Overview
Services

CUC Inc.

CUC, Inc. is a healthcare services group operating across four segments: Medical Institution (management support services for hospitals and clinics in Japan, Southeast Asia, and podiatry/vein clinics in the U.S. Midwest), Hospice (hospice-type residential facilities with visiting nursing and caregiving for terminally ill patients), Home Visiting Nursing (visiting nurse stations providing in-home nursing care), and Medical Care Residence (fee-based elderly homes, serviced senior housing, and rehabilitation day services). The company provides integrated, on-site management support to over 8,000 private hospitals and clinics in Japan, addressing succession, operational efficiency, and revenue growth challenges. Its competitive strength lies in an all-in-one, resident-staff model that delivers strategy, marketing, HR, IT, and M&A/PMI services to medical institutions on a continuous contract basis.

Market Cap
¥21.3B
US$136M
EV
¥58.7B
US$374M
Stock¥727▲+1.54%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
5.8
x
LTM EV/EBIT
11.5
x
LTM PER
9.0
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-59.8%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
21.3BUS$136MMarket Cap56.7BUS$361M+ Debt18.3BUS$117M− Cash1.40BUS$8.88M− Inv. Sec.0.40BUS$2.54M+ NCI58.7BUS$374MEV
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Performance & Balance
Revenue 5Y (¥B)
33.0US$210M'24/347.0US$300M'25/354.4US$346M'26/3
EBITDA 5Y (¥B)
5.54US$35.3M'24/38.63US$54.9M'25/310.7US$68.0M'26/3
Net Income 5Y (¥B)
2.60US$16.5M'24/33.13US$19.9M'25/32.85US$18.2M'26/3
Capital Structure
37%
63%
EquityD/E 1.70xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
8.26US$52.6M29.6US$188M'24/37.53US$48.0M43.5US$277M'25/315.8US$101M52.5US$334M'26/3
Shareholders
Top 10 hold 85.3%
1
M3,Inc.
63.45%
2
NATIONAL FINANCIAL SERVICES LLC (Standing Proxy: Citibank, N.A., Tokyo Branch)
6.21%
3
Custody Bank of Japan, Ltd. (Trust Account)
3.28%
4
Development Bank of Japan Inc.
2.97%
5
BBH CO FOR ARCUS JAPAN VALUE FUND (Standing Proxy: MUFG Bank, Ltd.)
2.79%
6
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
1.70%
7
Takamichi TANABE
1.41%
8
BBH LUX/BROWN BROTHERS HARRIMAN(LUXEMBOURG)SCA CUSTODIAN FOR SMD-AM FUNDS-DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE (Standing Proxy: Sumitomo Mitsui Banking Corporation)
1.31%
9
BNP PARIBAS LONDON BRANCH FOR PRIME BROKERAGE CLEARANCE ACC FOR THIRD PARTY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.11%
10
UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.03%
Management
7 officers
Keita HAMAGUCHI
Representative Director
Apr 1996 Joined Recruit Co., Ltd. Sep 2007 Joined J. Will Partners Co., Ltd. Dec 2013 Joined M3, Inc. Aug 2014 Appointed Representative Director of the Company (current)
1974-03-14
Takamichi TANABE
Director
Apr 1998 Joined Recruit Co., Ltd. Jul 2011 Joined Nihon Fukushi Sogo Kenkyusho Co., Ltd. Jul 2011 Joined HR Solutions Co., Ltd. Jul 2015 Joined the Company Dec 2016 Appointed Director of the Company Jun 2020 Appointed Executive Officer of the Company Jun 2022 Appointed Director of the Company (current) Oct 2024 Appointed Representative Director, Noa Konzern Co., Ltd. (current)
1974-11-05
Toshio MATSUURA
Director
Apr 1995 Joined Heiwa Corporation Sep 2007 Joined Recruit Co., Ltd. Apr 2014 Joined Culture Convenience Club Co., Ltd. Nov 2022 Joined the Company Jul 2023 Appointed Executive Officer of the Company Jun 2025 Appointed Director of the Company (current) May 2026 Appointed CEO, CUC Podiatry Holdings, LLC (current)
1973-03-15
Keiji OBA
Director
Apr 2005 Joined Mizuho Securities Co., Ltd. May 2010 Joined Fashion Walker Co., Ltd. Oct 2011 Appointed Executive Officer, Fashion Co. Labo Co., Ltd. Apr 2012 Appointed Representative Director, Zenryoku Co., Ltd. Apr 2013 Joined M3, Inc. Apr 2019 Appointed Executive Officer, M3, Inc. (current) Oct 2019 Appointed Audit and Supervisory Board Member of the Company Jun 2020 Appointed Director, Audit and Supervisory Committee Member of the Company Mar 2025 Appointed Director, Audit and Supervisory Committee Member, Elan Co., Ltd. (current) Jun 2025 Appointed Director of the Company (current)
1980-07-27
Chikara OKETANI
Director, Audit and Supervisory Committee Member
Apr 1985 Joined Sanyo Electric Co., Ltd. Oct 2015 Joined the Company Jun 2020 Appointed Executive Officer of the Company Jun 2022 Appointed Director of the Company Jun 2025 Appointed Director, Audit and Supervisory Committee Member of the Company (current)
1962-03-04
Chihiro ASHIZAWA
Outside Director, Audit and Supervisory Committee Member
Oct 2004 Registered as attorney-at-law; joined Mitsui Yasuda Law Office Apr 2005 Joined Linklaters Gaikokuho Kyodo Jigyo Horitsu Jimusho Jun 2009 Joined Clifford Chance Gaikokuho Kyodo Jigyo Nov 2025 Appointed Partner, Ashurst Gaikokuho Kyodo Jigyo (current) Jun 2026 Appointed Outside Director, Audit and Supervisory Committee Member of the Company (current)
1979-05-25
Yuko KATO
Outside Director, Audit and Supervisory Committee Member
Apr 2000 Joined Benesse Corporation Dec 2011 Registered as attorney-at-law; joined Kawahito Law Office Aug 2014 Joined Torikai Sogo Law Office Sep 2019 Appointed Outside Audit and Supervisory Board Member, ipoca Inc. Apr 2020 Appointed Director, Nitobe Bunka Gakuen School Corporation (current) Jul 2020 Appointed Outside Audit and Supervisory Board Member, NL Plus Co., Ltd. Aug 2022 Appointed Outside Audit and Supervisory Board Member, ipoca Inc. Jun 2023 Appointed Outside Audit and Supervisory Board Member, PC Depot Corporation (current) Aug 2024 Appointed Outside Audit and Supervisory Board Member, FLUX Inc. (current) Sep 2024 Joined Miura Law Office Jun 2026 Appointed Outside Director, Audit and Supervisory Committee Member of the Company (current)
1976-10-22
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-02
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-04
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-29
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-24
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-11-01
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
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