Overview
Real Estate

Landix Inc.

Landix operates an integrated real estate platform 'sumuzu (Smooth)' primarily serving affluent customers in Tokyo's Jōnan six wards (Setagaya, Meguro, Ota, Shinagawa, Shibuya, and Minato), offering land sales, brokerage, and a proprietary matching service connecting custom home buyers with architects and contractors. The company also develops and sells income-generating residential properties targeted at high-net-worth individuals, leveraging strong repeat and referral networks built since inception. A rental segment provides stable recurring revenue through ownership and operation of income-producing properties.

Market Cap
¥12.2B
US$77.5M
EV
¥18.6B
US$119M
Stock¥2,132▲+4.87%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.4
x
LTM EV/EBIT
5.5
x
LTM PER
5.9
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-29.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
12.2BUS$77.5MMarket Cap12.9BUS$82.3M+ Debt6.47BUS$41.2M− Cash0.00BUS$0.00M− Inv. Sec.18.6BUS$119MEV
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Performance & Balance
Revenue 5Y (¥B)
11.1US$71.0M'22/315.0US$95.8M'23/317.0US$109M'24/320.3US$129M'25/323.5US$150M'26/3
EBITDA 5Y (¥B)
1.51US$9.64M'22/31.73US$11.0M'23/31.33US$8.46M'24/32.31US$14.7M'25/33.05US$19.4M'26/3
Net Income 5Y (¥B)
0.94US$5.98M'22/31.05US$6.70M'23/30.79US$5.04M'24/31.40US$8.95M'25/31.85US$11.8M'26/3
Capital Structure
45%
55%
EquityD/E 1.22xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
4.51US$28.7M6.05US$38.6M'22/35.10US$32.5M6.25US$39.8M'23/35.18US$33.0M7.48US$47.7M'24/36.16US$39.3M12.2US$78.1M'25/37.02US$44.7M14.0US$89.0M'26/3
Shareholders
Top 10 hold 75.8%
1
Kazuya OKADA
40.82%
2
MJR LLC
17.75%
3
Eriko OKADA
4.21%
4
Mitsumori OKADA
3.33%
5
Kyoichi KAGEYAMA
2.98%
6
Shigeo MAKITA
2.17%
7
Kenichi SHIBATA
1.29%
8
Mitsuaki WATANABE
1.22%
9
Yasuhide UNO
1.05%
10
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
0.97%
Management
7 officers
Kazuya OKADA
Representative Director, President
Apr 1991 Joined Kyoritsu Kokoku Co., Ltd. Nov 1993 Joined Johnan Rehouse Co., Ltd. Apr 1995 Joined Landix Co., Ltd. (former company) Feb 2001 Joined the Company Jun 2002 Assumed office as Representative Director, President of the Company (current) Aug 2003 Established Grande Co., Ltd.; assumed office as Director (current) Apr 2024 Assumed office as Director, Linne Co., Ltd. (current) Nov 2024 Established LDX Design Cloud Co., Ltd.; assumed office as Director (current)
1969-05-24
Ken KOMURO
Senior Managing Director
Apr 1988 Joined Sumitomo Realty & Development Sales Co., Ltd. Apr 2013 Joined the Company Mar 2017 Assumed office as Director of the Company Apr 2019 Assumed office as Director and Head of Sakurashinmachi Center of the Company Jun 2020 Assumed office as Senior Managing Director and General Manager of Distribution Sales Division of the Company (current) Assumed office as Director, Grande Co., Ltd. Mar 2021 Assumed office as Representative Director, Grande Co., Ltd. (current) Apr 2024 Assumed office as Director, Linne Co., Ltd. (current) Nov 2024 Established LDX Design Cloud Co., Ltd.; assumed office as Director (current)
1965-11-18
Ryuhei MATSUMURA
Director
Apr 2011 Joined Sumitomo Electric Industries, Ltd. Apr 2013 Joined Sogo Kankyo Keikaku Co., Ltd. Sep 2015 Joined the Company Apr 2017 Assumed office as General Manager, Management Planning Office of the Company Apr 2021 Assumed office as Executive Officer of the Company Jun 2023 Assumed office as Director of the Company (current) Apr 2024 Assumed office as Director, Linne Co., Ltd. (current) Nov 2024 Established LDX Design Cloud Co., Ltd.; assumed office as Director (current)
1987-12-21
Hiroyuki NISHIMURA
Outside Director
Apr 1985 Joined Arthur Andersen & Co. (now Accenture Japan Ltd.) Sep 1990 Manager, Arthur Andersen & Co. Sep 1995 Associate Partner, Arthur Andersen & Co. Sep 1997 Partner, Arthur Andersen & Co. Mar 2019 Assumed office as Outside Director of the Company (current)
1962-07-03
Yumi ISAYAMA
Full-time Statutory Auditor
Dec 2005 Joined Shin Nihon & Co. (now EY ShinNihon LLC) Mar 2009 Registered as Certified Public Accountant Nov 2010 Principal, Isayama Certified Public Accountant Office Oct 2011 Assumed office as Full-time Statutory Auditor, Medical Research and Technology Co., Ltd. (now MRT Co., Ltd.) Jan 2014 Statutory Auditor, Medical Research and Technology Co., Ltd. (now MRT Co., Ltd.) (current) Jun 2021 Assumed office as Statutory Auditor of the Company (current) Assumed office as Statutory Auditor, Grande Co., Ltd. (current) Apr 2024 Assumed office as Statutory Auditor, Linne Co., Ltd. (current) Nov 2024 Established LDX Design Cloud Co., Ltd.; assumed office as Statutory Auditor (current)
1979-07-28
Hiroshi OKAMOTO
Outside Statutory Auditor
Apr 1978 Joined Shin Nippon Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Apr 2007 Transferred to Shinko Investment Trust Co., Ltd. as Executive Officer Jun 2017 Assumed office as Outside Statutory Auditor of the Company (current)
1955-08-10
Masao HORIUCHI
Outside Statutory Auditor
Apr 1992 Joined Nihon Investment Finance Co., Ltd. (now Daiwa Corporate Investment Co., Ltd.) Apr 1995 Joined Intelligence Co., Ltd. (now Persol Career Co., Ltd.) Mar 1998 Assumed office as Outside Statutory Auditor, CyberAgent, Inc. Apr 2009 Joined USEN Corporation (now U-NEXT HOLDINGS Co., Ltd.) May 2010 Registered as Certified Tax Accountant Dec 2010 Assumed office as Director and General Manager of Administration Division, U-NEXT Co., Ltd. (now U-NEXT HOLDINGS Co., Ltd.) Jul 2017 Assumed office as Full-time Statutory Auditor, U-NEXT Co., Ltd. (now U-NEXT HOLDINGS Co., Ltd.) (current) Dec 2017 Assumed office as Outside Director (Audit and Supervisory Committee Member), CyberAgent, Inc. (retired Dec 2025) Jun 2018 Assumed office as Outside Director (Audit and Supervisory Committee Member), Payroll Co., Ltd. (retired Jun 2024) Assumed office as Outside Statutory Auditor of the Company (current) Jun 2020 Assumed office as Outside Director (Audit and Supervisory Committee Member), Force Startups Co., Ltd. (current) Jun 2023 Assumed office as Outside Director (Audit and Supervisory Committee Member), Force Startups Co., Ltd. (current) Jun 2026 Assumed office as Statutory Auditor, B-Style Holdings Co., Ltd. (current)
1969-11-13
Large Shareholding Reports
MJR LLC
2026-06-08
18.28%→33.89%
Annual report (as of 2026-03-31): 17.75%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-08
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2025-08-20
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-08-12
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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