rYojbaba is a small Japanese company operating two businesses: labor and corporate consulting services, and a chain of osteopathic clinics. Health services are the dominant business, accounting for roughly 83% of revenue, with consulting making up the remaining ~17%. The osteopathic clinic business is run through subsidiary Sakai Seikotsuin Nishi, which operates 29 clinics primarily in Kyushu, Japan, providing treatment for musculoskeletal injuries and pain — fractures, sprains, back pain, and sports injuries — using licensed judo and acupuncture therapists. A key feature of these clinics is that treatment is covered by Japan's national health insurance system, with patients paying ~30% out-of-pocket. This distinguishes the clinics from massage and relaxation salons, which cannot bill insurance. Revenue scales with clinic count and therapist capacity, and repeat customer rates run above 80%. The consulting business is led entirely by CEO Ryoji Baba, a licensed Labor and Social Security Attorney, who advises Japanese companies on labor law compliance, social insurance costs, employee disputes, and government subsidy applications. The consulting business charges monthly retainer fees and also earns lumpy "spot revenues" tied to successful government subsidy filings. rYojbaba completed a Nasdaq IPO in August 2025, raising ~$3.9M to fund clinic expansion into Tokyo, Osaka, and Fukuoka, additional attorney hires, an IT platform, and potential international consulting.
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