What is the current status of MUSCAT GROUP?

The company has cleared past negative factors (such as PMI delays) and is ready for earnings recovery. Notably, the EC ratio of its core brand 'Kanarabo' is improving.

What are the future growth engines?

Key growth engines include the Middle East expansion scheduled for summer 2026 and strategic M&A utilizing its approximately JPY 2 billion investment capacity.

What are the features of 'ENVALITH'?

It is a platform that provides independent and objective stock research in English, Japanese, and Chinese, distributed globally through financial terminals like Bloomberg and FactSet.

Envalis Releases Interview Report on MUSCAT GROUP (195A): Outlining Re-growth via Niche-Top Strategy and M&A

Published Apr 4, 2026 12:32 AM ・ Updated Jun 2, 2026 1:01 PM ・ 4 min read ・ Source: PR TIMES

Envalith, Inc. has published a Q3 report for MUSCAT GROUP, highlighting its recovery scenario after clearing negative factors and its upcoming expansion into the Middle East and strategic M&A.

Envalith, Inc. (Headquarters: Shibuya-ku, Tokyo; CEO: Koichi Kawai), a provider of a next-generation stock research platform, has released the FY2026/03 Third Quarter interview report for MUSCAT GROUP (Headquarters: Shibuya-ku, Tokyo; CEO: Ryo Okubo; Securities Code: 195A).

### Three Key Points from the Report

1. **Completion of one-time negative factor processing:** The scenario for earnings recovery next fiscal year has become concrete. 2. **EC ratio increase:** 'Kanarabo' EC ratio rose from 8% to 15-16%—PMI delays are almost resolved. 3. **New growth engines:** Middle East expansion (starting around summer) and M&A capacity (theoretically approx. 2 billion JPY) will drive future growth.

### About ENVALITH (Next-Generation Stock Research)

ENVALITH is a next-generation stock research platform that delivers corporate value of listed companies to domestic and international institutional and individual investors in three languages: Japanese, English, and Chinese.

- **Flash reports immediately after earnings:** Multi-faceted analysis is conducted immediately after earnings announcements or briefings, providing objective and neutral independent research to the world. - **Global and direct distribution network:** Comprehensive distribution through global financial terminals such as Bloomberg, FactSet, Factiva, and AlphaSense, as well as domestic platforms like Kabutan, IFIS, QUICK, and SNS.

For more information, visit: [https://www.envalith.com](https://www.envalith.com)

### Contact Information - **Company Name:** Envalith, Inc. - **Location:** XC Shibuya Shinsen Bldg., 2-20 Shinsen-cho, Shibuya-ku, Tokyo - **Established:** November 2025 - **Representative:** Koichi Kawai, President & CEO (Head of Global Investment Research) - **Business:** Providing next-generation stock research and IR support for companies. - **E-mail:** contact@envalith.com

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Source: PR TIMES
Category: News

Envalis Releases Interview Report on MUSCAT GROUP (195A): Outlining Re-growth via Niche-Top Strategy and M&A

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