Overview
Information & Communication

eWeLL Co.,Ltd.

eWeLL provides cloud-based electronic medical record and business support SaaS solutions for home-visit nursing stations in Japan, centered on its flagship product 'iBow.' The company's service suite includes electronic charting, insurance billing (iBow Receipt), attendance management (iBow KINTAI), nursing care billing transmission, e-learning, and AI-powered tools for care planning and route optimization, all delivered on a subscription basis. By digitizing and streamlining administrative workflows, eWeLL enables visiting nurses to focus on patient care while increasing operational productivity and supporting the broader DX of Japan's home healthcare sector.

Market Cap
¥36.1B
US$230M
EV
¥33.3B
US$212M
Stock¥2,386▲+0.13%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
18.4
x
LTM EV/EBIT
19.6
x
LTM PER
30.0
x
LTM PBR
10.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-37.5%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 17, 25Disappointing Q3 earnings results
2Feb 26, 26Full-year guidance upward revision
3Aug 14, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
36.1BUS$230MMarket Cap0.00BUS$0.00M+ Debt2.81BUS$17.9M− Cash0.00BUS$0.00M− Inv. Sec.33.3BUS$212MEV
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Performance & Balance
Revenue 5Y (¥B)
1.19US$7.61M'21/121.60US$10.2M'22/122.07US$13.2M'23/122.57US$16.4M'24/123.39US$21.6M'25/12
EBITDA 5Y (¥B)
0.41US$2.64M'21/120.72US$4.62M'22/120.97US$6.17M'23/121.22US$7.75M'24/121.64US$10.5M'25/12
Net Income 5Y (¥B)
0.45US$2.86M'22/120.61US$3.90M'23/120.81US$5.15M'24/121.09US$6.94M'25/12
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.62US$3.94M0.18US$1.15M'21/121.08US$6.86M0.10US$0.61M'22/121.41US$9.01M0.09US$0.58M'23/121.97US$12.5M'24/122.86US$18.2M'25/12
Shareholders
Top 10 hold 80.5%
1
Takehito NAKANO
33.69%
2
Asako KITAMURA
16.39%
3
Custody Bank of Japan, Ltd. (Trust Account)
6.93%
4
iBow Co., Ltd.
5.68%
5
SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.)
4.54%
6
JP MORGAN CHASE BANK 380634 (Standing Proxy: Mizuho Bank, Ltd.)
3.70%
7
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.50%
8
JP MORGAN CHASE BANK 380802 (Standing Proxy: Mizuho Bank, Ltd.)
2.19%
9
NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN (CASHPB; Standing Proxy: Nomura Securities Co., Ltd.)
1.93%
10
Toru SHIMADA
1.91%
Management
8 officers
Takehito NAKANO
Representative Director, President
Apr 1991 Joined Sun Ace Co., Ltd. Jan 2012 Joined Partia Hirakata Higashi Funeral Hall Jun 2012 Founded the Company; assumed office of Representative Director, President Apr 2018 Assumed office of Chairman of the Board of Directors Oct 2018 Assumed office of Representative Director, President (current)
1973-09-16
Asako KITAMURA
Managing Director, Head of Customer Division
Jan 1998 Joined Angel Dust Co., Ltd. Aug 1999 Joined Planetary New Elian Co., Ltd. Aug 2001 Assumed office of Director, Du Bassé Co., Ltd. Apr 2004 Assumed office of Audit & Supervisory Board Member, Mizuho Facilities Co., Ltd. Jun 2007 Assumed office of Director, Vels Co., Ltd. Feb 2012 Assumed office of Representative Director, PNA Co., Ltd. Jul 2012 Joined the Company Oct 2012 Assumed office of Managing Director of the Company (current) Jan 2019 General Manager, Customer Division Feb 2020 General Manager, Administration Division Jan 2023 General Manager, Customer Division (current)
1976-10-25
Osamu URAYOSHI
Director, Head of Product Division
Apr 1984 Joined Jupiter Music Studio Co., Ltd. Dec 1987 Joined Video Sanmoll Co., Ltd. Jan 1995 Joined Information Strategy Research Institute (Apple Presen Center) May 1995 Joined Multitech Co., Ltd. Aug 1995 Joined Trans Cosmos Inc. Mar 1996 Joined Quark Japan K.K. Apr 2001 Joined Netpain Co., Ltd. Apr 2002 Joined Kouyousha Printing Co., Ltd. Apr 2005 Joined AVIS Technologies Co., Ltd. Jul 2009 Joined e-Net Solutions Co., Ltd. Mar 2019 Joined the Company Feb 2020 Assumed office of Director of the Company (current) Feb 2020 General Manager, Customer Division Jan 2021 General Manager, Product Division Apr 2021 General Manager, Customer Division Jan 2023 General Manager, Product Division (current)
1964-06-30
Tomoki MATSUSHITA
Outside Director
Jun 2008 Representative Director, Due Diligence Co., Ltd. Jun 2010 Director and Vice President, Tobira System Co., Ltd. May 2018 Director, Hinode Co., Ltd. Jun 2022 Vice President, Singular Perturbations Co., Ltd. (current) Mar 2024 Outside Director of the Company (current)
1977-04-24
Yoshihiro MASUDA
Full-time Audit & Supervisory Board Member
Apr 1991 Joined Daiwa Securities Co., Ltd. Apr 2020 Joined the Company Oct 2020 Assumed office of Full-time Audit & Supervisory Board Member of the Company (current)
1968-01-08
Haruyuki MATSUYAMA
Audit & Supervisory Board Member
Mar 1978 Registered as Certified Public Accountant Jun 1988 Assumed office of Partner, Chuo Audit Corporation Oct 1995 Opened Matsuyama CPA Office; Office Director (current) Jul 2014 Assumed office of Audit & Supervisory Board Member of the Company (current)
1949-02-14
Toshinori SHIMIZU
Audit & Supervisory Board Member
Apr 1996 Registered as attorney-at-law; joined Shimizu & Takamura Law Office Apr 2002 Partner, Shimizu & Takamura Law Office Jan 2003 Established Sun General Law Office (Legal Professional Corporation); Partner Jan 2011 Representative Partner, Sun General Law Office (current) Jun 2012 External Director, Osaka Prefecture Judo Therapists Association (Public Interest Incorporated Association) Apr 2016 Civil Mediation Commissioner, Osaka Summary Court Apr 2020 Outside Director, Colantotte Inc. (current) Mar 2022 Assumed office of Audit & Supervisory Board Member of the Company (current)
1966-10-14
Hiroshi SAITA
Audit & Supervisory Board Member
Dec 2008 Joined Yusei Audit Corporation (now Taiyo LLC Audit Corporation) Jan 2014 Registered as Certified Public Accountant Apr 2021 Established Helix Accounting Partners LLC; Representative Member (current) Mar 2026 Assumed office of Audit & Supervisory Board Member of the Company
1979-08-09
Large Shareholding Reports
Taketo NAKANO
2026-05-15
39.02%
Annual report (as of 2026-06-30): 33.69%
Taketo NAKANO
2026-04-08
39.63%→33.77%
Annual report (as of 2026-06-30): 33.69%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINETAmended
2026-05-15
Change Report
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-04-08
Large Shareholding Report
EDINET
2026-03-23
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Jun 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINETAmended
2022-09-08
Amended Securities Registration Statement
EDINETAmended
2022-08-31
Amended Securities Registration Statement
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