Overview
Services

Mental Health Technologies Co.,Ltd.

Mental Health Technologies operates four business segments: Mental Health Solutions (50% of revenue), Medical Work Shift (47%), Medical Career Support (2%), and Digital Marketing (1%). Its flagship service, 'Sangyoi Cloud' (Industrial Physician Cloud), bundles occupational physician placement, public health nurse services, and the proprietary cloud platform 'ELPIS'—which provides employee counseling, health literacy content, stress checks, and health data management—into a cost-effective subscription package for corporate clients. The company also provides medical staffing and shift management services to healthcare institutions through its subsidiary Taskforce, acquired in February 2024.

Market Cap
¥8.33B
US$53.1M
EV
¥10.1B
US$64.7M
Stock¥793▼-0.25%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
15.8
x
LTM EV/EBIT
17.0
x
LTM PER
32.8
x
LTM PBR
5.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-26.2%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
8.33BUS$53.1MMarket Cap2.93BUS$18.7M+ Debt1.06BUS$6.75M− Cash0.06BUS$0.37M− Inv. Sec.10.1BUS$64.7MEV
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Performance & Balance
Revenue 5Y (¥B)
1.45US$9.27M'21/122.29US$14.6M'22/122.61US$16.6M'23/125.13US$32.7M'24/126.44US$41.0M'25/12
EBITDA 5Y (¥B)
0.16US$1.03M'21/120.40US$2.53M'22/120.53US$3.35M'23/120.15US$0.94M'24/120.64US$4.10M'25/12
Net Income 5Y (¥B)
0.16US$1.03M'21/120.27US$1.69M'22/120.44US$2.81M'23/12-0.03-US$0.18M'24/120.25US$1.62M'25/12
Capital Structure
32%
68%
EquityD/E 2.08xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.42US$2.70M0.19US$1.20M'21/120.66US$4.21M0.18US$1.17M'22/120.91US$5.83M0.33US$2.12M'23/121.13US$7.18M2.57US$16.4M'24/121.55US$9.89M2.62US$16.7M'25/12
Shareholders
Top 10 hold 58.1%
1
Shinnosuke TONE
35.17%
2
The Dai-ichi Life Insurance Company, Limited
4.58%
3
Orchestra Investment Co., Ltd.
3.99%
4
Sigmaxis Investment Co., Ltd.
3.70%
5
Hiroyuki YOSHIOKA
2.95%
6
JPMorgan Securities Japan Co., Ltd.
2.17%
7
Value HR Co.,Ltd.
1.92%
8
Kyorinsha Co., Ltd.
1.42%
9
Masahiro YAMADA
1.23%
10
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
0.96%
Management
9 officers
Shinnosuke TONE
Representative Director, President
Apr 2002 Joined Deloitte Tohmatsu Consulting Co., Ltd. (now ABeam Consulting Ltd.) Sep 2004 Joined UFJ Tsubasa Securities Co., Ltd. (now Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Apr 2007 Joined Angel Japan Asset Management Co., Ltd. Jan 2008 Joined Kankyo Energy Investment Co., Ltd. Mar 2011 Founded Miew Inc. (now the Company); Representative Director, President (current) Jan 2014 Representative Director, President, Miew system service Co., Ltd. (now Avenir Co., Ltd.) (current) Sep 2022 Representative Director, President, HealthCare DX Co., Ltd. Dec 2022 Director, Meishokai Occupational Health Consulting Office Co., Ltd. (current) Feb 2024 Director, Taskforce Co., Ltd. (current) Jun 2024 Outside Director, Atlast Health Co., Ltd. (current) Dec 2024 Director, Mirai Sangyo Ishi Office Co., Ltd. (current) Mar 2025 Director, HealthCare DX Co., Ltd. (current)
1979-07-26
Yusuke MATSUMOTO
Director, General Manager, Business Incubation Division
Apr 2001 Joined Fivedoors Inc. Nov 2002 Joined OMC Creative Inc. Feb 2013 Joined Pro-Tocol Corporation Jan 2014 Joined Benesse Holdings, Inc. Sep 2015 Joined McCann Healthcare Worldwide Japan Co., Ltd. Jan 2016 Joined ALC Co., Ltd. Jul 2018 Joined Watabe Wedding Corporation Apr 2019 Joined the Company Sep 2019 General Manager, IT Solutions Division Jun 2020 Director, General Manager, IT Solutions Division, the Company Jan 2022 Director, General Manager, Digital Marketing Division, the Company Sep 2022 Director, HealthCare DX Co., Ltd. Jan 2024 Director, General Manager, Business Incubation Division, the Company (current) Jan 2025 Director, Taskforce Co., Ltd. (current) Mar 2025 Representative Director, HealthCare DX Co., Ltd. (current)
1976-04-07
Yukio OGURA
Director
May 1998 Resident Physician, Anjo Kosei Hospital Apr 2000 Surgery Department, Anjo Kosei Hospital Jun 2002 Surgery Department, Chita City Hospital Apr 2003 Pediatric Surgery Staff Physician, Nagoya University Hospital May 2005 Director, Medical Life Aozora Clinic Feb 2008 Founded Medical Corporation Meishokai; Chairman (current) Dec 2022 Representative Director, Meishokai Occupational Health Consulting Office Co., Ltd. (current) Feb 2024 Director, Taskforce Co., Ltd. (current) Mar 2024 Director, the Company (current)
