Land

Basic Information

Stock Code
8918
Industry
Real Estate
Category Detail
Real Estate & Housing
Prefecture
Kanagawa Prefecture
Establishment Year
December 1996
Listing Year
December 2003
Official Website
http://www.land.jp/
TSE Information
TSE Information
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Overview

Land is a mid-sized real estate company founded in 1996 and based in Yokohama City, Kanagawa Prefecture, with a main focus on real estate planning, development, and condominium sales.

Current Situation

Land operates condominium development and sales business mainly in Yokohama City and the Tokyo-Tama area. In 2019, it recorded consolidated sales of approximately ¥2.2 billion and operating profit of approximately ¥700 million. After a period of deteriorating performance since 2009, it pursued reconstruction measures such as expansion into senior housing business and conversion of debt to equity, successfully achieving profitability since 2017. Despite challenges with the propriety of financial information due to a compulsory investigation by the Securities and Exchange Surveillance Commission, it is currently improving its financial structure. It has major subsidiaries including L.D. Planning A and TTS Energy, and has entered the housing with care services business. In the medium to long term, it aims to strengthen responses to the aging society while centering on stable, community-based real estate development. It is also promoting multi-channel expansion to broaden its customer base. Moving forward, it plans to focus on condominium sales while expanding its care and senior business and achieving sound finances.

Trivia

Interesting Facts

  • Company founded by Masaki Matsutani, former Daikyo employee
  • Shifted to senior housing business amid performance decline since 2009
  • Has experience of compulsory investigation by Securities and Exchange Surveillance Commission
  • Achieved reconstruction with profitability in 2017
  • Main condominium brand is 'Land City'
  • Business centered on Tama region and Yokohama City
  • Practices efficient management with lean organization
  • Major subsidiaries are L.D. Planning A and TTS Energy
  • Small to medium-sized enterprise scale with capital of approx. ¥50 million
  • Skillfully utilizes multiple sales channels
  • Specializes in community-based real estate development
  • Reconstruction history through debt forgiveness and equity conversion in real estate
  • Entry into senior housing with care services as growth key
  • Headquartered in the company building in Kita-Saiwai, Nishi Ward, Yokohama City
  • Aims for stable management despite small scale with consolidated sales of approx. ¥2.2 billion

Hidden Connections

  • Former Daikyo affiliates brought in real estate planning know-how and utilized it for management base
  • Strengthened cooperative relationships with local governments amid financial reconstruction to promote regional development
  • In care-equipped housing business, partnered with local medical institutions to diversify services
  • In light of past financial issues, collaborates with Jona Audit Corporation to improve accounting transparency
  • Synergies with subsidiaries for efficient care services and real estate management operations
  • Strategically strengthening collaborations in Tokyo Tama region and Yokohama, Kanagawa
  • Some business partners are local SMEs, contributing to regional economic activities
  • Shareholder composition at time of securities public offering contributed to funding stability

Future Outlook

Growth Drivers

  • Increasing demand for care-equipped housing due to aging
  • Revitalization of local real estate market in Yokohama and Tama regions
  • Customer trust from community-based business deployment
  • Differentiation through strengthened care service collaborations
  • Expanded investment capacity from improved financial base
  • Planning and implementation of new real estate developments
  • Sales and management efficiency via IT technology
  • Close collaboration with local government
  • Promotion of environmentally considerate housing planning and development
  • Expansion of diverse sales channel utilization
  • Strengthened synergies with subsidiaries
  • Flexible response to legal regulations and market fluctuations

Strategic Goals

  • Expand regional share to become No.1 planning and development company in Yokohama and Tama regions
  • Care-equipped housing business sales ratio over 20%
  • Maintain sound financial structure and ongoing profitability
  • Active development and sales of environmentally considerate housing
  • 30% improvement in operational efficiency through DX promotion
  • Strengthen collaboration with regional communities and fulfill social responsibilities
  • Increase customer touchpoints through expanded diverse sales channels
  • Improve employee work environment and promote diversity
  • Expansion of renovation business for aging properties
  • Establishment of sustainable land utilization model

Business Segments

Planning and Sales for Real Estate Developers

Overview
Provides planning and sales for collective housing and regional development projects to corporate customers.
Competitiveness
Extensive local network and planning track record
Customers
  • Real estate brokerage companies
  • Corporate investors
  • Local governments
  • Construction companies
  • Management companies
Products
  • Condominium planning and design
  • Land procurement and development
  • Sales support for detached houses

