Overview
Real Estate

WILL,Co.,Ltd.

Will Co., Ltd. is a regional real estate group headquartered in Takarazuka, Hyogo Prefecture, operating 23 brokerage stores across the Hanshin/Hokusetsu (Kansai), Nagoya (Chubu), and Tokyo metropolitan areas. The company provides integrated real estate services spanning property brokerage (distribution), renovation/reform, residential development and sales, rental property management, and ancillary financial/insurance services. Its core competitive strength lies in a one-stop real estate service model that leverages synergies between brokerage, renovation, and development businesses, underpinned by deep local market intelligence gathered through its community-based store network.

Market Cap
¥6.92B
US$44.1M
EV
¥13.9B
US$88.6M
Stock¥599▲+0.50%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.4
x
LTM EV/EBIT
7.8
x
LTM PER
7.3
x
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-12.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
6.92BUS$44.1MMarket Cap10.4BUS$66.1M+ Debt3.40BUS$21.7M− Cash0.00BUS$0.00M− Inv. Sec.13.9BUS$88.6MEV
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Performance & Balance
Revenue 5Y (¥B)
8.68US$55.4M'21/129.47US$60.4M'22/1211.6US$73.7M'23/1213.2US$84.3M'24/1214.9US$94.9M'25/12
EBITDA 5Y (¥B)
0.95US$6.06M'21/121.04US$6.62M'22/121.13US$7.17M'23/121.25US$7.96M'24/121.45US$9.27M'25/12
Net Income 5Y (¥B)
0.58US$3.68M'21/120.59US$3.79M'22/120.52US$3.32M'23/120.71US$4.53M'24/120.66US$4.23M'25/12
Capital Structure
36%
64%
EquityD/E 1.79xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.87US$11.9M7.09US$45.2M'21/121.64US$10.5M8.01US$51.1M'22/122.82US$18.0M8.34US$53.2M'23/122.32US$14.8M8.64US$55.1M'24/121.82US$11.6M8.89US$56.7M'25/12
Shareholders
Top 10 hold 73.2%
1
Okamoto Toshito Co., Ltd.
56.78%
2
WILL,Co.,Ltd. Employee Stock Ownership Association
7.13%
3
Yoko OKADA
2.05%
4
Izumi MIYAMAE
1.39%
5
Izumi TOMONO
1.37%
6
Rakuten Securities, Inc.
1.21%
7
Ken BAO
0.97%
8
Katsuyuki SAKANE
0.85%
9
Shigeru FUJIMOTO
0.77%
10
Satoshi UMIYAMA
0.73%
Management
10 officers
Shinji TANAKA
Representative Director, President
Apr 2003 Joined the Company Jan 2014 Appointed Manager, Distribution Sales Group No. 3, the Company Jan 2018 Appointed Manager, Distribution Sales Kansai Group, the Company Mar 2024 Appointed Director, the Company Jul 2025 Appointed Representative Director, President, the Company (current) Dec 2025 Appointed Director, Will Financial Communications Co., Ltd. (current)
1980-06-21
Katsuyuki SAKANE
Chairman of the Board, Director
Apr 1997 Joined the Company Jan 2005 Appointed Manager, Distribution Sales Group No. 2, the Company Aug 2006 Appointed Director, the Company Jan 2007 Appointed Manager, Distribution Sales Group, the Company Jan 2008 Appointed Director, Will Financial Communications Co., Ltd. Apr 2014 Appointed Representative Director, the Company Oct 2016 Appointed Director, Will Financial Communications Co., Ltd. (current) Mar 2018 Appointed Director, Will Kukan Design Co., Ltd. (current) Mar 2018 Appointed Director, Renowest Co., Ltd. (current) Mar 2018 Appointed Director, Yu Co., Ltd. Mar 2018 Appointed Director, Will Studio Co., Ltd. (current) Apr 2019 Appointed Representative Director, President, the Company Dec 2019 Appointed Director, Bukatsu no Mikata Co., Ltd. Sep 2021 Appointed Representative Director, Bukatsu no Mikata Co., Ltd. (current) Jul 2025 Appointed Chairman of the Board, Director, the Company (current)
1974-08-01
Izumi TOMONO
Director
Apr 1999 Joined the Company Jan 2005 Appointed Manager, General Affairs Group, the Company Mar 2005 Appointed Director, the Company (current) Nov 2005 Appointed Audit & Supervisory Board Member, Renowest Co., Ltd. Jan 2008 Appointed Audit & Supervisory Board Member, Will Financial Communications Co., Ltd. Mar 2011 Appointed Representative Director, the Company Mar 2011 Appointed Director, Will Kukan Design Co., Ltd. (current) Nov 2013 Appointed Director, Yu Co., Ltd. Jan 2014 Appointed Director, Renowest Co., Ltd. (current) Jan 2014 Appointed Director, Will Financial Communications Co., Ltd. Jul 2014 Appointed Director, Will Studio Co., Ltd. (current) Oct 2016 Appointed Representative Director, Will Financial Communications Co., Ltd. (current) Dec 2019 Appointed Director, Bukatsu no Mikata Co., Ltd. (current)
1976-12-16
Shinjiro SATO
Director
Apr 1999 Joined the Company Jan 2010 Appointed Manager, LD Group, the Company Mar 2010 Appointed Director, Will Kukan Design Co., Ltd. Mar 2011 Appointed Director, the Company (current) Dec 2011 Appointed Director, Renowest Co., Ltd. Nov 2013 Appointed Representative Director, Yu Co., Ltd. Mar 2018 Appointed Representative Director, Will Kukan Design Co., Ltd. (current) Mar 2018 Appointed Representative Director, Renowest Co., Ltd. (current) Sep 2021 Appointed Director, Bukatsu no Mikata Co., Ltd. (current)
