Glome Holdings

Basic Information

Stock Code
8938
Industry
Real Estate
Category Detail
Real Estate & Housing
Prefecture
Tokyo
Establishment Year
July 1992
Listing Year
March 2005
Official Website
https://glome-holdings.com/
TSE Information
TSE Information
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Overview

Glome Holdings is a holding company established in 1992 and based in Minato-ku, Tokyo, with its main business being management consulting for medical institutions in the real estate industry.

Current Situation

Glome Holdings recorded net sales of approximately 8.3 billion yen in the fiscal year ended March 2020, but operating profit and net profit were in the red. It is withdrawing completely from the real estate business and focusing on management consulting services related to healthcare. In the past, it has conducted multiple capital alliances and subsidiary transfers, and after transitioning to a holding company structure, it is selecting and concentrating on businesses. There was a change in management due to an insider trading issue in 2018, but it is currently promoting strengthening of the corporate structure and thorough governance. Utilizing consolidated subsidiaries, it is expanding specialized services in healthcare and real estate, aiming to build a stable revenue base. In the future, its strategy is to grow services for the healthcare industry and develop high value-added businesses. In the real estate industry, it is responding to the expansion of the ongoing rental management market while curbing new investments.

Trivia

Interesting Facts

  • Originally the predecessor was Forza International Co., Ltd., established in 1987.
  • There was a major management change due to a large-scale insider trading issue in 2018.
  • Holding companies specialized in management consulting for medical institutions are rare.
  • Head office located in Ark Mori Building, Akasaka, Minato-ku, Tokyo.
  • Sequentially transferring subsidiaries of the main real estate business and undergoing business transformation.
  • Major shareholders include Hōsaido Co., Ltd. and individual shareholders with significant involvement.
  • Consolidated subsidiaries are only Glome Management and Glome Work Support.
  • Despite sales scale of about 8 billion yen, posting net losses continuously.
  • Business centered on urban real estate leasing.
  • Promoting asset cleanup through subsidiary sales.
  • Listed on Tokyo Stock Exchange Growth.
  • Management consulting in the medical field is an unusual development for the real estate industry.
  • Multiple past name changes.
  • The insider incident led to indictment in absentia by the Tokyo District Public Prosecutors Office.
  • Deploying the brand name 'Glome Medical' for medical services business.

Hidden Connections

  • Former Logicom shares were transferred under Da Vinci Holdings, contributing to group reorganization.
  • Has a history of listing on the Hercules market of the Osaka Securities Exchange (now JASDAQ).
  • Early introduction of AI technology in medical information analysis, playing a pioneering role in the industry.
  • Group subsidiaries based on the same floor in Ark Mori Building, Akasaka, Minato-ku.
  • Major shareholder Hōsaido invests in healthcare-related businesses, forming synergies.
  • Conducted important asset cleanup and subsidiary transfers before transitioning to holding company structure.
  • Business shift from real estate to medical management support is attracting attention as a good example of cross-industry entry.
  • Received forced investigation from the Securities and Exchange Surveillance Commission due to the insider trading incident.

Future Outlook

Growth Drivers

  • Expansion of needs for management efficiency in medical institutions.
  • Increased adoption of IT and digital solutions for the healthcare industry.
  • Stable growth in the real estate leasing market centered on Tokyo.
  • Strengthening of group synergies under the holding company structure.
  • Corporate credit recovery through legal compliance and governance strengthening.
  • Expansion of specialized services in medical management support.
  • Sophistication and differentiation of management consulting.
  • Selective real estate portfolio management and optimal operations.
  • New business development in the surrounding healthcare industry.
  • Service innovation through utilization of AI and other advanced technologies.
  • Sustainable development of regionally rooted healthcare-related businesses.
  • Improvement of information aggregation and analysis capabilities for the global healthcare market.

Strategic Goals

  • Achieve over 70% sales ratio in the medical field.
  • Complete advanced IT-ization of sublease real estate management.
  • Stably achieve annual sales of 10 billion yen.
  • Establish sustainable management structure and strengthen governance.
  • Deploy AI-driven management consulting services.
  • Build proprietary platform specialized in medical management.
  • Full implementation of environmental impact reduction measures to contribute to SDGs.
  • Deepen trust relationships with regional society.
  • Strengthen organizational capabilities through diverse human resource utilization.
  • Improve brand value within the industry.

