Overview
Services

Smile Holdings Inc.

Smile Holdings is a Japan-based holding company operating primarily through its subsidiary Smile Project, which runs licensed nursery schools ('Kids Garden,' 'Kids Smile'), premium prep school-integrated childcare facilities ('KIDS GARDEN PREP SCHOOL'), after-school programs, swimming schools, and global schools, concentrated in the Greater Tokyo metropolitan area. The company offers proprietary early childhood education programs ('KID'S PREP. PROGRAM') alongside internationally recognized methodologies such as Montessori and the Reggio Emilia Approach, targeting families seeking high-quality early education. Beyond its core domestic education segment, the group is expanding into international education (global schools, overseas study support, nature tourism), postnatal care, and family support services as part of its evolution into a comprehensive personal care services provider.

Market Cap
¥8.61B
US$54.9M
EV
¥25.3B
US$161M
Stock¥2,687▲+0.26%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
21.2
x
LTM EV/EBIT
56.8
x
LTM PER
38.4
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-11.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 17, 25Strong Q3 earnings results
MC → EV Bridge
8.61BUS$54.9MMarket Cap21.9BUS$139M+ Debt5.18BUS$33.0M− Cash0.01BUS$0.08M− Inv. Sec.25.3BUS$161MEV
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Performance & Balance
Revenue 5Y (¥B)
10.7US$68.0M'22/311.9US$75.6M'23/312.9US$82.1M'24/313.7US$87.1M'25/314.5US$92.6M'26/3
EBITDA 5Y (¥B)
0.63US$4.00M'22/30.83US$5.30M'23/31.06US$6.75M'24/31.17US$7.48M'25/31.11US$7.08M'26/3
Net Income 5Y (¥B)
0.69US$4.38M'22/30.19US$1.20M'23/30.13US$0.84M'24/30.15US$0.96M'25/30.22US$1.40M'26/3
Capital Structure
22%
78%
EquityD/E 3.59xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
3.15US$20.1M5.11US$32.6M'22/32.83US$18.0M3.92US$25.0M'23/33.63US$23.1M4.01US$25.6M'24/34.69US$29.9M4.60US$29.3M'25/35.73US$36.5M6.59US$42.1M'26/3
Shareholders
Top 10 hold 79.9%
1
AM Company Co., Ltd.
46.80%
2
Masafumi NAKANISHI
22.77%
3
Ueda Yagi Tanshi Co., Ltd.
2.90%
4
Ayumi NAKANISHI
2.34%
5
Keiichiro KINOSHITA
1.45%
6
Shigenori KONUMA
1.32%
7
Masatoshi KAMIYA
0.79%
8
SBI SECURITIES Co., Ltd.
0.67%
9
BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD (Standing Proxy: MUFG Bank, Ltd.)
0.50%
10
JPMorgan Securities Japan Co., Ltd.
0.36%
Management
6 officers
Masafumi NAKANISHI
Representative Director, President
Apr 1995 Joined Hakuhodo Inc. Dec 2003 Transferred to Hakuhodo DY Media Partners Inc. Dec 2008 Founded Kids Smile Project Co., Ltd. (now Smile Project Co., Ltd.), Representative Director, President Apr 2018 Founded the Company, Representative Director, President (current) Jun 2023 Representative Director, Chairman, Kids Smile Project Co., Ltd. (now Smile Project Co., Ltd.) (current) May 2026 Representative Director, Chairman, WITH Holdings Co., Ltd. (current)
1970-09-06
Ayumi DOI
Director and Vice President
Apr 1998 Joined Ryoko Securities Co., Ltd. (now Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) May 2009 Joined Kids Smile Project Co., Ltd. (now Smile Project Co., Ltd.) Jun 2016 Director, Kids Smile Project Co., Ltd. Oct 2017 Director and Vice President, Kids Smile Project Co., Ltd. Apr 2018 Director and Vice President, Kids Smile Project Co., Ltd., in charge of Early Childhood Education and Business Strategy Unit; Director and Vice President of the Company (current) Oct 2022 Director and Vice President, Kids Smile Project Co., Ltd., in charge of Premium Education Business Unit Jun 2023 Representative Director, President, Kids Smile Project Co., Ltd. (now Smile Project Co., Ltd.) (current)
1977-07-19
Kyoko UCHIDA
Outside Director
Apr 1999 Joined Fuji Television Network, Inc., Programming Division Announcers' Office Apr 2006 Freelance announcer Oct 2010 Launched reading activities at pediatric wards (VOiCE) Oct 2012 Launched support activities for women and Tohoku; founded Lenas Co., Ltd. Apr 2019 Affiliated with Sony Music Artists Inc. Dec 2022 Host, kikimindfulness (current) Jun 2023 Outside Director of the Company (current) Apr 2024 Regular Member, Japan Mindfulness Society (current) Feb 2025 Advisor, Entry Co., Ltd.
1976-06-09
Yuta TOKUMITSU
Director (Audit and Supervisory Committee Member)
Feb 2010 Joined ShinNihon LLC (now EY ShinNihon LLC) Jul 2012 Joined SCS International Accounting Office Aug 2014 Joined DeNA Co., Ltd. Aug 2016 Established Yuta Tokumitsu CPA Office, Representative (current) Sep 2017 Outside Audit & Supervisory Board Member, MDB Co., Ltd. (current) Dec 2017 Outside Director, Kids Smile Project Co., Ltd. (now Smile Project Co., Ltd.) Mar 2018 Full-time Audit & Supervisory Board Member, Spacemarket, Inc. Apr 2018 Outside Director of the Company Mar 2021 Director, Spacemarket, Inc. Jun 2022 Outside Director of the Company Jun 2023 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Mar 2024 Representative Director, Spacemarket, Inc. Oct 2024 Outside Audit & Supervisory Board Member, Pacific Meta Co., Ltd. Jun 2025 Outside Audit & Supervisory Board Member, NOT A HOTEL Co., Ltd. (current)
1988-05-13
Hisashi KAMINARI
Director (Audit and Supervisory Committee Member)
Apr 1980 Joined Tokyo Broadcasting System, Inc. (now TBS Holdings, Inc.) Jun 2007 General Manager, Accounting Bureau, Tokyo Broadcasting System, Inc. Jun 2009 Director, Tokyo Broadcasting System, Inc. Jun 2012 Full-time Audit & Supervisory Board Member, Tokyo Broadcasting System, Inc. Jul 2020 Advisor, President's Office, TBS Television, Inc. Jun 2021 Outside Director of the Company; Outside Director, Kids Smile Project Co., Ltd. (now Smile Project Co., Ltd.) Jun 2023 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1956-06-08
Kaoko HATANO
Director (Audit and Supervisory Committee Member)
Dec 2008 Registered as attorney; joined Mori Law Office Sep 2017 Full-time Outside Audit & Supervisory Board Member, Star Festival Inc. Nov 2018 Outside Audit & Supervisory Board Member, Tsukuruba Inc. Oct 2021 Full-time Outside Audit & Supervisory Board Member, Trustridge Co., Ltd. Feb 2022 Established Hatano Sogo Law Office Apr 2022 Vice President, Kanagawa Bar Association Jun 2023 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2024 Outside Audit & Supervisory Board Member, Cocoperi Inc. (current) Dec 2024 Outside Director (Audit and Supervisory Committee Member), Atrae Inc. (current)
1975-04-21
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-26
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-05
株主総会招集通知
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-06-24
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2025-06-24
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2025-06-24
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINETAmended
2025-06-24
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2025-06-24
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
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
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Apr 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Apr 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-15
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-15
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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