AHC GROUP INC.
7083・Growth Market・Services
Welfare Business
AHC Group's core segment. Operates 98 offices, accounting for approximately 57% of Group revenue.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (H1 cumulative) | ¥1,974 million | ¥1,827 million | ↑ |
| Operating profit (H1 cumulative) | ¥119 million | ¥105 million | ↑ |
| Operating margin (H1 cumulative) | 6.1% | 5.7% | ↑ |
| Goodwill balance (end of H1) | ¥285 million | ¥306 million | ↓ |
| Number of offices (end of H1) | 98 offices | 97 offices | ↑ |
Business Details
Operates 98 disability welfare service offices centered on the greater Tokyo metropolitan area. Provides After-School Day Service / Child Development Support, Communal Living Support (Group Home), Type B Continuous Employment Support, Daily Life Care, consultation support, and other services under a public-funding-dependent business model. Service fees are received from the National Federation of Health Insurance Societies and from users. Also operates ancillary businesses such as License / Trademark Licensing / Management Services. Six consolidated subsidiaries—SL Company, Terrace World, RAISE, CONFEL, Papageno, and A Next Works—handle the operations.
Recent Overview
Opened one new Type B Continuous Employment Support office and achieved higher revenue and profit through improved utilization rates driven by DX promotion.
In May 2026, one Type B Continuous Employment Support office was newly opened in Tokyo, bringing the number of offices at the end of the interim period to 98. At existing offices, operational efficiency was optimized through user acquisition, improved utilization rates, and enhanced use of the generative AI tool "AI Shien-san" to promote DX. As a result, the company achieved revenue of ¥1,974 million (up 8.0% year on year) and operating profit of ¥119 million (up 14.1% year on year), representing growth in both revenue and profit. The number of disability welfare service users continued to expand, reaching 1.761 million as of January 2026 (up 6.1% year on year).
Key Products
Growth Drivers
- Continued increase in the number of disability welfare service users (1.761 million as of January 2026, up 6.1% year on year)
- Planned opening of new offices (one Type B Continuous Employment Support office opened in Tokyo in May 2026)
- Growth in usage performance through improved utilization rates at existing offices and acquisition of new users
- Promotion of DX and operational efficiency improvement and service quality enhancement through the generative AI tool "AI Shien-san"
- Strengthening of one-stop service capabilities through enhancement of Type B Continuous Employment Support, Daily Life Care, and Communal Living Support
- Business expansion through M&A (scale expansion via the full consolidation of Papageno Co., Ltd. as a subsidiary)
Risks
- Short-term pressure on earnings due to increased costs of opening new offices
- Rising recruitment and retention costs due to chronic shortage of welfare personnel
- Regulatory change risk such as revisions to disability welfare service compensation (public-funding-dependent business model)
- Future impairment risk associated with the goodwill balance of ¥285 million
- Increased capital expenditure and financial burden from new office openings involving real estate acquisition
- Increasing difficulty in maintaining management systems and operational quality due to geographic dispersion of offices
Last updated: February 25, 2026