Overview
Real Estate

Azplanning Co.,Ltd.

AS Planning & Design Co., Ltd. is a Tokyo-based real estate company operating across three core segments: real estate sales (acquisition and value-add resale of income-producing properties), real estate leasing (master lease and sublease of underutilized properties including storage spaces, parking lots, and minpaku facilities), and real estate management (property and tenant management, brokerage, and renovation/reform services). The company specializes in revitalizing underperforming or vacant properties—primarily in central Tokyo and the greater Tokyo metropolitan area (one metropolis, three prefectures)—through leasing, renovation, and operational improvement. Its competitive strength lies in an integrated, end-to-end real estate value chain from acquisition and repositioning to management and sales, targeting real estate investors and property owners seeking occupancy and yield improvement.

Market Cap
¥4.66B
US$29.7M
EV
¥10.1B
US$64.1M
Stock¥3,065▼-0.33%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.8
x
LTM EV/EBIT
8.0
x
LTM PER
7.8
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-11.9%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
4.66BUS$29.7MMarket Cap11.5BUS$73.2M+ Debt6.06BUS$38.7M− Cash0.03BUS$0.19M− Inv. Sec.10.1BUS$64.1MEV
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Performance & Balance
Revenue 5Y (¥B)
9.59US$61.2M'22/29.37US$59.8M'23/211.5US$73.4M'24/212.4US$79.3M'25/213.5US$86.4M'26/2
EBITDA 5Y (¥B)
0.43US$2.72M'22/20.52US$3.30M'23/20.72US$4.56M'24/21.01US$6.44M'25/20.81US$5.15M'26/2
Net Income 5Y (¥B)
-0.53-US$3.35M'22/20.49US$3.14M'23/20.62US$3.95M'24/20.46US$2.94M'25/20.29US$1.87M'26/2
Capital Structure
28%
72%
EquityD/E 2.62xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.61US$16.7M2.29US$14.6M'22/23.56US$22.7M6.36US$40.5M'23/23.94US$25.1M6.71US$42.8M'24/24.40US$28.1M9.26US$59.0M'25/25.15US$32.8M9.61US$61.3M'26/2
Shareholders
Top 10 hold 54.2%
1
Toshihito MATSUMOTO
35.76%
2
HITOPLAN Co., Ltd.
13.15%
3
Eiichi WAKITA
1.13%
4
Naoya KIHARA
1.08%
5
Goshi NIINUMA
0.80%
6
Makoto OBI
0.59%
7
Hidenobu KON
0.53%
8
Hiroyuki SHIMAZAKI
0.40%
9
Mitsuhiro SATO
0.39%
10
Takashi KAYANO
0.33%
Management
8 officers
Toshihito MATSUMOTO
Representative Director, President and Executive Officer
May 1993 Representative Director, President of the Company May 2023 Representative Director, President and Executive Officer of the Company (current) Sep 2025 Representative Director of Fuji Home Co., Ltd. (current)
1960-04-09
Miyuki MEGUMI
Director, Executive Officer, General Manager of Real Estate Sales Division
Apr 1994 Joined Okura Construction Co., Ltd. (now Okura Co., Ltd.) Dec 2000 Joined A.D. Works Co., Ltd. Apr 2009 General Manager, Real Estate Investment Business Department, A.D. Works Co., Ltd. May 2020 Joined the Company; General Manager, Second Investment Planning Department, Investment Planning Division Jul 2021 Director of the Company; General Manager, Real Estate Sales Department May 2023 Director, Executive Officer, General Manager, Real Estate Sales Department of the Company Mar 2025 Director, Executive Officer, General Manager of Real Estate Sales Division of the Company (current)
1971-06-09
Makoto OBI
Director, Executive Officer, General Manager of Administration Department
Dec 2001 Joined Fujiki Shoten Ltd. Apr 2004 Joined the Company Mar 2008 Director, General Manager of Administration Department of the Company May 2024 Senior Managing Executive Officer, General Manager of Administration Department of the Company May 2025 Director, Executive Officer, General Manager of Administration Department of the Company (current)
1977-11-23
Seiko ISO
Director (Full-time Audit and Supervisory Committee Member)
Apr 1983 Joined The Taiyo Kobe Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Jun 2009 Joined the Company Mar 2017 Deputy General Manager, Personnel and General Affairs Group, Administration Department of the Company Oct 2020 Deputy General Manager, Compliance Office of the Company Feb 2023 General Manager, Compliance Office of the Company (current) May 2026 Director (Audit and Supervisory Committee Member) of the Company (current)
1964-10-20
Yuki OMORI
Director, Executive Officer, General Manager, First Sales Department, Real Estate Sales Division
Apr 2016 Joined the Company Apr 2020 Deputy General Manager, Planning and Development Department of the Company Aug 2025 Department Manager in charge, Second Sales Department, Real Estate Sales Division of the Company Mar 2026 Executive Officer, General Manager, First Sales Department, Real Estate Sales Division of the Company (current) May 2026 Director, Executive Officer, General Manager, First Sales Department, Real Estate Sales Division of the Company (current)
1994-02-25
Toru OYAMA
Director (Audit and Supervisory Committee Member)
