Overview
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Cados Corporation

CADOS Corporation is a regional construction and real estate company based in Yamaguchi Prefecture, specializing in the design and construction of retail and commercial stores (including drugstores, restaurants, convenience stores, and other chain stores) primarily in Yamaguchi and Hiroshima Prefectures. The company's proprietary 'CADOS LAN System' matches landowners seeking to utilize their land with national and local tenant chains, enabling total project coordination from land-use planning and site introduction through design, construction, and post-completion property management. The company also operates a real estate business where it leases land from owners, constructs buildings at its own expense, and sub-leases the completed properties to tenants, bridging gaps between landowner and tenant needs.

Market Cap
¥3.13B
US$19.9M
EV
¥4.98B
US$31.7M
Stock¥3,105▼-0.48%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.6
x
LTM EV/EBIT
10.9
x
LTM PER
10.0
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-50.6%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jun 12, 26Q3 FY2026/07 earnings announced
MC → EV Bridge
3.13BUS$19.9MMarket Cap2.40BUS$15.3M+ Debt0.54BUS$3.46M− Cash0.00BUS$0.02M− Inv. Sec.4.98BUS$31.7MEV
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Performance & Balance
Revenue 5Y (¥B)
4.52US$28.8M'22/75.66US$36.1M'23/76.48US$41.3M'24/77.59US$48.4M'25/75.88US$37.5M'26/7
EBITDA 5Y (¥B)
0.76US$4.85M'23/70.88US$5.60M'24/71.20US$7.66M'25/70.75US$4.80M'26/7
Net Income 5Y (¥B)
0.31US$2.00M'22/70.37US$2.33M'23/70.41US$2.58M'24/70.66US$4.20M'25/70.31US$2.00M'26/7
Capital Structure
65%
35%
EquityD/E 0.53xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'22/71.17US$7.45M2.10US$13.4M'23/72.45US$15.6M1.84US$11.7M'24/71.01US$6.46M0.62US$3.98M'25/70.55US$3.48M2.40US$15.3M'26/7
Shareholders
Top 10 hold 55.5%
1
Nextlight Co., Ltd.
19.61%
2
Senju Co., Ltd.
16.13%
3
Shigeki SUGITA
6.93%
4
Daiwa Securities Co. Ltd.
3.24%
5
Cados Corporation Employee Stock Ownership Association
2.40%
6
Rakuten Securities, Inc. (Joint Account)
1.61%
7
Yoshihiko KANEKO
1.58%
8
Hirotake KUDO
1.48%
9
Chikako SUGITA
1.34%
10
Seiji NISHIDA
1.19%
Management
9 officers
Shigeki SUGITA
Representative Director, Chairman
Oct 1980 Joined Daiwa House Industry Co., Ltd. Nov 1998 Started individual construction business under the trade name "Kados Corporation" Feb 1999 Established Kados Corporation (now the Company); Representative Director, President May 2019 Established Nextlight Co., Ltd.; Representative Director (current) May 2019 Established Senju Co., Ltd.; Representative Director (current) Aug 2022 Representative Director, Chairman of the Company (current)
1955-12-13
Hirotake KUDO
Representative Director, President
Apr 1997 Joined Ichijo Construction Co., Ltd. Aug 2002 Joined the Company Aug 2016 Director, General Manager of Head Office Sales Department Aug 2020 Managing Director, General Manager of Business Division Aug 2022 Representative Director, President of the Company (current)
1970-08-10
Satoshi NASU
Director, General Manager of Management Planning Office
Apr 1994 Joined The Yamaguchi Bank, Ltd. Apr 2016 Transferred to Yamaguchi Financial Group, Inc.; seconded to The Yamaguchi Bank, Ltd. Feb 2020 Deputy General Manager, Administration Department of the Company Aug 2020 Director, General Manager of Administration Department of the Company Aug 2025 Director, General Manager of Management Planning Office of the Company (current)
1971-01-24
Masahito ENDO
Director, General Manager of Construction Department
Apr 1984 Joined Shimizu Corporation Sep 2020 Joined Yasuda Facility Works Co., Ltd. Apr 2021 Joined AKD Creative One Co., Ltd. Apr 2022 Deputy General Manager, Construction Department of the Company Aug 2022 Executive Officer, Deputy General Manager, Construction Department of the Company Aug 2023 Executive Officer, General Manager, Construction Department of the Company Oct 2025 Director, General Manager of Construction Department of the Company (current)
