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Overview

Real Estate

Loadstar Capital K.K.

Loadstar Capital is a Tokyo-based real estate investment and technology company operating across three core segments: Corporate Funding (direct investment in mid-sized office buildings within Tokyo's 23 wards through value-add strategies), Asset Management (institutional-grade real estate advisory and portfolio management via subsidiary Loadstar Investments), and Crowdfunding (operating 'OwnersBook,' Japan's first real estate-focused crowdfunding platform offering both lending-type and equity-type products from as little as ¥10,000 per unit). The company also owns and operates HIRAMATSU HOTELS, a portfolio of luxury resort hotels located in premier Japanese tourist destinations including Kashikojima, Atami, Sengokuhara, Okinawa, Kyoto, and Karuizawa. The firm's competitive strengths lie in its proprietary deal-sourcing network, in-house due diligence capabilities staffed by licensed real estate appraisers and brokers, and its integration of technology with real estate investment.

Market Cap

¥42.4B

US$270M

¥102B

US$648M

Stock¥2,506▲+1.09%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

6.7

LTM EV/EBIT

7.4

LTM PER

5.3

LTM PBR

1.2

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-45.1%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Nov 4, 25Adjustment selling after Q3 earnings

2Feb 16, 26Digital securities business expansion

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

32%

68%

EquityD/E 2.11xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 53.4%

as of 2026-06-30 · Source: Annual Securities Report

Tatsushi IWANO

20.32%

The Master Trust Bank of Japan, Ltd. (Trust Account)

9.46%

Custody Bank of Japan, Ltd. (Trust Account)

5.69%

Capital Generation Co., Ltd.

4.26%

Renren Lianhe Holdings (Standing Proxy: Mizuho Securities Co., Ltd.)

3.42%

GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)

2.67%

RE FUND 107-CLIENT AC (Standing Proxy: Citibank, N.A., Tokyo Branch)

2.31%

Naoyuki KUBO

1.95%

STATE STREET BANK AND TRUST COMPANY 505019 (Standing Proxy: Mizuho Bank, Ltd.)

1.83%

CACEIS BANK, LUXEMBOURG BRANCH / UCITS-FULL TAX (Standing Proxy: Citibank, N.A., Tokyo Branch)

1.50%

Management

10 officers

Tatsushi IWANO

Representative Director, President

Apr 1996 Joined Japan Real Estate Institute Apr 2000 Joined Goldman Sachs Realty Japan Ltd. Aug 2004 Joined Lockpoint Management Japan LLC Mar 2012 Established the Company; assumed office as Representative Director, President (current) May 2014 Assumed office as Representative Director, President of Roadster Funding Co., Ltd. (current) Aug 2019 Assumed office as Director of Roadster Investments Co., Ltd. (current) Dec 2025 Assumed office as Director of Hash DasH Holdings Co., Ltd. Dec 2025 Assumed office as Director of Hash DasH Co., Ltd. (current)

1973-05-23

Naoyuki KUBO

Director

Apr 1996 Joined Norinchukin Bank Nov 1999 Joined Japan Real Estate Institute Feb 2014 Joined the Company Jan 2017 Assumed office as Executive Officer and General Manager of Sales Department May 2018 Established Solario Co., Ltd.; assumed office as Representative Director, President (current) Mar 2019 Assumed office as Director of the Company (current) Jul 2019 Assumed office as General Manager of Sales Division Jan 2020 Assumed office as Director of Roadster Funding Co., Ltd. Jan 2025 Assumed office as Representative Director, President of Roadster Investments Co., Ltd. (current)

1973-05-15

Takuya KAWABATA

Director, Chief Financial Officer and General Manager of Finance and Accounting Division

Dec 2007 Joined Ernst & Young ShinNihon LLC Sep 2016 Joined the Company Jan 2019 Assumed office as Executive Officer, Chief Financial Officer and General Manager of Finance and Accounting Department Oct 2019 Established Riverfield Co., Ltd.; assumed office as Representative Director, President (current) Mar 2021 Assumed office as Director, Chief Financial Officer and General Manager of Finance and Accounting Division of the Company (current) Sep 2021 Assumed office as Director and General Manager of Administration Division of the Company Sep 2021 Assumed office as Director of Roadster Investments Co., Ltd. (current) Dec 2025 Assumed office as Director of Hash DasH Holdings Co., Ltd. (current)

1983-04-08

Yuki YOSHIDA

Director, General Manager of Sales Division

Apr 2010 Joined Mitsubishi UFJ Trust and Banking Corporation Nov 2019 Joined the Company Jan 2024 Assumed office as Executive Officer and General Manager of Sales Department Jan 2025 Assumed office as Executive Officer, General Manager of Sales Division and General Manager of Sales Department Jan 2026 Assumed office as Executive Officer and General Manager of Sales Division Mar 2026 Assumed office as Representative Director, President of Hash DasH Holdings Co., Ltd. (current) (Note 8) Mar 2026 Assumed office as Director and General Manager of Sales Division of the Company (current)

1987-06-10

Hiroshi TANAKA

Full-time Audit & Supervisory Board Member

Jul 1987 Joined Nippon Landic Co., Ltd. May 1999 Established Land Building Management Co., Ltd.; assumed office as Managing Director Jan 2001 Transferred to Jones Lang LaSalle Co., Ltd. following the transfer and business integration of Land Building Management Co., Ltd. Jun 2012 Joined Seibu Real Estate Building Management Co., Ltd. Jun 2013 Established Eternal Capital Co., Ltd.; assumed office as Representative Director, President Apr 2014 Assumed office as Representative Director, President of MKK Consulting Co., Ltd. Mar 2015 Assumed office as Audit & Supervisory Board Member of the Company (current) Aug 2019 Assumed office as Audit & Supervisory Board Member of Roadster Investments Co., Ltd. (current)

1952-05-08

Yoshiaki UENO

Audit & Supervisory Board Member

Apr 1993 Joined Azusa Audit LLC Mar 2003 Joined SBI Shinsei Bank Jul 2013 Joined Australia and New Zealand Banking Group Limited Mar 2016 Assumed office as Audit & Supervisory Board Member of the Company (current) Sep 2017 Joined Seven Seas Advisors Co., Ltd. (current) May 2019 Assumed office as Outside Audit & Supervisory Board Member of Visasq Inc. May 2022 Assumed office as Outside Director (Audit and Supervisory Committee Member) of Visasq Inc. (current) Sep 2022 Assumed office as Outside Audit & Supervisory Board Member of atama plus Inc.

1970-03-16

Hideo WANAMI

Director

Apr 1980 Joined Tokyo Regional Taxation Bureau Jul 2005 Assumed office as Professor, National Tax College Jul 2007 Assumed office as Special National Tax Investigator, Investigation Division I, Tokyo Regional Taxation Bureau Aug 2008 Registered as Certified Tax Accountant Sep 2008 Assumed office as Senior Advisor, Taiyo Grant Thornton Tax Corporation Jul 2009 Joined PwC Tax Corporation Apr 2014 Joined AlixPartners Asia LLC Jan 2015 Assumed office as Senior Advisor of AlixPartners Asia LLC Mar 2018 Assumed office as Director of the Company (current)

1952-05-08

Jun ONISHI

Director

Apr 1996 Joined Japan Real Estate Institute Jan 2011 Joined Aruto Law & Economics Office; established Aruto Real Estate Appraisal Office and assumed office as Head of Office Feb 2012 Joined Ichigaya Ekimae Law Office (Aruto Real Estate Appraisal Office renamed Ichigaya Ekimae Real Estate Appraisal Office) Nov 2013 Established Onishi Tokyo Law and Real Estate Appraisal Office; assumed office as Head of Office (current) (Ichigaya Ekimae Real Estate Appraisal Office integrated into this office under a single trade name) Mar 2019 Assumed office as Director of the Company (current)

1973-04-28

Mayumi FUNAKI

Director

Apr 2001 Joined Media Busters Inc. Apr 2003 Joined Vector Inc. Sep 2005 Joined Brains Company Inc. Apr 2008 Joined Rakuten, Inc. Apr 2014 Joined Shipood Co., Ltd. Jul 2015 Assumed office as Director of Shipood Co., Ltd. Apr 2016 Assumed office as Representative Director, President of Shipood Co., Ltd. (current) Mar 2021 Assumed office as Director of the Company (current) May 2022 Assumed office as Outside Director of WACUL Inc.

1978-08-06

Ayako KAWAGUCHI

Audit & Supervisory Board Member

Dec 2008 Joined Kudan Sogo Law Office Sep 2016 Joined Northside Law Office Jun 2021 Assumed office as Outside Audit & Supervisory Board Member of atama plus Inc. (current) May 2022 Joined Hifumi Sogo Law Office (current) Mar 2024 Assumed office as Audit & Supervisory Board Member of the Company (current)

1980-08-18

Large Shareholding Reports

Tatsushi IWANO

2026-07-13

15.76%→19.55%

Annual report (as of 2026-06-30): 20.32%

Sumitomo Mitsui DS Asset Management Company, Limited

2026-07-06

5.03%→6.05%

Sumitomo Mitsui DS Asset Management Company, Limited

2025-12-04

5.03%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-06

Q2 Earnings Flash

FY ending Dec 2026

Loadstar Capital K.K.

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Loadstar Capital K.K.

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