Overview
Real Estate

Meiwa Estate Company Limited

Meiwa Jisho is a Yokohama-based real estate developer primarily engaged in the development and sale of condominiums (分譲事業), with a cumulative supply track record exceeding 40,000 units and 1,000 buildings as of 2025. The company also operates a secondary real estate brokerage, buy-and-resell, and renovation business, as well as an investment property development and sales segment (Wealth Solutions). Supporting services include condominium management, rental operations, housing loans, and interior/housing equipment sales provided through group subsidiaries.

Market Cap
¥18.4B
US$117M
EV
¥82.5B
US$526M
Stock¥784▼-0.25%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
15.5
x
LTM EV/EBIT
16.4
x
LTM PER
9.8
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-49.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
18.4BUS$117MMarket Cap89.6BUS$572M+ Debt25.4BUS$162M− Cash0.10BUS$0.63M− Inv. Sec.82.5BUS$526MEV
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Performance & Balance
Revenue 5Y (¥B)
57.2US$365M'22/362.3US$397M'23/371.3US$454M'24/379.9US$510M'25/390.1US$575M'26/3
EBITDA 5Y (¥B)
4.36US$27.8M'22/36.15US$39.2M'23/35.21US$33.2M'24/35.49US$35.0M'25/38.03US$51.2M'26/3
Net Income 5Y (¥B)
2.60US$16.6M'22/34.42US$28.2M'23/32.78US$17.7M'24/32.90US$18.5M'25/33.83US$24.4M'26/3
Capital Structure
30%
70%
EquityD/E 2.39xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
27.7US$177M48.6US$310M'22/336.1US$230M57.9US$369M'23/335.0US$223M59.0US$376M'24/322.6US$144M87.1US$555M'25/321.0US$134M86.7US$553M'26/3
Shareholders
Top 10 hold 56.6%
1
Eikohatsu Co., Ltd.
37.32%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.69%
3
Jun TAKASUGI
2.98%
4
Asami TAKASUGI
2.55%
5
SMBC Nikko Securities Inc.
1.74%
6
Space P Co., Ltd.
1.70%
7
GT Co., Ltd.
1.49%
8
FUKU Co., Ltd.
1.49%
9
Koji HARADA
0.85%
10
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
0.80%
Management
14 officers
Koji KAKIZAKI
Managing Director, Executive Officer; in charge of Development Business Division; supervising Distribution Business Division and Solutions Business Division
Apr 1994 Joined the Company Apr 2007 General Manager, Sales Promotion Department Apr 2012 Executive Officer Aug 2012 General Manager, Condominium Business Division Jun 2013 Director, Executive Officer Sep 2013 In charge of Condominium Construction, Business Planning and Quality Control Departments; General Manager, Condominium Construction Department Apr 2016 General Manager, Development Business Division Oct 2018 General Manager, Nagoya Branch Apr 2019 In charge of Distribution Business Division Aug 2021 Representative Director, Takeichi Valuable Real Estate Co., Ltd. Apr 2022 Managing Director, Executive Officer (current) Jul 2022 In charge of Development and Distribution Business Divisions Nov 2023 In charge of Development Business Division; supervising Distribution Business Division Apr 2024 Representative Director, Tachikawa Mokuzai Ichiba Co., Ltd. Dec 2025 In charge of Development Business Division; supervising Distribution and Solutions Business Divisions (current)
1971-10-22
Makoto SUZUKI
Director, Executive Officer; in charge of Solutions Business Division; General Manager, Solutions Business Division
Apr 1998 Joined the Company Apr 2012 General Manager, Sales Department No. 7 Aug 2012 General Manager, General Sales Department Apr 2013 Executive Officer Apr 2016 General Manager, Sales Division Dec 2016 General Manager, Sales Division; in charge of branches Oct 2017 General Manager, Sales Division and Sales Promotion Division; in charge of branches Jan 2018 In charge of Sales Division, Sales Promotion Division and branches Jan 2021 Director, Executive Officer (current); in charge of Sales Promotion Division Nov 2021 General Manager, Distribution Business Division (in charge of Wealth Solutions Department) Jul 2022 In charge of Distribution Business Division Nov 2023 In charge of and General Manager, Distribution Business Division (in charge of Wealth Solutions Department) Dec 2025 In charge of and General Manager, Solutions Business Division (current)
1973-08-24
Shinya MIHIRA
Director, Executive Officer; in charge of Distribution Business Division; General Manager, Distribution Business Division
