NICHIRYOKU CO., LTD.【JP:7578】Stock Price

Nichiryo is a comprehensive senior life support company that operates primarily in the cemetery and funeral service businesses. In the cemetery business, it provides outdoor burial grounds and columbaria, and partners with religious organizations to sell cemetery plots and construct gravestones. The company also operates a reinterment division to meet demand for relocating ancestral graves.

For outdoor burial grounds, Nichiryo purchases cemetery land in bulk from religious organizations and sells it to individual customers. Branch offices and cemetery management offices handle gravestone sales, while construction is outsourced. For columbaria, Nichiryo partners with religious organizations to provide automated retrieval columbaria called "Dounai Ryobyo," which allows visitors to retrieve cremated remains using a card for worship purposes.

The funeral service business began in 2000 and specializes in fresh flower altar funerals. Nichiryo develops service plans tailored to consumer needs and provides funeral and end-of-life support services to members. Under the "Lustel" brand, the company operates general and family funeral facilities, offering heartfelt funeral services. This enables consumers to conduct small yet meaningful funerals.

Nichiryoku aims to grow as a comprehensive senior life support company while prioritizing service improvements that meet consumer needs. The company seeks to maximize corporate value through regulatory compliance and operational efficiency, thereby earning stakeholder trust. To ensure sustained long-term profit returns, the company is building and maintaining systems that guarantee proper business practices.

Nichiryoku leverages its competitive advantages in the memorial market to enable diverse business operations, focusing growth on cemetery and funeral services. In the cemetery business, the company is expanding and renovating memorial parks to meet consumer demand, with emphasis on expanding sales of low-priced tree burial and columbarium services. In the funeral services business, the company is developing attractive service plans and moving away from low-price competition to increase order volume and revenue.

To respond to changing business conditions, Nichiryoku is strengthening marketing efforts and selecting efficient customer acquisition channels. Particularly in funeral services, the company is implementing initiatives to convert potential customers into orders through end-of-life planning seminars and events. On the financial front, the company is focusing on capital enhancement and cash flow security as fundamentals to strengthen and stabilize its management foundation.