CaSy Co.,Ltd.

Business Details

CaSy Co., Ltd. operates under the mission of "creating time to cherish what matters most," providing housework support services such as Cleaning Proxy & Cooking Proxy Service and house cleaning through its online matching platform "CaSy," which completes the entire process from request to service delivery online. The company has as consolidated subsidiaries Sukkiri Meister Co., Ltd. (high-quality house cleaning) and Sanju Co., Ltd. (community-based housework support in Okayama, Hiroshima, and Okinawa). It has also begun accepting foreign housework support personnel (Jolly Cast) in earnest, utilizing the National Strategic Special Zone system.

Recent Overview

Net sales increased 15.1% year on year, but the company fell into an operating loss for the interim period due to upfront investments

Net sales for H1 FY2026 (ending November 2026) (December 2025 to May 2026) were ¥1,033 million (up 15.1% year on year), securing an increase in sales, while selling, general and administrative expenses expanded to ¥387 million (up 19.2% year on year), resulting in an operating loss of -¥6 million (compared to operating profit of ¥13 million in the same period of the previous year). Starting in May, the company began providing services using foreign housework support personnel (Jolly Cast) utilizing the National Strategic Special Zone system. In April, the company newly entered into an administrative business partnership with Musashino City. Cash and cash equivalents decreased by ¥63 million from the end of the previous fiscal year to ¥287 million. There is no change to the full-year earnings forecast (net sales of ¥2,124 million, operating loss of ¥133 million).

Key Products

Growth Drivers

• Expanding demand due to the increase in dual-income households and changing attitudes toward outsourcing housework
• Expansion of government subsidies for housework support businesses against the backdrop of measures to address the declining birthrate (promoting partnerships with various municipalities within Tokyo, entry into Musashino City in April 2026)
• Strengthening of supply capacity through the full-scale acceptance of foreign housework support personnel (Jolly Cast) utilizing the National Strategic Special Zone system
• Strengthening of house cleaning services by Sukkiri Meister Co., Ltd. and expansion of service areas through partnership with Sanju Co., Ltd.
• Maximization of matching opportunities through the use of IT technologies such as an automated matching system and dynamic pricing
• Securing human resources and strengthening competitiveness through sustained wage increases enabled by the adoption of the "SME Growth Acceleration Subsidy"

Risks

• Risk that securing casts (service providers) and quality control may become a constraint on business growth
• Safety and reliability risks associated with providing services in customers' private spaces
• Information security risk due to high dependence on the online platform (handling of large volumes of personal information)
• Risk of earnings deterioration, with the full-year forecast projecting an operating loss of ¥133 million and an ordinary loss of ¥139 million (uncertainty regarding progress toward the plan, given the interim operating loss of -¥6 million)
• Financial risk of carrying accumulated losses, with retained earnings of -¥319 million (as of the end of H1 FY2026 (ending November 2026))
• Risk of continued cash outflow, with cash and cash equivalents decreasing by ¥63 million from the end of the previous fiscal year to ¥287 million
• Risk of intensifying competition with competitors in the housework support services market (housekeeper staffing agencies, sole proprietors, etc.)