JINS Holdings

Basic Information

Stock Code
3046
Industry
Retail
Category Detail
Apparel & Fashion Retailers
Prefecture
Tokyo
Establishment Year
July 1988
Listing Year
August 2006
Official Website
https://jinsholdings.com/jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Intermes, Pal HD, Ｊａｐａｎ　Ｅｙｅｗｅａｒ　Ｈｏｌｄｉｎｇｓ, Loetze, Paris Miki Holdings, Aigan

Overview

JINS Holdings is a pioneer in eyeglasses and contact lens retail established in 1988, an industry leader expanding domestically and internationally with low prices and unique designs.

Current Situation

JINS Holdings achieved consolidated sales of approximately ¥83 billion and operating profit of ¥7.8 billion in the fiscal year ending August 2024, continuing its growth. It operates the high-functionality, low-price eyeglasses brand 'JINS' nationwide and overseas with 495 stores, expanding into East Asia and North America. It has established cost competitiveness through its manufacturing-retail integrated system (SPA model), holding the largest market share in Japan. It promotes technology adoption and new material development, differentiating with innovative products like blue light blocking and myopia suppression lenses. While emphasizing reduced environmental impact and community coexistence, it advances AI forecasting systems and digitalization. Looking ahead, it aims for strategic growth toward 2030, including entry into the medical device field and achievement of sustainability goals.

Trivia

Interesting Facts

  • Pioneer in developing the blue light cutting eyeglasses market
  • Achieves low price and high quality through SPA model adoption
  • Overseas stores in China, USA, Taiwan, Hong Kong, Philippines
  • Airframe series cumulative sales over 25 million units
  • JINS MEME is the world's first eyeglasses with three-point electrooculography sensors
  • Listed on Tokyo Stock Exchange First Section in 2013
  • JINS PARK gaining attention as regional community hub
  • Set industry-leading starting salary at ¥300,000
  • JINS PROTECT series also corresponds to pollen and droplet prevention
  • Multiple iF Design Award wins showcasing design strength
  • Differentiation via proprietary AI service 'JINS BRAIN'
  • Ongoing product development collaborations with world-renowned designers
  • Focus on children's outdoor play support and sleep education
  • Dispatched mobile sales vehicles to regions, providing free support to approx. 900 people
  • Advanced initiatives in eco-friendly uniforms and store designs

Hidden Connections

  • Received business guidance from Fast Retailing's Tadashi Yanai
  • Entering medical field through myopia suppression research with Keio University School of Medicine
  • Made Yamato Technical a subsidiary to strengthen in-house manufacturing
  • Signed UN Global Compact and participates in international CSR activities
  • Signed comprehensive partnership agreement with Maebashi City, Gunma Prefecture for close collaboration
  • Implemented disaster area support activities with JINS GO mobile sales vehicles
  • Multiple rankings in Nikkei MJ Hit Products Tournament
  • JINS MEME technology expanded to accessibility products

Future Outlook

Growth Drivers

  • Expansion of functional and health-oriented eyeglasses market
  • Customer experience improvements using digital and AI technology
  • Aggressive expansion in overseas markets (especially Southeast Asia and USA)
  • Business entry into medical devices and new technology development
  • Strengthening of SDGs-aligned sustainability measures
  • Enrichment of new materials and eco-friendly products
  • Expansion of local community-based business model
  • Popularization of digital ordering, fitting, and pickup services
  • Productivity enhancement through improved employee satisfaction
  • Diverse customer acquisition through comprehensive brand strategy
  • 开拓 of new fields like accessibility products
  • Long-term stable foundation building through coexistence with local communities

Strategic Goals

  • Achieve top 3 global store count by country
  • Complete eco-friendly certification for all stores
  • Increase medical device-related sales ratio to over 20%
  • Achieve 20% sales efficiency improvement via AI utilization
  • Improve employee diversity index and maintain retention rate over 90%
  • Nationwide rollout of regional coexistence projects
  • Hold over 30 proprietary brand technology patents
  • Complete international standard compliance for sustainability reporting
  • Achieve over 95% digitalization rate from order to pickup
  • Expand new business fields to over 10% of sales composition

Business Segments

Wholesale and Retail Store Support

Overview
Provides wholesale of eyeglasses and related products along with support for retail stores.
Competitiveness
Nationwide network and efficient logistics collaboration
Customers
  • Retailers
  • Local city store operators
  • Shopping center operators
  • Logistics companies
Products
  • Bulk eyeglasses product supply
  • Sales promotion tools
  • In-store IT system support
  • Custom order handling

OEM and Manufacturing Contracts

Overview
Provides frame manufacturing and processing services at high-quality factories.
Competitiveness
In-house factory technology and quality control
Customers
  • Other eyewear brands
  • Fashion brands
  • Sports goods manufacturers
Products
  • Eyeglasses frame manufacturing
  • Special lens processing
  • Design consulting

Digital Technology Services

Overview
Retail support services utilizing AI and 3D fitting IT technologies.
Competitiveness
Industry-first introduction of digital innovation technologies
Customers
  • Store operators
  • Advertising agencies
  • IT companies
Products
  • AI eyeglasses recommendation
  • Online fitting system
  • Customer data analysis tools

