Terminalcare Support Institute（7362 TSE Growth）
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Institution Supporting Terminal Care
Terminalcare Support Institute Group is comprised of Terminalcare Support Institute and its consolidated subsidiary, Kitayama Jutaku Hanbai. It operates elderly housing with supportive services under the Anges brand as its care business. Kitayama Jutaku Hanbai designs and constructs Anges buildings as its real estate business and it also owns 6 Anges properties. The Group provides residences and care services to the elderly hoping to be taken care of at their homes until their end, and owns, designs, constructs and operates elderly housing with supportive services in a comprehensive manner.
The care business accounts for 83.1% of net sales in the fiscal year ended December 2020 and the rest is from the real estate business.
The company conducts operation of elderly housing with supportive services, home-visit long-term care and home care support as its care business. Net sales of the care business is comprised of revenue related to elderly housing with supportive services, which includes rent and food expenses, and revenue from long-term care insurance due to home-visit long-term care and home care support. Revenue related to elderly housing with supportive services is basically fixed rate and revenue from long-term care insurance varies by the service usage amount and care level.
It owns 24 elderly housing with supportive services centering on Kyoto Prefecture (five housing) and Shiga Prefecture (seven housing).
Real Estate Business
Kitayama Jutaku Hanbai concludes construction contracts with the land owners, which will be the construction clients, and conducts from design to construction of Anges properties, elderly housing with supportive services. As the company is rich in expertise on the uniformed model of elderly housing with supportive services under the 29-room format, it can shorten the design period, suppress building costs and construct buildings appropriate for residences with long-term care.