Juntendo

Basic Information

Stock Code
9835
Industry
Retail
Category Detail
Specialty Stores & Drugstores
Prefecture
Shimane Prefecture
Establishment Year
June 1948
Listing Year
March 1989
Official Website
https://www.juntendo.co.jp/
TSE Information
TSE Information
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Other Companies
Nafco, DCM Holdings, Joyful Honda, Watahan Holdings, Alenza Holdings, HKS, Sunday, Konan Corporation, Ota Hanakaki, Handsman, Komeri, Arclands, Hokuei

Overview

Juntendo is a regionally focused retail company founded in 1948, operating home centers primarily in the Chugoku and Kansai regions while advancing a transition from small stores to large ones.

Current Situation

Juntendo recorded net sales of 44.6 billion yen for the fiscal year ended February 2024, operating 127 stores mainly in parts of the Chugoku and Kinki regions. While stores were previously centered on small formats, the company has recently focused on developing large stores to strengthen its competitiveness. The former pharmacy and drugstore business was transferred in 2019, and the bookstore business will completely withdraw by 2025. Paid-in capital is approximately 4.2 billion yen, with 605 full-time employees, and President and Representative Director is Masashi Iizuka. Building on regional-focused management, it promotes enhanced convenience and enriched product lineups. Major trading partners include regional financial institutions and industry contacts, with competitors including major home centers such as DCM Holdings and Komeri. Toward 2025, it aims to reinforce large stores and efficient store operations, stabilizing its management base through business selection and concentration.

Trivia

Interesting Facts

  • Opened Japan's first home center in 1969.
  • Started from pharmacy operations and continues regional focus.
  • Rare regional company actively pursuing store enlargement.
  • Formerly operated auto sales business and car supplies franchise.
  • Uses original catchphrase 'Lifestyle, Vibrantly.'
  • Not nationally famous but deeply rooted in the region.
  • Employee stock ownership plan exists to promote staff involvement.
  • Supported by collaborations with multiple local financial institutions.
  • Completely withdrawing from bookstore business in 2025 to concentrate resources.
  • Contributes to region as sponsor of local TV programs.

Hidden Connections

  • No relation to Busclin (former Tsumura Juntendo) or Juntendo University.
  • Iris Ooyama is one of the major shareholders with strong industry ties.
  • Local financial institutions participate in capital, strongly linked to regional economy.
  • Has history of operating Yellow Hat franchise business.
  • Shares catchphrase with local supermarket Mishima-ya.
  • Originally a pharmacy business, shifted focus to home centers.
  • Pioneer in home center business in the San'in region.
  • Management top Masashi Iizuka is also the largest shareholder.

Future Outlook

Growth Drivers

  • Strengthening customer attraction through new large store openings.
  • Enriching product lineups leveraging regional characteristics.
  • Expansion and integration of EC and mail-order channels.
  • Investments in energy-saving and environmentally friendly stores.
  • Stabilizing funding through strengthened ties with regional financial institutions.
  • Detailed services tailored to regional needs.
  • Advancing efficient store operations and talent development.
  • Strengthening customer base via regionally focused marketing.

Strategic Goals

  • Achieve over 70% large store ratio in main areas.
  • Complete switch to environmentally friendly equipment in all stores.
  • Expand net sales to over 50 billion yen.
  • Increase EC transaction ratio to 20%.
  • Significantly improve local recognition through community contribution programs.

