Ichinen Holdings

Basic Information

Stock Code: 9619
Industry: Services
Category Detail: Leasing & Rental
Prefecture: Osaka Prefecture
Establishment Year: May 1963
Listing Year: August 1994
Official Website: https://www.ichinenhd.co.jp/
TSE Information: TSE Information
Yahoo! Finance: Yahoo! Finance
Other Companies: Hip, Wedge Holdings, CVS Bay Area, Sanko Techno, Yoshicon, Sanei, Fuji Housing, FJ Next Holdings, PCA, Asahi Information Service, Jecos

Overview

Ichinen Holdings is a diversified services company in the leasing and rental industry founded in 1963, headquartered in Osaka, primarily engaged in automobile leasing-maintenance and chemical businesses.

Current Situation

Ichinen Holdings recorded consolidated sales of approximately ¥155 billion and operating profit of approximately ¥10.3 billion for the fiscal year ending March 2025. The automobile leasing and maintenance business forms the core of the group, with high competitiveness backed by a robust network of maintenance shops. The group includes multiple subsidiaries in chemical and parking businesses, offering diversified services. In recent years, it has expanded its scale through active subsidiary integrations and acquisitions, strengthening its base with deals like Otorii and Nitto FC. To differentiate in the industry, it focuses on capital investments, IT system enhancements, and efficient service delivery systems. Environmentally, it emphasizes fuel sales, chemical product safety, and eco-friendly operations for sustainable management. Looking ahead, it aims to bolster its business foundation and expand locally rooted services toward 2030, driven by growing leasing-rental demand and advanced maintenance operations. Its finances are stable, with proactive shareholder returns via treasury stock cancellations. Differentiation from competitors and rapid market response will be key.

Trivia

Interesting Facts

Founded in 1930 as a coal sales business.
Pioneer in the industry for integrated automobile leasing and maintenance.
Extends maintenance shop network nationwide, centered in Kansai.
Unique composite operations including rare chemical business.
Deploys diverse services through numerous subsidiaries.
Major shareholders are industry-related firms like Daiichi Nenryo.
Early entrant into car sharing, playing a pioneering role.
Strengthens locally rooted operations in parking business.
TSE Prime listing provides stability appreciated by investors.
Employs aggressive M&A strategy for business expansion.
Focuses on sustainability evaluations and environmental load reduction.
Developed proprietary vehicle management system leveraging maintenance expertise.
Entered reuse and recycling business for end-of-lease vehicles.
Comprehensive education and training programs for young employees.
Continuously engages in community contribution activities.

Hidden Connections

Strong ties with Daiichi Nenryo stabilize fuel supply within the group.
Maintenance shop network enables collaboration with major automaker dealers.
Numerous unique contracts with local real estate owners in parking business.
Chemical business advances technical partnerships with domestic and international machinery makers.
Many trust bank shareholders maintain stable capital relations.
Know-how sharing from acquired group companies is a strength.
President Masafumi Kuroda is from the founding family with long-term management involvement.
Car sharing business growing gradually through inter-industry collaborations.

Future Outlook

Growth Drivers

Ongoing demand growth for corporate vehicle leasing
Expansion of energy-efficient and eco-friendly vehicles
Needs for advanced maintenance technologies
Increasing demand for eco-friendly chemical products
Urban demand growth in parking business
Continuous efficiency improvements via IT utilization
Strengthening of locally rooted services
New business areas via M&A
Car sharing expansion from regulatory easing
Enhanced customer experience through DX
Investments for sustainable operations
Business expansion domestically and internationally

Strategic Goals

Achieve consolidated sales of ¥200 billion
EV vehicle leasing ratio over 50%
30% reduction in CO2 emissions
Expand domestic market share in parking business
Maintain customer satisfaction over 90%
New business ventures in overseas markets
Improve ESG ratings through sustainability enhancements
Complete full introduction of AI and IT technologies
Implement diverse talent development programs
Improve profit margins through maximized group synergies

Business Segments

Automobile Leasing Business

Overview

Provides broad-scope vehicle leasing and management services to diverse corporate clients.

Competitiveness

Extensive maintenance shop network and leasing management expertise

Customers

Corporations
Small and medium enterprises
Public organizations
Government agencies
Transportation companies
Sales agents

Products

Corporate vehicle leasing
Business fleet management services
Fuel card services
Accident response support
End-of-lease vehicle management

Automobile Maintenance Business

Overview

Enhances vehicle uptime and safety through maintenance and repair services.

Competitiveness

Management system for consigned vehicles and high maintenance quality

Customers

Leasing contract companies
Construction companies
Dealerships
Repair shops
Maintenance shops

Products

Vehicle inspection agency services
Periodic inspection maintenance
Vehicle repairs
Damage insurance agency business

Chemical Business

Overview

Manufactures and sells functional chemical products for industrial needs.

Competitiveness

R&D capabilities and high product quality

Customers

Automotive-related companies
Industrial machinery manufacturers
Logistics companies
Construction firms

Products

Industrial lubricants
Cleaners
Special adhesives
Synthetic resin materials

Parking Business

Overview

Efficiently manages parking for commercial facilities and communities, improving customer satisfaction.

