Anabuki Kosan

Basic Information

Stock Code
8928
Industry
Real Estate
Category Detail
Real Estate & Housing
Prefecture
Kagawa Prefecture
Establishment Year
May 1964
Listing Year
June 2004
Official Website
https://www.anabuki.ne.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Taski Holdings, Dia Life, Fu-Jers Holdings, Tobu Community, Migalo Holdings, Kenso, Cosmos Initia, Goldcrest, Eslead, Japan Escon, Mirarth Holdings, FJ Next Holdings, Hokuei

Overview

Anabuki Kosan is a comprehensive real estate company established in 1964, a major firm in the Chugoku-Shikoku region that develops business primarily based in western Japan, centered on high-quality for-sale condominiums under the 'Alpha' brand.

Current Situation

Anabuki Kosan recorded consolidated sales of approximately ¥104.7 billion for the fiscal year ended June 2021, progressing steadily with its core for-sale condominium business in the Chugoku-Shikoku region. The flagship 'Alpha' mansion series, based in Takamatsu City, has expanded to local cities nationwide and maintains strong brand power. In addition to housing construction, it operates diversified businesses including real estate brokerage, facility management, hotels, and nursing care services, establishing a stable revenue base. In recent years, it has focused on real estate development in the United States and Southeast Asia to pioneer new markets. In terms of sustainability, it is proactive in community contributions and promoting employment for people with disabilities, and in 2023, it acquired the naming rights for Kagawa Prefectural Arena. It seeks synergistic effects through collaboration among group companies to strengthen its region-rooted unique strategy. Looking ahead, it aims to expand in the renovation market and co-op housing and other living-related fields, targeting stable growth and revenue strengthening.

Trivia

Interesting Facts

  • First condominium sales in 1985: Alpha States Kita.
  • Operates Ryokan Kurashiki, renovated from an Edo-period sugar wholesaler building.
  • Independent from Anabuki Construction in capital and personnel.
  • Track record of supplying over 430 condominium buildings centered on prefectural capitals.
  • Acquired naming rights for Kagawa Prefectural Arena in 2023 to strengthen brand.
  • Opened shared workspace 'co-ba' in 2018.
  • Established special subsidiary for disability employment in 2008.
  • Forms group structure of 32 companies including non-consolidated subsidiaries.
  • Has group company operating supermarkets in Nagasaki Prefecture.
  • Started regional contribution activity 'Anabuki Kids Project' in 2014.
  • Secured independence through capital tripartition by founding Anabuki family.
  • Recognized as a real estate company specialized in for-sale condominium business.
  • Successfully built high-rise condominium cluster in Matsue Castle town.
  • Broadly covers regional lifestyle-related services through diversified businesses.
  • Contributes to preserving traditional culture through historic building utilization.

Hidden Connections

  • Anabuki Kosan is capital-independent from Anabuki Construction and exists as a separate corporate group.
  • Ryokan Kurashiki is operated by Anabuki Enterprise, renovated from a historic Edo-period building.
  • Anabuki Group and Anabuki Housing Service Group are separate corporate groups.
  • Has diluted ties with Hankyu Hanshin First Hotel Group and operates independently.
  • Naming rights acquisition for Kagawa Prefectural Arena is part of regional brand strengthening.
  • Collaborating with Tsukuruba to advance shared office business.
  • Enhances management efficiency through inter-group personnel transfers.
  • Focuses on social contributions by establishing subsidiary specialized in disability employment.

Future Outlook

Growth Drivers

  • Land demand in local cities and strengthened condominium sales
  • Growth in renovation housing market
  • New market development through area expansion centered on local cities
  • Sharing economy and startup support business
  • Expanding demand in nursing care and welfare services
  • Active overseas real estate business deployment
  • Promotion of digitalization and non-face-to-face sales
  • Rising needs for environmental and energy-saving responses
  • Brand improvement through strengthened regional society collaboration
  • Management efficiency improvement through maximizing group synergies
  • High-value-added property development and differentiation strategy
  • Revenue base diversification through new customer segment development

