Overview
Services

CRG HOLDINGS CO.,LTD.

CRG Holdings is a Japan-based holding company operating across HR-related and financial services segments. Its core HR business, led by subsidiary Mirairu Co., Ltd., provides staffing, placement, and outsourcing services spanning white-collar (call center, office work), blue-collar (manufacturing, logistics), sales support, and IT engineer domains, complemented by manufacturing outsourcing via Protex Co., Ltd., disability employment support, and online interpretation/translation services. The Financial segment encompasses business lending (bill discounting, real estate-secured loans) and M&A advisory/investment through CRG Investment Co., Ltd.

Market Cap
¥1.73B
US$11.1M
EV
¥1.15B
US$7.32M
Stock¥311▼-1.27%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.0
x
LTM EV/EBIT
5.1
x
LTM PER
24.1
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-25.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 6, 25Activist investor buying increase
MC → EV Bridge
1.73BUS$11.1MMarket Cap3.37BUS$21.5M+ Debt2.65BUS$16.9M− Cash1.31BUS$8.33M− Inv. Sec.1.15BUS$7.32MEV
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Performance & Balance
Revenue 5Y (¥B)
19.5US$124M'21/921.4US$136M'22/920.8US$133M'23/917.1US$109M'24/916.4US$105M'25/9
EBITDA 5Y (¥B)
0.44US$2.80M'21/90.54US$3.47M'22/90.19US$1.21M'23/90.17US$1.06M'24/90.41US$2.62M'25/9
Net Income 5Y (¥B)
0.31US$1.96M'21/90.29US$1.83M'22/90.04US$0.28M'23/9-0.37-US$2.35M'24/90.15US$0.98M'25/9
Capital Structure
47%
53%
EquityD/E 1.13xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.20US$14.0M0.38US$2.40M'21/92.82US$18.0M0.51US$3.25M'22/93.32US$21.2M1.85US$11.8M'23/93.05US$19.5M8.48US$54.1M'24/94.63US$29.5M4.50US$28.7M'25/9
Shareholders
Top 10 hold 78.0%
1
Hiroshi INOUE
27.60%
2
Redrock Co., Ltd.
26.90%
3
Takashi FURUSAWA
11.65%
4
TRM Co., Ltd.
3.59%
5
Kimihito MIZUMOTO
2.85%
6
SBI SECURITIES Co., Ltd.
1.83%
7
Rakuten Securities, Inc. (Joint Account)
1.16%
8
Koki SAKASHITA
0.82%
9
Yasuhiro ODA
0.81%
10
Manami SUZUKI
0.79%
Management
8 officers
Hiroshi INOUE
Chairman of the Board, Director
Apr 1993 Established Zillion Co., Ltd. (now Redrock Co., Ltd.); assumed position of Representative Director (current) Jun 1996 Established Cyber System Co., Ltd.; assumed position of Representative Director Jun 1996 Established C-Cast Co., Ltd.; assumed position of Representative Director Mar 2001 Established Zillion Career Link Co., Ltd. (now Mirail Co., Ltd.); assumed position of Representative Director, President Jun 2010 Established CR Telecom Co., Ltd. (now Mirail Co., Ltd.); assumed position of Representative Director Mar 2011 Established CR Transport Co., Ltd. (now Mirail Co., Ltd.); assumed position of Representative Director, Chairman Aug 2012 Established SORANOTE Co., Ltd.; assumed position of Representative Director Oct 2013 Established the Company; assumed position of Representative Director, Chairman Oct 2013 Assumed position of Representative Director, Chairman of Castinglord Co., Ltd. (now Mirail Co., Ltd.) Sep 2014 Established E.N.P. Co., Ltd.; assumed position of Representative Director Dec 2019 Assumed position of Director, Chairman of the Company (current)
1956-08-14
Yasuhiro ODA
Representative Director, President
Jul 2012 Joined Castinglord Co., Ltd. (now Mirail Co., Ltd.) Oct 2013 Assumed position of Representative Director of CRS Service Co., Ltd. (now Palette Co., Ltd.) Oct 2013 Assumed position of Director of CR.I Co., Ltd. (now Mirail Co., Ltd.) Oct 2015 Assumed position of Director of the Company Dec 2015 Assumed position of Director of Castinglord Co., Ltd. (now Mirail Co., Ltd.) Oct 2016 Assumed position of Senior Executive Director, General Manager of Administration Division and CFO of the Company Dec 2018 Assumed position of Managing Director, General Manager of Administration Division of the Company Feb 2021 Established CRG Investment Co., Ltd.; assumed position of Representative Director Dec 2022 Assumed position of Director of Oshieteo Co., Ltd. Apr 2024 Assumed position of Representative Director, President of the Company (current) May 2024 Assumed position of Director of Crayrish Co., Ltd.
1971-04-10
Fuminori MITSUNAMI
Director
Jan 2014 Assumed position of Representative Director of Jobs Co., Ltd. (now Mirail Co., Ltd.) Oct 2015 Assumed position of Representative Director of Protex Co., Ltd. (current) Jun 2017 Assumed position of Executive Officer of the Company Oct 2017 Assumed position of Representative Director of CRS Service Co., Ltd. (now Palette Co., Ltd.) May 2021 Assumed position of Director of Palette Co., Ltd. (current) Oct 2024 Assumed position of Representative Director, President of Mirail Co., Ltd. (current) Dec 2024 Assumed position of Director of the Company (current)
