Overview
Real Estate

SYLA Holdings Co.,Ltd.

Syra Holdings (formerly Kumika Co., Ltd.) is a Tokyo-listed real estate holding company engaged in four core segments: condominium development, construction, property sales, and property management/brokerage. The company's development business focuses on cost-competitive condominium projects primarily in the Greater Tokyo area, leveraging in-house construction capabilities through its subsidiary Syra (formerly integrated with Syra Technologies) to control building costs and maintain quality. Its real estate sales division targets affluent clients with investment and inheritance-planning properties, while also offering consulting services for small office buildings in central Tokyo.

Market Cap
¥12.6B
US$80.2M
EV
¥51.0B
US$325M
Stock¥335▲+0.60%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
13.8
x
LTM EV/EBIT
15.3
x
LTM PER
10.1
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-44.5%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 2, 26Adjustment after securities report filing
MC → EV Bridge
12.6BUS$80.2MMarket Cap48.9BUS$312M+ Debt10.1BUS$64.1M− Cash0.45BUS$2.89M− Inv. Sec.0.06BUS$0.36M+ NCI51.0BUS$325MEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
6.06US$38.7M'22/57.44US$47.5M'23/54.77US$30.4M'24/55.42US$34.6M'25/539.3US$251M'26/5
EBITDA 5Y (¥B)
1.15US$7.31M'22/51.11US$7.09M'23/50.32US$2.04M'24/50.23US$1.45M'25/53.58US$22.8M'26/5
Net Income 5Y (¥B)
0.84US$5.33M'22/50.77US$4.88M'23/50.21US$1.36M'24/5-0.66-US$4.20M'25/56.68US$42.6M'26/5
Capital Structure
27%
73%
EquityD/E 2.73xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
8.40US$53.6M5.84US$37.2M'22/58.35US$53.2M3.84US$24.5M'23/56.45US$41.1M3.21US$20.5M'24/58.65US$55.2M4.54US$29.0M'25/510.6US$67.6M45.9US$293M'26/5
Shareholders
Top 10 hold 56.3%
1
Sugimoto Co., Ltd.
17.71%
2
SY Co., Ltd.
15.20%
3
Hiroyuki SUGIMOTO
8.24%
4
Yoshiyuki YUTO
7.71%
5
VECTOR INC.
1.85%
6
Koichi ITO
1.54%
7
Nomura Trust and Banking Co., Ltd.
1.29%
8
Kankei SHIMABUKURO
1.25%
9
Ueda Yagi Tanshi Co., Ltd.
0.76%
10
Future Design Capital Co., Ltd.
0.72%
Management
9 officers
Hiroyuki SUGIMOTO
Representative Director, Chairman; Group Executive Officer, CEO
Jan 1997 Joined Tokoh Mansion Center Co., Ltd. Dec 2001 Founded S-Grant Corporation (appointed President of the company) Mar 2017 Director and Chairman, Sheila Technologies Co., Ltd. Feb 2022 Director, Sheila Solar Co., Ltd. (current) Apr 2022 Director, Sheila Co., Ltd. (current) Jul 2022 Representative Director, Chairman, Group Executive Officer and CEO, Sheila Technologies Co., Ltd. Jun 2025 Representative Director, Chairman, Group Executive Officer and CEO of the Company (current)
1977-06-25
Yoshiyuki YUTO
Representative Director, President; Group Executive Officer, COO
Apr 2001 Joined Nikkami Real Estate Co., Ltd. Mar 2004 Joined S-Grant Corporation Sep 2010 Co-founded Sheila Technologies Co., Ltd. and Sheila Co., Ltd. (appointed Representative Director of the company) Jul 2022 Representative Director, President, Group Executive Officer and COO, Sheila Technologies Co., Ltd. Jul 2022 Representative Director and CEO, Sheila Co., Ltd. (current) Jun 2025 Representative Director, President, Group Executive Officer and COO of the Company (current)
1976-06-07
Takahide WATANABE
