Under supervision (confirmation) · Designated 2026-08-03 JPX notice
Overview
Real Estate

Japan Property Management Center Co.,Ltd.

JPMC operates a nationwide property management (sublease) business in Japan, wherein it leases entire residential rental buildings from property owners and subleases individual units to tenants, effectively acting as a full-service rental management proxy for landlords. The company's flagship product, 'Super Sublease (SSL),' is a proprietary revenue-sharing sublease model that differentiates it from construction-linked sublease operators by focusing purely on property management. JPMC leverages a nationwide network of partner companies—including construction firms, renovation contractors, leasing agencies, and elder-care operators—to deliver ancillary services such as rent guarantee, insurance, broadband (JPMC Hikari), building materials sales, and income-producing real estate brokerage.

Market Cap
¥38.7B
US$247M
EV
¥31.6B
US$202M
Stock¥2,312▲+1.94%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
10.8
x
LTM EV/EBIT
11.7
x
LTM PER
20.8
x
LTM PBR
3.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+55.3%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Aug 4, 26MBO announced; Sunrise Capital-affiliated funds launch tender offer at ¥2,250/share
MC → EV Bridge
38.7BUS$247MMarket Cap0.69BUS$4.42M+ Debt7.75BUS$49.4M− Cash0.00BUS$0.00M− Inv. Sec.31.6BUS$202MEV
AI Briefing
JPMC runs a nationwide bulk-sublease platform for residential property owners, anchored by its proprietary Super Sublease revenue-share model and partner-driven ancillary services. FY25/12 revenue ¥58.5B with OP ¥2.6B (4.5% margin), roughly flat versus FY24/12's ¥59.0B/¥2.7B after three years of steady growth. No tender offer in public data; founder-family and Mitoh/Kotsu-affiliated holders control a majority stake, limiting float at a ¥39.3B market cap against ¥2.9B LTM EBITDA.
Performance & Balance
Revenue 5Y (¥B)
53.4US$341M'21/1256.2US$359M'22/1257.4US$366M'23/1259.0US$376M'24/1258.5US$373M'25/12
EBITDA 5Y (¥B)
2.42US$15.4M'21/122.51US$16.0M'22/122.71US$17.3M'23/122.87US$18.3M'24/122.82US$18.0M'25/12
Net Income 5Y (¥B)
1.16US$7.40M'21/121.59US$10.1M'22/121.82US$11.6M'23/121.83US$11.7M'24/121.80US$11.5M'25/12
Capital Structure
93%
EquityD/E 0.07xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.28US$46.4M3.98US$25.4M'21/127.42US$47.3M3.04US$19.4M'22/126.90US$44.0M2.32US$14.8M'23/127.56US$48.2M1.71US$10.9M'24/126.85US$43.7M0.76US$4.84M'25/12
Shareholders
Top 10 hold 55.5%
1
Muto Enterprise 2 Co., Ltd.
26.29%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.86%
3
Hikari Tsushin K.K. Investment Limited Partnership
6.96%
4
Hideaki MUTO
3.14%
5
JPMC Employee Stock Ownership Association
2.33%
6
Custody Bank of Japan, Ltd. (Trust Account)
2.03%
7
UH Partners 2 Investment Limited Partnership
1.89%
8
Koichi SOGO
1.75%
9
MBC Development Co., Ltd.
1.64%
10
Meiwa Fudosan Co., Ltd.
