Overview
Real Estate

Koryojyuhan Co.,Ltd.

Koryo Juuhan is a regional real estate company operating primarily in Ibaraki, Chiba, and Tokyo prefectures, offering brokerage (rental and sales), property management, and real estate sales services. The company develops and sells its own branded investment rental properties under the 'Lehgabene' series, and manages a full-service property management platform including rent collection, lease renewals, maintenance, and tenant management through its subsidiary Just Service Co., Ltd. Additional revenue streams include sublease rental income, coin parking operations, and solar power generation sales.

Market Cap
¥6.02B
US$38.4M
EV
¥8.11B
US$51.7M
Stock¥2,180▼-0.91%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.9
x
LTM EV/EBIT
7.6
x
LTM PER
6.3
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-34.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 13, 26Profit-taking and market adjustment decline
MC → EV Bridge
6.02BUS$38.4MMarket Cap5.38BUS$34.3M+ Debt2.99BUS$19.1M− Cash0.30BUS$1.91M− Inv. Sec.8.11BUS$51.7MEV
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Performance & Balance
Revenue 5Y (¥B)
7.80US$49.7M'21/98.71US$55.6M'22/99.32US$59.5M'23/910.0US$64.0M'24/911.5US$73.5M'25/9
EBITDA 5Y (¥B)
0.86US$5.49M'21/91.06US$6.76M'22/91.19US$7.61M'23/91.31US$8.34M'24/91.37US$8.72M'25/9
Net Income 5Y (¥B)
0.41US$2.59M'21/90.49US$3.14M'22/90.65US$4.16M'23/90.72US$4.60M'24/91.02US$6.47M'25/9
Capital Structure
56%
44%
EquityD/E 0.78xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.14US$13.6M3.24US$20.6M'21/91.94US$12.4M4.35US$27.8M'22/92.04US$13.0M5.97US$38.1M'23/92.40US$15.3M7.25US$46.2M'24/92.53US$16.1M7.51US$47.9M'25/9
Shareholders
Top 10 hold 63.8%
1
Muneaki USUI
33.63%
2
Toshimichi SUGAWARA
7.70%
3
Fractal Business Co., Ltd.
5.07%
4
ISG Co., Ltd.
3.79%
5
Kanpro Co., Ltd.
3.69%
6
Hiroshi KADOTA
2.47%
7
Mito Shinkin Bank
2.31%
8
Tetsuhiro KANEKO
2.04%
9
Mito Securities Co.,Ltd.
1.64%
10
Koryojyuhan Co.,Ltd. Employee Stock Ownership Association
1.47%
Management
11 officers
Muneaki USUI
Representative Director, Chairman
Oct 1981 Established the Company Dec 2023 Representative Director, Chairman of the Company (current)
1951-05-14
Tetsuhiro KANEKO
Representative Director, President
Jun 1998 Joined the Company Oct 2006 Second Block Manager of the Company Oct 2007 Director, Division General Manager of the Company Oct 2016 Managing Director of the Company Apr 2017 Managing Director, General Manager of First Sales Division Dec 2018 Managing Director, General Manager of First and Second Sales Divisions Oct 2020 Managing Director, General Manager of First, Second and Third Sales Divisions Dec 2020 Managing Director, General Manager of First and Third Sales Divisions Oct 2022 Managing Director, General Manager of First and Fourth Sales Divisions Dec 2022 Managing Director, General Manager of First Sales Division Oct 2023 Managing Director, General Manager of Third Sales Division and PM Business Division Dec 2023 Representative Director, President of the Company (current)
1975-04-16
Toshimichi SUGAWARA
Senior Managing Director, General Manager of First Sales Division
Apr 1987 Joined the Company Nov 1990 Director of the Company Oct 1995 Managing Director of the Company Dec 1999 Representative Director, Just Service Co., Ltd. Oct 2003 Senior Managing Director of the Company Dec 2023 Senior Managing Director, General Manager of PM Business Division of the Company Oct 2025 Senior Managing Director, General Manager of First Sales Division of the Company (current) Dec 2025 Director, Just Service Co., Ltd. (current)
1950-12-18
Harumi KAMINAGA
Director, General Manager of Third Sales Division
Mar 1997 Joined the Company Oct 2012 Tsukuba Kenkyu Gakuen Branch Manager of the Company Oct 2016 Executive Officer, Kennan Block General Branch Manager of the Company May 2018 Director, General Manager of Fourth Sales Division of the Company Oct 2022 Director, General Manager of Third Sales Division of the Company Oct 2023 Director, General Manager of First Sales Division of the Company Oct 2024 Director, General Manager of Third Sales Division of the Company (current)
1963-12-20
Daisuke NAKANO
