Overview
Real Estate

STrust Co.,Ltd.

S-TRUST Co., Ltd. is a real estate developer headquartered in Shimonoseki, Yamaguchi Prefecture, primarily engaged in condominium and residential land development and sales under its proprietary 'OVISION' brand, targeting end-users in Yamaguchi Prefecture and major cities across Kyushu. The company integrates product planning and sales functions to reflect evolving customer needs, while also operating real estate management services through its subsidiary Trust Community Co., Ltd. and generating stable recurring income through a real estate leasing portfolio.

Market Cap
¥5.49B
US$35.0M
EV
¥23.9B
US$152M
Stock¥901▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
28.4
x
LTM EV/EBIT
37.3
x
LTM PER
15.5
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-38.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 13, 26Q1 FY2027/02 earnings announced
MC → EV Bridge
5.49BUS$35.0MMarket Cap24.8BUS$158M+ Debt6.27BUS$40.0M− Cash0.08BUS$0.48M− Inv. Sec.23.9BUS$152MEV
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Performance & Balance
Revenue 5Y (¥B)
16.0US$102M'22/215.6US$99.6M'23/218.0US$115M'24/219.2US$123M'25/222.3US$142M'26/2
EBITDA 5Y (¥B)
0.84US$5.37M'22/21.44US$9.16M'23/21.25US$8.00M'24/22.19US$14.0M'25/22.29US$14.6M'26/2
Net Income 5Y (¥B)
0.44US$2.81M'22/20.84US$5.34M'23/20.73US$4.66M'24/21.34US$8.54M'25/21.42US$9.06M'26/2
Capital Structure
30%
70%
EquityD/E 2.31xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
5.46US$34.8M16.6US$106M'22/26.23US$39.7M20.1US$128M'23/27.75US$49.4M21.2US$135M'24/210.3US$65.8M21.0US$134M'25/27.95US$50.7M24.1US$154M'26/2
Shareholders
Top 10 hold 72.8%
1
SAIBU GAS HOLDINGS CO.,LTD.
51.60%
2
Okabe Sangyo Co., Ltd.
4.40%
3
Tomoya SASAHARA
3.40%
4
Nobuko OMIZO
3.00%
5
Nomura Securities Co., Ltd.
2.70%
6
Kazuharu OMIZO
1.80%
7
Tokiko IWAO
1.60%
8
The Yamaguchi Bank, Ltd.
1.50%
9
The Bank of Fukuoka, Ltd.
1.40%
10
ST Property Inc.
1.40%
Management
10 officers
Naohisa FUJITA
Representative Director, President
Apr 1991 Joined Dan Sogo Kaikei Jimusho Inc. Jun 1993 Joined Tamura Accounting Office Inc. Jun 1998 Joined Early Computer Co., Ltd. Jan 2006 Joined the Company Sep 2007 Audit & Supervisory Board Member, Trust Community Inc. May 2010 Director, General Manager of Administration Department, the Company May 2013 Managing Director, the Company May 2019 Senior Managing Director, the Company Nov 2021 Audit & Supervisory Board Member, Estrust Real Estate Sales Co., Ltd. May 2022 Representative Director, Senior Managing Director, the Company Mar 2023 Representative Director, President, the Company (current) May 2025 Director, Estrust Real Estate Sales Co., Ltd. (current)
1970-06-28
Takashi FUJIMOTO
Senior Managing Director, Head of Housing Business Division
Apr 1996 Joined Hara Kosan Inc. (now REVOLUTION Inc.) Aug 2001 Joined the Company Sep 2007 Director, Trust Community Inc. May 2008 Director, General Manager of Business Development Department, the Company May 2013 Managing Director, General Manager of Business Development Department, the Company Mar 2018 Managing Director, the Company Nov 2021 Representative Director, President, Estrust Real Estate Sales Co., Ltd. (current) May 2022 Senior Managing Director, the Company Mar 2023 Senior Managing Director, Head of Housing Business Division, the Company (current)
1977-08-24
Kimihiro NAKAYAMA
Managing Director, Head of Condominium Business Division
Apr 1999 Joined JGM Housing Sales Co., Ltd. Apr 2002 Joined Land Truck Co., Ltd. Jun 2007 Joined the Company May 2013 Director, General Manager of Construction Department, the Company May 2018 Managing Director, General Manager of Construction Department, the Company Mar 2023 Managing Director, Head of Condominium Business Division, the Company (current)
1977-02-06
Kiyoshi KOBAYASHI
Director, Head of Condominium Business Division
Sep 2006 Joined the Company Mar 2015 Section Manager, Business Development Department, the Company Mar 2018 General Manager, Business Development Department, the Company May 2018 Director, General Manager of Business Development Department, the Company May 2020 Director, Trust Community Inc. Mar 2023 Director, Head of Condominium Business Division, the Company (current)
1980-05-09
Koichiro KUNO
Director
Apr 1983 Joined The Yamaguchi Bank, Ltd. Jun 2014 Director, General Manager of Head Office Sales Department, The Yamaguchi Bank, Ltd. Jun 2016 Managing Director, Branch Manager of Tokuyama Branch, The Yamaguchi Bank, Ltd. Jun 2018 Senior Managing Director, Branch Manager of Tokuyama Branch, The Yamaguchi Bank, Ltd. Jun 2019 Director, Senior Executive Officer, Branch Manager of Tokuyama Branch, The Yamaguchi Bank, Ltd. Jun 2020 Director, Momiji Bank, Ltd.; Director, The Yamaguchi Bank, Ltd.; Director, The Kitakyushu Bank, Ltd.; Director, Vice President, Unit COO, Yamaguchi Financial Group, Inc. Jun 2021 Chairman, The Yamaguchi Bank, Ltd. Jun 2022 Representative Director, YM Guarantee Co., Ltd. May 2023 Outside Director, the Company May 2024 Director, Estrust Real Estate Sales Co., Ltd. May 2025 Director, the Company (current) May 2025 Senior Managing Director, Trust Community Inc. (current)
1960-09-23
Kohei SUGIMOTO
Director, Audit and Supervisory Committee Member
Jul 1999 Joined PFU Limited Dec 2000 Joined Kanagawa Gakushu Center Inc. Mar 2004 Joined Kobayashi Tax Accountant Office Dec 2005 Established Arata Co., Ltd., Representative Director (current) Apr 2006 Registered with Chugoku Tax Accountants Association May 2006 Established Kohei Sugimoto Tax Accountant Office, Representative (current) May 2011 Audit & Supervisory Board Member, the Company May 2015 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1976-11-14
Yasuhiro TAKAGI
Vice President, Director
Apr 1997 Joined Seibu Gas Co., Ltd. Apr 2020 Real Estate Development Manager, Business Development Department, Seibu Gas Co., Ltd. Apr 2023 Business Strategy Manager, Seibu Gas Holdings Co., Ltd. Apr 2025 General Manager, Real Estate Division, Seibu Gas Holdings Co., Ltd. Mar 2026 Advisor, the Company May 2026 Vice President, Director, the Company (current)
1974-07-27
Koji YAMANE
Director
Dec 2009 Registered as attorney, Yamaguchi Bar Association Dec 2009 Joined Okita Law Office Jan 2016 Registered with Fukuoka Bar Association Jan 2016 Established Yamane Sogo Law Office, Representative (current) May 2019 Outside Director, the Company (current)
1972-08-10
Naoki KUROKAWA
Director, Audit and Supervisory Committee Member
Apr 1991 Joined The Yamaguchi Bank, Ltd. Jan 2012 Branch Manager, Akiho Branch, The Yamaguchi Bank, Ltd. Sep 2013 Deputy General Manager, Head Office Sales Department, The Yamaguchi Bank, Ltd. Jul 2015 Branch Manager, Kokura Higashi Branch, The Kitakyushu Bank, Ltd. Jul 2017 Branch Manager, Chofu Branch, The Yamaguchi Bank, Ltd. Oct 2020 General Manager, Market Operations Department, The Yamaguchi Bank, Ltd. Oct 2023 General Manager, Corporate Planning Office (in charge of Internal Audit), the Company May 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1968-05-08
Kaoru NODA
Director, Audit and Supervisory Committee Member
Dec 2007 Joined Deloitte Touche Tohmatsu LLC Jun 2011 Registered as Certified Public Accountant Oct 2017 Joined Fukuoka Kotobuki Tax Accountant Corporation Jul 2018 Established Noda CPA Office, Representative (current) May 2021 Outside Director, the Company Nov 2022 Outside Director, Audit and Supervisory Committee Member, CrossE Holdings Inc. (current) May 2023 Outside Director, Audit and Supervisory Committee Member, the Company (current) Aug 2024 Outside Director, Audit and Supervisory Committee Member, Muromachi Chemical Inc. (current)
1979-04-22
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-15
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-14
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-10
Q1 Earnings Flash
FY ending Feb 2027
EDINETAmended
2026-06-23
Amended Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINET
2026-05-27
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-09
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-14
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-11
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-23
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-10
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-15
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-11
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-07-08
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-24
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-11
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-11
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-29
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-12
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-11
Quarterly Securities Report
EDINET
2022-07-11
Quarterly Securities Report
EDINET
2022-05-30
Annual Securities Report
EDINET
2022-01-12
Quarterly Securities Report
EDINETAmended
2021-10-13
Amended Quarterly Securities Report
EDINET
2021-10-11
Quarterly Securities Report
EDINET
2021-07-12
Quarterly Securities Report
EDINET
2021-05-31
Annual Securities Report
EDINET
2021-01-12
Quarterly Securities Report
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