1973-05-14
Haruyuki HIGUCHI
Director, General Manager, Corporate Division
Apr 1998 Joined Recruit Avric Co., Ltd. (now Recruit Co., Ltd.) Apr 2014 Joined iPROS Co., Ltd. Mar 2023 Joined the Company Jan 2024 General Manager, Corporate Division, the Company Mar 2025 Director, General Manager, Corporate Division, the Company (current)
1976-01-30
Hideharu ASAKAWA
Director
Apr 1989 Joined Nippon Telegraph and Telephone Corporation Nov 2003 Joined Microsoft Corporation Japan May 2010 Joined NTT Communications Corporation; Senior Manager May 2012 Joined OKWave, Inc.; General Manager, Media Business and Global Business Sep 2012 Director, Technology Division, OKWave, Inc. Jan 2018 Joined Tibco Partner Solutions K.K. Mar 2018 Director, the Company (current) Sep 2022 Senior Director, Spotfire Partner Accounts, Cloud Software Group, Inc. (current)
1961-05-23
Takeya OHARA
Director
Apr 1999 Joined The Nippon Kogyo Ginko (Industrial Bank of Japan), Ltd. May 2004 Joined Lehman Brothers Securities Co., Ltd. Jun 2006 Joined Goldman Sachs Securities Co., Ltd. Feb 2009 Joined Barclays Securities Japan Ltd. May 2013 Joined Edgevel Capital Co., Ltd. May 2013 Representative Director, Topology Co., Ltd. (current) May 2013 Representative Director, Nihon Kokyo Shuno Co., Ltd. (current) Nov 2015 Non-Staff Advisor, ORIX Corporation (current) Dec 2017 Outside Director, Primagest Co., Ltd. Jul 2018 Audit & Supervisory Board Member, the Company Jun 2020 Director, the Company (current) Nov 2020 Outside Director, H.C. Networks Co., Ltd. (current) Nov 2020 Outside Director, Apresia Systems, Inc. (current) Dec 2020 Outside Director, Informatics Co., Ltd. (current) Feb 2023 Outside Director, DHC Corporation (current) Oct 2024 Chairman of the Board, Liberal Co., Ltd. (current)
1972-06-20
Yukio NAKAMURA
Full-time Audit & Supervisory Board Member
Apr 1984 Joined Yamaichi Securities Co., Ltd. Feb 1998 Joined NTT Mobile Communications Network Inc. (now NTT DOCOMO, Inc.) Dec 1998 Joined Kogin Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Dec 2018 Joined the Company; Administration Division Mar 2019 Audit & Supervisory Board Member, the Company (current) Mar 2019 Audit & Supervisory Board Member, Avenir Co., Ltd. (current) Sep 2022 Audit & Supervisory Board Member, HealthCare DX Co., Ltd. (current) Dec 2022 Audit & Supervisory Board Member, Meishokai Occupational Health Consulting Office (current) Feb 2024 Audit & Supervisory Board Member, Taskforce Co., Ltd. (current) Dec 2024 Audit & Supervisory Board Member, Mirai Sangyo Ishi Office Co., Ltd. (current)
1960-07-05
Masaru TAKAHASHI
Audit & Supervisory Board Member
Oct 1980 Joined Tohmatsu & Aoki Audit Corporation (now Deloitte Touche Tohmatsu LLC) Jun 2003 Representative Partner, Deloitte Touche Tohmatsu LLC Apr 2014 Specially Appointed Professor, Asia University Graduate School Jan 2018 Special Advisor, CENXUS GROUP (current) Jun 2018 Outside Director, Fukui Computer Holdings, Inc. (current) Mar 2020 Audit & Supervisory Board Member, the Company (current) Apr 2020 Lecturer, Meiji University Graduate School of Accountancy Mar 2021 Managing Representative Partner, CENXUS Audit Corporation (current) Jul 2021 Independent Non-executive Director, NISSIN FOODS COMPANY LIMITED (HK Listed Company) (current)
1952-12-06
Yumeko YOSHIDA
Audit & Supervisory Board Member
Dec 2015 Registered as Attorney-at-law; joined Yoshida Yasunori Law Office (current) Jun 2021 Outside Audit & Supervisory Board Member, Tasuki Consulting Co., Ltd. Mar 2024 Outside Audit & Supervisory Board Member, Mugen Estate Co., Ltd. (current) Mar 2025 Audit & Supervisory Board Member, the Company (current)
1988-10-18
Large Shareholding Reports
No filings
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
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-30
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINETAmended
2025-11-26
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
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
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINETAmended
2024-03-25
Amended Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINETAmended
2023-11-14
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-11-14
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
2023-04-21
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
EDINETAmended
2022-05-13
Amended Annual Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-31
Annual Securities Report
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