Director, General Manager of Financial Management Division
Oct 1999 Joined the Company Oct 2016 General Manager of Corporate Planning Department of the Company Apr 2017 Executive Officer, General Manager of Management Administration Department of the Company May 2018 Director, General Manager of Management Administration Division of the Company Oct 2025 Director, General Manager of Financial Management Division of the Company (current)
1970-11-09
Susumu SUNO
Director, General Manager of Second Sales Division
Feb 2003 Joined the Company Oct 2007 Manager of Ueno Station Front Store of the Company (currently Tokyo Branch) Oct 2012 Manager of Ueno Station Front Branch of the Company (currently Tokyo Branch) Oct 2016 Executive Officer, Tokyo Block General Branch Manager of the Company Apr 2017 Executive Officer, General Manager of Tokyo Branch of the Company Dec 2020 Director, General Manager of Second Sales Division of the Company (current)
1979-11-29
Yoshito NARUO
Director, General Manager of Management Strategy Division
Dec 2012 Joined the Company Oct 2016 Manager of Ichige Branch of the Company Oct 2018 General Manager of Head Office Sales Department of the Company Oct 2020 Hitachinaka Block Manager of the Company Oct 2021 Executive Officer, General Manager of Solutions Business Division of the Company Oct 2023 Executive Officer, Deputy General Manager of Third Sales Division of the Company Dec 2023 Director, General Manager of Third Sales Division of the Company Oct 2024 Director, General Manager of First Sales Division of the Company Oct 2025 Director, General Manager of Management Strategy Division of the Company (current)
1978-12-10
Yoshihiro KIMURA
Full-time Audit and Supervisory Board Member
Apr 1978 Joined Mito Shinkin Bank Mar 2020 Joined the Company Mar 2020 Seconded to a subsidiary of the Company Oct 2020 Internal Audit Office of the Company Feb 2021 General Affairs & Personnel Section, Management Administration Division of the Company Oct 2021 Internal Audit Office of the Company Mar 2023 Audit and Supervisory Board Member of the Company (current)
1960-02-09
Masayuki KATO
Director
Dec 1992 Joined Chuo Audit Corporation (now PwC Japan LLC) Dec 1995 Joined Asahi Audit Corporation (now Azusa Audit LLC) Jul 2012 Partner, Azusa Audit LLC Apr 2017 Representative Director, Karukosaka Partners Co., Ltd. (current) Apr 2017 Chief Representative Partner, Ibaraki Tax Accountants Corporation (current) May 2018 Director of the Company (current) Aug 2023 Partner, Izumi Audit Corporation (current)
1964-07-04
Mitsutoshi HOSHIDE
Audit and Supervisory Board Member
Dec 2007 Joined Arai & Oguchi Law Office (now Arai, Oguchi & Hoshide Law Office) (current) Apr 2017 Audit and Supervisory Board Member of the Company (current)
1973-06-25
Yuji KURATANI
Audit and Supervisory Board Member
Dec 2006 Joined Azusa Audit LLC Jul 2019 Joined Kōa Audit Corporation (current) Dec 2019 Audit and Supervisory Board Member of the Company (current)
1978-09-13
Large Shareholding Reports
Muneaki USUI
2026-05-20
34.04%→29.32%
Annual report (as of 2026-03-31): 33.63%
Fractal Business Co., Ltd.
2026-02-16
5.70%→5.66%
Annual report (as of 2026-03-31): 5.07%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q3 Earnings Flash
FY ending Sep 2026
EDINETAmended
2026-05-22
Amended Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
EDINET
2026-05-20
Large Shareholding Report
EDINET
2026-05-15
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
EDINET
2026-02-16
Large Shareholding Report
TDnet
2026-02-13
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-24
Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-08-08
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-15
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-13
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-25
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-27
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-23
Annual Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINETAmended
2022-03-07
Amended Quarterly Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-12-27
Annual Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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