Nichii Gakkan

Nichii Gakkan (株式会社 ニチイ学館, Kabushiki Kaisha Nichii Gakkan) is a medical services company in Japan. The company was founded in 1968[4] by Akihiko Terada[5] and is headquartered in Chiyoda Ward in Tokyo. Founder Akihiko Terada has been chairman and representative director since May 2010[6] and from October 1, 2014 he also became president of the company once again, replacing Masatoshi Saito, who had been president since April 2011.[7] Akihiko Terada passed away on September 28, 2019.[8]

Nichii Gakkan
TypePublic
TYO: 9792
IndustryMedical services
FoundedTokyo, Japan (1968)
Headquarters2-9 Kanda-Surugadai, Chiyoda Ward, Tokyo 101-8688, Japan
Key people
Akihiko Terada, deceased founder;[1] Koichi Terada, Director;[2] Kazuyoshi Yaji, Vice President, Representative Director[3]
Number of employees
20,393 (Employees) 74,701 (Sub-contract Employees)
Websitewww.nichiigakkan.co.jp/

History

Nichii Gakkan was founded in 1968 as a medical office administration services business. It was incorporated in 1973 and gradually expanded its range of businesses. In 1999 it was listed on the Tokyo stock exchange, and in 2007 the various brand names were standardized to Nichii.[9]

Stock price

In recent times Nichii Gakkan's stock price has fluctuated substantially. Its most recent high was 1124 yen on April 13, 2012. Since that date it has fallen to close at 877 yen on May 30, 2014.[10]

Dividends

Nichii Gakkan pays dividends to shareholders twice a year. In 2010 it was 6 yen per share,[11] in 2011 it was 7 yen,[12] In 2012 it was 8 yen.[13] In 2013 a dividend of 9 yen was paid,[14] and in 2014 10 yen was paid.[15]

Director and auditor bonuses

Nichii Gakkan pays a bonus to directors and auditors. In 2010 this totalled 34,000,000 yen,[16] in 2011 this was 35,100,000 yen,[17] in 2012 it was 36,500,000 yen.[18] In 2013 the amount rose to 39,700,000 yen.[19] In 2013 it totalled 39,700,000 yen, with 36,000,000 being divided among 12 directors and 2,700,000 being divided among three auditors.[20]

Company structure

As of March 2014 the Nichii Group consisted of Nichii Gakkan Company, 25 subsidiaries and two affiliates.[21]

Nichii Gakkan has four principal business areas:[22]

  • Medical - Medical office administration total services, research and analysis services, PFI.
    • Principal companies: Nichii Gakkan Company, NIhon Support Service Co., Ltd
  • Healthcare - At-home care services, facility care services, livelihood support services.
    • Principal companies: Nichii Gakkan Company, Nichii Carenet Co., Ltd, Nihon Support Service Co., Ltd, Nichii Care Palace Co., Ltd.
  • Education - Home helper training, medical office administration education, others.
    • Principal companies: Nichii Gakkan Company, Gaba Corporation, SELC Australia Pty Ltd.
  • Other - Information processing, storing and delivery of goods, publishing and sale of books, production and sale of flowers, plants and seedlings, leasing, etc.
    • Principal companies: Nihon Support Service Co., Ltd, Tokyo Marunouchi Publishing Co., Ltd, Nichii Green Farm Co., Ltd, Nihon Credit Lease Corp.[23][24]

Management principles

Nichii Gakkan has a "Target five stars" management strategy aiming to make the company the industry leader in:

  • Net sales
  • Earnings
  • Product Strength
  • Employee compensation
  • Corporate ethics[25]

Moves into China

Nichii Gakkan moved into China, with group wholesaler of long-term care products and welfare equipment Nichii Carenet Company establishing Riyi Fuli Qiju Maoyi (Shanghai) Co., Ltd., as a locally incorporated entity in February 2012.[26]

Moves into the language teaching market

On August 5, 2011 it was announced that Nichii Gakkan would add to its education business area by purchasing the eikaiwa Gaba Corporation, mostly delivering one-on-one lessons at with 36 locations across Japan, for $127 million[27] and making it a wholly owned subsidiary.[28][29] This takeover was effective as of September 29, 2011.[30] As of June 2015 Gaba Corporation has 41 locations across Japan.[31][32]

In April 2012 Nichii Gakkan founded Coco Juku, an English conversation school primarily focused on group lessons. As of June 2015 it has 80 locations across Japan.[33]

Nichii Gakkan has also made the Sydney English Language Centre (SELC Pty Ltd), a subsidiary, and plans to expand its operations into North America and Europe. SELC currently has branches in Australia, Canada, and the Philippines. [34]

