8897
MIRARTH HOLDINGS, Inc.
MIRARTHホールディングス株式会社
Real Estate · Real Estate - Development
MIRARTH HOLDINGS,Inc. engages in the real estate business in Japan. It plans, develops, sells, and trades in condominiums under the Leben and Nebel brands; and provides asset management and operation services for real estate, as well as a management service for condominiums. The company also engages in the renewable electric power generation and sales, as well as the provision of investment opportunities and asset management services to various investors. In addition, it is involved in the construction business; and hotel management business under the Hotel the Leben brand name. The company was formerly known as Takara Leben Co., Ltd. and changed its name to MIRARTH HOLDINGS,Inc. in October 2022. The company was incorporated in 1972 and is headquartered in Tokyo, Japan.
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⚠ TSE Capital Mandate
P / Book
0.67×
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
¥214.4B
¥196.5B
¥185.2B
¥153.5B
¥162.7B
Cost of Sales
¥168.7B
¥154.2B
¥144.6B
¥121.8B
¥129.6B
Gross Profit
¥45.7B
¥42.3B
¥40.6B
¥31.7B
¥33.1B
SG&A
¥28.0B
¥27.9B
¥25.1B
¥24.7B
¥21.2B
Operating Income
¥17.6B
¥14.4B
¥15.5B
¥7.0B
¥11.9B
Non-Operating Income
¥1.3B
¥1.3B
¥1.2B
¥1.0B
¥684M
Dividend Income
—
¥153M
¥174M
¥233M
¥300M
Interest Income
—
¥23M
¥34M
¥28M
¥59M
Non-Operating Expenses
—
¥3.3B
¥3.7B
¥3.0B
¥2.3B
Interest Expense
—
¥3.0B
¥2.8B
¥2.1B
¥1.8B
Ordinary Income
¥14.2B
¥12.4B
¥13.0B
¥5.0B
¥10.3B
Pre-tax Income
¥9.5B
¥11.3B
¥13.0B
¥5.7B
¥9.4B
Income Taxes
¥4.6B
¥3.0B
¥4.7B
¥1.3B
¥3.2B
Current Tax
—
¥3.8B
¥4.5B
¥4.7B
¥3.2B
Deferred Tax
—
¥-815M
¥244M
¥-3.5B
¥20M
Net Income (owners)
¥4.8B
¥8.2B
¥8.2B
¥4.6B
¥6.2B
Minority Interest
—
¥90M
¥98M
¥-138M
¥56M
Comprehensive Income
—
¥8.9B
¥8.4B
¥3.9B
¥6.3B
EBITDA
¥24.3B
¥20.7B
¥21.3B
¥10.4B
¥15.0B
Goodwill Amort. (J-GAAP)
—
¥405M
¥509M
¥390M
¥329M
EPS
¥35.01
¥62.69
¥74.39
¥41.90
¥57.10
Shares Outstanding
—
135.9M
110.1M
109.8M
109.1M
Shares Issued (total)
—
140.3M
121.0M
121.0M
121.0M
Treasury Shares
—
4.4M
10.9M
11.2M
11.9M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥419.5B
¥372.5B
¥337.4B
¥341.7B
¥223.5B
Current Assets
¥258.0B
¥215.3B
¥191.9B
¥188.7B
¥142.6B
Cash & Deposits
¥59.0B
¥48.0B
¥42.7B
¥47.9B
¥33.4B
Trade Receivables
—
¥3.8B
¥8.3B
¥3.5B
¥2.9B
Non-Current Assets
¥161.5B
¥157.2B
¥145.4B
¥152.9B
¥80.8B
PP&E
¥134.0B
¥127.2B
¥117.8B
¥125.4B
¥63.7B
Goodwill
—
¥3.0B
¥3.4B
¥3.9B
¥1.6B
Intangible Assets
—
¥7.9B
¥8.1B
¥8.4B
¥2.5B
Investment Securities
¥2.9B
¥3.1B
¥2.6B
¥2.4B
¥5.5B
Deferred Tax Assets
—
¥4.7B
¥4.3B
¥4.7B
¥981M
Total Liabilities
¥329.4B
¥283.4B
¥265.8B
¥276.5B
¥163.9B
Current Liabilities
¥143.9B
¥134.1B
¥122.5B
¥162.2B
¥75.0B
Accounts Payable
—
—
¥27.1B
¥16.3B
¥15.4B
ST Debt
¥86.0B
¥82.7B
¥69.7B
¥118.1B
¥39.5B
Taxes Payable
—
¥2.9B
¥3.6B
¥4.3B
¥2.1B
Non-Current Liabilities
¥185.5B
¥149.3B
¥143.2B
¥114.4B
¥88.9B
Total LT Borrowings
¥179.3B
¥143.1B
¥137.7B
¥108.8B
¥86.0B
Pension Obligations
—
¥1.4B
¥1.3B
¥1.1B
¥984M
Deferred Tax Liab.
