Overview
Real Estate

Sansei Landic Co.,Ltd

Sansei Landic specializes in the acquisition, rights adjustment, and resale of 'sokochi' (land encumbered by legacy leasehold rights under Japan's pre-1992 Land Lease Act) and 'ikenuki' (income-impaired leasehold properties with aging structures). The company purchases properties with complex multi-party ownership structures from landowners, negotiates with leasehold rights holders to resolve encumbrances, and resells the properties at enhanced value to real estate companies, corporations, and individuals through a nationwide network of eight offices. In addition to property sales, the company offers 'Owners Partner,' a comprehensive land lease management service covering rent collection, delinquency management, and lease renewal procedures for landowners.

Market Cap
¥12.8B
US$81.3M
EV
¥32.0B
US$204M
Stock¥785▼-0.76%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
11.8
x
LTM EV/EBIT
12.4
x
LTM PER
8.7
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-9.7%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Aug 10, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
12.8BUS$81.3MMarket Cap26.0BUS$166M+ Debt6.65BUS$42.3M− Cash0.11BUS$0.68M− Inv. Sec.32.0BUS$204MEV
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Performance & Balance
Revenue 5Y (¥B)
16.8US$107M'21/1215.5US$98.9M'22/1223.3US$148M'23/1225.6US$163M'24/1223.3US$149M'25/12
EBITDA 5Y (¥B)
1.16US$7.39M'21/121.52US$9.66M'22/122.24US$14.2M'23/121.96US$12.5M'24/122.36US$15.0M'25/12
Net Income 5Y (¥B)
0.61US$3.88M'21/121.06US$6.75M'22/121.18US$7.53M'23/121.05US$6.69M'24/121.29US$8.24M'25/12
Capital Structure
36%
64%
EquityD/E 1.74xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
5.36US$34.1M8.11US$51.6M'21/123.84US$24.4M16.4US$104M'22/123.77US$24.0M16.9US$107M'23/125.11US$32.6M18.5US$118M'24/124.82US$30.7M25.1US$160M'25/12
Shareholders
Top 10 hold 41.9%
1
Takashi MATSUZAKI
15.79%
2
Shoji MATSUURA
5.59%
3
Custody Bank of Japan, Ltd. (Trust Account)
4.79%
4
Junko OZAWA
3.42%
5
SANSEI CO.,LTD. Employee Stock Ownership Association
3.41%
6
Yuka KIKUCHI
2.05%
7
Yusuke OZAWA
2.05%
8
Kengo OZAWA
2.03%
9
The Hongkong and Shanghai Banking Corporation Limited – Hong Kong Private Banking Division Client A/C 8028-394841 (Standing Proxy: Securities Services Operations, The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.68%
10
Miwa YAZAWA
1.14%
Management
10 officers
Takashi MATSUZAKI
Representative Director, President
May 1993 Joined the Company Apr 2000 General Manager, Land Business Division Apr 2001 General Manager, First Sales Department Dec 2002 Head of Sales Division Jul 2003 Representative Director, President (current) Mar 2010 Representative Director, President, Sansei Community Co., Ltd. Oct 2019 Representative Director, Sansei Landic Funding Co., Ltd. (current) Nov 2021 Executive Officer (Shokumu Shikkōsha), Hachimantai Tourism Revitalization LLC (current)
1970-05-01
Makoto OKI
Senior Managing Director, in charge of Sales, Head of Second Sales Division and Head of Planning Division
Apr 1977 Joined Saison Group Mar 1983 Transferred to Seiyo Kankyo Kaihatsu Co., Ltd. (now Mizuho Real Estate Sales Co., Ltd.) May 1999 Director, House Port Seiyo Co., Ltd. (now Mizuho Real Estate Sales Co., Ltd.) Sep 2000 Joined Anshin Jutaku Hanbai Co., Ltd. (now Mizuho Real Estate Sales Co., Ltd.) Jul 2006 Executive Officer and Head of Tokyo South Branch, Mizuho Real Estate Sales Co., Ltd. Apr 2011 Senior Executive Officer, Mizuho Real Estate Sales Co., Ltd. Aug 2014 Senior Executive Officer, Housemate Partners Co., Ltd. Jan 2016 Joined the Company; Deputy Head of Sales Division Jan 2017 Head of Second Sales Division Mar 2017 Director, Head of Second Sales Division Mar 2019 Managing Director, Head of Second Sales Division Jan 2021 Managing Director, in charge of Sales, Head of Second Sales Division Mar 2022 Senior Managing Director, in charge of Sales, Head of Second Sales Division Jan 2024 Senior Managing Director, in charge of Sales, Head of Second Sales Division and Head of Sales Promotion Division Jul 2025 Senior Managing Director, in charge of Sales, Head of Second Sales Division and Head of Planning Division (current)
1954-06-15
Noriyuki IMAFUKU
Director, Head of First Sales Division
Apr 2003 Joined the Company Jan 2010 Head of Nagoya Branch Jan 2013 General Manager, Second Sales Department Jan 2016 Deputy Head of Sales Division and General Manager, First Sales Department Jan 2017 Head of First Sales Division Mar 2017 Director, Head of First Sales Division (current)
1979-01-09
Toshiharu MORIOKA
Director, Head of Third Sales Division
Apr 2004 Joined Nissho Co., Ltd. May 2008 Joined the Company Jan 2013 Head of Nagoya Branch Jan 2016 Deputy Head of Sales Division and Head of Nagoya Branch Jan 2017 Head of Third Sales Division and Head of Nagoya Branch Mar 2017 Director, Head of Third Sales Division and Head of Nagoya Branch Jan 2021 Director, Head of Third Sales Division (current)
1981-04-10
Genjo MIURA
Director, Head of Administration Division
