LAND

LAND Co.,Ltd.

Company highlights

The largest segment by revenue is Real estate business, at 88.8% of the total.

Key figures

Period Mar 2025 to Feb 2026ConsolidatedJapanese GAAP

RevenueDisclosed ¥3.0B

Operating marginCalculated 14.2%

Net assets to total assetsCalculated 88.8%

Company profile

Securities code 8918 / EDINET code E04015 / Real Estate / Fiscal year end end of February

横浜市西区北幸二丁目８番２９号／Capital stock ¥10 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details

松谷昌樹 Representative

6 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Mar 2025 to Feb 2026) · filed 2026-05-28

Profitability ★★★★★position among all companies 14.2%

Growth (revenue, 4-year average) ★☆☆☆☆position among all companies -0.2%

Capital efficiency ★★☆☆☆position among all companies 4.9%

Business activities and revenue composition

LAND

Revenue and profit by business segment

Period Mar 2025 to Feb 2026Source Annual securities reportsConsolidated・Disclosed

Business	Net sales to external customers			Operating income
	This year	Share	Last year	This year	Share	Margin	Last year
Real estate business	¥2.6 billion	88.8%	¥5.1 billion	¥0.6 billion	84.8%	23.0%	¥1.5 billion
再生可能エネルギー関連投資	¥0.3 billion	11.2%	¥19.78 million	¥0.1 billion	15.2%	32.6%	¥-0.1 billion
Total of the businesses	¥2.9 billion	100.0%		¥0.7 billion	100.0%

Revenue and profit

LAND

Period Mar 2025 to Feb 2026Source Annual securities reports

Amounts by account

Group	Account	Amount	Consolidated / Non-consolidated
Selling, general and administrative expenses	Commission fees	¥0.3 billion	Consolidated
	Directors' compensations	¥94.20 million	Consolidated
	Taxes and dues	¥81.78 million	Consolidated
	Salaries and allowances	¥80.96 million	Consolidated
	Depreciation	¥7.65 million	Parent only
	Provision for bonuses	¥-1.00 million	Consolidated
	Provision of allowance for doubtful accounts	¥0.17 million	Consolidated
Profit by stage	Gross profit (loss)	¥1.1 billion	Consolidated
	Ordinary income	¥0.5 billion	Consolidated
	Net income	¥0.4 billion	Consolidated
	Operating income	¥0.4 billion	Consolidated

LAND

Selling, general and administrative expenses

Period Mar 2025 to Feb 2026Source Annual securities reports

Commission fees　¥0.3 billion
Directors' compensations　¥0.1 billion
Taxes and dues　¥0.1 billion
Salaries and allowances　¥0.1 billion
Depreciation　¥0.0 billion
Other (not itemized)　¥0.2 billion

Performance, financial position and capital allocation

Finance

88.8% Net assets to total assets Industry median 33.5% FY ending 2/2026 · consolidated / calculated

4.3% Return on assets (ROA)

¥5.97 Net assets per share

¥-1.0 billion Free cash flow

¥10.4 billion Total assets

Capital allocation

-222.4% Cash conversion Industry median 36.4% FY ending 2/2026 · consolidated / calculated

0.5% Investment securities to net assets ★☆☆☆☆ position among all companies FY ending 2/2026 · consolidated / calculated

Long-term changes in performance

Period 2013 to 2026Disclosed

Revenue ×0.38 from 2013 to 2026

LAND

Long-term revenue, profit and asset trends

Period 2013 to 2026Source Annual securities reportsDisclosed

Mark on the chartNo markHighest in the period shownLowest in the period shown

LAND

Recent performance trends

Source Annual securities reports

Year-on-year comparison

Period 2013 to 2026Disclosed

Item	2022	2023	2024	2025	2026
Net sales	¥3.0B	¥4.1B	¥2.1B	¥5.1B	¥3.0B
Year on year (%)	+165.1%◆	+35.5%◆	-48.8%◆	+142.3%◆	-40.9%◆
Ordinary income (loss)	¥1.6B	¥1.4B	¥0.3B	¥1.0B	¥0.5B
Change from prior year	loss to profit◆	-14.7%	-81.3%	+283.5%	-50.7%
Ordinary income (loss) as a share of Net sales	52.6%	33.1%	12.0%	19.1%	15.9%
Change (percentage points)	+296.8 points◆	-19.5 points◆	-21.0 points◆	+7.0 points◆	-3.2 points◆

