FB Nursing Care Service
Basic Information
- Stock Code
- 9220
- Industry
- Service Industry
- Category Detail
- Lifestyle Services
- Prefecture
- Nagano Prefecture
- Establishment Year
- April 1987
- Listing Year
- April 2022
- Official Website
- https://fb-kaigo.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- AZ Partners, Care 21, Sentei Care Holding, ZOA, Uchiyama Holdings, Charm-Care Corporation, Internet Infinity, Japan Hospice Holdings, Ambis Holdings, Living Platform, Sakurai Seisakusho, Sanwells, Daiun
Overview
FB Nursing Care Service is a nursing care service company founded in 1987 with its head office in Nagano Prefecture, mainly operating group homes and paid nursing homes to provide community-integrated nursing care services in the Shinetsu and Kanto regions.
Current Situation
FB Nursing Care Service achieved consolidated sales of 9.6 billion yen and net profit of 440 million yen in the fiscal year ended March 2023, establishing a stable revenue base. Its core nursing care business provides a variety of services centered on group homes and paid nursing homes, responding to the aging needs of the region. It has expanded its operations particularly in the Shinetsu area including Nagano Prefecture and the Kanto region, and in 2022, it made Silver Assist in the Tokyo Tama area a subsidiary to accelerate its entry into southern Kanto. Going forward, it will focus on business expansion through M&A and improvement of service quality. It also handles rental and sales of welfare equipment and visiting nursing services, working to strengthen community comprehensive care. By making Smart Care Town a subsidiary, it is also promoting the development of coexistence models between nursing care and local residents. With capital of about 500 million yen and over 1,000 consolidated employees, it has established its position as a mid-sized nursing care company with stable growth prospects.
Trivia
Interesting Facts
- Originally founded in 1987 as an interior goods wholesaler.
- Started nursing care business in 2000 and achieved rapid growth.
- Listed on the Tokyo Stock Exchange Standard Market in 2022.
- Southern Kanto expansion is a strategic deployment using M&A.
- Family-run management with the Yanagisawa family as major shareholders.
- Practices community-based nursing care through group home operations.
- Latest evaluation system clarifies bonus treatment for overseas talent.
- Moving toward next-generation nursing care system through Smart Care Town subsidiary.
- Also expanding into welfare equipment rental and sales business for diversification.
- Group subsidiaries include Lulupa, Silver Assist, and Smart Care Town.
Hidden Connections
- Strong collaboration with local governments, also involved in community comprehensive support projects.
- Acquired network in Tokyo Tama area through Silver Assist acquisition.
- Closely collaborates with surrounding medical institutions to provide visiting nursing services.
- Wide trading relationships with local nursing care product retailers in welfare equipment business.
- President Yanagisawa actively participates in local welfare activities.
- Smile Pharmacy was established at one point but all shares transferred in 2022.
- Shareholders include local companies and trust banks.
Future Outlook
Growth Drivers
- Expansion of nursing care demand due to progressing aging society
- Aggressive business deployment in southern Kanto area
- Expansion of service network using M&A
- Nursing care efficiency improvement and service quality enhancement through IT
- One-stop provision of diverse nursing care services
- Increased in-home care demand and strengthened response
- Talent development and securing of workforce
- Strengthened collaboration with local governments for community comprehensive care development
- Expansion of welfare equipment business and introduction of new products
- Advancement of service evaluation and talent management systems
Strategic Goals
- Achieve sales of 15 billion yen
- Establish position as leader in nursing care services in Kanto and Shinetsu areas
- Improve care staff retention rate to over 90%
- Establish model cases for community comprehensive care
- Improve service efficiency by 30% through IT utilization
- Expand proportion of environmentally considerate welfare equipment products
- Develop and provide diverse non long-term care insurance services
- Actively nurture nursing care-related subsidiaries and strengthen synergies
- Strengthen sustainable organizational operations and community contributions
- Maintain customer satisfaction over 90%
Business Segments
Nursing Facility Operation Support
- Overview
- Provides operational know-how to local governments and medical institutions to support efficient management of nursing facilities.
