RYOJNasdaqServices-Management Consulting ServicesUS GAAP · USD

rYojbaba Co., Ltd.

rYojbaba Co., Ltd. provides labor consulting and health services in Japan. Its consulting work supports Japanese companies and labor unions, while its health-services operations run osteopathic clinics and a beauty salon.

Revenue9.3m USD
−19.4 %y/y
Operating profit (EBIT)-0.8m USD
−140.6 %y/y
EBIT margin-8.1%
−24.2 ppy/y
Net income0.1m USD
−91.0 %y/y
Free cash flow0.7m USD
+1.1 %y/y

Fiscal year 2025 · change from previous year

Development 2023–2025

-2.50.02.55.07.510.012.5m USD2023: 11 m USD2023: EBIT 1.3 m USD20232024: 12 m USD2024: EBIT 1.9 m USD20242025: 9.3 m USD2025: EBIT -0.76 m USD20259.3-0.76
RevenueOperating profit (EBIT)

Business

Share of revenue
Labor consulting services50 %

Strategic consulting and support for companies and labor unions on labor-related issues.

Union support services15 %

Infrastructure, membership, and operational support for labor union organizations.

Osteopathic clinics30 %

Health services delivered through the company's network of osteopathic clinics in Japan.

Beauty salon services5 %

Personal care services provided through the company's salon operation.

Customers

The company serves Japanese companies that need labor-related advisory support and labor unions that require organizational and operational assistance. Its health-services customers are local consumers seeking osteopathic care and related wellness services at the company's clinics and salon. The reports also indicate work tied to international labor organizations and foreign-worker support structures.

Japanese companies

Buy labor consulting and advisory services to address workplace and labor-relations issues.

Labor unions

Buy union infrastructure, membership support, and organizational services.

International labor organizations

Use the company’s labor-support and organization services for cross-border initiatives.

Clinic patients

Visit the osteopathic clinics for treatment and wellness services.

Beauty salon customers

Use the salon for personal-care services, likely as a smaller consumer segment.

Strategy

The company’s strategy centers on combining labor consulting with labor-union infrastructure services to deepen its role in workplace relations. It is also building an international labor-support platform while maintaining its domestic health-services footprint in Japan. The two-track model broadens its service base and ties advisory work to recurring organizational needs.

Expand labor union infrastructure servicesShort term

Creates recurring organizational relationships and broadens the consulting offering beyond one-off advice.

Develop international labor support capabilitiesMedium term

Extends the business into cross-border labor and organization work.

Maintain and scale clinic operationsMedium term

Provides an established domestic service base and diversifies revenue away from consulting.

Geography

rYojbaba is based in Fukuoka, Japan and operates primarily across Japan. Its clinic network is concentrated domestically, with reports describing 29 osteopathic clinics and one beauty salon in Japan. The consulting side is also Japan-centered, though recent disclosures reference international labor support and cross-border organizational work.

Risks

The business depends on maintaining demand for labor consulting and on successful execution of union-support projects, which can involve long service cycles and counterparties with specialized needs. Its clinic operations are exposed to local competition, regulatory expectations, and staffing requirements, while the international labor-support agenda adds execution and counterparty risk. Revenue recognition on service contracts and collectability of receivables are important because consulting and advisory arrangements can be milestone- or progress-based.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Service-contract revenue timing1Execution risk on international labor initiatives2Local service-operations competition3Counterparty and collection risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Service-contract revenue timingImpact: HighLikelihood: High

    Advisory and infrastructure services are recognized as obligations are satisfied, so timing depends on project progress.

    Exposure: Comprehensive labor support agreements

  2. Execution risk on international labor initiativesImpact: HighLikelihood: Medium

    The strategy requires building new relationships and operational frameworks across institutions.

    Exposure: Cross-border labor support projects

  3. Local service-operations competitionImpact: MediumLikelihood: High

    Clinic and salon businesses rely on local customer traffic and service quality.

    Exposure: Japan health-services network

  4. Counterparty and collection riskImpact: MediumLikelihood: Medium

    The company records provisions for doubtful accounts and has affiliated-company receivables/guarantees.

    Exposure: Consulting and affiliated-party balances

Accounting

Judgemental items
Revenue recognition over time

Labor support agreements are recognized as performance obligations are satisfied, affecting timing of reported revenue.

Impact: Consulting and union-support revenue can be deferred or spread across periods.

Allowance for doubtful accounts

Management estimates uncollectible receivables based on history and specific collectability assessments.

Impact: Affects operating profit and receivables quality.

Depreciation and amortization estimates

Buildings, fixtures, software, and goodwill use specific useful lives and straight-line methods.

Impact: Affects expense timing and reported asset values.

Related-party transactions and guarantees

The company discloses affiliate transactions and guarantees for borrowings.

Impact: Important for credit exposure and related-party comparability.

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

rYojbaba Co., Ltd. (Nasdaq) – Services-Management Consulting Services | Financial Analysis – Clarifo