Cedar

Basic Information

Stock Code
2435
Industry
Services
Category Detail
Lifestyle Services
Prefecture
Fukuoka Prefecture
Establishment Year
April 1981
Listing Year
March 2005
Official Website
http://www.cedar-web.com/
TSE Information
TSE Information
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Overview

Cedar is a nursing care service company founded in 1981 and based in Kitakyushu, Fukuoka Prefecture. It conducts stable business expansion across 21 prefectures nationwide, centered on community-based day services and paid nursing homes.

Current Situation

In fiscal 2023, Cedar operates over 105 nursing care facilities across 21 prefectures in Japan, focusing on supporting the daily lives of local elderly people. Sales are on the scale of approximately ¥11 billion, with a stable financial base but room for improvement in profitability. Its main businesses are day service centers and the operation of paid nursing homes 'La Nasica,' establishing a mid-tier position in the nursing care sector. To differentiate from competitors, it is strengthening collaboration with visiting nursing and care plan centers, promoting service diversification. It also features ties with SOMPO Holdings and a strong management foundation from Chairman Yamazaki. Leveraging community-based operations and geographical strengths centered in Fukuoka Prefecture, it is advancing staff training and efficiency improvements through IT adoption. Moving forward, it aims to enhance competitiveness through further expansion in local markets and development of new nursing care services.

Trivia

Interesting Facts

  • Relocated headquarters from Osaka City to Fukuoka Prefecture in 1993.
  • Originally a nursing company founded by hospital staff from a medical corporation.
  • Has a history of becoming a related company of SOMPO Holdings.
  • Operates over 100 day service locations mainly in Kyushu.
  • Paid nursing home 'La Nasica' has high recognition in Fukuoka Prefecture.
  • Actively engages in nursing specialist talent development business.
  • Known as a community-based company headquartered in Kitakyushu, Fukuoka Prefecture.
  • Listed from JASDAQ market to Tokyo Stock Exchange Standard market.
  • Corporate number 3290801004110, linked to public data.
  • Aging society strategy fund is one of the major shareholders.
  • Strong collaboration with local medical institutions and municipalities.
  • Nursing supplies sales and rental are part of its business.
  • Early adoption of IT for business efficiency improvement.
  • Recognized as a mid-tier nursing care service company with TSE code 2435.
  • Approximately 860 employees, staffed according to facility numbers.

Hidden Connections

  • As a related company of SOMPO Holdings, has deep ties with the insurance industry.
  • Stock transfer from Investment Business Union to Daiwa House Industry, creating multi-industry capital relations.
  • In its founding period, conducted business centered on medical-related sales in Osaka City.
  • Leverages Fukuoka Prefecture's regional characteristics to build superiority in Kyushu-wide nursing market.
  • Chairman Kazutada Yamazaki, from a medical corporation background, strongly promotes medical-nursing collaboration.
  • Paid nursing home 'La Nasica' has established brand recognition in multiple regions.
  • Forms business synergy through visiting nursing services and care plan center operations.
  • Nursing supplies sales business also has its own direct sales network from company facilities.

Future Outlook

Growth Drivers

  • Expansion of nursing needs due to aging society progression
  • Increasing demand for community-based services
  • Expansion of visiting nursing and in-home care services
  • Further growth in nursing supplies market
  • Business efficiency improvement through IT technology introduction
  • Strengthening of talent development and retention measures
  • Stable supply through enhanced municipal collaboration
  • New deployment and renovation demand for paid nursing homes
  • Service diversification in response to nursing fee revisions
  • New service creation through community-based care promotion
  • Revenue base stabilization through diversified business deployment
  • Strengthening of social responsibility and ESG management

Strategic Goals

  • Achieve service deployment in 30+ prefectures nationwide
  • Reach annual sales of over ¥15 billion
  • Nursing service digitalization rate of 80% or higher
  • Maintain turnover rate below 20% through talent development
  • Improve recognition as leading company in community-based care systems
  • Introduce energy-saving measures in all facilities to reduce environmental impact
  • Customer satisfaction of 90%+ through diverse nursing service collaboration
  • Service innovation through new technology application
  • Nursing supplies business sales exceeding ¥5 billion
  • Further diversification and expansion of social contribution activities

Business Segments

Nursing Facility Operation Support

Overview
Provides multifaceted support for efficient operation and service improvement of nursing facilities.
Competitiveness
Nursing operation know-how and strong local network
Customers
  • Local governments
  • Medical institutions
  • Welfare corporations
  • Nursing care operators
  • Investment companies
Products
  • Facility management consulting
  • Operation consignment services
  • Staff dispatching and introduction
  • IT system implementation support
  • Nursing insurance administrative代行

Nursing-related Equipment and Supplies Sales

Overview
Handles a wide range of life support supplies for nursing sites.
Competitiveness
Extensive product lineup and rapid delivery system
Customers
  • Nursing facilities
  • Visiting care operators
  • Pharmacies and welfare goods stores
  • Local governments
Products
  • Nursing beds
  • Wheelchairs
  • Walking aids
  • Hygiene products
  • Rehabilitation equipment

Nursing Staff Training and Education

Overview
Aims to improve nursing talent quality through diverse training services.
Competitiveness
Curriculum and instructors tailored to practical work
Customers
  • Nursing facilities
  • Community comprehensive support centers
  • Local governments
  • Individual users
Products
  • Nursing qualification courses
  • Continuing education seminars
  • Talent development programs
  • Nursing staff career support

