Early Age

Basic Information

Stock Code
3248
Industry
Real Estate
Category Detail
Real Estate & Housing
Prefecture
Tokyo
Establishment Year
December 1993
Listing Year
October 2007
Official Website
https://www.early-age.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
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Overview

Early Age is a growing company in the real estate industry established in 1993, focusing on condominium management as its core business while also engaging in bulk leasing and real estate development.

Current Situation

Early Age develops its condominium management business mainly in Tokyo, building a stable revenue base with bulk leasing of properties from owners as its mainstay. Estimated sales for 2023 are approximately ¥15 billion, maintaining a solid financial constitution. It also engages in real estate development business, strengthening the full cycle from property planning to sales. For differentiation from competitors, it focuses on rapid improvement of occupancy rates and optimization of management costs, maintaining high customer satisfaction. Amid increasing condominium demand in central Tokyo, it is planning further expansion strategies. As ESG measures, it advances environmental burden reduction and regional collaboration, fulfilling social responsibilities. In the medium to long term, it aims for sustainable growth by balancing rental management and development, promoting new equipment introductions and business efficiency improvements. By leveraging the latest IT, it implements database management and business automation, contributing to improved competitiveness.

Trivia

Interesting Facts

  • Possesses unique service brands specialized in central Tokyo property management
  • Maintains occupancy rate over 99% with bulk leasing method
  • High evaluation in resale market through renovation business
  • Many managed properties concentrated in central and southern Tokyo areas
  • Online contract service is pioneering in real estate industry
  • Management system boasting high repeat rate from customers
  • Proprietary program specialized in tenant support for rental management
  • Started utilizing AI matching technology in rental recruitment activities
  • Hosts numerous collaboration events with local communities
  • Efforts in disaster prevention and crime prevention evaluated and contributing to local society
  • Also handles building management services for diversification
  • Developing AI-utilizing predictive maintenance system for equipment
  • Early introduction of online payments for rental contracts
  • Advancing development of environmentally certified condominiums
  • Participating in vacant house measures in collaboration with local governments

Hidden Connections

  • Strategic partnerships with several major real estate developers to share development projects
  • Provides customized asset management services for real estate funds
  • Conducts asset management consulting in collaboration with financial institutions
  • Collaborates with regional disaster prevention organizations to conduct drills at managed properties
  • Links tenant support services with local elderly support groups
  • Collaborating with AI tech ventures to advance rental recruitment matching
  • Considering licensing online contract system to other companies
  • Pilot project providing student-oriented condominiums in collaboration with educational institutions

Future Outlook

Growth Drivers

  • Increasing rental demand in central Tokyo
  • Expanding rental management needs in aging society
  • Business efficiency through IT utilization
  • Market expansion of environmentally considerate condominium development
  • Increasing renovation demand
  • Domestic expansion of foreign real estate investments
  • Repeat business expansion through customer satisfaction improvement
  • Revenue diversification through multifaceted service deployment
  • Brand strengthening through regional collaboration
  • DX promotion such as online contracts
  • Growth promotion of asset management consulting business
  • Advanced disaster and safety measures

Strategic Goals

  • Maintain 99% occupancy rate for managed properties
  • Achieve ¥20 billion in management sales
  • Expand development of environmentally certified condominiums
  • Advanced IT systems and full implementation
  • Strengthen social contributions through regional collaboration
  • 10% annual growth in new renovation projects
  • Service deployment responding to diversifying customer needs
  • Introduce online contracts etc. to all managed properties
  • Improve balance between rental management and development businesses
  • Achieve industry-leading disaster countermeasures

Business Segments

Condominium Management Outsourcing Business

Overview
Provides comprehensive bulk leasing and management services to condominium owners and management associations.
Competitiveness
Achieves high occupancy rates and revenue stability
Customers
  • Condominium owners
  • Management associations
  • Real estate investment corporations
  • Real estate management companies
  • Developers
  • Real estate funds
  • Local governments
  • Corporate customers
Products
  • Bulk leasing management service
  • Tenant recruitment agency
  • Equipment management and maintenance
  • Cleaning and patrol inspections
  • Emergency response service
  • Asset management consulting

Real Estate Development and Sales

Overview
Handles planning to sales of new condominiums and renovated properties.
Competitiveness
Planning capabilities tailored to target needs
Customers
  • Individual customers
  • Real estate investors
  • Construction companies
  • Developers
  • Financial institutions
Products
  • Condominium planning and development
  • Real estate sales
  • Renovation business
  • Land utilization consulting
  • Sales management

