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インテリックス Research Memo(4):迅速な仕入れ体制と独自開発したリノベーションに関する施工ノウハウが強み

Intertex Research Memo (4): Strength lies in the rapid procurement system and proprietary development of renovation construction expertise.

Fisco Japan ·  Sep 19 14:04

Overview of Intertechs <8940> Business.

2. Company strengths

One of the strengths of the company in the renovation business field is the establishment of a system to promptly procure profitable properties that are expected to be profitable. Regarding the information on properties for sale (approximately 2,500 to 3,000 properties per month) received from real estate brokerage firms, the company's staff confirm the situation on site within 1 to 2 days and make the final determination on the procurement. It is said that for major real estate companies, it usually takes about a week to make procurement decisions. Therefore, when obtaining information on properties for sale at the same time, the company can procure excellent properties before other industry competitors. However, in the Tokyo metropolitan area, in recent years, companies entering the second-hand condominium market including major developers have increased, making it challenging to procure excellent properties at appropriate prices as before. The company has also started to strengthen its system for procuring directly from sellers.

Another strength is the establishment of unique construction know-how in individual unit renovations of condominiums. In the individual unit renovations of condominiums, consideration for neighboring units is necessary compared to detached houses, requiring quick construction, noise and vibration measures. To solve these challenges, the company has established renovation construction methods specialized for condominiums based on the experience of many renovations carried out in the past. Specifically, by systematizing infrastructure facilities and substructures such as adopting quiet construction that minimizes drilling holes in the skeleton and screw driving, and using header piping that collects water supply and hot water in one place to achieve standardized construction quality and efficiency, including post-maintenance work. In addition, since condominiums share essential living infrastructure such as electrical wiring, water supply, and gas pipes, it is necessary to pay sufficient attention to their handling during construction. The company has created construction manuals for condominium renovations and is working to improve the service quality of collaborating companies carrying out the construction. Furthermore, by subcontracting many renovation works from major real estate companies based on such construction techniques, the company can quickly grasp the market trends of second-hand condominiums and utilize them in its sales activities as one of its strengths.

(Written by FISCO guest analyst, Jo Sato)

The translation is provided by third-party software.


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