Overview
Real Estate

LAND Co.,Ltd.

Land Co., Ltd. is a Yokohama-based real estate company engaged in the purchase and sale of real estate as well as real estate investment, including renewable energy-related investments such as solar power plants. The company also generates fee income through consulting and brokerage services ancillary to its real estate operations. Its two reportable segments are the Real Estate Business and the Renewable Energy-related Investment Business.

Market Cap
¥13.8B
US$88.3M
EV
¥11.9B
US$76.1M
Stock¥9▼-10.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
13.1
x
LTM EV/EBIT
13.3
x
LTM PER
14.9
x
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 9, 26Q2 FY2027/02 earnings announced
MC → EV Bridge
13.8BUS$88.3MMarket Cap0.56BUS$3.60M+ Debt2.43BUS$15.5M− Cash0.05BUS$0.29M− Inv. Sec.11.9BUS$76.1MEV
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Performance & Balance
Revenue 5Y (¥B)
3.03US$19.3M'22/24.10US$26.2M'23/22.10US$13.4M'24/25.09US$32.5M'25/23.01US$19.2M'26/2
EBITDA 5Y (¥B)
1.45US$9.23M'22/21.30US$8.29M'23/20.24US$1.51M'24/20.98US$6.26M'25/20.43US$2.76M'26/2
Net Income 5Y (¥B)
1.67US$10.7M'22/21.28US$8.14M'23/20.24US$1.53M'24/20.87US$5.57M'25/20.44US$2.83M'26/2
Capital Structure
94%
EquityD/E 0.06xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.81US$11.5M0.67US$4.25M'22/21.38US$8.79M0.85US$5.42M'23/22.46US$15.7M1.21US$7.69M'24/24.02US$25.7M0.57US$3.65M'25/22.96US$18.8M0.62US$3.96M'26/2
Shareholders
Top 10 hold 48.4%
1
Masaki MATSUTANI
20.81%
2
Land Corporation Co., Ltd.
10.40%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.53%
4
SBI SECURITIES Co., Ltd.
2.62%
5
BNYM AS AGT/CLTS NON TREATY JASDEC (Standing Proxy: MUFG Bank, Ltd.)
2.50%
6
BNYMSANV RE GCLB RE JP RD LMGC (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.49%
7
ABN AMRO Clearing Bank N.V., Singapore Branch (Standing Proxy: ABN AMRO Clearing Tokyo Co., Ltd.)
1.38%
8
Kazuki TAKAHATA
1.30%
9
Hidetomo OKA
1.23%
10
Kan GOSHONO
1.14%
Management
6 officers
Masaki MATSUTANI
Representative Director, President
Apr 1991 Joined Daikyo Incorporated Dec 1996 Founded the Company; Representative Director, President (current) Feb 2000 Founded Land Corporation Co., Ltd.; Representative Director, President Sep 2005 Director, Land Corporation Co., Ltd. (current)
1968-06-07
Masaaki SASE
Managing Director
Apr 1988 Joined Daikyo Incorporated Mar 1999 Joined Seed Co., Ltd. Mar 2000 Joined Autobytel Japan Co., Ltd. Feb 2001 Joined the Company; General Manager, Administration Department May 2003 Director, General Manager, Administration Department of the Company May 2007 Managing Director, General Manager, Administration Department of the Company Apr 2024 Managing Director of the Company (current)
1965-09-18
Morihito SAITO
Director (Full-time Audit and Supervisory Committee Member)
Apr 1962 Joined Nagoya Regional Taxation Bureau Jul 1982 Tax Examiner, Tokyo National Tax Tribunal Jul 1991 Professor, Second Education Department, National Tax College Jul 1999 Chief, Collection Division, Tokyo Regional Taxation Bureau Jul 2001 Commissioner, Toshima Tax Office Jul 2002 Opened certified tax accountant practice May 2005 Audit & Supervisory Board Member of the Company May 2010 Full-time Audit & Supervisory Board Member of the Company May 2017 Director (Full-time Audit and Supervisory Committee Member) of the Company (current)
1943-08-09
Keiji IGARASHI
Director (Audit and Supervisory Committee Member)
Oct 1975 Passed the Japanese bar examination Mar 1978 Completed legal training (30th class) Apr 1978 Registered as attorney-at-law (current) May 2005 Audit & Supervisory Board Member of the Company May 2017 Director (Audit and Supervisory Committee Member) of the Company (current)
1948-04-08
Kiyoshi HIRAI
Director (Audit and Supervisory Committee Member)
Apr 1976 Joined Tokyo Regional Taxation Bureau Jul 1982 Tax Investigator, Investigation Division II, Tokyo Regional Taxation Bureau Jul 1999 Chief Senior Examiner, First Taxation Division, Tokyo Regional Taxation Bureau Jul 2005 Deputy Examiner, Tokyo National Tax Tribunal Jul 2008 Chief Tax Consultant, Tax Consultation Office, Tokyo Regional Taxation Bureau Jul 2009 Commissioner, Anan Tax Office Oct 2011 Opened certified tax accountant practice May 2013 Outside Audit & Supervisory Board Member of the Company May 2017 Retired upon expiry of term of office at the Company May 2023 Director (Audit and Supervisory Committee Member) of the Company (current)
1950-08-03
Seiji FUKUCHI
Director (Audit and Supervisory Committee Member)
Apr 2004 Registered as Certified Public Accountant; opened Fukuchi CPA Office as Head (current) Apr 2012 Registered as certified tax accountant; opened Seiji Fukuchi Tax Accountant Office as Head (current) Jun 2012 Outside Audit & Supervisory Board Member, Midac Co., Ltd. (now Midac Holdings Co., Ltd.) Jun 2013 Outside Audit & Supervisory Board Member, SJI Co., Ltd. (now CAICA DIGITAL Inc.) Jun 2017 Outside Director (Audit and Supervisory Committee Member), Midac Co., Ltd. (now Midac Holdings Co., Ltd.) Sep 2020 Established SEG Partners LLC; Managing Member (current) May 2024 Director (Audit and Supervisory Committee Member) of the Company (current)
1959-03-28
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-09
Semi-Annual Securities Report
Period: Mar 2026 – Aug 2026
TDnet
2026-07-09
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-28
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-08
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-10
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-10
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-23
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-09
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-10
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-07-11
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-24
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-17
Securities Registration Statement
EDINET
2023-10-12
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-14
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-26
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-07-15
Quarterly Securities Report
EDINET
2022-05-27
Annual Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-08
Quarterly Securities Report
EDINET
2021-07-15
Quarterly Securities Report
EDINET
2021-05-28
Annual Securities Report
EDINET
2021-01-08
Quarterly Securities Report
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