Rental Property Management

Overview
Supports stable operations for rental properties requested by landowners.
Competitiveness
Rapid trouble response capabilities
Customers
  • Landowners
  • Individual rental owners
  • Real estate companies
Products
  • Apartment and condominium management
  • Tenant support
  • Rent collection agency
  • Trouble response

Facility Management

Overview
Provides comprehensive management services for commercial facilities and offices.
Competitiveness
Cost reductions through integrated management
Customers
  • Commercial building owners
  • Office building management companies
  • Government facilities
Products
  • Equipment maintenance
  • Cleaning management
  • Security management

Real Estate Related Consulting

Overview
Consulting services supporting real estate utilization from multiple perspectives.
Competitiveness
Proposal capabilities from experienced experts
Customers
  • Real estate funds
  • Construction companies
  • Investors
  • Landowners
Products
  • Land utilization planning
  • Asset management advice
  • Market research
  • Regulatory compliance support

IT System Provision and Operation

Overview
Deploys various IT services to improve business efficiency.
Competitiveness
User-friendly in-house developed management system
Customers
  • Owners of in-house managed properties
  • Condominium management associations
  • Real estate management companies
Products
  • Management system
  • Tenant portal
  • Online contract service

Competitive Advantage

Strengths

  • Stable revenue base through bulk leasing
  • Broad real estate development capabilities
  • Strong sales base centered in Tokyo
  • Ongoing efforts to improve customer satisfaction
  • IT utilization supporting business efficiency
  • Abundant management expertise
  • Asset management consulting provision
  • Diverse sales channel deployment
  • Rapid tenant recruitment response
  • Trust building through long-term regional collaboration
  • Service expansion to corporate customers
  • Business operations considering sustainability
  • Differentiation through renovation business
  • High quality of cleaning and patrols
  • Strong in-house management system development capabilities

Competitive Advantages

  • Revenue stabilization and risk diversification through bulk leasing
  • Proprietary customer management system and efficient business processes
  • Strong sales network and brand recognition in central Tokyo
  • Active real estate development promoting revenue base diversification
  • Synergy effects between management services and development business
  • Improved satisfaction through prompt and detailed tenant response
  • Operational cost reductions and service quality enhancement through IT
  • Community formation through regionally rooted services
  • Broad provision of real estate related consulting
  • Integrated management through facility management
  • High diversity and responsiveness of managed properties
  • Asset utilization proposal capabilities based on abundant track record
  • Promotion of environmentally considerate condominium development
  • Market responsiveness through both renovation and new development
  • Ability to provide rental management plans beyond bulk leasing

Threats

  • Risks of fluctuations in Tokyo real estate market conditions
  • Intensifying price competition with competitors
  • Declining rental demand trend due to aging population decline
  • Increased management costs due to strengthened regulations
  • Property damage risks from natural disasters
  • Changes in residential demand due to COVID-19 etc.
  • Investment restraint due to deteriorating financial conditions
  • Declining profit margins due to rising construction materials and labor costs
  • Delays in responding to rapid technological advancements
  • Increasing societal demands for environmental considerations
  • Challenges in legal risk management such as contract troubles
  • Increasing tenant troubles in rental management

Innovations

2024: Promotion of IT Automation in Condominium Management Operations

Overview
Efficiency improvement through digitalization of tenant response and inspection operations. Introduced cloud-based management system.
Impact
20% improvement in operational efficiency, 10% cost reduction

2023: Launch of Environmentally Considerate Condominium Development

Overview
Planning new sales condominiums utilizing energy-saving technologies and renewable energy.
Impact
Achieved 30% reduction in environmental impact

2022: Introduction of Smartphone App for Tenants

Overview
Developed and launched trouble reporting and management portal to improve tenant services.
Impact
15% improvement in customer satisfaction

2021: Strengthening of Renovation Business

Overview
Expanded renovation planning to enhance value of resale condominiums.
Impact
15% increase in sales

2020: 24-Hour Emergency Response System

Overview
Established rapid trouble response system for managed properties at night and on holidays.
Impact
Improved tenant satisfaction and contract renewal rates

Sustainability

  • Active adoption of energy-saving technologies
  • Promotion of renewable energy utilization
  • Support for waste sorting and recycling promotion
  • Participation in local cleaning and greening activities
  • Promotion of long-life design for managed properties
  • Environmental awareness education for tenants
  • Economic support for eco-equipment introductions
  • Hygiene enhancements as infection control measures
  • Strengthened disaster prevention through regional collaboration
  • Waste reduction through business efficiency
  • Formulation of sustainable asset management policies
  • Paperless promotion through IT