Managing Director; Group Executive Officer, Chief Strategy Officer
Jan 2008 Joined S-Grant Corporation Feb 2009 Joined NEC Soft, Ltd. Dec 2011 Joined Nikkiso Co., Ltd. Mar 2017 Director, Sheila Technologies Co., Ltd. Apr 2024 Director, General Manager of Administration, the Company (formerly Kumika Co., Ltd.) Aug 2024 Representative Director, Vice President, the Company (formerly Kumika Co., Ltd.) Jun 2025 Managing Director, Group Executive Officer and Chief Strategy Officer of the Company (current)
1981-12-27
Kokoro AGATSUMA
Director; Group Executive Officer, CFO
Apr 2005 Joined Daitokyo Shinyo Credit Cooperative Oct 2022 Senior Manager, Finance Unit, Sheila Co., Ltd. Mar 2024 Executive Officer, Senior Manager, Finance Unit, Sheila Technologies Co., Ltd. Aug 2024 Group Executive Officer and CFO, General Manager of Administration Division, Sheila Technologies Co., Ltd. Jun 2025 Executive Officer, CFO and General Manager of Administration Division, the Company (current) Jun 2026 Director, Sheila Co., Ltd. (current) Aug 2026 Director, Group Executive Officer, CFO and General Manager of Administration Division, the Company
1981-09-02
Keiji TORII
Director
Apr 1971 Joined Daiichi Bank, Ltd. Jun 2000 Managing Director, Dai-Ichi Kangyo Bank, Ltd. Jun 2004 Representative Director and Deputy President, Mizuho Financial Group, Inc. Jun 2005 Representative Director and Vice President, Mizuho Information & Research Institute, Inc. Jun 2009 Outside Audit & Supervisory Board Member, Itochu Corporation Jul 2023 Outside Director, Sheila Technologies Co., Ltd. (current) Sep 2024 Chairman of the Board, 3D Shareholder Services Co., Ltd. (current) Aug 2025 Director of the Company (current)
1947-07-25
Satoshi OUCHI
Director
Apr 1989 Joined Ministry of Finance Jul 1995 Director-General, Tottori Tax Office Jul 2007 Head of Tax Policy Support Division, OECD Center for Tax Policy and Administration Aug 2012 Director, Government Debt Management Division, Financial Bureau, Ministry of Finance Jul 2018 Deputy Director-General, Ministry of Economy, Trade and Industry (in charge of Manufacturing Industries Bureau and Employment and Human Resources) Jul 2020 Senior Councillor, Cabinet Secretariat, and Deputy Director-General, Secretariat of the International Expositions Promotion Headquarters Jun 2021 Director and CFO, Japan Investment Corporation; Director, INCJ, Ltd. Jul 2023 Director-General, Osaka Customs Oct 2024 Advisor, the Company (current) Aug 2026 Director of the Company (current)
1965-06-20
Masaaki KAWAKAMI
Director (Audit and Supervisory Committee Member)
Apr 2003 Joined Lent Co., Ltd. Dec 2005 Joined S-Grant Corporation Dec 2005 Joined S-Grant Corporation Feb 2011 Joined Sheila Co., Ltd. Apr 2014 Director, Sheila Co., Ltd. May 2014 Director, Sheila Technologies Co., Ltd. Oct 2025 General Manager, Internal Audit Office, the Company Apr 2026 Audit & Supervisory Board Member, Sheila Co., Ltd. (current) Aug 2026 Director (Audit and Supervisory Committee Member) of the Company (current)
1970-11-30
Keiko YOKOYAMA
Director (Audit and Supervisory Committee Member)