Care Facility Services

Overview
Provides care-equipped housing and in-home care services to corporate customers.
Competitiveness
Community-based care service network
Customers
  • Care facility operators
  • Medical corporations
  • Government agencies
  • Families of in-home care users
Products
  • Operation of housing with care
  • In-home care services
  • Senior housing management

Real Estate Management Business

Overview
Provides services for building management and asset operation.
Competitiveness
Flexible responsiveness despite small scale
Customers
  • Condominium owners' associations
  • Rental property owners
  • Building management companies
Products
  • Rental management
  • Facility maintenance
  • Asset management consulting

Land Utilization Consulting

Overview
Provides proposals for land utilization and operation plans to individuals and corporations.
Competitiveness
Planning capabilities leveraging regional characteristics
Customers
  • Individual landowners
  • Corporate owners
  • Real estate investors
Products
  • Land effective utilization proposals
  • Support for perpetual leasehold rights
  • Parking lot operation planning

Support for Renovation and Redevelopment Operators

Overview
Provides design and construction management support services to renovation businesses.
Competitiveness
Specialized technology and on-site experience
Customers
  • Construction contractors
  • Home renovation companies
  • Real estate owners
Products
  • Renovation design support
  • Construction management
  • Material procurement support

Competitive Advantage

Strengths

  • Community-based real estate planning and development capabilities
  • Diversified business expansion for revenue base
  • Expertise in senior care housing
  • Collaboration system with major subsidiaries
  • Reconstruction capabilities from experienced management
  • Flexible customer responsiveness
  • Ongoing financial improvement efforts
  • Local network in Yokohama and Tokyo Tama region
  • Long-term regional development track record
  • Stable asset base despite small scale
  • Cooperative relationships with government
  • Diverse sales channels
  • Business expansion in care services
  • Stability in shareholder composition
  • Growth potential in senior housing market

Competitive Advantages

  • Deep customer relationships built in limited region
  • Combined deployment of care housing and condominium sales
  • Strengthened financial base through debt restructuring
  • Securing customer touchpoints via diverse sales channels
  • Agile business deployment and responsiveness
  • Service expansion through collaboration with major subsidiaries
  • Customization capabilities responding to customer needs
  • Good cooperative relationships with local government
  • Credit recovery through profit recovery after financial reconstruction
  • New area development through focus on care business
  • Business structure capable of responding to aging society needs
  • Solid asset portfolio despite small scale
  • Strong planning capabilities in local development
  • Early entry stance into growth fields
  • Speed from flexible management decisions

Threats

  • Regional dependency risk in real estate market conditions
  • Decline in credibility due to past accounting issues
  • Intensifying competition in aging market
  • Potential rise in fundraising costs
  • Impact of population decline and local economic contraction
  • Stricter accounting audit standards
  • Fluctuations in property values due to natural disasters
  • Intensifying competition from new entrants
  • Impact on care system from policy changes
  • Revenue fluctuations due to real estate price changes
  • Price declines from supply excess
  • Increased borrowing costs from rising long-term interest rates

Innovations

2023: Strengthening of Senior Housing Brand with Care

Overview
Opened new facilities and expanded the brand to enhance operation and services of care-equipped housing.
Impact
Led to increased recognition and revenue expansion in the senior market

2022: Efficiency Improvement in Sales Processes via IT

Overview
Promoted efficiency in property sales and customer management through introduction of digital tools.
Impact
Contributed to 20% improvement in sales efficiency and strengthened customer responsiveness

2021: Initiation of Environmentally Considerate Condominium Development

Overview
Planned condominiums emphasizing energy-saving equipment and green spaces.
Impact
Succeeded in raising awareness and differentiation of environmentally responsive housing

2020: Strengthening of Care Service Collaborations

Overview
Expanded collaborations with care providers to diversify service content.
Impact
Achieved improved user satisfaction and stabilized business revenue

Sustainability

  • Contributing to local economic revitalization through community-based development
  • Promotion of environmentally considerate condominium development
  • Strengthening provision of secure senior housing
  • Promotion of collaborative projects with local residents
  • Promotion of energy-saving technology adoption
  • Promotion of social inclusion through care business
  • Ensuring appropriate asset management and financial transparency
  • Reducing waste through building longevity
  • Creating local employment and providing education support
  • Expansion of community formation support
  • Promotion of sustainable land use
  • Initiatives to improve employee diversity and work-life balance