Overview
Information & Communication

DATA HORIZON CO.,LTD.

Data Horizon provides healthcare IT services centered on data health (data-driven health management) solutions for Japanese health insurers (kokuho, kenpo kumiai, and latter-stage elderly medical associations), leveraging proprietary medical-related databases accumulated since 1996, including approximately 110,000 disease/medical-act dictionary entries and analysis of approximately 380 million claims (receipts) annually. Core services include data health plan formulation support, health guidance programs (targeting chronic disease prevention and polypharmacy reduction), generic drug promotion notifications, and the health management app 'kencom' operated by consolidated subsidiary DeSC Healthcare Co., Ltd. The company also provides a data utilization service offering anonymized claims data analytics and evidence generation to pharmaceutical companies, academia, and local governments, with over 290 academic presentations and papers published cumulatively.

Market Cap
¥9.15B
US$58.4M
EV
¥11.2B
US$71.7M
Stock¥721▲+1.12%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
39.2
x
LTM EV/EBIT
NM
LTM PER
190.6
x
LTM PBR
62.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-9.0%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
9.15BUS$58.4MMarket Cap3.76BUS$24.0M+ Debt1.67BUS$10.7M− Cash0.00BUS$0.00M− Inv. Sec.11.2BUS$71.7MEV
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Performance & Balance
Revenue 5Y (¥B)
2.99US$19.1M'22/64.41US$28.1M'23/65.01US$31.9M'24/63.85US$24.6M'25/35.14US$32.8M'26/3
EBITDA 5Y (¥B)
-0.14-US$0.92M'22/6-0.19-US$1.24M'23/6-0.40-US$2.56M'24/6-0.13-US$0.83M'25/30.34US$2.16M'26/3
Net Income 5Y (¥B)
-0.41-US$2.61M'22/6-0.66-US$4.23M'23/6-0.81-US$5.15M'24/6-2.96-US$18.9M'25/30.27US$1.70M'26/3
Capital Structure
96%
EquityD/E 25.64xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.38US$2.42M0.40US$2.55M'22/61.08US$6.88M1.47US$9.38M'23/61.42US$9.09M2.46US$15.7M'24/61.28US$8.19M4.81US$30.7M'25/31.02US$6.48M5.29US$33.7M'26/3
Shareholders
Top 10 hold 79.5%
1
DeNA Co.,Ltd.
51.49%
2
Yoshio UTSUMI
9.04%
3
Jitsuji IWASA
4.00%
4
Watanabe Juken Co., Ltd.
3.45%
5
Benefit One Inc.
3.44%
6
TS Alfresa Corporation
2.84%
7
Fumiaki KANUMA
1.74%
8
Takehito WATANABE
1.68%
9
DATA HORIZON CO.,LTD. Employee Stock Ownership Association
1.05%
10
Nomura Securities Co., Ltd.
0.78%
Management
8 officers
Yoshio UTSUMI
Representative Director, Chairman
Mar 1972 Opened a cram school Mar 1982 Established the Company; Representative Director, President Dec 2010 Director, DPP Health Partners Inc. Jun 2012 Chairman of the Board, Cosmo Systems Co., Ltd. May 2017 Representative Director, President, DPP Health Partners Inc. Nov 2018 In charge of Sales Division Jul 2019 Director, Bridge Co., Ltd. Jul 2020 General Manager, New Business Development Division Sep 2022 Representative Director, President and Executive Officer; Chief Executive Officer (CEO) Oct 2022 Director, DeSC Healthcare Inc. (current) Jul 2024 Representative Director, Chairman (current)
1947-07-29
Sho SEGAWA
Representative Director, President and Executive Officer, Chief Executive Officer (CEO)
Apr 2010 Joined DeNA Co., Ltd. Apr 2018 Executive Officer, DeNA Co., Ltd.; General Manager, Healthcare Business Division; Representative Director, President, DeSC Healthcare Inc.; Representative Director, President, DeNA Life Science Inc. Apr 2019 Director, DeSC Healthcare Inc. Apr 2020 Representative Director, President, DeSC Healthcare Inc. (current) Apr 2021 Executive Officer, DeNA Co., Ltd.; Deputy General Manager, Healthcare Business Division Jul 2021 General Manager, New Business Division, the Company Sep 2021 Director, the Company; Director, Tecto Systems Co., Ltd. Apr 2022 Executive, DeNA Group; Deputy General Manager, Healthcare Business Division May 2022 General Manager, Management Strategy Office, Tecto Systems Co., Ltd. Sep 2022 Representative Director, Executive Vice President and Executive Officer, the Company Oct 2022 Executive, DeNA Group; General Manager, Healthcare Business Division (current) Sep 2023 Representative Director, Executive Vice President and Executive Officer; Chief Operating Officer (COO), the Company Oct 2023 Director, PFDeNA Inc. (current) Jul 2024 Representative Director, President and Executive Officer; Chief Executive Officer (CEO), the Company (current) Apr 2025 Director, Tecto Systems Co., Ltd. (current) Jun 2025 Representative Director, PFDeMA Inc.
1984-07-22
Shinichiro NAITO
Director (Full-time Audit and Supervisory Committee Member)
Apr 1986 Joined Shin Daiwa Kogyo Co., Ltd. (currently Yamabiko Corporation) May 2006 Joined the Company Dec 2007 General Manager, Accounting Department Jun 2010 Director and General Manager, Accounting Department Oct 2012 Director and General Manager, Corporate Management Department May 2017 Managing Director, DPP Health Partners Inc. Jul 2020 Director and General Manager, Administration Division Sep 2022 Managing Executive Officer and General Manager, Administration Division Jul 2025 General Manager, Internal Audit Office Jun 2026 Director (Full-time Audit and Supervisory Committee Member) (current)
