Overview
Services

Artra Group Corporation

Artra Group Corporation provides comprehensive management support and business solutions for acupuncture clinics and osteopathic (judo therapy) clinics in Japan. Its core services include the 'Honetsugi' franchise chain, insurance billing agency services (A-COMS system), equipment and consumables sales, retail support platform (HONEY-STYLE), and educational seminars through Atora Academy. The company also operates adjacent businesses including a day-care franchise for elderly care (Honetsugi Day Service) and 24-hour fitness gyms (OneThird Fitness), leveraging synergies with its core clinic network.

Market Cap
¥1.90B
US$12.1M
EV
¥0.79B
US$5.01M
Stock¥185▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.7
x
LTM EV/EBIT
4.0
x
LTM PER
19.4
x
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-9.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Dec 22, 25Milestone Capital reports 30.67% stake
MC → EV Bridge
1.90BUS$12.1MMarket Cap0.76BUS$4.82M+ Debt1.18BUS$7.54M− Cash0.69BUS$4.38M− Inv. Sec.0.79BUS$5.01MEV
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Performance & Balance
Revenue 5Y (¥B)
3.16US$20.1M'21/124.67US$29.8M'22/124.50US$28.7M'23/124.23US$27.0M'24/123.93US$25.0M'25/12
EBITDA 5Y (¥B)
-0.09-US$0.58M'21/120.14US$0.88M'22/120.19US$1.22M'23/120.16US$1.02M'24/120.25US$1.57M'25/12
Net Income 5Y (¥B)
-0.35-US$2.24M'21/120.00US$0.01M'22/120.05US$0.34M'23/12-0.04-US$0.23M'24/120.26US$1.65M'25/12
Capital Structure
69%
31%
EquityD/E 0.46xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.60US$16.6M2.43US$15.5M'21/121.98US$12.6M1.91US$12.2M'22/121.84US$11.8M1.54US$9.79M'23/121.75US$11.1M1.29US$8.20M'24/121.82US$11.6M1.06US$6.78M'25/12
Shareholders
Top 10 hold 48.5%
1
Midorikai General Incorporated Association
21.73%
2
Hiroyuki KUSE
5.72%
3
Remedia Co., Ltd.
4.98%
4
Nomura Securities Co., Ltd.
4.34%
5
Toru KATADA
2.47%
6
Masanori OMIYA
2.32%
7
Hideyuki IZU
1.98%
8
Rakuten Securities, Inc. (Joint Account)
1.74%
9
Endeavor Partners Co., Ltd.
1.65%
10
Shizuo KINUGAWA
1.62%
Management
9 officers
Hiroyuki KUSE
Representative Director, Chairman and President; in charge of A-COMS Business Division; General Manager, President's Office
Apr 2000 Opened Hachimanya Seikotsuin (osteopathic clinic) Jan 2005 Established Atra Co., Ltd. (now the Company), Representative Director Jan 2018 Director, Atra Finance Co., Ltd. Mar 2018 Director, Atra Care Co., Ltd. Mar 2021 Chairman, Director, the Company Mar 2021 Director, Atra Planning Co., Ltd. Dec 2021 Director, Pelican Co., Ltd. (current) Dec 2021 Representative Director, Chairman and President, the Company (current) Mar 2022 In charge of Acupuncture and Osteopathic Clinic Support Division, the Company Dec 2022 Representative Director, Atra Planning Co., Ltd. Jan 2023 General Manager, Acupuncture and Osteopathic Clinic Support Division, the Company Jul 2024 In charge of Honetsugi Chain Business Division, the Company Jul 2024 In charge of Sales Department, the Company Oct 2024 In charge of A-COMS Business Division, the Company (current) Oct 2024 In charge of First Sales Department, the Company Oct 2024 In charge of Second Sales Department, the Company Jan 2025 General Manager, President's Office, the Company (current)
1973-05-08
Katsunori TANAKA
Director; in charge of Accounting and Finance Department; General Manager, General Affairs and Human Resources Department
