| Invested through / Financed by |
|
|---|---|
| Asset class | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| Sector | Other |
| Bloomberg ticker | 9616 JP |
| ISIN code | JP3253900009 |
| Industry group | Hotels, Restaurants & Leisure |
| Sustainable Development Goals (SDGs) |
Kyoritsu Maintenance is a Japanese company active in the hotels, restaurants & leisure industry. Founded in 1979, the company operates student dormitories (30% of sales), hotels (40%), Japanese onsen (hot spa) resorts (20%) and provides food services to schools, hospitals and nursing homes (10%). The company is particularly known for its regional fresh food offering at its hotels and resorts. In the hotels around 30% of customers are foreign tourists while the resorts are mainly visited by Japanese families.
Investment rationale
Kyoritsu Maintenance provides decent and affordable housing to 40,000 students and young professionals. Through the development and operations of onsen resort hotels the company is stimulating rural economies by providing employment and sourcing fresh food from local farmers. Onsens are Japanese hot springs where the hot water contains many minerals that can have various health benefits. In the food service business the company has public-private partnerships with local government, hospitals, schools and nursing homes to provide healthy and fresh lunches and dinners.