M3, Inc.

M3, Inc.

MTHRF
M3, Inc.US flagOther OTC
8.55
USD
- -
- -
5.71BMarket Cap
M3, Inc.
MTHRF
(Other OTC)

Recent

price

8.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
23.3
30.13
40.96
57.68
79.4
99.92
120.7
145.88
174.52
193.05
249.31
306.67
339.99
351.85
419.57
- -
181.25
Revenue per Share
5.55
7.11
8.82
13.2
15.09
19.33
24.72
27.99
30.22
31.89
55.73
94.06
72.22
66.68
59.62
- -
32.2
Basic EPS, GAAP
4.74
7.96
8.75
13.09
13.28
17.6
24.38
21.72
25.32
35.3
65.77
72.03
76.24
74.72
62.96
- -
43.14
Free Cash Flow per Basic Share
1.5
2.07
2.08
2.99
3.25
4
4.5
5
5.18
6.68
8.5
12
16
18.99
21
- -
- -
Dividend per Share
18.8
23.86
31.27
41.54
52.81
68.14
88.34
113.76
141.62
197.76
244.87
327.12
383.58
431.4
470.08
- -
435.76
Book Value per Share
17.83
18.75
26.73
34.52
41.52
49.88
39.85
53.11
70.1
147.75
193.6
266.73
290.86
323.48
303.78
- -
320.83
Tangible Book Value per Share
629
632
635
637
647
647
647
648
648
678
679
679
679
679
679
- -
679
Basic Weighted Avg Shares
14,647
19,041
26,008
36,759
51,346
64,660
78,143
94,471
113,059
130,973
169,198
208,159
230,818
238,883
284,900
351,363
123,088
Sales/Revenue/Turnover
54.81
40.17
35.74
34.14
31.21
30.85
31.76
29.06
27.15
26.3
34.28
31.81
30.55
26.38
21.16
20.23
23.36
Operating Margin (%)
375
557
613
375
671
867
939
1,161
1,391
4,493
5,736
6,274
7,434
8,878
12,205
- -
4,691
Depreciation Expense
3,487
4,493
5,599
8,415
9,759
12,508
16,004
18,127
19,577
21,635
37,822
63,845
49,028
45,271
40,484
49,100
21,865
Net Income, GAAP
41.09
39.9
38.42
36.25
35.53
32.37
32.14
30.02
31.01
30.21
29.29
31.27
30.05
29.48
31.56
29.14
25.72
Effective Tax Rate (%)
23.81
23.6
21.53
22.89
19.01
19.34
20.48
19.19
17.32
16.52
22.35
30.67
21.24
18.95
14.21
13.97
17.76
Profit Margin (%)
9,649
9,724
11,767
17,309
20,057
23,875
21,267
29,041
35,987
83,401
113,801
141,658
143,891
173,570
161,311
173,028
174,235
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
94
16,483
21,342
28,983
21,705
LT Debt
13,708
17,481
23,426
37,461
46,510
56,562
69,510
85,168
102,276
171,601
207,260
263,953
309,518
366,701
412,799
446,649
364,450
Total Equity
33.66
26.25
25.25
24.25
22.95
24.46
24.97
23.33
21.35
16.68
20.49
18.38
16.59
12.46
9.83
10.74
5.69
Return on Invested Capital (%)
31.37
31.33
29.35
33.07
28.99
28.63
28.73
25.1
20.76
16.3
22.04
30.67
18.61
14.24
10.54
11.16
6.68
Return on Capital (%)
33
33.4
32.05
36.32
32.19
31.97
31.6
27.7
23.67
19.15
25.18
32.89
20.32
16.36
13.23
14.58
7.71
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
2,031
- -
2,727
LT Borrowings
16,483
- -
21,705
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
679
- -
679
Market Capitalization
1,501,230
991,464
995,668

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
240,739
- -
238,389
Cash, Cash Equivalents & STI
179,828
- -
179,751
Accounts Receivable, Net
51,928
- -
49,511
Inventories
- -
- -
- -
Total Current Liabilities
67,169
- -
64,154
Payables & Accruals
- -
- -
- -
ST Debt
2,031
- -
2,727
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.79%
16.77%
8.2%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
18.32%
9.73%
21.28%
Sales/Revenue/Turnover
18.65%
16%
23.33%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
57,396
58,399
63,394
59,694
238,883
2025
- -
- -
- -
- -
284,900
2026
- -
- -
- -
- -
351,363

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
18.28
16.19
19.45
- -
66.68
2025
- -
- -
- -
- -
59.62
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17.69
1.3
- -
- -
18.99
2025
- -
- -
- -
- -
21
2026
- -
- -
- -
- -
- -
Business
M3, Inc. is a Tokyo-based company founded in 2000 that operates principally in the healthcare sector by providing internet-based medical-related services and solutions globally. The company’s core offerings include medical platforms such as its specialized medical professional site m3.com; evidence solutions encompassing contract research organization (CRO) services supporting clinical development and site management organization (SMO) for clinical trial operations; career and job placement services for physicians and pharmacists; and healthcare digital technologies including electronic health records (EHR) systems and cloud-based clinic operation solutions. M3 serves healthcare professionals, pharmaceutical companies, and health organizations primarily in Japan, the U.S., Europe, India, and Asia. Recent major developments include strategic acquisitions such as equity stakes in EWEL Inc. and Limbic Digital Media Pty Ltd in early 2025 to enhance digital healthcare solutions and content; expansion of research and marketing analytics capabilities through acquisitions from Kantar Group in Europe and the U.S.; a partnership with Sony and NTT DOCOMO focused on innovative healthcare ICT/IoT integration including COVID-19 related AI diagnosis support; and alliances with pharmaceutical companies like Nippon Boehringer Ingelheim for AI-driven diagnostic support tools. M3 also launched new services such as the “M3 DigiKar Smart” cloud platform for clinic operation management and introduced the “White Jack Project,” aimed at preventive medicine. Additionally, a subsidiary was newly listed on the Tokyo Stock Exchange Growth Market, underscoring M3’s business expansion and financial market activities. M3 operates through multiple segments, including Medical Platforms, Evidence Solutions, Career & Site Solutions, and digital healthcare services, targeting a broad client base of medical practitioners, healthcare providers, pharmaceutical firms, and allied health businesses. The company’s headquarters is in Minato-ku, Tokyo, and it maintains a strong presence in international markets through subsidiaries and strategic alliances. M3 continues to leverage technology, including AI and cloud platforms, to drive integrated healthcare solutions and maintain leadership in medical digital platforms and clinical research services. The company’s ongoing investments in innovation and partnerships reflect its commitment to expanding its healthcare ecosystem globally.

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