AS Partners Co Ltd (TSE:160A) operates as a Japan-based provider of senior care and real estate services, primarily focused on nursing care facilities and property development for the elderly. The company, founded in 2004 and headquartered at the 11th Floor, Ochanomizu Kyoun Building, 2-2 Kanda-Surugadai, Chiyoda-ku, Tokyo 101-0062, Japan, conducts its activities through two main segments: Senior Business and Real Estate Business. In the Senior Business segment, AS Partners manages paid nursing homes with care services, including assisted living facilities designed as "homes" rather than institutions; operates day services for daily living support, bathing, and transportation; provides short-term residential care and short stays; and deploys proprietary digital tools such as EGAO link for mobile-based record-keeping, calls, and monitoring; CareWiz Toruto for video sharing to track resident changes and improve communication; and WINWORKS One for shift management to enhance operational efficiency and staff productivity. The Real Estate Business segment encompasses the in-house development of nursing homes through its senior development activities; real estate revitalization solutions for aging properties such as apartment complexes; ownership and rental of income-generating properties including condominiums and offices; and residential lot sales.
AS Partners serves elderly individuals certified for nursing care or support needs, targeting regional markets across Japan with a focus on dominant expansion in the Tokyo metropolitan area, including Kanto and Kyushu regions. The company employs approximately 1,564 staff and reported record revenues of JPY 17.91 billion and net profit of JPY 950 million for the fiscal year ended March 2025, driven by six new facility openings.
Recent developments include the opening of Az Heim Adachi Rokucho nursing home with care in Adachi Ward, Tokyo, on December 1, 2025; plans for two additional nursing homes (one with integrated day services) by March 2026 and two day service facilities in the same period; acceleration of senior development projects to 2-3 per year starting fiscal 2026, with two deals already booked in April 2025; a strategic collaboration with Paramount Bed Co Ltd on Care DX support services offering productivity enhancements, IT integration, and operational consulting; recruitment of 180 new graduates in 2024 toward a 220-person goal amid digital transformation initiatives; a shift in dividend policy to introduce DOE metrics alongside a planned increase announced May 14, 2025; and an April 2024 IPO listing on the Tokyo Stock Exchange Standard market. These initiatives support ongoing revenue growth projections, facility utilization recovery post-COVID, and expansion into caregiving DX consulting and app sales.