Overview
Services

Ligua Inc.

LIGUA Inc. is a consulting company focused on supporting the healthcare and financial wellness of individuals and businesses, operating under the brand purpose 'Designing Wellness Life.' Its Wellness Business provides comprehensive management consulting, operational support, medical equipment sales (EMS devices, Thompson beds, low-frequency therapy equipment), web marketing consulting, billing agency services, and health support products (IFMC. technology-based brands such as Dr.Supporter) primarily targeting chiropractic/judo therapy clinics (接骨院) across Japan. Its Financial Business offers integrated financial consulting services including insurance agency, financial product intermediation, and financial advisory, aimed at eliminating financial anxiety for individual and corporate clients.

Market Cap
¥1.34B
US$8.57M
EV
¥1.75B
US$11.1M
Stock¥845▲+0.36%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
8.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-49.1%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
1.34BUS$8.57MMarket Cap1.55BUS$9.89M+ Debt1.15BUS$7.32M− Cash0.00BUS$0.00M− Inv. Sec.1.75BUS$11.1MEV
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Performance & Balance
Revenue 5Y (¥B)
3.20US$20.4M'22/32.84US$18.1M'23/33.43US$21.9M'24/32.87US$18.3M'25/32.42US$15.4M'26/3
EBITDA 5Y (¥B)
0.35US$2.23M'22/3-0.28-US$1.79M'23/30.25US$1.63M'24/3-0.10-US$0.65M'25/3-0.08-US$0.53M'26/3
Net Income 5Y (¥B)
0.07US$0.46M'22/3-0.77-US$4.94M'23/30.10US$0.66M'24/3-0.30-US$1.92M'25/3-0.24-US$1.54M'26/3
Capital Structure
90%
EquityD/E 9.29xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.38US$8.81M1.51US$9.61M'22/31.17US$7.48M2.26US$14.4M'23/31.33US$8.47M2.39US$15.3M'24/31.35US$8.62M2.10US$13.4M'25/31.19US$7.57M1.62US$10.3M'26/3
Shareholders
Top 10 hold 68.4%
1
Norihiko KAWASE
29.64%
2
BRIDGE Co., Ltd.
12.15%
3
TBM Co., Ltd.
6.29%
4
Toshiya FUJIWARA
5.02%
5
Michihiko ISHIMOTO
3.92%
6
Yukihiro FUJIMOTO
2.73%
7
K's Group Co., Ltd.
2.66%
8
K&P Partners No. 2 Investment Limited Partnership
2.45%
9
Kazuyuki SHIROMORI
2.00%
10
Satoshi KUMENO
1.53%
Management
9 officers
Norihiko KAWASE
Representative Director, President
Apr 2000 Joined Shoko Fund Co., Ltd. (later SFCG Co., Ltd.) Apr 2001 Joined Holonic Co., Ltd. Oct 2004 Established the Company; Representative Director, President Aug 2005 Director, Bets Holdings Co., Ltd. Dec 2005 Representative Director, President, the Company (current) Jan 2013 Established Rigua BEX Co., Ltd. (now the Company); Representative Director, President Oct 2014 Director, FP Design Co., Ltd. Jan 2017 Director, LAS Co., Ltd. (current) May 2018 Representative Director, President, Healthcare Fit Co., Ltd. Sep 2020 Director, Higo One Co., Ltd. Jun 2021 Director, FP Design Co., Ltd. Feb 2022 Director, Nihon Software Hanbai Co., Ltd. Oct 2022 Representative Director, Chairman, IFMC. Co., Ltd. (now Ifmic Wellness Co., Ltd.) (current) Jun 2023 Representative Director, President, Higo One Co., Ltd. (current) May 2025 Representative Director, President, FP Design Co., Ltd. (current)
1976-05-06
Toshiya FUJIWARA
Director, Executive Vice President
Apr 2001 Joined Nova Co., Ltd. Jun 2005 Joined the Company Aug 2005 Director, the Company Jan 2013 Director, Rigua BEX Co., Ltd. (now the Company) Feb 2015 Director, FP Design Co., Ltd. Apr 2015 Director, Executive Vice President, the Company (current) May 2018 Director, Healthcare Fit Co., Ltd. Feb 2022 Director, Nihon Software Hanbai Co., Ltd. Oct 2022 Director, IFMC. Co., Ltd. (now Ifmic Wellness Co., Ltd.) Jun 2023 Representative Director, President, Healthcare Fit Co., Ltd. (current) Feb 2024 Director, Higo One Co., Ltd.
1977-09-19
Tetsuya OURA
Director
Sep 2002 Joined Nova Co., Ltd. Oct 2005 Joined Extend Ltd. (now From Far East Co., Ltd.) Mar 2013 Joined eWeLL Co., Ltd. Apr 2015 Joined the Company; assigned to Administration Department Jun 2016 Director, the Company (current) May 2018 Director, Healthcare Fit Co., Ltd. (current) Jun 2018 Director, FP Design Co., Ltd. Sep 2020 Director, Higo One Co., Ltd. Feb 2022 Director, Nihon Software Hanbai Co., Ltd. (current) Oct 2022 Director, IFMC. Co., Ltd. (now Ifmic Wellness Co., Ltd.) (current) Jun 2024 Director, Higo One Co., Ltd. (current) May 2025 Director, FP Design Co., Ltd. (current)
1978-06-02
Haruhiko HANDA
Director
May 1999 Joined Microsoft Co., Ltd. (now Microsoft Japan Co., Ltd.) Apr 2006 Joined Ubiquitous Inc. (now Ubiquitous AI Inc.) Jun 2011 Director, General Manager of Administration Division, Ubiquitous Inc. Sep 2013 Joined Yahoo Japan Corporation (now LY Corporation) Apr 2016 Group Controller, Media Group, Yahoo Japan Corporation May 2018 Joined SOULDOUT, Inc.; Executive Officer Mar 2019 Director, CFO, SOULDOUT, Inc. Jan 2023 Joined Axis Consulting Co., Ltd. Jul 2023 Director, General Manager of Corporate Division, Axis Consulting Co., Ltd. Jul 2024 Joined the Company; Executive Officer Jun 2025 Director, the Company (current)
1972-11-01
Masayuki MURATA
Director
Apr 1991 Joined Osaka Securities Exchange Jul 2003 Executive Officer and Head of Tokyo Branch, Osaka Securities Exchange Co., Ltd. Aug 2006 Executive Officer and General Manager of Listing Department, Osaka Securities Exchange Co., Ltd. Jun 2013 Executive Officer, Tokyo Stock Exchange, Inc. Apr 2018 Established Public Gate LLC; Designated Partner (current) Jun 2018 Director, the Company (current) Jul 2018 Audit & Supervisory Board Member, Smaregi, Inc. (current) Mar 2019 Director and Audit and Supervisory Committee Member, Chatwork Co., Ltd. (now kubell Inc.) (current) Dec 2024 Audit & Supervisory Board Member, InSource Co., Ltd. (current)
1969-02-14
Yoshihito MARUOKA
Director
Apr 1984 Joined Dentsu Inc. Apr 2012 General Manager, iPR Bureau, Dentsu Inc. Jul 2014 General Manager, Marketing Solutions Bureau, Dentsu Inc. Jan 2016 General Manager, Digital Marketing Center, Dentsu Inc. Jul 2016 Representative Director, President and Chief Operating Officer, Dentsu Digital Inc. Mar 2017 Director, Head of Dentsu Soken, Dentsu Inc. Apr 2018 Professor, Faculty of Management, Atomi Gakuen Women's University (current) May 2018 Director and Chief Digital Officer, ELTES Co., Ltd. Jun 2024 Director, the Company (current)
1958-01-07
Shinjiro EZAWA
Full-time Corporate Auditor
Apr 1979 Joined Sumitomo Marine & Fire Insurance Co., Ltd. (now Mitsui Sumitomo Insurance Co., Ltd.) Apr 2011 Executive Officer and General Manager, Osaka North Branch, Mitsui Sumitomo Insurance Co., Ltd. Apr 2014 Managing Director, Mitsui Sumitomo Agency Service Co., Ltd. Apr 2015 Representative Director, MS&AD Staff Service Co., Ltd. Jun 2018 Full-time Corporate Auditor, the Company (current) FP Design Co., Ltd., Corporate Auditor
1956-09-14
Satoshi KUMENO
Corporate Auditor
Apr 1994 Joined Saito Accounting Office Mar 1999 Joined Wakahara Accounting Office Apr 2000 Established Kumeno Tax Accountant Office; Director (current) Jan 2005 Corporate Auditor, the Company Oct 2011 Director, the Company Jan 2015 Corporate Auditor, the Company (current) Feb 2015 Corporate Auditor, FP Design Co., Ltd. Rigua BEX Co., Ltd. (now the Company), Corporate Auditor May 2018 Corporate Auditor, Healthcare Fit Co., Ltd. Feb 2022 Corporate Auditor, Nihon Software Hanbai Co., Ltd.
1968-06-10
Kenshi YOSHIDA
Corporate Auditor
Oct 1998 Joined Deloitte Touche Tohmatsu LLC, Osaka Office May 2002 Registered as Certified Public Accountant Mar 2004 Joined Myonaka Certified Public Accountant Office Aug 2006 Joined Index Digital Co., Ltd. (now Synergy Marketing Inc.) Jul 2012 Established Yoshida Certified Public Accountant Office; Director (current) Jun 2017 Corporate Auditor, the Company (current) Jul 2020 Representative Director, Bridge Co., Ltd. (current) Sep 2020 Corporate Auditor, Higo One Co., Ltd. Jun 2024 Director and Audit and Supervisory Committee Member, Hiwa Sangyo Co., Ltd. (current) Mar 2025 Director and Audit and Supervisory Committee Member, Monstarlab Holdings Inc. (now Monstarlab Inc.) (current)
1972-11-13
Large Shareholding Reports
Milestone Capital Management Co., Ltd.
2026-09-17
16.57%
TBM Co., Ltd.
2026-01-08
6.20%
Annual report (as of 2026-03-31): 6.29%
TBM Co., Ltd.
2026-01-08
6.20%
Annual report (as of 2026-03-31): 6.29%
Disclosures
M&A / Other
2026-08-27
Primary Source Filings
EDINET
2026-09-17
Large Shareholding Report
EDINET
2026-08-27
Securities Registration Statement
TDnet
2026-08-27
M&A / Other
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-08
Large Shareholding Report
EDINETAmended
2026-01-08
Change Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-07-02
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-07-11
Securities Registration Statement
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-09
Quarterly Securities Report
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