# CHARM CARE CORPORATION: business model and financials

> Latest period: FY ending Jun 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第41期(2024/07/01－2025/06/30) (S100XC38)
> Page: https://vizora.meequs.com/en/company/charm-care
> Retrieved: 2026-09-30T21:35:22.705Z

## Company

Charm Care, founded in 1984, is a company in Real Estate Development & Leasing listed on TSE Prime. It has 2,261 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | CHARM CARE CORPORATION |
| Ticker | 6062 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6062.T) |
| Listing | TSE Prime |
| Head office | 大阪市北区中之島三丁目6番32号 |
| Representative (per filing) | 代表取締役会長兼CEO 下村 隆彦 |
| Founded | Aug 1984 |
| Share capital | ¥2.76B |
| Employees (consolidated) | 2,261 |
| Average salary (parent only) | ¥4.7M |
| Fiscal year end | June |
| Corporate number | 5120001109492 |
| EDINET | E26444 |
| Industries (Vizora) | Real Estate Development & Leasing, Nursing Care |

> Profile source: annual securities report (S100XC38, filed 2025-12-22). As of filing

## Five-axis industry profile

Primary industry: Nursing Care (2025-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 69 | 21 |
| Cash conversion | 28.9 | 19 |
| Efficiency | 40.5 | 21 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 87% of Charm Care's sales come from Nursing care, with Real estate business revenue making up much of the rest.
- Out of every ¥100 of sales, about ¥8 is left as operating profit.
- Revenue changed -2.4% from the prior year, operating profit -28.6%.

## Company structure

- Segment revenue mix: Nursing care 87.4%、Real estate business revenue 12.6%
- Revenue → net income: ¥46673000000 → ¥2936000000
- Net income → operating cash flow: ¥2936000000 → ¥3731000000（difference ¥795000000）
- Main uses of operating cash flow: CapEx ¥4841000000 / dividends ¥980000000 / buybacks —
- Change in cash: ¥-3495000000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥46.7B |  |
| Operating income | ¥3.85B | Margin 8.2% |
| Net income | ¥2.94B | Margin 6.3% |
| Free cash flow | -¥1.11B |  |
| Largest business | Nursing care | of segment revenue 87.4% |
| Employees (consolidated) | 2,261 |  |
| EPS | ¥109.65 |  |
| Diluted EPS | ¥109.51 |  |
| Book value per share | ¥638.3 |  |
| Equity ratio | 39.4% |  |
| Shares outstanding | 32,712,000 |  |
| Treasury shares | 43,600 |  |
| Shareholders | 6,276 |  |
| Average salary (parent only) | ¥4.7M | Filing company only |
| Cash ratio | 17.5% | Cash ÷ revenue 19.6% |
| Vs. industry median margin | +2.1 pp | Nursing Care |
| ROE | 14.9% | Derived from disclosed figures |
| ROA | 5.9% | Derived from disclosed figures |

## Notable figures

- FY2025, revenue is 2.0× its level five years ago
- FY2025, one segment accounts for 99% of positive segment profit

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Jun 2020 | FY ending Jun 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥19619548000 | ¥46673000000 | — |
| Operating income | ¥1902993000 | ¥3845000000 | — |
| Operating margin | 9.7% | 8.2% | -1.5 pp |
| Employees | 1,336 people | 2,261 people | — |
| Cash and equivalents | ¥5613850000 | ¥9149000000 | — |

### Change in segment revenue mix

Span: FY ending Jun 2020 → FY ending Jun 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 新設・再編 → 介護事業 | 87.4% |
| 新設・再編 → 不動産事業 | 12.6% |

Segment revenue source references: 2 (derived)

## Income statement（FY ending Jun 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 46,673 | 100.0% | S100XC38 |
| Cost of revenue | 39,429 | 84.5% | S100XC38 |
| Gross profit | 7,244 | 15.5% | S100XC38 |
| SG&A | 3,399 | 7.3% | S100XC38 |
| Operating income | 3,845 | 8.2% | S100XC38 |
| Ordinary income | 4,024 | 8.6% | S100XC38 |
| Pretax income | 4,391 | 9.4% | S100XC38 |
| Income tax | 1,455 | 3.1% | S100XC38 |
| Net income | 2,936 | 6.3% | S100XC38 |
| Net income attributable to owners | 2,936 | 6.3% | S100XC38 |

## Per ¥100 of revenue（FY ending Jun 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 85 |
| SG&A | 7 |
| Operating income | 8 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 15.5% → Operating margin 8.2% → Net margin 6.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -2.4%; Core profit growth: -28.6%
Operating leverage (core profit growth ÷ revenue growth): 11.84×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Jun 2024 → FY ending Jun 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 47,829 | 46,673 | -1,156 | -2.4% |
| Gross profit | 8,311 | 7,244 | -1,067 | -12.8% |
| Operating income | 5,386 | 3,845 | -1,541 | -28.6% |
| Net income attributable to owners | 4,276 | 2,936 | -1,340 | -31.3% |
| Operating cash flow | 10,534 | 3,731 | -6,803 | -64.6% |
| Free cash flow | 6,514 | -1,110 | -7,624 | -117.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2019 | 16,560 | 1,423 | 8.6% | 1,009 | 2,086 | 1,438 | S100JRH0 |
| FY ending Jun 2020 | 19,620 | 1,903 | 9.7% | 1,207 | 1,216 | 737 | S100JRH0 |
| FY ending Jun 2021 | 22,984 | 2,015 | 8.8% | 1,536 | 2,559 | 124 | S100Q38N |
| FY ending Jun 2022 | 29,071 | 2,309 | 7.9% | 2,951 | 3,945 | 1,336 | S100RXLI |
| FY ending Jun 2023 | 37,887 | 4,197 | 11.1% | 3,206 | 496 | -1,617 | S100UG0P |
| FY ending Jun 2024 | 47,829 | 5,386 | 11.3% | 4,276 | 10,534 | 6,514 | S100XC38 |
| FY ending Jun 2025 | 46,673 | 3,845 | 8.2% | 2,936 | 3,731 | -1,110 | S100XC38 |

## People and productivity（FY ending Jun 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥20.6M |
| Operating income per employee (consolidated) | ¥1.7M |
| Net income per employee (consolidated) | ¥1.3M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Jun 2021 | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 1,550 | 1,859 | 1,996 | 2,025 | 2,261 |
| Average salary (parent company) | ¥4.2M | ¥4.3M | ¥4.4M | ¥4.4M | ¥4.7M |
| Average age (parent company) | 42.3 years | 42.2 years | 43.8 years | 43.1 years | 43.4 years |
| Average tenure (parent company) | 2.9 years | 3.2 years | 3.5 years | 3.9 years | 4.1 years |

Year over year: Employees (consolidated) +11.7% · Revenue (consolidated) -2.4%

## Segments（FY ending Jun 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Nursing care | 39,063 | 87.4% | 4,802 | 12.3% |
| Real estate business revenue | 5,607 | 12.6% | 65 | 1.2% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Nursing care | 87.4% | 98.7% | 11.2 | 12.3% |
| Real estate business revenue | 12.6% | 1.3% | -11.2 | 1.2% |

Segment → industry: Real estate business revenue → Real Estate Development & Leasing / Nursing care → Nursing Care

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Jun 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 3,731 | 8.0% | S100XC38 |
| Capital expenditure | 4,841 | 10.4% | S100XC38 |
| Free cash flow | -1,110 | -2.4% | 算出 |
| Investing cash flow | -8,509 | -18.2% | S100XC38 |
| Financing cash flow | 1,282 | 2.7% | S100XC38 |
| Dividends paid | 980 | 2.1% | S100XC38 |
| Change in cash | -3,495 | -7.5% | S100XC38 |
| Cash and equivalents | 9,149 | 19.6% | S100XC38 |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Jun 2021 | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 5,940 | 6,941 | 6,813 | 12,640 | 9,149 | S100RXLI, S100UG0P, S100XC38 |
| Total assets | 28,598 | 37,355 | 43,304 | 47,339 | 52,414 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Net assets | 11,125 | 12,458 | 15,135 | 18,706 | 20,678 | S100RXLI, S100UG0P, S100XC38 |
| Share capital | 2,759 | 2,759 | 2,759 | 2,759 | 2,759 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Property, plant and equipment | 9,009 | 10,427 | 11,037 | 12,264 | 16,492 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Intangible assets excluding goodwill | 548 | 3,083 | 2,873 | 2,680 | 2,613 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Goodwill | 457 | 3,017 | 2,802 | 2,588 | 2,389 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Investment securities | — | 300 | 610 | 10 | 2,195 | S100RXLI, S100UG0P, S100XC38 |
| Current assets | 9,793 | 17,075 | 21,448 | 24,415 | 21,905 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Current liabilities | 7,832 | 16,277 | 20,060 | 22,040 | 23,582 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Short-term borrowings | 2,543 | 2,140 | 5,374 | 4,667 | 5,787 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Long-term borrowings | 4,652 | 7,336 | 6,597 | 5,122 | 6,175 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Total liabilities | 17,472 | 24,896 | 28,168 | 28,632 | 31,736 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Equity attributable to owners of parent | 11,123 | 12,432 | 15,098 | 18,684 | 20,650 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Retained earnings | 5,698 | 6,994 | 9,646 | 13,205 | 15,157 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |
| Treasury stock | -83 | -76 | -66 | -43 | -35 | S100Q38N, S100RXLI, S100UG0P, S100XC38 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 17% | S100XC38 |
| Property, plant and equipment | 32% | S100XC38 |
| Intangibles and goodwill | 10% | S100XC38 |
| Investment securities | 4% | S100XC38 |
| Other assets | 37% | S100XC38 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 61% | S100XC38 |
| Equity | 39% | S100XC38 |

### Balance sheet history

| Metric | FY ending Jun 2021 | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 28,598 | 37,355 | 43,304 | 47,339 | 52,414 |
| Equity | 11,125 | 12,458 | 15,135 | 18,706 | 20,678 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 5,940 | 6,941 | 6,813 | 12,640 | 9,149 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 35.3% | S100XC38 |
| Fixed assets ÷ total assets | 31.5% | S100XC38 |
| Goodwill ÷ parent equity | 11.6% | S100XC38 |

Goodwill over 4 years: 457 → 2,389 JPY; total investing cash flow: -18,981 JPY. This does not imply causation.

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 17.5% |
| Cash ÷ revenue | 19.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 97.0% |
| Cash vs. profit gap | 795 JPY mn (of net income 27.1%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 33.4% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 10.4% |
| Investing CF relative to operating CF | 228.1% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 6.7% | 0.80× | 5.4% | 2.57× | 13.8% | S100Q38N |
| 2022 | 10.2% | 0.88× | 8.9% | 2.80× | 25.1% | S100RXLI |
| 2023 | 8.5% | 0.94× | 7.9% | 2.93× | 23.3% | S100UG0P |
| 2024 | 8.9% | 1.06× | 9.4% | 2.68× | 25.3% | S100XC38 |
| 2025 | 6.3% | 0.94× | 5.9% | 2.54× | 14.9% | S100XC38 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社エス・ティー・ケー | Major shareholder | 29.4% | 2025-06-30 |
| 下村 隆彦 | Major shareholder | 16.2% | 2025-06-30 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 10.8% | 2025-06-30 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 6.9% | 2025-06-30 |
| GOVERNMENT OF NORWAY (常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 1.3% | 2025-06-30 |
| 東急不動産株式会社 | Major shareholder | 1.2% | 2025-06-30 |
| ＪＰモルガン証券株式会社 | Major shareholder | 1.1% | 2025-06-30 |
| STATE STREET BANK AND TRUST COMPANY 505044 (常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.1% | 2025-06-30 |
| チャーム・ケア・コーポレーション従業員持株会 | Major shareholder | 1.0% | 2025-06-30 |
| 丸本 桂三 | Major shareholder | 1.0% | 2025-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第41期(2024/07/01－2025/06/30) | S100XC38 | 2025-12-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XC38,, |
| 有価証券報告書－第40期(2023/07/01－2024/06/30) | S100UG0P | 2024-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UG0P,, |
| 有価証券報告書－第39期(2022/07/01－2023/06/30) | S100RXLI | 2023-09-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RXLI,, |
| 訂正有価証券報告書－第38期(2021/07/01－2022/06/30) | S100Q38N | 2023-02-06 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Q38N,, |
| 有価証券報告書－第37期(令和2年7月1日－令和3年6月30日) | S100MIID | 2021-09-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MIID,, |
| 有価証券報告書－第36期(令和1年7月1日－令和2年6月30日) | S100JRH0 | 2020-09-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100JRH0,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).