1976-06-30
Masakazu JINNO
Director
Apr 2002 Joined the Company Jan 2010 Appointed Manager, Distribution Sales Group No. 2, the Company Jan 2018 Appointed Manager, Distribution Sales Chubu Group, the Company Jan 2022 Appointed Manager, Distribution Sales Tokyo Metropolitan Area Group, the Company Mar 2024 Appointed Director, the Company (current)
1977-10-15
Tetsuhisa OKUDA
Outside Director
Apr 1985 Joined Sumitomo Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Dec 2000 Acquired qualification as Certified Social Insurance and Labor Consultant Sep 2001 Established Okuda Labor Management Office as Representative Sep 2006 Appointed Representative Director, J-STATION Co., Ltd. (current) Dec 2006 Acquired qualification as Specialized Certified Social Insurance and Labor Consultant Mar 2016 Appointed Outside Director, the Company (current) Jan 2021 Appointed Representative Member, Sakura Roumu Social Insurance Labor Consultant Corporation
1961-08-20
Go TANAKA
Outside Director
Oct 1995 Joined Chuo Audit Corporation Apr 1999 Registered as Certified Public Accountant Apr 2007 Established Tanaka CPA Office as Representative (current) Jan 2008 Registered as Certified Tax Accountant Jun 2015 Appointed Outside Audit & Supervisory Board Member, Super Tool Co., Ltd. Sep 2015 Appointed Partner, Semba Chuo Tax Corporation Mar 2016 Appointed Outside Director, the Company (current) Jun 2018 Appointed Outside Director (Audit and Supervisory Committee Member), Super Tool Co., Ltd. (current) Mar 2022 Appointed Outside Director, Hirata Tile Co., Ltd. (current) Jun 2024 Appointed Representative Member, Semba Chuo Tax Corporation (current)
1969-08-05
Izumi MIYAMAE
Full-time Audit & Supervisory Board Member
Apr 1999 Joined the Company Apr 2003 Appointed Manager, Business Quality Control Team, General Affairs Group, the Company Mar 2010 Appointed Full-time Audit & Supervisory Board Member, the Company (current) Nov 2013 Appointed Audit & Supervisory Board Member, Yu Co., Ltd. Jan 2014 Appointed Audit & Supervisory Board Member, Will Kukan Design Co., Ltd. (current) Jan 2014 Appointed Audit & Supervisory Board Member, Renowest Co., Ltd. (current) Jan 2014 Appointed Audit & Supervisory Board Member, Will Financial Communications Co., Ltd. (current) Jul 2014 Appointed Audit & Supervisory Board Member, Will Studio Co., Ltd. (current) Dec 2019 Appointed Audit & Supervisory Board Member, Bukatsu no Mikata Co., Ltd. (current)
1977-02-18
Yasuaki TARUTANI
Audit & Supervisory Board Member
Apr 1975 Joined Mitsubishi Heavy Industries, Ltd. Jul 1982 Joined Price Waterhouse & Co. Accounting Firm Sep 1986 Registered as Certified Public Accountant Jul 1987 Appointed Senior Managing Director, Takettsu Co., Ltd. Jan 1993 Appointed Joint Representative, Kaisei CPA Joint Office (current) Jan 1993 Registered as Certified Tax Accountant Sep 2000 Appointed Outside Audit & Supervisory Board Member, Joho Kikaku Co., Ltd. Jul 2005 Appointed Outside Audit & Supervisory Board Member, the Company (current) Jul 2005 Appointed Outside Audit & Supervisory Board Member, Will Kukan Design Co., Ltd. Dec 2015 Appointed Outside Director, Joho Kikaku Co., Ltd. Jun 2016 Appointed Outside Audit & Supervisory Board Member, Sumitomo Denset Co., Ltd. (current)
1952-04-27
Keisuke IOKU
Audit & Supervisory Board Member
Apr 1987 Registered as Attorney at Law (Osaka Bar Association) Apr 1987 Joined Yamamoto Akazawa Law Office (now Akazawa Ioku Law Office) Apr 2000 Appointed Representative, Akazawa Ioku Law Office (current) Jan 2011 Appointed Expert Committee Member, Osaka District Court (current) Sep 2012 Appointed Lecturer, Kyoto University Law School Mar 2024 Appointed Outside Audit & Supervisory Board Member, the Company (current)
1960-02-09
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-12
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-12
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-27
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-11
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-13
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-06-02
Amended Annual Securities Report
Period: Jan 2021 – Dec 2021
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-28
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-29
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-30
Annual Securities Report
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