Paraca Co., Ltd.

パラカ株式会社

Real Estate

← Companies

Price

¥1,965

Market Cap

¥20.5B

Ent. Value

¥41.1B

Net Debt

−¥20.5B

Shares Out.

10.4M

P / E

9.7×

EV / EBIT

12.6×

P / Book

0.96×

P / NCAV

N/M

Div. Yield

3.41%

Financials

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥17.6B	¥16.4B	¥14.8B	¥13.0B	¥11.8B
Cost of Sales	¥12.3B	¥11.5B	¥10.1B	¥9.2B	¥8.5B
Gross Profit	¥5.3B	¥4.9B	¥4.7B	¥3.8B	¥3.3B
SG&A	¥2.1B	¥1.9B	¥1.7B	¥1.5B	¥1.5B
Operating Income	¥3.3B	¥3.0B	¥2.9B	¥2.3B	¥1.8B
Non-Operating Income	¥13M	¥6M	¥5M	¥2M	¥8M
Dividend Income	¥1M	¥0M	¥0M	¥0M	¥0M
Interest Income	¥4M	¥0M	¥0M	¥0M	¥0M
Non-Operating Expenses	¥330M	¥250M	¥227M	¥216M	¥219M
Interest Expense	¥326M	¥249M	¥225M	¥212M	¥213M
Ordinary Income	¥2.9B	¥2.8B	¥2.7B	¥2.0B	¥1.6B
Pre-tax Income	¥3.0B	¥2.6B	¥2.7B	¥2.0B	¥1.4B
Income Taxes	¥910M	¥786M	¥839M	¥653M	¥467M
Current Tax	¥911M	¥795M	¥838M	¥679M	¥555M
Deferred Tax	¥-1M	¥-8M	¥0M	¥-25M	¥-88M
Net Income (owners)	¥2.0B	¥1.8B	¥1.8B	¥1.4B	¥977M
EBITDA	¥3.9B	¥3.6B	¥3.5B	¥2.8B	¥2.4B
EPS	¥202.35	¥181.03	¥181.87	¥139.67	¥98.19
Shares Outstanding	10.4M	10.4M	10.3M	10.3M	10.3M
Shares Issued (total)	10.4M	10.4M	10.3M	10.3M	10.3M

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥49.4B	¥44.5B	¥39.8B	¥37.7B	¥35.8B
Current Assets	¥4.7B	¥4.5B	¥4.6B	¥4.7B	¥4.8B
Cash & Deposits	¥3.7B	¥3.5B	¥3.7B	¥4.0B	¥4.2B
Trade Receivables	¥291M	¥249M	¥197M	¥167M	¥129M
Non-Current Assets	¥44.7B	¥39.9B	¥35.3B	¥32.9B	¥30.9B
PP&E	¥43.8B	¥39.1B	¥34.6B	¥32.3B	¥30.3B
Intangible Assets	¥147M	¥51M	¥51M	¥9M	¥12M
Investment Securities	¥30M	¥24M	¥23M	¥35M	¥36M
Deferred Tax Assets	¥228M	¥232M	¥228M	¥236M	¥221M
Total Liabilities	¥28.5B	¥25.1B	¥21.7B	¥20.8B	¥19.8B
Current Liabilities	¥5.0B	¥4.3B	¥4.0B	¥3.5B	¥3.2B
ST Debt	¥2.8B	¥2.6B	¥2.3B	¥2.0B	¥1.8B
Taxes Payable	¥606M	¥465M	¥586M	¥476M	¥446M
Non-Current Liabilities	¥23.6B	¥20.7B	¥17.7B	¥17.3B	¥16.5B
Total LT Borrowings	¥21.4B	¥19.2B	¥16.7B	¥16.3B	¥15.4B
Total Equity	¥20.9B	¥19.4B	¥18.1B	¥16.9B	¥16.0B
Capital Stock	¥2.0B	¥1.9B	¥1.9B	¥1.8B	¥1.8B
Capital Surplus	¥2.4B	¥2.3B	¥2.3B	¥2.3B	¥2.3B
Retained Earnings	¥16.9B	¥15.5B	¥14.3B	¥13.1B	¥12.3B
Treasury Stock	¥-375M	¥-375M	¥-377M	¥-378M	¥-379M
AOCI	¥9M	¥-1M	¥-12M	¥-26M	¥-50M
Equity (owners)	¥20.8B	¥19.3B	¥18.1B	¥16.9B	¥16.0B

Total Interest-Bearing Debt ⓘ	¥24.2B	¥21.9B	¥18.9B	¥18.3B	¥17.2B
Net Cash ⓘ	¥-20.5B	¥-18.3B	¥-15.2B	¥-14.4B	¥-13.0B
NCAV ⓘ	¥-23.8B	¥-20.5B	¥-17.2B	¥-16.1B	¥-14.9B
NCAV/Share	¥-2,279	¥-1,979	¥-1,664	¥-1,559	¥-1,452
BV/Share	¥1,997	¥1,866	¥1,753	¥1,638	¥1,557

