Hoosiers Corporation

What Hoosiers Corporation does

Hoosiers Holdings Co., Ltd. (株式会社フージャースホールディングス) is a publicly listed Japanese real estate developer and holding company on the Tokyo Stock Exchange Prime Market, founded in December 1994 and reorganized into a pure holding structure in 2013. The group operates four business segments: Real Estate Development (new-build condominiums, detached housing, and renovation projects), CCRC (Continuing Care Retirement Community / senior housing), Real Estate Investment, and Condominium Management & Related Services. It serves individual residential buyers across Japan through a nationwide network of eight owned branch offices (Sapporo, Sendai, Tokyo HQ, Nagoya, Kyoto, Osaka, Hiroshima, Fukuoka) and a portfolio of persona-targeted branded product lines: Duohills (urban condominiums), Duoveel (working-women compact condos), Duoscene (senior ownership housing), Duo Avenue (detached housing), Duo Flats (lifestyle rentals), Duo Sante (healthcare-integrated condominiums), Duorista (large-unit renovations), and Duo Maison (smart-home rentals).

Hoosiers differentiates through lifestyle-driven design and community programming rather than technology: proprietary interior features such as Fit Kitchen, Beauté Space, Arau Rack, First Mission Box®, and Private Pouch; the COCO COMMU resident community-building program with 'Go-kinjo Sunday' events and live-in community builders; and a track record of public-private partnerships and post-disaster redevelopment (Ishinomaki, Hakodate, Tsukuba). It has earned 5 consecutive years of Good Design Awards (through 2025), ranks in the top 10 nationwide for cumulative condominium supply as of 2021, and holds the registered 'Social Developer®' trademark positioning it around social-mission real estate.

The business model is primarily one-time property sales of newly developed units to individual Japanese homebuyers (residential condominiums, detached housing, senior ownership condos), supplemented by recurring condominium management fees and ancillary services (senior care, hospitality, real estate investment). Recent strategic activity includes the April 2026 merger of Hoosiers Care Design and Hoosiers Living Service into a consolidated Hoosiers Well-Being Partners subsidiary, and continued international presence via Hoosiers Asia Pacific Pte. Ltd. (Singapore) and Hoosiers, Inc. (USA).

Name

Hoosiers Corporation

Legal name

株式会社フージャースホールディングス

Website

https://hoosiers.co.jp

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Hoosiers Holdings is a publicly listed Japanese real estate developer (Tokyo Stock Exchange Prime Market) operating across four segments: new-build condominiums, CCRC senior housing, real estate investment, and property management, serving urban families, women, seniors, and lifestyle renters across Japan.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Property Managers (531311), Real Estate Property Managers (53131), Management of Companies and Enterprises (551)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Condominium Association Management (BPAJAHAA)

akta.pro secondary industries

Mixed-Use Community Association Management (BPAJAHAF), Resort/Second-Home Community Association Management (BPAJAHAI)

Keywords

• Residential real estate development
• Condominium sales
• Senior housing CCRC
• Property management services
• Urban redevelopment

Headquarters

HQ city

Marunouchi

HQ country

Japan

HQ region

Asia

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development (Property Sales): Revenue from the sale of newly developed residential properties including condominiums (Duo Hills, Duo Veel), senior housing (Duo Scene), detached housing (Duo Avenue), and mixed-use urban redevelopment projects. Properties are sold to individual buyers as ownership units.
2. CCRC (Senior Housing) Services: Revenue from senior-oriented condominiums offering ownership rights, with bundled support services including 24-hour staffing, communal dining (restaurants), hot spring baths, nursing care coordination, and visiting beauty/medical services for active seniors.
3. Real Estate Investment: Revenue from real estate investment activities, including investment advisory and asset management services.
4. Condominium Management Services: Property management fees from maintaining and operating residential complexes, including security, maintenance, and shared facility operations.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Hoosiers Corporation develops, sells, and manages residential real estate in Japan — primarily new-build condominiums (Duohills, Duovell, Duoscene), detached houses (Duo Avenue), rental residences (Duo Flats, Duo Mezon), renovated condominiums (Duorista), and a healthcare-integrated condominium (Duo Sante). The company also operates property management, senior CCRC services, rental housing, share-office space (Good Morning Building), and a tourist hotel (THE TOURIST HOTEL & Cafe AKIHABARA) under subsidiary Hoosiers Well-Being Partners. Across its properties it runs the proprietary COCO COMMU community-building program.

Product overview

Hoosiers Corporation operates a diversified real estate platform organized around four core business segments: real estate development ( Dupo Herz/Duohills brand), CCRC/senior living (Duoscene brand), real estate investment, and property-related services. The company's flagship product line is the Duohills condominium brand, which encompasses multiple sub-brands addressing distinct market segments — Duovell for working women, Duoscene for active seniors, Duo Avenue for detached housing, Duo Flats for rental housing, Duo Sante for healthcare-integrated living, and Duorista for large-scale renovation projects. Beyond residential development, Hoosiers offers the COCO COMMU community-building program across its properties, operates the THE TOURIST HOTEL & Cafe AKIHABARA and Good Morning Building share-office as lifestyle/hospitality ventures, and delivers property management, senior living operations, and nursing care through its subsidiary Hoosiers Wellbeing Partners. The company positions itself as a 'Social Developer®' addressing social challenges through urban redevelopment (including post-earthquake recovery projects in Ishinomaki and Hakodate), wellness housing, and community-centered urban revitalization.

Differentiator

Problem solved

Functional benefit

Brands

• ソーシャルデベロッパー® (Social Developer®): Brand identity positioning the company as a developer that addresses social issues through its business operations.
• DUO SERIES (デュオシリーズ)
• プラウド (Proud)
• DUO VELL (デュオヴェール)
• DUO SCENE / デュオセーヌ
• DUO AVENUE / デュオアベニュー
• COCO COMMU (ここコミ)
• PARK LIVING (パークリビング)
• Good Morning Building
• MID TOWER (ミッドタワー)

Products and services

• Duohills (デュオヒルズ) New-build condominium brand offering family-oriented and lifestyle-focused residential developments across Japan. Properties are planned around location-specific concepts and include shared amenities such as lounges, terraces, cycling facilities, and park integrations. Targeted at urban families and individuals purchasing for owner-occupancy.
• Duovell (デュオヴェール) Working-women-oriented compact new-build urban condominiums. Designed by female-majority project teams to address the lack of women-specific floor plans, emphasizing comfort, storage, and lifestyle enrichment for single professional women. Targeted at single professional women purchasing as a personal asset and primary residence.
• Duoscene (デュオセーヌ) Senior-targeted ownership-type new-build condominiums featuring 24-hour staffing, communal dining, hot spring baths, wellness programs, and on-site nursing care offices. Target customers are independent seniors aged 60+ seeking community and peace of mind; Hoosiers pioneered ownership-based senior housing in Japan.
• Duo Avenue (デュオアベニュー) New-build detached house brand offering planned housing lots for individual home construction. Focused on community and disaster preparedness with central park design, shared footpaths, and collectively managed emergency supply facilities. Targeted at families and individuals seeking detached housing in planned communities.
• Duo Flats (デュオフラッツ) New-build rental apartment brand targeting young professionals and couples. Features include wide entrance corridors, DIY walls, indoor bicycle storage, shared laundry, and subscription-based bicycle services. The Nishijin properties pioneered the 'apartment living with bicycles' concept.
• Duo Sante Asahikawa Kitasaido (デュオサンテ旭川北彩都) Healthcare condominium co-developed with Moriyama Hospital in Asahikawa, Hokkaido. A 90-unit ownership property integrated with a medical campus offering preventive healthcare — combining fitness gyms, nutritionist-curated restaurants, and resident physicians on-site. Targeted at active seniors prioritizing health and wellness infrastructure.
• Duorista (デュオリスタ) Large-scale renovation brand converting former corporate dormitories into updated condominiums while preserving original generous unit sizes. The Matsudo Tokiwadai project retained 87–91 sqm units — unusually large for the Tokyo metropolitan area — and offered three lifestyle plan options including 'Big Laundry' and 'Doma' configurations.
• Irodori-no-Mori (彩杜の杜) — rental housing renewal model Rental housing renewal model project in Adachi-ku, Tokyo — a 57-year-old complex renovated with outdoor BBQ areas, allotment gardens, shared DIY workshops, and a community-builder residency program. Residents may personalize interiors through DIY, including painting and custom furniture installation.
• Duo Mezon Ikebukuro (デュオメゾン池袋) New-build compact rental apartment brand in Ikebukuro, Tokyo, promoting a 'subscription lifestyle' through bundled furniture/appliance subscriptions, smart-home IoT integration (smart locks, unified remote control), and a community-sharing disaster preparedness approach with nearby residents.
• Good Morning Building (Shibuya share office) Share-office property in Shibuya, Tokyo — Hoosiers' first share-office venture, developed in partnership with Tsukuruba Inc. Twelve private office units designed for 4–5 person startup teams, with communal lounge and meeting spaces.
• THE TOURIST HOTEL & Cafe AKIHABARA Tourist-oriented hotel and café in Akihabara, Tokyo, targeting inbound travelers. Features affordable rates, a café open to the public, and curated guest experiences designed through direct field research with international tourists.
• Hoosiers Well-Being Partners (フージャースウェルビーイングパートナーズ) Subsidiary formed by the 2026 merger of Hoosiers Care Design and Hoosiers Living Service. Provides condo management, senior CCRC operations, nursing care insurance services, PPP/PFI project management, and accommodation operations — encompassing the COCO COMMU community program, concierge services, and the nosh meal delivery brand.