Fiscal periods marked for changes

Earlier fiscal periods (10)

2014Net sales year on year -77.2%, Ordinary income (loss) as a share of revenue -35.9 points
2015Net sales year on year -58.8%, Ordinary income (loss) as a share of revenue +50.5 points, Ordinary income (loss) loss to profit
2016Ordinary income (loss) as a share of revenue -90.6 points, Ordinary income (loss) profit to loss
2017Net sales year on year +407.9%, Ordinary income (loss) as a share of revenue +98.3 points, Ordinary income (loss) loss to profit
2018Ordinary income (loss) as a share of revenue +12.5 points
2019Net sales year on year -48.7%, Ordinary income (loss) as a share of revenue -3.3 points
2020Net sales year on year +28.2%, Ordinary income (loss) as a share of revenue +24.1 points
2021Net sales year on year -60.3%, Ordinary income (loss) as a share of revenue -295.7 points, Ordinary income (loss) profit to loss
2022Net sales year on year +165.1%, Ordinary income (loss) as a share of revenue +296.8 points, Ordinary income (loss) loss to profit
2023Net sales year on year +35.5%, Ordinary income (loss) as a share of revenue -19.5 points

2024Net sales year on year -48.8%, Ordinary income (loss) as a share of revenue -21.0 points
2025Net sales year on year +142.3%, Ordinary income (loss) as a share of revenue +7.0 points
2026Net sales year on year -40.9%, Ordinary income (loss) as a share of revenue -3.2 points

LAND

Earnings and net assets per share over time

Unit yenSource Annual securities reports

LAND

Return on equity over time

Unit %Source Annual securities reports

Consolidated indicators (15 items)

Item	4 years ago	3 years ago	2 years ago	Last year	This year
Net sales	¥3.0 billion	¥4.1 billion	¥2.1 billion	¥5.1 billion	¥3.0 billion
Ordinary income (loss)	¥1.6 billion	¥1.4 billion	¥0.3 billion	¥1.0 billion	¥0.5 billion
Net income (loss) attributable to owners of parent	¥1.7 billion	¥1.3 billion	¥0.2 billion	¥0.9 billion	¥0.4 billion
Comprehensive income	¥1.7 billion	¥1.3 billion	¥0.2 billion	¥0.9 billion	¥0.4 billion
Net assets	¥6.2 billion	¥7.3 billion	¥7.6 billion	¥8.9 billion	¥9.2 billion
Total assets	¥7.2 billion	¥8.6 billion	¥9.8 billion	¥10.0 billion	¥10.4 billion
Net assets per share	4.31 yen	5.1 yen	5.2 yen	5.78 yen	5.97 yen
Basic earnings (loss) per share	1.16 yen	0.89 yen	0.17 yen	0.58 yen	0.29 yen
Diluted earnings per share	Could not be retrieved	Could not be retrieved	0.17 yen	0.58 yen	0.29 yen
Equity-to-asset ratio	86.2%	85.1%	76.8%	88.8%	88.7%
Return on equity	31.0%	18.9%	3.2%	10.6%	4.9%
Net cash provided by (used in) operating activities	¥0.9 billion	¥1.1 billion	¥-1.4 billion	¥2.1 billion	¥-0.9 billion
Net cash provided by (used in) investing activities	¥-0.4 billion	¥-1.6 billion	¥2.1 billion	¥-0.4 billion	¥-12.98 million
Net cash provided by (used in) financing activities	¥-64.60 million	¥41.87 million	¥0.3 billion	¥-0.2 billion	¥-0.1 billion
Cash and cash equivalents	¥1.8 billion	¥1.3 billion	¥2.4 billion	¥4.0 billion	¥2.9 billion

Parent only indicators (14 items)

