Overview
Information & Communication

Kusurinomadoguchi,Inc.

Kusuri no Madoguchi operates a healthcare platform business connecting patients, pharmacies, medical institutions, and nursing care facilities across Japan. Its core services include 'EPARK Kusuri no Madoguchi,' one of Japan's largest pharmacy search and prescription reservation portals covering approximately 70,000 pharmacies and drugstores, as well as a digital medication notebook app ('EPARK Okusuri Techo'), pharmaceutical procurement support services, and dead-stock drug matching platform ('Minna no Okusuri Bako'). The company also provides pharmacy management SaaS tools, AI-powered inventory ordering systems, online medication guidance, and dispensing audit systems, generating revenue through both recurring subscription/transaction-based fees and one-time consulting fees.

Market Cap
US$153M
¥24.4B
EV
US$139M
¥22.3B
StockUS$13.40(¥2,140)▲+3.93%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
5.1
x
LTM EV/EBIT
7.9
x
LTM PER
7.6
x
LTM PBR
2.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-52.3%pt
10012
Nov 13, 25 – Nov 13, 26StockTOPIX
1Jun 5, 26Board approved share buyback
2Aug 14, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
US$153M¥24.4BMarket CapUS$18.0M¥2.88B+ DebtUS$28.2M¥4.51B− CashUS$3.71M¥0.59B− Inv. Sec.US$0.70M¥0.11B+ NCIUS$139M¥22.3BEV
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Performance & Balance
Revenue 5Y (US$)
US$46.5M¥7.42B'23/3US$54.6M¥8.72B'24/3US$70.1M¥11.2B'25/3US$77.2M¥12.3B'26/3
EBITDA 5Y (US$)
US$11.5M¥1.84B'23/3US$15.1M¥2.40B'24/3US$20.4M¥3.26B'25/3US$26.2M¥4.19B'26/3
Net Income 5Y (US$)
US$2.45M¥0.39B'23/3US$5.45M¥0.87B'24/3US$12.7M¥2.03B'25/3US$18.5M¥2.95B'26/3
Capital Structure
80%
20%
EquityD/E 0.25xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$38.3M¥6.12BUS$0.78M¥0.12B'23/3US$92.1M¥14.7BUS$33.9M¥5.41B'24/3US$13.6M¥2.17BUS$0.45M¥0.07B'25/3US$35.0M¥5.60BUS$18.6M¥2.98B'26/3
Shareholders
Top 10 hold 76.0%
1
EPARK, Inc.
39.40%
2
SBI Innovation Fund No. 1
15.73%
3
NBSE Co., Ltd.
5.97%
4
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE (Standing Proxy: MUFG Bank, Ltd.)
3.32%
5
Keiichiro KINOSHITA
2.95%
6
Koji TSUTSUMI
2.89%
7
Ueda Yagi Tanshi Co., Ltd.
1.90%
8
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
1.37%
9
FreeBit Co.,Ltd.
1.26%
10
SBI SECURITIES Co., Ltd.
