TSUKUI HOLDINGS CORPORATION (E05393) Stock Price

Tsukui Holdings is a leading provider of comprehensive care services in Japan's aging society. The company operates more than 700 business locations nationwide and offers a wide range of care-related services centered on adult day services, including residential facilities, home care, staffing services, and leasing.

The company's primary customers are elderly individuals requiring care and their families. The majority of revenue comes from public care insurance payments based on Japan's long-term care insurance system. Adult day services form the core revenue pillar, with 521 locations nationwide providing comprehensive services including transportation, bathing, meals, and rehabilitation training. These services support seniors' independent living at home while reducing the care burden on families.

The company operates six business segments. Its residential business manages care facilities including "Tsukui Sunshine" premium care homes and service-oriented senior housing. Its home care business provides services such as home-visit care, bathing assistance, and care plan development. Through subsidiary Tsukui Staff, the company also operates care worker dispatch and placement services, and through Tsukui Capital, it provides welfare vehicle leasing. This integrated service structure supports the entire care industry ecosystem.

Tsukui Holdings has established a long-term strategy called "Tsukui Vision 2025" aimed at achieving sustainable growth through 2025. The company has set three strategic pillars: "solidifying an overwhelming No. 1 position in day service," "establishing community-based integrated care as envisioned by Tsukui," and "realizing employee happiness." The company targets revenue of 120 billion yen and an operating profit margin of 7-8% by March 2026. Currently, the company is strengthening the foundation of its growth strategy through structural reforms following its transition to a holding company structure in October 2020.

The company's priority investment areas are expanding operations in the Tokyo metropolitan area and regional cities where demand is expected to grow. Tsukui is advancing a diversified range of care services tailored to customer needs and aims to build a community-based integrated care system centered on day service. To address risks from changes in long-term care insurance regulations, the company is improving profitability through increased day service utilization rates and expanding services outside the insurance system. While leveraging measures to reduce initial investment burdens, the company maintains appropriate investment levels that enable sustainable growth and prioritizes building a sound financial foundation.

Human resource recruitment and development is one of the company's highest priorities. To address chronic shortages of care workers, Tsukui is actively increasing recruitment staff and accepting foreign technical trainees. The company is enhancing employee skills and retention through comprehensive e-learning training programs, qualification support, and an internal certification system that enables fair personnel evaluation. Additionally, through workplace improvements such as establishing dedicated employee consultation services, the company is strengthening its human resource base to support high-quality service delivery.

While current business performance remains uncertain due to COVID-19 impacts, the company has secured a 10 billion yen commitment line to ensure flexible funding capacity. Following the transition to a holding company structure, the company is developing its third medium-term management plan and is working to build new growth strategies aimed at maximizing shareholder value over the medium to long term.