1979-08-14
Junya HANDA
Outside Director
Apr 1987 Joined NCR Japan, Ltd. Jan 2000 Joined Sybase K.K. Jun 2001 Joined KVH Co., Ltd. (now Colt Technology Service Co., Ltd.) Jun 2004 Joined I.M.J. Corporation May 2007 Joined Gurunavi, Inc. Mar 2008 Assumed position of Executive Officer of Gurunavi, Inc. Jun 2013 Joined Members Co., Ltd.; assumed position of Executive Officer Dec 2016 Assumed position of Outside Director of the Company (current)
1965-03-24
Naosuke YOSHIHARA
Outside Director
Apr 1977 Joined Nomura Securities Co., Ltd. Jul 2001 Joined Ace Securities Co., Ltd. Feb 2006 Joined Takara Printing Co., Ltd. (now TAKARA & COMPANY, Inc.) Jul 2006 Assumed position of Executive Officer of Takara Printing Co., Ltd. (now TAKARA & COMPANY, Inc.) Jul 2013 Assumed position of Managing Executive Officer of Takara Printing Co., Ltd. (now TAKARA & COMPANY, Inc.) Aug 2019 Assumed position of Outside Director of Regolith Co., Ltd. (now Spider Plus Inc.) Dec 2019 Assumed position of Outside Director of the Company (current)
1954-02-20
Tsutomu OKANO
Full-time Corporate Auditor
Apr 1994 Joined Yamashin Co., Ltd. Feb 1996 Joined Zillion Co., Ltd. (now Redrock Co., Ltd.) Nov 2009 Joined Castinglord Co., Ltd. (now Mirail Co., Ltd.) Apr 2015 Assumed position of Full-time Corporate Auditor of the Company (current) Dec 2015 Assumed position of Corporate Auditor of Castinglord Co., Ltd. (now Mirail Co., Ltd.) Oct 2019 Assumed position of Corporate Auditor of Palette Co., Ltd. (current) Dec 2022 Assumed position of Corporate Auditor of Oshieteo Co., Ltd. (current) Oct 2024 Assumed position of Corporate Auditor of Mirail Co., Ltd. (current)
1971-10-03
Ryosuke NAGAI
Corporate Auditor
Apr 2003 Joined Chuo Aoyama Audit Corporation (now EY ShinNihon LLC) Dec 2007 Joined Abeam Consulting Ltd. Mar 2009 Transferred to Abeam M&A Consulting Co., Ltd. (now PwC Advisory LLC) May 2012 Established Stand by C Japan Inc.; assumed position of Representative Director (current) Jul 2013 Joined ShinNihon LLC (now EY ShinNihon LLC) Apr 2015 Established E-FAS Inc.; assumed position of Representative Director Apr 2015 Established Anywhere Inc.; assumed position of Representative Director Dec 2015 Assumed position of Outside Corporate Auditor of the Company (current) Jul 2019 Assumed position of Director of Stand by C Inc. (current) Mar 2021 Assumed position of Corporate Auditor of Giftmall Co., Ltd. (current) Sep 2021 Assumed position of Corporate Auditor of Specific Co., Ltd. (now HANDICAP CLOUD Inc.) (current) May 2025 Assumed position of Corporate Auditor of Skyfield Holdings Co., Ltd. (current)
1981-03-29
Masahiko SHIMA
Corporate Auditor
Apr 1983 Joined Asahi Mutual Life Insurance Company Apr 2002 Joined ORIX Trust & Banking Corporation (now ORIX Bank Corporation) Feb 2005 Joined Tokyo Star Bank, Limited Apr 2010 Joined Ministry of Economy, Trade and Industry Jan 2018 Assumed position of Outside Corporate Auditor of the Company (current) Sep 2020 Assumed position of Corporate Auditor of Tsukurink Co., Ltd. (current)
1960-01-22
Large Shareholding Reports
Hiroshi INOUE
2026-10-19
28.07%→27.60%
Annual report (as of 2026-03-31): 27.60%
Hiroshi INOUE
2026-10-19
—
Annual report (as of 2026-03-31): 27.60%
Hiroshi INOUE
2026-10-05
27.60%
Annual report (as of 2026-03-31): 27.60%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-10-19
Change Report
EDINET
2026-10-19
Large Shareholding Report
EDINET
2026-10-05
Large Shareholding Report
TDnet
2026-08-14
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-15
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
TDnet
2026-02-13
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-24
Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-08-14
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-15
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnetAmended
2025-05-15
Q1 Earnings Flash
FY ending Sep 2025
TDnet
2025-02-14
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-26
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-25
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-22
Annual Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-12-23
Annual Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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