Yoshicon
Basic Information
- Stock Code
- 5280
- Industry
- Real Estate
- Category Detail
- Real Estate & Housing
- Prefecture
- Shizuoka Prefecture
- Establishment Year
- January 1969
- Listing Year
- November 1993
- Official Website
- https://www.yoshicon.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
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Overview
Yoshicon is a comprehensive urban development company established in 1969, with real estate development and construction materials business as its pillars, operating primarily in Shizuoka Prefecture with a focus on regional communities, and listed on the Tokyo Stock Exchange Standard Market.
Current Situation
Yoshicon recorded consolidated sales of 14.7 billion yen and net profit of 1.2 billion yen for the fiscal year ended March 2023, maintaining solid performance. Real estate development and condominium supply are its mainstays, promoting land development and commercial facility development within Shizuoka Prefecture. It has shifted from concrete products to construction materials sales and is strengthening its environmental business. It is also actively engaged in real estate securitization through registration as a trust beneficiary rights sales business. It is advancing business operations with consideration for sustainability, aiming for urban development in symbiosis with local society. It is focusing on strengthening its management base, including the establishment of Tokai-do REIT Investment Corporation in 2021 and the market change on the Tokyo Stock Exchange in 2022. Moving forward, it plans to achieve growth through the development of environmentally responsive building materials and regionally focused real estate business. It has multiple subsidiaries, building a multifaceted business structure and stable revenue base.
Trivia
Interesting Facts
- Founded in 1949, an established company rooted in the region.
- First company in Shizuoka Prefecture registered for trust beneficiary rights sales.
- Promoting corporate transformation away from civil engineering and concrete.
- Multifaceted management through multiple specialized subsidiaries.
- Close collaboration with local governments for regional development.
- Established Tokai-do REIT Investment Corporation in 2021.
- Wide business spanning from construction materials to real estate securitization.
- TSE Standard-listed company headquartered in Tokiwa-cho, Aoi-ku.
- Group companies include YCC Co., Ltd. and others.
- Strengthening housing and commercial facility development centered in Shizuoka Prefecture.
- Aiming for sustainable management through shift to environmental business.
- Approx. 138 consolidated employees, regional-focused scale.
- Embr series condominiums as main products.
- Multifaceted business with paid-in capital of 100 million yen.
- Shifted to new president system in 2019 to strengthen organization.
Hidden Connections
- Close business partnership with major shareholder Wise Co., Ltd.
- Entered new construction materials market through establishment of YCK Co., Ltd.
- Pioneering real estate securitization by establishing Tokai-do REIT Investment Corporation.
- Jointly developing regional commercial facilities with local governments in Shizuoka Prefecture.
- De-concrete strategy attracting attention in the industry.
- Market change to TSE Standard contributed to improved credibility.
- Subsidiary YCC Co., Ltd. strong in construction materials sales.
- Risk diversification effect from business spanning multiple industries.
Future Outlook
Growth Drivers
- Stable regional-focused real estate demand
- Expanding demand for environmentally considerate building materials
- Growth and increased attention in real estate securitization market
- Asset value enhancement strategy for condominiums
- Promotion of regional development through strengthened government collaboration
- Increased demand for eco-materials due to stricter environmental regulations
- Efficiency gains from online management systems
- Revenue source diversification through multifaceted businesses
- Uncovering housing needs among younger generations
- Building strong brand in long-term stable markets
- Market expansion from successful de-concrete business transformation
- Improved business efficiency through digital technology introduction
Strategic Goals
- Expand market share in regional-focused real estate development
- Raise sales ratio of environmentally considerate materials to over 50%
- Achieve consolidated sales of 30 billion yen
- Asset expansion through Tokai-do REIT Investment Corporation
- Strengthen contributions to regional society through sustainable urban development
- Strengthen revenue base by maximizing group synergies
- Achieve 30% improvement in operational efficiency through IT utilization
- Increase customer touchpoints by expanding diverse sales channels
- Cultivate environmental business as a new growth pillar
- Advance sophisticated in-house talent development system
Business Segments
Construction Materials Supply
- Overview
- Stably supplies durable and environmentally considerate construction materials to construction sites.
- Competitiveness
- High-quality and rapid supply system based on regional proximity
- Customers
-
- Construction companies
- General contractors
- Local builders
- Renovation contractors
- Public entities
- Products
-
- Concrete secondary products
- Environmentally considerate construction materials
- Precast construction components
- Civil engineering materials
Real Estate Development
- Overview
- Aims to enhance regional social value through development planning tailored to local needs.
- Competitiveness
- Trust rooted in the region and diverse development track record
- Customers
-
- Developers
- Financial institutions
- Local governments
- Commercial tenants
- Investment corporations
- Products
-
- Land development projects
- Condominium planning
- Commercial facility development
- Redevelopment projects
Real Estate Securitization Support
- Overview
- Provides real estate securitization support services utilizing trust beneficiary rights.
- Competitiveness
- Accumulated know-how and reliability from early entry
- Customers
-
- Investors
- Real estate companies
- Financial institutions
- Products
-
- Trust beneficiary rights sales
- Asset management consulting
Environmental Business
- Overview
- Develops environmentally responsive businesses aiming for a sustainable society.
- Competitiveness
- Strong environmental awareness rooted in the region
- Customers
-
- Construction companies
- Local governments
- Environmental companies
- Products
-
- Construction waste recycling
- Environmentally considerate building materials development
Condominium Management
- Overview
- Provides management services to support smooth operation of condominiums.
- Competitiveness
- Reliability based on long years of management experience
- Customers
-
- Condominium owners
- Management associations
- Products
-
- Condominium management services
- Management operation agency
Competitive Advantage
Strengths
- Regional-focused real estate development capabilities
- Diversified construction materials business
- Stable revenue structure
- Early entry into trust beneficiary rights sales
- Business expansion through multiple subsidiaries
- High customer trust
- Abundant land development track record
- Solid financial base
- Strong brand in the Tokai region
- Stable growth in condominium business
- Active expansion into environmental business
- Specialized real estate management services
- Credibility from TSE Standard listing
- Flexibility in business structure transformation
- Long-term commitment to regional contributions
Competitive Advantages
- Strong local base in Shizuoka Prefecture and regional collaboration power
- Business development leveraging multifaceted group companies
- Reliability and track record as an established company
- Composite business model of real estate development and construction materials
- Accumulated know-how in real estate securitization from early entry
- High planning capabilities from long-term condominium development experience
- Advanced initiatives in environmentally responsive building materials development
- Solid financial management despite mid-sized scale
- Stable demand through strong ties with local community
- Provision of specialized condominium management services
Threats
- Growth limitations due to focus on provincial cities
- Risk of construction materials price fluctuations
- Intensifying competition with major contractors and real estate firms
- Declining housing demand due to population decrease
- Increased business costs from stricter environmental regulations
- Risk of real estate market fluctuations due to economic changes
- Risk of delayed response to new environmental technologies
- Risk of legal changes to trust beneficiary rights system
- Emergence of local competitors
- Intensifying competition in construction materials industry
Innovations
2022: Establishment and listing of Tokai-do REIT Investment Corporation
- Overview
- Achieved fundraising and efficient operation of real estate assets through real estate investment trust.
- Impact
- Successfully expanded stable revenue base
2021: Introduction of new line for environmentally considerate building materials
- Overview
- Established new manufacturing line for building materials using recycled materials.
- Impact
- Contributed to reducing environmental impact and opening new markets
2020: Development of online real estate management system
- Overview
- Efficiently handles resident responses and management tasks online for condominium management.
- Impact
- Improved management efficiency and customer satisfaction
2023: Strengthening shift from concrete products to environmental business
- Overview
- Focusing on environmental recycling business from construction materials under 'de-concrete' initiative.
- Impact
- Diversified revenue structure and achieved sustainable management
2024: Launch of latest land development projects
- Overview
- Promoting large-scale land development and commercial facility attraction in Shizuoka Prefecture.
- Impact
- Created new growth engine for regional development
2023: Strengthening multi-location tenant attraction strategy
- Overview
- Attracting diverse tenants to commercial facilities to improve profitability.
- Impact
- Expanded stable rental income
2021: Business diversification through new subsidiary establishment
- Overview
- Launched new construction materials and environmental business via establishment of YCK Co., Ltd.
- Impact
- Successfully expanded business areas
2022: Launch of advanced real estate securitization services
- Overview
- Began providing asset management and consulting services for investors.
- Impact
- Strengthened and deepened customer base
Sustainability
- Active development of environmentally considerate building materials
- Promotion of construction waste recycling
- Urban development emphasizing coexistence with regions
- Energy-saving promotion and CO2 reduction
- Support for local environmental education activities
- Contribution to sustainable development goals
- Reduction of environmental impact at construction sites
- Employee environmental awareness activities
- Promotion of environmental certification acquisition
- Promotion of renewable energy utilization