Business Segments

Management Support for Medical Institutions

Overview
Consulting services to support management efficiency improvement and profitability enhancement for medical institutions.
Competitiveness
Extensive expertise specialized in the healthcare industry
Customers
  • Clinics
  • Hospitals
  • Medical clinics
  • Medical corporations
  • Medical staff
Products
  • Management consulting
  • Training for medical institutions
  • Profitability improvement plans
  • IT support services
  • Financial management support

Real Estate Rental Management Services

Overview
Mainly handles rental management of commercial real estate centered in western Tokyo.
Competitiveness
Regionally focused subleasing management expertise
Customers
  • Corporate tenants
  • Commercial facility operators
  • Asset management companies
  • Real estate investors
Products
  • Office leasing management
  • Commercial facility leasing
  • Subleasing
  • Asset management support

Management Information Analysis Services

Overview
Provides healthcare market and management analysis data to support business strategies.
Competitiveness
High-quality data provision specialized in healthcare
Customers
  • Healthcare-related companies
  • Policy organizations
  • Market research companies
Products
  • Market trend reports
  • Benchmark data
  • Data analysis tools

Competitive Advantage

Strengths

  • Specialization in medical management consulting
  • Regionally focused real estate rental management
  • Flexible management structure as a holding company
  • Wide range of business operations within the group
  • Solid asset management expertise
  • Efficient concentration of management resources
  • Experienced management team
  • Stable customer base (medical institutions)
  • Strengthened legal compliance and improved governance
  • Comprehensive risk management system
  • Strengthened collaboration with parent company
  • Business support through subsidiaries
  • Accumulated industry data
  • High customer satisfaction
  • Flexible business restructuring capabilities

Competitive Advantages

  • Healthcare industry specialized services superior to competitors
  • Strong real estate leasing base in western Tokyo
  • Group management integration as a holding company
  • Proven medical institution management consulting track record
  • Efficient operational capabilities in subleasing business
  • Funding capabilities backed by stable relationships with major shareholders
  • Governance strengthening after insider incident leading to trust recovery
  • Revenue diversification through multifaceted service provision
  • Uniqueness of information provision specialized in healthcare-related markets
  • Continuous customer follow-up by specialized staff
  • Accumulated sustainable rental management expertise
  • Compliance system well-versed in legal regulations
  • Synergy creation capabilities with group companies
  • Ability to quickly respond to changes in market needs
  • Good relationships with local financial institutions

Threats

  • Real estate market price fluctuation risks
  • Healthcare industry regulatory strengthening or system changes
  • Decline in healthcare needs due to population decrease
  • Service enhancements by competing companies
  • Business contraction due to economic downturn
  • Market instability due to geopolitical risks
  • Possibility of recurrence of legal troubles
  • Competitive decline due to delays in technological innovation
  • Deterioration of funding environment
  • Facility damage risks from natural disasters
  • Aging issues with real estate properties
  • Impact of COVID-19 on medical institution management

Innovations

2023: Strengthening Medical Management Support Services

Overview
Invested in developing digital tools for consulting services for medical institutions.
Impact
Service efficiency improvement and increased customer acquisition

2022: Renewal of Real Estate Rental Management System

Overview
Improved operational efficiency by cloudifying sublease contract management.
Impact
Business reduction and improved customer satisfaction

2021: Introduction of Group Management Integration Platform

Overview
Promoting overall group management efficiency as a holding company.
Impact
Achieved optimal allocation of management resources

2024: Launch of AI-Utilizing Medical Information Analysis Service

Overview
Introduced AI analysis technology into medical management consulting to enhance sophistication.
Impact
Improved proposal accuracy and new customer development

Sustainability

  • Reduction in paper usage to cut environmental impact
  • Stable support activities for regional healthcare
  • Promotion of transparent management through thorough compliance
  • Operation of energy-saving offices
  • Promotion of sustainable real estate management
  • Promotion of diverse human resource utilization
  • Active participation in regional communities
  • Long-term perspective in business operations
  • Disclosure of sustainability reports
  • Efforts toward acquiring Certified Health & Productivity Management Outstanding Organization
  • Strengthened information security
  • Thorough anti-corruption policies