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥3.0B	¥2.2B	¥2.7B	¥2.0B	¥2.4B
Interest Paid	¥-321M	¥-249M	¥-225M	¥-212M	¥-212M
Interest Received	¥5M	¥1M	¥0M	¥0M	¥0M
D&A	¥631M	¥532M	¥523M	¥564M	¥601M
Investing CF	¥-4.3B	¥-4.5B	¥-2.6B	¥-2.5B	¥-1.3B
CapEx	¥4.6B	¥4.4B	¥2.5B	¥2.8B	¥1.3B
Financing CF	¥1.4B	¥2.1B	¥-326M	¥255M	¥-1.4B
Dividends Paid	¥-659M	¥-655M	¥-635M	¥-563M	¥-559M
LT Debt Repaid	¥-2.9B	¥-2.5B	¥-2.1B	¥-2.1B	¥-1.8B
Free Cash Flow	¥-1.5B	¥-2.2B	¥167M	¥-828M	¥1.2B
Net Change in Cash	¥127M	¥-193M	¥-223M	¥-221M	¥-317M

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	10.2%	9.7%	10.4%	8.5%	6.2%
ROA	4.4%	4.3%	4.7%	3.8%	2.7%
EPS	¥202.35	¥181.03	¥181.87	¥139.67	¥98.19
DPS	¥67.00	¥64.00	¥64.00	¥62.00	¥55.00
BPS	¥2,056.43	¥1,920.81	¥1,805.60	¥1,685.77	¥1,600.26
FCF/Share	¥-148	¥-210	¥16	¥-80	¥114
NCAV/Share	¥-2,279	¥-1,979	¥-1,664	¥-1,559	¥-1,452
Payout Ratio	33.1%	35.4%	35.2%	44.4%	56.0%

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 6

Date	Activist	Stake	Event	Flag	Demands
2026-05-11	Hikari Tsushin K.K.	5.02%	initial_5pct	Passive	—
2024-02-15	HIROSHI KANEHIRA	5.81%	correction	Passive	—
2024-02-15	HIROSHI KANEHIRA	5.31% -0.5%	correction	Passive	—
2024-02-05	HIROSHI KANEHIRA	5.8%	change	Passive	—
2024-02-05	HIROSHI KANEHIRA	5.3% -0.5%	change	Passive	—
2023-12-21	ITOCHU Corporation	22.18%	change	Passive	—

#	Shareholder	Shares (thou.)	% of Total
1	伊藤忠商事株式会社	2,287,100	22.01%
2	The Master Trust Bank of Japan, Ltd. (Trust Account) 日本マスタートラスト信託銀行株式会社（信託口）	716,500	6.89%
3	有限会社リョウコーポレーション	670,000	6.45%
4	Custody Bank of Japan, Ltd. (Trust Account) 株式会社日本カストディ銀行（信託口）	498,436	4.80%
5	ＳＢＩホールディングス株式会社	399,900	3.85%
6	兼平宏	397,000	3.82%
7	内藤宗	317,500	3.06%
8	内藤主	301,700	2.90%
9	ＭＳＩＰＣＬＩＥＮＴＳＥＣＵＲＩＴＩＥＳ（常任代理人モルガン・スタンレーMUFG証券株式会社）	271,600	2.61%
10	内藤亨	244,200	2.35%

as of 2025-09-30 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

11.7%

-1.4% vs 2024

Trust bank custodians — GPIF, pensions, investment trusts

Foreign Custodians

0.0%

+0.0% vs 2024

Sub-custodians for foreign asset managers

Direct / Strategic

47.0%

-1.4% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
伊藤忠商事		19.60%	22.16%	22.01% -0.15%
日本マスタートラスト信託銀行		7.76%	7.74%	6.89% -0.85%
限会社リョウコーポレーション		6.83%	6.78%	6.45% -0.33%
日本カストディ銀行		4.53%	5.38%	4.80% -0.58%
ＳＢＩホールディングス		3.90%	3.87%	3.85% -0.02%
兼平宏		5.33%	4.40%	3.82% -0.58%
内藤宗		2.93%	2.94%	3.06% +0.12%
内藤主		2.93%	2.92%	2.90% -0.02%
ＭＳＩＰＣＬＩＥＮＴＳＥＣＵＲＩＴＩＥＳ NEW ENTRY	—	—	—	2.61% NEW
内藤亨 NEW ENTRY	—	—	—	2.35% NEW
ＧＯＬＤＭＡＮＳＡＣＨＳＩＮＴＥＲＮＡＴＩＯＮＡＬ last seen 2024	Exited Top 10	—	3.04%	—
三井住友銀行 last seen 2024	Exited Top 10	2.34%	2.33%	—
式会社プレステージ・インターナショナル last seen 2023	Exited Top 10	2.72%	—	—
Concentration (HHI) ⓘ		585	692	656

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥30M +30% since 2023

Holdings 1

Trend Stable vs 2023

Held Company	FY2025 ¥30M total		FY2023 ¥23M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
Nippon Signal Company,Limited 日本信号株式会社	30	25,300	23	25,300
Portfolio total	30		23

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding