Overview
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Convano Inc.

CONVANO Inc. operates a chain of nail salons primarily under the 'FASTNAIL' brand, offering low-cost, high-speed gel nail services through a proprietary self-order system and streamlined operations, with 62 stores across Japan as of March 2025. Beyond its core nail salon business, the company has diversified into healthcare (wholesale/sales of medical materials and medical DX solutions via subsidiary Thinks Healthcare) and investment/M&A advisory services (via Toranomon Capital). The company also sells its own nail and hand care product brands 'Legaly' and 'CONST' through retail and e-commerce channels.

Market Cap
¥48.4B
US$308M
EV
¥48.0B
US$306M
Stock¥97▼-5.83%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
13.5
x
LTM EV/EBIT
14.8
x
LTM PER
NM
LTM PBR
4.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-69.7%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 24, 26Board approved share buyback
2Oct 19, 26Board approved share buyback
3Oct 20, 26Progress update on treasury share buyback from a specific shareholder (disclosed Oct 16)
MC → EV Bridge
48.4BUS$308MMarket Cap2.38BUS$15.2M+ Debt2.74BUS$17.5M− Cash0.00BUS$0.00M− Inv. Sec.48.0BUS$306MEV
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Performance & Balance
Revenue 5Y (¥B)
2.14US$13.7M'22/32.33US$14.9M'23/32.59US$16.5M'24/33.24US$20.7M'25/315.4US$98.5M'26/3
EBITDA 5Y (¥B)
0.32US$2.02M'22/30.21US$1.34M'23/30.20US$1.29M'24/30.41US$2.63M'25/31.89US$12.0M'26/3
Net Income 5Y (¥B)
0.05US$0.33M'22/3-0.03-US$0.22M'23/3-0.20-US$1.27M'24/30.08US$0.50M'25/3-1.18-US$7.51M'26/3
Capital Structure
84%
EquityD/E 0.20xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.39US$2.50M1.13US$7.23M'22/30.40US$2.54M1.32US$8.43M'23/30.92US$5.89M0.82US$5.21M'24/30.81US$5.14M0.71US$4.50M'25/34.25US$27.1M1.81US$11.6M'26/3
Shareholders
Top 10 hold 85.0%
1
NT Co., Ltd.
61.55%
2
Dimensional Co., Ltd.
7.33%
3
Yu KAWAGUCHI
4.41%
4
Natsuki YAMASHITA
3.95%
5
Japan Beauty and Healthcare Growth Investment Fund No. 1 LPS
1.97%
6
Godfather Capital LLC
1.71%
7
Yasuhiro HORIUCHI
1.43%
8
Kaori HARA
1.03%
9
Tatsunori SAKA
0.85%
10
Taiyo HIGASHI
0.82%
Management
8 officers
Aya KAMISHIGEN
Representative Director, President
Dec 2010: Joined former Convano Co., Ltd. (now the Company), Sales Department; assigned to Fast Nail Ginza store May 2011: Store Manager, Fast Nail Omiya store, Sales Department, the Company Mar 2015: Supervisor, Sales Department, the Company Jan 2017: Group Leader, Training Department, the Company Apr 2019: Group Leader, Administration Department, the Company Jul 2022: Group Leader, Management Planning Office, the Company Nov 2022: Executive Officer in charge of Sales Department and Human Resources Education Department, the Company Jun 2023: Representative Director, President, the Company (current)
1982-03-23
Yusuke FUNAKOSHI
Director and Vice President
1985-06-05
Shuhei YOKOYAMA
Director
Apr 2006: Joined Atelier Haruka Co., Ltd. Dec 2007: Joined former Convano Co., Ltd. (now the Company) Apr 2015: Executive Officer and General Manager, Sales Department, the Company Jun 2018: Executive Officer and Head of Business Development Office, the Company Jun 2019: Director, Chief Business Development Officer, and General Manager, Product and Business Development Department, the Company; Director, femedia Inc. Jan 2020: Director, Chief Operating Officer (COO), and General Manager, Store Development and FC Business Department, the Company May 2020: Director, COO, and General Manager, First Sales Department, the Company Jun 2022: Director and Vice President, the Company; Representative Director, President, femedia Inc. Aug 2023: Head of Management Planning Office, the Company Apr 2024: Representative Director, President, Convano Consulting Inc. May 2025: Director, Convano Consulting Inc. (current) Jun 2026: Director, the Company (current)
1984-08-07
Riki IDAKA
Director
Nov 2004: Founded Oishii Kitchen as a sole proprietorship (now Oishii Kitchen Co., Ltd.) Dec 2006: Representative Director, Oishii Kitchen Co., Ltd. (current) Dec 2012: Representative Director, SMI Japan Co., Ltd. Oct 2021: Representative Director, Cathy Attractive Co., Ltd. Feb 2024: Director in charge of Business Promotion Department and Human Resources and General Affairs Department, the Company Mar 2024: Director, the Company (current) May 2024: Director, Thinks Healthcare Co., Ltd. (current); Director, M&A Techno Merge Consulting Co., Ltd. (now Toranomon Capital Co., Ltd.) (current) Feb 2025: Director, Convano Consulting Inc. (current) Apr 2025: Director, Asset Create Co., Ltd. Oct 2025: Director, DataStrategy Co., Ltd. (current) Feb 2026: Representative Director, Asset Create Co., Ltd. (current)
1978-02-07
Makoto SHIRAI
Outside Director