Competitiveness

Locally rooted operations and comprehensive management systems

Customers

Real estate owners
Commercial facilities
Local governments
Condominium management associations

Products

Parking lot management services
Hourly parking operations
Parking equipment sales

Machinery and Tools Sales Business

Overview

Stably supplies high-quality machinery tools to industries, supporting operational efficiency.

Competitiveness

Extensive product lineup and technical support

Customers

Manufacturing
Construction
Maintenance
Transportation

Products

Power tools
Hydraulic equipment
Industrial specialty tools

Synthetic Resin Products Business

Overview

Provides synthetic resin products to various industries, proposing high-function materials.

Competitiveness

Advanced manufacturing technology and customization capabilities

Customers

Automotive parts manufacturers
Electronics manufacturers
Building materials manufacturers

Products

Resin sheets
Plastic molded parts

Farm Business

Overview

Produces and sells high-quality agricultural products through sustainable farming.

Competitiveness

Region-specific agricultural technology and safety management

Customers

Food processors
Retailers
Restaurants

Products

Organic vegetables
Specialty fruits
Agricultural processed products

Logistics Services Business

Overview

Supports group product distribution with efficient logistics systems.

Competitiveness

Cost optimization through group collaboration

Customers

Group companies
Manufacturing
Trading companies

Products

Logistics management
Delivery services

Facility Management Business

Overview

Offers support services for efficient facility operations and management.

Competitiveness

Versatile facility対応 and service quality

Customers

Office building management companies
Commercial facilities
Public facilities

Products

Building maintenance
Equipment inspections

Access Control Systems Business

Overview

Provides access control equipment to enhance facility security.

Competitiveness

Advanced security technology and customization

Customers

Office buildings
Factories
Schools
Medical facilities

Products

Electronic entry/exit management systems
Surveillance cameras

Industrial Chemical Products Business

Overview

Develops and sells industrial chemical products using advanced chemical technology.

Competitiveness

Product development capabilities and thorough quality control

Customers

Manufacturing
Electronic parts manufacturers
Automotive industry

Products

Special adhesives
Industrial paints

Competitive Advantage

Strengths

Robust maintenance shop network
Diversified business operations
Stable financial base
Broad service range from numerous subsidiaries
Locally rooted sales structure
Long industry experience and expertise
Comprehensive customer support
Rapid business integration capabilities
Advanced chemical development technology
Diverse vehicle management systems
Strong relationships with corporate clients
Expertise in parking operations
Flexible leasing plan design
High maintenance quality focused on safety
Aggressive M&A strategy

Competitive Advantages

Rapid response system via maintenance shop network
Risk diversification through diversified portfolio
Vehicle management services leveraging extensive expertise
Broad resource utilization across the group
Continuous investment capacity from stable finances
Services tailored to regional characteristics
Product competitiveness from advanced chemical technology
Industry trust and brand recognition
Utilization of diverse sales channels
Flexible management responsive to customer needs
Proactive approach to new businesses and acquisitions
Revenue stability from solid customer base
Technology enhancement through talent development
Cost reductions via efficient group management
Proactive adoption of cutting-edge technologies

Threats

Delays in responding to electrification and new technologies in automotive industry
Pricing pressures from intensifying competition
Cost increase risks from fuel price fluctuations
Demand declines due to COVID-19 and similar impacts
Increased operational costs from stricter regulations
Deteriorating investment environment from economic uncertainty
Lagging adaptation to changing customer needs
Intensifying talent acquisition competition
Impacts from natural disasters on logistics and operations
Growing information security risks
Intensifying competition in overseas markets
Supply chain disruptions

Innovations

2023: Subsidiary acquisition of Nitto FC

Overview: Acquired Nitto FC to expand in industrial chemical products.
Impact: Contributes to strengthening chemical business product lineup and technology.

2023: Group integration of Otorii

Overview: Made Otorii a wholly-owned subsidiary and absorbed it to strengthen parking operations.
Impact: Improves sales and supply capabilities in parking business.

2021: Merger of Ichinen Jiko and Asama Seisakusho

Overview: Merged subsidiaries to streamline R&D and manufacturing for synthetic resin products.
Impact: Achieved faster product development and management efficiency.

2022: IT System Renewal Project

Overview: Modernized IT infrastructure for leasing and maintenance to improve efficiency.
Impact: Reduced processing time by 20% and improved customer satisfaction.

2020: AI Utilization in Vehicle Management Services

Overview: Introduced AI-based vehicle management system to enhance operational efficiency.
Impact: Cost reductions through optimized vehicle maintenance.

2024: Eco-Friendly Chemical Product Development

Overview: Launched new industrial lubricants aimed at reducing environmental impact.
Impact: Meets customer environmental needs and expands market share.

Sustainability

Group-wide CO2 emissions reduction plans
Development of eco-friendly fuels and chemical products
Promotion of energy-efficient, low-emission leasing vehicles
Environmental education and awareness activities for local communities
Enhanced safety and health management for employee well-being
Thorough waste reduction and recycling activities
Expansion of EV vehicle leasing services
Advancement of green procurement
Establishment of internal environmental management systems
Evaluation of environmental and social issues in supply chains