1.59%
Management
9 officers
Hideaki MUTO
Representative Director, President and Executive Officer, Group CEO
Mar 1997 Established Next Co., Ltd. (now LIFULL Co., Ltd.), Representative Director Sep 1998 Vice President and Representative Director, Next Co., Ltd. Nov 1999 Head of Systems Department, APAMAN SHOP NETWORK Co., Ltd. (now APAMAN Co., Ltd.) May 2001 Representative Director, Fudosan Business Laboratory Inc. Jun 2002 Established the Company, Representative Director, President Oct 2003 Director, Fudosan Business Laboratory Inc. Jan 2012 Representative Director, Senior Managing Executive Officer, the Company Apr 2016 Representative Director, President and Executive Officer, Group CEO (current)
1964-04-19
Koji KAWAKUBO
Outside Director, Chairman of the Board of Directors
Apr 1980 Joined Yasuda Trust & Banking Co., Ltd. (now Mizuho Trust & Banking Co., Ltd.) Oct 1999 General Manager, Consulting Department, Yasuda Trust & Banking Co., Ltd. Apr 2007 Executive Officer, General Manager, Corporate Business Planning Department, Mizuho Trust & Banking Co., Ltd. Apr 2008 Executive Officer, General Manager, General Consulting Department, Mizuho Bank, Ltd. Apr 2009 Managing Executive Officer, General Manager, General Consulting Department, Mizuho Bank, Ltd. Apr 2011 Managing Executive Officer, in charge of Branches and Deputy in charge of Corporate Group, Mizuho Bank, Ltd. Apr 2012 Managing Executive Officer, in charge of Sales Branches, Mizuho Bank, Ltd. Mar 2013 Representative Director, President, Mizuho Shinfudosan Hanbai Co., Ltd. Jul 2015 Representative Director, President, Mizuho Fudosan Hanbai Co., Ltd. Mar 2017 Full-time Audit & Supervisory Board Member, Tokyo Tatemono Co., Ltd. Mar 2023 Outside Director, Chairman of the Board of Directors, the Company (current)
1956-10-07
Takashi HOSODA
Outside Director
Apr 1979 Joined Ministry of Finance (now Ministry of Finance) Jul 1996 Director for Planning, Minister's Secretariat, Ministry of Finance; concurrently Professor, Kyoto University Jul 2006 Director, Japan Finance Corporation for Small and Medium Enterprise (now Japan Finance Corporation) Jul 2008 Deputy Director-General, Minister's Secretariat, Ministry of Internal Affairs and Communications Jul 2010 Commissioner, Nagoya Customs Apr 2011 Director, Japan Housing Finance Agency Jun 2013 Commissioner, Tokyo Customs Jul 2014 Director-General, Kanto Local Finance Bureau Mar 2016 Registered as Attorney-at-Law Jun 2016 Vice President and Representative Director, Tomato Bank, Ltd. Oct 2019 Joined Y&P Law Office as Of Counsel (current) Jul 2020 Outside Audit & Supervisory Board Member, Rococo Co., Ltd. (current) Aug 2021 Outside Director, Maezawa Kogyo Co., Ltd. (current) Mar 2022 Outside Director, the Company (current)
1955-04-28
Shinya UEDA
Director, Senior Managing Executive Officer, Group COO and President, Urban Company
Apr 2000 Joined Sumitomo Construction Co., Ltd. (now Sumitomo Mitsui Construction Co., Ltd.) Apr 2005 Joined the Company Apr 2016 Executive Officer, Head of Consulting Sales Division Jan 2018 Executive Officer, Head of Solutions Sales Division Jan 2019 Executive Officer, President, Metropolitan Area Company Jan 2020 Senior Executive Officer, President, Western Japan Company Jan 2022 Managing Executive Officer, Head of Direct Marketing Division Jan 2024 Managing Executive Officer, President, Operating Company Mar 2024 Director, Managing Executive Officer, Group Co-COO and President, Operating Company Jan 2026 Director, Senior Managing Executive Officer, Group COO and President, Urban Company (current)
1976-11-06
Shigeo IKEDA
Director, Senior Managing Executive Officer, Head of Administration Division and General Manager, Human Resources and General Affairs Department
Apr 1996 Joined SK Trading Co., Ltd. Aug 2004 Joined the Company Jan 2015 Executive Officer, Head of Consulting Sales Division; General Manager, Metropolitan Area Consulting Group Jan 2016 Senior Executive Officer, General Manager, Property Management Division; General Manager, East Japan Property Management Division; General Manager, Senior House Division Jan 2018 Managing Executive Officer, General Manager, Property Management Division Mar 2018 Director, Managing Executive Officer, General Manager, Property Management Division Jan 2019 Director, Managing Executive Officer, President, Western Japan Company Jan 2020 Director, Senior Managing Executive Officer, President, East Japan Company Jan 2021 Director, Senior Managing Executive Officer, Group COO and President, East Japan Company Jan 2022 Director, Senior Managing Executive Officer, Group COO and Head of Partner Business Division Jan 2024 Director, Senior Managing Executive Officer, Group COO and President, Sales & Marketing Company Mar 2024 Director, Senior Managing Executive Officer, Group Co-COO and President, Sales & Marketing Company Jan 2025 Director, Senior Managing Executive Officer, Group Co-COO and President, Sales & Marketing Company; Head of Administration Division Jan 2026 Director, Senior Managing Executive Officer, Head of Administration Division and General Manager, Human Resources and General Affairs Department (current)
1974-02-13
Takayuki YAMIYA
Director, Managing Executive Officer, Group CFO and Head of Finance Division
Dec 2007 Joined Azusa Audit LLC Sep 2011 Registered as Certified Public Accountant Aug 2012 Joined Mandom Corporation Jul 2018 Registered as Certified Tax Accountant Sep 2019 Joined MOA Co., Ltd. (now Explice Co., Ltd.) as CFO and General Manager, Administration Division Sep 2020 Director, CFO and General Manager, Administration Division, MOA Co., Ltd. Apr 2023 Managing Director, CFO and General Manager, Administration Division, MOA Co., Ltd. Dec 2023 Joined the Company as Assistant to the President (Advisor) Jan 2024 Executive Officer, Head of Finance Division Mar 2024 Director, Senior Executive Officer, Group CFO and Head of Finance Division Jan 2026 Director, Managing Executive Officer, Group CFO and Head of Finance Division (current)
1983-02-10
Nobuyuki OHNISHI
Outside Director (Audit and Supervisory Committee Member)
Apr 1985 Joined Olympus Optical Co., Ltd. (now Olympus Corporation), Accounting Department Aug 1989 Seconded to Olympus Optical Co. (Europa) GmbH (now Olympus Europa SE & Co. KG) Apr 2006 Deputy General Manager, Accounting Department, Olympus Corporation Jul 2009 General Manager, Accounting Department, Olympus Corporation Jul 2013 General Manager, Corporate Administration, Olympus (China) Co., Ltd. Jun 2020 Full-time Audit & Supervisory Board Member, Olympus Medical Science Sales Ltd. (now Olympus Marketing Co., Ltd.) Apr 2022 Global Head of Treasury and Accounting, Evident Corporation Jun 2024 Left Evident Corporation Mar 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jul 2025 CFO, OM Digital Solutions Corporation (current)
1962-07-12
Yuko SAKURAI
Outside Director (Audit and Supervisory Committee Member)
Jan 2015 Registered as Attorney-at-Law Sep 2017 Economic Treaties Division, Bureau of International Law, Ministry of Foreign Affairs Apr 2019 Outside Audit & Supervisory Board Member, Idea Record Inc. (current) Dec 2019 Outside Audit & Supervisory Board Member, Bizcom Inc. (current) Mar 2020 Outside Audit & Supervisory Board Member, Signed Inc. (current) Jan 2022 Opened Sakurai Law Office, Representative (current) Mar 2022 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1987-02-18
Aki SADAHIRO
Outside Director (Audit and Supervisory Committee Member)
Apr 1998 Joined Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Oct 2001 Joined ShinNihon Audit Corporation (now EY ShinNihon LLC) May 2006 Registered as Certified Public Accountant Mar 2007 Joined Replus China Asset Management Co., Ltd. Oct 2007 Joined Replus REIT Management Co., Ltd. (now Daiwa Real Estate Asset Management Co., Ltd.) Nov 2007 General Manager, Management Administration Department, Replus REIT Management Co., Ltd. Sep 2011 General Manager, Accounting Department, GLP Japan Advisors Inc. Apr 2017 General Manager, Corporate Planning Department, GLP Japan Advisors Inc. Apr 2018 Executive Officer, CFO, Japan Medical Data Center Co., Ltd. (now JMDC Inc.) Jun 2018 Director, CFO, Japan Medical Data Center Co., Ltd. Aug 2020 Joined Viscas Corporation Oct 2020 Executive Officer, General Manager, Corporate Planning Department, Viscas Corporation Aug 2023 Joined Hikari Audit Corporation as Partner Jun 2024 Supervisory Officer, Conforia Residential Investment Corporation (current) Jul 2025 Sadahiro Certified Public Accountant Office (current) Mar 2026 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1975-04-27
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Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
EDINET
2026-10-13
Large Shareholding Report
EDINET
2026-10-13
Large Shareholding Report
EDINET
2026-10-09
Large Shareholding Report
EDINET
2026-10-09
Large Shareholding Report
EDINET
2026-10-06
公開買付報告書
EDINET
2026-09-24
Large Shareholding Report
EDINET
2026-09-24
Large Shareholding Report
EDINETAmended
2026-09-15
訂正公開買付届出書
EDINETAmended
2026-09-15
訂正意見表明報告書
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINETAmended
2026-08-06
訂正公開買付届出書
EDINET
2026-08-04
意見表明報告書
EDINET
2026-08-04
公開買付届出書
TDnet
2026-05-11
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-10
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-09-26
Large Shareholding Report
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-12
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2025-02-26
Large Shareholding Report
EDINET
2024-12-26
Large Shareholding Report
EDINET
2024-11-19
Large Shareholding Report
EDINET
2024-09-27
Large Shareholding Report
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-06-25
Large Shareholding Report
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-05-10
Large Shareholding Report
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