Overview
Real Estate

Yoshicon Co.,Ltd.

Yoshicon is a comprehensive urban development company based in Shizuoka, Japan, engaged in condominium development and sales under its 'Emble' brand series, residential land and commercial/logistics facility development, and property rental and management services. The company also operates a Materials segment supplying concrete secondary products, ready-mixed concrete, and civil engineering/construction materials including curtain walls and PC members. Its integrated service offering spans land acquisition, planning, construction, sales, and property management, targeting individual homebuyers, investors, and corporate clients in the Shizuoka region.

Market Cap
¥14.5B
US$92.4M
EV
¥25.4B
US$162M
Stock¥2,109▼-0.47%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.1
x
LTM EV/EBIT
7.1
x
LTM PER
6.3
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-30.6%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 5, 26Technical rebound from previous decline
2Aug 3, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
14.5BUS$92.4MMarket Cap15.7BUS$100M+ Debt1.83BUS$11.7M− Cash3.35BUS$21.4M− Inv. Sec.0.34BUS$2.19M+ NCI25.4BUS$162MEV
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Performance & Balance
Revenue 5Y (¥B)
20.1US$128M'22/314.7US$93.8M'23/323.9US$153M'24/327.5US$175M'25/329.1US$186M'26/3
EBITDA 5Y (¥B)
2.46US$15.7M'22/31.50US$9.56M'23/33.12US$19.9M'24/34.76US$30.4M'25/33.98US$25.4M'26/3
Net Income 5Y (¥B)
1.64US$10.5M'22/31.17US$7.44M'23/32.10US$13.4M'24/33.02US$19.2M'25/32.66US$17.0M'26/3
Capital Structure
64%
36%
EquityD/E 0.56xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
8.70US$55.5M5.12US$32.6M'22/35.92US$37.8M8.12US$51.8M'23/34.78US$30.5M7.38US$47.1M'24/36.50US$41.5M7.89US$50.3M'25/35.98US$38.1M10.6US$67.8M'26/3
Shareholders
Top 10 hold 62.5%
1
Wise Co., Ltd.
35.76%
2
TAIHEIYO CEMENT CORPORATION
4.58%
3
Yoshicon Co.,Ltd. Business Partners' Stock Ownership Association
4.17%
4
The Shizuoka Bank, Ltd.
3.56%
5
Mizuho Bank, Ltd.
3.56%
6
The Shoko Chukin Bank, Ltd.
3.13%
7
Seigo NAITO
2.67%
8
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
2.13%
9
Tatsushi YOSHIDA
1.47%
10
Naohiro YOSHIDA
1.46%
Management
10 officers
Tatsushi YOSHIDA
Representative Director, Chairman
Apr 1974 Joined Masuda Ichiro Accounting Office Sep 1975 Joined the Company Jul 1977 Director Apr 1989 Senior Managing Director Jun 1996 Representative Director, Senior Managing Director Dec 1996 Representative Director, YCC Co., Ltd. (current) Apr 2000 Representative Director, Executive Vice President; Head of General Headquarters Jun 2005 Representative Director, President Apr 2019 Representative Director, Chairman (current)
1951-09-13
Naohiro YOSHIDA
Representative Director, President
Feb 1999 Joined the Company Apr 2006 General Manager, Market Development Department, Real Estate Development Business Division Mar 2007 Deputy General Manager, Real Estate Development Business Division; General Manager, Planning Office Jun 2007 Director; Deputy General Manager, Real Estate Development Business Division; General Manager, Planning Office Jul 2009 Managing Director; General Manager, Management Administration Division; Deputy General Manager, Real Estate Development Business Division; General Manager, Planning Office Feb 2012 Managing Director; General Manager, Management Administration Division; Deputy General Manager, Real Estate Development Business Division; General Manager, Planning Office Apr 2013 Representative Director, Executive Vice President; General Manager, Management Administration Division; Deputy General Manager, Real Estate Development Business Division; General Manager, Planning Office Apr 2015 Representative Director, Executive Vice President; General Manager, Management Administration Division Apr 2019 Representative Director, President (current)
1975-06-24
Taisei ARIOKA
Director, Senior Managing Executive Officer, Head of Real Estate Development Business Division
Apr 2001 Joined the Company Mar 2018 General Manager, Real Estate Development Department, Real Estate Development Business Division Mar 2019 Executive Officer; General Manager, Real Estate Development Department, Real Estate Development Business Division Mar 2021 Executive Officer; Deputy General Manager, Real Estate Development Business Division; General Manager, Real Estate Development Department No. 1 Jun 2021 Director; Deputy General Manager, Real Estate Development Business Division; General Manager, Real Estate Development Department No. 1 Mar 2023 Director, Managing Executive Officer; General Manager, Real Estate Development Department No. 1 Mar 2025 Director, Senior Managing Executive Officer; General Manager, Real Estate Development Division; General Manager, Development Department No. 2 Mar 2026 Director, Senior Managing Executive Officer, Head of Real Estate Development Business Division (current)