R&D and Joint Projects

Overview
Promotes advanced technology development and joint research for entry into the medical field.
Competitiveness
Technology accumulation through industry-academia collaboration
Customers
  • University research institutions
  • Medical device manufacturers
  • Public research organizations
Products
  • New material development
  • Eyeglasses design for medical devices
  • Visual function protection products

Competitive Advantage

Strengths

  • Cost competitiveness through consistent SPA model
  • Strong domestic and international sales network
  • Innovative functional eyewear product development capabilities
  • Product design strength through collaboration with renowned designers
  • Enhanced customer experience using advanced AI technology
  • Implementation of environmentally conscious sustainability practices
  • Aggressive overseas expansion strategy
  • Rapid new product development and launch
  • Abundant store count and brand recognition
  • Product lineup accommodating wide customer segments
  • Comprehensive regional contribution activities
  • Strong management team and governance structure
  • Stable financial foundation
  • Proprietary R&D system
  • Comprehensive digital services

Competitive Advantages

  • Largest domestic eyewear specialty store network for customer reach
  • Functional eyewear products leveraging proprietary optical technology
  • Pioneer in online fitting systems using AI and 3D technology
  • Advanced product development track record in children's eyewear market
  • International certifications and disclosures in sustainability
  • High technological quality and efficiency in OEM manufacturing
  • Market expansion through local mobile sales services
  • Coverage of diverse customer needs with varied price ranges and designs
  • Creation of new markets through full entry into medical devices
  • Advanced introduction of digital reception and self-pickup lockers
  • Ongoing collaborations with world-renowned designers
  • Improved employee satisfaction through comprehensive benefits
  • Differentiation through active adoption of high-function materials
  • Superiority through global procurement and sales base
  • Maximized customer convenience across diverse sales channels

Threats

  • Maturing domestic eyewear market and intensifying competition
  • Increasing entry of emerging low-price brands
  • Manufacturing cost risks from exchange rate fluctuations
  • Rapid technological evolution leading to product obsolescence
  • Rising difficulty in regulatory strengthening and medical device certifications
  • Consumption slowdown due to social changes like new infectious diseases
  • Increased cost burdens from strengthened environmental regulations
  • Political risks in overseas markets
  • Supply delays from logistics disruptions
  • Intensifying talent acquisition competition
  • Declining profit margins from price competition
  • Store and logistics damage from natural disasters

Innovations

2024: Joint research starts on big data for refractive status

Overview
Partnering with Osaka University to analyze large sales data for refractive abnormality trends.
Impact
Will contribute to future product function improvements and deeper market understanding

2025: Launch of JINS ASSIST product enabling mouse operation with head movements

Overview
Commercialization of new accessibility tool applying JINS MEME technology.
Impact
Contributes to creating new markets in disability support

2021: Launch of JINS 1DAY COLOR contact lenses

Overview
Added color type to existing 1DAY products, expanding customer base.
Impact
Contributes to revenue diversification in contact lens business

2020: Refresh and new rollout of JINS PROTECT series

Overview
Renewed pollen CUT product line, strengthened droplet prevention for new demand.
Impact
Led sales growth by meeting infection control needs

2022: Full introduction of AI future-predictive management system

Overview
Introduced system where AI handles sales forecasting to reduce stockouts and waste.
Impact
Significantly contributes to operational efficiency and reduced environmental impact

2023: Introduction of self-pickup locker 'PICK UP LOCKER'

Overview
Lockers available at stores nationwide to improve customer convenience.
Impact
Improved customer satisfaction by reducing pickup wait times

2021: Opening of JINS PARK Maebashi

Overview
New facility opened as a base for community coexistence and innovation.
Impact
Contributes to regional contributions and improved employee work environment

2021: Full store rollout of JINS BRAIN AI recommendation function

Overview
Nationwide rollout of service recommending products based on customer preferences and face shape using AI.
Impact
Demonstrated improved purchase experience quality and sales promotion effects

2020: Launch of new JINS SAUNA product

Overview
New design product equipped with lens technology specialized for sauna users.
Impact
Successfully developed niche market

2022: Opening of environmentally friendly stores and TCFD recommendation compliance

Overview
Opened eco-friendly stores and strengthened climate-related financial disclosures.
Impact
Improved ESG ratings and gained investor trust

Sustainability

  • Achieved top MSCI ESG rating 'AAA'
  • Climate change response disclosures based on TCFD recommendations
  • Introduction of eco-friendly shopping bags and waste reduction
  • Development of uniforms using recycled PET bottle yarn
  • Sales forecasting and waste reduction using AI
  • Eco-friendly stores achieved top BELS certification rank
  • Signed and joined UN Global Compact
  • Strengthened BCP logistics bases (Osaka warehouse operational)
  • Wage adjustments to address regional disparities
  • Disaster area support via mobile sales service 'JINS GO'
  • Ongoing efforts in sustainable material use
  • Promotion of employee diversity and work environment improvements