J-LEASE CO.,LTD.

ジェイリース株式会社

Real Estate · Real Estate Services

J-Lease Co.,Ltd. engages in guarantor-related business. The company offers rent debt guarantee, medical expenses guarantee, and child support guarantee services. The company was incorporated in 2004 and is headquartered in Oita, Japan.

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Price

¥1,325

Market Cap

¥23.9B

Ent. Value

¥26.6B

Net Debt

−¥2.7B

Shares Out.

18.0M

P / E

9.6×

EV / EBIT

7.3×

P / Book

3.20×

P / NCAV

N/M

Div. Yield

1.89%

Financials

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥21.6B	¥17.3B	¥13.2B	¥11.0B	¥9.2B
Cost of Sales	¥7.0B	¥5.5B	¥3.5B	¥2.6B	¥2.1B
Gross Profit	¥14.6B	¥11.8B	¥9.7B	¥8.3B	¥7.1B
SG&A	¥11.0B	¥8.7B	¥7.1B	¥5.8B	¥5.1B
Operating Income	¥3.6B	¥3.1B	¥2.6B	¥2.5B	¥2.0B
Non-Operating Income	¥49M	¥39M	¥26M	¥25M	¥5M
Dividend Income	—	¥0M	¥0M	¥1M	¥0M
Interest Income	—	¥2M	¥0M	¥0M	¥0M
Non-Operating Expenses	—	¥44M	¥21M	¥24M	¥30M
Interest Expense	—	¥25M	¥16M	¥20M	¥27M
Ordinary Income	¥3.6B	¥3.1B	¥2.6B	¥2.5B	¥1.9B
Pre-tax Income	¥3.6B	¥3.1B	¥2.6B	¥2.5B	¥1.9B
Income Taxes	¥1.1B	¥975M	¥777M	¥795M	¥605M
Current Tax	—	¥1.3B	¥888M	¥759M	¥623M
Deferred Tax	—	¥-329M	¥-110M	¥36M	¥-18M
Net Income (owners)	¥2.5B	¥2.1B	¥1.8B	¥1.7B	¥1.3B
Comprehensive Income	—	¥2.1B	¥1.8B	¥1.7B	¥1.3B
EBITDA	¥3.8B	¥3.4B	¥2.8B	¥2.6B	¥2.1B
Goodwill Amort. (J-GAAP)	—	¥64M	—	—	—
EPS	¥137.93	¥117.14	¥100.69	¥187.46	¥150.95
Shares Outstanding	—	18.0M	17.9M	8.9M	8.9M
Shares Issued (total)	—	18.0M	17.9M	8.9M	8.9M
Treasury Shares	—	0.0M	0.0M	0.0M	0.0M

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥22.1B	¥15.6B	¥11.6B	¥9.8B	¥8.8B
Current Assets	¥14.5B	¥11.6B	¥9.4B	¥7.7B	¥6.6B
Cash & Deposits	¥2.7B	¥2.4B	¥1.4B	¥1.2B	¥1.0B
Non-Current Assets	¥7.7B	¥4.1B	¥2.2B	¥2.1B	¥2.2B
PP&E	¥1.6B	¥494M	¥270M	¥347M	¥420M
Goodwill	—	¥636M	—	—	—
Intangible Assets	—	¥1.2B	¥245M	¥224M	¥276M
Investment Securities	¥257M	¥129M	¥128M	¥73M	¥80M
Deferred Tax Assets	—	¥1.7B	¥1.3B	¥1.2B	¥1.3B
Total Liabilities	¥14.8B	¥9.7B	¥7.0B	¥6.3B	¥6.5B
Current Liabilities	¥11.7B	¥8.2B	¥6.8B	¥6.1B	¥6.2B
ST Debt	¥3.1B	¥1.2B	¥1.2B	¥1.3B	¥1.9B
Taxes Payable	—	¥935M	¥557M	¥496M	¥414M
Non-Current Liabilities	¥3.0B	¥1.5B	¥141M	¥169M	¥212M
Total LT Borrowings	¥2.3B	¥1.1B	—	¥82M	¥88M
Pension Obligations	—	¥42M	—	—	—
Total Equity	¥7.4B	¥5.9B	¥4.6B	¥3.5B	¥2.4B
Capital Stock	—	¥720M	¥718M	¥718M	¥717M
Capital Surplus	—	¥295M	¥293M	¥293M	¥292M
Retained Earnings	¥6.6B	¥5.0B	¥3.7B	¥2.6B	¥1.4B
Treasury Stock	—	¥-132M	¥-132M	¥-135M	¥-0M
AOCI	—	¥-0M	¥-0M	¥-0M	¥-0M
Equity (owners)	¥7.4B	¥5.9B	¥4.6B	¥3.5B	¥2.4B

Total Interest-Bearing Debt ⓘ	¥5.4B	¥2.3B	¥1.2B	¥1.3B	¥2.0B
Net Cash ⓘ	¥-2.7B	¥11M	¥198M	¥-147M	¥-932M
NCAV ⓘ	¥-284M	¥1.8B	¥2.4B	¥1.4B	¥140M
NCAV/Share	—	¥101	¥135	¥155	¥16
BV/Share	—	¥328	¥259	¥387	¥266

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥940M	¥2.1B	¥1.4B	¥1.6B	¥1.3B
Interest Paid	—	¥-26M	¥-16M	¥-20M	¥-27M
Interest Received	—	¥3M	¥0M	¥1M	¥0M
D&A	¥222M	¥198M	¥189M	¥183M	¥175M
Goodwill Amort.	—	¥64M	—	—	—
Investing CF	¥-1.6B	¥-1.3B	¥-347M	¥-154M	¥-289M
CapEx	¥872M	¥299M	¥78M	¥60M	¥207M
Purchase Investments	—	¥-5M	¥-100M	—	¥-80M
Financing CF	¥1.0B	¥135M	¥-778M	¥-1.2B	¥-1.1B
Dividends Paid	—	¥-805M	¥-626M	¥-446M	¥-178M
Share Buybacks	—	¥-0M	—	¥-135M	¥-0M
LT Debt Repaid	—	¥-118M	¥-88M	¥-66M	¥-65M
Free Cash Flow	¥68M	¥1.8B	¥1.3B	¥1.5B	¥1.1B
Net Change in Cash	—	¥913M	¥237M	¥179M	¥-81M

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	37.1%	39.6%	44.3%	57.2%	74.9%
ROA	13.1%	15.3%	16.8%	17.9%	15.2%
EPS	¥137.93	¥117.14	¥100.69	¥187.46	¥150.95
DPS	¥25.00	¥45.00	¥57.50	¥60.00	¥40.00
BPS	¥414.25	¥329.94	¥260.27	¥389.50	¥266.02
FCF/Share	—	¥98	¥72	¥168	¥127
NCAV/Share	—	¥101	¥135	¥155	¥16
Payout Ratio	18.1%	38.4%	57.1%	32.0%	26.5%

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 2

Date	Activist	Stake	Event	Flag	Demands	Source
2026-04-07	Nomura Securities Co.,Ltd.	3.89% -1.13%	change	Passive	—
2026-01-22	Nomura Securities Co.,Ltd.	5.02%	initial_5pct	Passive	—

Capital Allocation Signals 1

Date	Type	Amount	Summary
2026-05-13 16:00	Div Increase	¥991M ¥30.0/sh +33%	J J-LEASE announced a dividend increase for fiscal year ending March 31, 2026, raising the year-end dividend per share f…
Summary J J-LEASE announced a dividend increase for fiscal year ending March 31, 2026, raising the year-end dividend per share from the initially forecasted 25.00 yen to 30.00 yen, resulting in total annual dividend of 55.00 yen (33.3% increase YoY from 45.00 yen in prior year). The increase reflects better-than-expected earnings performance, with total dividend payout of 991 million yen maintaining the company's target payout ratio of approximately 40%. Deadline: 2026-06-29 YoY: +33% Source (JP) 2026年３月期の期末配当金を１株当たり30円といたします。この結果、配当性向は39.9％となります。剰余金の配当（増配）に関するお知らせ TDnet PDF

#	Shareholder	Shares (thou.)	% of Total
1	JLホールディングス株式会社	4,280	23.70%
2	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）	1,819	10.10%
3	中島拓	803	4.50%
4	THE HOWA BANK,LTD. 株式会社豊和銀行	320	1.80%
5	THE OITA BANK, LTD. 株式会社大分銀行	320	1.80%
6	Japan Custody Bank 株式会社日本カストディ銀行（信託口）	279	1.50%
7	矢下健二	235	1.30%
8	NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN (CASHPB) （常任代理人野村證券株式会社）	203	1.10%
9	阿部兼三	200	1.10%
10	BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE（常任代理人株式会社三菱UFJ銀行決済事業部）	198	1.10%

as of 2025-03-31 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

11.6%

+0.3% vs 2024

Trust bank custodians — GPIF, pensions, investment trusts

Foreign Custodians

1.1%

-0.1% vs 2024

Sub-custodians for foreign asset managers

Direct / Strategic

35.3%

-1.0% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
JLホールディングス		23.95%	23.90%	23.70% -0.20%
Japan Master Trust Bank 日本マスタートラスト信託銀行		5.86%	9.30%	10.10% +0.80%
中島拓		4.12%	4.10%	4.50% +0.40%
THE HOWA BANK,LTD. 式会社豊和銀行		1.79%	1.80%	1.80%
THE OITA BANK, LTD. 式会社大分銀行		1.79%	1.80%	1.80%
Japan Custody Bank 日本カストディ銀行		4.93%	2.00%	1.50% -0.50%
矢下健二		—	1.70%	1.30% -0.40%
BNY Mellon		—	1.20%	1.10% -0.10%
NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN (CASHPB) NEW ENTRY		1.37%	—	1.10% NEW
阿部兼三 NEW ENTRY	—	—	—	1.10% NEW
BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC) last seen 2024	Exited Top 10	1.90%	1.90%	—
Employee Stock Ownership Plan ジェイリース従業員持株会 last seen 2024	Exited Top 10	1.38%	1.10%	—
JP Morgan last seen 2023	Exited Top 10	1.68%	—	—
Concentration (HHI) ⓘ		666	694	698

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

Portfolio Book Value ¥0M -17% since 2023

Holdings 1

Trend Stable vs 2023

Held Company	FY2025 ¥0M total		FY2023 ¥1M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
THE HOWA BANK,LTD. 株式会社豊和銀行	0	1,000	1	1,000	M
Portfolio total	0		1

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