1.18%
Management
7 officers
Koji TSUTSUMI
Representative Director, President
Feb 1999 Joined Koshin Co., Ltd. (Mitsui Koshin) Feb 2000 General Manager, Internet Business Division, same company Apr 2002 General Manager, Network Business Division, same company Apr 2005 General Manager, OA Equipment Business Division, same company Apr 2006 General Manager, Solution Business Division, SBM Gourmet Solutions Co., Ltd. Sep 2010 Representative Director, President, same company Oct 2014 Director, Linac Co., Ltd. Oct 2014 Representative Director, Executive Vice President, EPARK Co., Ltd. Jun 2015 Director, the Company Sep 2016 Director, Executive Vice President, the Company Nov 2020 Representative Director, President, the Company (current)
1976-09-14
Hiroaki OKI
Full-time Corporate Auditor
Apr 1990 Joined The Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2000 Seconded to Tokyo Venture Capital Co., Ltd. (now Mizuho Capital Co., Ltd.) Feb 2004 Seconded to Mizuho Investors Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Oct 2011 Deputy General Manager, Securities and Trust Coordination Department, Mizuho Bank, Ltd. Jul 2014 General Manager, Coordination Management Department, Mizuho Securities Co., Ltd. May 2018 Senior Advisor, Business Audit Department, Mizuho Bank, Ltd. Dec 2020 Corporate Auditor, the Company (current)
1967-05-27
Nobuaki TANAKA
Representative Director, Chairman
Aug 1995 Established Reset Co., Ltd. (limited company), assumed office as Director Jun 1996 Director, Dream Train Internet Inc. May 2000 Established Freebit.com Co., Ltd. (now Freebit Co., Ltd.), assumed office as Representative Director, Executive Vice President May 2011 Representative Director, President, Full Speed Co., Ltd. Jun 2012 Director, Chairman, Gigaprise Inc. Jul 2012 Representative Director, Four-it Co., Ltd. Jun 2013 Representative Director, Beccom Internet Co., Ltd. Feb 2015 Director, Chairman, Full Speed Co., Ltd. Feb 2015 Representative Director, President, Freebit Co., Ltd. Mar 2015 Representative Director, President, Dream Train Internet Inc. May 2015 Director, Chairman, Four-it Co., Ltd. Nov 2015 Director, Go Japan Co., Ltd. Sep 2016 Representative Director, President, the Company Aug 2017 Representative Director, Chairman, Medical Information Infrastructure Co., Ltd. Jul 2018 Director, Full Speed Co., Ltd. Sep 2018 Representative Director, President, ALC Co., Ltd. Jan 2020 Representative Director, Japan Business Succession Entrepreneurs Co., Ltd. (now NBSE Co., Ltd.) (current) Apr 2020 Representative Director, Chairman, ALC Co., Ltd. May 2020 Director, Chairman, Freebit Co., Ltd. Nov 2020 Representative Director, Chairman, the Company (current) Feb 2021 Representative Director, Chairman, ALIVAL Co., Ltd. (now M&A Navi Co., Ltd.) (current) Apr 2021 Representative Director, Chairman, Alc Education Co., Ltd. (now ALC Co., Ltd.) Oct 2022 Representative Director, Chairman, Morita & Company Co., Ltd. (current) Sep 2023 Director, Outpace Co., Ltd. (now blankpad Co., Ltd.) Aug 2024 Representative Director, blankpad Co., Ltd. (current) Jun 2025 Representative Director, President, ALC Co., Ltd. (current)
1967-05-01
Junichi YAMAMOTO
Director
Apr 1992 Observer, University of Tsukuba Hospital Jun 1992 Resident, University of Tsukuba Hospital Oct 1993 Anesthesiology Staff, Tsuchiura Kyodo Hospital Oct 1994 Anesthesiology Staff, Iwaki City General Hospital Kyoritsu Hospital Oct 1995 Resident, University of Tsukuba Hospital Oct 1996 Anesthesiology Staff, Tsukuba Medical Center Hospital Apr 1998 Anesthesiology Staff, Iwaki City General Hospital Kyoritsu Hospital Apr 2006 Lecturer, Graduate School of Comprehensive Human Sciences, University of Tsukuba (current) Jun 2006 Deputy Head, Logistics Center, University of Tsukuba Hospital (current) Apr 2011 Head, Medical Device Management Center (now Clinical Engineering Department), University of Tsukuba Hospital (current) Apr 2013 Person Responsible for Medical Device Safety Management, University of Tsukuba Hospital (current) Apr 2018 Professor, University of Tsukuba Hospital (current) Mar 2022 Director, the Company (current)
