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Overview

Services

ELAN Corporation

ELAN is a pioneer in hospital and care facility admission support services in Japan, providing the 'CS (Care Support) Set' — a bundled daily-rate service combining rental and laundry of clothing/towels with the supply of daily necessities for inpatients and care facility residents. The service enables patients and their families to be admitted 'hands-free,' eliminating the burden of managing laundry and daily supplies during hospitalization or care stays. ELAN operates through a network of over 2,570 contracted hospitals and care facilities across Japan, achieving a contract renewal rate of 96.3%, and coordinates with linen supply vendors and facility staff to deliver its services.

Market Cap

¥44.4B

US$283M

¥37.0B

US$236M

Stock¥734▲+1.66%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

6.7

LTM EV/EBIT

7.5

LTM PER

14.1

LTM PBR

2.9

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-29.2%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Feb 5, 26Annual earnings announcement

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

95%

EquityD/E 0.05xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 77.6%

as of 2026-06-30 · Source: Annual Securities Report

M3,Inc.

55.00%

Eiji SAKURAI

4.49%

Nobuhiro NAKAJIMA

4.00%

The Master Trust Bank of Japan, Ltd. (Trust Account)

3.19%

SAKURA Corporation Co., Ltd.

3.04%

Custody Bank of Japan, Ltd. (Trust Account)

2.46%

UH5 Co., Ltd.

1.54%

N-Style Co., Ltd.

1.37%

NORTHERN TRUST CO.(AVFC) RE IEDU UCITS CLIENTS NON LENDING 15 PCT TREATY ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)

1.36%

HIKARI TSUSHIN KK Investment Limited Liability Partnership

1.15%

Management

10 officers

Tomohiro MINEZAKI

Representative Director, President, Executive Officer and CEO

Apr 1997: Joined Nakajima Yuzo Tax Accountant Office Dec 1999: Joined I.S.O Co., Ltd. Aug 2003: Joined the Company Jan 2009: General Manager, Sales Department, the Company Jul 2011: Director and General Manager, Sales Department, the Company Jan 2018: Director and General Manager, Business Division, the Company Sep 2018: Director, Elan Service Co., Ltd. Jan 2020: Director and General Manager, Sales Division, the Company Mar 2020: Executive Officer, the Company Mar 2021: Managing Director and General Manager, Operations Management Division; Managing Executive Officer, the Company Mar 2022: Representative Director, President, Executive Officer and COO; General Manager, Operations Management Division, the Company Apr 2022: Representative Director, President, Executive Officer and COO, the Company Mar 2025: Representative Director, President, Executive Officer and CEO, the Company (current)

1972-09-07

Akira ISHIZUKA

Director, Executive Officer, CSO and General Manager, Management Strategy Division

Aug 2005: Director, Medical Care Service Co., Ltd. Mar 2010: Managing Director, Medical Care Service Co., Ltd. Mar 2016: Managing Director, Sanko Sofuran Co., Ltd. Oct 2016: Executive Officer, Real World Co., Ltd. (now Digital Plus Co., Ltd.) Apr 2017: CFO and Executive Officer, Real World Co., Ltd. Dec 2017: Director and CFO, Real World Co., Ltd. Apr 2019: Joined the Company Jul 2019: General Manager, General Affairs and Human Resources Division, the Company Jan 2020: General Manager, Management Strategy Division, the Company Mar 2020: Executive Officer, the Company Dec 2021: Outside Director, Classico Co., Ltd. (current) Mar 2022: Director, Executive Officer, CSO and General Manager, Management Strategy Division, the Company (current) Jan 2023: Representative Director and President, Elan Rule Co., Ltd. (current)

