Overview
Services

GREENS CO.,LTD.

GREENS Co., Ltd. is a dedicated hotel operator managing hotels across Japan under two distinct brands: the 'Choice Brand,' which includes globally recognized 'Comfort' franchise hotels (97 properties as of June 2025) targeting mid-price business travelers at major city station-front locations, and the 'Original Brand,' encompassing regionally adapted hotels such as Hotel Econo, Green Hotel, and Hotel Esplu catering to diverse local markets. The company primarily employs an asset-light lease model, minimizing capital exposure by leasing hotel buildings from property owners, and optimizes revenue through systematic revenue management techniques. Additional revenues are generated from tenant leasing and property management services utilizing hotel-adjacent real estate.

Market Cap
¥28.2B
US$180M
EV
¥30.6B
US$195M
Stock¥2,053▼-0.73%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.9
x
LTM EV/EBIT
4.4
x
LTM PER
5.6
x
LTM PBR
2.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-34.7%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 13, 26Full-year FY2026/06 earnings announced
MC → EV Bridge
28.2BUS$180MMarket Cap14.3BUS$91.3M+ Debt11.6BUS$73.7M− Cash0.31BUS$1.98M− Inv. Sec.30.6BUS$195MEV
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Performance & Balance
Revenue 5Y (¥B)
25.4US$162M'22/636.4US$232M'23/641.0US$261M'24/649.6US$317M'25/654.0US$344M'26/6
EBITDA 5Y (¥B)
-1.63-US$10.4M'22/64.26US$27.1M'23/65.56US$35.4M'24/66.94US$44.3M'25/67.91US$50.5M'26/6
Net Income 5Y (¥B)
-2.18-US$13.9M'22/64.19US$26.7M'23/64.89US$31.2M'24/65.26US$33.5M'25/65.00US$31.9M'26/6
Capital Structure
47%
53%
EquityD/E 1.13xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
10.1US$64.3M20.5US$131M'22/66.80US$43.4M13.6US$87.0M'23/67.84US$50.0M12.8US$81.8M'24/610.1US$64.6M12.5US$79.8M'25/611.9US$75.7M14.3US$91.3M'26/6
Shareholders
Top 10 hold 54.1%
1
Shinryoku Co., Ltd.
18.20%
2
TM Co., Ltd.
15.65%
3
Yuya MURAKI
5.10%
4
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
2.75%
5
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
2.31%
6
BBH CO FOR ARCUS JAPAN VALUE FUND (Standing Proxy: MUFG Bank, Ltd.)
2.10%
7
Kayo AMEZAWA
2.09%
8
Chika KURODA
2.09%
9
Mayu SUZUKI
2.09%
10
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
1.69%
Management
8 officers
Yuya MURAKI
Representative Director, President
Apr 1996 Joined Fujiya Hotel Co., Ltd. Jan 1997 Joined the Company Sep 2001 Director Sep 2004 Managing Director Sep 2013 Senior Managing Director Sep 2013 Representative Director, President, Choice Hotels Japan Co., Ltd. Sep 2018 Representative Director, President of the Company (current) Sep 2023 Director, Choice Hotels Japan Co., Ltd. (current)
1972-11-07
Kenji SHIMIZU
Senior Managing Director, General Manager of Human Resources and General Affairs Division
Apr 1996 Joined TOTO Ltd. Jul 2006 Joined GMD Co., Ltd. (now KPMG FAS Co., Ltd.) Dec 2011 Joined Take and Give Needs Co., Ltd. Feb 2015 Joined Howarth Asia Pacific Japan Co., Ltd. Nov 2017 Joined the Company Jul 2018 Senior Executive Manager, Business Development Office Sep 2018 Director Apr 2019 General Manager, Business Planning Division Jul 2023 Senior Managing Director (current) Oct 2023 General Manager, Hotel Development Office Apr 2025 General Manager, Corporate Management Division Apr 2026 General Manager, Human Resources and General Affairs Division (current)
1973-06-12
Takahiko ITO
Managing Director
Apr 1998 Joined Sohgo Security Services Co., Ltd. (now ALSOK Co., Ltd.) Oct 2004 Joined Y. International Co., Ltd. Oct 2011 President and Representative Director, Y. International Co., Ltd. Nov 2014 Chairman of the Board, Y. International Co., Ltd. Dec 2017 Joined Alpen Co., Ltd. as Executive Officer Mar 2020 Joined the Company as Executive Officer; seconded to Choice Hotels Japan Co., Ltd. as General Manager Sep 2020 Director, Choice Hotels Japan Co., Ltd. (current) Oct 2020 Vice President, Choice Hotels Japan Co., Ltd. Sep 2022 Director of the Company Jul 2023 Managing Director of the Company (current) Sep 2023 President and Representative Director, Choice Hotels Japan Co., Ltd. (current)
