Kanamic Network Co.,LTD
3939・Prime Market・Information & Communication
Business
Kanamic Network Co., Ltd. was established in October 2000 and is listed on the TSE Prime Market as a medical and long-term care-focused cloud service company. Under its management philosophy of "supporting community-based integrated care in a super-aging society through the cloud," the company mainly operates Kanamic Cloud Service, an ICT platform that enables real-time information sharing, communication, and data utilization across organizational boundaries among multi-disciplinary entities such as municipalities, medical associations, long-term care service providers, visiting nurses, and care managers. In addition, the company is composed of three segments: the Healthy Life Extension Business, which operates 24-hour fitness gyms; and the Solution Development Business, which provides IT contract development using the Ruby programming language and backend system implementation consulting. Its major customers include municipalities, medical associations, and long-term care service providers nationwide.
Business Model
The core of earnings is the Medical & Long-Term Care Cloud Platform Business (FY2025 (ending September 2025) net sales of ¥3,583 million, segment profit margin of 41.8%). Kanamic Cloud Service is a subscription-based stock-type business, and the number of paid user IDs has continued to expand from 89,267 IDs at the end of September 2021 to 221,822 IDs at the end of September 2025. This is accompanied by the Platform Service, which includes long-term-care-related internet advertising and website production, among others. The Healthy Life Extension Business (fitness gym operation and franchising) and the Solution Development Business (Ruby Development and Backend System Implementation Consulting) form complementary revenue sources.
Company Strengths
Since its founding in 2000, the company launched ASP services around the same time the long-term care insurance system came into effect. It holds a patent (Patent No. 4658225) and has participated in model projects sponsored by the Ministry of Health, Labour and Welfare and the Ministry of Internal Affairs and Communications, as well as joint research with the University of Tokyo Institute of Gerontology. It has obtained Privacy Mark certification (2006) and Medical Information ASP/SaaS Information Disclosure Certification (2017), establishing credibility and entry barriers within the industry.
The number of paid user IDs for Kanamic Cloud Service expanded approximately 2.5-fold over four years, from 89,267 IDs at the end of September 2021 to 221,822 IDs at the end of September 2025. Under a stock-type business model, revenue from existing customers accumulates steadily, and the segment profit margin of the Medical & Long-Term Care Cloud Platform Business remained at a high level of 41.8% (FY2025 (ending September 2025)).
Net sales expanded approximately 2.6-fold over five fiscal periods, from ¥2,081 million in FY2021 (ending September 2021) to ¥5,501 million in FY2025 (ending September 2025). Operating profit also increased from ¥842 million to ¥1,607 million over the same period, with an operating margin of 29.2% in FY2025 (ending September 2025). Against the FY2025 (ending September 2025) operating profit target of ¥1,600 million, the actual result of ¥1,607 million (achievement rate of 100.4%) reliably met the plan.
ENVALITH's Perspective
Performance Trend
Following five consecutive periods of revenue and profit growth from FY2021 through FY2025, the interim period of FY2026 (ending March 2026) (October 2025 - March 2026) also saw accelerating growth, with net sales of ¥3,135 million (up 17.8% year on year), EBITDA of ¥1,217 million (up 26.3%), operating profit of ¥1,001 million (up 30.9%), and interim net profit attributable to owners of the parent of ¥670 million (up 29.3%). While the gross profit margin declined slightly from 64.1% in the same period of the previous year to 63.6%, the operating profit margin improved from 28.7% to 31.9% as the growth rate of selling, general and administrative expenses (up 5.4%) was significantly lower than the growth rate of net sales (up 17.8%). As an external environment factor, the structural tailwind of an increasing number of long-term care insurance service users and providers, driven by the advance of the super-aged society, continues to function as a supportive force. Financial soundness was also maintained, with total assets of ¥7,009 million and an equity ratio of 71.5%.
Growth Strategy
Under Kanamic vision2035, the company is pursuing global expansion in medical and long-term care DX, centered on AI, overseas markets, and M&A
Continuing to acquire new customers on a base of recurring revenue from existing customers. Kanamic Cloud Service revenue for the first half of FY2026 (ending March 2026) was ¥1,620 million (up 8.6% year on year), maintaining stable growth. Growth in the number of paid user IDs underpins revenue stability.
Analyzing acquired patient and care-recipient information as big data to develop AI services that uncover evidence needed by national and local governments, insurance companies, and other entities. The launch of long-term care AI SaaS equipped with autonomous AI agents aims to increase service value-add, driving higher unit prices and new customer acquisition.
Continuing to expand directly-operated and franchise 24-hour fitness gyms while promoting cost reduction through DX of store operations. Segment profit margin for the first half of FY2026 (ending March 2026) improved substantially to 15.6% (versus 8.0% in the same period of the previous year). New store openings by Urban Fit Co., Ltd. are also ongoing.
The Solution Development Business, which includes THE WORLD MANAGEMENT PTE LTD, recorded a segment loss of ¥16 million in the first half of FY2026 (ending March 2026) due to upfront costs on certain projects. Engineer staffing within the group is being reviewed, with improving profitability in the second half remaining a key challenge. Expansion into ASEAN leveraging the Singapore base is also continuing.
Under Kanamic vision2035, the company is pursuing growth by balancing organic growth investment in existing businesses, strategic M&A, and shareholder returns. A financial base of ¥3,419 million in cash and cash equivalents and an equity ratio of 71.5% underpins its capacity for M&A. THE WORLD MANAGEMENT PTE LTD was consolidated in the previous fiscal year.
The annual dividend forecast for FY2026 (ending March 2026) is ¥9.00 per share (a 20% increase from ¥7.50 in the previous fiscal year). The interim dividend is planned at ¥0 and the year-end dividend at ¥9.00, unchanged from the previous forecast. Net income per share for the first half was ¥14.12 (versus ¥10.93 in the same period of the previous year), an increase, and the company aims to maintain or improve its dividend payout ratio.
Last updated: July 17, 2026