5078
CEL Corporation
株式会社セレコーポレーション
Real Estate · Real Estate Services
CEL Corporation provides consulting services on land utilization. The company also engages in the business related to design and construction, civil engineering works; property management, building leasing, and management and operations; real estate sales, leasing, exchange and its agency, and mediation; and building renovation and maintenance. In addition, it is involved in the business related to manufacturing and processing of steel components and materials, operates non-life insurance agency business and life insurance solicitation business; and provision of apartment management services. CEL Corporation was incorporated in 1993 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
¥20.2B
¥23.9B
¥23.1B
¥21.4B
¥18.4B
Cost of Sales
¥15.8B
¥19.2B
¥19.1B
¥18.0B
¥15.4B
Gross Profit
¥4.4B
¥4.7B
¥4.0B
¥3.4B
¥3.0B
SG&A
¥2.7B
¥2.7B
¥2.3B
¥2.2B
¥2.1B
Operating Income
¥1.7B
¥2.0B
¥1.6B
¥1.2B
¥911M
Non-Operating Income
¥12M
¥28M
¥24M
¥27M
¥261M
Dividend Income
¥1M
¥2M
¥2M
¥1M
¥1M
Interest Income
¥4M
¥1M
¥0M
¥0M
¥7M
Non-Operating Expenses
¥1M
¥6M
¥3M
¥5M
¥192M
Interest Expense
¥1M
¥1M
¥2M
¥1M
¥20M
Ordinary Income
¥1.7B
¥2.0B
¥1.7B
¥1.3B
¥980M
Pre-tax Income
¥1.5B
¥2.1B
¥1.7B
¥1.3B
¥17.6B
Income Taxes
¥388M
¥647M
¥549M
¥401M
¥6.9B
Current Tax
¥335M
¥735M
¥715M
¥50M
¥7.1B
Deferred Tax
¥53M
¥-88M
¥-166M
¥352M
¥-203M
Net Income (owners)
¥1.1B
¥1.4B
¥1.1B
¥853M
¥10.7B
Comprehensive Income
¥1.2B
¥1.4B
¥1.1B
¥859M
¥10.6B
EBITDA
¥1.9B
¥2.2B
¥1.8B
¥1.4B
¥1.3B
EPS
¥338.75
¥417.62
¥322.54
¥247.64
¥3,307.36
Shares Outstanding
3.5M
3.5M
3.5M
3.5M
3.2M
Shares Issued (total)
3.5M
3.5M
3.5M
3.5M
3.5M
Treasury Shares
0.0M
0.0M
0.0M
0.0M
0.2M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥24.6B
¥24.9B
¥24.2B
¥22.4B
¥27.4B
Current Assets
¥21.8B
¥22.0B
¥21.3B
¥19.8B
¥24.5B
Cash & Deposits
¥16.1B
¥18.6B
¥17.7B
¥14.2B
¥19.5B
Non-Current Assets
¥2.8B
¥2.8B
¥2.9B
¥2.6B
¥2.9B
PP&E
¥1.8B
¥1.8B
¥1.9B
¥1.9B
¥1.8B
Intangible Assets
¥142M
¥111M
¥111M
¥98M
¥99M
Investment Securities
¥54M
¥30M
¥96M
¥107M
¥124M
Deferred Tax Assets
¥216M
¥276M
¥181M
¥31M
¥375M
Total Liabilities
¥3.5B
¥4.5B
¥4.8B
¥3.6B
¥9.7B
Current Liabilities
¥3.2B
¥4.2B
¥4.3B
¥3.2B
¥9.2B
Accounts Payable
¥119M
¥130M
¥164M
¥123M
¥109M
ST Debt
—
—
¥200M
¥200M
¥1.2B
Taxes Payable
¥18M
¥396M
¥721M
¥20M
¥5.3B
Non-Current Liabilities
¥283M
¥273M
¥432M
¥453M
¥458M
Deferred Tax Liab.
—
—
—
¥10M
—
Total Equity
¥21.1B
¥20.4B
¥19.4B
¥18.8B
¥17.8B
Capital Stock
¥447M
¥447M
¥447M
¥447M
¥419M
Capital Surplus
¥377M
¥377M
¥343M
¥324M
¥196M
Retained Earnings
¥20.6B
¥19.9B
¥18.9B
¥18.0B
¥17.4B
Treasury Stock
¥-330M
¥-331M
¥-255M
¥-32M
¥-293M
AOCI
¥34M
¥18M
¥42M
¥27M
¥22M
Equity (owners)
¥21.1B
¥20.4B
¥19.4B
¥18.8B
¥17.7B
Total Interest-Bearing Debt ⓘ
—
—
¥200M
¥200M
¥1.2B
Net Cash ⓘ
¥16.1B
¥18.6B
¥17.5B
¥14.0B
¥18.3B
NCAV ⓘ
¥18.3B
¥17.6B
¥16.6B
¥16.2B
¥14.9B
NCAV/Share
¥5,286
¥5,071
¥4,798
¥4,658
¥4,605
BV/Share
¥6,081
¥5,885
¥5,617
¥5,411
¥5,497
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-1.6B
¥1.5B
¥4.3B
¥-4.2B
¥-4.2B
Interest Paid
¥-1M
¥-1M
¥-2M
¥-1M
¥-20M
Interest Received
¥5M
¥4M
¥2M
¥1M
¥8M
D&A
¥163M
¥161M
¥159M
¥157M
¥414M
Investing CF
¥-620M
¥-100M
¥-342M
¥-262M
¥17.2B
CapEx
¥246M
¥55M
¥193M
¥191M
¥78M
Proceeds from Invest.
