AHC Group Inc., together with its subsidiaries, operates in the welfare, nursing care, restaurant, and other businesses in Japan. It offers welfare services, including after-school day and child development, employment transition, employment support, community living assistance, planning consultation and support, support for children with disabilities, and living support services; and operates Izakaya restaurants. In addition, the company is involved in processing and selling food products; providing operational guidance and nursing care; welfare and restaurant businesses; temporary worker dispatch; AI-assisted record-keeping app business; DX support services for businesses; and paid employment job placement services, as well as operates in the back-office service and real estate businesses. AHC Group Inc. was incorporated in 2010 and is headquartered in Tokyo, Japan.
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Financials
Ownership
Material Events
Income Statement
Balance Sheet
Cash Flow
Ratios & Growth
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
Net Sales
ยฅ6.7B
ยฅ6.3B
ยฅ5.9B
ยฅ4.9B
ยฅ4.1B
Cost of Sales
ยฅ6.0B
ยฅ5.6B
ยฅ5.4B
ยฅ4.7B
ยฅ4.0B
Gross Profit
ยฅ708M
ยฅ699M
ยฅ514M
ยฅ247M
ยฅ163M
SG&A
ยฅ599M
ยฅ554M
ยฅ493M
ยฅ463M
ยฅ398M
Operating Income
ยฅ109M
ยฅ145M
ยฅ20M
ยฅ-216M
ยฅ-234M
Non-Operating Income
ยฅ75M
ยฅ69M
ยฅ106M
ยฅ71M
ยฅ294M
Dividend Income
โ
โ
โ
โ
ยฅ0M
Interest Income
ยฅ4M
ยฅ1M
ยฅ0M
ยฅ0M
ยฅ0M
Non-Operating Expenses
ยฅ57M
ยฅ59M
ยฅ56M
ยฅ55M
ยฅ21M
Interest Expense
ยฅ26M
ยฅ14M
ยฅ11M
ยฅ10M
ยฅ10M
Ordinary Income
ยฅ127M
ยฅ155M
ยฅ71M
ยฅ-200M
ยฅ39M
Pre-tax Income
ยฅ58M
ยฅ149M
ยฅ76M
ยฅ-241M
ยฅ64M
Income Taxes
ยฅ57M
ยฅ51M
ยฅ8M
ยฅ12M
ยฅ63M
Current Tax
ยฅ52M
ยฅ58M
ยฅ15M
ยฅ16M
ยฅ38M
Deferred Tax
ยฅ5M
ยฅ-7M
ยฅ-7M
ยฅ-4M
ยฅ25M
Net Income (owners)
ยฅ1M
ยฅ98M
ยฅ68M
ยฅ-254M
ยฅ1M
Comprehensive Income
ยฅ1M
ยฅ98M
ยฅ68M
ยฅ-254M
ยฅ1M
EBITDA
ยฅ261M
ยฅ278M
ยฅ158M
ยฅ-123M
ยฅ-162M
Goodwill Amort. (J-GAAP)
ยฅ47M
ยฅ33M
ยฅ33M
ยฅ3M
ยฅ3M
EPS
ยฅ0.49
ยฅ47.01
ยฅ32.35
ยฅ-121.82
ยฅ0.63
Shares Outstanding
2.1M
2.1M
2.1M
2.1M
2.1M
Shares Issued (total)
2.1M
2.1M
2.1M
2.1M
2.1M
Treasury Shares
0.1M
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
Total Assets
ยฅ6.1B
ยฅ5.8B
ยฅ5.2B
ยฅ5.2B
ยฅ4.7B
Current Assets
ยฅ3.7B
ยฅ3.6B
ยฅ3.2B
ยฅ3.1B
ยฅ3.4B
Cash & Deposits
ยฅ2.4B
ยฅ2.4B
ยฅ2.0B
ยฅ2.1B
ยฅ2.5B
Trade Receivables
ยฅ1.0B
ยฅ983M
ยฅ985M
ยฅ914M
ยฅ756M
Inventories
โ
โ
โ
ยฅ10M
ยฅ8M
Non-Current Assets
ยฅ2.4B
ยฅ2.2B
ยฅ2.1B
ยฅ2.1B
ยฅ1.3B
PP&E
ยฅ1.4B
ยฅ1.2B
ยฅ1.2B
ยฅ1.2B
ยฅ1.1B
Goodwill
ยฅ306M
ยฅ244M
ยฅ278M
ยฅ304M
ยฅ12M
Intangible Assets
ยฅ363M
ยฅ304M
ยฅ341M
ยฅ344M
ยฅ56M
Investment Securities
ยฅ80M
ยฅ89M
โ
โ
โ
Deferred Tax Assets
ยฅ49M
ยฅ53M
ยฅ46M
ยฅ30M
ยฅ19M
Total Liabilities
ยฅ4.9B
ยฅ4.6B
ยฅ4.1B
ยฅ4.1B
ยฅ3.4B
Current Liabilities
ยฅ1.5B
ยฅ1.3B
ยฅ973M
ยฅ1.1B
ยฅ874M
ST Debt
โ
โ
โ
ยฅ50M
โ
Taxes Payable
ยฅ27M
ยฅ54M
ยฅ11M
ยฅ14M
ยฅ15M
Non-Current Liabilities
ยฅ3.4B
ยฅ3.3B
ยฅ3.1B
ยฅ3.1B
ยฅ2.5B
Total LT Borrowings
ยฅ3.4B
ยฅ3.3B
ยฅ3.1B
ยฅ3.1B
ยฅ2.5B
Deferred Tax Liab.
โ
โ
โ
ยฅ0M
ยฅ1M
Total Equity
ยฅ1.2B
ยฅ1.2B
ยฅ1.2B
ยฅ1.1B
ยฅ1.3B
Capital Stock
ยฅ67M
ยฅ54M
ยฅ52M
ยฅ50M
ยฅ500M
Capital Surplus
ยฅ843M
ยฅ834M
ยฅ853M
ยฅ932M
ยฅ496M
Retained Earnings
ยฅ333M
ยฅ353M
ยฅ255M
ยฅ108M
ยฅ362M
Treasury Stock
ยฅ-64M
ยฅ-36M
ยฅ-2M
ยฅ-4M
ยฅ-26M
Equity (owners)
ยฅ1.2B
ยฅ1.2B
ยฅ1.2B
ยฅ1.1B
ยฅ1.3B
Total Interest-Bearing Debt โ
ยฅ3.4B
ยฅ3.3B
ยฅ3.1B
ยฅ3.1B
ยฅ2.5B
Net Cash โ
ยฅ-979M
ยฅ-903M
ยฅ-1.0B
ยฅ-1.0B
ยฅ-25M
NCAV โ
ยฅ-1.2B
ยฅ-1.0B
ยฅ-901M
ยฅ-1.0B
ยฅ30M
NCAV/Share
ยฅ-589
ยฅ-493
ยฅ-429
ยฅ-482
ยฅ14
BV/Share
ยฅ569
ยฅ580
ยฅ551
ยฅ518
ยฅ642
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
Operating CF
ยฅ193M
ยฅ439M
ยฅ98M
ยฅ-103M
ยฅ-12M
Taxes Paid
โ
โ
ยฅ-12M
ยฅ-57M
ยฅ-108M
Interest Paid
ยฅ-26M
ยฅ-14M
ยฅ-11M
ยฅ-10M
ยฅ-10M
Interest Received
ยฅ4M
ยฅ1M
ยฅ0M
ยฅ0M
ยฅ0M
D&A
ยฅ105M
ยฅ100M
ยฅ105M
ยฅ90M
ยฅ69M
Goodwill Amort.
ยฅ47M
ยฅ33M
ยฅ33M
ยฅ3M
ยฅ3M
Investing CF
ยฅ-396M
ยฅ-359M
ยฅ-94M
ยฅ-909M
ยฅ-670M
CapEx
ยฅ281M
ยฅ224M
ยฅ364M
ยฅ634M
ยฅ858M
Purchase Investments
ยฅ-3M
ยฅ-89M
โ
โ
โ
Financing CF
ยฅ225M
ยฅ291M
ยฅ-15M
ยฅ582M
ยฅ879M
Dividends Paid
ยฅ-21M
โ
โ
โ
โ
Share Buybacks
ยฅ-32M
ยฅ-59M
โ
โ
ยฅ-26M
LT Debt Repaid
ยฅ-670M
ยฅ-584M
ยฅ-521M
ยฅ-438M
ยฅ-807M
Free Cash Flow
ยฅ-88M
ยฅ215M
ยฅ-266M
ยฅ-736M
ยฅ-870M
Net Change in Cash
ยฅ21M
ยฅ372M
ยฅ-11M
ยฅ-430M
ยฅ197M
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
Return on Equity (ROE) โ
0.1%
8.3%
6.1%
-21.0%
0.1%
Return on Assets (ROA) โ
0.0%
1.8%
1.3%
-5.1%
0.0%
Gross Margin โ
10.6%
11.2%
8.7%
5.0%
4.0%
Operating Margin โ
1.6%
2.3%
0.3%
-4.4%
-5.7%
Net Margin โ
0.0%
1.6%
1.1%
-5.2%
0.0%
Current Ratio โ
2.51x
2.85x
3.28x
2.93x
3.92x
Quick Ratio โ
2.51x
2.85x
3.28x
2.92x
3.91x
Revenue / Share โ
ยฅ3,215
ยฅ3,016
ยฅ2,818
ยฅ2,342
ยฅ1,983
BV/Share โ
ยฅ569
ยฅ580
ยฅ551
ยฅ518
ยฅ642
NCAV/Share โ
ยฅ-589
ยฅ-493
ยฅ-429
ยฅ-482
ยฅ14
EPS โ
ยฅ0.49
ยฅ47.01
ยฅ32.35
ยฅ-121.82
ยฅ0.63
DPS โ
ยฅ12.00
ยฅ10.00
ยฅ0.00
ยฅ0.00
ยฅ0.00
Payout Ratio โ
2,449.0%
21.3%
0.0%
โ
0.0%
FCF/Share โ
ยฅ-42.62
ยฅ103.63
ยฅ-126.76
ยฅ-351.65
ยฅ-419.55
Market Valuation
Avg daily close price for calendar year ร most recently reported EPS / DPS
Metric
CY2023
CY2024
CY2025
Avg P/E โ
19.2ร
EPS from 2023-11
25.1ร
EPS from 2024-11
1925.4ร
EPS from 2025-11
Avg Div Yield โ
0.00%
DPS from 2023-11
0.85%
DPS from 2024-11
1.27%
DPS from 2025-11
Avg Daily Close
ยฅ622
ยฅ1,180
ยฅ943
Growth Rates (CAGR)
Metric
3yr CAGR (FY2022โ2025)
5yr CAGR
Stock Price
+6.0%
-10.3%
Sales
+10.7%
โ
FCF/Share
โ
โ
EPS
โ
โ
DPS
โ
โ
BV/Share
+3.2%
โ
NCAV/Share
โ
โ
No capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Large Shareholder Reports 4
#
Shareholder
Shares (thou.)
% of Total
1
YHC
๏ผน๏ผจ๏ผฃๆ ชๅผไผ็คพ
572,000
2
่ๆจ ๅ่ฒด
457,000
3
Employee Stock Ownership Plan
๏ผก๏ผจ๏ผฃใฐใซใผใ็คพๅกๆๆ ชไผ
62,300
4
ๆๅ
ไผธไป
60,000
5
G2
๏ผง๏ผๆ ชๅผไผ็คพ
54,400
6
ๅๅ
ๅนธๆฌก้
42,911
7
็ฐไธญ ๅบท้
39,080
8
ๅๅฑฑ ่ๅคช
35,762
9
MHC
๏ผญ๏ผจ๏ผฃๆ ชๅผไผ็คพ
30,000
10
่ ๅญฆ็ซ
28,500
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians โ GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
66.7%
-1.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2021
2022
2023
2024
2025
28.97%
28.70%
28.63%
27.52%
27.62%
+0.10%
่ๆจ ๅ่ฒด
23.38%
23.16%
23.10%
23.33%
22.06%
-1.27%
Employee Stock Ownership Plan
AHCใฐใซใผใ็คพๅกๆๆ ชไผ
โ
1.84%
2.70%
2.68%
3.01%
+0.33%
ๆๅ
ไผธไป
2.89%
2.87%
2.86%
2.89%
2.90%
+0.01%
2.94%
2.91%
2.91%
2.62%
2.63%
+0.01%
ๅๅ
ๅนธๆฌก้
1.93%
1.92%
1.95%
2.01%
2.07%
+0.06%
็ฐไธญ ๅบท้
NEW ENTRY
โ
โ
โ
โ
โ
1.89%
NEW
ๅๅฑฑ ่ๅคช
1.54%
โ
โ
1.66%
1.73%
+0.07%
โ
โ
โ
1.44%
1.45%
+0.01%
่ ๅญฆ็ซ
NEW ENTRY
โ
โ
โ
โ
โ
1.38%
NEW
Rakuten Securities, Inc.
ๆฅฝๅคฉ่จผๅธ
last seen 2024
Exited Top 10
โ
โ
โ
2.25%
โ
่ๆจ ๅๅฃ
last seen 2024
Exited Top 10
1.52%
1.57%
โ
1.41%
โ
The Master Trust Bank of Japan, Ltd. (Trust Account)
ๆฅๆฌใในใฟใผใใฉในใไฟก่จ้่ก
last seen 2021
Exited Top 10
1.52%
โ
โ
โ
โ
Custody Bank of Japan, Ltd. (Trust Account)
ๆฅๆฌใซในใใใฃ้่ก
last seen 2022
Exited Top 10
4.15%
3.16%
โ
โ
โ
MSIP CLIENT SECURITIES
last seen 2022
Exited Top 10
4.22%
3.91%
โ
โ
โ
SBI Securities Co., Ltd.
SBI่จผๅธ
last seen 2023
Exited Top 10
โ
โ
1.68%
โ
โ
Goldman Sachs
Goldman Sachs
last seen 2023
Exited Top 10
โ
โ
2.04%
โ
โ
็ข้ ็ฏ่ก
last seen 2023
Exited Top 10
โ
1.62%
2.48%
โ
โ
ๅผไผ็คพใตใทใใใซใ
last seen 2023
Exited Top 10
โ
โ
1.81%
โ
โ
Concentration (HHI)
โ
1449
1414
1397
1340
1289
5 fiscal years ยท top-10 holders per year ยท >2,500 HHI = high concentration ยท entity-resolved
โ CSV
Date Shareholder Stake Event Flag Demands Source
2025-10-21
YOSHITAKA ARAKI
49.11%
change
Passive
โ
2024-10-24
YOSHITAKA ARAKI
51.05%
change
Passive
โ
2024-07-22
Nomura Securities Co.,Ltd.
2.3%
change
Passive
โ
2024-07-05
NOMURA INTERNATIONAL PLC
6.06%
initial_5pct
Passive
โ
Date
Category
Summary
Amount
2026-01-16
๐ฅ Financial
Impairment
The company recognized impairment losses on fixed assets held in its welfare, nursing care, and food service business segments as of January 16, 2026, based on reassessment of future recoverability considering changes in business environment and earnings outlook. The impairment resulted in special losses of 61,428 thousand yen on a consolidated basis and 25,283 thousand yen on a non-consolidated basis for the fourth quarter of the fiscal year ending November 2025.
ยฅ61M
โบ
Summary
The company recognized impairment losses on fixed assets held in its welfare, nursing care, and food service business segments as of January 16, 2026, based on reassessment of future recoverability considering changes in business environment and earnings outlook. The impairment resulted in special losses of 61,428 thousand yen on a consolidated basis and 25,283 thousand yen on a non-consolidated basis for the fourth quarter of the fiscal year ending November 2025.
ๅฝ็คพๅใณๅฝ็คพใฐใซใผใใฎ็ฆ็ฅไบๆฅญใไป่ญทไบๆฅญใๅค้ฃไบๆฅญใซใฆไฟๆใใๅบๅฎ่ณ็ฃใซใคใใฆ...ๆธๆๆๅคฑใ่จไธใใใใพใใใ
โ