Apr 1997 Joined JA Osaka Nakakawachi Oct 2005 Joined Atra Co., Ltd. (now the Company) Feb 2006 Director, the Company (current) Feb 2015 In charge of Sales Department, the Company Jan 2018 Representative Director, Atra Finance Co., Ltd. (current) Mar 2018 Representative Director, Atra Care Co., Ltd. Mar 2021 Director, Atra Care Co., Ltd. (current) Dec 2022 Director, Pelican Co., Ltd. (current) Mar 2023 In charge of Accounting and Finance Department, the Company (current) Mar 2023 In charge of General Affairs and Human Resources Department, the Company Mar 2023 Director, Atra Planning Co., Ltd. (current) Jul 2023 General Manager, General Affairs and Human Resources Department, the Company (current)
1974-09-30
Toru KATADA
Director; in charge of Development and Planning Department and Information Systems Department
Apr 1984 Joined Kansai Dental Laboratory Apr 1990 Established KDL Ltd., Representative Director May 2003 Director, Trinin Co., Ltd. Feb 2006 Director, Atra Co., Ltd. (now the Company) Apr 2014 General Manager, Management Strategy Office, the Company Feb 2015 In charge of Information Systems Department, the Company Apr 2017 In charge of IT Solutions Business Division, the Company Apr 2018 In charge of Medical Expense Claims Agency Department, the Company Dec 2021 Director, Pelican Co., Ltd. (current) Jan 2022 Director, Atra Finance Co., Ltd. (current) Mar 2022 Director, the Company (current) Mar 2022 In charge of Information Systems Department, the Company (current) Oct 2024 In charge of Development and Planning Department, the Company (current) Mar 2026 Director, Atra Planning Co., Ltd. (current)
1961-09-26
Munehiro ARATANI
Director; in charge of First Sales Department and Second Sales Department
Apr 1989 Joined Hiroshima Jimu Daiko Ltd. Jan 1992 Joined Hiroshima Sogo Service Co., Ltd. Jan 1992 Senior Managing Director, Hiroshima Sogo Service Co., Ltd. Apr 2003 Joined Sakura Kaigo Group Co., Ltd. Apr 2003 General Manager, Sales Department, Sakura Kaigo Group Co., Ltd. Apr 2004 Deputy President and Director, Sakura Kaigo Group Co., Ltd. Apr 2010 Joined Atra Co., Ltd. (now the Company) Feb 2015 General Manager, Sales Department, the Company Mar 2021 Director, Atra Care Co., Ltd. (current) Oct 2024 Executive Officer, the Company Mar 2025 Director, the Company (current) Mar 2025 In charge of First Sales Department, the Company (current) Mar 2025 In charge of Second Sales Department, the Company (current)
1963-07-18
Tomohiro NAKAMURA
Director
Oct 1990 Joined Sony Corporation (now Sony Group Corporation) Feb 2010 Joined MISUMI Corporation Jun 2012 Established Quantum Leap Asia Co., Ltd., Representative Director (current) Jan 2018 Executive Officer and CEO, Quantum Leap Co., Ltd. Jun 2022 Representative Director and President, Quantum Leap Co., Ltd. (current) Mar 2024 Director, AppBank Co., Ltd. (current) Mar 2026 Director, the Company (current)
1966-05-01
Kazuyoshi HAGIWARA
Director
Apr 1994 Joined Mitsubishi Corporation Jan 2001 Joined Sony Corporation (now Sony Group Corporation) Apr 2010 Established musica Inc., Representative Director and President (current) Apr 2015 Representative Director and President, nulo Inc. (current) Mar 2016 Representative Director and President, musica lab Inc. (current) Sep 2022 Partner, Quantum Leap Co., Ltd. (current) Mar 2024 Director, AppBank Co., Ltd. (current) Mar 2026 Director, the Company (current)
1971-01-22
Akio TAKADA
Director (Audit and Supervisory Committee Member)