- Competitiveness
- Comprehensive support capabilities based on experience in operating various nursing facilities
- Customers
-
- Local governments
- Medical institutions
- Nursing care providers
- Welfare facilities
- Products
-
- Nursing care-attached nursing home operations
- Group home management
- Day service operations
- Visiting nursing care and nursing management
Welfare Equipment Rental and Sales
- Overview
- Connects on-site needs with users through welfare equipment rental and sales business.
- Competitiveness
- Rapid response capabilities rooted in the local community
- Customers
-
- Nursing facilities
- Individual users
- Medical facilities
- Welfare equipment retailers
- Products
-
- Care beds
- Wheelchairs
- Walkers
- Bathing aids
Visiting Nursing Care and Nursing Service Provision
- Overview
- Provides community-based visiting nursing care and nursing services to support in-home living.
- Competitiveness
- Comprehensive support through collaboration between nursing care and medical care
- Customers
-
- Home care patients
- Medical partner institutions
- Long-term care insurance users
- Products
-
- General visiting nursing care
- Visiting nursing services
- In-home rehabilitation support
Non Long-term Care Insurance Services
- Overview
- Provides a variety of welfare services outside the scope of long-term care insurance to the community.
- Competitiveness
- Flexible service system tailored to user needs
- Customers
-
- Elderly people
- Families
- Local communities
- Products
-
- Life support services
- Day-care nursing
- Welfare consultations
Competitive Advantage
Strengths
- Community-based nursing care service deployment
- Expertise in operating various nursing care formats
- Strengthened growth base through entry into southern Kanto
- Abundant welfare equipment rental and sales business
- Stable financial position
- Business expansion through steady M&A
- Provision of high-quality visiting nursing care and nursing services
- Long-standing trust and track record in the local community
- Broad service network with diverse facility types
- Rapid customer response capabilities
Competitive Advantages
- Strong regional network in the Shinetsu area
- Strength in combined operation of nursing care-attached nursing homes and group homes
- Rapid market entry into southern Kanto area using M&A
- Integrated operation of multifaceted nursing care services and welfare equipment business
- Differentiation through specialized visiting nursing services
- Efficient management and funding capabilities on a consolidated basis
- Community comprehensive care support through collaboration with local governments
- High-quality care staff training system
- Flexibility to meet diverse elderly needs
- Talent management using the latest nursing care evaluation sheets
Threats
- Labor shortage issues accompanying aging society
- Revenue pressure risk from long-term care fee revisions
- Aggressive area expansion by competitors
- Increased operating costs due to stricter regulations
- Business impacts from natural disasters or infectious disease outbreaks
- Intensifying price competition in the nursing care service market
- Concerns over service quality decline due to labor shortages
- Competitive weakening due to delays in adopting new technologies
- Management risks from failed M&A
- Potential limitations on expansion due to regional characteristics
Innovations
2023: Smart Care Town made a subsidiary
- Overview
- Made Smart Care Town Co., Ltd., specialized in elderly independence support and community coexistence, a subsidiary.
- Impact
- Promotes development of community comprehensive care models
2022: Silver Assist Co., Ltd. made a wholly-owned subsidiary
- Overview
- Acquired a nursing care service company in the Tokyo Tama area to fully enter the southern Kanto market.
- Impact
- Contributes to sales growth and market share expansion
2023: Introduced care staff evaluation system
- Overview
- Utilizes evaluation sheets including overseas talent to clarify bonuses and improve staff motivation.
- Impact
- Contributes to improved staff retention rate
Sustainability
- Promoting community comprehensive care to support elderly living
- Focus on improving work environment for nursing care staff
- Efficient nursing care services through IT utilization
- Facility operations considering reduction of environmental impact
- Promotion of welfare equipment recycling