Oct 2002 Joined Asahi Audit Corporation (now Azsa LLC) Feb 2014 Joined the Company Jan 2017 General Manager, Corporate Planning Office Jan 2021 Head of Administration Division Jul 2022 Head of Administration Division and General Manager, Accounting Department Mar 2023 Director, Head of Administration Division and General Manager, Accounting Department Jan 2025 Director, Head of Administration Division (current)
1979-02-22
Hiroshi TAKAHASHI
Outside Director
Dec 1973 Joined Fuso Audit Corporation Aug 1986 Partner, Shinko Audit Corporation Jun 1995 Representative Partner, Chuo Audit Corporation Aug 2007 Representative Partner, Shin Nihon & Co. (now EY ShinNihon LLC); in charge of Business Development, Marketing Division; Standing Director Sep 2009 Managing Director, Client Service Division, Audit Division, Business Development Office Sep 2010 Head of Business Development Office, Audit Division, Shin Nihon & Co. May 2011 Outside Director, PARCO Co., Ltd. Jun 2011 Representative Director, President, Pronet Co., Ltd. (current) Mar 2012 Outside Director, the Company (current) Jun 2012 Outside Audit & Supervisory Board Member, Marusei Co., Ltd. (now TEMS Co., Ltd.) Jun 2015 Outside Director, Human Web Co., Ltd. (now General Oyster Inc.) Mar 2017 Outside Director (Audit and Supervisory Committee Member), eSOL Co., Ltd. (current) Jun 2017 Outside Director, Realize Co., Ltd. (now Netamoto Co., Ltd.)
1949-06-21
Naoko MURASAKI
Outside Director
Apr 1995 Joined National Police Agency Aug 2001 Northeast Asia Division, Asian and Oceanian Affairs Bureau, Ministry of Foreign Affairs Aug 2003 Head of Second Investigation Division, Criminal Investigation Department, Shizuoka Prefectural Police Headquarters Mar 2005 Head of Foreign Affairs Section, Security Department, Hyogo Prefectural Police Headquarters Jul 2006 Foreign Affairs Division, Foreign Intelligence Department, Security Bureau, National Police Agency Oct 2007 Security Planning Division, Security Bureau, National Police Agency Apr 2008 Joined Bain & Company Japan, Inc. Apr 2010 Senior Director, Japan Branch, Kroll International Inc. Jan 2013 Associate Managing Director, Kroll International Inc. Jan 2015 Representative, Japan Branch, Kroll International Inc. Jan 2016 Managing Director and Representative, Japan Branch, Kroll International Inc. Aug 2018 Representative Director, President, Noburijia Co., Ltd. (current) Mar 2021 Outside Director, the Company (current) Jun 2021 Outside Director (Audit and Supervisory Committee Member), Sega Sammy Holdings Inc. (current) Mar 2022 Outside Director (Audit and Supervisory Committee Member), Relax Inc. (current) Jul 2023 Outside Director (Audit and Supervisory Committee Member), Visionary Holdings Co., Ltd.
1971-08-18
Takeshi NAGATA
Full-time Audit and Supervisory Board Member
Apr 1979 Joined Maruzen Construction Co., Ltd. Oct 1994 Joined Nihon Sogo Jiochi Co., Ltd. (now Daiwa Jiochi Residence Co., Ltd.) Feb 2004 Audit & Supervisory Board Member, Real Asset Management Co., Ltd. Sep 2005 Audit & Supervisory Board Member, Real Cielto Co., Ltd. Feb 2009 Director, Real Cielto Co., Ltd. May 2012 Joined the Company Jun 2012 General Manager, Administration Division and General Manager, Corporate Planning & Finance Department Jan 2013 Head of Administration Division and General Manager, Business Administration Department Mar 2013 Director, Head of Administration Division Mar 2017 Managing Director, Head of Administration Division Jan 2021 Managing Director, in charge of Administration Mar 2023 Audit & Supervisory Board Member, the Company (current)
1958-07-08
Toshihiro ENOZONO
Audit & Supervisory Board Member
Oct 2002 Joined Shin-Tokyo Sogo Law Office Oct 2006 Partner, Tokyo Chuo Sogo Law Office Jan 2012 Partner, Tokyo Seiwa Law Office (current) Mar 2015 Outside Audit & Supervisory Board Member, the Company (current)
1973-12-26
Takahiro YAMAGISHI
Audit & Supervisory Board Member
Oct 2000 Joined Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Jun 2005 Registered as Certified Public Accountant Jul 2006 Transferred to Deloitte Tohmatsu FAS Co., Ltd. (now Deloitte Tohmatsu Financial Advisory LLC) Dec 2008 Registered as Certified Tax Accountant Apr 2009 Member, Yamagishi Accounting Tax Corporation (current) Jul 2016 Representative Member, Tokyo FAS LLC (now Yamagishi Asset Consultants LLC) (current) Mar 2023 Outside Audit & Supervisory Board Member, the Company (current)
1975-10-16
Large Shareholding Reports
M.Marea Asset Co., Ltd.
2026-10-01
11.07%→11.07%
M Malea Asset Co., Ltd.
2026-09-30
—
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-01
Large Shareholding Report
EDINETAmended
2026-09-30
Change Report
EDINET
2026-08-10
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-10
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-24
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2026-03-04
株主総会招集通知
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINETAmended
2024-05-13
Amended Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2024-03-27
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
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
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
2021-08-12
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-26
Annual Securities Report
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