US$7.55M'26/3
Capital Structure
37%
63%
EquityD/E 1.70xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'22/3'23/35.71US$36.4M5.64US$35.9M'24/36.86US$43.7M9.31US$59.4M'25/34.07US$26.0M10.1US$64.6M'26/3
Shareholders
Top 10 hold 68.7%
1
Bless Co., Ltd.
34.84%
2
MIRARTH HOLDINGS,Inc.
9.53%
3
Kenji UEMURA
4.53%
4
Hirotoshi ITO
4.25%
5
Kōji YAMAMOTO
4.25%
6
As Partners CO.,LTD. Employee Stock Ownership Association
3.46%
7
NOMURA PB NOMINESS LIMITED OMNIBUS-MARGIN (CASHPB; Standing Proxy: Nomura Securities Co., Ltd.)
2.43%
8
Ueda Yagi Short-Term Investment Co., Ltd.
2.43%
9
Atsuto MATSUO
1.60%
10
Rakuten Securities, Inc.
1.38%
Management
9 officers
Kenji UEMURA
Representative Director, President and CEO
Apr 1989 Joined Recruit Cosmos Co., Ltd. (now Cosmos Initia Co., Ltd.) Aug 1999 Joined Takara Komuten Co., Ltd. (now MIRARTH Holdings Co., Ltd.) Jun 2000 Director, Takara Komuten Co., Ltd. Jun 2002 Managing Director, Takara Komuten Co., Ltd. Nov 2004 Established the Company; Representative Director Jun 2015 Vice Chairperson, National Council of Specified Facility Operators (now Japan Association of Assisted Living Homes) (current) Jun 2017 Representative Director, President and CEO of the Company (current)
1966-06-07
Hirotoshi ITO
Director and Senior Managing Executive Officer (General Manager, Business Division)
Apr 1989 Joined Recruit Cosmos Co., Ltd. (now Cosmos Initia Co., Ltd.) Apr 2008 Joined the Company; General Manager, Real Estate Business Department Jun 2008 Director of the Company Jun 2017 Director and Senior Managing Executive Officer of the Company (current)
1966-06-04
Atsuto MATSUO
Director and Managing Executive Officer (General Manager, Administration Division)
Nov 2003 Joined Mock Co., Ltd. Apr 2007 Joined Rockstone Co., Ltd. Mar 2010 Joined the Company Apr 2017 General Manager, Corporate Planning Department of the Company Apr 2021 Executive Officer of the Company Jun 2022 Director and Senior Executive Officer of the Company Apr 2025 Director and Managing Executive Officer of the Company (current)
1973-10-25
Kōji YAMAMOTO
Director and Senior Executive Officer (General Manager, Business Promotion Department)
Apr 1991 Joined Recruit Cosmos Co., Ltd. (now Cosmos Initia Co., Ltd.) Sep 2000 Joined Takara Komuten Co., Ltd. (now MIRARTH Holdings Co., Ltd.) Sep 2006 Joined the Company; Director Jun 2018 Director and Executive Officer of the Company Apr 2025 Director and Senior Executive Officer of the Company (current)
1969-02-12
Katsukichi OGATA
Outside Director
Apr 1982 Joined Hasegawa Komuten Co., Ltd. (now Haseko Corporation) Oct 1990 Joined Miwa Sekkei Jimusho Co., Ltd. (now miwa Co., Ltd.) Jun 1991 Joined Recruit Cosmos Co., Ltd. (now Cosmos Initia Co., Ltd.) Apr 1992 Transferred to Cosmos More Co., Ltd. Sep 2000 Osaka Branch Manager, Cosmos More Co., Ltd. Jun 2005 Representative Director and President, Cosmos More Co., Ltd. Jun 2019 Managing Director, Katsuden Architect Co., Ltd. (now Katsuden Co., Ltd.) Jun 2022 Outside Director of the Company (current)
1959-09-28
Hanayo ITO
Outside Director
Apr 1993 Joined FromA Neo Co., Ltd. (now Recruit Co., Ltd.) Apr 2013 Seconded to FromA Career Co., Ltd. (now Recruit Co., Ltd.) Apr 2015 Returned to Recruit Jobs Co., Ltd. (now Recruit Co., Ltd.) Jun 2017 Established TRAY Co., Ltd.; Representative Director and President (current) Jun 2022 Outside Director of the Company (current)
1970-11-26
Keiichi OKUDA
Full-time Audit and Supervisory Board Member
Apr 1980 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Sep 2009 Seconded to Fuji Foods Co., Ltd. Apr 2010 Joined Fuji Foods Co., Ltd. Jun 2012 Director, Fuji Foods Co., Ltd. Feb 2014 Director, F Holdings Co., Ltd. Jul 2018 Joined National Association of Paid Nursing Homes (public interest incorporated association) Jun 2022 Audit and Supervisory Board Member of the Company (current)
1956-05-21
Hitoko MORIWAKI
Outside Audit and Supervisory Board Member
Apr 1998 Registered as Certified Tax Accountant (Tokyo Tax Accountants' Association) Oct 2003 Established I-Tax Tax Accountants Corporation; Senior Partner Oct 2005 Established I-Tax Consulting Co., Ltd.; Representative Director Sep 2021 Auditor, Aijikai Medical Foundation (current) Oct 2021 Executive Advisor, I-Tax Tax Accountants Corporation (current) Jun 2022 Outside Audit and Supervisory Board Member, Nippon Gear Co., Ltd. (current) Jun 2022 Outside Audit and Supervisory Board Member of the Company (current) Mar 2023 Outside Audit and Supervisory Board Member, Zenhoren Co., Ltd. Nov 2024 Outside Director, H2L Co., Ltd. (current)
1964-09-24
Tomoko SHIONO
Outside Audit and Supervisory Board Member
Apr 1999 Joined Ministry of Health and Welfare (now Ministry of Health, Labour and Welfare) Dec 2009 Registered as Attorney at Law (Second Tokyo Bar Association) Jan 2010 Joined Yotsuya Kyodo Law Office (current) Jun 2015 Outside Auditor, Palsystem Kyosai Consumers' Cooperative Union Jun 2021 Outside Audit and Supervisory Board Member, Toei Co., Ltd. Jun 2022 Outside Audit and Supervisory Board Member of the Company (current) Jun 2022 Outside Director (Audit and Supervisory Committee Member), Toei Co., Ltd. (current) Jun 2023 Outside Auditor, Palsystem Consumers' Cooperative Union (current)
1975-06-20
Large Shareholding Reports
MIRARTH Holdings, Inc.
2025-12-05
15.10%→9.55%
Annual report (as of 2026-03-31): 9.53%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-03-26
Amended Securities Registration Statement
EDINETAmended
2024-03-15
Amended Securities Registration Statement
EDINET
2024-02-29
Securities Registration Statement
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