YAMASA COMPANY PLOFILE

56thManoeuvre to Survive
Sleepers
Meiji① The first generation was Sano Enichi(1882-1966). His mother,Nami(1854-1934), the 0th generation, founded Sano Timber Shop in Niimi and transported charcoal to Tamashima
by Takasebune boat along River Takahashi.

1916 (T 5)①Enichi returned to Niimi, first set up the timber shop Sano Shoten, then borrowed money from Nami to build his timber plant near to the proposed Niimi Station.
Sano Shoten soon became the sleeper supplier for many major railway companies including Kokutetsu, lumber stamp was.
Niimi Station of Hakubi Line opened. Exclusive side track was available for sleeper delivery, marling the Peak of the company's sleeper business.

8305

SFR

1950 (S25)

The second generation, Sano Ichiro(1920-1970), took over the timber business.

1957 (S32)

Okayama Sekiyu Hanbai was established. Gas station business commenced and the number of stations expanded to 12 thereafter.

1960 (S35)

With severe competition from synthetic building materials, the core timber business trended down. The company found its way to real estate investments.

1967 (S42)①Yamasa Company Limited founded.

1969 (S44)②Yamasa Sangyo was established The New Yamasa Building was constructed, with Niimi Bowling Center on the first floor ,1970 (S45)

Niimi Driving School and Takahashi Bowling Center opened.

7150
6299

5892
4781

4064

supermarket on ground level.

3327 3402 3402 3402
2422

1970 (S45)

The third generation, Sano Shinichi(1947~), succeeded and took up the President's post in 1973.

1972 (S47)

Okayama Juken was founded. The Takahashi Bowling Center was moved to Kisuki. The first pachinko hall ENDLESS, 167724

was opened in Mizushima.

1038

239

3530

781 802 802 802 835

1433

1591

1744

2544

3500

2848

3000

8566

7545

6690

2097

5422

2644

2500

2249

1910

2000
1500

1209
984

1000

1557 565500

361

Lease tax system was changed from Japanese Leveraged Lease to Japanese Operating Lease with call option,
Yamasa’s new production plant in Yorishima was completed.
Year of the Great East Japan Earthquake. From Fukushima, Shinichi adopted an abandoned hunting dog,

23

72

100

330

60

238

192

2011 (H23)

150

101
77

At Risk Rule was adopted.
2007 (H19)

519

621

604

563

92005 (H17)123

6

Niimi Central Gas Station opened. But altogether, only 4 stations were left. The driving school was disposed.

147

Total(B ¥)180

169

169

162

2023/3Vessel leasing started.

2004 (H16)9

New PULSAR, Yamasa’s super hit Pachislot, solely designed by Shinichi recorded sales of 210,000 machines.

2001 (H13)121993 (H 5)

6

The timber manufacturing plant, Setouchi Precut in Okayama City was completed.

2022/3

1991 (H 3)

9The Heisei Economic Bubble burst.

Solar Power
Generation

121990 (H 2)

6② Aircraft leasing business started.

9The New Entertainment Establishments Control Law was implemented.

1986 (S61)121985 (S60)

6Pachislot PULSAR was launched. Oil shock reached its peak. This was the only time when gas stations turned into profit.

2020/3

Sales of the first pachislot, JEMIMI started.

1980 (S55)

9① Development of pachislot machine commenced.

1979 (S54)121977 (S52)612Kisuki Bowling Center was closed and the building was turned into a sewing factory.

2019/301974 (S49)2021/31928 (S 3)

Total($ mil)

9096

50

107

19MW

Munsterlander, now his best companion, named ‘Qoo’0

2013 (H25)③ Solar energy business began.

2015 (H27)

Sano Shinichi took office as the Eighth President of Nichidenkyo (The Pachislot Machine Manufacturers’ Industry Association).

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

ForecastOkayama Sekiyu Hanbai and Okayama Juken were absorbed and merged,with Yamasa Sangyo as the Surviving Company.
2016 (H28)

KaeRuu Company Limited was formed.

2017 (H29)

Munster Company Limited was set up.

2018 (H30)④ Embarled on Single Family Rental(SFR)business.

2019 (R 1)

The Company holds 3402 SFRs in North America. 145 aircrafts for leasing. 20 vessels for leasing.

AircraftLeasing

5/24 Yamasa Next established
2020 (R 2)102021 (R 3)

3/11 Vista Hotel files for civil rehabilitation; Yamasa signs sponsorship agreement (5/25).

2022 (R 4)

Slot department transferred to Yamasa Next.

108

Yamasa Frontier Company Limited was set up.

11SFR reaches about 6000 homes.

2

DC 547 Mw Solar power plants started operation.

3

MFR (Garden Style) in Dallas, Houston and Nashville Purchased 4 buildings (1420 rooms).

9135

153
121

55

9215 aircraft2320

3/26 Bankruptcy of Silicon Valley Bank(SVB)

2023 (R 5)128ShipLeasing

DC 609 Mw Solar power plants in operation.
9143 SFRs and 8 MFR buildings (2752 rooms) owned.

5 ships13

918($ mil)

6869

5069

Mascot dog“ Ｑｏｏ”BS(Total assets）
Transition

2670■Yamasa Corporation

3000

1082

2 0

3 1

11 1

37 27

159

1981

1983

1985

1987

1989

61

250

121

1991

1146

975

545

518

550

1993

1995

1997

1999

424

186

1226

1148

2304

2095

1824
751

6000

5619

5214

4866

4905

3109

1671

■Yamasa Sangyo Corporation

5021

4742

1475

1122

2139

1713

3000
2048
1226

0

2001

2003

2005

2007

2009

2011

2013

2015

2017

2019

2021

2023

S55

S57

S59

S61

S63

H2H4

H6H8H10

H12H14H16H18

H20

H22

H24

H26

H28

H30

R2R4

USD/YEN 227

249

238

169

128

135

111

94

121

114

122

116

110

118

94

8980

119

112

110

106

135

ＦＹ■Yamasa Corporation■ Yamasa Sangyo Corporation

Established Feb/1967 (S42)

Established Mar/1967 (S44)

Capital$136,000

Capital$272,000

CEOShinichi Sano

CEOShinichi Sano

Business Aircraft and Vessel Leasing, Solar Power generation, Single Family Rental

Business Aircraft and Vessel Leasing, Solar Power generation

Main Banks Tomato, SMBC, MHBK, MUFG, CHGK, SGBK,Hiroshima, Shinsei, STBC, TSBK, Kochi, Momiji

Main Banks Tomato, CHGK, SHBK, MUFG, TSBK, SGBKAnnual Sales $731mil（FY

Annual Sales $250mil（FY 2023）

NoE2023）

Number of Employees : 36（2023/10）・KaeRuu ：99

NoE

Number of Employees：13(2023/8)

Head Oﬃce 362-1, Takao Niimi-shi, Okayama-ken 718-0003, Japan

Head Oﬃce 362-1, Takao, Niimi-shi, Okayama-ken 718-0003, Japan

Okayama 2-20-6, Fukutomi higashi, Minami-ku, Okayama-shi, Okayama-ken 702-8033, Japan

Okayama 2-20-6, Fukutomi higashi, Minami-ku, Okayama-shi, Okayama-ken 702-8033, JapanOﬃce

PHONE : +81-86-262-5131 FAX : +81-86-262-3292

Tokyo Oﬃce 2F Nikko Building, 2-15-12, Higashiueno, Taito-ku, Tokyo-to 110-0015, Japan

PHONE : +81-3-3837-2349 FAX : +81-3-3837-0340

https://www.yamasa.co.jp

info@kaerunet.co.jp

Oﬃce

PHONE : +81-86-262-5001 FAX : +81-86-262-5809