Jinushi
Basic Information
- Stock Code
- 3252
- Industry
- Real Estate
- Category Detail
- Investment
- Prefecture
- Osaka Prefecture
- Establishment Year
- April 2000
- Listing Year
- November 2007
- Official Website
- https://www.jinushi-jp.com/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Kitahama Capital Partners, Ichigo, Kita no Tatsujin, AD Works Group, Creal, First Brothers, Roadstar Capital, Kasumigaseki Capital, GMO Pepabo, Wealth Management, Simplex, Fintech Global, Tosei
Overview
Jinushi Co., Ltd. is a real estate investment company established in 2000. Through the JINUSHI Business utilizing fixed-term land leasehold rights, it has established a stable revenue model and built a unique position in the industry.
Current Situation
Jinushi Co., Ltd. recorded consolidated net sales of 31.59 billion yen and ordinary income of 5.718 billion yen for the fiscal year ended December 2023, maintaining a solid revenue base. The core business involves acquiring and leasing underlying land using business fixed-term land leasehold rights, achieving long-term stable revenue. The JINUSHI Business is a comprehensive model covering everything from land procurement to asset management, operating an underlying land-specialized private REIT to expand its asset base. It has successfully differentiated itself from competitors and is advancing commercial facility-specialized REIT operations and overseas expansion (US). In 2023, it received the Porter Prize for its unique underlying land product, which had previously been overlooked as an investment target, in recognition of financial product innovation. The work environment is also attractive, with high starting salaries and an average annual salary of 16.94 million yen. Moving forward, it aims to achieve stable revenue growth and business structure reinforcement, expanding investment areas in the Tokyo, Osaka, Nagoya metropolitan areas, and regional cities.
Trivia
Interesting Facts
- JINUSHI Business is an innovative investment model leveraging leasehold law amendments
- New graduate starting salary of 500,000 yen is among the highest in the real estate industry
- Underlying land-specialized private REIT is Japan's first initiative
- Received Porter Prize in 2023 for underlying land product development
- Head office located in Shin-Marunouchi Building, Marunouchi, Tokyo
- Consistently focused on underlying land since founding, pioneering the market
- Delisted from Nagoya Stock Exchange Premier Market in March 2024
- US real estate investments expanded to multiple cities
- Employee average annual salary of 16.94 million yen exceeds parent company
- Chairman and CEO Representative Director is founder Tetsuya Matsuoka
Hidden Connections
- Deeply involved as a support company in Kennedyx's commercial REIT business
- Established multiple comprehensive buy-sell transaction frameworks with Sumitomo Mitsui Finance & Leasing
- Had joint investment relationship with Shin-Nippon Commercial Development but later dissolved
- Holds financial instruments business registration and operates unlisted private funds
- Company location is in the nearest district to the Tokyo Stock Exchange
- Conducts US real estate investments through JINUSHI USA INC.
- Founder Matsuoka currently participates in management as a director
- High-compensation new graduate salary system attracting industry attention
Future Outlook
Growth Drivers
- Projected expansion of business fixed-term land leasehold rights market
- Increasing demand for underlying land investments domestically and internationally
- Stabilization of leasing demand due to aging society
- Demand for commercial facility renovations
- REIT operations expansion and rights diversification
- Potential for overseas real estate investment growth
- Rising interest in sustainable real estate development
- Development of advanced real estate financial products
- Real estate market revitalization with economic recovery
- Customer acquisition through brand strengthening in the industry
Strategic Goals
- Achieve 300 billion yen in underlying land-specialized REIT assets
- Expand cities for JINUSHI Business overseas rollout
- Develop sustainability-compliant real estate products
- Improve annual profit margins and reduce business risks
- Promote diversification of investor base
- Advanced asset management through digital technology introduction
- Project expansion through strengthened regional collaboration
- Enhanced ESG disclosures and improved evaluations
- Talent retention through high-compensation new graduate system
- Ongoing promotion of financial product innovation
Business Segments
Real Estate Investment Product Planning and Sales
- Overview
- Plans long-term fixed-term land leasehold right products and sells to investors.
- Competitiveness
- Product design specialized in underlying land and extensive track record
- Customers
-
- Pension funds
- Institutional investors
- Real estate funds
- Securities companies
- Products
-
- JINUSHI Fund
- Underlying Land-Specialized Private REIT
- Commercial REIT Brokerage
Asset Operations and Management Services
- Overview
- Provides operations and asset management for real estate funds.
- Competitiveness
- Consistent operations framework and expertise
- Customers
-
- Private fund operators
- Institutional investors
- Corporate clients
- Products
-
- Jinushi Private REIT Operations
- Asset Management Consulting
Overseas Real Estate Investment
- Overview
- Acquires and manages prime-location properties in the US market.
- Competitiveness
- Overseas expansion of JINUSHI Business
- Customers
-
- Global investors
- Institutional investors
- Products
-
- US Fixed-Term Land Leasehold Property Acquisition
Competitive Advantage
Strengths
- Unique business model utilizing business fixed-term land leasehold rights
- Operational track record of underlying land-specialized private REITs
- Investment network centered on Tokyo, Osaka, and Nagoya metropolitan areas
- Securing top talent with high starting salaries and average annual pay
- Abundant know-how in business land leasing management
- Asset management system supporting long-term stable revenue
- Business expansion in the US market overseas
- Financial product innovation within the industry
- Stable fund formation capabilities
- Representative's experience and founder's management involvement
Competitive Advantages
- Safety and profitability of assets through long-term fixed-term land leasehold rights
- Pioneering position in untapped markets specialized in underlying land
- Providing diversified investment opportunities via REITs and private funds
- Investor trust through advanced asset operations capabilities
- Diverse sales channels and customer base
- Improved operational efficiency with growing fund scale
- Development of unique financial products and industry recognition
- Land investment strategy leveraging regional characteristics
- Maintaining stable ordinary profit margins
- Organizational strengthening through talent development and high compensation
Threats
- Real estate market price fluctuation risks
- Changes in leasehold rights regulations due to legal amendments
- Expansion of competitors into the underlying land market
- Decline in investment appetite due to economic downturn
- Exchange rate risks associated with overseas investments
- Asset value decline due to disaster risks
- Asset impairment risks from land price declines
- Interest rate fluctuations in financial markets
- Reduced rental income from tenant business deterioration
- Deterioration in funding environment
Innovations
2023: Development of Underlying Land-Specialized Financial Products and Porter Prize Award
- Overview
- Created financial products specialized in undervalued underlying land, earning recognition domestically and internationally.
- Impact
- 开拓 new markets in financial products and brand strengthening
2022: Corporate Name Brand Unification and JINUSHI Business Strengthening
- Overview
- Changed company name to product name to enhance brand power.
- Impact
- Improved market recognition and expanded investment opportunities
2020: Business Structure Stabilization through Long-term Holdings
- Overview
- Promotes long-term holding of real estate investment products using part of cash holdings.
- Impact
- Revenue stabilization and business foundation strengthening
2021: Introduction of High-Compensation System for New Graduates
- Overview
- Offers starting monthly salary of 500,000 yen to secure top talent.
- Impact
- Securing excellent talent and enhancing corporate competitiveness
2024: Expansion of JINUSHI Business into the US
- Overview
- Acquired prime-location investment properties in Los Angeles, Chicago, and Long Beach.
- Impact
- Diversification of overseas asset portfolio and revenue base expansion
Sustainability
- Promotes long-term land use to suppress unnecessary redevelopment
- Social contributions through regional commercial revitalization
- Asset management contributing to land price stabilization
- Development mindful of reducing environmental impact
- Promotion of sustainable fund operations policies
- Strengthening collaboration with local communities
- Compliant operations with high transparency
- Enhanced ESG information disclosure for investors