What is Fukui Co-operative Society
(Fukui Kenmin Seikatsu Kyōdō-Kumiai)?

Fukui Co-operative Society started out in 1977 as a local retail cooperative society to supply goods purchased on a bulk-order basis all over Fukui Prefecture. Its aim is to improve people’s lives by meeting the collective needs of its members and consolidating their purchasing power.
In 1978, the year after its foundation, the cooperative society received the official sanction of Fukui Prefecture and started full-scale operations with the aim of meeting its members’ needs and expectations.
Fukui Co-operative Society is a cooperative organization used, managed and capitalized by its members so that they can collectively seek to maintain and improve their health and welfare.

Purpose

The Co-operative Society serves the needs of its members and the local community.

Aims and structure

The Co-operative Society harnesses the synergies between its cooperative activities and local community networks to assure the provision of food, welfare and mutual assistance. Its commitment is to work ceaselessly, with the cooperation of its members, staff and the local community, to assure a safe and secure Fukui so that all can enjoy a long and healthy life.

Mission statement

So that our members can feel that their food purchases and lifestyles are assured, our cherished principles are “Safety and Assurance” “Participation in Planning” “Service” and “Sound management”.

For first-time users

Fukui Co-operative Society seeks to protect the lives and health of its members and the local community, and to improve their welfare. We aim to serve our members through six businesses and services, as well as various other activities.

Home delivery service of coop goods

We deliver goods ordered from our catalogues (mainly food products) once a week to members’ homes or other designated places.

Hearts (retail outlets)

Hearts stores sell coop goods and local and farm-fresh products. The aim is to support people’s health, lifestyles and family gatherings.

Life assistance

For those who need assistance for daily shopping and cooking, we deliver food and ready-to-eat meals using our mobile stores and home delivery services, or we do the shopping for them.

Mutual aid

Mutual aid is there to help in case of injury, sickness and natural disasters. It takes the shape of a basic insurance plan for all family members with monthly payments starting from 1,000 yen.

“Hearts Kids” – help with child-care

We support parents by providing temporary child-care and nursing facilities at our Children’s Plazas (Kosodate Hiroba), which provide a safe space for families and children to be themselves and feel at home.

Nursing care for the elderly

We provide the elderly with nursing care services according to their individual healthcare and lifestyle needs, working in close cooperation with local communities.

“Mirei” – funeral services

Our “Mirei” funeral services assure a ceremony that will meet the highest standards.

Kirameki Support service

We help when you need it if you run into a problem in your daily life.

Message from the President

In 2019, we were able to deepen our cooperation with the local community: Kanazu Kirameki opened as the first location in Awara City, followed by the renovation of Hearts Tsuruga and the extension of the community home at Okabo Kirameki. We also concluded neighbourhood watch agreements with the Ikeda municipality and a cooperative agreement with Sabae City, as well as starting up a food delivery service cooperation with JA, among other initiatives. In addition, the long-awaited Social Welfare Corporation “Kirameki Fukushi-kai (Kirameki Welfare Society)” was established, adding a new page to the history of the Fukui Co-operative Society.
In our other activities, we promoted food bank and food distribution drive initiatives, and made further efforts to support local communities. We would like to sincerely thank our members for their support and cooperation.
The slogan of this year is “Create our future with gratitude and a challenging spirit.” We are working on opening a special elderly nursing home in Sabae City. Also, with the promotion of SDGs (Sustainable Development Goals) as a core aim, we will work towards a sustainable society in cooperation with various local organisations. Moreover, with background factors such as population decline, super-ageing, and digitalisation in mind, we will make special efforts to formulate our vision for 2030 and the next stage of medium-term planning. We will also do our utmost to contribute to effective long-term containment measures against the Covid-19 pandemic.
In the current year too, we will continue to work hard for the satisfaction of our members and for our local communities.

President Masato Takō

Financial Report

1. Profit and loss statement for April 1, 2019 ~ March 31, 2020
(¥ thousands)

	Results for Fiscal 2017	Business divisions
	Results for Fiscal 2017	Home delivery business	Store business	Mutual aid business	Welfare business
Total income	23,959,291	11,690,215	9,975,544	227,191	2,066,340
Sales income	21,509,483	11,543,347	9,966,135
Sales income surplus	5,675,273	3,099,624	2,575,649
Welfare business income	1,935,159				1,935,159
Welfare business cost	1,449,400				1,449,400
Welfare business surplus	485,759				485,759
Other business income	514,649	146,867	9,408	227,191	131,181
Total surplus	6,675,681	3,246,492	2,585,057	227,191	616,940
Business expenses	6,536,935
Personnel expenses	2,655,381
Non-personnel expenses	3,881,553
Business surplus	138,746
Non-business income	99,969
Non-operating expenses	6,303
Current surplus	232,412
Extraordinary gain	74,815
Extraordinary loss	180,621
Current surplus before tax	126,605
Corporation tax	101,258
Current surplus	25,347
Surplus at the beginning of current period	8,427
Reversal of reserve fund	108,925
Current unappropriated surplus	142,700

2. Financial status
[as of March 31, 2020 (¥ thousands)]

Assets
Items	Current unappropriated balance
I. Liquid assets
Cash and deposit	3,104,262
Supply accounts receivable	706,623
merchandise	278,277
Other liquid assets	957,351
Provision for bad debts	▲11,499
Total liquid assets	5,035,015
II. Fixed assets
Tangible fixed assets	9,896,150
Intangible fixed assets	448,283
Other fixed assets	1,598,270
Total fixed assets	11,942,705


total	16,977,720

Debt
Items	Balance at the end of the year
III. Liquid debt
Total liquid debt	3,728,481
IV. Fixed debt
Fixed debt	289,579
Total debt	4,018,060
V. Union members’ funds
Share capital	9,486,186
VI. Surplus
Legal reserve capital	2,623,200
Voluntary reserve	707,573
Unappropriated surplus for the current year	142,700
(current surplus of which)	(25,347)
Surplus	3,473,474
Total pure assets	12,959,660
total	16,977,720

Corporate Profile

Name	Fukui Kenmin Seikatsu Kyōdō Kumiai (Fukui Co-operative Society)
Head office	5-1603, Kaihotsu, Fukui City, Fukui 910-8557, Japan.
Number of union members	159,436 (household subscription rate: 55.1%)
Capital	¥9,486,186,000-
Net income	¥23,959,291,000-
Current surplus	¥232,412,000-
Full-time executive officers	President (Representative Director) TAKŌ, Masato - General Director Executive Director (Representative Director) MATSUMIYA, Mikio - Director of internal bureaus and retail stores Managing Director NAKAGAWA, Atsushi - Supervisor of management, welfare and organization Managing Director HIROTSUJI, Mitsuo - Supervisor of delivery service, mutual aid, and life-support businesses
Business premises	Four delivery service centers, 10 stores, 13 nursing homes for the elderly, nine childcare support centers, head office
Number of employees	1034 (277 full-time employees, 757 part-time employees)

As of March 31, 2020.

What is Fukui Co-operative Society (Fukui Kenmin Seikatsu Kyōdō-Kumiai)?