Overview
Real Estate

Wealth Management,Inc.

Wealth Management is a value-creation real estate company focused on the revitalization and development of hotels and ryokan across Japan, operating through four core segments: investment, real estate, asset management, and hotel operations. The company leverages Japan's tourism resources and inbound demand to maximize the appeal of regional assets, offering end-to-end services from property acquisition and development to hotel management. Its competitive strengths lie in its integrated platform spanning asset management advisory, real estate investment via anonymous partnerships, and direct hotel operations through subsidiaries including World Brands Collection Hotels & Resorts.

Market Cap
¥20.3B
US$129M
EV
¥66.4B
US$424M
Stock¥1,056▼-0.28%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
288.0
x
LTM EV/EBIT
1748.2
x
LTM PER
NM
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-20.1%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 27, 25Capital alliance with Dai-ichi Life HD
MC → EV Bridge
20.3BUS$129MMarket Cap58.5BUS$373M+ Debt4.53BUS$28.9M− Cash7.84BUS$50.0M− Inv. Sec.0.00BUS$0.02M+ NCI66.4BUS$424MEV
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Performance & Balance
Revenue 5Y (¥B)
29.0US$185M'22/314.8US$94.4M'23/328.6US$183M'24/318.3US$117M'25/315.1US$96.4M'26/3
EBITDA 5Y (¥B)
5.71US$36.4M'22/33.85US$24.6M'23/33.11US$19.9M'24/32.65US$16.9M'25/30.09US$0.55M'26/3
Net Income 5Y (¥B)
3.51US$22.4M'22/33.73US$23.8M'23/31.82US$11.6M'24/31.10US$7.03M'25/3-1.18-US$7.51M'26/3
Capital Structure
23%
77%
EquityD/E 3.39xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
6.44US$41.1M5.37US$34.3M'22/39.43US$60.2M12.7US$81.0M'23/317.2US$110M26.4US$168M'24/313.2US$83.9M27.4US$175M'25/313.6US$86.5M57.7US$368M'26/3
Shareholders
Top 10 hold 62.3%
1
Dai-ichi Life Group Co., Ltd. (formerly Dai-ichi Life Holdings, Inc.)
28.47%
2
Akasaka Shachu Limited Liability Partnership
17.50%
3
Kazutoshi CHINO
8.40%
4
Tomoo METOKI
2.63%
5
Hideaki KOJIMA
1.41%
6
Azabu Shachu Limited Liability Partnership
1.29%
7
Daisuke MIHARA
0.74%
8
Yasushi OKUYAMA
0.73%
9
Akihiro IMADA
0.61%
10
Nomura Securities Co., Ltd.
0.55%
Management
7 officers
Kazutoshi CHINO
Representative Director, President and Executive Officer
Apr 2001 Head of Investment Sales Department, Mitsubishi Estate Investment Advisory Co., Ltd. Apr 2003 Director, the same company Apr 2006 Founded Wealth Management Co., Ltd. (now Richesse Management Co., Ltd.); Representative Director, President Jun 2013 Representative Director, President, the Company Apr 2017 (position not specified in source) Apr 2024 Representative Director and President and Executive Officer, the Company (current) (Date not specified) Chairman of the Board, World Brands Collection Hotels & Resorts Co., Ltd. Apr 2026 Chairman of the Board, Richesse Management Co., Ltd. (current)
1957-12-07
Daisuke MIHARA
Director, Senior Managing Executive Officer
Oct 1998 Joined Tanizawa Sogo Appraisal Co., Ltd. Jul 2006 Lending Department, Unified Partners Co., Ltd. May 2011 Asset Management Department, Wealth Management Co., Ltd. (now Richesse Management Co., Ltd.) Sep 2015 Director, Hotel W Management Co., Ltd. (now World Brands Collection Hotels & Resorts Co., Ltd.) Apr 2017 Executive Officer, the Company Jun 2019 (position not specified in source) Apr 2021 (position not specified in source) Apr 2024 Director, Richesse Management Co., Ltd.; Director, the Company (current) (Date not specified) Managing Executive Officer, the Company (Date not specified) Managing Director, Richesse Management Co., Ltd. (Date not specified) Director, Senior Managing Executive Officer, Richesse Management Co., Ltd. Apr 2026 Senior Managing Executive Officer, the Company (current) (Date not specified) Representative Director, Richesse Management Co., Ltd. (current)
1973-03-05
Morito KADOTA
Director, Executive Officer
Apr 1988 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Jun 2008 Executive Officer, Head of Business Development, Jibun Bank Corporation (now au Jibun Bank Corporation) Sep 2009 Ginza Branch Manager, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (now MUFG Bank, Ltd.) Oct 2011 Meguro Branch Manager, the same bank Oct 2013 Seijo Branch Manager, the same bank Oct 2016 Toranomon Branch Manager, the same bank Oct 2018 General Manager, Human Resources Department and General Affairs Department, the Company Apr 2022 Executive Officer, General Manager, Human Resources Department and General Affairs Department, the Company Feb 2023 Director, World Brands Collection Hotels & Resorts Co., Ltd. (current) Jun 2024 Director, the Company (current) Apr 2025 Executive Officer, General Manager, President's Office, the Company (current)
1965-10-10
Jun CHIKAMOCHI
Director, Full-time Audit and Supervisory Committee Member
Apr 1981 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Apr 2005 Senior Vice President, Capital Markets Division, Lehman Brothers Securities Co., Ltd. Jun 2006 Joined AEON Total Financial Service Co., Ltd. (now AEON Bank, Ltd.) Oct 2007 Director and Executive Officer, General Manager, Finance Division, AEON Bank, Ltd. Sep 2013 Executive Officer, General Manager, Management Administration Division, Mikasa Asset Management Co., Ltd. Mar 2015 Finance and Accounting, Maruhan Corporation Sep 2016 Finance Department, the Company Oct 2016 General Manager, Finance Department and Head of Legal Office, the Company Apr 2017 Executive Officer, General Manager, Corporate Planning Department and Finance Department, the Company Oct 2018 Executive Officer, General Manager, Corporate Planning Department, the Company; Representative Director, Hotel W Management Co., Ltd. (now World Brands Collection Hotels & Resorts Co., Ltd.); Director, Bimatsu Co., Ltd. Nov 2018 Representative Director, Sanyo Kogyo Co., Ltd. Apr 2019 Managing Executive Officer, General Manager, Corporate Planning Department, the Company Dec 2020 Representative Director, Dojima Hotel Operations Co., Ltd. Apr 2021 Senior Managing Executive Officer, General Manager, Corporate Planning Department, the Company Jun 2021 Director, Senior Managing Executive Officer, General Manager, Corporate Planning Department, the Company Apr 2022 Director, Senior Managing Executive Officer, the Company Apr 2023 Director, the Company Jun 2023 Group Executive Officer, the Company Apr 2024 Director, World Brands Collection Hotels & Resorts Co., Ltd. Jun 2024 Director, Full-time Audit and Supervisory Committee Member, the Company (current) (Date not specified) Audit & Supervisory Board Member, Richesse Management Co., Ltd. (current) (Date not specified) Audit & Supervisory Board Member, World Brands Collection Hotels & Resorts Co., Ltd. (current)
1958-07-24
Yoshihito TAKAHAMA
Director, Executive Officer
Apr 1996 Joined Dai-ichi Life Insurance Company, Limited Apr 2017 Chief Financial Officer, DLI Asia Pacific Sep 2019 Deputy President, Dai-ichi Life Myanmar Apr 2024 Deputy President, Dai-ichi Life Vietnam Apr 2026 Deputy General Manager, President's Office, Executive Officer, the Company (current)
1973-05-22
Masaru OTA
Outside Director, Audit and Supervisory Committee Member
Oct 1991 Joined Aoyama Audit Corporation Feb 1997 Joined PwC Consulting Co., Ltd. Apr 1997 Registered as Certified Public Accountant Mar 2001 Joined Sanwa Capital Co., Ltd. (now MUFG Capital Co., Ltd.) Dec 2002 (position not specified in source) Mar 2003 Joined Phoenix Capital Co., Ltd.; Director, the same company Apr 2006 Founded Ascent Partners Co., Ltd.; Representative Director, President (current) Jun 2015 Outside Audit & Supervisory Board Member, Morita Holdings Corporation (current) Jun 2017 (position not specified in source) Dec 2019 (position not specified in source) Jun 2022 Outside Audit & Supervisory Board Member, the Company Dec 2022 Outside Director, Audit and Supervisory Committee Member, the Company (current) (Date not specified) Audit & Supervisory Board Member, CMIC Holdings Co., Ltd.; Outside Director, CMIC Holdings Co., Ltd.
1966-06-08
Yuriko NAKATANI
Outside Director, Audit and Supervisory Committee Member
Dec 2019 Registered as Attorney-at-Law Mar 2020 Opened NY Labor Consultant Office (current) Apr 2020 Joined Amata Law Office Sep 2020 Joined Nexpert Law Office Dec 2020 Secretary (Public Policy), House of Councillors Member Shingo Miyake Jun 2022 Secretary (Public Policy), House of Representatives Member Hidehiro Mitani Mar 2023 Joined Izawa, Kuroi & Abe Law Office Jun 2023 Outside Director, Tama Milky Way Co., Ltd. (current) Jul 2024 Outside Audit & Supervisory Board Member, SHINSEKAI Technologies Co., Ltd. Sep 2024 Outside Director, Audit and Supervisory Committee Member, Abalance Corporation Mar 2025 Full-time Audit & Supervisory Board Member, Mirai Project Co., Ltd. Dec 2025 Full-time Audit & Supervisory Board Member, Digital Lift Co., Ltd. (current) Mar 2026 Opened Yamate Sogo Law Office
1973-06-18
Large Shareholding Reports
Daiichi Life Group Co., Ltd.
2026-04-03
28.46%→28.46%
Kazutoshi CHINO
2026-03-11
27.92%→27.19%
Annual report (as of 2026-03-31): 8.40%
Kazutoshi CHINO
2026-03-09
27.92%→27.19%
Annual report (as of 2026-03-31): 8.40%
Kazutoshi CHINO
2026-03-09
29.85%→27.92%
Annual report (as of 2026-03-31): 8.40%
Samty Co., Ltd.
2025-12-16
28.46%→0.00%
Samty Co., Ltd.
2025-12-08
28.46%→28.46%
Kazutoshi CHINO
2025-10-31
29.85%→27.19%
Annual report (as of 2026-03-31): 8.40%
Samty Co., Ltd.
2025-10-31
28.62%→28.46%
Dai-ichi Life Holdings, Inc.
2025-10-29
28.46%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-03
Large Shareholding Report
EDINETAmended
2026-03-11
Change Report
EDINET
2026-03-09
Large Shareholding Report
EDINETAmended
2026-03-09
Change Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-16
Large Shareholding Report
EDINET
2025-12-08
Large Shareholding Report
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
EDINET
2025-10-31
Large Shareholding Report
EDINET
2025-10-31
Large Shareholding Report
EDINET
2025-10-29
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-08-05
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2024-08-05
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-08-05
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINETAmended
2024-08-05
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-08-18
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINETAmended
2023-08-18
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2023-08-18
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-07-14
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
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