Quantifiable outcome

• The company has completed redevelopment projects in disaster-affected areas (Ishinomaki, Hakodate, Yamagata) and urban revitalization zones, contributing to regional economic recovery and population retention.
• +1 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• Bike is Life Co., Ltd. (株式会社Bike is Life)flagshipStrategic or Co-development Partner · 1 January 2019Bike is Life, founded by former professional cyclist Yamada Daigoru, partnered with Hoosiers to develop the 'Cycling Lifestyle Apartments' concept at Duo Flats Nishijin in Fukuoka. The partnership includes a bike shop and cafe (bil cafe Fukuoka) on the ground floor, a bicycle subscription service (original bike leasing), and a lounge for cycling community events. This is a flagship lifestyle-themed housing project that generates community engagement and media attention for Hoosiers.
• KuroN'ne (クーロンヌ)coreStrategic or Co-development Partner · 1 January 2019Popular local bakery operator KuroN'ne operates Café Boulangerie Takezono within the Duo Hills Tsukuba Century complex, creating a community hub connecting residents and local residents around food and the adjacent park. This bakery-cafe partnership was critical to the success of the park-integrated residential development and community-building strategy.
• Moriyama Hospital / Social Medical Corporation Genseikai (社会医科大学 元生会 森山病院)coreStrategic or Co-development Partner · 1 January 2018Hoosiers partnered with Moriyama Hospital (Asahikawa) to develop the旭川ウェルネスセンター (Asahikawa Wellness Center) concept, integrating residential healthcare facilities (Duo Sante Asahikawa Kita-Saito) with medical services, fitness, and nutrition programs under a single wellness platform. Moriyama Hospital provides preventive healthcare services, medical care coordination, and rehabilitation support, while Hoosiers develops and manages the residential component. The partnership enabled the creation of Japan's first healthcare condominium model combining ownership housing with managed wellness services.
• NA Urban Development Co., Ltd. (株式会社NAアーバンデベロップメント)coreStrategic or Co-development Partner · 1 January 2018NA Urban Development, led by Nunomura Ryuji, served as the representative developer for the Hakodate Ekimae Wakamatsu Area Urban Redevelopment Project. Hoosiers partnered as the residential developer for the 84-unit condominium portion (Hakomakusu THE TOWER / 函館MARKS THE TOWER), while NA managed the commercial and public components of the mixed-use redevelopment.
• Hajimari Shoten (はじまり商店街)flagshipStrategic or Co-development Partner · 1 January 2018Hajimari Shoten, a community-building company specializing in facilitating resident-led neighborhood development, deployed community builders (コミュニティビルダー) who moved into the Irodori-no-Mori rental housing complex to facilitate DIY culture, resident events, and neighbor connections. This pioneering live-in community facilitation model was integral to the project's lifestyle concept.
• Tsukuba City (つくば市)coreStrategic or Co-development Partner · 1 January 2016Tsukuba City partnered with Hoosiers to co-develop and co-manage the、竹園西広場公園 (Takezono Nishi-Hiroba Park) adjacent to Duo Hills Tsukuba Century — an unprecedented public-private partnership in which a private developer was permitted to redesign and co-manage a municipal park. The city supported the rezoning and agreement process, and Hoosiers invested in park redesign and ongoing maintenance.
• Mitsui Gardens (三井ホーム)minorChannel Partner/ Reseller/ Distributor · 1 January 2016Hoosiers collaborated with Mitsui Homes on selected housing projects, leveraging Mitsui's design and construction capabilities for certain branded developments, expanding the group's development capacity and market reach.
• Aoyama Book Center Co., Ltd. (青山ブックセンター株式会社)coreStrategic or Co-development Partner · 1 January 2015Aoyama Book Center curated approximately 1,000 books for the Book Station at Duo Hills Tsukuba Century, designed as a park-view reading space for residents. This partnership enhanced the lifestyle positioning of the development and contributed to the community-building concept.
• R Institute ((一社)芝生を育てる〜イクシバ!プロジェクト〜)coreStrategic or Co-development Partner · 1 January 2015The R Institute, which runs the Ikushima! grass cultivation community project in Tokyo's Chuo Ward, trained Hoosiers staff and local residents in grass maintenance, directly inspiring the creation of Tsukuba Ikushima! — a resident- and community-led park grass cultivation program at Duo Hills Tsukuba Century that continues to this day.
• Koga Seiko (古谷構造設計)coreImplementation/ SI/ Consulting Partner · 1 January 2012Koga Seiko served as the structural engineering partner for the seismic reinforcement and structural renovation of the Irodori-no-Mori (旧東綾瀬団地) rental housing renovation project, ensuring safety compliance while enabling the creative layout required for the DIY community housing concept.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Haseko Corporation: Haseko is one of Japan's largest condominium builders, with dominant market share in the Tokyo metropolitan area. While larger than Hoosiers, it is the most directly comparable peer given its core focus on for-sale condominium development and after-sales services.
• Anabuki Kosan Inc. Anabuki Kosan is a Japanese condominium developer with a similar mid-sized profile to Hoosiers, focused on Japanese residential development and senior housing. Comparable in scale, geographic scope (Japan-domestic), and product positioning around family condominiums and senior-oriented developments.
• Takara Leben Co., Ltd. Takara Leben is a Japanese residential and senior housing developer with a comparable focus on condominium and CCRC operations. Similar mid-cap scale, domestic-Japan geographic concentration, and a product portfolio spanning new condominiums, senior housing, and rental properties.

Broad incumbents

• Daiwa House Industry Co., Ltd. Daiwa House is Japan's largest homebuilder and a global real estate conglomerate. While the breadth of business is much wider than Hoosiers, it competes in the same Japanese residential and senior housing markets and shares the integrated development-to-management model.
• Sekisui House, Ltd. Sekisui House is one of Japan's largest homebuilders with a strong presence in detached housing and condominiums. While broader in scope than Hoosiers, it directly competes in the same Japanese residential development markets and shares a focus on community-oriented design.
• Tokyu Fudosan Holdings Corporation: Tokyu Fudosan is one of Japan's largest real estate developers, with a broad portfolio spanning residential, commercial, and urban redevelopment. Operates in overlapping residential development and mixed-use redevelopment segments.
• Nomura Real Estate Holdings, Inc. Nomura Real Estate is a major Japanese real estate developer with significant residential condominium market share (PROUD brand). Competes in the same premium condominium segment and shares the integrated development/property management model.
• Iida Group Holdings Co., Ltd. Iida Group Holdings is a major Japanese homebuilder with stronger market share across detached housing, condominiums, and senior housing. Larger and more diversified than Hoosiers but operates in directly overlapping product categories with the Duo series.

Emerging players

• Relo Group, Inc. Relo Group operates in resort/second-home rental management and senior housing with a service-heavy recurring revenue model. Comparable to Hoosiers' CCRC and recurring services segments, particularly in lifestyle-oriented residential offerings.
• Cosmos Initia Co., Ltd. Cosmos Initia is a Japanese residential developer focused on urban condominiums and renovation projects with a similar mid-cap profile to Hoosiers. Direct overlap in for-sale condominium and stock-renovation (Duo Rista equivalent) product lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 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 Hoosiers Corporation