Overview
Information & Communication

Medical Net,Inc.

Medical Net, Inc. operates internet-based platforms and services focused on dental and healthcare markets in Japan and Southeast Asia. The company's core businesses include operating dental information portal sites (e.g., ImplantNet, Orthodontics Net) for consumers, providing web marketing and HP production services for dental clinics, and supporting dental clinic management through comprehensive one-stop services covering opening, operations, and asset planning. Additional business lines include dental trading (supply of dental materials and equipment in Japan and Thailand), OTC pharmaceutical planning and wholesale, dental clinic operations in Bangkok, Thailand, and POS system development and maintenance for retailers and hospitals in Thailand.

Market Cap
¥2.14B
US$13.6M
EV
¥1.60B
US$10.2M
Stock¥233▼-1.27%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.2
x
LTM EV/EBIT
10.4
x
LTM PER
28.9
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-48.5%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
2.14BUS$13.6MMarket Cap1.41BUS$8.99M+ Debt1.97BUS$12.6M− Cash0.05BUS$0.34M− Inv. Sec.0.07BUS$0.46M+ NCI1.60BUS$10.2MEV
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Performance & Balance
Revenue 5Y (¥B)
3.75US$23.9M'22/54.50US$28.7M'23/55.25US$33.5M'24/56.08US$38.8M'25/56.73US$42.9M'26/5
EBITDA 5Y (¥B)
0.46US$2.96M'22/50.39US$2.52M'23/50.32US$2.03M'24/50.13US$0.82M'25/50.22US$1.40M'26/5
Net Income 5Y (¥B)
0.38US$2.45M'22/50.12US$0.74M'23/50.01US$0.03M'24/5-0.07-US$0.43M'25/50.14US$0.87M'26/5
Capital Structure
58%
42%
EquityD/E 0.73xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.21US$7.72M0.77US$4.93M'22/51.58US$10.1M0.79US$5.04M'23/51.59US$10.1M1.03US$6.57M'24/51.51US$9.64M1.26US$8.02M'25/52.01US$12.8M1.43US$9.10M'26/5
Shareholders
Top 10 hold 41.1%
1
Dai HIRAKAWA
9.58%
2
Yuji HIRAKAWA
8.47%
3
Ryusuke HAYAKAWA
6.43%
4
Yoshida Co., Ltd.
5.82%
5
Seigo NAITO
3.48%
6
Kimihito MIZUMOTO
3.10%
7
Writeup Co.,Ltd.
1.16%
8
Satoshi HOTANO
1.08%
9
Yoshiko HIRAKAWA
1.01%
10
Yuka HIRAKAWA
0.98%
Management
9 officers
Dai HIRAKAWA
Representative Director, Chairman and CEO, in charge of Business Development Division
Sep 1999 Joined Jupiter Programming Co., Ltd. (now Jupiter Telecommunications Co., Ltd.) Jun 2001 Joined Compaq Computer Corporation (now Hewlett-Packard Japan, Ltd.) Oct 2002 Joined Hewlett-Packard Japan, Ltd. Dec 2003 Joined NEC Corporation (Thailand) Ltd. Apr 2005 Joined the Company; appointed General Manager, Solutions Sales Division Aug 2006 Appointed Director of the Company Jun 2012 Appointed Representative Director, in charge of Solutions Sales Division Aug 2012 Appointed Representative Director, President Aug 2016 Appointed Representative Director, Chairman and CEO Oct 2017 Appointed Director, Medical Net Thailand Co., Ltd. (current) Aug 2018 Appointed Representative Director, Chairman and CEO, in charge of Business Development Division (current) Dec 2018 Appointed Director, Bran Networks, Inc. Dec 2020 (entry incomplete in source) Jun 2021 Appointed Director, Okamura Corporation (current) Appointed Director, Pacific Dental Care Co., Ltd. (current) Appointed Director, Noeechi Yakuhin Co., Ltd. (current) Mar 2022 Appointed Outside Director, Sirius Vision Co., Ltd. (current) Apr 2022 Appointed Director, NU-DENT Co., Ltd. (current) Apr 2022 Appointed Director, D.D.DENT Co., Ltd. (current) Apr 2022 Appointed Director, Fukumori Dental Clinic Co., Ltd. (current) Jan 2024 Appointed Director, Milteru Co., Ltd. Apr 2024 Appointed Director, AVision Co., Ltd. (current) Mar 2025 Appointed Director, Yoshimi Dental Instrument Store Co., Ltd. (current)
1973-02-02
Yuji HIRAKAWA
Representative Director, President and COO, in charge of Administration Division