1967-07-04
Takeyuki MURAOKA
Director
Apr 1998 Joined Konica Corporation Apr 2017 Seconded to Konica Minolta Japan, Inc. Apr 2019 Returned from secondment to Konica Minolta, Inc. Apr 2021 Joined Ministry of Health, Labour and Welfare, Medical Affairs Bureau (external secondment) May 2023 Ended external secondment to Konica Minolta, Inc.; concurrently assigned to Ministry of Health, Labour and Welfare, Medical Affairs Bureau Aug 2023 Ended concurrent assignment at Konica Minolta, Inc. (current) Jun 2024 Director, the Company (current)
1974-02-21
Kyota MATSUNAGA
Corporate Auditor
Apr 2000 Entered the Legal Training and Research Institute of the Supreme Court of Japan Oct 2000 Registered as attorney-at-law; joined Fuji Partners Law Office (current) Jun 2006 Part-time Corporate Auditor, Startia Inc. (now Startia Holdings Inc.) Mar 2009 Auditor, Medical Corporation Fusetsukai (current) Jun 2012 Outside Director, Startia Inc. (now Startia Holdings Inc.) Jun 2013 Part-time Corporate Auditor, Startia Inc. (now Startia Holdings Inc.) Sep 2021 Corporate Auditor, the Company (current) Mar 2022 Outside Director, AI CROSS Inc. (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Startia Holdings Inc. (current)
1972-05-11
Katsuhiro SUZUKI
Corporate Auditor
Dec 2013 Joined Arata Audit Corporation (now PwC Japan LLC) May 2023 Registered as Certified Public Accountant Jun 2023 Registered as Certified Tax Accountant Jul 2023 Representative, Shinjuku Chuo Accounting Office (current) Feb 2025 Outside Corporate Auditor, Equity Funding Co., Ltd. (current) Nov 2025 Outside Director (Audit and Supervisory Committee Member), and factory Inc. (current) Jun 2026 Corporate Auditor, the Company (current)
1984-01-11
Large Shareholding Reports
EPARK Co., Ltd.
2026-01-09
37.59%→39.27%
NBSE Co., Ltd.
2025-11-04
6.19%→6.09%
Annual report (as of 2026-03-31): 5.97%
ORIX Corporation
2025-10-09
8.50%→4.67%
Correction filing (name/detail fix only) — ratio carried over from the original filing
ORIX Corporation
2025-10-03
8.50%→4.67%
NBSE Co., Ltd.
2025-09-02
7.89%→6.19%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 5.97%
NBSE Co., Ltd.
2025-09-01
7.89%→6.19%
Annual report (as of 2026-03-31): 5.97%
EPARK Co., Ltd.
2025-09-01
28.55%→37.59%
NBSE Co., Ltd.
2025-08-29
27.98%→7.89%
Annual report (as of 2026-03-31): 5.97%
ORIX Corporation
2025-08-29
8.50%
NBSE Co., Ltd.
2025-08-06
28.96%→27.98%
Annual report (as of 2026-03-31): 5.97%
NBSE Co., Ltd.
2025-08-05
28.96%→27.98%
Annual report (as of 2026-03-31): 5.97%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-11-13
Semi-Annual Securities Report
Period: Apr 2026 – Mar 2027
TDnet
2026-11-13
Q2 Earnings Flash
FY ending Mar 2027
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-26
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-14
Full-Year Earnings Flash
FY ending Mar 2026
TDnet
2026-04-24
業績予想の修正
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-02-13
業績予想の修正
EDINET
2026-01-09
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-04
Large Shareholding Report
EDINETAmended
2025-10-09
Change Report
EDINET
2025-10-03
Large Shareholding Report
EDINET
2025-09-10
Securities Registration Statement
EDINETAmended
2025-09-02
Change Report
EDINET
2025-09-01
Large Shareholding Report
EDINET
2025-09-01
Large Shareholding Report
EDINET
2025-08-29
Large Shareholding Report
EDINET
2025-08-29
Large Shareholding Report
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-08-06
Change Report
EDINET
2025-08-05
Large Shareholding Report
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
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