Mentalhealth Technologies

What Mentalhealth Technologies does

Mentalhealth Technologies (株式会社メンタルヘルステクノロジーズ, stock code 9218) is a Tokyo-based, publicly listed occupational health and mental healthcare services group operating since 2011. The company delivers cloud-based mental health, occupational physician, and corporate wellness solutions to Japanese enterprises, anchored by the ELPIS Series (online counseling and email-based health consultation tools aligned with Japan's Ministry of Health, Labour and Welfare 4 mental healthcare guidelines) and the Occupational Physician Cloud (産業医クラウド) subscription service starting at ¥30,000 per month. A network of six wholly-owned subsidiaries extends the offering across the value chain: Avenir (occupational physician placement and medical professional recruitment), Healthcare DX (mental health clinic operations support), Meishokai (Tokai-region occupational health consulting), Mirai Sangyo-i (Kyushu-region services), Task Force (nursing assistant staffing for medical institutions), and Include (return-to-work / neuro-rework services), with regional offices in Nagoya, Fukuoka, Osaka, and Tokyo.

The company monetizes primarily through recurring cloud subscriptions and professional services to large Japanese enterprises with 1,000+ employees, where 80%+ of HR managers reportedly recognize the need for mental healthcare yet face structural friction in occupational physician access. Pricing scales by occupational physician grade, and consulting engagements typically span 3–4 months for return-to-work program design, with subsequent ongoing support. Distribution is field-sales-led via group subsidiaries, augmented by partnerships (notably Wellness Communications for health management room outsourcing covering 4,000+ business sites, and Value HR for co-marketing) and a thought-leadership content footprint across owned media properties, YouTube, and major Japanese press.

Since its March 2022 listing on the Tokyo Stock Exchange Mothers Market (now Growth Market), MHT has pursued a roll-up strategy, executing two material acquisitions (Meishokai Dec 2022, Task Force Feb 2024) and launching adjacent product lines including the 2023 Occupational Health Nurse School training program and a dedicated education vertical push. The company has served over 800 cumulative corporate clients and received the Japan New Business Council entrepreneur award (2021) and Kenko Management Yuryo Hojin 2026 certification, reflecting regulatory legitimacy and brand authority in Japan's tightly regulated occupational health market.

Name

Mentalhealth Technologies

Legal name

株式会社メンタルヘルステクノロジーズ

Website

https://mh-tec.co.jp

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Mentalhealth Technologies (株式会社メンタルヘルステクノロジーズ, TSE Growth code 9218) is a Tokyo-listed occupational health group offering cloud-based mental healthcare, occupational physician placement, and corporate wellness services to large Japanese enterprises through the ELPIS Series platform and six wholly-owned subsidiaries.

Ownership category

akta.pro rank

Product category

Occupational Health and Mental Health Cloud Software

NAICS

Offices of Mental Health Practitioners (except Physicians) (621330), Outpatient Mental Health and Substance Abuse Centers (621420), Vocational Rehabilitation Services (6243), Offices of Physicians, Mental Health Specialists (621112)

SIC

Services-Health Services (8000), Services-Misc Health & Allied Services, Nec (8090), Services-Management Consulting Services (8742)

akta.pro primary industry

Workplace Mental Health & EAP-Integrated Teletherapy Platforms (HLALAEAK)

akta.pro secondary industries

Occupational Health & Worksite Health Virtual Care (fit-for-duty, RTW) (HLALADAM), Wellbeing, Mental Health & Employee Assistance (EAP) (BPACAPAO)

Keywords

• Occupational health services
• Mental health cloud platform
• Corporate wellness software
• Occupational physician matching
• Return-to-work consulting

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Cloud Services (ELPIS Series): Subscription-based cloud services for corporate mental health and health management. Services include occupational physician matching, online counseling, and health consultation tools. Revenue from monthly subscription fees from corporate clients.
2. Occupational Physician Placement Services: Providing occupational physicians to enterprises through subsidiary 株式会社Avenir. Companies with 50+ employees are legally required to assign an occupational physician. The service offers standardized occupational physician assignment with quality assurance and tiered pricing.
3. Consulting Services: Health management consulting including return-to-work program design, occupational health system optimization, and corporate wellness program development. Provided by the consulting team within the group.
4. Healthcare Personnel Staffing: Through subsidiaries, provides staffing services for healthcare personnel including nursing assistants (看護助手) to medical institutions, and occupational health nurses to enterprises.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Mentalhealth Technologies provides cloud-based mental health and occupational health services to Japanese enterprises, centered on the proprietary ELPIS Series platform for corporate mental health management. The core offering includes the Occupational Physician Cloud (産業医クラウド) service that matches companies with quality-assured occupational physicians starting at ¥30,000/month, supplemented by ELPIS-Online Counseling for video-based consultations with occupational physicians and health nurses, and ELPIS-Cares Lite for direct email-based health consultations. The company has cumulatively served over 800 corporate clients with these integrated mental health, occupational physician placement, and return-to-work support services.

Product overview

Mentalhealth Technologies offers a unified cloud-based platform called the ELPIS Series for corporate mental health management and health promotion. The core platform includes ELPIS-オンラインカウンセリング for video-based mental health consultations with occupational physicians and nurses, and ELPIS-ケアーズLite for individual email-based health consultations. These are complemented by the 産業医クラウド service for occupational physician placement and the 健康管理室のアウトソーシング service for comprehensive health management room outsourcing. A subsidiary company Avenir operates the occupational physician cloud services, while Healthcare DX provides mental clinic operation support. The company also offers the 産業保健師スクール for training occupational health nurses. Formerly operating as Miew, the company originally provided e-book services including KaLib before pivoting to the current mental health focus.

Differentiator

Problem solved

Functional benefit

Brands

• ELPISシリーズ: Cloud services for corporate mental health support including ELPIS-オンラインカウンセリング (web-based counseling) and ELPIS-ケアーズLite (email-based health consultation with doctors)

Products and services

• ELPIS Series (ELPISシリーズ) Cloud service series for corporate mental health management and health promotion, based on Japan's Ministry of Health, Labour and Welfare's 4 mental healthcare approaches. Includes online counseling, email consultation, and various corporate wellness tools for Japanese enterprises.
• ELPIS-Online Counseling (ELPIS-オンラインカウンセリング) Web-based consultation tool enabling employees to consult with occupational physicians and occupational health nurses specializing in mental health, using video consultation tools. For enterprise employees covered under the ELPIS Series subscription.
• ELPIS-Cares Lite (ELPIS-ケアルーズLite) Email-based health consultation service allowing individuals to directly consult with medical specialists about personal health concerns without going through their company. Not including online medical treatment or legally mandated interviews.
• Occupational Physician Cloud (産業医クラウド) Service that quickly introduces skilled, experienced, and responsive occupational physicians nationwide to enterprises. Standardizes occupational physician tasks, provides minimum quality assurance, and offers grade-based pricing proposals. Starting from ¥30,000 per month, with various ELPIS Series services also available. Required for Japanese companies with 50+ employees.
• Health Management Room Outsourcing (健康管理室のアウトソーシングサービス) Outsourcing service for corporate health management rooms, jointly provided with Wellness Communications. Covers occupational physicians, public health nurses, and health-related cloud services for corporate health management rooms across 4,000+ business sites.
• Occupational Health Nurse School (産業保健師スクール) Training service to cultivate occupational health nurses to a level where they can work as immediately effective professionals. Covers occupational health knowledge, business manners, and PC skills, all completed online.
• Nursing Assistant Staffing Services (via Task Force) Through subsidiary 株式会社タスクフォース (Task Force), provides nursing assistant (看護助手) dispatch and staffing services to hospitals and medical institutions via account managers, with offices in Tokyo and Osaka.
• Neuro Rework Services (via Include) Through subsidiary インクルード株式会社 (Include), operates neuro-rework services supporting return to work from mental health conditions for employees on leave.

Quantifiable outcome

• Over 800 companies served (延べ利用社数), reducing employee mental health leave and supporting return-to-work processes
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor and core.

• 株式会社バリューＨＲminorGTM or Marketing Partner · 30 September 2024Mentalhealth Technologies and Value HR entered a business partnership to co-host a commemorative webinar on 'The Future of Health Management — Corporate Risk Avoidance through Health Management Systems and Occupational Health Coordination.' Value HR brings health management system expertise and corporate customer access; MHT brings occupational health cloud services and expertise.
• ウェルネス・コミュニケーションズ株式会社coreStrategic or Co-development Partner · 10 February 2021Avenir (MHT group subsidiary) partnered with Wellness Communications to jointly provide health management room outsourcing services to corporate clients. Wellness Communications provides cloud-based health management tools; Avenir provides occupational physicians, health nurses, and related services. The partnership covers 4,000+ business sites, combining cloud health management with on-site occupational health personnel.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Talkspace: US-listed online therapy platform serving both direct-to-consumer and enterprise/B2B channels. Comparable in online counseling delivery and enterprise mental health contracts, particularly relevant for virtual consultation benchmarks.
• Lyra Health: US employer-sponsored mental health benefit platform providing therapy, coaching, and EAP-integrated services. Highly comparable business model and customer profile (large enterprises), serving as the US benchmark for MHT's go-to-market.
• Wellness Communications: Japan-based health management cloud and corporate wellness provider. Direct peer and joint-venture partner of MHT — both deliver cloud-based occupational health platforms to Japanese enterprises, covering health management room outsourcing and mental health tools.
• Modern Health: US-based global employer-sponsored mental health platform combining EAP, therapy, coaching, and digital tools. Direct comparable in product offering, target buyer (large employers), and recurring SaaS revenue model.
• Spring Health: Global employer mental health platform with therapy, coaching, and medication management. Direct peer in the employer-sponsored mental health category, competing for similar enterprise contracts with bundled digital and live services.
• Value HR: Japanese health management and benefits administration platform that partners with MHT on webinars and customer co-marketing. Directly comparable in serving enterprise health management and corporate wellness needs in Japan.

Broad incumbents

• Teladoc Health: Global telehealth incumbent offering virtual primary care, mental health, and chronic condition management to employers and payers. Broadly comparable as a larger incumbent in employer-sponsored virtual care, with mental health as one vertical within a wider portfolio.
• Calm: Global meditation and mindfulness platform with a growing enterprise (Calm Business) channel. Broadly comparable as a workplace mindfulness/wellbeing incumbent, though less specialized in clinical mental health than MHT.
• Benefit One (Persol): One of Japan's largest corporate employee benefit and wellness platforms, now part of Persol Group. Broad incumbent offering EAP-style services and corporate wellness at massive enterprise scale, competing for the same large-enterprise wallet share as MHT.
• Headspace Health: Global consumer and employer mental health platform offering meditation, mindfulness, and therapy via the Ginger acquisition. Comparable as a broader incumbent in workplace mental health, though more consumer-rooted than MHT's B2B focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCzC-Igo04QfrvDo6XjeAotQ

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds10 records

Investors18 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mentalhealth Technologies