Overview
Retail Trade

RenetJapanGroup,Inc.

Linect Japan Group operates two core segments: a Reuse & Recycling business, conducted under the NETOFF brand, which provides internet-based door-to-door purchasing and resale of second-hand books, CDs, DVDs, games, branded goods, and small consumer electronics via its certified small home appliance recycling platform; and a Social Care business, which operates group homes and employment support facilities for people with intellectual and psychiatric disabilities, while also facilitating the placement of overseas human resources specialized in the welfare sector. The company leverages its e-commerce infrastructure and social mission to build a circular economy model while addressing Japan's caregiving labor shortage.

Market Cap
¥14.8B
US$94.2M
EV
¥19.0B
US$121M
Stock¥1,005▲+9.72%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
13.7
x
LTM EV/EBIT
17.1
x
LTM PER
18.6
x
LTM PBR
9.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-19.6%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 20, 26Capital/business alliance with SGHD, JX Metals, PCS Wireless; ¥5.45bn third-party allotment
2Oct 21, 26Capital/business alliance with JX Metals, SG Holdings, PCS Wireless via ¥5.45bn third-party share allotment
MC → EV Bridge
14.8BUS$94.2MMarket Cap7.25BUS$46.2M+ Debt2.99BUS$19.1M− Cash0.15BUS$0.93M− Inv. Sec.0.10BUS$0.61M+ NCI19.0BUS$121MEV
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Performance & Balance
Revenue 5Y (¥B)
7.75US$49.4M'21/98.59US$54.8M'22/911.1US$70.5M'23/910.7US$68.4M'24/910.4US$66.4M'25/9
EBITDA 5Y (¥B)
0.66US$4.20M'21/90.66US$4.22M'22/90.31US$2.00M'23/9-0.96-US$6.11M'24/90.55US$3.48M'25/9
Net Income 5Y (¥B)
0.20US$1.28M'21/90.50US$3.19M'22/9-0.35-US$2.24M'23/9-1.88-US$12.0M'24/90.50US$3.17M'25/9
Capital Structure
82%
EquityD/E 4.58xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.88US$12.0M5.30US$33.8M'21/91.61US$10.3M6.21US$39.6M'22/92.24US$14.3M10.9US$69.3M'23/90.99US$6.28M6.53US$41.7M'24/90.46US$2.91M4.71US$30.0M'25/9
Shareholders
Top 10 hold 52.8%
1
Takeshi KURODA
21.44%
2
TK Corporation LLC
9.55%
3
M Corporation Co., Ltd.
4.19%
4
Keisuke HIKIJI
3.69%
5
BNP PARIBAS LONDON BRANCH FOR PRIME BROKERAGE CLEARANCE ACC FOR THIRD PARTY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
3.39%
6
Shinto Tsushin Co., Ltd.
2.79%
7
Hiroto ATSUMI
2.40%
8
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; MUFG Bank, Ltd.)
1.98%
9
Stitch Co., Ltd.
1.94%
10
Rakuten Securities, Inc. (Joint Account)
1.42%
Management
6 officers
Takeshi KURODA
Representative Director, President, Group CEO
Apr 1989 Joined Toyota Motor Corporation Jul 2000 Established the Company; Representative Director, President (current) Mar 2013 Established Re-Net Japan Co., Ltd. (now Re-Net Japan Recycle Co., Ltd.); Representative Director (current) Nov 2020 Established Netoff Co., Ltd.; Representative Director (current) Jul 2022 Established Re-Net Japan Global Staff Co., Ltd. (now Re-Net Japan Social Properties Co., Ltd.); Representative Director (current) Dec 2023 Outside Director, MTG Co., Ltd. (current) Oct 2024 Director, RJ Social Care Group Co., Ltd. (current)
1965-11-05
Yoshitaka TAKAHASHI
Director
Apr 1990 Joined Andersen Consulting Mar 1994 Joined GFC Co., Ltd. Apr 1999 Started business as an individual management consultant (current) Aug 2008 Outside Director, the Company (current)
1965-05-31
Masato TAKAHASHI
Director
Apr 1982 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Sep 2007 Joined Rakuten, Inc. (now Rakuten Group, Inc.) Oct 2011 Managing Executive Officer, Rakuten, Inc. Jun 2013 Outside Director, LIFULL Co., Ltd. Mar 2021 Outside Director, Addish Co., Ltd. (current) Jun 2022 Outside Director, Will Group, Inc. (current) May 2023 Outside Director, property technologies Co., Ltd. (current) Dec 2025 Outside Director, the Company (current)
1959-04-24
Takehisa ONODA
