Overview
Real Estate

Area Quest Inc.

AreaQuest Inc. is a holding company operating in the real estate solutions segment, providing comprehensive services to commercial building owners and operators aimed at maximizing building cash flows and asset values. Its core services include tenant attraction (leasing), contract renewal and management, and building management (including sub-leasing and maintenance), delivered through two wholly-owned subsidiaries: AreaQuest Stores & Offices Co., Ltd. and AreaQuest Real Estate Consulting Co., Ltd. The company differentiates itself through proprietary database marketing systems, a strong tenant matching capability, and bundled 'Premier Member' service packages for building owners.

Market Cap
¥2.39B
US$15.2M
EV
¥1.84B
US$11.7M
Stock¥154▼-0.65%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.5
x
LTM EV/EBIT
6.7
x
LTM PER
18.5
x
LTM PBR
1.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-30.7%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Sep 2, 26Board approved share buyback
MC → EV Bridge
2.39BUS$15.2MMarket Cap0.48BUS$3.06M+ Debt0.38BUS$2.42M− Cash0.64BUS$4.11M− Inv. Sec.1.84BUS$11.7MEV
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Performance & Balance
Revenue 5Y (¥B)
2.18US$13.9M'22/62.32US$14.8M'23/62.33US$14.9M'24/62.48US$15.8M'25/62.52US$16.1M'26/6
EBITDA 5Y (¥B)
0.31US$1.95M'22/60.35US$2.22M'23/60.23US$1.48M'24/60.42US$2.68M'25/60.41US$2.59M'26/6
Net Income 5Y (¥B)
0.10US$0.66M'22/60.11US$0.73M'23/60.13US$0.85M'24/60.11US$0.71M'25/60.13US$0.82M'26/6
Capital Structure
74%
26%
EquityD/E 0.36xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.07US$6.85M0.61US$3.87M'22/61.19US$7.60M0.56US$3.57M'23/61.67US$10.7M0.70US$4.49M'24/61.11US$7.08M0.62US$3.95M'25/61.02US$6.52M0.48US$3.06M'26/6
Shareholders
Top 10 hold 61.2%
1
Kenga Sangyo Co., Ltd.
45.85%
2
Hiroshi SUZUKI
7.40%
3
Masato KIYOHARA
3.60%
4
Satsuki SEKIGUCHI
0.92%
5
Area Quest Inc. Employee Stock Ownership Association
0.84%
6
Area Quest Inc. Officers' Stock Ownership Association
0.79%
7
Shuji MARUYAMA
0.77%
8
Yuji JINME
0.52%
9
Michiko OGINO
0.24%
10
Takahisa KANEKO
0.23%
Management
6 officers
Masato KIYOHARA
Representative Director, President
Apr 1991 Joined Nomura Securities Co., Ltd. Apr 1998 Director, Quest Properties Co., Ltd. (now AreaQuest Stores & Offices Co., Ltd. (Tokyo Head Office)) Jan 2000 Established the Company; assumed office as Representative Director, President (current) Oct 2003 Assumed office as Representative Director, AreaQuest Stores & Offices Co., Ltd. (Tokyo Head Office) (current) Representative Director, AreaQuest Real Estate Consulting Co., Ltd. (current)
1967-02-02
Shiho ISHIKAWA
Director
Apr 1998 Director, BT Holdings Co., Ltd. (current) Sep 2017 Director, AreaQuest Real Estate Consulting Co., Ltd. (current) Sep 2023 Director of the Company (current)
1974-07-19
Mika KITAHARA
Director
Apr 2006 Joined the Company Sep 2023 Director of the Company (current) Sep 2023 Audit & Supervisory Board Member, AreaQuest Stores & Offices Co., Ltd. (current) Sep 2023 Audit & Supervisory Board Member, AreaQuest Real Estate Consulting Co., Ltd. (current)
1982-10-19
Hiroshi OGAWA
Full-time Audit & Supervisory Board Member
Apr 1998 Joined Furyo Kanko Co., Ltd. Oct 2004 Advisor to the Company Sep 2018 Audit & Supervisory Board Member of the Company Sep 2023 Full-time Audit & Supervisory Board Member of the Company (current)
1974-05-29
Koichi MIZUKAMI
Audit & Supervisory Board Member
Mar 1980 Joined Keizaikai Co., Ltd. Mar 2005 Director, K.M.C. Co., Ltd. Sep 2006 Reorganized as K.M.C. Co., Ltd.; assumed office as Representative Director, President (current) Sep 2010 Audit & Supervisory Board Member of the Company (current)
1949-10-14
Namie KINOSHITA
Audit & Supervisory Board Member
Apr 1975 Joined Osaka Yomiuri Advertising Agency Co., Ltd. Apr 1985 Joined White Co., Ltd. Apr 1990 Interior Coordinator (sole proprietor) (current) Sep 2023 Audit & Supervisory Board Member of the Company (current)
1948-12-14
Large Shareholding Reports
Hiroshi SUZUKI
2026-05-19
11.00%→9.83%
Annual report (as of 2026-06-30): 7.40%
Hiroshi SUZUKI
2026-05-19
9.83%→6.69%
Annual report (as of 2026-06-30): 7.40%
Kenga Sangyo Co., Ltd.
2025-10-16
35.06%→41.41%
Annual report (as of 2026-06-30): 45.85%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-28
Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-08-13
Full-Year Earnings Flash
FY ending Jun 2026
EDINET
2026-05-19
Large Shareholding Report
EDINET
2026-05-19
Large Shareholding Report
TDnet
2026-05-13
Q3 Earnings Flash
FY ending Jun 2026
EDINET
2026-02-12
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2025-11-12
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-10-16
Large Shareholding Report
EDINET
2025-09-24
Annual Securities Report
Period: Jul 2024 – Jun 2025
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
2024-11-11
Q1 Earnings Flash
FY ending Jun 2025
EDINET
2024-09-27
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-27
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
2022-09-28
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
2021-09-29
Annual Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-15
Quarterly Securities Report
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