Trust Holdings

What Trust Holdings does

Trust Holdings Inc. (トラストホールディングス株式会社, TSE/FSE code 3286) is a Fukuoka-headquartered pure holding company managing a diversified portfolio of service subsidiaries across parking, real estate, leisure, and security. Originally founded as a parking business in 1993 and reorganized into its current holding-company form in July 2013, the group employs roughly 860 people as of mid-2025 and operates 10+ wholly-owned subsidiaries including Trust Park Co. (manned parking operations), Gran Ship Co. (Kanto-region parking), Trust Real Estate Development Co. (condominium and detached-home development in Kyushu and Yamaguchi), Trust Asset Partners Co. (Trust Partners fractional real estate investment products under the Real Estate Specified Joint Enterprise Act), RV Trust Co. (camping vehicle manufacturing, sales, and the Kantalu rental franchise), Waraku Co. (hot spring facilities in Fukuoka and Yamaguchi), and Trust Patrol Co. (security services).

The company generates revenue across three primary mechanics: recurring monthly and transient parking fees from attended and unmanned facilities, one-time sales of newly developed condominium buildings (three completed in FY2025), and transaction-based fees from small-lot real estate fractionalization products, of which units No. 34 through No. 37 collectively placed 1,086 units. Distribution relies primarily on direct field sales to landowners and real estate buyers, supplemented by physical showrooms for RV and hot spring services and a self-serve online platform for Trust Partners investments. Go-to-market is sales-led with no disclosed proprietary technology platform, although operational tooling includes Hatch Work's "Atte" online monthly parking contract system and EV charging station installations at Trust Park locations.

The group's stated strategy centers on leveraging its holding-company structure to cross-sell across subsidiaries, expand its parking and real estate footprint nationally (Kyushu base plus Kanto, Kansai, Chubu, and Akita operations), and extend into mobility-adjacent verticals such as EV charging, car camping (RV Park Smart), and tourism partnerships (ANA, Kamiamakusa City). Recognition includes the 5th Japan Service Award Excellence Prize (2024) for Trust Park and Cabinet Office selection as a National Sharing City model case. The company is listed on the Tokyo Stock Exchange Standard Market and Fukuoka Stock Exchange Main Market following a May 2025 segment upgrade.

Name

Trust Holdings

Legal name

トラストホールディングス株式会社 (Trust Holdings Inc.)

Website

https://trust-hd.co.jp

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Trust Holdings is a Fukuoka-based listed pure holding company managing subsidiaries across parking operations (Trust Park), condominium development, real estate fractionalization (Trust Partners), RV manufacturing, and hot spring facilities, serving landowners, home buyers, and retail investors across Japan.

Ownership category

akta.pro rank

Product category

Diversified Holding – Parking and Real Estate Services

NAICS

Trusts, Estates, and Agency Accounts (525920), Trust, Fiduciary, and Custody Activities (523991), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF)

akta.pro secondary industry

Family Office Trust & Fiduciary Services (FSAEAKAF)

Keywords

• Parking lot management
• Real estate development
• Real estate fractionalization
• Camping vehicle manufacturing
• Hot spring operations

Headquarters

HQ city

Fukuoka-shi

HQ country

Japan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Parking Operations: Parking lot management and operations for owned and contracted parking facilities. Includes manned (有人駐車場) and unmanned parking services, revenue from monthly and transient parking fees, and facility management services.
2. Real Estate Sales: Development and sale of new condominiums and single-family homes in Kyushu and Yamaguchi prefectures. Completed 3 new mansion buildings in FY2025.
3. Real Estate Fractionalization (小口化事業): Small-lot real estate investment products under the 'Trust Partners' brand, regulated under the Real Estate Specified Joint Enterprise Act (不動産特定共同事業法). Sold products No.34 through No.37, raising 1,086 units total.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Trust Holdings is a pure holding company headquartered in Hakata-ku, Fukuoka, Japan that, through its group subsidiaries, operates parking lot management, real estate development and condominium sales (Trust Mansion series), small-amount fractionalized real estate investment products (Trust Partners), RV and camping vehicle manufacturing and sales (RV Trust), hot spring facility operations (Waraku), security and building management services (Trust Patrol), and healthcare support services (Trust Medical Support). The group operates primarily in the Kyushu region with a diversified portfolio spanning parking, real estate, mobility, hospitality, security, and healthcare.

Product overview

Trust Holdings operates as a pure holding company managing a portfolio of service businesses primarily focused on real estate and mobility. The company's core operations include parking lot operations and management (Trust Park, Gran Ship), real estate development and sales (Trust Real Estate Development), real estate fractionalization investment products (Trust Asset Partners/Trust Partners), hot spring and leisure facilities (Waraku), recreational vehicle sales and services (RV Trust), car camping accommodations (RV Park Smart), healthcare support services, and security services. These subsidiaries operate independently while sharing the Trust Holdings brand, offering customers services spanning property management, investment products, hospitality, and mobility solutions.

Differentiator

Problem solved

Functional benefit

Brands

• トラストパーク: 有人駐車場の運営管理サービス
• トラストマンション
• 和楽
• RVトラスト
• トラストパートナーズ

Products and services

• Parking Lot Operations (Trust Park Business) Parking lot management services operated by Trust Park Co., Ltd., covering monthly contracted parking, time-based parking (coin/flat), and tourism/visitor parking. The service targets landowners needing parking operations outsourced and drivers needing parking capacity in urban and regional Kyushu markets.
• Real Estate Development and Condominium Sales (Trust Mansion Series) Condominium and real estate development, sales, rental, and brokerage operated by Trust Real Estate Development Co., Ltd. and Gran Ship Co., Ltd. Trust Mansion is the branded condominium product line. The service targets individual homebuyers and real estate investors in Kyushu and surrounding markets.
• Small-Amount Fractionalized Real Estate Investment (Trust Partners) Small-amount (small-lot) fractionalized real estate investment products operated by Trust Asset Partners Co., Ltd. Investors can participate in real estate ownership with smaller capital outlays. The offering targets retail investors seeking real estate exposure.
• RV Manufacturing, Sales and Maintenance (RV Trust) RV and camping vehicle manufacturing, sales, customization, maintenance, and rental operated by RV Trust Co., Ltd. The service targets individual RV owners and outdoor recreation customers in Japan.
• Car Camping Facility Operation (Car Camping Land / RV Park Smart) Operation of car camping sites and RV parks under the Car Camping Land and RV Park Smart brands, providing RV and car camping facilities for outdoor recreation customers.
• Hot Spring Facility Operations (Waraku) Hot spring bathhouse and accommodation operations run by Waraku Co., Ltd. The service targets individual consumers seeking onsen (hot spring) bathing, relaxation, and accommodation experiences in Kyushu.
• Security and Building Management Services (Trust Patrol) Security guard services and building management services operated by Trust Patrol Co., Ltd. The service targets commercial property owners, facility managers, and corporate clients requiring on-site security and building operations support.
• Healthcare Support Services (Trust Medical Support) Medical and healthcare support services provided by Trust Medical Support Co., Ltd., supporting healthcare facilities and patients.

Quantifiable outcome

• 100% return rate after maternity/paternity leave
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Kamiamakusa City, Kumamoto (熊本県苓北町)coreStrategic or Co-development Partner · 1 April 2024Partnership with Kamiamakusa City to establish Japan's first car camping泊 (car-park camping) site in Unzen-Amakusa National Park, supported by Cabinet Office as a national sharing city model case.
• Eagleクル (運転代行配車アプリ)minorGTM or Marketing Partner · 2 October 2023Partnership with drunk-driving prevention ride-sharing app 'Eagleクル' to promote safe driving alternatives at Trust Park parking facilities.
• ANA (全日本空輸)minorStrategic or Co-development Partner · 14 May 2019Partnership to promote Kyushu round-trip travel packages combining ANA domestic flights with RV/car camping experiences, 'ANA Share Tabi x Car泊' program.
• Mynavi Corporation (（株）メイビー）minorGTM or Marketing PartnerPrimary recruitment marketing platform partner. Trust Group promotes internship and career recruitment opportunities through Mynavi's campus recruitment platform and events.

Scale indicators13 records

Recent moves12 records

Expansion highlights6 records

Others

• Ken Corporation Ltd. Japanese real-estate investment and residential property intermediary with rental/leasing franchise network; thematic adjacency through retail-investor real-estate distribution channels overlapping Trust Partners fractionalization sales infrastructure.

Broad incumbents

• Daiwa House Industry Co., Ltd. Japan's largest homebuilder and diversified real-estate group with single-family housing and commercial development; broad incumbent comparable across Trust's real estate development arm and integrated real-estate-adjacent service businesses.
• Tokyu Fudosan Holdings Corporation: Major diversified Japanese real estate group covering development, leasing, and management; broad incumbent peer across Trust's condominium development, parking, and asset-management operations at much larger scale.
• Haseko Corporation: A major Japanese condominium developer with strong presence in metropolitan Kanto, but similar end-customer and product positioning to Trust Real Estate Development's Trust Mansion condominium business for family-oriented housing supply.
• Daito Trust Construction Co., Ltd. Japan's largest rental housing and residential construction company; comparable as a large-scale incumbent residential real-estate developer with adjacent land-utilization capabilities overlapping Trust's parking-and-real-estate model.

Direct peers

• Nippon Parking Development Co., Ltd. Japanese parking facility operator focused on hospital and commercial real estate partnerships; comparable regional footprint and contract-parking business model to Trust Park's enterprise/B2B landowner contracts.
• Resorttrust, Inc. Japan's leading membership-based resort hotel and hot spring operator, comparable to Waraku (Nakagawa Kiyotaki, Waraku no Yu) hot spring facility subsidiary under Trust Holdings' leisure segment.
• Park24 Co., Ltd. Japan's largest parking operator (member-based "Times" and hourly parking), and the dominant scale player in the same parking-management category where Trust Park competes; the most direct public-market comparable for Trust Holdings' core parking operations.
• Times24 Co., Ltd. One of Japan's largest hourly and monthly parking operators under the Times brand, with nationwide lot coverage; comparable to Trust Park and Gran Ship for parking services business model and real-estate-intensive lot economics.

Emerging players

• Rimple Inc. Japan-focused real-estate crowdfunding platform offering fractional property investment to retail investors; emerging player comparable to Trust Partners / Trust Asset Partners' Real Estate Specified Joint Enterprise Act products targeting similar retail-investor demographics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trust Holdings