QLS Holdings Co., Ltd
7075・Growth Market・Services
QLS Holdings Co., Ltd
7075・Growth Market・Services
Business
QLS Holdings Co., Ltd. is a pure holding company guided by its corporate philosophy of "Quality of Life – High-quality living for everyone!!" Under its umbrella are subsidiaries including Qualis Co., Ltd., L-Serve Co., Ltd., and Dowin Co., Ltd., through which it operates three segments: the Childcare Business (revenue of ¥6,672 million), centered on licensed nursery schools and after-school childcare; the Nursing Care & Welfare Business (revenue of ¥3,021 million), which diversifies across home-visit care, group homes for people with disabilities, home-visit nursing, and more; and the Staffing Business (revenue of ¥1,949 million), primarily focused on specialized staffing for automobile dealers. The company operates facilities and offices across 10 prefectures and municipalities including Saitama, Tokyo, Osaka, and Okinawa, with major clients including municipal governments, National Health Insurance associations, and automobile dealers. It is a growth company that listed on the Tokyo Stock Exchange Growth Market in December 2024.
Business Model
In the Childcare Business, outsourcing fees and facility-based benefit payments are provided by local governments for the operation of licensed nursery schools and similar facilities. In the Nursing Care & Welfare Business, nursing care insurance compensation and disability welfare service compensation channeled through the National Health Insurance Federations serve as the main revenue source. Both are stable fee-based businesses backed by public institutional systems, structured such that growth in the number of users and facilities directly translates into higher revenue. The Staffing Business generates staffing fee revenue by supplying specialized personnel to automobile dealers and similar clients. Expansion of facility count through a combination of M&A and new openings serves as the growth engine.
Company Strengths
The majority of revenue consists of municipal outsourcing fees, nursing care insurance benefits, and disability welfare service benefits. At licensed nursery schools, since guardians pay childcare fees directly to municipalities, income to the Group is secured stably as a public benefit payment. Of the ¥12,024 million in revenue for FY2026 (ending March 2026), Tokyo alone accounted for ¥3,603 million (30.0%), and ongoing contracted relationships with major municipalities support the stability of earnings.
The company executed multiple M&A transactions in a short period: the acquisition of Fureai Town Co., Ltd. and Nagomi Co., Ltd. in August 2023, the transfer of the group home business for people with disabilities (g-port) in November of the same year, and the acquisition of Nagomi Life Care Co., Ltd. in May 2024. It has built a diversified portfolio spanning childcare, nursing care, welfare for people with disabilities, and staffing, and has a track record of expanding scale while diversifying single-business risk.
By operating three businesses—childcare, nursing care & welfare, and staffing—the Group can prevent turnover that would otherwise occur in a standalone business by enabling career transitions within the Group. There have been actual cases of career advancement from temporary staff to home-visit nursing site manager, and of transitions from the childcare business to the nursing care & welfare business, achieving personnel retention and reduced recruitment costs by leveraging multi-business, multi-region operations.
ENVALITH's Perspective
Performance Trend
For FY2026 (ending March 2026), net sales came to ¥12,024 million (up 14.0% year on year), operating profit was ¥880 million (up 44.1%), ordinary profit was ¥900 million (up 51.4%), and net income attributable to owners of the parent was ¥510 million (up 37.1%). Gross profit margin was flat at 16.5% (versus 16.5% in the previous period), while operating profit margin improved to 7.3% (from 5.8% in the previous period). All three segments achieved both higher revenue and higher profit, with the Staffing Business segment profit showing particularly strong growth of 43.6% year on year. As an external factor, resilient service consumption driven by improvements in the employment and income environment provided a tailwind, while upward cost pressure from price increases and labor shortages continued. The company's forecast for FY2027 (ending March 2027) calls for net sales of ¥13,546 million (up 12.7%), operating profit of ¥1,077 million (up 22.5%), and net income of ¥726 million (up 42.4%).
Growth Strategy
Pursuing sustainable growth through expansion of childcare and nursing care & welfare facility counts, M&A, and inter-segment synergies
Continuing to expand the number of licensed nursery schools and after-school childcare facilities, including the new opening of Qualis Kids Higashi-Urawa Nursery School and the launch of after-school childcare operations in Tamba City, Hyogo Prefecture. Childcare Business revenue for FY2026 (ending March 2026) expanded steadily to ¥6,672 million (up 12.4% year on year), further supported by tailwinds from the government's After-School Children Support Package 2025.
Through the acquisition of Nagomi Life Care Co., Ltd. in May 2024 and the new opening of e-maru Plus Okinawa (Communal Living Support), Nursing Care & Welfare Business revenue expanded to ¥3,021 million (up 16.0% year on year) in FY2026 (ending March 2026). Against a backdrop of growing demand for group homes for people with disabilities, the company continues to pursue scale expansion combining M&A with organic growth. An impairment loss of ¥143 million was recorded, and monetizing the acquired facilities is the next challenge.
Promoting stronger coordinator hiring and new location openings against a backdrop of rising demand for staffing at automobile dealers. Segment revenue for FY2026 (ending March 2026) reached ¥1,949 million (up 19.1% year on year), with segment profit of ¥239 million (up 43.6%), marking the highest growth rate. The company is also expanding global talent recruitment through the deployment of foreign coordinators.
Recorded ¥14 million in stock acquisition rights in FY2026 (ending March 2026), versus zero in the prior period. In the welfare and staffing industries, which face severe labor shortages, the company has established an incentive system to secure and retain talented personnel, aiming to strengthen the human resource base that supports facility expansion.
Last updated: July 19, 2026