Overview
Real Estate

LAND BUSINESS CO.,LTD.

The company operates three core business segments: real estate (development, leasing, building management, and value-add investment in office buildings, residences, and commercial facilities), restaurant/food service (operating dining establishments with a focus on design, healthy cuisine, and hospitality), and apparel (planning, production, and retail of high-quality, design-oriented clothing and accessories including shirts, shoes, and bags). The real estate segment, which serves as the primary revenue base, focuses on acquiring and renovating commercial properties in urban areas under the design concept 'European light and breeze in the city.' The apparel segment operates with a vertically integrated structure covering product planning through to sales.

Market Cap
¥5.02B
US$32.0M
EV
¥25.7B
US$163M
Stock¥253▲+0.40%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
4.7
x
LTM EV/EBIT
5.8
x
LTM PER
2.8
x
LTM PBR
0.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-14.2%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
5.02BUS$32.0MMarket Cap30.4BUS$194M+ Debt9.73BUS$61.9M− Cash0.02BUS$0.14M− Inv. Sec.25.7BUS$163MEV
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Performance & Balance
Revenue 5Y (¥B)
4.59US$29.2M'21/94.65US$29.6M'22/94.49US$28.6M'23/99.98US$63.5M'24/918.6US$118M'25/9
EBITDA 5Y (¥B)
1.68US$10.7M'21/91.26US$7.99M'22/90.84US$5.33M'23/9-0.65-US$4.16M'24/91.66US$10.6M'25/9
Net Income 5Y (¥B)
0.32US$2.01M'21/90.27US$1.69M'22/90.35US$2.22M'23/9-2.10-US$13.4M'24/9-0.36-US$2.28M'25/9
Capital Structure
37%
63%
EquityD/E 1.71xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
9.68US$61.6M31.6US$201M'21/910.9US$69.3M31.1US$198M'22/910.7US$68.3M28.8US$183M'23/96.09US$38.8M29.7US$189M'24/97.57US$48.2M33.4US$213M'25/9
Shareholders
Top 10 hold 72.8%
1
Masamichi KAMEI
38.50%
2
Ayako KAMEI
22.14%
3
Shoji NAGAI
3.52%
4
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
1.69%
5
SBI SECURITIES Co., Ltd.
1.39%
6
Tetsuro MORISAKU
1.32%
7
Iida General Incorporated Association
1.31%
8
KS Management Co., Ltd.
1.19%
9
Rakuten Securities, Inc. (Joint Account)
0.95%
10
Daiwa Securities Co. Ltd.
0.83%
Management
10 officers
Masamichi KAMEI
Representative Director, Chairman
Mar 1980 Joined Sumitomo Fudosan Sales Co., Ltd.; seconded to Sumitomo Realty & Development Co., Ltd., Housing Division No. 2 Jul 1983 Deputy Manager, Sales Planning Department, Sumitomo Fudosan Sales Co., Ltd. Feb 1985 Founded the Company; Director Aug 1985 Representative Director, President Dec 2011 Representative Director, Chairman Aug 2020 Representative Director, Chairman, in charge of Urban Development Department Sep 2020 Director, Stardust Co., Ltd. (current) Oct 2020 Representative Director, President, Pelican Moon Co., Ltd. Dec 2022 Representative Director, Chairman (current) May 2024 Director, Flandre Co., Ltd. (current)
1949-09-27
Tetsuro MORISAKU
Representative Director, President; in charge of Architectural Design Department and New Business
Apr 1983 Joined Tokyo Kosan Co., Ltd. Apr 1987 Joined the Company Oct 1997 Director Oct 2000 Managing Director Dec 2006 Concurrently General Manager, Administration Department Dec 2011 Senior Managing Director May 2012 Senior Managing Director, in charge of Urban Development Department and Architectural Design Department Dec 2013 Senior Managing Director, in charge of Administration Department; General Manager, Administration Department Mar 2017 Senior Managing Director, in charge of Administration Department Nov 2017 Representative Director, Senior Managing Director, in charge of Administration Department Dec 2017 Representative Director, Senior Managing Director, in charge of Architectural Design Department Jul 2018 Representative Director, Senior Managing Director, in charge of Architectural Design Department; General Manager, Architectural Design Department Apr 2019 Representative Director, Senior Managing Director, in charge of Architectural Design Department and Urban Development Department; General Manager, Architectural Design Department May 2019 Representative Director, Senior Managing Director, in charge of Administration Department; General Manager, Administration Department Jul 2019 Representative Director, Senior Managing Director, in charge of Administration Department Dec 2019 Representative Director, President Aug 2020 Representative Director, President, in charge of Architectural Design Department Sep 2020 Representative Director, President, Stardust Co., Ltd. (current) Oct 2020 Director, Pelican Moon Co., Ltd. Dec 2022 Representative Director, President, in charge of Architectural Design Department and New Business (current) Jul 2023 Representative Director, President, Gents Co., Ltd. (now Tex Tech Co., Ltd.) (current); Representative Director, President, Kofu Kiho Co., Ltd. (current) Apr 2024 Representative Director, President, TAKEWAKA Co., Ltd. (current) May 2024 Representative Director, President, Flandre Co., Ltd. (current) Oct 2024 Director, Jugetsu Kosan Ltd. (current) May 2025 Representative Director, President, Murata Shoji Co., Ltd. (current)
1958-02-12
Hiroaki SASAKI
Director, in charge of Urban Development Department
Aug 2002 Joined the Company Apr 2017 General Manager, Urban Development Department Apr 2019 Executive Officer; General Manager, Urban Development Department Dec 2019 Director, in charge of Architectural Design Department and Urban Development Department; General Manager, Architectural Design Department and Urban Development Department Jul 2020 Director, in charge of Architectural Design Department and Urban Development Department; General Manager, Urban Development Department Aug 2020 Director; General Manager, Urban Development Department Dec 2022 Director, in charge of New Business; Director, in charge of Urban Development Department (current)
1966-07-26
Takeshi KATO
Director, in charge of New Business
Apr 2007 Joined the Company Oct 2018 Deputy General Manager, Administration Department Jul 2019 Executive Officer; General Manager, Administration Department Dec 2019 Director, in charge of Administration Department; General Manager, Administration Department Dec 2022 Director, in charge of New Business (current) Director, Stardust Co., Ltd. (current)
1974-06-18
Takanori ANDO
Director and Executive Officer, in charge of New Business
Apr 1984 Joined Sumitomo Corporation Nov 2009 Director, SUMIAGRO, Sumitomo Corporation Europe Jun 2019 Managing Executive Officer, Sumika Agro International Aug 2023 Joined the Company; Executive Officer, in charge of New Business Dec 2023 Director and Executive Officer, in charge of New Business (current)
1961-12-07
Shigemi YOSHIDA
Director, in charge of New Business
Sep 1981 Joined Sports Unity Co., Ltd. Nov 1990 Joined Wright Olifant Seiyo Co., Ltd. Nov 1992 Joined WRIGHT OLIPAHNT Ltd. Apr 1997 Joined AMERICAN MALLS INTERNATIONAL Jul 2023 Joined the Company Dec 2023 Executive Officer, in charge of New Business Jan 2024 Managing Executive Officer, in charge of New Business Dec 2025 Director, in charge of New Business (current)
1956-04-17
Christophe Jacques Gabriel LANCHOU
Director
Sep 1999 Representative Director, President, Mauboussin Japan Co., Ltd. Sep 2001 General Manager, Vacheron Constantin, Richemont Japan Ltd. Apr 2006 Director, International Operations Director, Vacheron Constantin (Head Office) Sep 2010 Director and General Manager, Chaumet, LVMH Japan Feb 2016 Representative Director, President, Royal Copenhagen Japan Co., Ltd.; Representative Director, President, Waterford Wedgwood Japan Co., Ltd. Aug 2017 Representative Director, President, Fiskars Japan Co., Ltd. Mar 2020 Vice President, Fiskars Pan Asia Dec 2020 Director, the Company (current)
1967-05-31
Katsuji USHIJIMA
Full-time Corporate Auditor
Apr 1985 Joined Hokkaido Takushoku Bank, Ltd. Nov 1997 Joined Chuo Trust & Banking Co., Ltd. Feb 2001 Joined Nippon Life Insurance Company Oct 2004 Joined The Bank of Tokyo-Mitsubishi, Ltd. Jul 2007 Vice President, Lehman Brothers Commercial Mortgage Co., Ltd. Jul 2009 Vice President, Tokyo Star Bank, Ltd. Apr 2011 Joined Seibu Shinkin Bank Oct 2022 Deputy Manager, the Company Dec 2022 Full-time Corporate Auditor (current) May 2024 Corporate Auditor, Flandre Co., Ltd. (current) Aug 2025 Corporate Auditor, Tex Tech Co., Ltd.; Corporate Auditor, Kofu Kiho Co., Ltd.
1961-07-28
Setsuo HIGUCHI
Corporate Auditor
Apr 1974 Joined Chuo Accounting Office Audit Corporation Jun 1988 Representative Partner, Chuo Accounting Office Audit Corporation Aug 2007 Representative Partner, Shin Nihon & Co. Jun 2011 Principal, Setsuo Higuchi Certified Public Accountant Office (current) Jul 2011 Outside Corporate Auditor, Social Wire Co., Ltd. (current) Jun 2017 Outside Corporate Auditor, Premier Group Co., Ltd. (current) Dec 2022 Corporate Auditor, the Company (current)
1948-10-09
Shizuo SUZUKI
Corporate Auditor
Dec 1991 Center Director, Shinagawa Center, Maharishi Research Institute Co., Ltd. (now Maharishi Institute of General Education and Research, General Incorporated Association) Sep 1994 Center Director, Shibuya Center, Maharishi Research Institute Co., Ltd. Nov 1996 Center Director, Ginza Center, Maharishi Research Institute Co., Ltd. Sep 1997 Director, Head of Business Division, International Headquarters (on assignment), Maharishi Research Institute Co., Ltd. Jun 2002 Representative Director, Maharishi Research Institute Co., Ltd. Jul 2013 Representative Director, Maharishi Institute of General Education and Research, General Incorporated Association (current) Dec 2020 Corporate Auditor, the Company (current)
1954-06-12
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-14
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
TDnet
2026-02-13
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-19
Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-08-01
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-15
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-13
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-19
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-21
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-20
Annual Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-12-21
Annual Securities Report
EDINET
2021-08-05
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-02-08
Quarterly Securities Report
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