Item	4 years ago	3 years ago	2 years ago	Last year	This year
Net sales	¥1.0 billion	¥0.9 billion	¥1.9 billion	¥2.8 billion	¥2.6 billion
Ordinary income (loss)	¥-0.2 billion	¥-0.4 billion	¥0.2 billion	¥0.2 billion	¥0.1 billion
Net income (loss)	¥-0.1 billion	¥-0.1 billion	¥0.2 billion	¥0.4 billion	¥0.2 billion
Capital stock	¥50.00 million	¥50.00 million	¥10.00 million	¥50.00 million	¥50.00 million
Total number of issued shares (common stock)	1,440,974,000 shares	1,440,974,000 shares	1,461,807,333 shares	1,545,140,000 shares	1,545,140,000 shares
Net assets	¥5.6 billion	¥5.3 billion	¥5.5 billion	¥6.4 billion	¥6.4 billion
Total assets	¥6.6 billion	¥6.6 billion	¥7.7 billion	¥7.3 billion	¥7.4 billion
Net assets per share	3.93 yen	3.73 yen	3.79 yen	4.13 yen	4.16 yen
Dividend per share	0.1 yen	0.1 yen	0.1 yen	0.1 yen	Could not be retrieved
Basic earnings (loss) per share	-0.08 yen	-0.1 yen	0.11 yen	0.26 yen	0.13 yen
Diluted earnings per share	Could not be retrieved	Could not be retrieved	0.11 yen	0.25 yen	0.13 yen
Equity-to-asset ratio	85.1%	81.6%	71.2%	86.5%	86.3%
Return on equity	-2.0%	-2.5%	3.0%	6.4%	3.1%
Payout ratio	Could not be retrieved	Could not be retrieved	89.6%	39.2%	Could not be retrieved

Dividend history

Source: reporting company’s key figures, annual securities reports · 4 years (2022 to 2025)Parent-onlyDisclosed

0 periods Consecutive increases (own definition) through FY ending 2/2025

4 periods Consecutive periods with dividends (site definition) through FY ending 2/2025

+0.0% Dividend growth (year on year)

Fewer than six years Dividend growth (5-year annual rate)

Fiscal year	Annual dividend per share	Of which interim	Payout ratio (as reported, parent only)
FY ending 2/2025	¥0.1	Could not be retrieved	39.2%
FY ending 2/2024	¥0.1	Could not be retrieved	89.6%
FY ending 2/2023	¥0.1	Could not be retrieved	Could not be retrieved
FY ending 2/2022	¥0.1	Could not be retrieved	Could not be retrieved

LAND

Dividends per share over time

Unit yenSource Annual securities reports

Shareholder composition

As of 2026-02-28Disclosed

Share ownership by holder category

48,345 Shareholders

6.30% Foreign holders (total) Industry median 3.47%

71.70% Individuals and others Industry median 48.70%

LAND

Unit %Source Annual securities reports

Financial institutions8.00%
Securities firms2.60%
Other corporations11.40%
Foreign holders (institutions)6.20%
Foreign holders (individuals)0.10%
Individuals and others71.70%

Major shareholders

Rank	Shareholder	Shareholding ratio	Shares held
1	松谷昌樹	20.81%	320,036,000
2	株式会社ランドコーポレーション	10.4%	160,000,000
3	日本マスタートラスト信託銀行株式会社（信託口）	6.29%	96,724,879
4	BNYM AS AGT/CLTS NON TREATY JASDEC（常任代理人株式会社三菱UFJ銀行）	2.5%	38,428,500
5	高畑一貴	1.3%	20,000,000
6	ABN AMRO Clearing Bank N.V.，Singapore Branch（常任代理人エービーエヌ・アムロ・クリアリング証券株式会社）	1.17%	17,935,800
7	BNP Paribas Financial Markets（常任代理人 BNPパリバ証券株式会社）	1.15%	17,647,733
8	御所野侃	1.14%	17,500,000
9	日本証券金融株式会社	1.12%	17,180,700
10	野村證券株式会社	0.8%	12,347,715

Revenue scale in the same industry

LAND

Source Annual securities reports of each company

Real Estate: 147 companies · revenue · largest first・each company’s latest fiscal year・consolidated (parent-only where no consolidated figures)・Disclosed

1 Mitsui FudosanFY Mar 2026 ¥2.7T
2 Mitsubishi EstateFY Mar 2026 ¥1.7T
3 Iida GroupFY Mar 2026 ¥1.5T
… 127 companies
131 MullionFY Sep 2025 ¥3.3B
132 makoto constructionFY Mar 2026 ¥3.1B
133 LANDThis companyFY Feb 2026 ¥3.0B
134 THERMAE-YUFY Mar 2026 ¥2.7B
135 ククレブ・アドバイザーズFY Aug 2025 ¥2.6B
… 12 companies

Workforce information

Source: Annual Securities Report (Mar 2025 to Feb 2026)Parent-onlyDisclosed

11 Employees (parent only) Industry median 102

41.2 Average age Industry median 39.2

6.6 years Average length of service Industry median 6.3 years

¥7.78 million Average annual salary Industry median ¥7.07 million

People and organisation

273.4¥ million Sales per employee Industry median 122.0¥ million FY ending 2/2026 · consolidated / calculated

¥38.70 million Operating income per employee

Audit and disclosure information

Annual securities report, year ended 2026-02-28Disclosed

Item	Value
Audit firm	城南監査法人
Audit fees (this year, total)	¥23.00 million
Non-audit fees (this year, total)	Not applicable
Going concern note	Cannot be determined
Accounting standard	Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (27 items)

Item	Value	Consolidated / Non-consolidated
Comprehensive income	¥0.4 billion	Consolidated
Net cash provided by (used in) operating activities	¥-0.9 billion	Consolidated
Net sales	¥3.0 billion	Consolidated
Net cash provided by (used in) investing activities	¥-12.98 million	Consolidated
Diluted earnings per share	0.29 yen	Consolidated
Cash and cash equivalents	¥2.9 billion	Consolidated
Net assets	¥9.2 billion	Consolidated
Ordinary income (loss)	¥0.5 billion	Consolidated
Total assets	¥10.4 billion	Consolidated
Return on equity	4.9%	Consolidated
Equity-to-asset ratio	88.7%	Consolidated
Net income (loss) attributable to owners of parent	¥0.4 billion	Consolidated
Net cash provided by (used in) financing activities	¥-0.1 billion	Consolidated
Basic earnings (loss) per share	0.29 yen	Consolidated
Net assets per share	5.97 yen	Consolidated
Net sales	¥2.6 billion	Parent only
Net income (loss)	¥0.2 billion	Parent only
Diluted earnings per share	0.13 yen	Parent only
Total number of issued shares (common stock)	1,545,140,000 shares	Parent only
Net assets	¥6.4 billion	Parent only
Ordinary income (loss)	¥0.1 billion	Parent only
Total assets	¥7.4 billion	Parent only
Return on equity	3.1%	Parent only
Equity-to-asset ratio	86.3%	Parent only
Capital stock	¥50.00 million	Parent only
Basic earnings (loss) per share	0.13 yen	Parent only
Net assets per share	4.16 yen	Parent only

Employees (8 items)

Item	Value	Consolidated / Non-consolidated
Number of employees	11 people	Consolidated
Number of employees	11 people	Consolidated
Average length of service (years)	6.6 years	Parent only
Average annual salary	¥7.78 million	Parent only
Average age (years)	41.2 years old	Parent only
Number of employees	11 people	Parent only
Number of employees	11 people	Parent only
Number of employees	11 people	Parent only

Shares (10 items)

Item	Value	Consolidated / Non-consolidated
Number of shares held	717,801,327 shares	Consolidated
Total number of shares held treasury shares etc	7,257,100 shares	Consolidated
Number of shares	1,545,140,000 shares	Consolidated
Shareholding ratio treasury shares etc	0.5%	Consolidated
Shareholding ratio	46.7%	Consolidated
Number of shares held in own name treasury shares etc	7,257,100 shares	Consolidated
Number of voting rights	15,378,357 units	Consolidated
Carrying amount on the balance sheet	¥45.00 million	Consolidated
Number of issues	3 issues	Consolidated
Total shareholder return	80.0%	Parent only

Other disclosed items (5 items)

Item	Value	Consolidated / Non-consolidated
Net sales to external customers	¥3.0 billion	Consolidated
Increase in property plant and equipment and intangible assets	¥12.61 million	Consolidated
Depreciation	¥7.75 million	Consolidated
Number of consolidated subsidiaries	6 companies	Consolidated
Total return on the share price index	238.4%	Parent only

Audit (2 items)

Item	Value	Consolidated / Non-consolidated
Fees for audit and attestation services - reporting company	¥23.00 million	Consolidated
Fees for audit and attestation services - total	¥23.00 million	Consolidated

Balance sheet (89 items)

Item	Value	Consolidated / Non-consolidated
Other	¥33.92 million	Consolidated
Other	¥27.26 million	Consolidated
Other	¥38.77 million	Consolidated
Other	¥67.80 million	Consolidated
Other	¥1.19 million	Consolidated
Other, net	¥8.86 million	Consolidated
Real estate for sale in process	¥0.2 billion	Consolidated
Retained earnings	¥6.1 billion	Consolidated
Advances received	¥0.1 billion	Consolidated
Non-current liabilities	¥77.69 million	Consolidated
Non-current assets	¥76.36 million	Consolidated
Guarantee deposits	¥20.59 million	Consolidated
Buildings and structures	¥7.01 million	Consolidated
Buildings and structures, net	¥0.72 million	Consolidated
Investments and other assets	¥65.59 million	Consolidated
Investment securities	¥45.00 million	Consolidated
Subscription rights to shares	¥9.75 million	Consolidated
Property, plant and equipment	¥9.58 million	Consolidated
Income taxes payable	¥35.19 million	Consolidated
Accrued expenses	¥0.3 billion	Consolidated
Shareholders' equity	¥9.2 billion	Consolidated
Current liabilities	¥1.1 billion	Consolidated
Current assets	¥10.3 billion	Consolidated
Accumulated depreciation	¥-18.40 million	Consolidated
Accumulated depreciation	¥-6.29 million	Consolidated
Intangible assets	¥1.19 million	Consolidated
Cash and cash equivalents	¥2.9 billion	Consolidated
Cash and deposits	¥2.9 billion	Consolidated
Short-term loans payable	¥0.2 billion	Consolidated
Short-term loans receivable with resale agreement	¥0.7 billion	Consolidated
Net assets	¥9.2 billion	Consolidated
Net assets	¥9.2 billion	Consolidated
Total assets	¥10.4 billion	Consolidated
Total assets	¥10.4 billion	Consolidated
Treasury stock	¥-0.5 billion	Consolidated
Liabilities	¥1.2 billion	Consolidated
Liabilities and net assets	¥10.4 billion	Consolidated
Real estate for sale	¥0.3 billion	Consolidated
Allowance for doubtful accounts	¥-65.07 million	Consolidated
Allowance for doubtful accounts	¥-4.62 million	Consolidated
Capital surplus	¥3.5 billion	Consolidated
Capital stock	¥50.00 million	Consolidated
Provision for bonuses	¥4.93 million	Consolidated
Long-term loans payable	¥77.69 million	Consolidated
Long-term loans receivable	¥31.15 million	Consolidated
Current portion of long-term loans payable	¥0.3 billion	Consolidated
Other	¥65.59 million	Parent only
Other	¥63.31 million	Parent only
Other	¥1.2 billion	Parent only
Other	¥1.19 million	Parent only
Other capital surplus	¥3.5 billion	Parent only
Other, net	¥7.70 million	Parent only
Real estate for sale in process	¥0.2 billion	Parent only
Retained earnings	¥3.3 billion	Parent only
Legal retained earnings	¥12.50 million	Parent only
Advances received	¥5.00 million	Parent only
Non-current liabilities	¥77.69 million	Parent only
Non-current assets	¥96.47 million	Parent only
Buildings, net	¥0.72 million	Parent only
Investments and other assets	¥86.86 million	Parent only
Subscription rights to shares	¥8.40 million	Parent only
Property, plant and equipment	¥8.42 million	Parent only
Income taxes payable	¥1.86 million	Parent only
Accrued expenses	¥0.3 billion	Parent only
Shareholders' equity	¥6.4 billion	Parent only
Current liabilities	¥0.9 billion	Parent only
Current assets	¥7.3 billion	Parent only
Intangible assets	¥1.19 million	Parent only
Cash and deposits	¥2.6 billion	Parent only
Short-term loans payable	¥0.2 billion	Parent only
Short-term loans receivable with resale agreement	¥0.4 billion	Parent only
Net assets	¥6.4 billion	Parent only
Net assets	¥6.4 billion	Parent only
Total assets	¥7.4 billion	Parent only
Retained earnings brought forward	¥3.3 billion	Parent only
Treasury stock	¥-0.5 billion	Parent only
Liabilities	¥1.0 billion	Parent only
Liabilities and net assets	¥7.4 billion	Parent only
Real estate for sale	¥0.3 billion	Parent only
Allowance for doubtful accounts	¥-0.2 billion	Parent only
Allowance for doubtful accounts	¥-2.32 million	Parent only
Capital surplus	¥3.5 billion	Parent only
Capital stock	¥50.00 million	Parent only
Long-term loans payable	¥77.69 million	Parent only
Long-term accounts receivable-other	¥0.2 billion	Parent only
Long-term loans receivable	¥31.15 million	Parent only
Shares of subsidiaries and associates	¥2.20 million	Parent only
Loans receivable to subsidiaries and affiliates	¥1.0 billion	Parent only
Current portion of long-term loans payable	¥0.3 billion	Parent only

Accounts unique to this company (4 items)

Item	Value	Consolidated / Non-consolidated
Revenue	¥6.1 billion	Consolidated
Revenue	¥40.00 million	Consolidated
Revenue	¥1.7 billion	Parent only
Revenue	¥40.00 million	Parent only

Statement of income (69 items)

Item	Value	Consolidated / Non-consolidated
Other	¥2.54 million	Consolidated
Other	¥1.65 million	Consolidated
Dividends from surplus	¥-0.2 billion	Consolidated
Comprehensive income	¥0.4 billion	Consolidated
Interest income	¥20.11 million	Consolidated
Rent income	¥2.32 million	Consolidated
Operating income	¥0.4 billion	Consolidated
Operating income	¥0.4 billion	Consolidated
Non-operating income	¥69.56 million	Consolidated
Non-operating expenses	¥16.71 million	Consolidated
Net cash provided by (used in) operating activities	¥-0.9 billion	Consolidated
Gain on sales of non-current assets	¥1.14 million	Consolidated
Cost of sales	¥1.9 billion	Consolidated
Gross profit (loss)	¥1.1 billion	Consolidated
Net sales	¥3.0 billion	Consolidated
Net sales	¥3.0 billion	Consolidated
Net income	¥0.4 billion	Consolidated
Net income	¥0.4 billion	Consolidated
Net income (loss)	¥0.4 billion	Consolidated
Net income (loss)	¥0.4 billion	Consolidated
Directors' compensations	¥94.20 million	Consolidated
Net cash provided by (used in) investing activities	¥-12.98 million	Consolidated
Interest expenses	¥15.05 million	Consolidated
Commission fees	¥0.3 billion	Consolidated
Income taxes - current	¥35.19 million	Consolidated
Income taxes	¥35.19 million	Consolidated
Extraordinary income	¥1.14 million	Consolidated
Net increase (decrease) in cash and cash equivalents	¥-1.1 billion	Consolidated
Taxes and dues	¥81.78 million	Consolidated
Income (loss) before income taxes	¥0.5 billion	Consolidated
Income (loss) before income taxes	¥0.5 billion	Consolidated
Ordinary income	¥0.5 billion	Consolidated
Salaries and allowances	¥80.96 million	Consolidated
Purchase of treasury stock	¥-0	Consolidated
Comprehensive income attributable to owners of parent	¥0.4 billion	Consolidated
Net cash provided by (used in) financing activities	¥-0.1 billion	Consolidated
Selling, general and administrative expenses	¥0.7 billion	Consolidated
Provision of allowance for doubtful accounts	¥0.17 million	Consolidated
Provision for bonuses	¥-1.00 million	Consolidated
Consumption taxes refund	¥4.58 million	Consolidated
Other	¥9.11 million	Parent only
Other	¥1.65 million	Parent only
Dividends from surplus	¥-0.2 billion	Parent only
Interest and dividend income	¥22.92 million	Parent only
Operating income	¥0.1 billion	Parent only
Non-operating income	¥72.03 million	Parent only
Non-operating expenses	¥94.17 million	Parent only
Gain on sales of non-current assets	¥1.14 million	Parent only
Cost of sales	¥1.9 billion	Parent only
Gross profit (loss)	¥0.7 billion	Parent only
Net sales	¥2.6 billion	Parent only
Net income (loss)	¥0.2 billion	Parent only
Net income (loss)	¥0.2 billion	Parent only
Directors' compensations	¥94.20 million	Parent only
Interest expenses	¥15.05 million	Parent only
Commission fees	¥0.1 billion	Parent only
Income taxes - current	¥-84.61 million	Parent only
Income taxes	¥-84.61 million	Parent only
Depreciation	¥7.65 million	Parent only
Extraordinary income	¥1.14 million	Parent only
Taxes and dues	¥60.45 million	Parent only
Income (loss) before income taxes	¥0.1 billion	Parent only
Ordinary income	¥0.1 billion	Parent only
Salaries and allowances	¥80.96 million	Parent only
Purchase of treasury stock	¥-0	Parent only
Selling, general and administrative expenses	¥0.5 billion	Parent only
Provision of allowance for doubtful accounts	¥77.46 million	Parent only
Provision of allowance for doubtful accounts	¥0.04 million	Parent only
Provision for bonuses	¥-1.00 million	Parent only

Statement of changes in equity (2 items)

Item	Value	Consolidated / Non-consolidated
Total changes during the period	¥0.3 billion	Consolidated
Total changes during the period	¥43.38 million	Parent only

Statement of cash flows (19 items)

Item	Value	Consolidated / Non-consolidated
Other	¥37.51 million	Consolidated
Other	¥0.72 million	Consolidated
Other	¥-0	Consolidated
Interest expenses paid	¥-7.67 million	Consolidated
Interest and dividends income received	¥5.77 million	Consolidated
Increase (decrease) in advances received	¥76.58 million	Consolidated
Interest and dividend income	¥-20.34 million	Consolidated
Subtotal	¥-0.9 billion	Consolidated
Interest expenses	¥15.05 million	Consolidated
Increase (decrease) in accounts payable-other	¥-14.92 million	Consolidated
Decrease (increase) in inventories	¥-1.4 billion	Consolidated
Income taxes refund (paid)	¥-96.99 million	Consolidated
Depreciation	¥7.75 million	Consolidated
Decrease/increase in short-term loans payable	¥88.10 million	Consolidated
Net decrease increase in short term loans receivable	¥-13.70 million	Consolidated
Increase (decrease) in allowance for doubtful accounts	¥0.17 million	Consolidated
Increase (decrease) in provision for bonuses	¥-1.19 million	Consolidated
Dividends	¥-0.2 billion	Consolidated
Repayment of long term loans payable	¥-38.97 million	Consolidated

Basic indicators

Item	Value	Consolidated / Non-consolidated	Source
Net cash provided by (used in) operating activities	¥-0.9 billion	Consolidated	Disclosed
Dividend per share	Not disclosed	Not applicable	Not disclosed
Number of employees	11	Consolidated	Disclosed
Net assets	¥9.2 billion	Consolidated	Disclosed
Net sales	¥3.0 billion	Consolidated	Disclosed
Operating income	¥0.4 billion	Consolidated	Disclosed
Ordinary income	¥0.5 billion	Consolidated	Disclosed
Net income	¥0.4 billion	Consolidated	Disclosed
Total assets	¥10.4 billion	Consolidated	Disclosed
Operating margin	14.2%	Consolidated	Calculated
Net margin	14.8%	Consolidated	Calculated
Sales per employee	273379000 yen	Consolidated	Calculated
Total asset turnover	0.29 times	Consolidated	Calculated
Net assets to total assets	88.8%	Consolidated	Calculated

