Overview
Services

LUCKLAND CO.,LTD.

Luckland is a comprehensive commercial space construction and facility services company, providing end-to-end services including research, planning, design, construction, supervision, and maintenance for a wide range of commercial spaces such as retail stores, food and beverage outlets, logistics facilities, food factories, and hotels. The company serves both domestic and international clients, with a strong focus on supporting Japanese companies expanding into ASEAN markets (Singapore, Cambodia, Malaysia, Thailand, Vietnam, Indonesia) and Taiwan through its overseas subsidiaries. Its competitive strengths lie in its vertically integrated service model, spanning specialized subsidiaries covering electrical, plumbing, HVAC, lighting, interior finishing, and kitchen equipment, enabling turnkey delivery of commercial environments.

Market Cap
¥14.1B
US$89.8M
EV
¥5.04B
US$32.2M
Stock¥1,219▼-0.49%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
1.4
x
LTM EV/EBIT
1.5
x
LTM PER
7.9
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.1%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 25, 25Activist investor shareholder proposal
2Feb 16, 26Disappointing earnings results
MC → EV Bridge
14.1BUS$89.8MMarket Cap2.17BUS$13.9M+ Debt11.2BUS$71.6M− Cash0.08BUS$0.54M− Inv. Sec.0.10BUS$0.63M+ NCI5.04BUS$32.2MEV
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Performance & Balance
Revenue 5Y (¥B)
35.9US$229M'21/1241.1US$262M'22/1245.1US$288M'23/1247.7US$304M'24/1256.6US$361M'25/12
EBITDA 5Y (¥B)
0.06US$0.36M'21/120.16US$1.03M'22/120.95US$6.08M'23/120.77US$4.88M'24/124.51US$28.8M'25/12
Net Income 5Y (¥B)
-0.12-US$0.77M'21/12-0.15-US$0.95M'22/120.25US$1.61M'23/12-0.48-US$3.05M'24/122.08US$13.3M'25/12
Capital Structure
86%
EquityD/E 0.16xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
8.23US$52.5M6.14US$39.2M'21/128.52US$54.3M7.14US$45.6M'22/127.78US$49.6M6.03US$38.5M'23/127.51US$47.9M4.95US$31.5M'24/1211.6US$74.0M2.32US$14.8M'25/12
Shareholders
Top 10 hold 52.7%
1
野村信託銀行株式会社(取引先信託口) (注)
13.56%
2
A Creates Co., Ltd.
13.14%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.74%
4
GALILEI CO.LTD.
5.80%
5
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
3.18%
6
Keiichiro MOCHIZUKI
2.54%
7
LUCKLAND CO.,LTD. Employee Stock Ownership Association
2.27%
8
Tomohiro YOSHIDA
1.75%
9
Custody Bank of Japan, Ltd. (Trust Account)
0.90%
10
SBI SECURITIES Co., Ltd.
0.87%
Management
10 officers
Hirokazu KASAHARA
Representative Director, President
Mar 1998 Enrolled, Shoo Medical and Technical College, Shoo Gakuen School Corporation Mar 2003 Joined Prime Max Co., Ltd. Jun 2012 Joined METS Co., Ltd. (now Kizuna Co., Ltd.) Jun 2013 Director, METS Co., Ltd. Feb 2017 Representative Director, METS Co., Ltd. Dec 2018 Director (Audit and Supervisory Committee Member), Image One Co., Ltd. Nov 2019 Representative Director, President, G-3 Holdings Co., Ltd. (now Asrina Corporation) Nov 2020 Representative Director, Eco Techno Service Co., Ltd. Feb 2021 Representative Director, G-3 Factory Co., Ltd. (now Asrina R&D Co., Ltd.) Nov 2022 Representative Director, G-3 Holdings Co., Ltd. (now Asrina Corporation) Dec 2023 Representative Director, President, Morphose Co., Ltd. (current) Jun 2024 Outside Director, SDS Holdings Co., Ltd. (current) Aug 2024 Representative Director, President, the Company (current)
1976-09-18
Hiroki SAKAMOTO
Director
Apr 1991 Joined Tokyo Bank, Ltd. (now MUFG Bank, Ltd.) Jul 1999 Morgan Stanley Securities Co., Ltd. Jul 2008 Barclays Capital Securities Limited Dec 2012 Japan Credit Advisory Co., Ltd. Feb 2015 Australia and New Zealand Banking Group Limited Feb 2018 JTB Corp. Apr 2025 Managing Executive Officer and CFO, the Company Jul 2025 Managing Executive Officer and CFO; General Manager, Corporate Division, the Company Mar 2026 Director, the Company (current)
1968-12-02
Hiroatsu MATSUMOTO
Director
Apr 1987 Joined Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Aug 2003 Director, NTT ME Kanagawa Corporation Jul 2006 General Manager, Human Resources and Development Department, General Affairs Division, Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Jul 2010 Director, NTT Worldwide Telecommunications Corporation (now NTT Limited Japan Corporation) Jun 2015 Director, NTT Communications Corporation (now NTT Docomo Business, Inc.) Jan 2018 Joined House Do, Inc. (now And Do Holdings Co., Ltd.) Apr 2018 CHO, CTO, General Manager, IT Solutions Division and General Manager, IT Innovation Department, House Do, Inc. Aug 2018 CHO, CTO, General Manager, Business Promotion Division, House Do, Inc. Sep 2018 Director, CHO, CTO, General Manager, Business Promotion Division, House Do, Inc. Jan 2019 Director and Vice President, CHO, CTO, General Manager, Business Promotion Division, House Do, Inc. Aug 2019 Director and Vice President, CHO, CTO, General Manager, Business Promotion Division and General Manager, Career Design Office, House Do, Inc. Aug 2019 Director, Koyama Kensetsu Co., Ltd. (now House Do Japan Co., Ltd.) Aug 2019 Director, Koyama Fudosan Co., Ltd. (now House Do Hanbaikanri Co., Ltd.) Aug 2019 Director, Soka Matsubara Juken Co., Ltd. (now House Do Japan Co., Ltd.) Sep 2019 Director and Vice President, CHO, CTO, General Manager, Business Promotion Division and General Manager, Career Design Office; Member, Remuneration Advisory Committee, House Do, Inc. Aug 2021 Director and Vice President, CHO, CTO, CAO, General Manager, Business Promotion Division and General Manager, Career Design Office; Member, Remuneration Advisory Committee, House Do, Inc. Dec 2021 Director and Vice President, CHO, CTO, CAO, CISO, General Manager, Business Promotion Division and General Manager, Career Design Office; Member, Nomination and Remuneration Committee, House Do, Inc. Jul 2024 Director and Vice President, CHO, CTO, CAO, CISO, General Manager, Business Promotion Division, General Manager, Career Design Office and General Manager, Safety and Quality Promotion Office; Member, Nomination and Remuneration Committee, House Do, Inc. Oct 2025 Special Assignment Under Direct Supervision of the President, the Company Mar 2026 Director, the Company (current)
1963-03-30
Kaname WAKABAYASHI
Director
Apr 1986 Joined Nippon Long-Term Credit Bank, Ltd. (now SBI Shinsei Bank, Limited) Jan 2005 Director, Nippon Rep Co., Ltd. (now Goodman Japan Ltd.) Jun 2009 Representative Director, President, Nippon Rep Co., Ltd. (now Goodman Japan Ltd.) Oct 2011 Director, Tokatsu Foods Co., Ltd. Feb 2020 Representative Director, President, Tosei Asset Advisors Co., Ltd. Mar 2024 Director, Wakabayashi Co., Ltd. (current) Aug 2024 Outside Director, the Company (current) Jan 2026 Representative Director, President, RS Holdings Co., Ltd. (current)
1962-05-08
Hidetake SHIGETA
Director
Mar 1995 Joined Dentsu Inc. Apr 1997 Joined Bain & Company Jun 1998 Director, Tokaa Osaka Co., Ltd. May 2001 Representative Director, Tokaa Osaka Co., Ltd. Jun 2001 Representative Director, Insight Co., Ltd. (current) May 2010 Appointed Judge, Ryōrimasutāzu Award System, Ministry of Agriculture, Forestry and Fisheries Apr 2019 Representative Director, 100 Capital Co., Ltd. Mar 2020 Director, 100 Capital Co., Ltd. (current) Jun 2021 Audit & Supervisory Board Member, Arm Co., Ltd. Aug 2024 Outside Director, the Company (current)
1972-10-07
Takahisa OTACHI
Director
