NASDAQ : LRE
Lead Real Estate Co., Ltd — Financial statements
Real Estate · Real Estate - Development · Japan
Last price 1.1199 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 15.28M
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Financial statements
Lead Real Estate Co., Ltd (LRE) reported revenue of 18.33B JPY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 18.33B | 18.33B | 18.31B | 18.49B | 17.10B | 14.48B |
| Other Revenue | 535.25M | 463.61M | 316.94M | 208.52M | ||
| Revenue | 18.33B | 18.33B | 18.84B | 18.95B | 17.42B | 14.69B |
| Cost of Revenue | 15.03B | 15.03B | 15.11B | 16.00B | 14.66B | 12.10B |
| Gross Profit | 3.30B | 3.30B | 3.73B | 2.95B | 2.76B | 2.59B |
| Selling, General & Admin | 1.78B | 1.78B | 2.25B | 2.05B | 1.82B | 1.70B |
| Operating Expenses | 1.78B | 1.78B | 2.25B | 2.05B | 1.82B | 1.70B |
| Operating Income | 1.52B | 1.52B | 1.47B | 898.57M | 939.27M | 887.10M |
| Interest Expense | -621.61M | -621.61M | -44.54M | -18.29M | -16.73M | -23.33M |
| Interest & Investment Income | 2.68M | 2.68M | ||||
| Other Non Operating Income (Expenses) | -140.11M | -140.11M | -12.37M | 73.76M | 6.27M | -25.60M |
| EBT Excluding Unusual Items | 764.06M | 764.06M | 1.42B | 954.04M | 928.81M | 838.17M |
| Gain (Loss) on Sale of Investments | 2.66M | 2.66M | -23.51M | |||
| Other Unusual Items | 95.41M | 95.41M | ||||
| Pretax Income | 862.13M | 862.13M | 1.39B | 954.04M | 928.81M | 838.17M |
| Income Tax Expense | 290.62M | 290.62M | 548.33M | 327.87M | 317.42M | 286.92M |
| Earnings From Continuing Operations | 571.51M | 571.51M | 846.23M | 626.17M | 611.39M | 551.25M |
| Net Income to Company | 571.51M | 846.23M | 626.17M | 611.39M | 551.25M | |
| Minority Interest in Earnings | 559.00K | 789.00K | 524.00K | 370.00K | ||
| Net Income | 571.51M | 571.51M | 846.78M | 626.96M | 611.92M | 551.62M |
| Net Income to Common | 571.51M | 571.51M | 846.78M | 626.96M | 611.92M | 551.62M |
| Shares Outstanding (Basic) | 13.64M | 13.64M | 13.64M | 13.36M | 12.50M | 12.50M |
| Shares Outstanding (Diluted) | 13.64M | 13.64M | 13.64M | 13.36M | 12.50M | 12.50M |
| EPS (Basic) | 41.89 | 41.89 | 62.07 | 46.93 | 48.96 | 44.15 |
| EPS (Diluted) | 41.89 | 41.89 | 62.07 | 46.93 | 48.96 | 44.15 |
| Free Cash Flow | 791.31M | -649.60M | -2.17B | -2.80B | ||
| Free Cash Flow Per Share | 58.01 | -48.62 | -173.62 | -224.26 | ||
| Gross Margin | 18.00% | 18.00% | 19.79% | 15.57% | 15.83% | 17.64% |
| Operating Margin | 8.31% | 8.31% | 7.83% | 4.74% | 5.39% | 6.04% |
| Profit Margin | 3.12% | 3.12% | 4.49% | 3.31% | 3.51% | 3.76% |
| Free Cash Flow Margin | 4.20% | -3.43% | -12.46% | -19.08% | ||
| EBITDA | 1.63B | 1.63B | 1.59B | 1.00B | 1.02B | 930.46M |
| EBITDA Margin | 8.91% | 8.91% | 8.41% | 5.28% | 5.87% | 6.33% |
| D&A For EBITDA | 110.45M | 110.45M | 110.45M | 102.71M | 82.86M | 43.36M |