Apr 1991 Joined Yamaichi Securities Co., Ltd. Oct 1997 Joined Kanhai Co., Ltd. (now Captye Inc.) Apr 1998 Joined Fuji Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Mar 2001 Joined HSBC Securities (Japan) Ltd., Tokyo Branch Feb 2002 Became independent as a listed-company consultant Jul 2003 Established Trustee Consulting Ltd. (now Seiren Ltd.); Representative Director (current) Oct 2003 Outside Audit & Supervisory Board Member, Wintest Co., Ltd. Jun 2004 Outside Corporate Auditor, Fintech Global Co., Ltd. Apr 2005 Established Trustee Consulting Co., Ltd.; Representative Director (current) Jan 2007 Outside Corporate Auditor, FX Online Japan Co., Ltd. (now IG Securities Co., Ltd.) (current) Jan 2008 Outside Corporate Auditor, R.A.G. Co., Ltd. Sep 2008 Corporate Auditor, Beauty Kadan Co., Ltd. Apr 2013 Outside Corporate Auditor, Fintech Global Co., Ltd. Jun 2014 Outside Corporate Auditor, Iore Co., Ltd. (current) Oct 2015 Director (Audit and Supervisory Committee Member), Wintest Co., Ltd. May 2016 Corporate Auditor of the Company Jan 2018 Director (Audit and Supervisory Committee Member), R.A.G. Co., Ltd. Dec 2019 Director (Audit and Supervisory Committee Member), Fintech Global Co., Ltd. (current) May 2022 Director (Audit and Supervisory Committee Member) of the Company (current) Jan 2024 Outside Director, Japan M&A Solutions Co., Ltd. Jan 2025 Director (Audit and Supervisory Committee Member), Japan M&A Solutions Co., Ltd. (current) Feb 2026 Outside Director, FP Partners Co., Ltd. (current)
1967-08-24
Yurie MATSUBARA
Director (Audit and Supervisory Committee Member)
Sep 2007 Registered as attorney-at-law Oct 2007 Joined Bell Law Office (Attorney Corporation) Dec 2011 Joined Tokyo Yaesu Law Office Apr 2013 Vice Chairperson, Legal Consultation Center Operating Committee, Tokyo Bar Association May 2016 Co-founded Hatai & Matsubara Law Office (now Sky Arc Law Office); Co-Representative (current) Aug 2019 Outside Corporate Auditor, M.I.T. Holdings Co., Ltd. (now Beauty Sharing Technologies Co., Ltd.) (current) Sep 2021 Dispute Resolution Commissioner, Tokyo Bar Association (current) Nov 2023 Building Dispute Mediation Committee Member, Itabashi Ward (current) May 2024 Director (Audit and Supervisory Committee Member) of the Company (current)
1975-11-18
Ken IIZUKA
Director (Audit and Supervisory Committee Member)
Dec 2005 Joined Shin Nihon & Co. (now EY ShinNihon LLC) Jun 2015 Director and CFO, Kudan Inc. Jun 2015 Representative Director, Kudan Vision Inc. (current) Apr 2022 Director, Carbonfly Inc. (current) Jun 2023 Director, AddElm Technology Inc. (current) Jul 2023 Director and CFO, LogNote Inc. (current) May 2024 Director (Audit and Supervisory Committee Member) of the Company (current)
1980-11-03
Large Shareholding Reports
Macquarie Bank Limited
2026-09-01
19.86%→16.36%
Macquarie Bank Limited
2026-08-06
19.86%
Toshihito MATSUMOTO
2026-07-23
34.15%→34.15%
Annual report (as of 2026-08-31): 35.76%
Toshihito MATSUMOTO
2026-07-13
35.54%→34.15%
Annual report (as of 2026-08-31): 35.76%
Toshihito MATSUMOTO
2025-10-27
38.59%→35.54%
Annual report (as of 2026-08-31): 35.76%
Toshihito MATSUMOTO
2025-10-27
40.68%→38.59%
Annual report (as of 2026-08-31): 35.76%
Mita Securities Co., Ltd.
2025-09-05
5.56%→3.69%
Mita Securities Co., Ltd.
2025-08-22
7.19%→5.56%
Mita Securities Co., Ltd.
2025-08-07
8.41%→7.19%
Toshihito MATSUMOTO
2025-07-31
36.06%→40.68%
Annual report (as of 2026-08-31): 35.76%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-09
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-08
Q2 Earnings Flash
FY ending Feb 2027
EDINET
2026-09-01
Large Shareholding Report
EDINET
2026-08-06
Large Shareholding Report
EDINET
2026-07-23
Large Shareholding Report
EDINETAmended
2026-07-14
Amended Securities Registration Statement
EDINET
2026-07-13
Large Shareholding Report
EDINET
2026-07-08
Securities Registration Statement
TDnet
2026-07-08
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-27
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-09
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-27
Large Shareholding Report
EDINET
2025-10-27
Large Shareholding Report
EDINETAmended
2025-10-14
Amended Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINET
2025-10-09
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINET
2025-09-05
Large Shareholding Report
EDINET
2025-08-22
Large Shareholding Report
EDINET
2025-08-07
Large Shareholding Report
EDINETAmended
2025-07-31
Change Report
TDnet
2025-07-09
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-28
Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINETAmended
2025-05-01
Amended Securities Registration Statement
EDINET
2025-04-21
Securities Registration Statement
TDnet
2025-01-10
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-10
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-07-11
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-30
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-15
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-11
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
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