IT Solution Provision

Overview
Provides IT services supporting business efficiency and information management for nursing operators.
Competitiveness
User-friendly system design specialized for nursing sites
Customers
  • Nursing facilities
  • Visiting care operators
  • Local governments
Products
  • Care management system
  • Record and claims management software
  • Online consultation system

Nursing Insurance System Compliance Consulting

Overview
Offers specialized support for complex nursing insurance system compliance.
Competitiveness
Extensive practical knowledge and latest information provision
Customers
  • Nursing operators
  • Local governments
  • Medical corporations
Products
  • System compliance support
  • Claims代行
  • Legal amendment seminars

Community-based Care Promotion Support

Overview
Provides multifaceted support for building community-based care systems.
Competitiveness
Customized responses tailored to regional characteristics
Customers
  • Local governments
  • Medical institutions
  • Welfare groups
Products
  • Community care plan development support
  • Collaboration promotion programs
  • Awareness and consultation services

Staff Dispatching Services

Overview
Deploys dispatching services to address labor shortages in the nursing industry.
Competitiveness
Rapid talent matching and follow-up
Customers
  • Nursing facilities
  • Visiting care operators
  • Hospitals
Products
  • Nursing staff dispatch
  • Nurse dispatch
  • Medical support staff

Joint Purchasing Operations

Overview
Achieves cost reductions by leveraging purchasing power of multiple facilities.
Competitiveness
Extensive supplier network
Customers
  • Nursing facilities
  • Visiting care offices
Products
  • Medical consumables
  • Daily necessities
  • Food and beverages

Marketing Support for Nursing Operators

Overview
Supports awareness expansion and customer attraction in local areas.
Competitiveness
Proposals leveraging nursing industry expertise
Customers
  • Nursing facilities
  • Community comprehensive support centers
Products
  • Promotion planning
  • Event operations
  • Information dissemination support

Nursing Business Succession and M&A Support

Overview
Supports smooth succession and restructuring of nursing businesses.
Competitiveness
Industry network and extensive track record
Customers
  • Small and medium nursing operators
  • Investment companies
Products
  • Business valuation
  • Matching services
  • Legal and financial advice

Disaster-time Nursing Support Services

Overview
Promotes preemptive preparations for elderly support during disasters.
Competitiveness
Experience and know-how from past disaster responses
Customers
  • Local governments
  • Nursing facilities
Products
  • Emergency response plan development
  • Evacuation training support
  • Supplies procurement support

Medical-Nursing Collaboration Support

Overview
Provides comprehensive support to strengthen medical-nursing collaboration.
Competitiveness
Expertise in both medical welfare fields
Customers
  • Hospitals
  • Nursing facilities
  • Medical corporations
Products
  • Collaboration framework building support
  • Information sharing system implementation
  • Training and seminars

Competitive Advantage

Strengths

  • Strong local customer base
  • Diverse nursing care service deployment
  • Stable management by Chairman Kazutada Yamazaki
  • Support system related to SOMPO Holdings
  • Strengthened collaboration of diverse nursing services
  • Geographical strength centered in Fukuoka Prefecture
  • Also engages in nursing supplies sales and staff training
  • Long years of industry experience and know-how
  • Revenue base from wide-area deployment
  • Business efficiency improvement through IT utilization

Competitive Advantages

  • Efficient network in Kyushu area as Kitakyushu base
  • Improved customer satisfaction through integrated operation of diverse nursing services
  • Capital strength and management stability under SOMPO
  • Service system fusing strengths of visiting nursing and paid nursing homes
  • High trust from local communities due to community-based management
  • Talent securing through nursing staff training business
  • Nursing supplies distribution utilizing diverse sales channels
  • Strength in community comprehensive support and municipal collaboration
  • Balancing facility operations and IT solution provision
  • Stable financial base and clear shareholder composition

Threats

  • Worsening nursing staff shortages
  • Price pressures from intensifying inter-regional competition
  • Impacts from legal amendments and nursing fee revisions
  • Facility operation risks from natural disasters
  • Business impacts from new infectious disease outbreaks
  • Potential market shrinkage in areas with declining elderly population
  • Share expansion pressure from major competitors
  • Increased fiscal burden and regulatory strengthening of nursing insurance system
  • Cost increases from rising labor expenses
  • Business efficiency decline from delayed digitalization

Innovations

2023: Introduction of IT Care Management System

Overview
Deployed the latest nursing record and claims management system across all facilities to improve operational efficiency.
Impact
Achieved 20% reduction in working hours and fewer input errors

2022: Launch of Visiting Nursing Service Enhancement Program

Overview
Implemented staff training for advanced medical care and measures to expand visiting volume.
Impact
Visiting nursing cases increased 15% year-over-year

2021: Opening of Online Training Platform for Nursing Staff

Overview
Built a proprietary e-learning environment to support staff continuing education.
Impact
Training participation rate improved 30%, better retention

2020: Paid Nursing Home Facility Renovation Project

Overview
Promoted barrier-free upgrades for major facilities to enhance safety and comfort.
Impact
Resident satisfaction improved by 10 points

Sustainability

  • Introduction of programs to reduce environmental impact using local resources
  • Promotion of energy efficiency in nursing facilities
  • Enhancement of health initiatives for improving elderly QOL
  • Support for resolving social isolation through community exchange events
  • Efforts in long-term talent development and workplace environment improvement