| EBIT | 1.52B | 1.52B | 1.47B | 898.57M | 939.27M | 887.10M |
| EBIT Margin | 8.31% | 8.31% | 7.83% | 4.74% | 5.39% | 6.04% |
| Effective Tax Rate | 33.71% | 33.71% | 39.32% | 34.37% | 34.17% | 34.23% |
| Revenue as Reported | 18.33B | 18.33B | 18.84B | 18.95B | 17.42B | 14.69B |
| Advertising Expenses | 52.90M | 25.81M | 30.51M | 39.34M |
Balance sheet
Fiscal year July - June; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.70B | 2.70B | 2.66B | 1.30B | 786.37M | 403.11M |
| Cash & Short-Term Investments | 2.70B | 2.70B | 2.66B | 1.30B | 786.37M | 403.11M |
| Accounts Receivable | 159.52M | 159.52M | 179.94M | 259.36M | 442.63M | 261.07M |
| Receivables | 159.52M | 159.52M | 179.94M | 259.36M | 442.63M | 261.07M |
| Inventory | 18.57B | 18.57B | 10.13B | 9.27B | 10.39B | 8.85B |
| Prepaid Expenses | 381.58M | 493.82M | 299.34M | 266.04M | ||
| Other Current Assets | 754.54M | 754.54M | ||||
| Total Current Assets | 22.18B | 22.18B | 13.35B | 11.32B | 11.92B | 9.78B |
| Property, Plant & Equipment | 1.83B | 1.83B | 6.62B | 5.60B | 3.51B | 2.20B |
| Long-Term Investments | 30.63M | 30.63M | 147.40M | 67.24M | 52.39M | 48.51M |
| Other Intangible Assets | 13.65M | 13.65M | 35.40M | 54.14M | 71.73M | 115.55M |
| Long-Term Deferred Tax Assets | 126.05M | 126.05M | ||||
| Other Long-Term Assets | 529.42M | 529.42M | 326.75M | 170.59M | 186.48M | 271.75M |
| Total Assets | 24.71B | 24.71B | 20.48B | 17.22B | 15.74B | 12.42B |
| Accounts Payable | 840.28M | 840.28M | 1.04B | 602.01M | 732.72M | 602.43M |
| Accrued Expenses | 177.34M | 62.26M | 48.85M | 1.56M | ||
| Short-Term Debt | 7.53B | 7.53B | 7.60B | 6.82B | 5.71B | 6.36B |
| Current Portion of Long-Term Debt | 3.27B | 3.27B | ||||
| Current Portion of Leases | 15.69M | 15.69M | 229.78M | 91.11M | 88.75M | 58.70M |
| Current Income Taxes Payable | 40.89M | 40.89M | 439.30M | 169.03M | 190.45M | 241.25M |
| Current Unearned Revenue | 615.32M | 615.32M | 337.48M | 130.26M | 260.53M | 284.98M |
| Other Current Liabilities | 311.05M | 311.05M | 119.81M | 102.39M | 95.88M | 62.55M |
| Total Current Liabilities | 12.63B | 12.63B | 9.94B | 7.97B | 7.12B | 7.61B |
| Long-Term Debt | 6.74B | 6.74B | 4.56B | 4.60B | 5.44B | 2.23B |
| Long-Term Leases | 33.41M | 33.41M | 621.96M | 91.47M | 137.40M | 148.22M |
| Long-Term Deferred Tax Liabilities | 89.64M | 85.02M | 33.99M | 66.58M | ||
| Other Long-Term Liabilities | 161.62M | 161.62M | 240.63M | 233.11M | 240.03M | 156.46M |
| Total Liabilities | 19.56B | 19.56B | 15.45B | 12.98B | 12.97B | 10.22B |
| Common Stock | 731.04M | 731.04M | 1.21B | 1.21B | 344.14M | 344.14M |
| Additional Paid-In Capital | 679.20M | 679.20M | ||||
| Retained Earnings | 3.88B | 3.88B | 3.97B | 3.16B | 2.56B | 2.00B |
| Treasury Stock | -154.12M | -154.12M | -154.12M | -154.12M | -154.12M | -154.12M |
| Comprehensive Income & Other | 18.63M | 18.63M | 20.56M | 32.47M | 21.95M | 16.24M |
| Total Common Equity | 5.15B | 5.15B | 5.04B | 4.24B | 2.77B | 2.21B |
| Minority Interest | -8.46M | -7.56M | -6.77M | -6.24M | ||
| Shareholders' Equity | 5.15B | 5.15B | 5.03B | 4.24B | 2.76B | 2.20B |
| Total Liabilities & Equity | 24.71B | 24.71B | 20.48B | 17.22B | 15.74B | 12.42B |
| Total Debt | 17.59B | 17.59B | 13.01B | 11.60B | 11.37B | 8.80B |
| Net Cash (Debt) | -14.89B | -14.89B | -10.33B | -10.27B | -10.58B | -8.37B |
| Net Cash Per Share | -1,091.25 | -1,091.25 | -757.01 | -768.99 | -846.18 | -669.45 |
| Filing Date Shares Outstanding | 13.64M | 13.64M | 13.64M | 13.64M | 13.64M | 12.50M |
| Total Common Shares Outstanding | 13.64M | 13.64M | 13.64M | 13.64M | 12.50M | 12.50M |
| Working Capital | 9.56B | 9.56B | 3.41B | 3.35B | 4.79B | 2.16B |
| Book Value Per Share | 377.64 | 377.64 | 369.39 | 311.17 | 221.61 | 176.60 |
| Tangible Book Value | 5.14B | 5.14B | 5.00B | 4.19B | 2.70B | 2.09B |
| Tangible Book Value Per Share | 376.64 | 376.64 | 366.79 | 307.20 | 215.87 | 167.36 |
| Land | 435.21M | 435.21M | 4.14B | 3.51B | 1.79B | 1.01B |
| Buildings | 1.12B | 1.12B | 1.18B | 1.41B | ||
| Machinery | 152.41M | 152.41M | 200.44M | 192.11M | 189.32M | 181.05M |
| Construction In Progress | 397.99M | 397.99M | 458.88M | 500.24M | 147.15M | 300.04M |
Cash flow statement
Fiscal year July - June; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 846.78M | 626.96M | 611.92M | 551.62M | ||
| Depreciation & Amortization | 110.45M | 102.71M | 82.86M | 43.36M | ||
| Loss (Gain) From Sale of Assets | -680.00K | 5.85M | ||||
| Asset Writedown & Restructuring Costs | 14.74M | |||||
| Loss (Gain) From Sale of Investments | 19.05M | 1.97M | 96.00K | 658.00K | ||
| Other Operating Activities | 38.38M | 74.05M | 23.33M | 7.81M | ||
| Change in Accounts Receivable | 79.42M | 183.28M | -181.61M | 172.03M | ||
| Change in Inventory | 1.20B | 1.12B | -1.57B | -3.01B | ||
| Change in Accounts Payable | 433.70M | -130.71M | 50.70M | -607.09M | ||
| Change in Unearned Revenue | 207.22M | -130.27M | 4.55M | 63.72M | ||
| Change in Other Net Operating Assets | 359.50M | -284.35M | 57.86M | 181.22M | ||
| Operating Cash Flow | 3.31B | 1.57B | -919.64M | -2.60B | ||
| Capital Expenditures | -2.52B | -2.22B | -1.25B | -203.98M | ||
| Sale of Property, Plant & Equipment | 3.18M | |||||
| Sale (Purchase) of Intangibles | -2.35M | -6.36M | -2.44M | -22.67M | ||
| Investment in Securities | -100.84M | -15.20M | -3.15M | 10.52M | ||
| Investing Cash Flow | -2.62B | -2.24B | -1.26B | -216.13M | ||
| Long-Term Debt Issued | 14.73B | 15.01B | 14.58B | 13.17B | ||
| Long-Term Debt Repaid | -14.00B | -14.77B | -11.96B | -10.44B | ||
| Net Debt Issued (Repaid) | 736.73M | 243.19M | 2.62B | 2.74B | ||
| Issuance of Common Stock | 1.19B | 15.30M | ||||
| Common Dividends Paid | -40.93M | -25.00M | ||||
| Other Financing Activities | -49.00K | -229.05M | -63.70M | -32.06M | ||
| Financing Cash Flow | 695.75M | 1.18B | 2.55B | 2.72B | ||
| Foreign Exchange Rate Adjustments | -30.88M | 8.90M | 4.41M | 16.45M | ||
| Net Cash Flow | 1.36B | 514.31M | 383.26M | -77.21M | ||
| Free Cash Flow | 791.31M | -649.60M | -2.17B | -2.80B | ||
| Free Cash Flow Margin | 4.20% | -3.43% | -12.46% | -19.08% | ||
| Free Cash Flow Per Share | 58.01 | -48.62 | -173.62 | -224.26 | ||
| Levered Free Cash Flow | -1.15B | -726.24M | -2.22B | -4.11B | ||
| Unlevered Free Cash Flow | -1.12B | -714.81M | -2.21B | -4.09B | ||
| Cash Interest Paid | 44.54M | 352.36M | 292.58M | 220.08M | ||
| Cash Income Tax Paid | 309.48M | 316.05M | 396.67M | 212.22M | ||
| Change in Working Capital | 2.28B | 760.36M | -1.64B | -3.20B |
Ratios
Fiscal year July - June; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.46M | 18.01M | 24.62M | 30.15M | ||
| Enterprise Value | 106.05M | 125.77M | 116.65M | 113.25M | ||
| Last Close Price | 1.06 | 1.32 | 1.80 | 2.21 | ||
| PE Ratio | 4.11 | 5.12 | 4.20 | 7.74 | ||
| PS Ratio | 0.13 | 0.16 | 0.19 | 0.26 | ||
| PB Ratio | 0.46 | 0.57 | 0.71 | 1.15 | ||
| P/TBV Ratio | 0.46 | 0.57 | 0.71 | 1.16 | ||
| P/FCF Ratio | 0.02 | 4.49 | ||||
| P/OCF Ratio | 1.07 | 3.08 | ||||
| EV/Sales Ratio | 0.94 | 1.11 | 0.89 | 0.96 | ||
| EV/EBITDA Ratio | 10.55 | 12.52 | 10.62 | 18.20 | ||
| EV/EBIT Ratio | 11.32 | 13.42 | 11.41 | 20.27 | ||
| EV/FCF Ratio | 0.13 | 21.27 | ||||
| Debt / Equity Ratio | 3.41 | 3.41 | 2.59 | 2.74 | 4.12 | 4.00 |
| Debt / EBITDA Ratio | 10.22 | 10.22 | 7.78 | 10.73 | 10.46 | 9.04 |
| Debt / FCF Ratio | 16.44 | |||||
| Net Debt / Equity Ratio | 2.89 | 2.89 | 2.05 | 2.42 | 3.83 | 3.80 |
| Net Debt / EBITDA Ratio | 9.11 | 9.11 | 6.51 | 10.26 | 10.35 | 8.99 |
| Net Debt / FCF Ratio | 13.05 | -15.82 | -4.87 | -2.98 | ||
| Asset Turnover | 0.81 | 0.81 | 1.00 | 1.15 | 1.24 | 1.35 |
| Inventory Turnover | 1.05 | 1.05 | 1.56 | 1.63 | 1.52 | 1.81 |
| Quick Ratio | 0.23 | 0.23 | 0.28 | 0.20 | 0.17 | 0.09 |
| Current Ratio | 1.76 | 1.76 | 1.34 | 1.42 | 1.67 | 1.28 |
| Return on Equity (ROE) | 11.22% | 11.22% | 18.26% | 17.89% | 24.63% | 28.72% |
| Return on Assets (ROA) | 4.21% | 4.21% | 4.89% | 3.41% | 4.17% | 5.08% |
| Return on Invested Capital (ROIC) | 5.04% | 5.70% | 5.98% | 4.23% | 5.16% | 6.60% |
| Return on Capital Employed (ROCE) | 12.60% | 12.60% | 14.00% | 9.70% | 10.90% | 18.50% |
| Earnings Yield | 24.31% | 19.53% | 23.84% | 12.93% | ||
| FCF Yield | 5,472.26% | 22.27% | -13.39% | |||
| Payout Ratio | 4.83% | 3.99% | ||||
| Buyback Yield / Dilution | -0.01% | -0.01% | -2.10% | -6.90% | -0.03% | -0.08% |