ENVALITH
地盤ネットホールディングス株式会社 logo

Jibannet Holdings Co., Ltd.

6072・Standard Market・Services

Official website
地盤ネットホールディングス株式会社 logo
Jibannet Holdings Co., Ltd.6072

Business

Jibannet Holdings Co., Ltd. is centered on its Ground Engineering Business, which provides an integrated suite of residential ground analysis, survey, and compensation services primarily to construction companies (kouumuten), and develops its BIM Solution Business—leveraging BIM (Building Information Modeling) to support construction DX—as a second pillar. In the Ground Engineering Business, the company has built a unique model that handles everything from analyzing ground survey data and issuing ground quality certificates to compensating damages in the event of differential settlement incidents. In April 2025, the company made HouseWarranty Co., Ltd. a wholly owned subsidiary, expanding the group's combined market share to approximately 20%. In the BIM Solution Business, the company provides construction DX services such as CG perspective renderings, BIM modeling, and 3D point cloud data utilization, leveraging its Vietnam base as well. Founded in 2008, listed in 2012, and transitioned to the TSE Standard Market in January 2026.

Business Model

The company receives requests for ground analysis and surveying from construction firms and others, collecting analysis and survey fees by issuing ground quality certificates. To prepare for the risk of uneven settlement accidents, it has entered into a product liability insurance (PL insurance) contract with a major domestic non-life insurer, providing coverage for damages up to ¥50 million per accident and ¥1,000 million (¥1 billion) per year. In the BIM Solution Business, the company earns outsourcing fees from construction companies for BIM modeling, CG perspective rendering, and BCPO Service. The majority of net sales come from the Ground Engineering Business (¥2,924 million in FY2026 (ending March 2026), approximately 92% of the total), reflecting a volume-dependent revenue structure.

Company Strengths

In April 2025, the company made House Warranty Co., Ltd. a wholly owned subsidiary, expanding the group's combined market share in the residential ground analysis market to approximately 20%. The integration significantly increased the number of client customers, and Ground Engineering Business revenue surged to ¥2,924 million in FY2026 (ending March 2026), up 85.1% year on year. Systems standardization and business process redesign through PMI are also underway, and realization of scale benefits is anticipated.

The company has built a unique model that handles everything from analyzing ground survey data and issuing ground quality certificates to paying damages in the event of uneven settlement accidents. By positioning itself as conducting "ground surveys that are not aimed at securing orders for ground improvement construction," it has earned the trust of construction companies and others, and the analysis data and compensation track record accumulated since its founding in 2008 form a barrier to entry.

The company has entered into multiple product liability (PL) insurance contracts with major domestic non-life insurers such as Aioi Nissay Dowa Insurance and Mitsui Sumitomo Insurance, establishing a framework to hedge damage compensation risk with caps of ¥50 million per accident and ¥1.0 billion per year. In December 2025, it completed a switch to a new insurance contract, reversing ¥251,177 thousand in damage compensation provisions related to the previous contract as extraordinary income, thereby achieving a restructuring of its risk management framework.

ENVALITH's Perspective

Net income attributable to owners of parent for FY2026 (ending March 2026) increased substantially to ¥197 million (up 165.4% year on year), but the main driver was the recording of a reversal gain on provision for compensation for damages of ¥251 million (extraordinary income). Meanwhile, operating income deteriorated significantly to ¥35 million (down 67.6% year on year), and the operating margin fell from 5.8% to 1.1%. This was mainly due to the recording of ¥71 million in goodwill amortization expenses associated with the House Warranty integration and an increase in company-wide expenses, so caution is warranted when assessing underlying earning power.

Consolidated earnings guidance for FY2027 (ending March 2026) calls for net sales of ¥3,600 million (up 12.7% year on year), while an operating loss of ¥125 million and a net loss of ¥127 million are projected. The main factors cited are upfront investments such as the redevelopment of the information systems environment, recruitment and development of BIM personnel, and the establishment of a new business promotion structure, compounded by headwinds from the external environment, namely the continued decline in housing starts. Even before goodwill amortization, an operating loss of ¥53 million is projected, making the outlook for investment recovery and a concrete explanation of the timing of a return to profitability key issues for investment decisions.

Net sales of the BIM Solution Business for FY2026 (ending March 2026) were ¥269 million (down 9.1% year on year), while segment loss was ¥4 million (a significant improvement from a loss of ¥35 million in the previous period). Sales were pushed down by a decline in orders related to CG visualization due to the decrease in detached housing starts, and a business shift is underway toward focusing on BIM Modeling and 3D Point Cloud Data Utilization. Although there are tailwinds in the market environment, such as the expansion of demand for construction DX, achieving a turnaround to sales growth and profitability remains a key point to verify in realizing the medium-term plan.

Growth Strategy

Building a medium-term growth foundation through deepening PMI in the Ground Engineering Business, expanding into non-residential markets, and transforming the BIM business

Following the completion of the wholly-owned subsidiary conversion in April 2025, the company is advancing system standardization, business process redesign, and unification of residential ground analysis standards. A significant increase in the number of client accounts led to an 85.1% year-on-year increase in Ground Engineering Business sales. The company will continue to realize synergies and build an efficient operational structure.

The company is ramping up ground consulting services for the expanding energy infrastructure sector (grid-scale battery storage construction). Orders received have exceeded initial expectations, contributing to diversification of revenue sources away from dependence on the housing market and the formation of a stable earnings base.

The company is reviewing its cost structure, including scaling back CG visualization operations for detached housing, and concentrating management resources on BIM modeling operations and the 3D Point Cloud Data Utilization Service. Segment loss narrowed substantially from ¥35 million in the previous period to ¥4 million, although sales declined 9.1% amid the ongoing transition.

The company has designated FY2027 (ending March 2027) as the "Second Founding Period," during which it will make advance investments in redeveloping its information systems environment, recruiting and developing advanced BIM talent, and establishing a framework for promoting new businesses. As a result, the company plans to accept an operating loss of ¥125 million in FY2027 (ending March 2027) as part of building a foundation for enhancing corporate value over the medium to long term.

Last updated: July 19, 2026