Overview
Real Estate

FJ NEXT HOLDINGS CO.,LTD.

FJ Next Holdings is a Tokyo-based real estate developer focused on the Greater Tokyo metropolitan area, primarily developing and selling investment-use condominiums under the 'GALA Mansion Series' brand targeting single-person asset management buyers, and owner-occupied condominiums under the 'GALA Residence Series' targeting families. The Group also operates complementary businesses including real estate management (rental and building management), construction and renovation, and hospitality through four hot spring ryokan in the Izu area of Shizuoka Prefecture, as well as financial services for customers and condominium management associations.

Market Cap
¥64.4B
US$410M
EV
¥47.1B
US$301M
Stock¥1,965▲+0.36%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.7
x
LTM EV/EBIT
2.8
x
LTM PER
5.4
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+3.6%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 3, 26Market-wide: TOPIX +3.1% rally
2Feb 9, 26Market-wide: TOPIX +2.3% uptrend continues
3Mar 3, 26Market-wide: TOPIX -3.2% decline
4Mar 23, 26Market-wide: TOPIX -3.4% decline
MC → EV Bridge
64.4BUS$410MMarket Cap15.6BUS$99.5M+ Debt32.4BUS$206M− Cash0.47BUS$2.97M− Inv. Sec.47.1BUS$301MEV
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Performance & Balance
Revenue 5Y (¥B)
82.3US$525M'22/384.7US$540M'23/3100US$640M'24/3112US$717M'25/3142US$908M'26/3
EBITDA 5Y (¥B)
9.50US$60.6M'22/38.62US$55.0M'23/39.79US$62.4M'24/39.85US$62.8M'25/314.8US$94.2M'26/3
Net Income 5Y (¥B)
6.34US$40.4M'22/35.62US$35.8M'23/36.45US$41.2M'24/36.48US$41.3M'25/310.0US$63.8M'26/3
Capital Structure
84%
EquityD/E 0.19xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
35.9US$229M12.6US$80.6M'22/332.6US$208M13.5US$85.9M'23/335.0US$223M12.8US$81.3M'24/324.8US$158M18.2US$116M'25/326.2US$167M14.8US$94.1M'26/3
Shareholders
Top 10 hold 66.0%
1
M.M. York Co., Ltd.
18.91%
2
Yukiharu HIDA
15.41%
3
Shotou Investment Club Co., Ltd.
14.72%
4
The Master Trust Bank of Japan, Ltd. (Trust Account)
6.47%
5
BBH FOR FIDELITY LOW-PRICED STOCK FUND (Standing Proxy: MUFG Bank, Ltd.)
3.46%
6
Keiko KYODA
1.65%
7
Custody Bank of Japan, Ltd. (Trust Account)
1.47%
8
GOLDMAN,SACHS & CO.REG (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
1.41%
9
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.31%
10
Yasuyoshi YANAGISAWA
1.22%
Management
6 officers
Yukiharu HIDA
Representative Director, Chairman; Chairman Executive Officer
Jul 1980: Established the Company; assumed Representative Director Aug 1989: Director of the Company Feb 1997: Representative Director, President of the Company Apr 2002: Representative Director, F.J. Community Co., Ltd. Aug 2007: Director, M.M. York Co., Ltd. (current) Aug 2007: Director, Shotou Investment Club Co., Ltd. (current) Jan 2008: Representative Director, President, FJ Resort Management Co., Ltd. (current) Apr 2013: Representative Director, President, Regitec Corporation Co., Ltd. Jun 2019: Representative Director, Chairman and President of the Company Apr 2021: Representative Director, President, FJ Next Co., Ltd. (current) Jun 2021: Representative Director, Chairman, Chairman Executive Officer of the Company (current) Apr 2023: Representative Director, Chairman, FJ Next Residential Co., Ltd. (current)
1952-05-03
Keisuke HIDA
Representative Director, President; President Executive Officer
Jan 2008: Joined the Company Apr 2017: Deputy General Manager, Corporate Planning Office, the Company Jun 2018: Director, General Manager, Corporate Planning Office, the Company Jun 2021: Senior Executive Officer, General Manager, Corporate Planning Office, the Company Apr 2024: Senior Executive Officer, in charge of Corporate Strategy Office, the Company Apr 2024: President, F.J. Community Co., Ltd. (current) Jun 2024: Representative Director, President, President Executive Officer of the Company (current)
1982-09-25
Shigeo MASHIKO
Director, Senior Managing Executive Officer
May 1991: Joined the Company Apr 1998: General Manager, No. 1 Sales Department, the Company Feb 2002: Director, Head of Sales Division and General Manager, No. 1 Sales Department, the Company Jun 2007: Managing Director, Head of Sales Division and General Manager, Consulting Business Division, the Company Jun 2012: Senior Managing Director, Head of Sales Division, the Company Apr 2021: Senior Managing Director, Head of Sales Division, FJ Next Co., Ltd. (current) Jun 2021: Director, Senior Managing Executive Officer of the Company (current)
1961-06-25
Kenichi SUZUKI
Director (Audit and Supervisory Committee Member)
Jul 1986: Joined Miyake Certified Public Accountant Office Jun 1996: Joined the Company Apr 2005: General Manager, Corporate Planning Office, the Company Mar 2006: General Manager, Internal Audit Office, the Company Apr 2008: Deputy Manager, Accounting Department, the Company Apr 2011: General Manager, Accounting Department and Head of Internal Control Promotion Office, the Company Apr 2012: General Manager, Accounting Department, the Company Jun 2018: Director (Audit and Supervisory Committee Member) of the Company (current)
1961-06-17
Kiyoshi SUZUKI
Director (Audit and Supervisory Committee Member)
Nov 1970: Joined Price Waterhouse & Co. Oct 1983: Opened Suzuki Certified Public Accountant Office (current) Feb 1992: Outside Director, Nichiei Kogyo Co., Ltd. (current) Jun 2000: Outside Audit and Supervisory Board Member, the Company Apr 2012: Representative Director, Discovery Co., Ltd. Jun 2015: Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2015: Outside Director, Sonocom Co., Ltd. Feb 2019: Director, Discovery Co., Ltd. (current)
1945-11-04
Daisuke TAKABA
Director (Audit and Supervisory Committee Member)
Apr 1988: Registered as attorney with the Daiichi Tokyo Bar Association Apr 1991: Joined Takaba Law Office (current) Mar 1999: Outside Audit and Supervisory Board Member, Midori Sangyo Co., Ltd. (current) Jun 2004: Outside Audit and Supervisory Board Member, the Company Jun 2015: Director (Audit and Supervisory Committee Member) of the Company (current)
1956-12-02
Large Shareholding Reports
Fidelity Management & Research Company LLC
2026-06-11
5.11%→6.14%
FMR LLC
2026-06-11
—
FMR LLC
2026-06-11
—
FMR LLC
2026-06-11
—
FMR LLC
2026-06-11
—
FMR LLC
2026-06-11
—
Fidelity Management & Research Company LLC
2026-06-11
3.84%→5.11%
Fidelity Management & Research Company LLC
2026-06-11
6.14%→5.09%
Fidelity Management & Research Company LLC
2026-06-10
3.84%
FMR LLC
2026-06-10
5.57%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-07-23
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-06-11
Change Report
EDINETAmended
2026-06-11
Change Report
EDINETAmended
2026-06-11
Change Report
EDINETAmended
2026-06-11
Change Report
EDINETAmended
2026-06-11
Change Report
EDINET
2026-06-11
Large Shareholding Report
EDINET
2026-06-11
Large Shareholding Report
EDINET
2026-06-11
Large Shareholding Report
EDINET
2026-06-10
Large Shareholding Report
EDINET
2026-06-10
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-06
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-01
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-06
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-01
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-06
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-03
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINETAmended
2022-11-01
Amended Annual Securities Report
EDINETAmended
2022-11-01
Amended Annual Securities Report
EDINETAmended
2022-11-01
Amended Annual Securities Report
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