Overview
Services

Terminalcare Support Institute Inc.

T.S.I (Terminalcare Support Institute) operates 'care-specialized' serviced senior housing facilities ('Anges') across 10 prefectures in Japan, providing 24-hour staffed residences for elderly individuals requiring nursing care (primarily care levels 2–3), with end-of-life care capabilities. The company offers an integrated suite of services including visiting nursing care (Care Station 'Anjès'), care plan management (Care Plan Center 'Enju'), and visiting nursing (Visiting Nursing Station 'Luce'), all co-located within its facilities. Through its subsidiary Kitayama Jutaku Hanbai Co., Ltd., T.S.I delivers a fully vertically integrated model covering design, construction, and operation of its Anges facilities, with 33 locations and 1,085 rooms as of December 2024.

Market Cap
¥1.31B
US$8.32M
EV
¥4.15B
US$26.4M
Stock¥852▲+0.71%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
11.7
x
LTM EV/EBIT
28.4
x
LTM PER
9.1
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-20.2%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
1.31BUS$8.32MMarket Cap3.67BUS$23.4M+ Debt0.83BUS$5.28M− Cash0.00BUS$0.00M− Inv. Sec.4.15BUS$26.4MEV
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Performance & Balance
Revenue 5Y (¥B)
3.40US$21.6M'21/124.10US$26.1M'22/124.25US$27.1M'23/124.71US$30.0M'24/124.89US$31.1M'25/12
EBITDA 5Y (¥B)
0.25US$1.57M'21/120.26US$1.67M'22/120.20US$1.25M'23/120.26US$1.63M'24/120.21US$1.36M'25/12
Net Income 5Y (¥B)
0.14US$0.88M'21/120.16US$1.00M'22/120.13US$0.80M'23/120.11US$0.72M'24/120.08US$0.52M'25/12
Capital Structure
29%
71%
EquityD/E 2.49xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.87US$5.57M1.43US$9.11M'21/121.09US$6.93M1.34US$8.54M'22/121.38US$8.81M2.26US$14.4M'23/121.13US$7.20M2.81US$17.9M'24/121.19US$7.55M3.58US$22.8M'25/12
Shareholders
Top 10 hold 67.1%
1
Tadao KITAYAMA
29.19%
2
Yugo KITAYAMA
8.45%
3
Yuzo KITAYAMA
6.61%
4
Chikako KITAYAMA
6.52%
5
Rakuten Securities, Inc.
3.96%
6
Hiromi KITAYAMA
3.26%
7
Kimihito MIZUMOTO
2.90%
8
SBI SECURITIES Co., Ltd.
2.89%
9
Ye GU
1.79%
10
Shoji KITADA
1.58%
Management
10 officers
Tadao KITAYAMA
Representative Director, President
Jan 1982 Kitayama Kogei (sole proprietorship) Apr 1985 Joined Deim Co., Ltd. Apr 1986 Director, Deim Co., Ltd. Apr 1992 Joined Sagano Real Estate Co., Ltd. Sep 1994 Representative Director, President, L House Co., Ltd. Nov 1995 Established Kitayama Jutaku Hanbai Co., Ltd.; Representative Director, President (current) Dec 1997 Established Kitayama Corporation Co., Ltd.; Director Mar 2007 Established Chirizumi Co., Ltd.; Director Feb 2010 Established the Company; Representative Director, President (current)
1954-09-26
Yugo KITAYAMA
Senior Managing Director
Apr 2008 Joined Sharp Corporation Feb 2010 Promoter and Director, the Company Jan 2011 Director, Kitayama Corporation Co., Ltd. Jul 2017 Director, Kitayama Jutaku Hanbai Co., Ltd. (current) Sep 2017 Senior Managing Director, the Company (current)
1985-05-14
Yusuke MIYAKE
Director, General Manager of Administration Department
Apr 2011 Joined Sumitomo Trust and Banking Co., Ltd. (now Sumitomo Mitsui Trust Bank, Limited) Jan 2014 Joined the Company Jan 2017 General Manager of Administration Department, the Company Jul 2017 Audit & Supervisory Board Member, Kitayama Jutaku Hanbai Co., Ltd. Jan 2019 Director, General Manager of Administration Department, the Company (current)
1988-10-21
Mariko TAKAOKA
Director, General Manager of Home-Care Support Department
Jan 2003 Joined Notogawa-cho Council of Social Welfare (now Higashiomi City Council of Social Welfare), a Social Welfare Corporation Jan 2013 Joined the Company Oct 2014 General Manager of Home-Care Support Department, the Company Jul 2015 Director, General Manager of Home-Care Support Department, the Company (current)
1962-04-04
Rika AMANOME
Director, General Manager of Home Visit Nursing Department