Apr 1994 Joined Kosaka Corporation Nov 2003 Joined Cosmos Audit Corporation Jul 2004 Joined Deloitte Touche Tohmatsu (now Deloitte Touche Tohmatsu LLC) May 2007 Registered as Certified Public Accountant Jul 2016 Outside Audit & Supervisory Board Member, ENECHANGE Ltd. Feb 2020 Representative, Keiko Yokoyama CPA Office (current) Apr 2020 Outside Audit & Supervisory Board Member, Fubic Co., Ltd. (now nobitel Co., Ltd.) (current) Oct 2021 Outside Director (Audit and Supervisory Committee Member), Karada Note Inc. (current) Jul 2023 Outside Audit & Supervisory Board Member, Sheila Technologies Co., Ltd. (current) Jun 2024 Outside Audit & Supervisory Board Member, Shuppin Co., Ltd. (current) Jun 2025 Director (Audit and Supervisory Committee Member) of the Company (current)
1971-09-25
Yoshihide SUGIMOTO
Director (Audit and Supervisory Committee Member)
Apr 2011 Established Legal Partners Law Office (now Anshin Partners Law Office) Feb 2015 Outside Director, Brandista Co., Ltd. (current) Sep 2018 Outside Director, NATTY SWANKY Inc. (now NATTY SWANKY Holdings Co., Ltd.) (current) Jun 2020 Outside Director (Audit and Supervisory Committee Member) and Chair of Remuneration Committee, Avex Inc. (current) Jan 2021 Outside Audit & Supervisory Board Member, Ai Robotics Co., Ltd. (current) Jan 2022 Outside Audit & Supervisory Board Member, GROWTH POWER Co., Ltd. (current) Apr 2022 Outside Audit & Supervisory Board Member, Sheila Technologies Co., Ltd. Apr 2022 Audit & Supervisory Board Member, Sheila Co., Ltd. Apr 2023 Audit & Supervisory Board Member, Sheila Solar Co., Ltd. (current) Aug 2025 Director (Audit and Supervisory Committee Member) of the Company (current)
1980-10-31
Large Shareholding Reports
Sugimoto Co., Ltd.
2025-11-06
16.12%
Annual report (as of 2026-05-31): 17.71%
Sheila Technologies Co., Ltd.
2025-08-08
8.94%→8.90%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Q1 Earnings Flash
FY ending May 2027
EDINET
2026-08-28
Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2026-08-06
株主総会招集通知
TDnet
2026-07-15
Full-Year Earnings Flash
FY ending May 2026
TDnet
2026-04-14
Q3 Earnings Flash
FY ending May 2026
EDINET
2026-01-14
Semi-Annual Securities Report
Period: Jun 2025 – May 2026
TDnetAmended
2026-01-14
Q1 Earnings Flash
FY ending May 2026
EDINET
2025-11-06
Large Shareholding Report
TDnet
2025-10-15
Q1 Earnings Flash
FY ending May 2026
EDINETAmended
2025-08-29
Amended Annual Securities Report
Period: Jun 2024 – May 2025
EDINET
2025-08-28
Annual Securities Report
Period: Jun 2024 – May 2025
EDINET
2025-08-08
Large Shareholding Report
TDnet
2025-04-14
Q3 Earnings Flash
FY ending May 2025
EDINET
2025-01-14
Semi-Annual Securities Report
Period: Jun 2024 – May 2025
TDnet
2024-10-15
Q1 Earnings Flash
FY ending May 2025
EDINET
2024-08-30
Annual Securities Report
Period: Jun 2023 – May 2024
EDINET
2024-08-07
Securities Registration Statement
EDINET
2024-04-15
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-01-15
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-08-30
Annual Securities Report
Period: Jun 2022 – May 2023
EDINET
2023-04-13
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-13
Quarterly Securities Report
EDINET
2022-08-30
Annual Securities Report
EDINET
2022-04-13
Quarterly Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINETAmended
2021-11-02
Amended Annual Securities Report
EDINETAmended
2021-11-02
Amended Quarterly Securities Report
EDINETAmended
2021-11-02
Amended Annual Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →