3288
Open House Group Co., Ltd
株式会社オープンハウスグループ
Real Estate · Real Estate - Diversified
Open House Group Co., Ltd. operates in the real estate businesses. It provides real estate sales and purchase agency/brokerage services. The company also sells newly built detached houses; and develops condominiums. In addition, it engages in the real estate investment and finance businesses; and other businesses. The company was formerly known as Open House Co., Ltd. and changed its name to Open House Group Co., Ltd. in January 2022. The company was incorporated in 1996 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥1,336.5B
¥1,295.9B
¥1,148.5B
¥952.7B
¥810.5B
Cost of Sales
¥1,093.3B
¥1,088.9B
¥930.1B
¥768.1B
¥655.2B
Gross Profit
¥243.2B
¥206.9B
¥218.4B
¥184.6B
¥155.3B
SG&A
¥97.2B
¥87.8B
¥76.0B
¥65.2B
¥54.2B
Operating Income
¥145.9B
¥119.1B
¥142.3B
¥119.4B
¥101.1B
Non-Operating Income
¥4.5B
¥9.2B
¥2.4B
¥8.3B
¥2.5B
Dividend Income
¥113M
¥1.6B
¥137M
¥1.9B
¥13M
Interest Income
¥2.1B
¥1.3B
¥625M
¥170M
¥17M
Non-Operating Expenses
¥10.9B
¥8.0B
¥7.8B
¥6.5B
¥6.0B
Interest Expense
¥7.7B
¥5.5B
¥4.0B
¥3.5B
¥3.1B
Ordinary Income
¥139.5B
¥120.3B
¥136.9B
¥121.2B
¥97.6B
Pre-tax Income
¥144.8B
¥133.6B
¥136.9B
¥121.0B
¥102.0B
Income Taxes
¥40.5B
¥33.7B
¥38.5B
¥37.0B
¥29.2B
Current Tax
¥43.2B
¥34.2B
¥41.7B
¥35.9B
¥29.8B
Deferred Tax
¥-2.7B
¥-568M
¥-3.2B
¥1.1B
¥-611M
Net Income (owners)
¥100.7B
¥92.9B
¥92.0B
¥77.9B
¥69.6B
Minority Interest
¥3.6B
¥7.1B
¥6.3B
¥6.1B
¥3.2B
Comprehensive Income
¥108.2B
¥96.3B
¥101.4B
¥94.8B
¥74.5B
EBITDA
¥148.6B
¥122.0B
¥144.2B
¥121.2B
¥102.5B
Goodwill Amort. (J-GAAP)
¥617M
¥642M
¥423M
¥423M
¥423M
EPS
¥875.20
¥782.60
¥763.72
¥626.24
¥552.40
Shares Outstanding
112.5M
116.5M
120.6M
120.5M
126.1M
Shares Issued (total)
120.7M
120.7M
120.6M
120.5M
126.1M
Treasury Shares
8.2M
4.2M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥1,412.0B
¥1,282.1B
¥1,198.7B
¥1,031.2B
¥879.9B
Current Assets
¥1,312.8B
¥1,198.6B
¥1,130.8B
¥981.7B
¥830.7B
Cash & Deposits
¥421.9B
¥410.0B
¥401.9B
¥349.3B
¥337.7B
Non-Current Assets
¥99.2B
¥83.5B
¥67.9B
¥49.5B
¥49.2B
PP&E
¥30.6B
¥31.2B
¥28.5B
¥21.1B
¥21.3B
Intangible Assets
¥2.3B
¥2.5B
¥2.7B
¥2.9B
¥3.0B
Investment Securities
¥47.3B
¥33.4B
¥21.0B
¥13.3B
¥13.2B
Deferred Tax Assets
¥11.2B
¥8.7B
¥8.3B
¥5.2B
¥6.3B
Total Liabilities
¥873.2B
¥746.2B
¥718.3B
¥635.5B
¥532.8B
Current Liabilities
¥412.9B
¥348.8B
¥373.5B
¥309.5B
¥256.2B
ST Debt
¥261.5B
¥216.0B
¥221.2B
¥183.6B
¥161.8B
Taxes Payable
¥25.7B
¥12.5B
¥22.5B
¥20.3B
¥18.2B
Non-Current Liabilities
¥460.2B
¥397.4B
¥344.7B
¥326.0B
¥276.5B
Total LT Borrowings
¥458.4B
¥395.2B
¥343.7B
¥325.1B
¥275.1B
Pension Obligations
¥103M
¥817M
¥326M
¥318M
¥311M
Deferred Tax Liab.
—
¥29M
—
—
¥121M
Total Equity
¥538.8B
¥535.9B
¥480.4B
¥395.7B
¥347.1B
Capital Stock
¥20.2B
¥20.1B
¥20.1B
¥20.1B
¥19.9B
Capital Surplus
¥32.8B
¥19.4B
¥19.8B
¥19.9B
¥29.1B
Retained Earnings
¥514.9B
¥433.5B
¥361.6B
¥286.3B
¥244.2B
Treasury Stock
¥-44.9B
¥-19.9B
¥-18M
¥-18M
¥0M
AOCI
¥14.6B
¥10.7B
¥14.4B
¥11.4B
¥552M
Equity (owners)
¥523.0B
¥453.2B
¥401.4B
¥326.2B
¥293.3B
Minority Interests
¥209M
¥71.2B
¥63.8B
¥57.6B
¥52.8B
Total Interest-Bearing Debt ⓘ
¥720.0B
¥611.3B
¥564.9B
¥508.7B
¥436.9B
Net Cash ⓘ
¥-298.1B
¥-201.3B
¥-163.0B
¥-159.4B
¥-99.2B
NCAV ⓘ
¥439.6B
¥452.4B
¥412.5B
¥346.2B
¥298.0B
NCAV/Share
¥3,907
¥3,884
¥3,421
¥2,873
¥2,363
BV/Share
¥4,648
¥3,891
¥3,329
¥2,708
¥2,325
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥29.5B
¥104.8B
¥17.4B
¥-16.4B
¥50.1B
Interest Paid
¥-7.7B
¥-5.6B
¥-3.9B
¥-3.5B
¥-3.1B
Interest Received
¥2.2B
¥2.9B
¥763M
¥2.0B
¥26M
D&A
¥2.1B
¥2.3B
¥1.5B
¥1.4B
¥953M
Goodwill Amort.
¥617M
¥642M
¥423M
¥423M
¥423M
Investing CF
¥-11.1B
¥-22.6B
¥-35.6B
¥-4.4B
¥23.5B
CapEx
¥3.1B
¥4.8B
¥6.4B
¥3.1B
¥1.8B
Purchase Investments
¥-2.3B
¥-31.5B
¥-2.4B
¥-3.2B
¥-7.6B
Financing CF
¥-3.0B
¥-69.3B
¥49.1B
¥24.7B
¥40.6B
Dividends Paid
¥-19.3B
¥-21.0B
¥-16.8B
¥-15.6B
¥-11.3B
Share Buybacks
¥-25.0B
¥-19.9B
¥0M
¥-30.0B
—
LT Debt Repaid
¥-169.0B
¥-192.7B
¥-179.4B
¥-175.3B
¥-123.8B
Free Cash Flow
¥26.4B
¥99.9B
¥11.0B
¥-19.5B
¥48.3B
Net Change in Cash
¥16.6B
¥12.2B
¥32.6B
¥10.8B
¥115.1B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
20.1%
21.1%
24.4%
24.7%
26.4%
ROA
7.5%
7.5%
8.3%
8.2%
7.9%
EPS
¥875.20
¥782.60
¥763.72
¥626.24
¥552.40
DPS
¥178.00
¥166.00
¥164.00
¥129.00
¥112.00
BPS
¥4,777.42
¥3,982.75
¥3,448.66
¥2,802.19
¥2,329.72
FCF/Share
¥235
¥858
¥91
¥-162
¥383
NCAV/Share
¥3,907
¥3,884
¥3,421
¥2,873
¥2,363
Payout Ratio
20.3%
21.2%
21.5%
20.6%
20.3%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 8
Date Activist Stake Event Flag Demands Source
2026-05-19
Ichigo Asset Management International, Pte. Ltd.
13.3%
+0.66%
change
Passive
—
2025-10-14
Ichigo Asset Management International, Pte. Ltd.
12.64%
+1.01%
change
Passive
—
2024-12-11
Masaaki Arai
34.42%
-0.94%
change
Passive
—
2024-06-12
Ichigo Asset Management International, Pte. Ltd.
11.63%
+1.04%
change
Passive
—
2024-04-26
Ichigo Asset Management International, Pte. Ltd.
10.59%
+1.05%
change
Passive
—
2023-12-20
Ichigo Asset Management International, Pte. Ltd.
9.54%
change
Passive
—
2023-11-29
Masaaki Arai
35.36%
change
Passive
—
2023-10-17
Open House Group Co., Ltd.
100.0%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
荒井 正昭
38,237,200
33.97%
2
いちごトラスト・ピーティーイー・リミテッド(常任代理人香港上海銀行東京支店)
15,242,100
13.54%
3
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
9,867,800
8.76%
4
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
3,303,000
2.93%
5
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385864(常任代理人株式会社みずほ銀行)
2,960,492
2.63%
6
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385632(常任代理人株式会社みずほ銀行)
2,204,660
1.95%
7
特定有価証券信託受託者株式会社SMBC信託銀行
2,200,000
1.95%
8
今村 仁司
1,708,700
1.51%
9
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人株式会社みずほ銀行)
1,368,981
1.21%
10
モルガン・スタンレーMUFG証券株式会社
1,276,138
1.13%
Domestic Nominees
11.7%
-0.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.8%
-0.1% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
52.1%
+2.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
荒井 正昭
—
32.82%
33.97%
+1.15%
いちごトラスト・ピーティーイー・リミテッド
8.80%
12.79%
13.54%
+0.75%
Japan Master Trust Bank
日本マスタートラスト信託銀行
9.76%
9.44%
8.76%
-0.68%
JP Morgan
↑
—
1.13%
4.58%
+3.45%
Japan Custody Bank
日本カストディ銀行
2.84%
3.16%
2.93%
-0.23%
特定有価証券信託受託者株式会社SMBC信託銀行
3.74%
2.93%
1.95%
-0.98%
今村 仁司
—
1.46%
1.51%
+0.05%
State Street
3.37%
3.26%
1.21%
-2.05%
Morgan Stanley
NEW ENTRY
1.38%
—
1.13%
NEW
Northern Trust
last seen 2024
Exited Top 10
—
1.50%
—
BNY Mellon
last seen 2023
Exited Top 10
1.39%
—
—
今村仁司
last seen 2023
Exited Top 10
1.66%
—
—
荒井正昭
last seen 2023
Exited Top 10
31.70%
—
—
Concentration (HHI)
ⓘ
1218
1365
1452
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved