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Overview

EUCALIA Inc.

Eucalia is a Japan-based healthcare management company that provides comprehensive operational and management support to affiliated hospitals and medical institutions, covering business planning, bed function conversion, procurement of medical supplies and pharmaceuticals, construction management, DX promotion, and M&A advisory. The company also operates a senior-related business encompassing housing for the elderly and care facility referral services, alongside medical data analytics utilizing anonymized electronic health records and DX solutions for healthcare and nursing care settings. Its competitive strength lies in its integrated, end-to-end support model—from strategy formulation to execution—serving a growing market of financially distressed hospitals facing structural challenges such as an aging population and medical workforce shortages.

Market Cap

¥26.9B

US$172M

¥47.2B

US$301M

Stock¥751▼-0.92%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

18.1

LTM EV/EBIT

28.2

LTM PER

11.0

LTM PBR

1.3

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-44.5%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Jun 16, 26Board approved share buyback

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

40%

60%

EquityD/E 1.48xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 86.0%

as of 2026-06-30 · Source: Annual Securities Report

Exosome Inc.

44.71%

Jun FURUKAWA

12.69%

Custody Bank of Japan, Ltd. (Trust Account)

11.87%

Clariva Inc.

4.32%

BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURGFUNDS/UCITS ASSETS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)

3.49%

Sumitomo Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)

2.64%

SBI Ventures Two Co., Ltd.

1.81%

SIGMAXYZ Holdings Inc.

1.62%

Japan Securities Finance Co.,Ltd.

1.61%

Sumitomo Mitsui Trust Bank, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)

1.23%

Management

5 officers

Jun FURUKAWA

Chairman of the Board, Director

Oct 1997 Joined Chuo Audit Corporation (currently PwC Japan LLC) Feb 2002 Established Toranomon Capital G.K.; Director Jul 2003 Representative Director, Toranomon Capital G.K. Feb 2005 Established the Company; Representative Director Feb 2009 Director, Lilac Medical Inc. Jul 2011 Director, Eterna Inc. (currently Cratch Inc.); Representative Director, DIC Inc. Dec 2011 Director, United Healthcare Inc. (currently Medical Advisors Inc.) Oct 2015 Director, Beagle Inc. Aug 2018 Representative Director, Cure Proof Inc.; Director, Raiz Inc. Mar 2020 Director, Modern Aging Inc. Mar 2022 Director, DIC Inc. (current) Jan 2023 Representative Director, Struct Inc. (current) Dec 2023 Representative Director, Smart Scan Inc. Mar 2024 Representative Director and Chairman, the Company Mar 2025 Director and Chairman, the Company (current) Mar 2026 Representative Director, Ai Life Inc. (current)

1974-09-22

Hideo MISAWA

Representative Director, President

Apr 1998 Joined Goldman Sachs Securities Co., Ltd. Jun 2007 Managing Director, Morgan Stanley Securities Co., Ltd. Aug 2008 Managing Director, Head of Bond Sales, Merrill Lynch Japan Securities Co., Ltd. (currently BofA Securities Japan Co., Ltd.) Feb 2014 Executive Officer, Dome Corporation Feb 2016 Director, CFO, Dome Corporation Jan 2017 Head Coach, University of Tokyo American Football Club (current) Mar 2018 Director, Managing Executive Officer, CSO, Dome Corporation Apr 2018 Visiting Professor, University of Tsukuba (current) Apr 2020 Joined the Company; Head of Corporate Strategy Office May 2020 Executive Officer, Head of Corporate Strategy Office, the Company Jun 2020 Executive Officer, Head of Corporate Planning Division, the Company Mar 2021 Director, Head of Corporate Planning Division, the Company Mar 2024 Representative Director, President, the Company (current)

1973-08-30

Shuji SUDO

Director, Audit and Supervisory Committee Member

Apr 1987 Joined Ota Showa & Co. (currently EY ShinNihon LLC) Jul 2002 Partner, ShinNihon & Co. (currently EY ShinNihon LLC) Apr 2004 Part-time Lecturer, Faculty of Business Administration, Senshu University (current) Sep 2006 Part-time Lecturer, Department of International Business Management, Graduate School of Asia-Pacific Studies, Waseda University (currently Graduate School of Business and Management) (current) Jul 2008 Senior Partner, ShinNihon LLC (currently EY ShinNihon LLC) Jul 2017 Head of FAAS Division, EY ShinNihon LLC; Representative Director, EY Shinnihon Sustainability Co., Ltd.; Representative Director, EY Solutions Co., Ltd. Aug 2018 Audit & Supervisory Board Member, the Company; Audit & Supervisory Board Member, Cratch Inc. (current); Audit & Supervisory Board Member, Raiz Inc. Apr 2019 Part-time Lecturer, Faculty of International Political Economy, Aoyama Gakuin University Nov 2019 Audit & Supervisory Board Member, Beagle Inc. Mar 2020 Audit & Supervisory Board Member, Modern Aging Inc.; Audit & Supervisory Board Member, YAOKI Inc. (currently Welforce Inc.) Jun 2020 Audit & Supervisory Board Member, Zap Inc. (currently Ai Life Inc.) (current) Jul 2020 Audit & Supervisory Board Member, Chugin Integration Co., Ltd. Mar 2023 Director, Audit and Supervisory Committee Member, the Company (current) Nov 2025 Audit & Supervisory Board Member, Mediastep Inc. (current)

1963-04-18

Fumino SUGIYAMA

Director, Audit and Supervisory Committee Member

Sep 2009 Joined Sai Corporation Oct 2009 Director, Suzuya Inc. (current) May 2013 Representative Director, NPO Heart Connect School (current) Jan 2014 Representative Director, New Canvas Inc. (current) May 2015 Director, NPO green bird (current) Aug 2015 Co-Representative Director, NPO Tokyo Rainbow Pride Aug 2019 Director, General Incorporated Association Famiee (current) Jun 2021 Director, Japan Fencing Federation (current); Director, Japan Olympic Committee (current) Feb 2023 Director, NPO Pride House Tokyo (current) Mar 2023 Director, Audit and Supervisory Committee Member, the Company (current) Apr 2023 Trustee, Japan Women's University (current) Sep 2024 Director, NPO Tokyo Rainbow Pride

1981-08-10

Shiho IKEJIRI

Director, Audit and Supervisory Committee Member

Apr 1993 Joined Yasuda Fire & Marine Insurance Co., Ltd. (currently Sompo Japan Insurance Inc.) Oct 1996 Joined Mitsui Yasuda Law Office Mar 2014 Completed Graduate School of Law, Waseda University Jan 2017 Registered as Attorney-at-Law; joined Mitsui Law Office (current) Mar 2025 Director, Audit and Supervisory Committee Member, the Company (current)

1970-07-20

Large Shareholding Reports

Exosome Co., Ltd.

2026-10-06

42.12%→42.12%