Apr 1978 Appointed Public Prosecutor Apr 2002 Director, Special Investigation Department, Osaka District Public Prosecutors Office Dec 2005 Chief Public Prosecutor, Miyazaki District Public Prosecutors Office Jan 2008 Retired as Public Prosecutor Apr 2008 Registered as Attorney-at-Law (Osaka Bar Association) Apr 2008 Managing Attorney, Akio Takada Law Office (current) Jun 2008 Outside Audit & Supervisory Board Member, Nihon Conveyor Co., Ltd. Jun 2011 Outside Audit & Supervisory Board Member, H&F Co., Ltd. Mar 2015 Outside Director, the Company Jun 2015 Outside Director, Nihon Conveyor Co., Ltd. Apr 2016 Outside Director (Audit and Supervisory Committee Member), NC Holdings Co., Ltd. Mar 2017 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1948-10-17
Jun IWATA
Director (Audit and Supervisory Committee Member)
Mar 1992 Joined Aoyama Audit Corporation (now PwC Japan LLC) Oct 1999 Joined Price Waterhouse Tax Office (now PwC Tax Japan) Sep 2001 Established Iwata CPA Office, Head (current) Jun 2005 Outside Audit & Supervisory Board Member, Marche Co., Ltd. (current) Aug 2007 Outside Audit & Supervisory Board Member, Dawn Co., Ltd. Oct 2008 Established BTJ Tax Corporation, Representative Partner (current) Jan 2010 Outside Audit & Supervisory Board Member, the Company Mar 2010 Established D Capital Co., Ltd., Representative Director (current) Jun 2011 Outside Audit & Supervisory Board Member, MAC Office Co., Ltd. Aug 2011 Outside Director, Dawn Co., Ltd. Aug 2016 Director, Dawn Co., Ltd. (current) Mar 2017 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1969-12-23
Yoshifumi OKUMURA
Director (Audit and Supervisory Committee Member)
Apr 1995 Joined Okumura Shipbuilding Industry Co., Ltd. Sep 1997 Joined Imai Accounting Office Aug 2000 Joined Price Waterhouse Tax Office (now PwC Tax Japan) Nov 2004 Seconded to Eli Lilly Japan K.K. Aug 2006 Head, Yoshifumi Okumura Tax Accountant Office Jan 2010 Outside Audit & Supervisory Board Member, the Company Jul 2015 Partner, BTJ Tax Corporation (current) Mar 2017 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1971-01-11
Large Shareholding Reports
Milestone Capital Management Co., Ltd.
2026-10-20
27.16%→26.91%
Milestone Capital Management Co., Ltd.
2026-10-14
28.17%→27.16%
Milestone Capital Management Co., Ltd.
2026-09-24
29.25%→28.17%
Milestone Capital Management Co., Ltd.
2026-08-05
30.67%→29.62%
Milestone Capital Management Co., Ltd.
2026-07-13
30.67%→30.67%
Remedia Co., Ltd.
2026-07-09
5.00%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 4.98%
Remedia Co., Ltd.
2026-07-08
5.00%
Annual report (as of 2026-06-30): 4.98%
Milestone Capital Management Co., Ltd.
2026-01-08
30.67%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-20
Large Shareholding Report
EDINET
2026-10-14
Large Shareholding Report
EDINET
2026-09-24
Large Shareholding Report
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-08-05
Large Shareholding Report
EDINET
2026-07-13
Large Shareholding Report
EDINETAmended
2026-07-09
Change Report
EDINET
2026-07-08
Large Shareholding Report
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-01-08
Large Shareholding Report
EDINETAmended
2025-12-24
Amended Securities Registration Statement
EDINET
2025-12-19
Securities Registration Statement
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-04-04
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-30
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Securities Registration Statement
EDINET
2022-05-13
Quarterly Securities Report
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