Apr 1998 Joined the Company Apr 2016 General Manager, Condominium Construction Department No. 1 Apr 2017 Executive Officer Jan 2018 In charge of Development Business Division Jun 2019 Director, Executive Officer (current) Nov 2023 In charge of Distribution Business Division (in charge of Brokerage, PM and Distribution Management Departments) May 2024 In charge of and General Manager, Distribution Business Division (in charge of Brokerage Departments No. 1 and No. 2, Buy-Resale Business Department, PM Business Department and Distribution Management Department) Jul 2024 In charge of and General Manager, Distribution Business Division (in charge of Brokerage Departments No. 1 and No. 2, Buy-Resale Business Department, Distribution Construction Department, PM Business Department and Distribution Management Department) Apr 2025 In charge of and General Manager, Distribution Business Division (in charge of Brokerage Departments No. 1 and No. 2, Buy-Resale Business Department, Distribution Construction Department, PM Business Department, Distribution Management Department and Distribution Planning Department) Dec 2025 In charge of and General Manager, Distribution Business Division (current)
1975-10-28
Yoshiha FUKUMA
Director, Executive Officer; General Manager, Development Business Division (in charge of Condominium Business Department)
Apr 2000 Joined the Company Apr 2016 General Manager, Condominium Construction Department No. 2 Apr 2017 Executive Officer Jan 2018 General Manager, Development Business Division Oct 2020 General Manager, Development Business Division (in charge of Condominium Business Department) Jun 2021 Director, Executive Officer (current) Apr 2023 General Manager, Development Business Division (in charge of Condominium Business Departments No. 1 and No. 2 and Saitama Office) Nov 2023 General Manager, Development Business Division (in charge of Condominium Business Department and Urban Development Business Department) Jul 2025 General Manager, Development Business Division (in charge of Condominium Business Department) (current)
1977-12-13
Koji KAWADA
Director, Executive Officer; in charge of Sales Division, Nagoya Business Division and branches
Apr 2001 Joined the Company Apr 2012 General Manager, Sapporo Branch Jun 2014 General Manager, General Sales Department Jan 2018 Executive Officer Oct 2020 In charge of Sales Division and branches Jan 2021 In charge of Sales Division and Sapporo Branch Jun 2021 General Manager, Sales Division; Director, Executive Officer (current) Oct 2025 In charge of Sales Division, Nagoya Business Division and branches (current)
1978-08-19
Yutaka OTA
Director, Executive Officer; in charge of Marketing Promotion Division; General Manager, Marketing Promotion Division
Apr 1997 Joined the Company Apr 2016 General Manager, Sales Promotion Department Apr 2019 Executive Officer Apr 2019 General Manager, Sales Promotion Division and General Manager, Sales Promotion Department Oct 2021 In charge of Sales Promotion Division; General Manager, Sales Promotion Division and Sales Promotion Department; General Manager, DX Promotion Department Nov 2023 In charge of and General Manager, Marketing Promotion Division (current) Jun 2024 Director, Executive Officer (current)
1973-05-17
Motomi SHIMAZU
Director, Executive Officer; General Manager, Office of the President; in charge of Affiliated Companies
Apr 1996 Joined the Company Apr 2016 General Manager, Corporate Planning Department Jan 2018 General Manager, Corporate Planning Division and General Manager, Corporate Planning Department Feb 2020 General Manager, Administration Division and General Manager, General Affairs Department Apr 2021 General Manager, Corporate Planning Division; General Manager, Corporate Planning Department and Legal & Compliance Department Nov 2021 General Manager, Administration Division (in charge of Corporate Planning, Legal & Compliance, Accounting and Office of the President) Jun 2022 Executive Officer Jun 2022 In charge of Administration Division Apr 2023 In charge of Corporate Planning, Human Resources & General Affairs and Accounting & Finance Divisions Jun 2023 In charge of Corporate Planning, Human Resources & General Affairs and Accounting & Finance Divisions and Affiliated Companies May 2024 General Manager, Office of the President; in charge of Affiliated Companies (current) Jun 2024 Director, Executive Officer (current)
1971-11-25
Shunsuke YOSHIZAWA
Managing Director, Executive Officer; in charge of Accounting & Finance Division; General Manager, Accounting & Finance Division
Apr 1979 Joined The Nippon Credit Bank, Ltd. (now Aozora Bank, Ltd.) Sep 2005 Branch Manager, Sendai Branch, Aozora Bank, Ltd. Apr 2007 Joined the Company Apr 2011 General Manager, Accounting Department Apr 2012 Executive Officer; in charge of Accounting Department Jun 2013 Director, Executive Officer Jan 2014 In charge of Accounting, Operations and Affiliated Companies Jan 2014 Representative Director, Meiwa Finance Co., Ltd. (now Meiwa Jisho Finance Co., Ltd.) (current) Apr 2014 In charge of Accounting and Operations Apr 2016 General Manager, Administration Division; in charge of Accounting Department Jan 2018 General Manager, Accounting Department Apr 2019 In charge of Administration Division; General Manager, Accounting Department Jul 2019 In charge of Corporate Planning, Administration Divisions and Affiliated Companies Jun 2021 In charge of Administration Division and Affiliated Companies Apr 2022 Managing Director, Executive Officer Apr 2022 Representative Director, Meiwa Kanri Co., Ltd. (now Meiwa Jisho Community Co., Ltd.) Apr 2022 Representative Director, Meiwa Life Support Co., Ltd. (now Meiwa Jisho Life Support Co., Ltd.) Dec 2024 Executive Officer Dec 2024 General Manager, Accounting & Finance Division Jun 2025 Director, Executive Officer (current) Jun 2025 In charge of and General Manager, Accounting & Finance Division (current)
1957-01-09
Daisuke KOBAYASHI
Director
May 2001 Director and General Manager, Sales Department, Waco Electronics Co., Ltd. Apr 2006 Representative Director, Waco Electronics Co., Ltd. (current) Apr 2008 Part-time Director, Green Electronics Co., Ltd. Jun 2015 Outside Director, the Company (current) May 2019 Representative Director and President, Green Electronics Co., Ltd. (current)
1969-03-03
Masayuki NAKAYAMA
Director
Apr 2008 Director and Managing Executive Officer, Nomura Real Estate Urban Net Co., Ltd. (now Nomura Real Estate Solutions Co., Ltd.) Apr 2013 Director and Senior Managing Executive Officer, Nomura Real Estate Urban Net Co., Ltd. Apr 2014 Representative Director and Senior Managing Executive Officer, Nomura Real Estate Urban Net Co., Ltd. Apr 2021 Director and Senior Managing Executive Officer, Nomura Real Estate Urban Net Co., Ltd. Oct 2022 Representative Director and President, HOK Consultant Co., Ltd. (current) Jun 2023 Outside Director, the Company (current)
1959-12-03
Tatsuya YAMADA
Full-time Audit & Supervisory Board Member
Apr 1982 Joined The Nippon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2010 Executive Officer and General Manager, Accounting Department, Mizuho Financial Group, Inc. Apr 2011 Executive Officer and Head of Finance & Accounting Group, Mizuho Securities Co., Ltd. Apr 2012 Managing Executive Officer, Global Finance Head and Head of Finance & Accounting Group, Mizuho Securities Co., Ltd. Apr 2014 Managing Executive Officer and Deputy in charge of IT & Systems Group, Mizuho Financial Group, Inc. Jun 2014 Managing Executive Officer, Global IT Head and Head of IT & Systems Group, Mizuho Securities Co., Ltd. Apr 2018 Managing Executive Officer and Deputy Officer in charge of Finance & Accounting and IT & Systems Groups, Mizuho Financial Group, Inc. Apr 2018 Senior Managing Director and Senior Managing Executive Officer, Mizuho Securities Co., Ltd. (Head of Finance & Accounting Group, Head of IT & Systems Group, Global Finance Head and Global IT Head) Apr 2019 Representative Director and President, Japan Investment Environment Research Institute Co., Ltd. Jun 2020 Full-time Audit & Supervisory Board Member, Mizuho Leasing Co., Ltd. Jun 2024 Full-time Audit & Supervisory Board Member, the Company (current)
1960-02-20
Shoji KOTO
Audit & Supervisory Board Member
Apr 1961 Secretary to a Member of the House of Representatives Feb 1990 Retired from the same position Apr 1990 Opened Koto Office Jun 1996 Audit & Supervisory Board Member, the Company (current)
1938-09-21
Hideaki HARADA
Representative Director, President
Apr 1993 Joined Sato Kogyo Co., Ltd. May 1999 Joined the Company Jun 1999 Director, the Company Jun 1999 Assistant General Manager, President's Office Jul 2000 General Manager, Condominium Business Division Apr 2005 Representative Director, President (current)
1968-07-08
Shigeo KAMIMURA
Audit & Supervisory Board Member
Jul 2007 Director-General, Takamatsu Regional Taxation Bureau Aug 2008 Registered as Certified Tax Accountant Sep 2008 Certified Tax Accountant, Shigeo Kamimura Tax Accounting Office (current) Jun 2012 Outside Audit & Supervisory Board Member, Fujitomi Co., Ltd. (now Fujitomi Securities Co., Ltd.) (current) Jun 2015 Outside Audit & Supervisory Board Member, Ando Corporation Nov 2015 Outside Audit & Supervisory Board Member, Yazaki Corporation Jun 2016 Outside Audit & Supervisory Board Member, Taiyo Group Co., Ltd. (current) Jun 2016 Outside Audit & Supervisory Board Member, TSP Taiyo Co., Ltd. (current) Jun 2023 Outside Audit & Supervisory Board Member, LEOC Co., Ltd. (current) Apr 2024 Outside Audit & Supervisory Board Member, Unitech Co., Ltd. (current) Jun 2024 Audit & Supervisory Board Member, the Company (current)
1949-01-06
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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