Apr 1992 Joined Tokyo Sowa Bank, Ltd. Sep 1998 Joined Hitachi Business International, Ltd. Sep 2017 General Manager, Finance Department, Finance Division, Business Support Company, Ryobi Holdings Co., Ltd. Jan 2018 General Manager, Group Finance Department, Finance Division, Business Support Company, and General Manager, Group Management Planning Department, Ryobi Group Management Strategy Division, Ryobi Holdings Co., Ltd. Jun 2019 Deputy General Manager, Finance Division, Business Support Company, and General Manager, Group Management Planning Department, Ryobi Group Management Strategy Division, Ryobi Holdings Co., Ltd. Jun 2020 Executive Officer, General Manager, Finance Division, Business Support Company, and General Manager, Group Management Planning Department, Ryobi Group Management Strategy Division, Ryobi Holdings Co., Ltd. Jun 2021 Director and Executive Officer, General Manager, Finance Division, Business Support Company, and General Manager, Group Management Planning Department, Ryobi Group Management Strategy Division, Ryobi Holdings Co., Ltd.; Audit & Supervisory Board Member, Kokusai Ryobi Ferry Co., Ltd. (current) Jun 2022 Managing Executive Officer, General Manager, Finance Division, Business Support Company, and General Manager, Group Management Planning Department, Ryobi Group Management Strategy Division, Ryobi Holdings Co., Ltd.; Audit & Supervisory Board Member, Wakayama Electric Railway Co., Ltd. (current) Mar 2023 Audit & Supervisory Board Member, Ryobi Systems Co., Ltd. (current); Audit & Supervisory Board Member, Ryobi Tours Co., Ltd. (current) Jun 2023 Director, Okayama Electric Tramway Co., Ltd. (current); Audit & Supervisory Board Member, Kobe Bay Cruises Co., Ltd. (current) Sep 2023 Audit & Supervisory Board Member, A.P. Asset Management Co., Ltd. (current) Nov 2023 Managing Executive Officer and COO, Ryobi Finance Co., Ltd. (current) Apr 2025 Audit & Supervisory Board Member, Shikoku Kisen Co., Ltd. (current) Jun 2025 Senior Executive Officer and CFO; Group CFO; General Manager, Finance Division, Business Support Company, Ryobi Holdings Co., Ltd. (current); Audit & Supervisory Board Member, MIRAHOOP Co., Ltd. (current) Mar 2026 Outside Director, the Company (current)
1969-12-07
Tomoyuki YOKOYAMA
Director, Audit and Supervisory Committee Member
Oct 2002 Joined Tohmatsu & Co. (now Deloitte Tohmatsu LLC) Dec 2006 Registered as Certified Public Accountant Apr 2009 Seconded to Deloitte Tohmatsu FAS Co., Ltd. (now Deloitte Tohmatsu Financial Advisory LLC) Jul 2009 Founded Yokoyama Accounting Office; Representative (current); Registered as Certified Tax Accountant May 2011 Outside Audit & Supervisory Board Member, Pocket Card Co., Ltd. May 2016 Outside Director, Pocket Card Co., Ltd. Jul 2015 Part-time Executive Officer, Tachihi Strategy Lab Co., Ltd. (current) Mar 2019 Outside Independent Officer, Hikari Business Form Co., Ltd. (current) Jul 2021 Chairperson, Tachihi Education and Culture Promotion Foundation (current) Oct 2021 Councilor, Aucnet Foundation (current) Mar 2022 Outside Director (Audit and Supervisory Committee Member), Taiyo Bussan Co., Ltd. (current) Apr 2022 Outside Director, TRIBAWL Co., Ltd. (current) May 2022 Outside Director (Audit and Supervisory Committee Member), G-3 Holdings Co., Ltd. (now Asrina Corporation) Oct 2022 Representative Director, BlueSeed Co., Ltd. (current) Mar 2023 Outside Director, KAOPA Co., Ltd. (current) Aug 2024 Outside Director (Audit and Supervisory Committee Member); Chairperson of the Board; Chairperson, Audit and Supervisory Committee; Chairperson, Nomination and Remuneration Committee, the Company (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), nms Holdings Co., Ltd. (current)
1975-06-05
Makio HASHIMOTO
Full-time Director, Audit and Supervisory Committee Member
Apr 1986 Joined Taiheiyo Securities Co., Ltd. (now Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Nov 1993 Joined Moriya Shokai Co., Ltd. Aug 1996 Founded Greenland Co., Ltd.; Representative Director Apr 2008 Joined Nihon Asia Securities Co., Ltd. (now Aizawa Securities Co., Ltd.) Oct 2016 General Manager, Underwriting Department, Aizawa Securities Co., Ltd. Jul 2018 General Manager, Corporate Group, Head Office Sales Department, Aizawa Securities Co., Ltd. Sep 2021 Adviser, Nihon Shinyo Joho Service Co., Ltd. Jan 2022 Founded DHD Co., Ltd.; Representative Director (current) Nov 2022 Outside Director (Audit and Supervisory Committee Member), G-3 Holdings Co., Ltd. (now Asrina Corporation) Aug 2024 Outside Director, the Company (current) Aug 2025 Director, G-3 Holdings Co., Ltd. (now Asrina Corporation) (current)
1962-11-15
Hideaki NUMAI
Director, Audit and Supervisory Committee Member
Dec 2010 Registered as Attorney-at-law Jun 2014 Joined Futabashi Law Office (now Iwata Law Office) Feb 2016 Partner Attorney, Kotohira Sogo Law Office Jun 2019 Outside Audit & Supervisory Board Member, Kosaido Holdings Co., Ltd. (current) Jun 2021 Outside Audit & Supervisory Board Member, Pracor Co., Ltd. (current) Jun 2021 Outside Director (Audit and Supervisory Committee Member), PASS Co., Ltd. Aug 2021 Outside Director, Hadrath Holdings Co., Ltd. (current) Jan 2022 Outside Director, RECOSYS Inc. (current) Jun 2022 Director, LIMNO Inc. Jun 2023 Representative Attorney, Numai Sogo Law Office (current) Aug 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current) Nov 2024 Outside Director, ANAP Inc. Aug 2025 Outside Audit & Supervisory Board Member, Cyberstep, Inc. (now Cyberstep Holdings, Inc.) (current)
1982-11-29
Yoshihito OSHITA
Director, Audit and Supervisory Committee Member
Jan 2012 Assistant Judge, Oita District Court Apr 2015 Joined Futabashi Law Office (now Iwata Law Office) Apr 2017 Judge (Assistant Judge), Tokyo District Court Apr 2019 Registered as Attorney-at-law; joined Kotohira Sogo Law Office Apr 2020 Outside Audit & Supervisory Board Member, Human Creation Holdings Co., Ltd. Mar 2022 Outside Director, Taiyo Bussan Co., Ltd. Dec 2022 Outside Director (Audit and Supervisory Committee Member), Taiyo Bussan Co., Ltd. (current) Dec 2023 Founded Zenkokujizaka Law Office; Partner Attorney (current) Aug 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current) Dec 2025 Outside Director, Human Creation Holdings Co., Ltd. (current)
1986-01-24
Large Shareholding Reports
S-Create Co., Ltd.
2026-08-26
17.42%→15.68%
S-Create Co., Ltd.
2026-08-25
13.14%→13.14%
Ryobi Holdings Co., Ltd.
2026-01-13
5.25%→5.25%
Ryobi Holdings Co., Ltd.
2025-12-26
5.25%
Ryobi Holdings Co., Ltd.
2025-12-24
5.25%
Galilei Co., Ltd.
2025-12-02
8.17%→6.45%
Annual report (as of 2026-06-30): 5.80%
Galilei Co., Ltd.
2025-11-13
6.90%→6.45%
Annual report (as of 2026-06-30): 5.80%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-08-26
Change Report
EDINET
2026-08-25
Large Shareholding Report
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-27
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINETAmended
2026-01-13
Change Report
EDINET
2025-12-26
Large Shareholding Report
EDINET
2025-12-24
Large Shareholding Report
EDINET
2025-12-05
Securities Registration Statement
EDINETAmended
2025-12-02
Change Report
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-11-13
Large Shareholding Report
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINETAmended
2024-06-14
Amended Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2024-06-14
Amended Annual Securities Report
Period: Jan 2019 – Dec 2019
EDINETAmended
2024-06-14
Amended Annual Securities Report
Period: Jan 2020 – Dec 2020
EDINETAmended
2024-06-14
Amended Quarterly Securities Report
Period: Jul 2021 – Sep 2021
EDINETAmended
2024-06-14
Amended Quarterly Securities Report
Period: Apr 2021 – Jun 2021
EDINETAmended
2024-06-14
Amended Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINETAmended
2024-06-14
Amended Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2024-06-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINETAmended
2024-06-14
Amended Quarterly Securities Report
Period: Jul 2022 – Sep 2022
EDINETAmended
2024-06-14
Amended Quarterly Securities Report
Period: Jan 2022 – Mar 2022
EDINETAmended
2024-06-14
Amended Annual Securities Report
Period: Jan 2021 – Dec 2021
EDINETAmended
2024-06-14
Amended Quarterly Securities Report
Period: Apr 2022 – Jun 2022
EDINETAmended
2024-06-14
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
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