How to read the figures, and caveats

Terms

Consolidated: the parent company together with the subsidiaries it consolidates
Parent-only: the single company that filed the annual securities report
Calculated: a disclosed figure put through the formula shown
Not disclosed: no such value in the filing (not treated as zero)
Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
Segment: a business division the company uses in its disclosures
Industry median: the middle value among companies in the same industry that disclose the item
★: position when every company is lined up by value (not a judgement of the company)See the formulas
Source: document name, period covered, filing date and where it was obtained
Tables scroll sideways

Key figures

Operating margin 14.2%　Operating income ÷ net sales 　＝ ¥0.4 billion ÷ ¥3.0 billion
Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
Net margin 14.8%　Net income ÷ net sales 　＝ ¥0.4 billion ÷ ¥3.0 billion
Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
Sales per employee 273,379,000 yen　Sales or operating revenue ÷ employees 　＝ ¥3.0 billion ÷ 11 people
Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
Total asset turnover 0.29 times　Sales or operating revenue ÷ total assets 　＝ ¥3.0 billion ÷ ¥10.4 billion
Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
Net assets to total assets 88.8%　Net assets ÷ total assets 　＝ ¥9.2 billion ÷ ¥10.4 billion
Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

Representative　President, Representative Director, gBizINFO
Consolidated subsidiaries　Annual Securities Report

Revenue and profit by business segment

Source: segment information, Annual Securities Report (Mar 2025 to Feb 2026) · Consolidated · Net sales to external customers · filed 2026-05-28
Share: against the total of Net sales to external customers disclosed by business (100%). Adjustments, corporate, eliminations and “other” left out as they are not businesses (so no match with company-wide Net sales to external customers). Margin: calculated against the Net sales to external customers on the same row“報告セグメント計” in the segment information of the annual securities report: ¥2.9 billion. Gap against this table’s total (the part not listed as a business, such as “other”) within 1%The account may differ from “Revenue” at the top of this page

Amounts by account

Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
Each item: already inside the SG&A total (not added to it)

Finance

Net assets to total assets　Net assets ÷ total assets
Return on assets (ROA)　Net income ÷ total assets (consolidated)
Net assets per share　Consolidated
Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
Total assets　Consolidated

Capital allocation

★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥45.00 million, over net assets ¥9.2 billion

Long-term changes in performance

Revenue　Disclosed value for 2026 ÷ disclosed value for 2013

Year-on-year comparison

Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Return on equity over time

Return on equity (ROE): net profit as a proportion of equity. For Japanese companies, the disclosed value in the key financial indicators of the annual securities report (decimals converted to percentages)

Dividend history

Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above.

Share ownership by holder category

Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Real Estate that disclose the item (industries with at least 5 companies only).

Major shareholders

Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Revenue scale in the same industry

Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 11 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Real Estate that disclose the item (industries with at least 5 companies only).

People and organisation

Sales per employee　Net sales (or operating revenue) ÷ employees
Operating income per employee　Operating income ÷ employees

Audit and disclosure information

Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of LAND Co.,Ltd. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 7020001031746 / Accounting standard: Japanese GAAP

Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
“Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork

LAND

Company highlights

Key figures

Company profile

Disclosed data

Business activities and revenue composition

Revenue and profit by business segment

Revenue and profit

Selling, general and administrative expenses

Performance, financial position and capital allocation

Long-term changes in performance

Long-term revenue, profit and asset trends

Recent performance trends

Year-on-year comparison

Fiscal periods marked for changes

Earnings and net assets per share over time

Return on equity over time

Dividend history

Dividends per share over time

Shareholder composition

Share ownership by holder category

Major shareholders

Revenue scale in the same industry

Workforce information

Audit and disclosure information

Related books, articles and videos

Sources and methodology

Terms

Key figures

Company details

Revenue and profit by business segment

Amounts by account

Selling, general and administrative expenses

Finance

Capital allocation

Long-term changes in performance

Year-on-year comparison

Earnings and net assets per share over time

Return on equity over time

Dividend history

Share ownership by holder category

Major shareholders

Revenue scale in the same industry

Workforce information

People and organisation

Audit and disclosure information

Data sources and calculation methods