1974-12-25
Yuichi SATO
Director, General Manager of Operations Division
Jul 2008 Joined the Company Apr 2021 Seconded to Choice Hotels Japan Co., Ltd. as Director, Sales Strategy Department Apr 2023 Senior Director, Sales Strategy Department, Choice Hotels Japan Co., Ltd. Jul 2023 Executive Officer and General Manager, Choice Hotels Sales Division Sep 2024 Director, Choice Hotels Japan Co., Ltd. (current) Apr 2025 Executive Officer and General Manager, Operations Division Sep 2025 Director of the Company (current); General Manager, Operations Division (current)
1982-01-05
Kiyoshi MATSUI
Director, Audit and Supervisory Committee Member
Nov 1980 Joined the Company Sep 1989 Director Jul 1998 Managing Director Nov 1999 Senior Managing Director Nov 2004 Representative Director, Senior Managing Director Sep 2013 Representative Director, President Sep 2018 Chairman of the Board Jul 2023 Director Sep 2023 Director, Audit and Supervisory Committee Member (current) Sep 2023 Corporate Auditor, Choice Hotels Japan Co., Ltd. (current)
1956-12-18
Yumiko TOEDA
Director
Apr 1993 Joined Nippon Life Insurance Company Dec 1999 Joined Global Management Directions Co., Ltd.
1970-06-10
Shigeru TSUCHIDA
Director, Audit and Supervisory Committee Member
Oct 1994 Joined Isuzu Audit Corporation Nov 1997 Opened Tsuchida Certified Public Accountant and Certified Tax Accountant Office (now Tsuchida Certified Public Accountant Office); assumed position of Head (current) Feb 2007 Representative Director, Kigyo Keiei Kanri Center Co., Ltd. (current) Sep 2015 Corporate Auditor of the Company Mar 2016 Outside Director, Audit and Supervisory Committee Member of the Company (current) Jun 2017 Founding Representative Partner, Daichi Tax Corporation (current) Jun 2021 Outside Corporate Auditor, Imuraya Group Co., Ltd. (current)
1972-05-26
Yoko HIYAMA
Director, Audit and Supervisory Committee Member
Apr 2001 Joined Yoshii Akira Law Office (now Ethos Law Office) Feb 2010 Outside Corporate Auditor, Osaka Organic Chemical Industry Co., Ltd. Nov 2011 Representative Director, Akira Co., Ltd. (current) May 2018 Established Hiyama Kubota Law Office; Representative (current) Sep 2019 Outside Director, Audit and Supervisory Committee Member of the Company (current) Jun 2020 Outside Director, Audit and Supervisory Committee Member, Nankai Chemical Co., Ltd. Jun 2023 Outside Corporate Auditor, Osaka Metro Co., Ltd. (current)
1971-02-18
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-10-22
4.33%
Nomura Asset Management Co., Ltd.
2026-01-08
4.16%→3.62%
Shinryoku Co., Ltd.
2025-09-22
18.01%→18.01%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 18.20%
Shinryoku Co., Ltd.
2025-09-17
18.01%→18.01%
Annual report (as of 2026-06-30): 18.20%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-09-24
Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-08-13
Full-Year Earnings Flash
FY ending Jun 2026
TDnet
2026-05-13
Q3 Earnings Flash
FY ending Jun 2026
EDINET
2026-02-13
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
EDINET
2026-01-08
Large Shareholding Report
TDnet
2025-11-13
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-09-24
Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINETAmended
2025-09-22
Change Report
EDINET
2025-09-17
Large Shareholding Report
TDnet
2025-05-13
Q3 Earnings Flash
FY ending Jun 2025
EDINET
2025-02-13
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2024-11-13
Q1 Earnings Flash
FY ending Jun 2025
EDINET
2024-09-26
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – 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
2023-09-28
Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-09-29
Annual Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-09-27
Annual Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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