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Commercial Services

Solasto Corp.

Business Summary

Solasto Corp. engages in the provision of medical and welfare-related services. It operates through the following business segments: Medical Outsourcing, Elderly and Child Care, and Others. The Medical Outsourcing segment provides medical-related contractual services such as reception, accounting, medical fee billing, and hospital management support services. The Elderly and Child Care segment offers home help service, day service, home care support, short-term inpatient living care service, and pay nursing home. The Others segment includes real estate leasing and non-life insurance agency business. The company was founded in October 1965 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue106,182M1,001.17M
Gross Profit17,575M165.71M
Operating income6,063M57.16M
Income before tax5,354M50.48M
Net income3,538M33.35M
EBITDA8,401M79.21M
Diluted EPS37.400.35
Dividends Per Share19.500.18
Total Assets60,103M543.91M
Total liabilities41,629M376.73M
Total equity18,472M167.16M
Operating cash flow6,728M63.43M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 65,413.62M 74,329M 84,251M 95,719M 106,182M
Gross Profit 11,166.98M 12,982M 15,157M 17,001M 17,575M
Operating income 3,654.77M 4,190M 5,031M 5,466M 6,063M
Income before tax 3,639.80M 4,100M 4,954M 6,965M 5,354M
Net income 2,473.17M 2,710M 3,506M 4,739M 3,538M
EBITDA 4,233.99M 5,195M 6,543M 7,416M 8,401M
Diluted EPS 26.38 9.58 37.09 50.11 37.40
Dividends Per Share 14.33 14.99 19 19.50 19.50
Total Assets 23,802.21M 37,665M 45,798M 57,703M 60,103M
Total liabilities 13,545.10M 25,791M 31,860M 40,930M 41,629M
Total equity 10,257.10M 11,871M 13,936M 16,770M 18,472M
Operating cash flow 3,086.51M 5,068M 5,153M 4,248M 6,728M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 604.07M 670.64M 759.73M 880.37M 1,001.17M
Gross Profit 103.12M 117.13M 136.67M 156.36M 165.71M
Operating income 33.75M 37.80M 45.36M 50.27M 57.16M
Income before tax 33.61M 36.99M 44.67M 64.06M 50.48M
Net income 22.83M 24.45M 31.61M 43.58M 33.35M
EBITDA 39.09M 46.87M 59.00M 68.20M 79.21M
Diluted EPS 0.24 0.08 0.33 0.46 0.35
Dividends Per Share 0.13 0.13 0.17 0.17 0.18
Total Assets 213.60M 354.16M 413.76M 534.50M 543.91M
Total liabilities 121.55M 242.51M 287.84M 379.13M 376.73M
Total equity 92.04M 111.62M 125.90M 155.34M 167.16M
Operating cash flow 28.50M 45.72M 46.46M 39.07M 63.43M

Valuation Measures

Mar 2021
PER38.07
ROA6.00%
ROE20.07%
Operating margin5.71%
Profit margin3.33%

Key executives

  • President, CEO & Representative Director: Yoshikazu Fujikawa
  • Chief Financial Officer, GM-Finance & Accounting: Mitsuhiro Okada
  • Director & General Manager-Medical Business: Masumi Tamai
  • Chief Information Officer & GM-Information Systems: Kazuhiro Masuhara
  • Executive Officer & GM-Corporate Planning: Keiichi Harada

Shareholders

  • Daito Trust Construction Co., Ltd. (33.6%)
  • Toho Holdings Co., Ltd. (9.2%)
  • T. Rowe Price International Ltd. (Japan) (7.8%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.1%)
  • Swedbank Robur Fonder AB (2.9%)
  • Columbia Wanger Asset Management LLC (2.7%)
  • Infocom Corp. (2.6%)
  • Nikko Asset Management Co., Ltd. (2.5%)
  • Solasto Employee Stock Ownership Plan (1.6%)
  • Nomura Asset Management Co., Ltd. (1.5%)

Contact Details

  • Website:http://www.solasto.co.jp
  • Address: A-Place Shinagawa Higashi 6/F, 1-7-18 Konan, Tokyo, 108-8210, Japan
  • Phone: +81.3.3450.2610

Related Companies

  • Japan Elderly Care Service Inc.
  • Meguminokai YK
  • Meguminokai KK
  • Wing Support Megu KK
  • Nagoyaka CareLink Co., Ltd.
  • Jawa KK
  • Pinnacle KK
  • Japan CareLink Co., Ltd.
  • Best Care KK (Ehime)
  • Jyu Center KK
  • 5C's Healthcare Co., Ltd.
  • All Life Mate Co., Ltd.
  • Solasto Employee Stock Ownership Plan

Competitors

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