UCHIYAMA HOLDINGS Co., Ltd.
6059・Standard Market・Services
Business
Uchiyama Holdings Co., Ltd. is a holding company established in 2006 that operates primarily five businesses through its operating subsidiary, Sawayaka Club Co., Ltd. Its core Nursing Care Business spans 195 facilities at 116 locations across 23 prefectures nationwide, offering Nursing Care Homes (Specified Facility Residential Care), paid elderly care homes, Group Homes / Short Stay, Day Services, and related services. The Karaoke Business operates 64 "Korokke Club" outlets, while the Food & Beverage Business runs 9 izakaya (Japanese-style pubs), mainly centered in Kyushu. The Real Estate Business handles rental and sales brokerage in addition to the acquisition of income-producing real estate. The Other segment has built a talent supply pipeline through Specified Skilled Worker Registration Support / Referral Service and a Vocational Training School (Japanese Language Education) in Indonesia, which also supports staffing needs in the Nursing Care Business. Primary customers are elderly individuals certified as requiring long-term care or support, with public compensation under the long-term care insurance system forming the foundation of revenue.
Business Model
In the Nursing Care Business, which accounts for approximately 83% of net sales, nursing care reimbursements based on the Long-Term Care Insurance Act are received from the National Health Insurance Federations of each prefecture. By generally waiving entrance fees, the company lowers barriers to move-in, aiming to improve occupancy rates and profitability. For facility openings, the company prioritizes sale-and-leaseback arrangements (utilizing SPCs) to expand while limiting its own capital burden. The Karaoke Business and Food & Beverage Business generate revenue from in-store services, the Real Estate Business earns revenue from leasing and brokerage of sales, and Other generates revenue from foreign worker referral fees, complementing the Nursing Care Business.
Company Strengths
As of the end of FY2026 (ending March 2026), the company operates 195 facilities across 116 locations nationwide. Centered on 72 Nursing Care Homes (Specified Facility Residential Care) facilities, it has established a system combining Group Homes / Short Stay, Day Services, and other offerings to address diverse regional care needs. With 94 facilities in Fukuoka Prefecture alone, the company has achieved both a deepened base in Kyushu and nationwide expansion.
Except for some facilities, the company adopts a fee structure that does not require an entrance fee (deposit), promoting occupancy by a broad range of elderly residents regardless of income level. The average occupancy rate for existing facilities in FY2026 (ending March 2026) remained high at 93.9% (versus 93.1% in the previous period), directly contributing to stable operating revenue. This differentiation strategy also functions effectively in competition with other companies' facilities.
The company has expanded its number of facilities while reducing the burden of substantial capital investment by utilizing a method of selling self-developed nursing care facilities to SPCs funded by domestic and overseas investment funds and others, then leasing them back. As of the end of FY2026 (ending March 2026), more than 40 facilities are operated under long-term lease agreements (primarily 20 to 30 years) with SPCs or trust companies, forming a stable business foundation.
ENVALITH's Perspective
Performance Trend
Revenue increased for the fourth consecutive fiscal period, from ¥24,958 million in FY2022 (ending March 2022) to ¥29,578 million in FY2026 (ending March 2026). In FY2026 (ending March 2026), revenue rose 1.6% year on year to ¥29,578 million. Operating profit recovered from losses in FY2022 (ending March 2022) and FY2023 (ending March 2023), and the improvement was clear in FY2026 (ending March 2026) at ¥551 million (up 164.6% year on year). However, net income fell sharply to ¥296 million from ¥2,051 million in the previous fiscal period. This was due to a one-time factor in the previous fiscal period—the recognition of deferred tax assets (income taxes-deferred of -¥1,651 million)—and underlying earnings power is on an improving trend. As external factors, revisions to nursing care fee schedules, price increases, and rising interest rates could affect future earnings. Operating cash flow improved substantially to ¥685 million from ¥254 million in the previous fiscal period, confirming a recovery in cash-generating capacity.
Growth Strategy
Accelerating nationwide expansion of the Nursing Care Business while improving productivity through DX and utilization of foreign talent, in parallel with improving the profit structure of non-nursing care businesses
Promoting expansion of operating regions and number of locations centered on the Nursing Care Business. As of the end of FY2026 (ending March 2026), the company operated 195 facilities across 116 locations, with the average occupancy rate at existing facilities improving to 93.9%. While closing one residential-type paid nursing home and one home-visit care office, the company maintains its policy of continuing to open new locations.
Through the next-generation nursing care research lab "INOVEL BASE," the company supports the introduction of ICT and welfare equipment, and conducts research and demonstration of advanced care methods. By utilizing technologies such as nursing care robots, the company aims to reduce staff burden and improve quality for both users and staff. This initiative is positioned as a response to the structural labor shortage anticipated in light of the 2040 problem.
Newly established and began operating four types of in-house certification qualifications: Excretion Care Specialist, Dementia Care Leader, Care Creator, and Rank 2 Up. By supporting the acquisition of specialized knowledge and practical skills, the company aims to improve service quality, contributing to a safe and secure environment for users and maintaining occupancy rates.
As a registered support organization, the company is expanding its referral and support services for specified skilled foreign workers to external parties. By bringing support operations for the group in-house, cost reductions have been achieved. Sales in the Other segment grew 43.3% year on year to ¥102 million, with segment profit of ¥74 million (up 38.5% year on year), growing at high profitability.
The Karaoke Business closed 3 stores (64 stores at fiscal year-end) and the Food & Beverage Business closed 1 store (9 stores at fiscal year-end), promoting fixed cost reductions. The Karaoke Business segment loss significantly narrowed from ¥311 million in the previous fiscal year to ¥18 million. The Food & Beverage Business remained in the red with a loss of ¥4 million, and further structural improvement remains a challenge.
In the Other segment, the company newly launched the Cram School Business, working to create an environment that supports children's growth. This is a small-scale new business in the development stage, expected to generate synergies with the foreign talent referral and support business.
Last updated: July 19, 2026