LEAD REAL ESTATE CO., LTD
LRE · Operative Builders · EDGAR filings ↗
Grade
C67Profitable, cash-generative Japanese luxury homebuilder with strong cash flow but mid-pack returns and flat revenue.
Strengths
- Top-tier operating cash margin (17.6%, 100th pct) and net income growth +35% (89th); positive FCF (76th)
- Gross margin improved to 19.8% and strong cash position (92nd pct)
Risks
- Returns are mid-pack (ROA 4.1%, 39th pct; net margin 4.5%, 40th) with flat revenue (-0.6%)
- Substantial indebtedness and reliance on third-party contractors/land sourcing
Key metrics
Operating margin
7.8%
Net margin
4.5%
Return on assets
4.1%
Revenue growth (QoQ)
-3.5%
Net-income growth
31.1%
Current ratio
1.3×
Free cash flow
$5M
EBITDA
$11M
Cash & investments
$19M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-10-30 | 2025-06-30 | 0001104659-25-104370 ↗ |
| 20-F | 2024-10-31 | 2024-06-30 | 0001104659-24-113122 ↗ |
| 20-F | 2023-11-15 | 2023-06-30 | 0001104659-23-118675 ↗ |