1960-07-24
Tetsuo TOKUDA
Director, General Manager of Construction Sales Department and Real Estate Sales Department
Oct 1993 Joined Citizens Co., Ltd. Dec 1995 Joined Ubehaus Nakakai Industry Co., Ltd. Oct 2004 Joined Hara Kosan Co., Ltd. Oct 2009 Joined Adore Estate Co., Ltd. Mar 2018 Director, Adore Estate Co., Ltd. Aug 2019 Joined the Company Aug 2023 Deputy General Manager, Construction Sales Department of the Company Sep 2023 Deputy General Manager, Real Estate Sales Department of the Company Oct 2025 Director, General Manager of Construction Sales Department and Real Estate Sales Department of the Company (current)
1974-08-01
Ryuichi YASUE
Outside Director, Audit and Supervisory Committee Member
Apr 1982 Joined Taisei Corporation Jun 2016 Seconded to Taisei Setsubi Co., Ltd. as Full-time Audit & Supervisory Board Member Oct 2016 Transferred to Taisei Setsubi Co., Ltd. Jun 2020 Advisor, Taisei Setsubi Co., Ltd. Jul 2020 Full-time Audit & Supervisory Board Member of the Company Oct 2025 Outside Director, Audit and Supervisory Committee Member of the Company (current)
1956-09-24
Toshiaki FUJIURA
Outside Director, Audit and Supervisory Committee Member
Oct 1999 Joined Deloitte Touche Tohmatsu (now Deloitte Touche Tohmatsu LLC) Sep 2015 Director, Vega Corporation Co., Ltd. Jun 2019 Established Regards (partnership), Managing Partner (current) Jun 2019 Opened Fujiura Certified Public Accountant Office, Representative (current) Oct 2021 Non-full-time Audit & Supervisory Board Member of the Company Apr 2022 Non-full-time Audit & Supervisory Board Member, WISH System Consulting Co., Ltd. (current) Oct 2025 Outside Director, Audit and Supervisory Committee Member of the Company (current) Apr 2026 Joined Goto Accounting Firm Tax Corporation (current)
1971-05-08
Yukako KINOSHITA
Outside Director, Audit and Supervisory Committee Member
Jan 2014 Joined Otemachi Law Office Apr 2017 Joined Kitakyushu City as fixed-term staff member Apr 2020 Rejoined Otemachi Law Office Oct 2023 Non-full-time Audit & Supervisory Board Member of the Company Nov 2024 Joined Abe Tetsushige Law Office (current) Oct 2025 Outside Director, Audit and Supervisory Committee Member of the Company (current)
1986-09-27
Junko KOGA
Outside Director, Audit and Supervisory Committee Member
Jan 2010 Joined Ohori Park Law Office (current) Nov 2021 Non-full-time Audit & Supervisory Board Member, LE System Co., Ltd. Oct 2023 Non-full-time Director of the Company Oct 2025 Outside Director, Audit and Supervisory Committee Member of the Company (current)
1982-06-17
Large Shareholding Reports
No filings
Disclosures
Executive Change
2026-09-11
Primary Source Filings
EDINET
2026-10-14
Annual Securities Report
Period: Aug 2025 – Jul 2026
TDnet
2026-09-11
Full-Year Earnings Flash
FY ending Jul 2026
TDnet
2026-09-11
Executive Change
TDnet
2026-06-12
Q3 Earnings Flash
FY ending Jul 2026
EDINET
2026-03-13
Semi-Annual Securities Report
Period: Aug 2025 – Jul 2026
TDnet
2025-12-12
Q1 Earnings Flash
FY ending Jul 2026
EDINET
2025-10-21
Annual Securities Report
Period: Aug 2024 – Jul 2025
TDnet
2025-06-12
Q3 Earnings Flash
FY ending Jul 2025
EDINET
2025-03-13
Semi-Annual Securities Report
Period: Aug 2024 – Jul 2025
TDnet
2024-12-12
Q1 Earnings Flash
FY ending Jul 2025
EDINETAmended
2024-11-22
Amended Annual Securities Report
Period: Aug 2023 – Jul 2024
EDINET
2024-10-28
Annual Securities Report
Period: Aug 2023 – Jul 2024
EDINETAmended
2024-07-09
Amended Securities Registration Statement
EDINETAmended
2024-07-01
Amended Securities Registration Statement
EDINET
2024-06-14
Securities Registration Statement
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