See also

References
  1. Reuters Terada, Akihiko Retrieved March 8, 2015
  2. Reuters Terada, Koichi Retrieved March 8, 2015
  3. Reuters Yaji, Kazuyoshi Retrieved March 8, 2015
  4. Nichii Gakkan website History Retrieved June 11, 2014
  5. Reuters Nichii Gakkan - Akihiko Terada Retrieved June 11, 2014
  6. Reuters Nichii Gakkan - Akihito Terada Retrieved June 11, 2014
  7. Nichii Gakkan website Financial Results for the First Half of the Year Ending March 31, 2015 (J-GAAP) November 7, 2015 Retrieved March 8, 2015
  8. "Announcement Regarding the Death and Change of theChairman(Intelligence)" (PDF). NICHIIGAKKAN CO., LTD. 2019.
  9. Nichii Gakkan website History Retrieved June 11, 2014
  10. Bloomberg website 9792 Stock Chart Retrieved June 11, 2014
  11. Nichii Gakkan website Notice of Resolutions at the 38th Ordinary General Meeting of Shareholders June 10, 2010 Archived July 15, 2014, at the Wayback Machine Retrieved June 11, 2014
  12. Nichii Gakkan website Notice of Resolutions at the 39th Ordinary General Meeting of Shareholders June 28, 2011 Retrieved June 11, 2014
  13. Nichii Gakkan website Notice of Resolutions at the 41st Ordinary General Meeting of Shareholders June 27, 2012 Retrieved June 11, 2014
  14. Nichii Gakkan website Notice of Resolutions at the 41st Ordinary General Meeting of Shareholders June 26, 2013 Retrieved June 11, 2014
  15. Nichii Gakkan website Financial Results for the Year Ended March 31, 2014 (J-GAAP) May 14, 2014 Retrieved July 9, 2014
  16. Nichii Gakkan website Notice of Resolutions at the 38th Ordinary General Meeting of Shareholders June 10, 2010 Archived July 15, 2014, at the Wayback Machine Retrieved June 11, 2014
  17. Nichii Gakkan website Notice of Resolutions at the 39th Ordinary General Meeting of Shareholders June 28, 2011 Retrieved June 11, 2014
  18. Nichii Gakkan website Notice of Resolutions at the 40th Ordinary General Meeting of Shareholders June 27, 2012 Retrieved June 11, 2014
  19. Nichii Gakkan website Notice of Resolutions at the 41st Ordinary General Meeting of Shareholders June 26, 2013 Retrieved June 11, 2014
  20. Nichii Gakkan website Notice of Resolutions at the 41st Ordinary General Meeting of Shareholders June 26, 2013 Retrieved June 11, 2014
  21. Nichii Gakkan website Financial Results for the Year Ended March 31, 2014 (J-GAAP) May 14, 2014 Retrieved July 9, 2014
  22. Nichii Gakkan website Financial Results for the Year Ended March 31, 2012(J-GAAP) page 8 Retrieved June 11, 2014
  23. Nichii Gakkan website Investors Guide 2010 - Corporate information (page 21) Retrieved August 16th 2011
  24. Nichii Gakkan website Investors Guide 2011 - Corporate information (page 18) Retrieved June 18th 2012
  25. Nichii Gakkan website Financial Results for the Year Ended March 31, 2012(J-GAAP) page 10 Retrieved June 11, 2014
  26. Nichii Gakkan website Financial Results for the Year Ended March 31, 2012(J-GAAP) page 2 Retrieved June 11, 2014
  27. ELT News Gaba to be sold to Nichii Gakkan for $127 million Retrieved June 11, 2014
  28. Nikkei website Nichii Gakkan To Launch Tender Offer For Gaba Retrieved August 8th 2011 Archived August 7, 2011, at the Wayback Machine
  29. Daiwa website Press release August 5th 2011 Archived 2016-03-03 at the Wayback Machine Retrieved June 11, 2014
  30. Reuters website Nichii Gakkan Company Completes Takeover Bid for Shares of Gaba Corporation Retrieved October 13, 2011
  31. Gaba Corporation website Locations Retrieved December 30, 2014
  32. Gaba Corporation website ラーニングスタジオを探す Retrieved December 30, 2014 (in Japanese)
  33. Cocojuku homepage 教室のご案内 Retrieved June 17, 2014 (in Japanese)
  34. Nichii Gakkan website Financial Results for the Year Ended March 31, 2012(J-GAAP) Retrieved June 11, 2014
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