Overview
Real Estate

Grandy House Corporation

Grandy House Corporation is a regional homebuilder and real estate developer headquartered in Utsunomiya, Tochigi Prefecture, primarily engaged in the planning, development, construction, and sale of detached housing (subdivisions) across the Kanto region including Tochigi, Ibaraki, Gunma, Chiba, Kanagawa, Saitama, and Tokyo. The company operates through a regionally segmented subsidiary structure, with each group company managing sales and construction within its designated trading area, complemented by businesses in used home sales, renovation/after-maintenance services, building materials (precut lumber), and real estate leasing. With cumulative new home sales exceeding 20,000 units as of February 2022 and a listing on the Tokyo Stock Exchange Prime Market, the company holds a strong local market presence in the greater Kanto area.

Market Cap
¥16.0B
US$102M
EV
¥43.1B
US$274M
Stock¥552▼-0.18%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
15.8
x
LTM EV/EBIT
18.4
x
LTM PER
12.9
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-27.5%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
16.0BUS$102MMarket Cap38.8BUS$247M+ Debt9.98BUS$63.5M− Cash1.75BUS$11.1M− Inv. Sec.43.1BUS$274MEV
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Performance & Balance
Revenue 5Y (¥B)
54.9US$349M'22/355.2US$352M'23/351.5US$328M'24/354.0US$344M'25/353.0US$337M'26/3
EBITDA 5Y (¥B)
4.31US$27.4M'22/33.62US$23.1M'23/31.48US$9.42M'24/31.52US$9.68M'25/32.28US$14.5M'26/3
Net Income 5Y (¥B)
2.58US$16.4M'22/32.17US$13.8M'23/30.42US$2.65M'24/30.49US$3.09M'25/30.92US$5.83M'26/3
Capital Structure
39%
61%
EquityD/E 1.56xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
11.2US$71.6M28.9US$184M'22/311.0US$70.1M39.8US$253M'23/310.5US$66.6M43.5US$277M'24/311.2US$71.5M36.6US$233M'25/311.6US$73.7M36.8US$234M'26/3
Shareholders
Top 10 hold 53.6%
1
Shinnihon Bussan Co., Ltd.
13.66%
2
Toshio KIKUCHI
10.35%
3
Grandy Stockmate
8.42%
4
Grandy House Corporation Employee Stock Ownership Association
7.36%
5
The Master Trust Bank of Japan, Ltd. (Trust Account)
6.11%
6
The Ashikaga Bank, Ltd.
2.23%
7
Tatsuro KIYOHARA
1.96%
8
Kunio ISO
1.33%
9
Mamiko KOMABA
1.21%
10
Atsuo SAITO
0.96%
Management
9 officers
Hiroaki HAYASHI
Representative Director, Chairman
Apr 1982 Joined Ashikaga Bank, Ltd. Apr 2010 Joined the Company; General Manager, Finance Department, Administration Division Jun 2010 Managing Director Apr 2011 Overall Manager, Finance, Administration Division Mar 2012 Senior Managing Director; General Manager, President's Office Jun 2013 Overall Management Apr 2014 Director and Vice President Apr 2018 Representative Director, President Apr 2024 Representative Director, Chairman (current)
1959-02-23
Yasushi SAYAMA
Representative Director, President
Apr 1992 Joined Watanabe Construction Co., Ltd. Apr 1997 Joined the Company Apr 2005 General Manager, Development Department, Southern Prefecture Business Division Jun 2005 Director Mar 2008 Managing Director; General Manager, Development Division Jun 2013 Senior Managing Director Apr 2023 Director and Vice President Apr 2024 Representative Director, President (current)
1969-10-31
Hideki TANI
Senior Managing Director; General Manager, Construction Division
Oct 1999 Joined the Company Feb 2003 Joined Hosho Construction Co., Ltd. Dec 2003 Joined the Company Jan 2010 General Manager, Construction Department, Construction Division Apr 2011 General Manager, Construction Division (current) Jun 2011 Director Oct 2013 Managing Director Apr 2024 Senior Managing Director (current)
1973-04-15
Kana TAKAHASHI
Director; General Manager, President's Office and General Planning Office
Apr 1997 Joined the Company Apr 2018 General Manager, President's Office (current) Apr 2019 Executive Officer Jun 2025 Director (current) Jul 2025 General Manager, General Planning Office (current)
1975-09-19
Ryuji UMEKI
Director
Oct 1999 Joined Aoyama Audit Corporation May 2004 Registered as Certified Public Accountant Sep 2006 Joined Arata Audit Corporation (now PwC Japan LLC) Oct 2015 Joined Mitsui-Soko Supply Chain Solutions Co., Ltd. Jun 2022 Joined the Company; General Manager, Administration Department, Administration Division (current) Apr 2023 Executive Officer Apr 2026 Senior Executive Officer (current)
Chikara SENDO
Director, Audit and Supervisory Committee Member
Apr 1979 Joined Showa Audit Corporation (now EY ShinNihon LLC) Mar 1982 Registered as Certified Public Accountant Jul 1995 Partner, EY ShinNihon LLC Jul 2002 Senior Partner, EY ShinNihon LLC Jul 2019 Opened Chikara Sendo CPA Office (current) Jun 2023 Director, Audit and Supervisory Committee Member of the Company (current)
1957-02-12
Takehiko KOBAYASHI
Director, Audit and Supervisory Committee Member
Registered as Certified Tax Accountant; opened Takehiko Kobayashi Tax Accountant Office (current) Jun 2017 Director, Audit and Supervisory Committee Member of the Company (current)
1955-04-24
Toru YOSHINO
Director, Audit and Supervisory Committee Member
Jan 2009 Registered as Attorney-at-Law; joined Ito Kazuho Law Office (now Imazumi Law Office) (current) Jun 2023 Director, Audit and Supervisory Committee Member of the Company (current)
1971-11-04
Akifumi MORITA
Director, Audit and Supervisory Committee Member
Oct 2002 Joined Shin Nihon Audit Corporation (now EY ShinNihon LLC) May 2006 Registered as Certified Public Accountant Sep 2017 Opened Akifumi Morita CPA Office (current) Dec 2017 Registered as Certified Tax Accountant Jun 2023 Director, Audit and Supervisory Committee Member of the Company (current)
1977-09-04
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-04
株主総会招集通知
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
TDnet
2025-08-12
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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