Apr 1999 Joined Saiseikai Utsunomiya Hospital Apr 2006 Head Nurse, Medical Safety Management Office, International University of Health and Welfare Hospital Mar 2009 Completed Master's Program, Medical Management, Graduate School of International University of Health and Welfare Oct 2021 Established Home Visit Nursing Station Trust, Nabata Co., Ltd. Oct 2023 Joined the Company Jan 2025 General Manager of Home Visit Nursing Department, the Company Apr 2026 Director, General Manager of Home Visit Nursing Department, the Company (current)
1971-03-29
Naohito HIHARA
Full-time Audit & Supervisory Board Member
Apr 1981 Joined Matsushita Electric Industrial Co., Ltd. (now Panasonic Holdings Corporation) Jul 2014 Joined IBM Japan Service Ltd. (now IBM Japan Digital Services Ltd.) Feb 2019 Full-time Audit & Supervisory Board Member, the Company (current)
1959-01-18
Koji KANAZAWA
Director
Apr 2000 Joined Recruit Co., Ltd. Oct 2010 Representative Director, Raisei Kofuku Ceremony Co., Ltd. (current) May 2012 Representative Director, World Is One Co., Ltd. Aug 2013 Representative Director, Access Co., Ltd. (current) Mar 2020 Director, the Company (current) Dec 2021 Director, Frontier Technology Co., Ltd. (current)
1975-04-23
Seiji YOSHIDA
Director
Apr 1997 Affiliated with Nakamura Toshio Law Office Jan 2011 Apr 2012 Member of the Board of Trustees (Evaluator), Omron Community Cooperation Foundation (current) Mediation Committee Member, Kyoto District and Summary Court (current) Jan 2016 Senior Partner, Nakamura Toshio Law Office, LPC (current) Jun 2016 Chairman, Kyoto City Second Administrative Appeal Review Council (current) Mar 2021 Director, the Company (current) Apr 2023 President, Kyoto Bar Association Feb 2025 Public Interest Member, Kyoto Prefectural Labor Relations Commission (current)
1965-04-09
Shinji MATSUMURO
Audit & Supervisory Board Member
Aug 1994 Established Chaos Support Ltd. Feb 2001 Joined Ishin Home Co., Ltd. (now Ishin Jutaku Kenkyusho Co., Ltd.) Mar 2001 General Manager of Administration Department, Ishin Home Co., Ltd. May 2001 Director, Ishin Home Co., Ltd. Nov 2004 Joined CCS Inc.; Deputy General Manager of Accounting Department Aug 2005 General Manager of Administration Division, CCS Inc. Oct 2005 Director, CCS Inc. Feb 2007 Director in charge of Administration Division and Internal Control, CCS Inc. Oct 2007 Full-time Audit & Supervisory Board Member, CCS Inc. Oct 2009 Director, CCS Inc. Oct 2011 Director and Managing Executive Officer in charge of Administration Divisions, CCS Inc. Aug 2012 Director and Senior Managing Representative Executive Officer, CCS Inc. Sep 2016 Established Solid Vision Co., Ltd.; Representative Director Mar 2017 Audit & Supervisory Board Member, the Company Nov 2018 Director, WorldLink & Company Co., Ltd. Jun 2022 Director, Solid Vision Co., Ltd. Jan 2025 Representative Director, Solid Vision Co., Ltd. (current)
1949-05-01
Kumi TAKEDA
Audit & Supervisory Board Member
Apr 1994 Joined Lapinus Co., Ltd. Oct 2001 Joined Asahi Audit Corporation (now Azsa LLC) Jul 2017 Established Takeda Certified Public Accountant Office; Representative (current) Mar 2020 Audit & Supervisory Board Member, the Company (current) Sep 2020 Audit & Supervisory Board Member, Kitayama Jutaku Hanbai Co., Ltd. (current)
1971-01-17
Large Shareholding Reports
Tadao KITAYAMA
2026-06-09
32.59%→29.19%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 29.19%
Hiromi KITAYAMA
2026-05-29
6.54%→3.26%
Annual report (as of 2026-06-30): 3.26%
Tadao KITAYAMA
2026-05-29
32.59%→29.19%
Annual report (as of 2026-06-30): 29.19%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
EDINETAmended
2026-06-09
Change Report
EDINET
2026-05-29
Large Shareholding Report
EDINET
2026-05-29
Large Shareholding Report
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-04-08
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2025-03-31
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – 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
EDINETAmended
2023-04-12
Amended Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2023-03-31
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-31
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINETAmended
2021-10-29
Amended Annual Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-30
Annual Securities Report
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