Sep 1992 Joined Daito Koage Co., Ltd. (now Daito Service Co., Ltd.) Jun 2001 Established the Company; appointed Director Dec 2003 Appointed Part-time Instructor, Judicial Scrivener Course, Tokyo Legal Mind Co., Ltd. Nov 2007 Appointed General Manager, General Affairs and Accounting Department (now Administration Division) Jun 2012 Appointed Representative Director, in charge of Administration Department (now Administration Division) Aug 2012 Appointed Representative Director and Executive Vice President, in charge of Administration Department (now Administration Division) Feb 2014 Appointed Outside Director, Bran Networks, Inc. Aug 2015 Appointed Director, Bran Networks, Inc. Aug 2016 Appointed Representative Director, President and COO, in charge of Administration Department (now Administration Division) (current) Oct 2017 (entry incomplete in source) Dec 2020 (entry incomplete in source) Jun 2021 (entry incomplete in source) Appointed Director, Medical Net Thailand Co., Ltd. (current) Appointed Director, Pacific Dental Care Co., Ltd. (current) Appointed Director, Noeechi Yakuhin Co., Ltd. (current) Apr 2022 Appointed Director, NU-DENT Co., Ltd. (current) Apr 2022 Appointed Director, D.D.DENT Co., Ltd. (current) Apr 2022 Appointed Director, Fukumori Dental Clinic Co., Ltd. (current) Nov 2023 Appointed Director, Whiteseed Co., Ltd. (current) Jan 2024 Appointed Director, Milteru Co., Ltd. Apr 2024 Appointed Director, AVision Co., Ltd. (current) Mar 2025 Appointed Director, Yoshimi Dental Instrument Store Co., Ltd. (current)
1971-03-06
Ryusuke HAYAKAWA
Director, in charge of Content Business Division and Engineering Division
Jan 1999 Established Ryu Medical Center Group Co., Ltd.; appointed Representative Director (current) Jun 2002 Appointed Director, R.M.C. Co., Ltd. (current) Aug 2006 Appointed Director of the Company Aug 2012 Appointed Director, in charge of Content Business Division, the Company Feb 2014 Appointed Outside Director, Bran Networks, Inc. Aug 2015 Appointed Director, Bran Networks, Inc. Aug 2018 Appointed Director, in charge of Solutions Sales Division, the Company Jun 2022 Appointed Director, in charge of Content Business Division and Engineering Division, the Company (current)
1970-11-10
Hiroaki KATO
Director
Apr 2007 Passed 101st National Medical Licensing Examination; joined Kyoto Prefectural University of Medicine Hospital Jun 2010 Joined Baptist Eye Clinic Apr 2013 Joined Graduate School of Kyoto Prefectural University of Medicine, Department of Visual Regeneration Surgery Apr 2015 Appointed Faculty Member, Kyoto University Medical Education Program Apr 2016 Appointed Deputy Director, Clinical Trial Promotion Office, Research and Development Promotion Division, Medical Affairs Bureau, Ministry of Health, Labour and Welfare May 2017 Appointed Specially Appointed Assistant Professor, Department of Ophthalmology, Kyoto Prefectural University of Medicine; Visiting Professor, Digital Hollywood University Graduate School Jun 2017 Appointed Outside Director, MRT Inc. Apr 2018 Appointed Director, Iris Co., Ltd. Feb 2019 Visiting Associate Professor, Medtech Link Center, Chiba University Apr 2019 Appointed Executive Vice President and Director, Iris Co., Ltd. (current) Apr 2019 Clinical Associate Professor, Faculty of Medicine, Tokyo Medical and Dental University Aug 2019 Appointed Outside Director of the Company (current) Apr 2020 Specially Appointed Professor, Digital Hollywood University Graduate School (current) Apr 2022 Clinical Professor, Faculty of Medicine, Institute of Science Tokyo (current)
1981-06-19
Kusako SUGAWARA
Director
Dec 2018 Registered as attorney; joined a law firm in Tokyo Mar 2021 Appointed Contract Attorney, Public Relations Office, Tokyo Bar Association Oct 2021 Joined BACeLL Law & Accounting Office Aug 2023 Appointed Outside Director of the Company (current) Apr 2026 Appointed Corporate Auditor, SD Tech Co., Ltd. (current)
1989-03-28
Keiichi MINOWA
Full-time Corporate Auditor
Dec 2000 Registered as judicial scrivener; opened Minowa Judicial Scrivener Office (now Judicial Scrivener MF Partners), as Head Oct 2019 Appointed Full-time Corporate Auditor of the Company (current) Nov 2019 Appointed Corporate Auditor, Okamura Corporation (current) Jun 2021 Appointed Corporate Auditor, Noeechi Yakuhin Co., Ltd. (current) Jan 2024 Appointed Corporate Auditor, Milteru Co., Ltd. Mar 2025 Appointed Corporate Auditor, Yoshimi Dental Instrument Store Co., Ltd. (current)
