Overview
Real Estate

HouseFreedom Co.,Ltd.

House Freedom is a regional real estate company operating primarily in Osaka, Fukuoka, and Aichi prefectures, offering residential real estate brokerage, new housing development (subdivisions of 10–20 units targeting first-time homebuyers), and construction contracting including custom and prefabricated homes under the 'Garencasa' brand. The company differentiates itself through hyperlocal, community-focused sales operations covering a ~2.5km radius per store, enabling deep accumulation of local market intelligence. Complementary services include property renovation (via subsidiary Reformsta), property purchase and resale, non-life insurance agency, and rental real estate in the Kansai and Tokai regions.

Market Cap
¥4.29B
US$27.4M
EV
¥12.6B
US$80.6M
Stock¥1,120▼-0.27%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.9
x
LTM EV/EBIT
8.5
x
LTM PER
4.7
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-6.8%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 10, 26Rise on City Home full subsidiary announcement
MC → EV Bridge
4.29BUS$27.4MMarket Cap12.9BUS$82.0M+ Debt4.48BUS$28.5M− Cash0.04BUS$0.27M− Inv. Sec.12.6BUS$80.6MEV
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Performance & Balance
Revenue 5Y (¥B)
11.8US$75.2M'21/1213.0US$82.7M'22/1211.8US$75.2M'23/1214.5US$92.4M'24/1216.9US$108M'25/12
EBITDA 5Y (¥B)
0.59US$3.75M'21/120.78US$4.95M'22/120.77US$4.94M'23/120.99US$6.30M'24/121.23US$7.82M'25/12
Net Income 5Y (¥B)
0.28US$1.79M'21/120.42US$2.68M'22/120.34US$2.19M'23/120.48US$3.09M'24/120.66US$4.20M'25/12
Capital Structure
24%
76%
EquityD/E 3.25xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
3.85US$24.6M9.69US$61.8M'21/123.69US$23.5M10.9US$69.5M'22/123.71US$23.7M11.9US$75.7M'23/124.00US$25.5M11.2US$71.7M'24/124.85US$30.9M11.8US$75.0M'25/12
Shareholders
Top 10 hold 67.2%
1
OF Corporation Co., Ltd.
22.91%
2
VT HOLDINGS CO.,LTD.
14.51%
3
Mikiko YAMANISHI
7.90%
4
Tetsuya MORIMITSU
5.22%
5
HouseFreedom Co.,Ltd. Employee Stock Ownership Association
4.61%
6
Naoki MASUDA
3.13%
7
Kenji KOJIMA
2.97%
8
SBI SECURITIES Co., Ltd.
2.42%
9
Seizaburo WAKASUGI
1.95%
10
HouseFreedom Co.,Ltd. Officers' Stock Ownership Association
1.61%
Management
6 officers
Kenji KOJIMA
Representative Director, President
Apr 1988 Joined Matsuyama Shokai Feb 1990 Joined Marusan Jutaku Co., Ltd. Oct 1992 Joined Enkyo Housing (Yugen Kaisha) Mar 1995 Founded the Company; Representative Director, President (current) Mar 2023 Representative Director, President, Refosta Co., Ltd. (current)
1969-10-30
Yutaka KAWABE
Director
Apr 2002 Opened individual restaurant business Apr 2004 Joined Katsura Keiei Solutions Co., Ltd. Oct 2004 Joined Bets Holdings Co., Ltd. Aug 2007 Joined Seicrest Co., Ltd. Sep 2008 Joined Mugi no Ho Co., Ltd. Jan 2010 Joined the Company Jan 2012 General Manager, Human Resources and General Affairs Department, the Company Jan 2014 Group Leader, Management Promotion Group, the Company Jan 2015 Manager, Business Planning Office, the Company Mar 2016 Director, Manager, Business Planning Office, the Company Mar 2021 Director in charge of administration, the Company Apr 2021 Director, General Manager, Administration Division, the Company Apr 2024 Director, Manager, President's Office, the Company Jan 2025 Director, Manager, President's Office and General Manager, Accounting and Finance Department, the Company (current)
1979-11-27
Tetsuya MORIMITSU
Director
May 1996 Joined International SOS Japan Co., Ltd. Dec 1999 Joined Honda Verno Tokai Co., Ltd. (now VT Holdings Co., Ltd.) Oct 2000 Director, Manager, Business Planning Office, the Company Apr 2007 Director and Vice President, in charge of overall administration, the Company Mar 2010 Director, General Manager, Administration Division, the Company Jan 2011 Director in charge of administration; General Manager, Human Resources and General Affairs Department, the Company Jan 2012 Director, the Company Jan 2016 Director, the Company; oversight of Human Resources and General Affairs and Accounting Departments Mar 2021 Director in charge of overseas operations, the Company Mar 2023 Director, the Company (current)
1972-07-27
Tatsuya KASHINE
Director, Full-time Audit and Supervisory Committee Member
Mar 1982 Joined Horiuchi Color Lab Co., Ltd. (now Horiuchi Color Co., Ltd.) Sep 2008 Joined the Company; General Manager, General Affairs Department Jan 2012 Manager, Internal Audit Office, the Company Mar 2015 Full-time Corporate Auditor, the Company Mar 2021 Director, Full-time Audit and Supervisory Committee Member, the Company (current)
1959-01-01
Koji MATSUOKA
Director, Audit and Supervisory Committee Member (Note 4)
Apr 1997 Joined Azusa Audit LLC (formerly Asahi Audit Corporation) Nov 2000 Corporate Auditor, LAC Co., Ltd. (current) Mar 2005 Representative, Matsuoka Accounting Office May 2009 Outside Director, Lockwave Co., Ltd. (current) Apr 2011 Outside Corporate Auditor, Asahi Life Science Co., Ltd. (current) Jun 2015 Director, Adachi Co., Ltd. Aug 2015 Outside Corporate Auditor, Aisawa Kogyo Co., Ltd. (current) Mar 2017 Outside Corporate Auditor, the Company Jun 2020 Outside Corporate Auditor, Adachi Co., Ltd. (current) Mar 2021 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jan 2025 Outside Corporate Auditor, Bio Research Center Co., Ltd. (current) Jul 2025 Partner, Sogo Keiei Certified Tax Accountants Corporation (current)
1974-08-05
Hirotake TANAKA
Director, Audit and Supervisory Committee Member (Note 4)
Dec 2010 Registered as attorney-at-law; joined Ohashi Law Office Jul 2018 Registered as attorney-at-law in the State of New York Jan 2020 Partner, Ohashi Law Office (current) Mar 2026 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1983-07-19
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-08
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-23
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-10
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-09
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-18
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-22
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-24
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINETAmended
2022-12-15
Amended Quarterly Securities Report
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-25
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-19
Annual Securities Report
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