Cocorport, Inc.
9346・Growth Market・Services
Business
Cocorport Co., Ltd. is a company specializing in Designated Disability Welfare Services, founded in 2012. Centered on Employment Transition Support, Employment Retention Support, and Designated Care Planning Consultation Support Services based on the Comprehensive Support Act for Persons with Disabilities, the company also operates the Independence Training (Life Training) Service Cocorport College, aimed at supporting individuals with social withdrawal (hikikomori), and Cocorport Rework, specialized in return-to-work support. As of the end of June 2025, the company operates 120 locations nationwide (81 Employment Transition Support locations and 39 Independence Training locations), expanding from its core base in the Greater Tokyo Area (Tokyo and three surrounding prefectures) into Aichi, Osaka, Hyogo, Kyoto, Fukuoka, and Gunma. It has a track record of supporting over 4,900 cumulative job placements with an employment retention rate of 89.7%. Its main clients are individuals with disabilities, and it operates as a public-system business, receiving compensation via government bodies (National Health Insurance Associations).
Business Model
Revenue is determined by multiplying the fixed public compensation rate under the Act on Comprehensive Support for Persons with Disabilities by the number of user attendance days. Compensation is received from public authorities (National Health Insurance Federations), and for Employment Transition Support, the base compensation rate increases or decreases in a performance-linked design tied to the number of persons employed and the employment retention rate. Since each facility is subject to a statutory capacity limit, continuous growth in the number of locations is essential for sales expansion. The Independence Training Service has a synergistic structure that serves as a pipeline into Employment Transition Support.
Company Strengths
Among users who found employment between October 2023 and October 2024, 89.7% remained continuously employed for six months or more. Since the employment retention rate forms the basis for calculating compensation unit prices, maintaining a high retention rate directly leads to improved revenue unit prices. The cumulative number of users who found employment has reached over 4,900, building a track record that substantiates the high quality of support provided.
The company has developed and implemented over 600 types of programs for Employment Transition Support and over 450 types of programs for Independence Training (Cocorport College). It differentiates itself from other operators through a broad eligibility framework that accepts users attending as little as about two days per week, and by thoroughly providing individualized support tailored to each person's situation rather than group-based instruction.
As of the end of FY2025 (ending June 2025), the equity ratio stood at 75.7% (up from 74.1% in the previous period), and interest-bearing debt totaled ¥1,666 thousand, representing virtually debt-free management. Cash and cash equivalents amounted to ¥1,728,119 thousand, maintaining a financial structure capable of funding new site openings through internal funds and operating cash flow.
ENVALITH's Perspective
Performance Trend
Revenue has continued to grow steadily, rising from ¥5,084 million in FY2023 to ¥5,751 million in FY2024 to ¥6,377 million in FY2025. For the cumulative nine months of the third quarter of FY2026 (ending June 2026), revenue was ¥5,207 million (up 11.5% year on year), operating profit was ¥610 million (up 15.5%), ordinary profit was ¥627 million (up 18.5%), and quarterly net profit was ¥426 million (up 18.6%). Amid a tailwind from the expanding market for employment of persons with disabilities as an external factor (both the number of employed persons with disabilities and the actual employment rate hit record highs), the increase in the number of locations from 120 at the end of the previous fiscal year to 126 (130 including pre-opening locations) drove the revenue growth. In non-operating income, subsidy income increased from ¥4 million in the same period of the previous year to ¥12 million, causing the growth in ordinary profit to exceed that of operating profit. The equity ratio improved to 78.2%, also indicating enhanced financial soundness.
Growth Strategy
Continued expansion of the number of locations, strengthening of Independence Training services, and deepening synergies through regional dispersion
The number of locations expanded from 120 at the end of the previous fiscal year to 126 as of the end of March 2026 (130 including pre-opening locations). With a composition of 84 Employment Transition Support locations and 42 Independence Training locations, the company will continue to promote new store openings to build up its revenue scale.
The number of Cocorport College and Cocorport Rework locations expanded from 39 at the end of the previous period to 42 (44 including pre-opening locations). The company will strengthen the breadth of support through combination with Employment Transition Support and enhance its response to the diverse needs of people with mental disabilities, developmental disabilities, and others.
The statutory employment rate is scheduled to be raised to 2.7% in July 2026. With the proportion of companies achieving the statutory employment rate remaining at 46.0%, the company will strengthen its collaboration and support framework for corporations in order to capture the needs of companies that have not yet met the rate to promote employment of people with disabilities. As an external factor, favorable market conditions are expected to continue.
Through maintaining and improving the employment retention rate of 89.7%, the company will secure unit price levels under the employment outcome-linked fee structure. It will differentiate the quality of its support through continued strengthening of its more than 600 types of programs and its specialized staff framework.
Last updated: July 17, 2026