—
¥44M
—
—
—
Financing CF
¥-467M
¥-605M
¥-481M
¥-821M
¥-647M
Dividends Paid
¥-468M
¥-362M
¥-277M
¥-258M
¥-261M
Share Buybacks
¥-0M
¥-45M
¥-204M
¥-0M
¥-74M
Free Cash Flow
¥-1.9B
¥1.5B
¥4.1B
¥-4.4B
¥-4.3B
Net Change in Cash
¥-2.7B
¥821M
¥3.5B
¥-5.3B
¥12.4B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
5.5%
7.1%
5.8%
4.7%
84.5%
ROA
4.6%
5.8%
4.8%
3.4%
38.9%
EPS
¥338.75
¥417.62
¥322.54
¥247.64
¥3,307.36
DPS
¥135.00
¥135.00
¥105.00
¥80.00
¥80.00
BPS
¥6,232.69
¥6,027.57
¥5,720.38
¥5,419.46
¥5,503.49
FCF/Share
¥-540
¥424
¥1,202
¥-1,261
¥-1,319
NCAV/Share
¥5,286
¥5,071
¥4,798
¥4,658
¥4,605
Payout Ratio
39.9%
32.3%
32.6%
32.3%
2.4%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 9
Date Activist Stake Event Flag Demands Source
2026-03-26
Makitech Co., Ltd.
8.59%
-0.07%
correction
Passive
—
2026-03-25
Makitech Co., Ltd.
8.66%
change
Passive
—
2026-03-05
Hikari Tsushin K.K.
9.09%
+1.02%
change
Passive
—
2025-09-29
Hikari Tsushin K.K.
8.07%
+0.57%
change
Passive
—
2025-04-14
Hikari Tsushin K.K.
7.5%
+1.07%
change
Passive
—
2024-10-09
J CORPORATION CO., LTD.
57.45%
correction
Passive
—
2024-09-25
J CORPORATION CO., LTD.
57.45%
change
Passive
—
2024-09-10
Hikari Tsushin K.K.
6.43%
+1.41%
change
Passive
—
2024-06-28
Hikari Tsushin K.K.
5.02%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
株式会社ジェイコーポレーション
2,006,000
57.86%
2
株式会社マキテック
400,000
11.54%
3
光通信KK投資事業有限責任組合
223,300
6.44%
4
セレコーポレーション社員持株会
109,000
3.14%
5
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託E口)
78,700
2.27%
6
UH Partners 2投資事業有限責任組合
58,400
1.68%
7
紀平久代
49,000
1.41%
8
山本幸
49,000
1.41%
9
INTERACTIVE BROKERS LLC[常任代理人]インタラクティブ・ブローカーズ証券株式会社
41,300
1.19%
10
貝本富哉
40,000
1.15%
Domestic Nominees
2.3%
-0.0% vs 2025
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2025
Sub-custodians for foreign asset managers
Direct / Strategic
85.8%
-1.4% vs 2025
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
2026
式会社ジェイコーポレーション
57.86%
58.11%
57.86%
57.86%
式会社マキテック
11.54%
11.59%
11.54%
11.54%
光通信KK投資事業有限責任組合
NEW ENTRY
—
—
—
—
6.44%
NEW
セレコーポレーション社員持株会
4.12%
3.68%
3.41%
3.14%
-0.27%
日本カストディ銀行
—
1.59%
2.28%
2.27%
-0.01%
UH Partners 2投資事業有限責任組合
NEW ENTRY
—
—
—
—
1.68%
NEW
紀平久代
—
—
1.41%
1.41%
山本幸
—
—
1.41%
1.41%
Interactive Brokers
1.47%
2.91%
2.07%
1.19%
-0.88%
貝本富哉
1.15%
1.16%
1.15%
1.15%
光通信
last seen 2025
Exited Top 10
3.04%
4.24%
7.18%
—
貝本貴哉
last seen 2025
Exited Top 10
—
1.16%
1.15%
—
日本マスタートラスト信託銀行
last seen 2024
Exited Top 10
1.91%
0.82%
—
—
阪和興業
last seen 2023
Exited Top 10
1.44%
—
—
—
貝本千世子
last seen 2023
Exited Top 10
1.15%
—
—
—
神農雅嗣
last seen 2024
Exited Top 10
2.83%
2.84%
—
—
Concentration (HHI)
ⓘ
3526
3565
3560
3547
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥54M
-21% since 2024
Holdings
1
Trend
1 unwinding
vs 2024
Held Company
FY2026
¥54M total
FY2024
¥68M total
Book Val ¥M
Shares
Book Val ¥M
Shares
HANWA CO.,LTD.
阪和興業株式会社
54
-50.0%
↓
6,000
68
12,000
Portfolio total
54
68
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding