Japan Eyewear Holdings

Basic Information

Stock Code
5889
Industry
Retail
Category Detail
Apparel & Fashion Retailers
Prefecture
Fukui Prefecture
Establishment Year
July 2019
Listing Year
November 2023
Official Website
https://www.japan-eyewear-holdings.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
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Overview

Japan Eyewear Holdings is a retailer specializing in eyeglasses and contact lenses, established in 2019, based in Fukui Prefecture, and achieving growth within the industry.

Current Situation

Japan Eyewear Holdings has its base in Fukui Prefecture and is focusing on the retail business of eyeglasses, contact lenses, and related products. After listing on the Tokyo Stock Exchange in November 2023, it has strengthened its recognition and capital base. By reinforcing group companies, it has internalized eyeglass processing operations, improving product quality and stabilizing supply systems. Through collaboration with related companies, it is promoting brand diversification and enhancing competitiveness in the retail industry. It is also expanding into the manufacturing of eyeglasses and contact lenses, as well as the medical and healthcare fields, aiming for diversified management. By establishing diverse sales channels, it is expanding customer touchpoints and sales networks inside and outside Fukui Prefecture. It is actively contributing to reducing environmental impact and promoting local industries, committing to sustainable management. In the future, it aims for further growth through strengthened digital marketing and introduction of new technologies.

Trivia

Interesting Facts

  • One of the companies inheriting Fukui Prefecture's eyeglass processing technology
  • Growth company that rapidly achieved TSE listing since establishment
  • Business model balancing regionally rooted manufacturing and sales
  • Acquired broad customer base through diverse brand deployment
  • Actively introducing digital technology in recent years
  • Creating new brands in collaboration with regional industries
  • Focusing on product development considerate of the environment
  • Innovative management by young executives highly evaluated
  • Transactions not only with eyeglass specialty stores but also medical institutions
  • Maintaining high quality through internalization of own processing business
  • Promoting online vision testing as a new business
  • Emphasis on collaboration with local community as a corporate stance
  • High customer satisfaction from proprietary fitting technology
  • Receiving attention from multiple funds after listing
  • Leader in promoting sustainability within the industry

Hidden Connections

  • Closely collaborates with local Fukui eyeglass workshops for product development
  • Conducting joint research with universities on new material development
  • Promoting collaboration projects with local government for regional industry promotion
  • Online vision testing service developed in collaboration with multiple IT companies
  • Promoting product recycling in partnership with environmental NPOs
  • Partnerships with welfare equipment manufacturers in medical and nursing care businesses
  • Launched new EC site specialized in online sales in 2023
  • Multiple brands considering overseas expansion

Future Outlook

Growth Drivers

  • Expansion of domestic and international eyeglass markets
  • Expansion of digital and online sales
  • Increasing demand for sustainable products
  • Business growth in medical and healthcare fields
  • Productivity improvement through introduction of advanced technologies
  • Enhanced competitiveness through strengthened collaboration with regional industries
  • Development of brands for younger demographics
  • Aggressive expansion into overseas markets
  • Diversification of sales channels accompanying EC market growth
  • Increasing demand for high-function sports eyeglasses

Strategic Goals

  • Achieve 20% domestic market share
  • Sustainable products account for over 50% of sales
  • Expand medical and healthcare sales ratio to 30%
  • Build revenue structure maintaining 10% annual growth
  • Achieve 25% overseas sales ratio
  • Company-wide digital technology utilization rate over 90%
  • 100% participation rate in community contribution activities
  • Complete recyclability for all products
  • Advanced employee education and training programs
  • Aggressively develop new markets through multi-brand deployment

Business Segments

Eyeglasses and Contact Lens Processing

Overview
Provides high-quality eyeglasses and contact lens processing services to retailers and medical institutions, meeting diverse customer needs.
Competitiveness
Regionally rooted processing technology and rapid delivery system
Customers
  • Retail chains
  • Eyeglass specialty stores
  • Medical institutions
  • Welfare facilities
  • Sports stores
  • Wholesalers
  • Mail-order businesses
  • Corporate customers
Products
  • Custom frame manufacturing
  • Lens grinding and processing
  • Special lens processing
  • Adjustment and fitting services
  • OEM manufacturing
  • Eyeglass parts supply

Medical and Healthcare Support

Overview
Provides vision testing equipment and assistive devices to medical institutions, contributing to improving patients' QOL.
Competitiveness
Proposal strength for medical equipment leveraging eyeglass expertise
Customers
  • Hospitals
  • Clinics
  • Nursing facilities
  • Rehabilitation centers
  • Medical equipment manufacturers
Products
  • Vision testing equipment
  • Assistive devices
  • Special lenses
  • Welfare equipment

Wholesale and Distribution Services

Overview
Supports broad distribution channels through wholesale operations of eyeglasses and related products.
Competitiveness
Stable supply capability for diverse products
Customers
  • Retail chains
  • Mail-order businesses
  • Regional distributors
  • Specialty stores
Products
  • Eyeglass frames
  • Contact lens disposables
  • Related accessories

Brand License Management

Overview
Enhances the value of high-quality products through planning and management of proprietary brands.
Competitiveness
Brand nurturing capabilities and quality management system
Customers
  • License partners
  • Sales partners
  • Brand development companies
Products
  • Brand planning
  • Marketing support
  • Quality control

R&D Support

Overview
Supports new technology development for eyeglasses and lenses, promoting technological innovation in the industry.
Competitiveness
Specialized technology and regional collaboration network
Customers
  • University research institutions
  • Technology development companies
  • Manufacturing partners
Products
  • New material development
  • Manufacturing process optimization
  • Technical consulting

Digital Service Provision

Overview
Deploys new eyeglass sales and service experiences using digital technology.
Competitiveness
Leadership in introducing cutting-edge IT technology
Customers
  • Online retailers
  • Marketing companies
  • Consumers
Products
  • Online vision testing
  • Digital fitting
  • EC site operation support

Education and Training Services

Overview
Provides education programs to improve technical and customer service skills for industry professionals.
Competitiveness
Instruction based on practical experience
Customers
  • Eyeglass store staff
  • Medical staff
  • Sales agencies
Products
  • Specialized technical training
  • Customer service training
  • Latest product seminars

Eyeglass Accessories Manufacturing and Sales

Overview
Meets customer needs with a variety of accessory products.
Competitiveness
Development of design-oriented products
Customers
  • Retail stores
  • Online shops
  • OEM companies
Products
  • Eyeglass cases
  • Cleaning supplies
  • Straps

Global Market Development

Overview
Conducts product rollout and support for expansion into overseas markets.
Competitiveness
Fusion of regional technology and international standards
Customers
  • Overseas retail companies
  • Exporters
  • International brands
Products
  • Export frames
  • Internationally certified lenses
  • Multilingual support

Logistics and Delivery Services

Overview
Provides logistics solutions supporting stable product supply.
Competitiveness
Rapid response rooted in the region
Customers
  • Own stores
  • Trading partner companies
  • EC operators
Products
  • Rapid delivery
  • Inventory management system
  • Order processing agency

OEM/ODM Services

Overview
Handles everything from planning to manufacturing according to customer requests.
Competitiveness
Flexible customization system
Customers
  • New entrants
  • Brand owners
  • Retailers
Products
  • Product planning
  • Manufacturing consignment
  • Quality control

IT System Development Support

Overview
Provides IT solutions aimed at business efficiency.
Competitiveness
System development based on industry knowledge
Customers
  • Internal systems
  • Trading partners
  • Retail partners
Products
  • Order management system
  • Customer database
  • Inventory linkage tools

Competitive Advantage

Strengths

  • Regionally rooted processing technology
  • Diverse product lineup
  • Robust distribution network
  • Active adoption of latest IT technology
  • Talent rich in industry knowledge
  • Brand nurturing capabilities
  • Rapid customer response
  • High awareness of sustainability
  • 対応 to broad customer segments
  • Expansion into medical field
  • Fundraising power from listing
  • Stable wholesale foundation
  • Continuous product quality improvement
  • Provision of education and training services
  • Promotion of global market expansion

Competitive Advantages

  • High-quality product provision based on regional eyeglass processing technology
  • Diversification of proprietary brands and speed of market launch
  • Strengthened customer touchpoints through expansion of domestic and international sales channels
  • Differentiation from competitors via business diversification into medical and healthcare
  • Improved customer satisfaction through rapid product processing and delivery systems
  • Deployment of new services and competitive superiority via digital technology utilization
  • Rapid response to customer needs through flexible OEM/ODM services
  • Formation of corporate brand emphasizing sustainability through development of eco-friendly products
  • Maintenance of high technical capabilities within the industry via education and training programs
  • Acceleration of growth investments possible through strengthened funding from listing
  • Achieves low-cost, high-speed delivery through logistics efficiency
  • Expands growth potential through aggressive global market development
  • Improved technological development capabilities through collaboration with partner companies
  • Rich product lineup corresponding to broad customer segments
  • Stable management through strong trust relationships with local community

Threats

  • Intensified competition from new entrants
  • Risk of fluctuating raw material prices
  • Cost increases due to strengthened domestic and international regulations
  • Impact of global supply chain disruptions
  • Market shrinkage risk from declining birthrate and aging population
  • Decline in competitiveness from delayed technological innovation
  • Increased import/export costs from exchange rate fluctuations
  • Delayed adaptation to rapid changes in digital technology
  • Increased product improvement costs from strengthened environmental regulations
  • Profit pressure from intensified price competition among competitors
  • Difficulty responding to sudden changes in consumer preferences
  • Impact of natural disasters on production and distribution

Innovations

2023: Bringing eyeglass processing business under group umbrella

Overview
Acquired an eyeglass processing company in Fukui Prefecture, strengthening quality and supply stability of own products.
Impact
Succeeded in improving processing efficiency and shortening delivery times

2024: Expansion of blue light cut lens development

Overview
Developed new blue light cut lenses effective for reducing eye fatigue and expanded the product lineup.
Impact
Strong sales centered on younger demographics

2022: Introduction of digital fitting technology

Overview
Introduced 3D scanning for customer fitting in stores, improving accuracy and customer satisfaction.
Impact
Achieved improved quality of customer experience

2023: Development of eco-friendly frames

Overview
Successfully developed eco frames using recycled materials, acquiring environmentally conscious customers.
Impact
Contributed to improved brand image

2021: Launch of online vision testing system service

Overview
Provided simple vision testing tools usable at home by consumers, promoting online sales.
Impact
Drove growth in EC sales

2024: Launch of multi-functional sports eyeglasses

Overview
Newly developed sports eyeglasses balancing durability and comfort, entering the sports market.
Impact
Successfully developed new customer segments

2023: Introduction of sustainable packaging materials

Overview
Initiatives to reduce environmental impact through recycled paper packaging and plastic reduction.
Impact
Obtained environmental certifications and improved corporate evaluation

2022: Development of antibacterial and deodorizing coating lenses

Overview
Introduced lens coating technology with antibacterial performance for infection control measures.
Impact
Increased demand from medical institutions

2024: Introduction of AI-based demand forecasting system

Overview
Strengthened sales data analysis with AI, succeeding in inventory management efficiency.
Impact
Contributed to reducing excess inventory and lost sales opportunities

2021: Creation of new brand through regional collaboration

Overview
Launched new brand leveraging local technology through collaboration with companies in Fukui Prefecture.
Impact
Contributed to regional revitalization and strengthening of regional brand power

Sustainability

  • Development of eco frames using recycled materials
  • Initiatives to reduce plastic packaging
  • Expansion of products with environmental certifications
  • Support for local economy through collaboration with regional industries
  • Introduction of energy-saving manufacturing processes
  • Implementation of employee environmental awareness training
  • Promotion of waste recycling rate improvement plans
  • Formulation of sustainable resource procurement policies
  • Deployment of low-environmental-impact store operations
  • Active participation in community contribution activities such as local cleanups
  • Enhancement of repair services to extend product lifespan
  • Strengthening of environmental management across the supply chain