1970-08-08

Yoichi KAMIJO

Director, Executive Officer, CFO and General Manager, Administration Division

Apr 1995: Joined Dai-Ichi Kangin Information Systems Co., Ltd. (now Mizuho Research & Technologies, Ltd.) Oct 1999: Joined Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Apr 2003: Registered as Certified Public Accountant Oct 2015: Joined the Company Nov 2015: General Manager, Business Division, the Company Aug 2016: Joined PwC Arata LLC (now PwC Japan LLC) Aug 2017: Joined Deloitte Touche Tohmatsu LLC Jul 2019: Joined Able Co., Ltd. (now B-Able Inc.) Dec 2019: Joined the Company Jan 2020: General Manager, Business Management Department, the Company Apr 2021: Director, Ryukyu Elan Co., Ltd. (current) Jan 2024: Deputy General Manager, Administration Division, the Company May 2024: Executive Officer, CFO and General Manager, Administration Division, the Company Mar 2025: Director, Executive Officer, CFO and General Manager, Administration Division, the Company (current) Sep 2025: Director, Elan Rule Co., Ltd. (current) Sep 2025: Director, Elan Logistics Co., Ltd. (current) Sep 2025: Director, GREEN LAUNDRY JOINT STOCK COMPANY (current) Sep 2025: Director, TMC VIET NAM TRADING AND SERVICE JOINT STOCK COMPANY (current)

1973-03-30

Yukiko MATSUMOTO

Director

Apr 2004: Joined CyberAgent, Inc. Apr 2007: Joined Mitsue Links Co., Ltd. Feb 2011: Joined M3, Inc. Nov 2016: Group Leader, New Business Platform, M3, Inc. Jun 2018: Director, M3 Career, Inc. (current) May 2021: Group Leader, Career Platform, and Group Leader, Business Succession Platform, M3, Inc. (current) May 2022: Managing Executive Officer, M3, Inc. (current) Aug 2022: Group Leader, Ecosystem Promotion, M3, Inc. (current) Mar 2025: Director, the Company (current)

1980-11-20

Naomi EMORI

Director

Apr 1980: Joined Kyoto First Red Cross Hospital Apr 1983: Joined Fukui Medical University Hospital; seconded to Toyama Medical and Pharmaceutical University Hospital Apr 1989: Deputy Head Nurse, Fukui Medical University Hospital Apr 1991: Head Nurse, Fukui Medical University Hospital Apr 2013: Deputy Director of Nursing, University of Fukui Hospital Apr 2015: Director of Nursing and Deputy Hospital Director, University of Fukui Hospital Jun 2019: Regional Director, Japanese Nursing Association; President, Fukui Prefectural Nurses Association Mar 2020: Outside Director, the Company (current)

1959-02-21

Yusuke KANO

Director, Full-time Audit and Supervisory Committee Member

Apr 1996: Joined Ono Sokki Co., Ltd. Jul 2001: Joined I.S.O Co., Ltd. Sep 2003: Joined the Company Nov 2016: General Manager, Corporate Planning Department, the Company Apr 2017: General Manager, Operations Management Department, the Company Jan 2018: General Manager, Business Development Department, the Company Jan 2020: General Manager, Operations Management Department, the Company Jan 2021: Deputy General Manager, Sales Division, and Executive Officer, the Company Apr 2022: Deputy General Manager, Business Development Division, and Executive Officer, the Company Jul 2022: General Manager, Business Development Division, and Executive Officer, the Company; Director, Ryukyu Elan Co., Ltd. Jul 2024: General Manager, Operations Management Division, and Executive Officer, the Company Sep 2025: Auditor, GREEN LAUNDRY JOINT STOCK COMPANY (current) Sep 2025: Auditor, TMC VIET NAM TRADING AND SERVICE JOINT STOCK COMPANY (current) Jan 2026: General Manager, Internal Audit Office, and Executive Officer, the Company Mar 2026: Director, Full-time Audit and Supervisory Committee Member, the Company (current)

1972-09-23

Hirofumi OBA

Director, Audit and Supervisory Committee Member

Apr 2005: Joined Mizuho Securities Co., Ltd. May 2010: Joined Fashion Walker Co., Ltd. Oct 2011: Executive Officer, Fashion Co. Lab Co., Ltd. Apr 2012: Representative Director, Zenryoku Co., Ltd. Apr 2013: Joined M3, Inc. Apr 2019: Executive Officer, M3, Inc. (current) Jun 2019: Auditor, M3 Career, Inc. (current); Director, M-Plus Co., Ltd. (current) Oct 2019: Auditor, CYC Co., Ltd. Jun 2020: Director (Audit and Supervisory Committee Member), CYC Co., Ltd. Sep 2020: Representative Director, Kenko Support Co., Ltd. (current) Apr 2022: Auditor, Suprim Co., Ltd. (current) Apr 2024: Auditor, M3 Technologies, Inc. (current) Mar 2025: Director, Audit and Supervisory Committee Member, the Company (current) Apr 2025: Auditor, e-Well Corporation (current) Jun 2026: Director, CYC Co., Ltd. (current)

1980-07-27

Naohide AIKAWA

Director, Audit and Supervisory Committee Member

Oct 2004: Joined Miura Law Office Sep 2007: Opened Aikawa Law Office; Head of the Office (current) Oct 2007: Part-time Lecturer, Faculty of Education, Shinshu University Apr 2011: Specially Appointed Associate Professor, Shinshu University Graduate School of Law Mar 2014: Outside Audit & Supervisory Board Member, the Company Mar 2020: Outside Director (Audit and Supervisory Committee Member), the Company (current) Apr 2024: Vice President, Nagano Bar Association

1977-09-17

Miho SAITO

Director, Audit and Supervisory Committee Member

Apr 1986: Joined Nomura Securities Co., Ltd. Mar 1988: Joined Credit Suisse Trust Limited Nov 1989: Joined Sparx Asset Management Co., Ltd. (now Sparx Group Co., Ltd.) Jun 1993: Completed MBA, J.L. Kellogg Graduate School of Management, Northwestern University Sep 1993: Joined Sparx Asset Management Co., Ltd. (now Sparx Group Co., Ltd.) Sep 1997: Joined Government of Singapore Investment Corporation Jan 2006: Joined Clay Finlay Inc. Nov 2009: Joined United Nations Joint Staff Pension Fund Jun 2024: Executive Officer, Capital Markets Division, Strategy Advisors Co., Ltd. Mar 2025: Outside Director (Audit and Supervisory Committee Member), the Company (current) Jun 2025: Outside Director, Yamaguchi Financial Group, Inc. (current); Outside Director, Toho Holdings Co., Ltd. (current)

1963-04-08

Futoshi MIURA

Director, Audit and Supervisory Committee Member

Oct 1986: Joined Chuo Accounting Office (audit firm) Aug 1991: Registered as Certified Public Accountant Aug 2007: Representative Partner, Shin Nihon & Co. (now EY Shin Nihon LLC) Aug 2010: Senior Partner, Shin Nihon & Co. Jul 2011: Director, Japan Venture Research Association Mar 2014: Chief Secretary, Governance Forum for Listed Company Directors (current) Feb 2024: Representative, M'sGA Partners Office (current) May 2024: Outside Director, Uokin Co., Ltd. (current) Jun 2024: Outside Director, MetaMoJi Corporation (current) Sep 2024: Outside Auditor, Lipps Inc. (current) Jan 2025: Senior Fellow, Accounting Education and Training Institute (current) Apr 2025: Member, Expert Committee on Monitoring of the National Stadium Operation Project (current) Jun 2025: Vice President, Tokyo Chapter, Japanese Institute of Certified Public Accountants (current) Jul 2025: Director, Japanese Institute of Certified Public Accountants (current) Nov 2025: Outside Director, Serak Inc. (current) Dec 2025: Outside Director, Business Coach Co., Ltd. (current) Mar 2026: Outside Director (Audit and Supervisory Committee Member), the Company (current)

1961-08-07

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-08-03

Semi-Annual Securities Report

Period: Jan 2026 – Dec 2026

ELAN Corporation

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ELAN Corporation

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