1960-06-26
Yoshiyuki TOWATA
Director and Executive Officer
Apr 2006 Joined DeNA Co., Ltd. Mar 2020 Director and Vice President, DeSC Healthcare Inc. (current) Sep 2021 Representative Director, President, Tecto Systems Co., Ltd. Apr 2022 Executive, DeNA Group (current) Oct 2022 Deputy General Manager, Healthcare Business Division, DeNA Co., Ltd. (current) Aug 2023 Director, Bridge Co., Ltd. Jul 2024 Managing Executive Officer and General Manager, Data Health Business Division, the Company Sep 2024 Representative Director, President, DPP Health Partners Inc. (current) Jun 2025 Director and Managing Executive Officer; General Manager, Data Health Business Division, the Company Apr 2026 Director and Executive Officer; General Manager, Data Health Business Division, the Company (current)
1978-10-31
Jun OI
Director
Apr 1995 Joined the Ministry of Home Affairs (currently Ministry of Internal Affairs and Communications) Apr 2011 Fiscal Planning Officer, Fiscal Planning Division, Local Public Finance Bureau, Ministry of Internal Affairs and Communications Apr 2013 Joined DeNA Co., Ltd. Jul 2017 Executive Officer and General Manager, Healthcare Business Division, DeNA Co., Ltd.; Representative Director, DeNA Life Science Inc. Apr 2020 Managing Executive Officer, Chief Financial Officer (CFO) and General Manager, Corporate Planning Division, DeNA Co., Ltd. Jun 2021 Director and Executive Officer, CFO and General Manager, Corporate Planning Division, DeNA Co., Ltd.; Representative Director, President, PFDeNA Inc. Apr 2022 Director and Executive Officer, CFO, DeNA Co., Ltd. Jun 2022 Representative Director, Alm Inc. Sep 2022 Director, the Company (current) Oct 2022 Director and Executive Officer, DeNA Co., Ltd. Jun 2024 Representative Director, Chairman, Alm Inc. Sep 2025 Senior Executive Officer, Change Holdings, Inc. (current); Representative Director, President, TrustBank Inc. (current)
1972-09-24
Tamotsu OKAMOTO
Director
Apr 1974 Joined the Ministry of Home Affairs (currently Ministry of Internal Affairs and Communications) Jul 2006 Director-General, Local Public Finance Bureau, Ministry of Internal Affairs and Communications Jul 2007 Director-General, Local Administration Bureau, Ministry of Internal Affairs and Communications Jul 2008 Commissioner, Fire and Disaster Management Agency, Ministry of Internal Affairs and Communications Jul 2009 Deputy Minister (Local Administration), Ministry of Internal Affairs and Communications Jan 2010 Vice-Minister, Ministry of Internal Affairs and Communications Jan 2013 Advisor, Nomura Capital Market Research Institute Apr 2014 Chairman, Council of Local Authorities for International Relations (CLAIR) Sep 2022 Director, the Company (current) Apr 2024 Senior Advisor, CLAIR (current)
1951-01-10
Toshiko MIYAKE
Director (Audit and Supervisory Committee Member)
Apr 2015 Attorney-at-law, Komori Law Office (current) Jun 2020 Outside Director, Fumakilla Limited (current) Jun 2026 Director (Audit and Supervisory Committee Member), the Company (current)
1980-09-17
Shintaro YAMADA
Director (Audit and Supervisory Committee Member)
Dec 2004 Joined Chuo Aoyama Audit Corporation Jul 2007 Joined EY ShinNihon LLC Jun 2008 Registered as Certified Public Accountant Dec 2010 Opened Yamada Certified Public Accountant Office (current) Jul 2011 Registered as Certified Tax Accountant Jun 2012 Representative Director, SK Partners Inc. (current) Sep 2017 Representative Partner, Tax Corporation SkyShip (current) May 2019 Partner, Aile Audit Corporation (current) Jun 2026 Director (Audit and Supervisory Committee Member), the Company (current)
1976-03-04
Large Shareholding Reports
Watanabe Juken Co., Ltd.
2026-03-09
3.40%→3.44%
Annual report (as of 2026-03-31): 3.45%
Watanabe Juken Co., Ltd.
2026-03-06
3.40%
Annual report (as of 2026-03-31): 3.45%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-29
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-03-09
Change Report
EDINET
2026-03-06
Large Shareholding Report
TDnet
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Jul 2024 – Mar 2025
EDINET
2025-02-14
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINETAmended
2024-11-26
Amended Annual Securities Report
Period: Jul 2023 – Jun 2024
TDnet
2024-11-06
Q1 Earnings Flash
FY ending Jun 2025
EDINET
2024-09-30
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINETAmended
2024-06-07
Amended Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-11-06
Amended Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2023-09-29
Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-09-30
Annual Securities Report
EDINETAmended
2022-05-19
Amended Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-15
Quarterly Securities Report
EDINETAmended
2021-10-07
Amended Annual Securities Report
EDINET
2021-09-29
Annual Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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