Director, Full-time Audit and Supervisory Committee Member
Apr 1990 Joined Inoac Corporation Sep 2008 Joined the Company; Executive Officer, Administration Division Dec 2011 Auditor, Netoff Social Co., Ltd. (current) Dec 2020 General Manager, Accounting Department, Administration Division, the Company Dec 2021 General Manager, Internal Audit Office, the Company (current) Feb 2022 Auditor, Netoff Co., Ltd. (current) Dec 2023 Auditor, Re-Net Japan Social Properties Co., Ltd. (current) Dec 2024 Director, Full-time Audit and Supervisory Committee Member, the Company (current)
1967-11-19
Haruto HARA
Director, Audit and Supervisory Committee Member
Oct 1992 Joined Azsa LLC (formerly Asahi Audit Corporation) Apr 1997 Registered as a Certified Public Accountant Jul 2000 Director, General Manager of Administration and Head of Corporate Planning Office, I-tit Co., Ltd. Aug 2001 Joined Intelaset Co., Ltd.; Head of President's Office Sep 2004 Director, Intelaset Co., Ltd. Oct 2004 Director, Avex Management Service Co., Ltd. Sep 2005 Joined Toyo Shinyaku Co., Ltd.; General Manager, Corporate Planning Department and General Manager, Administration Division Oct 2007 Established Agel Consulting Co., Ltd.; Director (current) Feb 2008 Auditor, I-Style Co., Ltd. (current) Aug 2008 Director, Space Vision Co., Ltd. Dec 2013 Outside Auditor, the Company Dec 2021 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1963-05-14
Eiichi NAKAI
Director, Audit and Supervisory Committee Member
Apr 1968 Joined Mitsui & Co., Ltd. Apr 1976 Mitsui & Co. (Deutschland) Ltd. Apr 1985 Seconded to Japan Communications Satellite Co., Ltd. (now SKY Perfect JSAT Corporation); Section Manager, Sales Department Aug 1993 Acting General Manager, Sales Headquarters and General Manager, Sales Planning Department, Japan Communications Satellite Co., Ltd. Dec 1995 Advisor, Aucnet Inc. Mar 1996 Representative Director, Executive Vice President, Aucnet Inc. Jul 1996 President, AUCNET USA INC. Dec 2011 Senior Advisor, Aucnet Inc. Jan 2012 Representative Director, Nakai Business Consultant Co., Ltd. (current) Dec 2014 Outside Auditor, the Company Dec 2021 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1948-05-20
Large Shareholding Reports
TK Corporation LLC
2026-04-10
9.56%→9.55%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 9.55%
Takeshi KURODA
2026-04-03
30.50%→32.91%
Annual report (as of 2026-03-31): 21.44%
Cantor Fitzgerald Europe
2026-03-31
9.73%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-19
Securities Registration Statement
TDnet
2026-08-12
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-13
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
EDINETAmended
2026-04-10
Change Report
EDINET
2026-04-03
Large Shareholding Report
EDINET
2026-03-31
Large Shareholding Report
EDINET
2026-03-12
Securities Registration Statement
TDnet
2026-02-09
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-26
Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-08-14
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-15
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-14
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-23
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINETAmended
2024-08-21
Amended Securities Registration Statement
EDINETAmended
2024-08-20
Amended Securities Registration Statement
EDINET
2024-08-14
Securities Registration Statement
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2024-03-28
Amended Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINETAmended
2024-03-28
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2024-03-28
Amended Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2024-03-28
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-04-03
Securities Registration Statement
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-22
Annual Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
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