1978-12-26
Shigeo KIKUCHI
Director, Managing Executive Officer, General Manager of Planning and Development Department
Apr 1992 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2015 Branch Manager, Tokuyama Branch, Mizuho Bank, Ltd. Apr 2018 Branch Manager, Shizuoka and Shimizu Branches, Mizuho Bank, Ltd. Oct 2020 Branch Manager, Shizuoka, Shimizu and Mishima Branches, Mizuho Bank, Ltd. May 2021 General Manager, Nagoya Corporate Banking Department No. 2, Mizuho Bank, Ltd. May 2024 Seconded to the Company; Managing Executive Officer; General Manager, Real Estate Development Department No. 3 Jun 2024 Director, Managing Executive Officer; General Manager, Real Estate Development Department No. 3 Mar 2025 Director, Managing Executive Officer; General Manager, Planning and Development Department; General Manager, President's Office Mar 2026 Director, Managing Executive Officer; General Manager, Planning and Development Department (current)
1970-03-05
Seiji UKAI
Director, Managing Executive Officer, General Manager of Management Administration Department
Apr 1988 Joined Kyowa Bank, Ltd. (now Resona Bank, Ltd.) Oct 1998 Joined Toyota Finance Corporation Jan 2018 Joined the Company Mar 2019 General Manager, Management Administration Department, Management Administration Division Jan 2023 General Manager, Management Administration Department Mar 2023 Executive Officer; General Manager, Management Administration Department Jun 2023 Director, Tokaido REIT Management Co., Ltd. (current) Jun 2024 Director; General Manager, Management Administration Department Jun 2025 Director, Managing Executive Officer; General Manager, Management Administration Department (current)
1964-10-16
Kazumichi AKAHORI
Director
Feb 1978 Established Land and House Surveyor and Administrative Scrivener Office May 1997 Standing Director, Shizuoka Prefecture Land and House Surveyors' Association Apr 2001 Shizuoka City Branch Chief, Shizuoka Prefecture Land and House Surveyors' Association May 2015 President, Shizuoka Prefecture Land and House Surveyors' Association (current) Jun 2015 Director of the Company (current)
1949-01-27
Kiyoto HAYAKAWA
Director
Feb 1986 Established Judicial Scrivener and Administrative Scrivener Office May 2007 President, Shizuoka Prefecture Judicial Scriveners' Association May 2011 Honorary President, Shizuoka Prefecture Judicial Scriveners' Association (current) Jun 2011 Standing Director, Japan Federation of Judicial Scriveners' Associations Jun 2023 Director of the Company (current)
1957-07-06
Hiroshi IKEDA
Full-time Statutory Auditor
Apr 1978 Joined the Company Jun 1994 Director, General Manager, Manufacturing Department Mar 1999 Director, General Manager, Venture Business Division Apr 2000 Director, General Manager, Venture Business Headquarters Jun 2001 Managing Director, General Manager, Venture Business Headquarters Apr 2002 Managing Director, General Manager, Venture Product Business Headquarters Apr 2004 Managing Director, General Manager, Manufacturing and Sales Technology Business Headquarters Apr 2007 Managing Director, General Manager, Environmental Business Headquarters Apr 2015 Director, Acting General Manager, Infrastructure Business Headquarters; General Manager, Manufacturing Department Mar 2017 Director, Deputy General Manager, Materials Business Headquarters; General Manager, Sales Department Jun 2018 Full-time Statutory Auditor of the Company (current)
1955-06-03
Takayuki KAGEYAMA
Statutory Auditor
Apr 1973 Joined Nagoya Regional Taxation Bureau, General Affairs Department Jul 2008 Inspector, Secretariat of the Commissioner, National Tax Agency Jul 2012 Director, Fujieda Tax Office Jul 2014 Director, Kariya Tax Office Jul 2015 Retired from Kariya Tax Office Sep 2015 Established Takayuki Kageyama Certified Tax Accountant Office Jun 2016 Statutory Auditor of the Company (current)
1954-11-03
Morio YASUMOTO
Statutory Auditor
Apr 1972 Joined Shizuoka Prefectural Police as Police Constable Mar 2007 Chief, Gotemba Police Station Mar 2010 Director General, Organized Crime Countermeasures Bureau, Criminal Investigation Department Mar 2011 Promoted to Superintendent; Senior Councilor and Chief Inspector, General Affairs Department, Shizuoka Prefectural Police Headquarters Apr 2013 Director General, Traffic Department, Shizuoka Prefectural Police Headquarters Mar 2014 Retired from the same position Jun 2014 Representative Director, President, Fuyo Research Co., Ltd. Jul 2019 Statutory Auditor, Fuyo Research Co., Ltd. Jun 2021 Statutory Auditor of the Company (current)
1953-10-13
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-26
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-07-03
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2022-11-14
Amended Quarterly Securities Report
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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