Business Segments

Residential Remodeling Contractors

Overview
Provides residential remodeling materials and tools to meet contractors' needs.
Competitiveness
Regional closeness and rapid delivery system
Customers
  • Remodeling companies
  • Construction companies
  • Carpentry shops
  • Design offices
  • Real estate management companies
Products
  • Power tools
  • Building materials
  • Home equipment parts
  • Paints and adhesives
  • Repair consumables

Wholesale to Retail Stores

Overview
Supports retail stores' inventory replenishment by bulk supplying diverse products.
Competitiveness
Wide product range and handling track record
Customers
  • Local retail stores
  • Specialty store chains
  • Drugstores
  • Home centers
Products
  • Daily sundries
  • Gardening supplies
  • Tools
  • Car supplies
  • Household goods

Business and Corporate Supplies

Overview
Handles various consumables and supplies to support corporate operational efficiency.
Competitiveness
Product proposal capabilities tailored to corporate needs
Customers
  • Cleaning companies
  • Restaurants
  • Medical institutions
  • Local governments
  • Manufacturing
Products
  • Cleaning supplies
  • Consumables
  • Disaster preparedness items
  • Tool sets
  • Daily goods

Pet Shops and Animal-Related Businesses

Overview
Provides specialized products to animal-related businesses for operational support.
Competitiveness
Wide range of pet-related products
Customers
  • Pet shops
  • Animal hospitals
  • Pet sitters
  • Breeders
Products
  • Pet food
  • Care supplies
  • Housing equipment
  • Cleaning and deodorizing supplies
  • Toys

Local Public Institutions and Municipalities

Overview
Supports operations of local public institutions and disaster stockpiling.
Competitiveness
Trusted relationships rooted in the region
Customers
  • Local governments
  • Public facility managers
  • Disaster preparedness bases
  • Educational institutions
Products
  • Disaster preparedness supplies
  • Facility management goods
  • Cleaning tools
  • Safety supplies
  • Supplies

Competitive Advantage

Strengths

  • Regionally focused store expansion
  • Long industry track record and trust
  • Operation of both small and large stores
  • 対応 to wide range from daily goods to specialty products
  • Stable transactions with local financial institutions
  • Utilization of diverse sales channels
  • Employee skills and customer service
  • Implementation of flexible management strategies
  • Recognition in the home center industry
  • Capital strength enabling equipment investments

Competitive Advantages

  • Strong foothold in Chugoku and Kansai regions providing competitive edge
  • Coexistence of small and large stores to serve diverse customer segments
  • Smooth funding through close ties with regional financial institutions
  • Broad product lineup covering all aspects of living
  • Over 10 years of home center operation know-how
  • High customer loyalty from region-rooted services
  • Adaptable to market changes via diversified sales channels
  • Faster and more flexible decision-making compared to competitors
  • Rich track record in BtoB services for contractors
  • Abundant set products enhancing customer convenience

Threats

  • Intensifying competition with major chains
  • Market shrinkage risk from population decline
  • Diversification and changes in consumer preferences
  • Price competition with new entrants
  • Decline in purchase intent due to economic fluctuations
  • Rising pressures from logistics and raw material costs
  • Risk of lagging in digital transformation
  • Risk of store damage from natural disasters
  • Increased operational costs from stricter regulations
  • Challenges in talent acquisition and development

Innovations

2022: Strengthening Large Store Expansion

Overview
Promoting shift from existing small stores to large store formats.
Impact
Contributes to sales growth and customer base expansion.

2023: Advancing IT in Store Operations

Overview
Expanded introduction of POS and inventory management systems for efficiency.
Impact
Achieved improved inventory accuracy and management efficiency.

2023: Strengthening EC Sales Channels

Overview
Expanded mail-order services in collaboration with own EC site.
Impact
Successfully acquired non-store visiting customers.

2024: Refreshing Regionally Focused Marketing

Overview
Optimized products and promotions based on customer needs analysis.
Impact
Improved customer satisfaction and repeat rate.

2025: Starting Environmentally Friendly Store Construction

Overview
Initiating store builds with energy-saving equipment and renewable energy use.
Impact
Reduces environmental impact and enhances brand image.

Sustainability

  • Introduction of energy-saving store equipment
  • Implementation of waste reduction programs
  • Regular participation in local cleanup activities
  • Promotion of handling local resource-utilizing products
  • Employee environmental education programs