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Overview

Services

M・H・GROUP LTD.

M.H.Group is a Japan-based holding company primarily engaged in the beauty salon industry, operating through its consolidated subsidiaries. Its core subsidiary, M.H.Plus Co., Ltd., operates both directly managed salons and franchise-based (BS) salons, along with hair and makeup services, while Lightstaff Co., Ltd. provides salon support services including credit payment processing, POS systems, and property introductions to independent beauty salons. The group also has international presence through BS salon operations in China and Korea, and offers career design services through Only-One Co., Ltd.

Market Cap

¥3.35B

US$21.4M

¥3.02B

US$19.2M

Stock¥214▲+0.47%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

LTM EV/EBIT

LTM PER

LTM PBR

8.1

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-23.1%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

61%

39%

EquityD/E 0.64xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 62.5%

as of 2026-06-30 · Source: Annual Securities Report

Runshou Co., Ltd. (Standing Proxy: Hiroshi SUGIYAMA, Attorney, Akarenga Law Firm)

32.02%

Jianhao Group Co., Ltd.

16.48%

Yoichi AOYAMA

5.68%

SCAT Inc.

2.69%

Kazuo AOYAMA

1.80%

Gamo Co., Ltd.

0.95%

Takashi IKUTAME

0.84%

Takamaru SAKAKIBARA

0.80%

Sumitomo Mitsui Trust Bank, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)

0.75%

Yun YANG

0.54%

Management

12 officers

Reiko SHUHO

Representative Director, Chairman and President

Oct 1990 Joined Emers Co., Ltd. Jun 2000 Joined C'BON Co., Ltd. Jun 2005 Executive Officer, General Manager of Administration Department (in charge of systems), C'BON Co., Ltd. Feb 2007 General Manager, Sales Division, C'BON Co., Ltd. Jun 2008 Director, in charge of Sales Promotion Department, C'BON Co., Ltd. Jun 2013 Director and Executive Officer, in charge of Direct Sales Department, C'BON Co., Ltd. Jul 2016 Joined the Company Sep 2016 Vice President and Director of the Company Sep 2017 Representative Director and President and Executive Officer of the Company Oct 2021 Outside Director, Accyzia Co., Ltd. Sep 2023 Chairman and Director of the Company Jan 2024 Outside Director, SCAT Co., Ltd. Sep 2025 Representative Director, Chairman and President and Executive Officer of the Company (current)

1958-08-23

Hiroki SUZUKI

Senior Managing Director

Apr 1990 Joined Yamaichi Securities Co., Ltd. Aug 1997 Joined Alliance Co., Ltd. Mar 2001 Joined Kogyo Corporation (now Commercial RE Co., Ltd.) Jun 2003 Director, Kogyo Corporation Apr 2004 Managing Director, Kogyo Corporation Jun 2007 Senior Managing Director, Kogyo Corporation Jan 2011 Managing Director, Kokyo C.R.E. Co., Ltd. (now CRE Co., Ltd.) Sep 2012 Established Kaizen Consulting Co., Ltd. and assumed office as Representative Director Sep 2016 Non-Executive Director, Kaizen Consulting Co., Ltd. Sep 2016 Audit & Supervisory Board Member, Atelier M.H. Co., Ltd. (now M.H. Plus Co., Ltd.) Sep 2016 Audit & Supervisory Board Member, Light Staff Co., Ltd. Sep 2016 Audit & Supervisory Board Member, Arts Co., Ltd. Sep 2016 Audit & Supervisory Board Member of the Company Jul 2020 Audit & Supervisory Board Member, Only One Co., Ltd. Nov 2021 Audit & Supervisory Board Member, RAVIPA Co., Ltd. (current) Sep 2025 Senior Managing Director and Executive Officer, in charge of Sales Division, the Company (current) Representative Director, M.H. Plus Co., Ltd. (current) Director, Arts Co., Ltd. (current) Sep 2026 Director, Oasis LH Co., Ltd. (current)

1965-09-28

Hiroyuki IESHIMA

Senior Managing Director

Aug 1997 Joined the Company May 2005 Manager, Finance Section, the Company Sep 2008 Audit & Supervisory Board Member of the Company Sep 2008 Audit & Supervisory Board Member, Atelier M.H. Co., Ltd. (now M.H. Plus Co., Ltd.) Sep 2008 Audit & Supervisory Board Member, Light Staff Co., Ltd. Apr 2016 Audit & Supervisory Board Member, Arts Co., Ltd. Sep 2016 Director, Arts Co., Ltd. Oct 2016 General Manager, Corporate Planning Office, the Company Sep 2017 Director and Executive Officer, in charge of Administration Division, the Company Director, Light Staff Co., Ltd. (current) Sep 2021 Director, Atelier M.H. Co., Ltd. (now M.H. Plus Co., Ltd.) (current) Sep 2023 Director and Executive Officer, in charge of Corporate Planning (Finance and IR), the Company Sep 2025 Senior Managing Director and Executive Officer, in charge of Corporate Planning (Finance and IR), the Company (current) Director, Only One Co., Ltd. (current)

1973-11-20

Lei CHEN

Director

Jul 2004 Joined UBS AG Oct 2005 Joined Lehman Brothers Asia Limited Oct 2008 Joined Nomura International (Hong Kong) Limited Sep 2013 Adviser, Nomura International (Hong Kong) Limited Dec 2013 Chairman and CEO, TCC Fund (current) Jul 2026 Director of the Company (current) Director, MHAI Co., Ltd. (current)

1978-11-19

Fangping XU

Director

Aug 1986 Joined Beijing Foreign Enterprises Service General Corporation Jun 1995 General Manager, Jianhao Industrial Co., Ltd. (now Xinhao International Trade Co., Ltd.) Dec 2001 Director, Jianhao Group Co., Ltd. Dec 2002 President and Representative Director, Jianhao Group Co., Ltd. (current) Aug 2012 Audit & Supervisory Board Member, Fuji Assembly System Co., Ltd. (current) Sep 2017 Director of the Company (current)

1965-01-28

Xin TANG

Director

Apr 1986 Joined Nomura Securities Co., Ltd. Apr 1992 Deputy Head, Shanghai Representative Office, Nomura Securities Co., Ltd. Apr 1996 Joined Nomura International (Hong Kong) Limited Apr 1998 General Manager, Consulting Department, Nomura Citic International Economic Consulting Co., Ltd. Mar 2003 General Manager, Shanghai Xijie Business Consulting Co., Ltd. (current) Aug 2017 Representative Director, QYResearch Co., Ltd. (current) Jan 2024 Adviser to Capital Market Finance and Japan Business, CLOUD AI SOLUTIONS PTE. LTD. (current) Jul 2026 Director of the Company (current) Director, MHAI Co., Ltd. (current)

1958-02-28

Qiancheng FU

Director

Jun 2013 Project Manager, Oriental Wisdom Asset Management Co., Ltd. Jul 2015 Project Manager, Beijing Liyuan Investment Co., Ltd. May 2023 Chairman and General Manager, Zhengyuan Holding Co., Ltd. Sep 2025 Chief Officer for Operations and Development, Zhengyuan Holding Co., Ltd. (current) Jul 2026 Director, Runshou Co., Ltd. (current) Sep 2026 Director of the Company (current)

1989-02-14

Yoshitaka HAYASHI

Director

Jul 1989 Joined China Construction Bank Aug 2003 Assistant Branch Manager, Dalian Branch, China Construction Bank Aug 2004 Deputy Branch Manager, Dalian Branch, China Construction Bank Jul 2009 Deputy Branch Manager, Suzhou Branch, China Construction Bank Nov 2010 Branch Manager, Dalian Branch, China Construction Bank Feb 2015 Senior Executive Director, ORIX Asia Capital Limited (current) Sep 2019 Director of the Company (current)

1967-04-17

Takashi IKUTAME

Director

Mar 1999 Completed doctoral program, Graduate School of Engineering, Tokyo University of Science Apr 1999 Assistant Professor, Tokyo University of Science Apr 2002 Full-time Lecturer, Senshu University Sep 2002 Audit & Supervisory Board Member of the Company Apr 2010 Professor, Senshu University Apr 2013 Professor, Chuo University (current) Sep 2022 Director of the Company (current)

1970-08-31

Mitsuru KOBAYASHI

Full-time Audit & Supervisory Board Member

Apr 2000 Joined DM Information Systems Co., Ltd. Mar 2005 Joined Seven-Eleven Japan Co., Ltd. May 2014 Joined the Company, Sales Manager, BS Business Division Oct 2017 General Manager, Internal Audit Office, the Company Sep 2025 Audit & Supervisory Board Member of the Company (current) Audit & Supervisory Board Member, M.H. Plus Co., Ltd. (current) Audit & Supervisory Board Member, Light Staff Co., Ltd. (current) Audit & Supervisory Board Member, Arts Co., Ltd. (current) Audit & Supervisory Board Member, Only One Co., Ltd. (current) Jul 2026 Audit & Supervisory Board Member, MHAI Co., Ltd. (current) Sep 2026 Audit & Supervisory Board Member, Oasis LH Co., Ltd. (current) Audit & Supervisory Board Member, Lemon Company Tokyo Co., Ltd. (current)

1975-06-01

Kumiko OKAZAKI

Audit & Supervisory Board Member

Dec 2008 Joined Shin Nihon & Co. (now EY Shin Nihon LLC) Sep 2013 Registered as Certified Public Accountant Aug 2017 Established Kumiko Okazaki CPA Office; Representative (current) Oct 2017 Registered as Certified Tax Accountant; joined YFP Clare Tax Corporation Sep 2021 Audit & Supervisory Board Member of the Company (current) Jan 2023 Audit & Supervisory Board Member, WHITE CROSS Co., Ltd. Jul 2023 Auditor, Japan Organization for Employment of the Elderly, Persons with Disabilities and Job Seekers (current) Oct 2025 Full-time Audit & Supervisory Board Member, Transit Holdings Co., Ltd. (current)

1980-04-14

Umeyoshi OSAWA

Audit & Supervisory Board Member

Apr 2001 Joined The Institute of Internal Auditors Japan Jun 2004 Executive Director, EY Shin Nihon LLC Feb 2018 Head of China Business Support Office, PwC Japan Jul 2025 Member, Osmanthus United LLC; Non-Executive Audit & Supervisory Board Member, Generaleholdings Co., Ltd. (current) May 2026 President and Representative Director, Quantum Solutions Co., Ltd. (current) Jun 2026 Outside Audit & Supervisory Board Member, iFreak Mobile Co., Ltd. (current) Sep 2026 Audit & Supervisory Board Member of the Company (current)

1963-01-01

Large Shareholding Reports

Global Prosperity Financial Company Limited

2026-07-31

8.82%→39.40%

Global Prosperity Financial Company Limited

2026-07-24

8.82%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-09-29

Annual Securities Report

Period: Jul 2025 – Jun 2026

M・H・GROUP LTD.

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M・H・GROUP LTD.

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