8876
Relo Group Co., Ltd.
株式会社リログループ
Services
Relo Group, Inc. engages in the provision of property management services in Japan. The company is involved in the leased corporate housing management business that include consulting of dormitories and corporate housing, unattended house management services, real estate including brokerage and agency services for temporary residence, and real estate services and real estate brokerage; property management business; and tourism business. It also engages in the global relocation support business, which consists of global consulting training concerning overseas transfer, overseas business trips, accepting of foreigner employees, and overseas transfer regulations and treatment; solutions for HR activities; survey, sales and consulting of various indices; serviced apartment operation and management; and real estate brokerage. In addition, the company is involved in the finance and insurance business that comprises consulting for insurance. The company was formerly known as Relo Holdings, Inc. and changed its name to Relo Group, Inc. in July 2016. Relo Group, Inc. was incorporated in 1967 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
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥151.1B
¥142.9B
¥132.6B
¥123.7B
¥156.6B
Cost of Sales
¥80.8B
¥76.6B
¥72.0B
¥68.4B
¥90.3B
Gross Profit
¥70.3B
¥66.3B
¥60.5B
¥55.3B
¥66.3B
SG&A
¥42.8B
¥39.9B
¥36.0B
¥35.3B
¥51.6B
Operating Income
¥30.8B
¥30.4B
¥27.6B
¥22.7B
¥18.5B
Non-Operating Income
—
¥541M
¥1.3B
¥2.3B
¥64M
Non-Operating Expenses
—
¥496M
¥1.3B
¥915M
¥796M
Ordinary Income
¥30.9B
—
—
—
—
Pre-tax Income
¥30.9B
¥52.9B
¥-19.4B
¥25.9B
¥20.2B
Net Income (owners)
¥20.7B
¥43.3B
¥-27.8B
¥20.9B
¥15.6B
Minority Interest
—
¥483M
¥561M
¥601M
¥462M
Comprehensive Income
—
¥41.1B
¥-24.9B
¥18.8B
¥19.4B
EBITDA
¥49.5B
¥47.8B
¥44.2B
¥28.4B
¥25.3B
EPS
¥137.11
¥286.85
¥-181.93
¥136.62
¥90.34
Shares Outstanding
—
149.7M
152.9M
152.9M
153.0M
Shares Issued (total)
—
153.0M
153.0M
153.0M
153.0M
Treasury Shares
—
3.3M
0.2M
0.1M
0.0M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥324.3B
¥303.2B
¥290.2B
¥322.7B
¥301.6B
Current Assets
¥180.3B
¥167.0B
¥147.7B
¥147.3B
¥161.4B
Cash & Deposits
¥63.4B
¥64.0B
¥49.5B
¥43.7B
¥44.4B
Non-Current Assets
¥143.9B
¥136.1B
¥142.5B
¥175.4B
¥140.2B
PP&E
¥19.8B
¥17.2B
¥16.0B
¥14.2B
¥14.5B
Goodwill
—
¥16.7B
¥16.5B
¥15.8B
¥17.5B
Intangible Assets
—
¥9.5B
¥8.8B
¥8.4B
¥20.4B
Deferred Tax Assets
—
¥11.6B
¥10.9B
¥11.7B
¥15.6B
Total Liabilities
¥237.7B
¥232.7B
¥249.8B
¥252.9B
¥246.5B
Current Liabilities
¥136.6B
¥126.8B
¥147.2B
¥140.7B
¥118.7B
ST Debt
¥12.1B
¥12.1B
¥37.3B
¥29.8B
¥19.7B
Non-Current Liabilities
¥101.1B
¥105.9B
¥102.6B
¥112.2B
¥127.7B
Total LT Borrowings
¥38.5B
¥43.2B
¥45.0B
¥52.0B
¥70.7B
Deferred Tax Liab.
—
¥1.2B
¥1.3B
¥1.8B
¥5.9B
Total Equity
¥86.6B
¥70.5B
¥40.4B
¥69.8B
¥55.1B
Capital Surplus
—
¥555M
¥552M
¥271M
—
Retained Earnings
¥77.4B
¥63.0B
¥25.3B
¥58.1B
¥41.6B
Treasury Stock
—
¥-5.6B
¥-51M
¥-56M
¥-57M
AOCI
—
¥7.5B
¥10.1B
¥7.6B
¥10.3B
Equity (owners)
¥84.6B
¥68.2B
¥38.6B
¥68.6B
¥54.5B
Minority Interests
—
¥2.3B
¥1.7B
¥1.2B
¥657M
Total Interest-Bearing Debt ⓘ
¥50.6B
¥55.2B
¥82.3B
¥81.8B
¥90.4B
Net Cash ⓘ
¥12.8B
¥8.8B
¥-32.8B
¥-38.1B
¥-46.0B
NCAV ⓘ
¥-57.4B
¥-65.6B
¥-102.1B
¥-105.6B
¥-85.0B
NCAV/Share
—
¥-438
¥-668
¥-691
¥-556
BV/Share
—
¥456
¥253
¥449
¥356
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥22.5B
¥25.9B
¥18.7B
¥5.4B
¥18.0B
D&A
¥18.7B
¥17.3B
¥16.6B
¥5.6B
¥6.8B
Investing CF
¥-8.9B
¥30.0B
¥-5.8B
¥10.0B
¥-4.9B
CapEx
¥4.8B
¥4.1B
¥2.3B
¥2.0B
¥3.2B
Purchase Investments
—
¥-398M
¥-488M
¥-145M
¥-71M
Financing CF
¥-14.9B
¥-41.3B
¥-7.8B
¥-17.0B
¥-19.1B
Free Cash Flow
¥17.8B
¥21.9B
¥16.3B
¥3.4B
¥14.8B
Net Change in Cash
—
¥14.5B
¥5.8B
¥-743M
¥-4.8B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
26.3%
78.1%
-50.5%
33.4%
23.7%
ROA
6.6%
14.6%
-9.1%
6.7%
5.2%
EPS
¥137.11
¥286.85
¥-181.93
¥136.62
¥90.34
DPS
¥0.00
¥42.00
¥37.00
¥33.00
¥29.00
BPS
¥558.36
—
—
—
¥388.31
FCF/Share
—
¥146
¥107
¥22
¥97
NCAV/Share
—
¥-438
¥-668
¥-691
¥-556
Payout Ratio
0.0%
14.6%
—
24.2%
32.1%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 18
Date Activist Stake Event Flag Demands Source
2026-01-05
Hikari Tsushin K.K.
13.71%
+1.0%
change
Passive
—
2025-09-29
Hikari Tsushin K.K.
12.71%
+0.43%
change
Passive
—
2025-09-04
Hikari Tsushin K.K.
12.28%
+1.04%
change
Passive
—
2025-07-22
Hikari Tsushin K.K.
11.24%
+1.05%
change
Passive
—
2025-06-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
4.91%
-1.29%
change
Passive
—
2025-05-29
Hikari Tsushin K.K.
10.19%
+1.0%
change
Passive
—
2024-09-30
Hikari Tsushin K.K.
9.19%
+1.01%
change
Passive
—
2024-07-02
Hikari Tsushin K.K.
8.18%
+1.01%
change
Passive
—
2024-06-21
Nomura Securities Co.,Ltd.
3.82%
-1.35%
change
Passive
—
2024-05-20
Hikari Tsushin K.K.
7.17%
+1.01%
change
Passive
—
2024-04-25
Hikari Tsushin K.K.
6.16%
+1.03%
change
Passive
—
2024-04-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
6.2%
+0.09%
change
Passive
—
2024-04-17
Hikari Tsushin K.K.
5.13%
initial_5pct
Passive
—
2024-04-05
Nomura Securities Co.,Ltd.
5.17%
+1.24%
initial_5pct
Passive
—
2024-03-25
FMR LLC
4.99%
-2.33%
change
Passive
—
2024-03-07
FMR LLC
7.32%
change
Passive
—
2024-01-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
6.11%
change
Passive
—
2023-10-06
Nomura Securities Co.,Ltd.
3.93%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-14
16:00
Capital Policy
¥10.4B ¥69.0/sh
+64%
Relo Group announced a fundamental revision of its shareholder return policy effective FY2026, raising the dividend payo…
Summary
Relo Group announced a fundamental revision of its shareholder return policy effective FY2026, raising the dividend payout ratio from 35% to 50% and introducing a total return ratio target of 60% including share buybacks. The FY2026 year-end dividend was increased to ¥69 per share (up 64% YoY from ¥42), with semi-annual dividend structure adopted and progressive dividend policy introduced; this reflects the company's elevated ROE target of 25-30% during the medium-term plan period (FY2026-FY2029).
YoY: +64%
Source (JP)
配当性向を50%へ引き上げるとともに、自己株式の取得を含めた総還元性向60%を目安とする方針を新たに導入いたしました。また、中間配当を導入し、期末配当とあわせた年2回の配当を実施する方針といたしました。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
有限会社ササダ・ファンド
35,000
23.40%
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)
19,063
12.70%
3
HIKARI TSUSHIN,INC.
光通信株式会社
11,697
7.80%
4
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
10,007
6.70%
5
株式会社UH Partners 2
2,873
1.90%
6
Employee Stock Ownership Plan
リログループ従業員持株会
2,481
1.70%
7
JPモルガン証券株式会社
1,991
1.30%
8
TAIKI SASADA (常任代理人 みずほ証券株式会社)
1,990
1.30%
9
佐々田有樹
1,984
1.30%
10
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行)
1,538
1.00%
Domestic Nominees
19.4%
-0.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.0%
-0.2% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
38.7%
+5.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
限会社ササダ・ファンド
22.90%
22.90%
23.40%
+0.50%
Japan Master Trust Bank
日本マスタートラスト信託銀行
14.90%
11.60%
12.70%
+1.10%
HIKARI TSUSHIN,INC.
光通信
—
2.80%
7.80%
+5.00%
Japan Custody Bank
日本カストディ銀行
8.20%
7.90%
6.70%
-1.20%
式会社UH Partners 2
NEW ENTRY
—
—
—
1.90%
NEW
Employee Stock Ownership Plan
リログループ従業員持株会
1.60%
1.70%
1.70%
TAIKI SASADA
1.30%
1.30%
1.30%
佐々田有樹
—
1.30%
1.30%
JPモルガン証券
NEW ENTRY
—
—
—
1.30%
NEW
JP Morgan
NEW ENTRY
—
—
—
1.00%
NEW
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
last seen 2024
Exited Top 10
—
2.20%
—
Nomura Securities Co., Ltd.
野村證券
last seen 2024
Exited Top 10
—
1.30%
—
Northern Trust
last seen 2024
Exited Top 10
1.60%
1.20%
—
佐々田 有樹
last seen 2023
Exited Top 10
1.30%
—
—
BNY Mellon
last seen 2023
Exited Top 10
1.90%
—
—
第一生命保険
last seen 2023
Exited Top 10
1.30%
—
—
Fidelity
last seen 2023
Exited Top 10
2.10%
—
—
Concentration (HHI)
ⓘ
832
743
827
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥0M
Holdings
1
Held Company
FY2023
¥0M total
Book Val ¥M
Shares
Benefit One Inc.
㈱ベネフィット・ワン
—
M
Portfolio total
0
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding
· Only one fiscal year available