Oct 2003: Registered as attorney (Daiichi Tokyo Bar Association); joined Kowa Sogo Law Office Apr 2008: Securities Inspector, Securities Inspection Division, Kanto Local Finance Bureau, Ministry of Finance Apr 2010: Special Inspector, Securities Inspection Division, Securities and Exchange Surveillance Commission, Financial Services Agency Aug 2012: Re-registered as attorney (Daiichi Tokyo Bar Association); Partner, Kowa Sogo Law Office (current) Jun 2016: Outside Director, Right Kogyo Co., Ltd. (current) Jan 2018: Outside Director, Money Square Holdings Inc. (now Money Square HD Inc.) Jul 2018: Outside Corporate Auditor, Bitpoint Japan Co., Ltd. Jun 2024: Director, the Company (current) Jun 2025: Outside Director, Toyo Securities Co., Ltd. (current)
1976-09-22
Nobuo NAKAGAWA
Full-time Outside Corporate Auditor
Apr 1971: Joined Sanko Co., Ltd. May 1988: Managing Director, Yamani Miharuya Co., Ltd. May 1997: Director, Daiei Fort Enterprise Co., Ltd. (now Plaza Create Stores Co., Ltd.) Mar 2006: Corporate Auditor, Mode Two Co., Ltd. Jun 2015: Outside Corporate Auditor, the Company (current)
1948-11-03
Ryuzo TACHIBANA
Outside Corporate Auditor
Feb 2013: Joined Deloitte Touche Tohmatsu LLC Nov 2016: Joined J Will Partners Co., Ltd. Sep 2021: Representative, Corben LLC (current); Representative Director, Tachibanaya Co., Ltd. (current) Feb 2022: Representative, Tachibana Ryuzo Certified Tax Accountant Office (current) Oct 2023: Outside Corporate Auditor, the Company (current)
1991-01-22
Tomoya ARUGA
Corporate Auditor
Apr 1998: Joined CRC Research Institute Co., Ltd. (now Itochu Techno-Solutions Corporation) Jan 2006: Joined Richfield Tax Corporation Jul 2011: Representative, Tomoya Aruga Certified Tax Accountant Office (current) Sep 2022: Representative, Aruga Administrative Scrivener Office (current) Jun 2023: Outside Corporate Auditor, the Company Oct 2023: Director, the Company Apr 2024: Corporate Auditor, Convano Consulting Inc. (current) May 2024: Corporate Auditor, Thinks Healthcare Co., Ltd. (current); Corporate Auditor, M&A Techno Merge Consulting Co., Ltd. (now Toranomon Capital Co., Ltd.) (current) Jun 2025: Corporate Auditor, the Company (current)
1974-08-12
Large Shareholding Reports
NT Co., Ltd.
2026-09-10
72.28%→61.49%
Annual report (as of 2026-03-31): 61.55%
Dimensional Co., Ltd.
2026-01-21
7.32%→9.29%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2026-01-20
9.02%→10.99%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-11-25
9.02%→7.32%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-11-25
9.02%→9.02%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-11-10
10.14%→9.02%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-10-29
10.12%→10.14%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-10-28
11.32%→10.12%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-10-08
12.53%→11.32%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-24
4.37%→4.30%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-24
12.53%→11.32%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-10
13.80%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-10
13.80%→12.53%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-10
13.80%→13.80%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-10
—
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-10
13.80%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-09
13.80%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-09
18.09%→16.82%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-09
13.80%→13.80%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-09-02
13.80%→12.53%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-08-19
13.80%→13.80%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-07-29
13.80%→13.80%
Annual report (as of 2026-03-31): 7.33%
Dimensional Co., Ltd.
2025-07-29
13.80%
Annual report (as of 2026-03-31): 7.33%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-10
Large Shareholding Report
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-30
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2026-01-21
Change Report
EDINET
2026-01-20
Large Shareholding Report
EDINETAmended
2025-11-25
Change Report
EDINET
2025-11-25
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-10
Large Shareholding Report
EDINETAmended
2025-10-29
Change Report
EDINET
2025-10-28
Large Shareholding Report
EDINETAmended
2025-10-08
Change Report
EDINET
2025-09-24
Large Shareholding Report
EDINETAmended
2025-09-24
Change Report
EDINETAmended
2025-09-10
Change Report
EDINETAmended
2025-09-10
Change Report
EDINETAmended
2025-09-10
Change Report
EDINETAmended
2025-09-10
Change Report
EDINETAmended
2025-09-10
Change Report
EDINETAmended
2025-09-09
Change Report
EDINETAmended
2025-09-09
Change Report
EDINETAmended
2025-09-09
Change Report
EDINET
2025-09-02
Large Shareholding Report
EDINET
2025-08-19
Large Shareholding Report
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-07-29
Change Report
EDINET
2025-07-29
Large Shareholding Report
EDINETAmended
2025-07-04
Amended Securities Registration Statement
EDINET
2025-06-30
Securities Registration Statement
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