rYojbaba Co., Ltd. (NASDAQ: RYOJ)

rYojbaba Co., Ltd. is a Japan based company that provides labor and corporate consulting services together with osteopathic health services. The firm helps companies and labor unions improve workplace relations and address work related stress. It also operates osteopathic clinics and a beauty salon that treat physical ailments linked to stress. The company is headquartered in Fukuoka and its shares trade on the Nasdaq Capital Market under ticker RYOJ.

Revenue comes from two main sources: consulting fees charged to companies and labor unions for advice on labor relations whistleblower systems stress checks and subsidy applications; and service fees from osteopathic clinics and the Speed Kogao beauty salon for treatments acupuncture cranial adjustment fascia release HIFU and HydraFacial. In the fiscal year ended December 31 2025 approximately 83 percent of total revenue was derived from health services and 17 percent from consulting services. The company also receives occasional government subsidy related payments that are passed through to clients and invoiced as consulting revenue.

The company operates through the following segments.

• Consulting Services provides labor and corporate advisory work to companies and labor unions. Services include coaching on employee interviewing handling troublesome employees advising on labor time management proposing variable work hour systems preparing resignation documents mediating labor disputes advising on company reorganization and human resource allocation proposing internal rules and regulations establishing personnel evaluation and wage systems conducting labor audits and compliance checks assisting with subsidy applications and offering advice on labor laws and regulations. The segment also offers free whistleblower and stress check systems to companies and union members.

• Health Services operates twenty nine osteopathic clinics and one osteopathic beauty salon under the Speed Kogao brand. The clinics provide insurance covered treatments such as Sakai style insurance treatment Sakai style master treatment posture correction Thomson correction EMS high voltage pelvic correction and acupuncture treatment. They also offer non surgical approaches for conditions that cannot be treated elsewhere. The beauty salon focuses on facial beauty using cranial adjustment fascia release HIFU and HydraFacial techniques. All facilities are directly operated and generate revenue from patient treatment fees.

In the labor consulting market rYojbaba Co., Ltd. competes with licensed Labor and Social Security Attorneys and smaller advisory firms. Its advantage lies in the CEO's dual qualification as a Labor and Social Security Attorney and a Certified Administrative Procedures Legal Specialist which enables the firm to handle complex labor law and subsidy matters. In the osteopathic health sector the company faces competition from relaxation salon chains such as Medirom Riraku and Raffine as well as other osteopathic clinic groups like K's Group GENKIDO and Honegori. rYojbaba differentiates itself through an integrated medicine approach that combines Oriental and Western techniques its strong ties with local medical institutions and a higher volume of insurance claims per clinic than the regional average. These strengths allow the firm to attract patients seeking effective non surgical treatment and to secure consulting contracts at high unit prices.

Consulting services are provided to companies with at least one hundred employees including major food and beverage firms privately held small and medium sized enterprises and companies preparing for an initial public offering in Japan. Labor unions also receive consulting assistance to improve membership and resolve disputes. Health services serve individual patients seeking treatment for musculoskeletal pain sports injuries and chronic conditions as well as young female clients visiting the Speed Kogao beauty salon for facial beauty procedures. No specific customer names are disclosed in the filing.