Overview
Real Estate

GRANDES,Inc.

Grandies Co., Ltd. is a Japanese real estate developer and homebuilder operating two core segments: real estate sales and construction contracting. The real estate sales segment develops and sells competitively priced built-for-sale homes (targeting first-time buyers in regional cities and suburban Tokyo at ¥20–40 million) as well as investment properties including the 'RESCO' rental condominium series, 'ATTRESE' wooden apartment series, and simple lodging facilities primarily in Fukuoka and Oita prefectures. Through its consolidated subsidiary Morizou Co., Ltd., the construction contracting segment offers premium custom-built homes using domestically sourced Kiso hinoki cypress, focused on the Kanto-Koshinetsu region.

Market Cap
¥1.75B
US$11.2M
EV
¥2.90B
US$18.5M
Stock¥427▼-0.47%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
20.6
x
LTM EV/EBIT
33.0
x
LTM PER
19.0
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-83.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Dec 22, 25Full-year guidance lowered: Profit decline
MC → EV Bridge
1.75BUS$11.2MMarket Cap1.96BUS$12.5M+ Debt0.81BUS$5.16M− Cash0.00BUS$0.00M− Inv. Sec.2.90BUS$18.5MEV
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Performance & Balance
Revenue 5Y (¥B)
2.81US$17.9M'21/122.66US$17.0M'22/124.60US$29.3M'23/124.23US$27.0M'24/123.42US$21.8M'25/12
EBITDA 5Y (¥B)
0.32US$2.05M'21/120.27US$1.74M'22/120.16US$1.01M'23/120.52US$3.31M'24/120.06US$0.39M'25/12
Net Income 5Y (¥B)
0.18US$1.16M'21/120.07US$0.41M'22/120.18US$1.14M'23/120.25US$1.60M'24/12-0.00-US$0.02M'25/12
Capital Structure
57%
43%
EquityD/E 0.74xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.70US$4.48M1.59US$10.2M'21/121.64US$10.5M1.54US$9.82M'22/121.17US$7.46M1.22US$7.75M'23/121.61US$10.3M1.04US$6.65M'24/121.01US$6.43M2.25US$14.3M'25/12
Shareholders
Top 10 hold 60.7%
1
Hiroshi KAMEI
41.04%
2
Easy Consulting Limited Company
9.75%
3
SBI SECURITIES Co., Ltd.
4.11%
4
Rakuten Securities, Inc. (Joint Account)
1.95%
5
Hirota Shoji Co., Ltd.
0.90%
6
Keiji SATO
0.73%
7
Sadao YAMAGUCHI
0.59%
8
Koichi NAKAJIMA
0.58%
9
Shingo KATAOKA
0.51%
10
Takakiyo IWAO
0.50%
Management
7 officers
Hiroshi KAMEI
Representative Director, President
Jul 1988 Joined Mieno Interior Jul 1989 Founded Interior Kamei Nov 1990 Representative Director, K's Limited Company Aug 2003 Director, Joe Corporation Takagi Jan 2006 Representative Director, Joe Corporation Kyushu Nov 2006 Established the Company; Representative Director, President (current) Oct 2022 Representative Director, President, Morizo Co., Ltd. (current) Jan 2025 Representative Director, President, San-Ai Home Co., Ltd. (current)
1970-08-10
Daigaku GOTO
Director, General Manager of Sales Headquarters
Apr 2009 Joined Human Resocia Co., Ltd. Jul 2013 Joined the Company Apr 2023 Executive Officer, Deputy General Manager of Sales Headquarters Mar 2024 Director, General Manager of Sales Headquarters (current)
1986-05-04
Yoshihiko HARAGUCHI
Director
Apr 1995 Joined Iwasaki Law Office (currently Agora Law Corporation) Apr 2002 Vice President, Oita Bar Association Oct 2007 Director of the Company (current) Mar 2008 Statutory Auditor, Mobile Create Co., Ltd. May 2008 Statutory Auditor, Marushoku Co., Ltd. Apr 2012 Director, Oita Prefectural Credit Union Aug 2016 Director (Audit and Supervisory Committee Member), Mobile Create Co., Ltd. May 2017 Statutory Auditor, Sunriv Co., Ltd. (current) Jul 2018 Director (Audit and Supervisory Committee Member), FIG Co., Ltd. Apr 2019 President, Oita Bar Association Jun 2020 Representative Partner, Agora Law Corporation (current)
1962-07-25
Tsukasa FUJISHIMA
Director
Dec 2004 Joined Tohmatsu Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Jun 2010 Registered as Certified Public Accountant Apr 2012 Registered as Certified Tax Accountant Jun 2012 Opened Fujishima Certified Public Accountant Office; Office Head (current) Jan 2013 Representative Partner, T&A Corporation LLC (current) Mar 2019 Director of the Company (current)
1979-03-21
Yuji KAI
Full-time Statutory Auditor
Apr 1981 Joined The Oita Bank, Ltd. Mar 2007 Examination Officer, Credit Examination Department, The Oita Bank, Ltd. May 2013 Deputy Head, Business Department, Nishi-Nihon Industrial Health Association Oct 2014 Head, Business Department, Kitakyushu Industrial Health Clinic Jun 2019 Director, Nishi-Nihon Industrial Health Association Feb 2024 Joined the Company Mar 2024 Full-time Statutory Auditor of the Company (current)
1958-05-18
Tatsuro KURAMAE
Statutory Auditor
Apr 1983 Joined Shinozaki Accounting Office (Tokyo) Oct 1986 Opened Kuramae Accounting Office Jul 2003 Established Oita Sogo Accounting Office Tax Corporation (current) Oct 2007 Director of the Company Mar 2008 Statutory Auditor of the Company (current)
1958-07-04
Yuichi IKUNO
Statutory Auditor
Oct 2001 Passed the National Bar Examination Oct 2003 Joined Law Office Agora (currently Agora Law Corporation) Apr 2009 Vice President, Oita Bar Association Sep 2009 Registered as Certified Tax Accountant, Minami-Kyushu Tax Accountants' Association Sep 2012 Statutory Auditor of the Company (current) Dec 2017 Outside Statutory Auditor, Ejiri Oxygen Co., Ltd. (current) Feb 2019 Outside Statutory Auditor, TMH Co., Ltd. Jan 2020 Outside Statutory Auditor, Ejiri Seisakusho (current) Feb 2020 Outside Statutory Auditor, Ejiri Sangyo Co., Ltd. (current) Feb 2023 Outside Statutory Auditor, TMH Co., Ltd. (current)
1979-01-03
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-10
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-08
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-10
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Jun 2025
TDnet
2025-05-09
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
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-24
Securities Registration Statement
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Jan 2023 – Jun 2023
EDINET
2023-05-11
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-31
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINETAmended
2022-08-25
Amended Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-11
Quarterly Securities Report
EDINET
2022-03-25
Annual Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-05-11
Quarterly Securities Report
EDINET
2021-03-26
Annual Securities Report
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