Strategic Goals

  • 10% increase in for-sale condominium sales volume centered on western Japan
  • Doubling sales in renovation business
  • Top regional level service deployment in nursing care and welfare fields
  • 20% share of total sales from overseas real estate business
  • 30% reduction in group-wide CO2 emissions
  • Further expansion and diversification of regional social contribution activities
  • Nationwide deployment of shared workspace business
  • Achieve improved customer experience through DX promotion
  • Achieve workplace diversity and employee engagement
  • High-value-added enhancement of asset management services

Business Segments

Real Estate Development & Sales

Overview
Plans, develops, and sells condominiums and detached homes.
Competitiveness
High customer satisfaction through property development tailored to regional characteristics
Customers
  • Individual buyers
  • Real estate investors
  • Local governments
  • Corporate customers
  • Asset management firms
Products
  • For-sale condominium planning
  • Detached home development
  • Co-op housing design
  • Renovation services
  • Asset management support

Real Estate Brokerage & Management

Overview
Provides real estate sales brokerage and management services.
Competitiveness
Trusted service network rooted in the local community
Customers
  • Corporate management companies
  • Condominium owners' associations
  • Individual owners
  • Real estate firms
Products
  • Used property sales brokerage
  • Condominium management services
  • Maintenance & repair support
  • Asset management consulting

Nursing Care & Welfare Services

Overview
Deploys nursing facility operations and in-home support services.
Competitiveness
Robust regional collaboration and service quality
Customers
  • Elderly individuals
  • Families
  • Medical institutions
  • Local governments
Products
  • Nursing home operations
  • In-home care services
  • Welfare equipment rental
  • Life support services

Hotel & Tourism Business

Overview
Meets lodging demand through region-rooted hotel and inn operations.
Competitiveness
High-quality services utilizing historic assets
Customers
  • Tourists
  • Travel agencies
  • Corporate event organizers
Products
  • Lodging services
  • Banquet & conference facility operations
  • Local tourism collaboration planning

Sharing Economy Business

Overview
Provides shared workspaces and lodging services.
Competitiveness
Enhanced collaboration and support for local startups
Customers
  • Startup companies
  • Freelancers
  • Minpaku users
Products
  • Coworking space provision
  • Minpaku facility operations
  • Shared office support

Staffing & Recruitment Services

Overview
Deploys staffing services across diverse fields.
Competitiveness
Fine-tuned talent matching rooted in the region
Customers
  • Office job client companies
  • Sales agency stores
  • Nursing facilities
Products
  • Office staffing
  • Sales staff dispatch
  • Nursing care recruitment
  • Talent development training

Electricity Supply & Leasing Business

Overview
Supports electricity cost reduction through supply and equipment leasing.
Competitiveness
Stable supply and support rooted in the region
Customers
  • Corporate customers
  • Public facilities
  • Condominium owners' associations
Products
  • Electricity sales
  • Equipment leasing
  • Energy-saving support services

Real Estate Asset Operation & Management

Overview
Provides asset operation and management services for investors.
Competitiveness
Asset management leveraging local networks
Customers
  • Affluent individuals
  • Investment corporations
  • Real estate funds
Products
  • Asset management consulting
  • Property management
  • Asset value enhancement plans

Construction & Contracting-Related Business

Overview
Performs construction and contracting for for-sale homes and condominiums.
Competitiveness
Superior construction capabilities in quality and cost management
Customers
  • Real estate developers
  • Local governments
  • Corporate customers
Products
  • Architectural design
  • Construction management
  • Renovation
  • Repair work

Insurance & Warranty Business

Overview
Deploys various home-related insurance and warranty services.
Competitiveness
Reliable warranty system and responsiveness
Customers
  • Home buyers
  • Real estate owners
  • Owners' associations
Products
  • Home defect insurance
  • Fire insurance
  • Owners' association insurance

Tourism & Retail

Overview
Operates supermarkets and other retail businesses mainly in Nagasaki.
Competitiveness
Store operations and sales power rooted in the region
Customers
  • Local residents
  • Tourists
Products
  • Supermarket operations
  • Dining services
  • Local specialty product sales

Special Subsidiary Business

Overview
Business focused on employing people with disabilities.
Competitiveness
Contributions to society and employment promotion
Customers
  • People with disabilities employment
  • Related companies
Products
  • Diverse employment support services
  • Office support operations

Competitive Advantage

Strengths

  • Strong regional attachment as a major Chugoku-Shikoku local player
  • Solid financial base and stable sales composition
  • Diversified business portfolio
  • High brand recognition of quality condominium brand
  • Synergistic effects from group synergies
  • Proactive stance on new market development
  • Sales power leveraging local networks
  • Social recognition from promoting disability employment
  • Management based on long history and trust
  • Active regional contribution efforts
  • Strong brand strategy and marketing
  • Abundant sales track record and customer base
  • New business development in sharing services, etc.
  • Market competitiveness from stable condominium supply
  • Expertise in nursing care and welfare services

Competitive Advantages

  • Regionally focused business model centered on western Japan
  • High customer support for for-sale condominiums 'Alpha brand'
  • Flexible business deployment through diversified and collaborative group structure
  • Value creation in renovations and co-op housing
  • Advanced entry into new markets like shared offices
  • Regional brand strengthening through unique naming rights acquisition
  • Social credibility from establishing special subsidiary for disability employment
  • Improved customer satisfaction through products reflecting local needs
  • Risk diversification through diverse investment markets
  • Management stability through parent company collaboration
  • Comprehensive service deployment linked with staffing and recruitment services
  • Utilization of regional historic assets in hotel and tourism business
  • Enhanced real estate management services and trust building
  • Revenue stability supported by region-rooted customer base
  • Innovation strengthening through active startup support

Threats

  • Susceptibility to land price fluctuations and economic conditions
  • Risk of declining housing demand due to aging population and low birthrate
  • Intensifying competition and price competition in real estate market
  • Cost increases from rising construction material prices and labor shortages
  • Ongoing uncertainty in demand due to COVID-19
  • Increased business compliance costs from stricter environmental regulations
  • Market dependency risk from region-limited sales
  • Financial impacts from changes in funding environment
  • Business disruptions from natural disasters and unforeseen events
  • Market share pressure from major competitors' entry
  • Risk of lagging behind technological transformations
  • Impacts on business operations from regulatory changes

Innovations

2023: Expansion into US Real Estate Development

Overview
Expanding real estate development and sales business in the US and Southeast Asia regions.
Impact
Contributes to diversifying revenue base through overseas market development.

2020: Absorption Merger of Anabuki Home Life Co., Ltd.

Overview
Integrated Home Life management to achieve service efficiency.
Impact
Promotes management efficiency and service quality improvement.

2021: Established Anabuki Partner to Promote Disability Employment

Overview
Strengthened employment for people with disabilities and workplace environment preparation.
Impact
Contributes to improving social evaluation and promoting diversity.

2024: Acquired Naming Rights for Kagawa Prefectural Arena

Overview
Acquired naming rights aiming for regional contributions and brand awareness expansion.
Impact
Strengthens regional collaboration and marketing effects.

2022: Expanded Operation of Shared Office 'co-ba'

Overview
Strengthened shared workspace business in Hiroshima and Takamatsu.
Impact
Contributes to acquiring new customers and supporting startups.

2021: Expanded Renovation Condominium Business

Overview
Increased renovations aimed at enhancing value of used condominiums.
Impact
Contributes to asset value enhancement and revenue diversification.

2023: Strengthened Region-Rooted Nursing Services

Overview
Deepened collaboration between nursing homes and in-home care services.
Impact
Improves elderly customer satisfaction and business expansion.

2022: Strengthened Digital Marketing

Overview
Implemented advanced online sales and PR strategies.
Impact
Achieves new customer acquisition and brand strengthening.

2020: Promoted Non-Face-to-Face Sales for COVID-19 Response

Overview
Introduced online consultations and VR viewings.
Impact
Promotes customer convenience and sales efficiency.

Sustainability

  • Promoting regional job creation and disability employment
  • Regional revitalization through collaboration with local industries
  • Promotion of environmentally considerate building materials
  • Regional social contribution activities 'Anabuki Kids Project'
  • Introduction of energy efficiency improvements and energy-saving equipment
  • Waste reduction and recycling promotion
  • Strengthened regional collaboration through public facility naming rights
  • Participation in sustainable tourism promotion initiatives
  • Enhancement of earthquake resistance and disaster prevention in housing
  • Support for regional health promotion activities