Nisso

Basic Information

Stock Code
1444
Industry
Construction
Category Detail
Real Estate & Housing
Prefecture
Tokyo
Establishment Year
September 1988
Listing Year
February 2018
Official Website
https://reform-nisso.co.jp/
TSE Information
TSE Information
Yahoo! Finance
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Overview

Nisso is a remodeling works specialist company founded in 1988, with strengths in restoration construction for rental properties centered in the Greater Tokyo Area.

Current Situation

Nisso has achieved annual sales of approximately ¥4.7 billion and net profit of about ¥25 million, steadily growing through business focused on remodeling works for rental housing. Its flagship remodeling works record over 10,000 cases annually centered in the Greater Tokyo Area, operating multiple regional construction centers. It adopts a direct craftsman system to eliminate intermediate margins, serving as the source of its competitiveness. In recent years, it has explored overseas expansion with services for domestic and international resort properties and by establishing a liaison office in Malaysia. Through capital and business alliances and acquisitions of related companies, it is diversifying its business and working to establish a stable financial foundation. Within the group, it strengthens an integrated system from material procurement to construction management, focusing on quality control and customer satisfaction improvement. From a sustainability perspective, it promotes eco-friendly remodeling and community contribution activities. In the medium to long term, it aims to strengthen industry leadership and expand sales by expanding new bases in Tohoku and Okayama, among others.

Trivia

Interesting Facts

  • Company name means 'Japan's number one remodeling company in performance.'
  • Unique system cutting intermediate margins through direct craftsman system.
  • Remodeling company boasting over 10,000 works annually.
  • Listed on TSE PRO Market in 2018 and dual-listed on Growth Market.
  • Overseas expansion through capital and business alliances with companies in Malaysia and Hong Kong.
  • Multiple construction centers deployed in Greater Tokyo Area and regions.
  • Related companies include resort facilities and real estate management firms.
  • In 2023, acquired shares in Yasue Construction Store for business diversification.
  • Operating proprietary sales management system since 2007.
  • Specializes in rental property remodeling with regional closeness.
  • Strength in handling emergency works and small-scale projects.
  • Founded from a creative reform office in Meguro Ward.
  • Actively expanding environmentally considerate remodeling services.
  • Featured as a growth company in Remodeling Industry Newspaper.
  • Maintains high customer satisfaction through construction quality management.

Hidden Connections

  • Connection with local construction industry strengthened through Yasue Construction Store share acquisition.
  • Advancing Southeast Asian market development through MOU with Malaysia's OSK Group.
  • Capital and business alliance with Hong Kong remodeling company Takumi-ya Honten for overseas construction technology exchange.
  • Establishment of northern and southern Greater Tokyo Area construction centers as base for rapid regional response.
  • Welcoming related subsidiaries like Sasakiya and Heisei Housing into the group to promote diversification.
  • Direct craftsman system is core operation from founding, source of cost competitiveness.
  • Strengthening market recognition as growth company through listing market transitions.
  • Owns sales management system within the group, achieving efficiency through IT utilization.

Future Outlook

Growth Drivers

  • Stable increase in demand for rental property restoration
  • Expansion strategy in Greater Tokyo Area, Tohoku, and Okayama regions
  • Expansion of synergy effects with related subsidiaries
  • Strengthening overseas markets, especially Southeast Asia
  • Increasing demand for environmentally friendly and barrier-free remodeling
  • Improvement in construction management efficiency through IT introduction
  • Promotion of energy performance improvement works
  • Strengthening regional closeness services through multi-store expansion
  • New customer segment development and service diversification
  • Profit margin improvement through labor productivity enhancement
  • Customer satisfaction improvement and repeat rate expansion
  • High value-added proposals accompanying strengthened regulations

Strategic Goals

  • Breakthrough sales of ¥10 billion
  • Market share expansion in Tohoku and Okayama
  • Achieve over 20% sales ratio from overseas business
  • Expansion of environmentally considerate remodeling services
  • Digitalization of all construction management via IT systems
  • Nationwide expansion of direct craftsman system and further efficiency
  • Improvement in barrier-free renovation business sales ratio
  • Maximization of group synergy through related company integration
  • Acquisition of sustainable management certification
  • Brand power enhancement through earning trust from local communities

Business Segments

Remodeling for Rental Property Owners

Overview
Provides rapid, high-quality restoration and renovation works for rental housing owners and management companies.
Competitiveness
Achieves margin reduction through direct craftsman system and establishes rapid construction framework.
Customers
  • Rental Housing Owners
  • Management Companies
  • Real Estate Agencies
  • Investment Corporations
  • Private Real Estate Funds
  • Residential Management Companies
  • Corporate Entities in Rental Housing Sector
  • Construction Firms
  • Real Estate Developers
  • Property Management Companies
Products
  • Restoration Works
  • Periodic Maintenance Services
  • Emergency Repair Works
  • Equipment Updates
  • Interior Remodeling
  • Exterior Painting Works
  • Waterproofing Works
  • Energy-Saving Compatible Remodeling
  • Water Area Renovation
  • Barrier-Free Renovation

Commercial Facilities and Office Building Renovation

Overview
Provides total support services for interior/exterior renovations and functional improvements of commercial facilities.
Competitiveness
Short delivery times as strength through know-how in multi-store operations and construction management.
Customers
  • Retail Store Chains
  • Restaurant Operators
  • Office Building Managers
  • Shopping Center Operators
  • Commercial Facility Owners
  • Office Management Companies
  • Commercial Real Estate Developers
  • Commercial Facility Design Companies
Products
  • Store Interior Works
  • LED Lighting Installation
  • Security Equipment Installation
  • Energy-Saving Renovation Works
  • Layout Change Works

Resort Facility Remodeling

Overview
Meets renovation needs of domestic and international resort facilities with high-quality construction.
Competitiveness
Customization to regional characteristics and multi-base expansion.
Customers
  • Resort Hotels
  • Villa Owners
  • Tourism Facility Operators
  • Real Estate Management Companies
  • Overseas Resort Facilities
  • Domestic and International Resort Developers
Products
  • Resort Property Interior Renovation
  • Exterior Aesthetic Maintenance
  • Water Area Upgrades
  • Facility Maintenance
  • Long-Term Repair Planning Support

Real Estate Transaction-Related Works

Overview
Provides one-stop remodeling and repairs associated with real estate transactions.
Competitiveness
Highly evaluated for speedy construction and flexible proposals.
Customers
  • Real Estate Agencies
  • Asset Management Companies
  • Investment Corporations
  • Real Estate Consulting Companies
Products
  • Pre-Appraisal Repairs
  • Restoration Works
  • Interior Renovation
  • Equipment Inspection and Replacement Services

Collaboration with Construction Companies and Local Builders

Overview
Specialized services supporting construction efficiency improvement for construction companies and builders.
Competitiveness
Abundant construction track record and specialized craftsman network.
Customers
  • Local Builders
  • Major Construction Companies
  • Remodeling Specialist Builders
Products
  • Partial Construction Support
  • Specialized Works Contracting
  • Material Procurement Support
  • Construction Site Management Agency

Public Facility Renovation Projects

Overview
Receives orders for public facility renovations and improvements, contributing to society.
Competitiveness
Reliability of public project track record and management system.
Customers
  • Local Governments
  • Public Organizations
  • Public Facility Managers
Products
  • Public Housing Repairs
  • Facility Barrier-Free Works
  • Disaster Prevention Remodeling

Competitive Advantage

Strengths

  • Cost efficiency through direct craftsman system
  • Strong construction network centered in Greater Tokyo Area
  • Abundant track record in rental property renovations
  • Regional closeness through multi-base expansion
  • Stable financial base and capital strength
  • Collaborative system with related subsidiaries
  • Rapid emergency works response capability
  • Strong transaction relationships with public and private entities
  • Ongoing contracts with long-term customers
  • Possession of proprietary sales management system
  • High customer satisfaction and trust earned
  • Growth potential through active overseas expansion
  • Promotion of environmentally friendly remodeling
  • Consistent construction quality management system
  • High expertise of construction staff

Competitive Advantages

  • Price competitiveness through intermediate margin reduction
  • Know-how accumulation from over 10,000 annual constructions
  • Geographical advantage with multiple bases in Greater Tokyo Area
  • Comprehensive service provision linked with related companies
  • Rapid response possible with direct craftsman network
  • Efficiency through latest sales management IT system
  • 开拓 of new markets for domestic and international resort properties
  • Overseas business promotion utilizing Malaysia liaison office
  • Flexibility to meet diverse construction needs
  • Focus on barrier-free and eco remodeling
  • Stable management through strong financial constitution
  • Strong ties with local communities
  • Track record of receiving public agency projects
  • Mobility in emergency works
  • Competitive edge through thorough construction quality management

Threats

  • Risk of construction delays due to labor shortage in construction industry
  • Cost increases from raw material price fluctuations
  • Increased compliance costs from strengthened environmental regulations
  • Intensified price competition from competitors
  • Rental market stagnation due to economic fluctuations
  • Risk of construction delays from natural disasters
  • Decline in competitiveness from delays in new technology adoption
  • Increase in new entrants
  • Stricter labor safety and health regulations
  • Supply shortages of construction materials
  • Risk of quality degradation from schedule compression pressure
  • Delays in response to changing customer needs

Innovations

2024: Strengthening Collaboration with Malaysian Property Management Company

Overview
Entered into strategic partnership with TOMORROW WTO SDN. BHD. in Kuala Lumpur.
Impact
Establishes foothold in Southeast Asian market, contributing to overseas business expansion.

2023: Acquisition of Shares in Yasue Construction Store to Make It a Related Company

Overview
Acquired over 20% of shares in Tokyo Stock Exchange Standard-listed Yasue Construction Store to strengthen collaboration.
Impact
Succeeded in business diversification and strengthening construction framework.

2023: Establishment of Japan Resort Bank

Overview
Established subsidiary specializing in domestic and international resort properties in Fujisawa City, Kanagawa Prefecture.
Impact
Promotes business advancement into resort sector.

2022: Dual Listing on Tokyo Stock Exchange Growth Market

Overview
Listed on Tokyo Stock Exchange Growth Market, expanding recognition in capital markets.
Impact
Improved fundraising capability and brand value enhancement.

2021: Opening of New Construction Center

Overview
Opened Greater Tokyo Area Northern Construction Center in Misato City, Saitama Prefecture, to strengthen construction management capabilities.
Impact
Significantly improved construction efficiency and responsiveness.

2020: Advanced Sales Management System

Overview
Refreshed proprietary sales management system with latest technology to improve operational efficiency.
Impact
Achieved rapid customer response and construction management.

Sustainability

  • Promotion of energy-saving remodeling
  • Expansion of environmentally considerate materials adoption
  • Strengthening waste recycling efforts
  • Support for local community environmental education
  • Enhancement of safety and health management at construction sites
  • Promotion of barrier-free design対応
  • Construction waste reduction program
  • Introduction of construction methods for CO2 emission reduction
  • Strengthening communication with local residents
  • Implementation of employee environmental awareness seminars
  • Ecological design adoption project
  • Environmental load reduction through remote work promotion