Overview
Real Estate

Innovation Holdings CO.,LTD.

Innovation Holdings Co., Ltd. is a holding company primarily engaged in commercial property sublease (tenant-lease) and real estate sales businesses in Tokyo, operating through three consolidated subsidiaries. Its core subsidiary, Tempo Innovation Co., Ltd., leases restaurant and retail store properties from property owners and subleases them to tenants, specializing in 'skeleton' (fitted-out) properties that reduce tenants' upfront fit-out costs. The group also operates a commercial rent guarantee business through Safety Innovation Co., Ltd. and a real estate trading business through Asset Innovation Co., Ltd., supported by proprietary web platforms including 'Inuki Tenpo.com' (a fitted-out property listing site with over 107,000 registered members) and 'Tenpo Kaitori.com'.

Market Cap
¥20.2B
US$129M
EV
¥16.6B
US$106M
Stock¥1,202▼-1.80%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.5
x
LTM EV/EBIT
8.7
x
LTM PER
16.3
x
LTM PBR
4.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-9.7%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Apr 1, 26Market section change to Standard related
MC → EV Bridge
20.2BUS$129MMarket Cap1.41BUS$8.98M+ Debt5.05BUS$32.2M− Cash0.00BUS$0.00M− Inv. Sec.0.02BUS$0.11M+ NCI16.6BUS$106MEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
11.4US$72.8M'22/313.1US$83.4M'23/314.3US$91.0M'24/316.7US$106M'25/320.0US$128M'26/3
EBITDA 5Y (¥B)
0.95US$6.05M'22/31.25US$7.96M'23/31.02US$6.53M'24/31.44US$9.16M'25/32.08US$13.3M'26/3
Net Income 5Y (¥B)
0.66US$4.22M'22/30.89US$5.64M'23/30.67US$4.25M'24/31.03US$6.56M'25/31.36US$8.64M'26/3
Capital Structure
77%
23%
EquityD/E 0.30xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
3.47US$22.1M'22/33.50US$22.3M'23/33.33US$21.2M'24/34.28US$27.3M0.10US$0.66M'25/35.79US$36.9M0.55US$3.49M'26/3
Shareholders
Top 10 hold 68.2%
1
CROPS CORPORATION
59.72%
2
UNION BANCAIRE PRIVEE (Standing Proxy: MUFG Bank, Ltd.)
4.66%
3
Yohei SHIMURA
1.51%
4
Yasuo HARA
0.59%
5
Innovation Holdings CO.,LTD. Employee Stock Ownership Association
0.52%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
0.31%
7
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
0.23%
8
Yujun MORIYAMA
0.22%
9
Yuji KONDO
0.20%
10
Kentaro MAMIYA
0.20%
Management
9 officers
Yasuo HARA
Representative Director, President
Nov 2005 Joined Rainz International Co., Ltd.; seconded to former Tenpo Renovation Co., Ltd. May 2008 Director, Sales Division, the Company Oct 2009 Director; in charge of Web Sales and Planning Sales Divisions; General Manager, Web Sales Division Jan 2010 Director; in charge of Business Start-up Support Sales Division Jun 2011 Representative Director, President; General Manager, Business Start-up Support Sales Division Oct 2015 Representative Director, President (current)
1964-12-25
Yohei SHIMURA
Senior Managing Director; in charge of Management Division; General Manager, Management Division
Apr 2001 Joined Rainz International Co., Ltd. Apr 2005 Director, former Tenpo Renovation Co., Ltd. Nov 2007 Director, Administration Division Manager, the Company Jun 2011 Managing Director; in charge of Administration Division; General Manager, Administration Division Jun 2016 Managing Director; in charge of Management Division; General Manager, Management Division Apr 2019 Senior Managing Director; in charge of Management Division Oct 2023 Senior Managing Director; in charge of Management Division; General Manager, Management Division (current) Feb 2024 Director, Safety Innovation Co., Ltd. (current) Feb 2024 Director, Asset Innovation Co., Ltd. (current) Feb 2024 Director, Tenpo Innovation Co., Ltd. (formerly Tenpo Innovation Spin-off Preparatory Company) (current)
1977-08-20
Manabu TOJO
Managing Director
Jul 2008 Joined Telewave Links Co., Ltd.; seconded to the Company Oct 2008 Transferred to the Company Oct 2015 General Manager, Sales Division, the Company Jun 2016 Director; in charge of Sales and Sales Promotion Divisions Apr 2019 Managing Director; in charge of Sales and Property Management Divisions Jun 2019 Managing Director; in charge of Store Sublease Business Division; General Manager, Store Sublease Business Division Feb 2024 Representative Director, Safety Innovation Co., Ltd. (current) Apr 2024 Managing Director, the Company (current)
1980-05-10
Manabu KITAZAWA
Director
Jul 2005 Joined Rainz International Co., Ltd.; seconded to former Tenpo Renovation Co., Ltd. Jan 2008 Seconded to the Company May 2008 Joined Telewave Links Co., Ltd.; seconded to the Company Oct 2008 Transferred to the Company Oct 2009 General Manager, Planning Sales Division, the Company Jan 2010 General Manager, Business Start-up Support Sales Division, the Company Jun 2017 Director; General Manager, Business Planning Office, the Company Feb 2024 Representative Director, Asset Innovation Co., Ltd. (current) Oct 2024 Director, the Company (current)
1981-01-25
Yuji KONDO
Director
Feb 2009 Joined the Company Aug 2014 Deputy General Manager, Sales Division, the Company Apr 2018 General Manager, Sales Division, the Company Jun 2019 Director; General Manager, Store Sublease Second Division, the Company Oct 2022 General Manager, Sales Headquarters, Store Sublease Business Division, the Company Feb 2024 Representative Director, Tenpo Innovation Co., Ltd. (formerly Tenpo Innovation Spin-off Preparatory Company) (current) Apr 2024 Director; in charge of Store Sublease Business Division; General Manager, Store Sublease Business Division, the Company Oct 2024 Director, the Company (current)
1981-10-02
Yuki MAEDA
Director
Apr 2011 Joined Isuzu Motors Ltd. Apr 2015 Joined Crops Co., Ltd. Jun 2018 Director, Crops Co., Ltd. Apr 2019 Managing Director, Crops Co., Ltd. Jun 2019 Director, the Company (current) Apr 2021 Representative Director, President, Crops Co., Ltd. Jun 2022 Representative Director, President and Executive Officer, Crops Co., Ltd. (current)
1985-05-20
Makoto KAWAHARA
Director, Audit and Supervisory Committee Member
Apr 1979 Joined Isuzu Motors Ltd. Feb 2009 Executive Officer, Isuzu Motors Ltd. Apr 2013 Managing Executive Officer, Isuzu Motors Ltd. Jun 2014 Director, Managing Executive Officer, Isuzu Motors Ltd. Apr 2015 Director, Senior Managing Executive Officer, Isuzu Motors Ltd. Apr 2019 Chairman and Representative Director, Isuzu Motors Shuto-ken Co., Ltd. Apr 2022 Senior Advisor, Isuzu Motors Shuto-ken Co., Ltd. Oct 2022 Advisor, the Company Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current) Feb 2024 Director, Asset Innovation Co., Ltd. (current)
1956-12-12
Rie AOYAMA
Director, Audit and Supervisory Committee Member
Oct 2003 Joined Chuo Aoyama Audit Corporation Sep 2006 Joined Arata Audit Corporation (currently PwC Japan LLC) Aug 2009 Joined PricewaterhouseCoopers Tax Corporation (currently PwC Tax Corporation) Jan 2016 Joined Kezuka Accounting Office; Deputy Head of Office Jun 2016 Audit and Supervisory Board Member, the Company Jun 2019 Director, Audit and Supervisory Committee Member, the Company (current) Apr 2022 Outside Director, Showa Aircraft Industry Co., Ltd. (resigned Feb 2026) Jan 2026 Head, Kezuka Accounting Office (current)
1977-10-21
Ibuki TAMA
Director, Audit and Supervisory Committee Member
Sep 2007 Registered as attorney, Daini Tokyo Bar Association; joined Akebono Sogo Law Office (current) Apr 2017 Audit and Supervisory Board Member, the Company Jun 2019 Director, Audit and Supervisory Committee Member, the Company (current) Outside Audit and Supervisory Board Member, Fuji Foods Co., Ltd. (current)
1971-02-25
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-16
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-18
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-18
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-20
Securities Registration Statement
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-14
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-15
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-16
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →