Overview
Real Estate

AlbaLink Co.,Ltd.

AlbaLink is a real estate IT company specializing in the purchase and resale of vacant homes (akiya) and other low-liquidity properties, including stigmatized properties and non-rebuildable lots, across Japan. The company acquires properties directly from owners through its proprietary web marketing platform—generating over 20,000 annual inquiries—and resells them to real estate investors, creating a three-way benefit for sellers, buyers, and local communities. In addition to the core buy-resell model, AlbaLink undertakes value-add redevelopment of acquired properties into rental housing and lodging facilities, and collaborates with over 27 municipal governments to address Japan's growing vacant property crisis.

Market Cap
¥29.9B
US$191M
EV
¥28.8B
US$184M
Stock¥3,680▲+3.37%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
17.4
x
LTM EV/EBIT
18.1
x
LTM PER
24.4
x
LTM PBR
12.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+94.1%pt
10012345
Dec 15, 25 – Oct 23, 26StockTOPIX
1Dec 15, 25Surge in attention to real estate business
2Dec 16, 25Continued buying demand after surge
3Dec 17, 25Continued investor interest in business
4Dec 18, 25Profit-taking after rapid gains
5Jan 14, 26New year adjustment selling pressure
MC → EV Bridge
29.9BUS$191MMarket Cap2.45BUS$15.6M+ Debt3.57BUS$22.8M− Cash0.00BUS$0.00M− Inv. Sec.28.8BUS$184MEV
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Performance & Balance
Revenue 5Y (¥B)
0.89US$5.65M'21/121.34US$8.54M'22/123.00US$19.1M'23/125.44US$34.7M'24/128.19US$52.2M'25/12
Net Income 5Y (¥B)
0.03US$0.18M'21/120.10US$0.66M'22/120.28US$1.80M'23/120.38US$2.41M'24/120.98US$6.26M'25/12
Capital Structure
50%
50%
EquityD/E 0.99xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'21/12'22/12'23/121.17US$7.48M'24/123.51US$22.4M2.21US$14.1M'25/12
Shareholders
Top 10 hold 85.2%
1
Kenji KAWADA
54.20%
2
Hayato UCHIKIBA
16.86%
3
SBI SECURITIES Co., Ltd.
4.40%
4
Custody Bank of Japan, Ltd. (Trust Account)
3.33%
5
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
1.24%
6
AK Partners Co., Ltd.
1.23%
7
Ryo IGUCHI
1.06%
8
Shogo KAZUSA
1.01%
9
Kosuke GYODA
0.98%
10
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
0.87%
Management
8 officers
Kenji KAWADA
Representative Director
Apr 2008 Launched internet advertising business as a sole proprietor Apr 2011 Joined Figaro Inc. Sep 2014 Established Greenlight Inc.; Representative Director (current) Jul 2018 Established Debt Repayment Inc.; Representative Director (current) May 2019 the Company, Representative Director, President (current)
1987-02-07
Yuki OTOMO
Director, COO
Jan 2015 Established Intergrowth Inc.; Representative Director (current) Mar 2017 Joined Clamppy Inc. Aug 2019 Established FAMITAS Inc.; Representative Director Aug 2023 the Company, General Manager, Marketing Department (current) Mar 2024 the Company, Director, COO (current)
1990-06-12
Shu NAKAGAWA
Director, CFO
Apr 2011 Joined Shin Nihon LLC (now EY Shinnihon LLC) Jan 2017 Joined Clifix Tax Corporation Feb 2019 Joined Japan Elevator Service Holdings Co., Ltd. Aug 2021 Joined Bankers Holdings Co., Ltd. Jun 2022 Same company, Director, Executive Officer, CFO Jan 2024 the Company, General Manager, Accounting Department (current) Mar 2024 the Company, Director, CFO (current)
1987-06-04
Tomohiro SUZAKI
Director
Jul 2006 I-Calling Inc., Director Sep 2011 Hikaku.com Inc. (now Temaira Inc.), Outside Director Mar 2012 Techno Blood Inc., Outside Audit & Supervisory Board Member (current) Jul 2012 Febrina Holdings Inc. (now Fourseeds HD Inc.), Director Nov 2013 Nihon Business Innovation Inc., Outside Director Dec 2015 Fourseeds Holdings Inc. (now Fourseeds HD Inc.), Representative Director Jul 2017 Cure Inc. (now Fourseeds HD Inc.), Representative Director Dec 2018 Febrina Inc. (now Fourseeds HD Inc.), Representative Director Dec 2018 Science Beaute Inc., Representative Director Mar 2020 Meritec Inc., Director May 2020 Alterbooth Inc., Outside Audit & Supervisory Board Member Oct 2020 Marimo Inc., Outside Audit & Supervisory Board Member (current) May 2021 Alterbooth Inc., Outside Director May 2021 the Company, Outside Director (current) Sep 2021 Temaira Inc., Outside Director, Audit and Supervisory Committee Member (current) Jan 2022 GROWTH POWER Inc., Outside Audit & Supervisory Board Member (current) Apr 2022 I-Calling Inc., Representative Director (current)
1970-08-03
Koji ONO
Director
Dec 2006 Tohmatsu Audit Corporation (now Deloitte Tohmatsu Audit LLC), joined Jul 2011 Seconded to Nomura Securities Co., Ltd. (returned Dec 2012) Oct 2016 Ace Co., Ltd. (now BuySell Technologies Co., Ltd.), Director, CFO (current) Oct 2020 Timeless Co., Ltd., Director Jul 2022 Four Nine Co., Ltd., Director Mar 2024 Musubi Co., Ltd., Director May 2024 Class Co., Ltd., Outside Director (current) Oct 2024 Rext Holdings Co., Ltd., Director Mar 2025 the Company, Outside Director (current)
1981-03-07
Mizuho OKAGUCHI
Director, Full-time Audit and Supervisory Committee Member
Apr 2004 Joined Estetime Co., Ltd. Feb 2014 Joined Azsa LLC Nov 2017 Joined Askul Corporation Mar 2019 Joined Gyosei Audit Corporation Mar 2024 the Company, Full-time Audit & Supervisory Board Member Mar 2026 the Company, Outside Director, Full-time Audit and Supervisory Committee Member (current)
1985-09-13
Tsuyoshi NOGUCHI
Director, Audit and Supervisory Committee Member
Dec 2007 Joined Azsa LLC (formerly Azusa Audit LLC) Mar 2013 Joined Bridge Tax Corporation Aug 2014 Opened Noguchi Tsuyoshi CPA Office / Noguchi Tsuyoshi Tax Accountant Office Oct 2015 Joined Miyazawa Tax Accounting Office Tax Corporation Aug 2018 Opened Noguchi Tsuyoshi Tax Accountant Office Sep 2020 Established EASY LLC; Representative Member (current) Jan 2022 the Company, Outside Audit & Supervisory Board Member Jul 2022 Gutenberg Inc., Director (current) May 2023 Established LienFort Tax Corporation; Representative Member (current) May 2025 Dgic Inc., Audit & Supervisory Board Member (current) Jun 2025 Auditor, Togoshi Himawari Welfare Corporation (current) Aug 2025 Opened Noguchi Tsuyoshi Administrative Scrivener Office; Head (current) Mar 2026 the Company, Outside Director, Audit and Supervisory Committee Member (current)
1980-05-01
Daisuke TAKEZAWA
Director, Audit and Supervisory Committee Member
Apr 1993 Registered as attorney; joined Matsushima & Terasawa Law Office (now Matsushima Sogo Law Office) Sep 1997 Joined Whitman Breed Abbott & Morgan LLP (New York, NY, USA) Apr 1998 Registered with the New York State Bar Dec 2014 Opened Shiodome Sogo Law Office; Managing Attorney (current) Mar 2016 Career Co., Ltd., Outside Director Dec 2019 Career Co., Ltd., Outside Director, Audit and Supervisory Committee Member Mar 2024 the Company, Outside Audit & Supervisory Board Member Mar 2026 the Company, Outside Director, Audit and Supervisory Committee Member (current)
1968-01-29
Large Shareholding Reports
Hayato UCHIKOBA
2026-04-02
18.14%→17.76%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 16.86%
Hayato UCHIKOBA
2026-04-01
18.14%→17.76%
Annual report (as of 2026-06-30): 16.86%
Kenji KAWADA
2026-01-19
58.98%→55.98%
Annual report (as of 2026-06-30): 54.20%
Hayato UCHIKOBA
2025-12-22
15.68%→18.14%
Annual report (as of 2026-06-30): 16.86%
Kenji KAWADA
2025-12-22
51.25%
Annual report (as of 2026-06-30): 54.20%
Hayato UCHIKOBA
2025-12-22
15.68%
Annual report (as of 2026-06-30): 16.86%
Kenji KAWADA
2025-12-22
51.25%→58.98%
Annual report (as of 2026-06-30): 54.20%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-13
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-13
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINETAmended
2026-04-02
Change Report
EDINET
2026-04-01
Large Shareholding Report
EDINET
2026-03-27
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-01-19
Large Shareholding Report
EDINET
2025-12-22
Large Shareholding Report
EDINETAmended
2025-12-22
Change Report
EDINETAmended
2025-12-22
Change Report
EDINET
2025-12-22
Large Shareholding Report
EDINETAmended
2025-12-04
Amended Securities Registration Statement
EDINETAmended
2025-11-27
Amended Securities Registration Statement
EDINET
2025-11-11
Securities Registration Statement
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