Overview
Real Estate

EARLY AGE CO.,Ltd.

R-AGE Corporation operates in the residential real estate sector, primarily serving the Tokyo metropolitan area and western Chiba Prefecture. Its core 'Operations Management Business' encompasses rental income from company-owned properties, sublease management of residential rental apartments, and third-party property management. The complementary 'Development and Sales Business' plans and develops competitively positioned rental properties focused on central urban areas, which subsequently contribute to the Operations Management Business as owned or subleased assets.

Market Cap
¥2.79B
US$17.8M
EV
¥12.1B
US$77.4M
Stock¥877▼-0.23%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
17.0
x
LTM EV/EBIT
25.8
x
LTM PER
10.2
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-25.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
2.79BUS$17.8MMarket Cap10.4BUS$66.3M+ Debt1.04BUS$6.64M− Cash0.01BUS$0.06M− Inv. Sec.12.1BUS$77.4MEV
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Performance & Balance
Revenue 5Y (¥B)
3.34US$21.3M'21/103.70US$23.6M'22/103.44US$21.9M'23/104.73US$30.1M'24/103.29US$21.0M'25/10
EBITDA 5Y (¥B)
0.64US$4.06M'21/100.83US$5.31M'22/100.75US$4.77M'23/101.11US$7.09M'24/100.74US$4.73M'25/10
Net Income 5Y (¥B)
0.26US$1.65M'21/100.38US$2.39M'22/100.33US$2.08M'23/100.53US$3.37M'24/100.28US$1.79M'25/10
Capital Structure
32%
68%
EquityD/E 2.16xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.04US$6.61M9.02US$57.5M'21/100.97US$6.20M8.36US$53.3M'22/100.93US$5.92M8.56US$54.6M'23/101.78US$11.4M8.79US$56.0M'24/101.32US$8.44M9.69US$61.8M'25/10
Shareholders
Top 10 hold 71.5%
1
BHAG Corporation Co., Ltd.
50.02%
2
Tatsuya MUKAIYAMA
3.79%
3
Mami OKAWA
3.77%
4
Seigo NAITO
2.99%
5
Seizaburo WAKASUGI
2.86%
6
Kenichi KASAHARA
1.96%
7
Ueda Yagi Tanshi Co., Ltd.
1.90%
8
Hiroaki KONISHI
1.49%
9
Takahisa KANEMURO
1.41%
10
Wataru HIDA
1.26%
Management
7 officers
Tatsuya MUKAIYAMA
Representative Director
Apr 1991 Joined Three Quarter Co., Ltd. Mar 1994 Joined the Company Sep 1995 Appointed General Manager, Sales Promotion Department Sep 1997 Appointed Director, Head of Division Nov 1998 Appointed Managing Director Nov 1999 Appointed Vice President and Director Nov 1999 Appointed Director, Atex Co., Ltd. (now RAG Technical Service Co., Ltd.) Oct 2000 Appointed Representative Director of the Company (current) Representative Director, Atex Co., Ltd. (now RAG Technical Service Co., Ltd.) (current) Feb 2003 Appointed President and Director, BHAG Corporation (now BHAG Corporation Co., Ltd.) Aug 2021 Appointed Representative Director, BHAG Corporation Co., Ltd. (current)
1967-01-31
Kenichi KASAHARA
Senior Managing Director, Head of Space Business Division
Dec 1993 Joined Three Quarter Co., Ltd. Dec 1993 Joined the Company Nov 1998 Appointed General Manager, Sales Department Nov 2002 Appointed Executive Officer Jan 2003 Appointed Director Apr 2003 Appointed Director, RAG Technical Service Co., Ltd. Jan 2006 Resigned as Director, RAG Technical Service Co., Ltd. Nov 2006 Appointed Head of Space Business Division (current) Apr 2019 Appointed Senior Managing Director (current)
1968-10-15
Ai MATSUBARA
Director, Head of Administration Division
Apr 2002 Joined the Company Dec 2012 Appointed Deputy Unit Leader, Internal Audit Office Jun 2015 Appointed Unit Leader, Corporate Planning Office Feb 2017 Concurrently Appointed Unit Leader, Information Management Unit, Administration Division Jan 2019 Appointed Director, Head of Administration Division (current)
1979-12-18
Yoshinori AKIYA
Director, General Manager of Operations Management Department, Space Business Division
Apr 2006 Joined the Company Dec 2018 Appointed Unit Leader, Funabashi Branch, Brokerage Consulting Business Department, Space Business Division (now Operations Management Business (Brokerage), Space Business Division) Jan 2021 Appointed Director, General Manager of Operations Management Department, Space Business Division (current)
1983-11-18
Akihiro ASANO
Director (Audit and Supervisory Committee Member)
Apr 1974 Joined The Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Apr 1996 Appointed Deputy General Manager, Dalian Branch, same bank Jun 2000 Appointed Deputy General Manager, Nakano-Ekimae Branch, same bank Nov 2002 Joined Matsuya Foods Co., Ltd. (now Matsuya Foods Holdings Co., Ltd.); appointed Manager attached to Head of Product Division Apr 2006 Appointed General Manager, Risk Management Office, Matsuya Foods Co., Ltd. Jun 2009 Appointed Full-time Audit & Supervisory Board Member, Matsuya Foods Co., Ltd. Jun 2013 Retired as Full-time Audit & Supervisory Board Member, Matsuya Foods Co., Ltd. Jan 2014 Appointed Audit & Supervisory Board Member, RAG Technical Service Co., Ltd. (current) Jan 2014 Appointed Outside Audit & Supervisory Board Member of the Company Jan 2018 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1951-03-30
Takayuki IWASAKI
Director (Audit and Supervisory Committee Member)
Apr 1991 Joined Funai Soken Inc. Apr 2008 Appointed Senior Consultant, Funai Soken Inc. Apr 2015 Concurrently Appointed Part-time Lecturer, Faculty of Business Administration, Rikkyo University Jun 2017 Appointed Director, Japan Commercial Wrapping Association (General Incorporated Association) (current) Apr 2019 Established Mugamae Co., Ltd. and appointed Representative Director (current) Jan 2020 Appointed Outside Director, Shimojima Co., Ltd. (current) Jun 2020 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1969-02-18
Tomomi ARAUCHI
Director (Audit and Supervisory Committee Member)
Dec 2015 Registered with the Bar Association (68th class) Jan 2016 Joined Spring Law Office May 2022 Completed LL.M. program, University of California, Los Angeles School of Law Oct 2022 Passed New York State Bar Examination Oct 2023 Returned to Spring Law Office Jan 2025 Appointed Partner, Spring Law Office (current) Outside Audit & Supervisory Board Member, Meitz Co., Ltd. (current) Aug 2025 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1988-04-12
Large Shareholding Reports
BHAG Corporation
2025-09-22
50.02%→50.02%
Annual report (as of 2026-04-30): 50.02%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-09-10
Q3 Earnings Flash
FY ending Oct 2026
EDINET
2026-06-12
Semi-Annual Securities Report
Period: Nov 2025 – Apr 2026
TDnet
2026-03-10
Q1 Earnings Flash
FY ending Oct 2026
EDINET
2026-01-23
Annual Securities Report
Period: Nov 2024 – Oct 2025
TDnet
2025-12-27
株主総会招集通知
EDINET
2025-09-22
Large Shareholding Report
TDnet
2025-09-09
Q3 Earnings Flash
FY ending Oct 2025
EDINET
2025-06-11
Semi-Annual Securities Report
Period: Nov 2024 – Oct 2025
TDnet
2025-03-07
Q1 Earnings Flash
FY ending Oct 2025
EDINET
2025-01-24
Annual Securities Report
Period: Nov 2023 – Oct 2024
EDINET
2024-06-12
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-03-13
Quarterly Securities Report
Period: Nov 2023 – Jan 2024
EDINET
2024-01-23
Annual Securities Report
Period: Nov 2022 – Oct 2023
EDINET
2023-09-12
Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINET
2023-06-13
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-03-14
Quarterly Securities Report
Period: Nov 2022 – Jan 2023
EDINET
2023-01-24
Annual Securities Report
Period: Nov 2021 – Oct 2022
EDINET
2022-09-13
Quarterly Securities Report
EDINET
2022-06-14
Quarterly Securities Report
EDINET
2022-03-15
Quarterly Securities Report
EDINET
2022-01-26
Annual Securities Report
EDINET
2021-09-13
Quarterly Securities Report
EDINET
2021-06-14
Quarterly Securities Report
EDINET
2021-03-16
Quarterly Securities Report
EDINET
2021-01-26
Annual Securities Report
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