JM Holdings

Basic Information

Stock Code
3539
Industry
Retail
Category Detail
General Merchandise & Food Retailers
Prefecture
Ibaraki Prefecture
Establishment Year
August 1978
Listing Year
April 2016
Official Website
https://jm-holdings.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
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Overview

Japan Meat is the largest food retailer based in Ibaraki Prefecture, founded in 1978. It operates a variety of food retail stores with strengths in fresh meat and produce, and functions as a holding company.

Current Situation

Japan Meat achieved consolidated sales of approximately 172.3 billion yen, operating profit of about 9.1 billion yen, and net profit of about 5.4 billion yen for the fiscal year ending July 2024, demonstrating steady growth. It primarily operates supermarkets centered in the Tokyo metropolitan area and Kanto region, strengthening its brand power in the fresh meat sector. The group includes subsidiaries in diverse sectors such as dining out, events, and wholesale, forming a stable revenue base. Since transitioning to a holding company structure, it has accelerated acquisition strategies, including the acquisition of the Tokyo-based food supermarket 'Super Mirabel' to expand its store network. It actively engages in sustainability efforts, aiming to reduce environmental impact through community-focused sales and efficient production and logistics. Moving forward, it plans to expand market share by further strengthening store openings in the Tokyo metropolitan area and developing private brand (PB) products. Financially stable with borrowings from major banks, it employs around 1,200 people and possesses strong organizational capabilities. It is focusing on community contributions and digital transformation for future growth.

Trivia

Interesting Facts

  • Originated from the meat shop 'Maruhachi Meat Shop' founded in 1945.
  • Diverse PB products in fresh meat sector are a key strength.
  • Operates numerous supermarkets strong in fresh meat centered in Kanto region.
  • Transitioned to holding company structure in 2020 to promote management efficiency.
  • Rapid growth via acquisition of Tokyo's Super Mirabel in 2023.
  • Operates fresh food sections as tenants in Joyful Honda stores.
  • Subsidiaries include food service businesses like yakiniku and Manyutei.
  • Abundant borrowings from major banks ensure stable financial base.
  • Actively partners with local farmers in community-focused approach.
  • Approximately 1,200 employees (pure employees excluding part-timers).
  • Shareholder benefits featuring fresh meat products are popular.
  • Aiming for sales growth through aggressive store openings in Tokyo metropolitan.
  • Strong reputation for fresh meat freshness since founding.
  • Frequently appears in Nikkei 225-related news.
  • Most stores are self-service supermarkets focused on food products.

Hidden Connections

  • Operates as a tenant in Joyful Honda's fresh food sections, maintaining deep business partnership.
  • Deploys food service businesses within and outside the group, linking food distribution and dining strategies.
  • Built strong relationships with local Ibaraki produce wholesalers, contributing to regional economy.
  • Acquired Super Mirabel in Tokyo serves a different customer segment from local food supermarkets.
  • Collaborates with many local small supermarkets and wholesale-related companies to build sales channels.
  • Numerous subsidiaries enable diversified group management.
  • Shareholder composition features high ownership ratio centered on founding family.
  • External investors and funds hold certain shares, attracting market attention.

Future Outlook

Growth Drivers

  • Aggressive store openings in Tokyo metropolitan and Kanto area
  • Customer retention through PB product expansion
  • Revenue growth in food service and events business
  • Cost reduction via logistics efficiency and IT introduction
  • Strengthening community-focused services
  • Expansion of digital sales channels
  • Differentiation strategy through local production for local consumption
  • New business development via M&A
  • Proactive response to sustainability
  • Service quality improvement through employee training
  • Store innovation responding to changing customer needs
  • Marketing reinforcement to enhance brand value

Strategic Goals

  • Double current number of stores in Tokyo metropolitan area
  • Achieve over 40% sales ratio from PB products
  • Reduce CO2 emissions by over 30%
  • Reduce food waste to under 20%
  • Strengthen social activities to enhance regional economic contributions
  • Fully digitize and energy-save logistics
  • Nationwide expansion of new food service business
  • Maintain customer satisfaction over 90%
  • Expand employee diversity and reform work styles
  • Achieve sales over 300 billion yen

Business Segments

Food Service Chains

Overview
Business providing high-quality meat and prepared food raw materials to the food service industry.
Competitiveness
Fresh meat quality control and stable supply system
Customers
  • Yakiniku Restaurants
  • Restaurants
  • Prepared Food Manufacturers
  • Izakaya Chains
  • Cafes
Products
  • Fresh Meat Wholesale
  • Prepared Food Material Supply
  • Processed Foods
  • Yakiniku Meat Slices
  • Seasonings

Retailers' Merchandise Supply

Overview
Supplies food wholesale convenience goods to other retail chains.
Competitiveness
Diverse product lineup and logistics network
Customers
  • Local Supermarkets
  • Convenience Stores
  • Fresh Market Operators
  • Specialty Stores
  • OEM Partners
Products
  • Fresh Meat Products
  • Produce
  • Fresh Fish
  • Prepared Foods
  • Processed Foods

Events / Facility Operations

Overview
Develops services related to events and facility operations.
Competitiveness
Flexible operations rooted in the region
Customers
  • Event Promoters
  • Commercial Facility Operators
  • Local Governments
  • Corporations
  • Event Organizers
Products
  • Event-Related Services
  • Facility Operation Management
  • Food Service Provision

Outsourced Services

Overview
Provides outsourced services for logistics and processing operations.
Competitiveness
Efficient logistics network
Customers
  • Manufacturers
  • Logistics Companies
  • Food Processors
  • Supermarkets
  • Local Governments
Products
  • Outsourced Logistics
  • Processed Food Management
  • Inventory Management Services

Produce Wholesale

Overview
Handles wholesale and distribution as a produce intermediary.
Competitiveness
Fresh local produce assortment
Customers
  • Retail Stores
  • Restaurants
  • Local Markets
  • Delivery Companies
  • School Lunches
Products
  • Produce Wholesale
  • Direct-from-Producer Items
  • Premium Agricultural Products

Food Processing Raw Materials Supply

Overview
Supplies raw materials necessary for food processing.
Competitiveness
Thorough safety management and stable procurement
Customers
  • Food Service Companies
  • Food Manufacturers
  • Prepared Food Producers
  • Processors
  • Food Exporters
Products
  • Meat Raw Materials
  • Seafood Raw Materials
  • Processed Food Materials

Competitive Advantage

Strengths

  • Strong community-based store network
  • High brand power in fresh meat sector
  • Diversified business portfolio
  • Management efficiency via holding company structure
  • Stable financial base
  • Funding capabilities from major banks
  • Aggressive M&A for store expansion
  • In-house prepared foods business
  • Extensive logistics network
  • Excellent customer loyalty
  • Strong ties with local community
  • PB product rollout
  • Sales channel expansion through external partnerships
  • Recognition as comprehensive food retailer
  • Gradual adoption of digitalization

Competitive Advantages

  • Strengthened presence in Kanto area including Tokyo metropolitan
  • Synergy creation across diverse business areas
  • Price competitiveness secured by PB products
  • Expansion of food service and events business using group subsidiaries
  • Agile management decisions enabled by holding company system
  • Stable customer base centered in local Ibaraki
  • Accumulated expertise and quality control in fresh meat over many years
  • Rapid store network expansion via large-scale acquisitions
  • Maximizing customer touchpoints through diverse sales channels
  • Strong funding supply based on high financial soundness
  • Gaining consumer trust through deep community contributions
  • Creating new revenue sources from food service and events
  • High specialization differentiating from major supermarkets
  • Cost optimization through logistics efficiency
  • Management structure supporting diversified businesses

Threats

  • Intense price competition in food industry
  • Changes in consumer behavior due to novel infectious diseases, etc.
  • Risk of raw material price fluctuations
  • Rising labor costs due to labor shortages
  • Integration risks from acquisitions
  • Local economic downturn
  • Lag in DX advancement in retail industry
  • Challenges in responding to diversifying consumer preferences
  • Intensified competition with major chain stores
  • Cost increases from environmental regulations
  • Risks of logistics delays and supply chain disruptions
  • Brand damage from food safety issues

Innovations

2023: Expansion into Tokyo metropolitan via Super Mirabel acquisition

Overview
Acquired a food supermarket company operating 17 stores in Tokyo, achieving store network expansion.
Impact
Contributes to market share growth in Tokyo metropolitan and performance stability

2022: Strengthened PB product development

Overview
Expanded Japan Meat brand fresh meat and prepared foods to improve customer satisfaction.
Impact
Sales growth and margin improvement through differentiation

2021: Introduction of digital POS system

Overview
Introduced latest POS systems in select stores to promote data utilization.
Impact
Succeeded in efficient inventory management and sales promotion

2020: Transition to holding company structure

Overview
Shifted to holding company system to enhance management agility and group synergies.
Impact
Achieved improved management efficiency and accelerated business expansion

2024: Introduction of eco-friendly logistics facilities

Overview
Equipped new logistics center with environmentally considerate facilities to promote CO2 reduction.
Impact
Succeeded in reducing logistics costs and environmental impact

2023: Introduction of AI-based demand forecasting

Overview
Introduced system using store sales data for optimal ordering predictions with AI.
Impact
Reduced stockouts and waste losses

2022: Strengthened partnerships with local farmers

Overview
Built dedicated distribution routes to promote direct sales of Ibaraki produce.
Impact
Enhanced local production for local consumption and product quality

2021: Store prepared food equipment renewal

Overview
Renewed prepared food manufacturing equipment in select stores to latest models, improving work efficiency.
Impact
Improved prepared food quality and productivity

2020: Launch of online shopping

Overview
Built EC delivery network and started online sales in select regions.
Impact
Improved customer convenience and sales expansion

2024: Adoption of sustainable packaging materials

Overview
Began introducing low-environmental-impact packaging materials to reduce plastics.
Impact
Reduced packaging waste and enhanced environmental branding

Sustainability

  • Promotion of environmentally considerate logistics system
  • Support for local economy through local production for local consumption
  • Reduction of plastic packaging materials
  • Promotion of energy-saving store operations
  • Participation in local cleanups and tree-planting activities
  • Strengthened measures to reduce food waste
  • Improved employee health and safety management
  • Active introduction of local agricultural products
  • Thorough sustainable resource procurement
  • Exploration of renewable energy utilization
  • Participation in recycling promotion activities
  • Promotion of diversity and inclusion