1968-11-19
Yasumasa NAKAMURA
Corporate Auditor
Apr 1994 Joined Tokio Marine & Fire Insurance Co., Ltd. (now Tokio Marine & Nichido Fire Insurance Co., Ltd.) Oct 2006 Registered as attorney and judicial scrivener; appointed Representative Partner, Nihonbashi Joint Judicial Scrivener Office (current) Aug 2007 Appointed Outside Corporate Auditor of the Company (current) Nov 2009 Appointed Representative Partner, NY Legal Partners (current)
1971-05-30
Toshiharu TAKA
Corporate Auditor
Apr 1995 Joined The Long-Term Credit Bank of Japan, Ltd. (now SBI Shinsei Bank, Ltd.) Apr 1999 Registered as Certified Public Accountant Dec 1999 Joined Tohmatsu & Co., Tokyo Office (now Deloitte Tohmatsu LLC) Oct 2014 Opened Toshiharu Taka Accounting Office Dec 2014 Registered as Certified Tax Accountant Mar 2015 Appointed Corporate Auditor, Green Earth Institute Co., Ltd. (current) May 2016 Appointed Auditor, Japan BPO Association (current) Apr 2017 Appointed Corporate Auditor, Repertoire Genesis Co., Ltd. (current) Aug 2018 Appointed Outside Corporate Auditor of the Company (current) Apr 2021 Appointed Auditor, Shibuya Font Association (current) Mar 2022 Appointed Corporate Auditor, Milteru Co., Ltd. Apr 2022 Appointed Auditor, Wireless Power Transmission Practical Application Consortium (current) Nov 2022 Appointed Corporate Auditor, Nodex Co., Ltd. (current) Oct 2023 Appointed Auditor, Japan Co-Creation Business Development Association (current) Mar 2025 Appointed Corporate Auditor, NovAccel Co., Ltd. (current) Apr 2025 Appointed Corporate Auditor, FREST Co., Ltd. (current) Nov 2025 Appointed Corporate Auditor, Sakamoto Jidosha Co., Ltd. (current)
1973-01-13
Yuko KUWATA
Corporate Auditor
Oct 2013 Joined Yamada & Partners Tax Corporation Jul 2018 Joined Enman Inheritance Tax Corporation Feb 2019 Appointed Partner, Enman Inheritance Tax Corporation (current) Aug 2023 Appointed Outside Corporate Auditor of the Company (current)
1988-02-19
Large Shareholding Reports
Dai HIRAKAWA
2025-11-11
7.25%→8.23%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-05-31): 9.58%
Dai HIRAKAWA
2025-10-31
7.25%→8.23%
Annual report (as of 2026-05-31): 9.58%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Q1 Earnings Flash
FY ending May 2027
EDINET
2026-08-26
Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2026-07-15
Full-Year Earnings Flash
FY ending May 2026
TDnet
2026-04-14
Q3 Earnings Flash
FY ending May 2026
EDINET
2026-01-14
Semi-Annual Securities Report
Period: Jun 2025 – May 2026
EDINETAmended
2025-11-11
Change Report
EDINET
2025-10-31
Large Shareholding Report
TDnet
2025-10-15
Q1 Earnings Flash
FY ending May 2026
EDINET
2025-08-27
Annual Securities Report
Period: Jun 2024 – May 2025
EDINETAmended
2025-06-30
Amended Securities Registration Statement
EDINET
2025-06-26
Securities Registration Statement
TDnet
2025-04-18
Q3 Earnings Flash
FY ending May 2025
EDINET
2025-01-14
Semi-Annual Securities Report
Period: Jun 2024 – Nov 2024
TDnet
2024-10-15
Q1 Earnings Flash
FY ending May 2025
EDINETAmended
2024-09-04
Amended Annual Securities Report
Period: Jun 2023 – May 2024
EDINET
2024-08-30
Annual Securities Report
Period: Jun 2023 – May 2024
EDINET
2024-04-15
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-01-15
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-08-31
Annual Securities Report
Period: Jun 2022 – May 2023
EDINET
2023-04-14
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINET
2023-01-16
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-08-31
Annual Securities Report
EDINET
2022-04-14
Quarterly Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-14
Quarterly Securities Report
EDINET
2021-08-31
Annual Securities Report
EDINET
2021-04-14
Quarterly Securities Report
EDINET
2021-01-14
Quarterly Securities Report
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