—
¥2.8B
¥2.5B
¥2.5B
¥128M
Total Equity
¥90.1B
¥89.1B
¥71.7B
¥65.1B
¥59.6B
Capital Stock
—
¥9.1B
¥4.8B
¥4.8B
¥4.8B
Capital Surplus
—
¥8.1B
¥3.4B
¥4.8B
¥4.8B
Retained Earnings
¥67.7B
¥66.8B
¥61.5B
¥56.0B
¥53.4B
Treasury Stock
—
¥-1.7B
¥-4.1B
¥-4.2B
¥-4.5B
AOCI
—
¥688M
¥73M
¥-59M
¥534M
Equity (owners)
¥83.2B
¥82.3B
¥65.6B
¥61.4B
¥58.6B
Minority Interests
—
¥5.8B
¥5.7B
¥3.5B
¥294M
Total Interest-Bearing Debt ⓘ
¥265.2B
¥225.8B
¥207.4B
¥226.9B
¥125.5B
Net Cash ⓘ
¥-206.2B
¥-177.7B
¥-164.7B
¥-179.0B
¥-92.1B
NCAV ⓘ
¥-71.4B
¥-68.1B
¥-73.8B
¥-87.8B
¥-21.2B
NCAV/Share
—
¥-502
¥-671
¥-800
¥-195
BV/Share
—
¥606
¥596
¥559
¥537
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥5.6B
¥7.9B
¥36.8B
¥-722M
¥23.2B
Interest Paid
—
¥-3.1B
¥-2.7B
¥-2.1B
¥-1.8B
Interest Received
—
¥162M
¥192M
¥256M
¥360M
D&A
¥6.6B
¥6.0B
¥5.4B
¥3.0B
¥2.8B
Goodwill Amort.
—
¥405M
¥509M
¥390M
¥329M
Investing CF
¥-31.9B
¥-24.8B
¥-26.3B
¥-46.4B
¥-27.9B
CapEx
¥31.8B
¥21.0B
¥25.6B
¥19.3B
¥25.3B
Purchase Investments
—
¥0M
¥0M
¥-1.6B
¥-579M
Proceeds from Invest.
—
—
¥0M
¥253M
—
Financing CF
¥37.2B
¥22.0B
¥-15.5B
¥61.5B
¥-1.1B
Dividends Paid
—
¥-2.9B
¥-3.2B
¥-2.0B
¥-1.5B
Share Buybacks
—
¥0M
—
—
—
LT Debt Repaid
—
¥-76.3B
¥-75.5B
¥-106.9B
¥-71.2B
Free Cash Flow
¥-26.2B
¥-13.1B
¥11.2B
¥-20.1B
¥-2.1B
Net Change in Cash
—
¥5.1B
¥-5.0B
¥14.5B
¥-5.8B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
5.3%
11.0%
12.9%
7.6%
11.0%
ROA
1.2%
2.3%
2.4%
1.6%
2.8%
EPS
¥35.01
¥62.69
¥74.39
¥41.90
¥57.10
DPS
¥5.00
¥30.00
¥24.00
¥22.00
¥18.00
BPS
¥615.91
¥610.61
¥596.90
¥558.95
¥542.04
FCF/Share
—
¥-97
¥102
¥-183
¥-19
NCAV/Share
—
¥-502
¥-671
¥-800
¥-195
Payout Ratio
14.3%
47.9%
32.3%
52.5%
31.5%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 4
Date Activist Stake Event Flag Demands Source
2024-05-31
General Incorporated Association Murayama Property Management
21.18%
change
Passive
—
2024-05-31
Murayama Yoshio
22.84%
change
Passive
—
2023-07-10
Murayama Yoshio
22.84%
change
Passive
—
2023-07-10
General Incorporated Association Murayama Property Management
21.18%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-15
17:00
Cancellation
1.7%
MIRARTH HOLDINGS, (code 8897, TSE Prime) announced the cancellation of 2,360,000 treasury shares (1.74% of outstanding s…
Summary
MIRARTH HOLDINGS, (code 8897, TSE Prime) announced the cancellation of 2,360,000 treasury shares (1.74% of outstanding shares) effective May 26, 2026. The cancellation will reduce issued shares from approximately 139.3 million to 137.94 million shares. Post-cancellation, the company will retain 4,321,308 treasury shares (3.13% of total shares).
Deadline: 2026-05-26
% of Shares: 1.7%
Shares: 2,360,000
Source (JP)
当社は、本日開催の取締役会において、会社法第178条の規定に基づき、当社が保有する自己株式を消却することを決議いたしました
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 8
#
Shareholder
Shares (thou.)
% of Total
1
一般社団法人村山財産管理
25,633
18.87%
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)
15,476
11.39%
3
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
3,469
2.55%
4
モルガン・スタンレーMUFG証券株式会社
2,076
1.53%
5
ゴールドマン・サックス証券株式会社 BNYM (常任代理人 株式会社三菱UFJ銀行)
2,052
1.51%
6
有限会社村山企画
1,800
1.32%
7
MIRARTHホールディングス取引先持株会
1,478
1.09%
8
島田 和一
1,299
0.96%
9
UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT (常任代理人 シティバンク、エヌ・エイ東京支店)
1,250
0.92%
10
MIRARTHホールディングス従業員持株会
1,241
0.91%
Domestic Nominees
13.9%
+1.1% 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
27.1%
-6.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
一般社団法人村山財産管理
20.16%
23.28%
18.87%
-4.41%
日本マスタートラスト信託銀行
11.04%
10.12%
11.39%
+1.27%
日本カストディ銀行
2.99%
2.70%
2.55%
-0.15%
Morgan Stanley
—
1.97%
1.53%
-0.44%
Goldman Sachs
NEW ENTRY
—
—
—
1.51%
NEW
限会社村山企画
1.82%
1.82%
1.32%
-0.50%
MIRARTHホールディングス取引先持株会
1.33%
1.32%
1.09%
-0.23%
島田 和一
NEW ENTRY
—
—
—
0.96%
NEW
UBS
NEW ENTRY
—
—
—
0.92%
NEW
MIRARTHホールディングス従業員持株会
NEW ENTRY
—
—
—
0.91%
NEW
ルーデン・ホールディングス
last seen 2024
Exited Top 10
1.66%
1.57%
—
JPモルガン証券
last seen 2024
Exited Top 10
—
1.39%
—
三井住友銀行
last seen 2024
Exited Top 10
—
1.08%
—
DFA INTL SMALL CAP VALUE PORTFOLIO
last seen 2024
Exited Top 10
1.14%
1.07%
—
Northern Trust
last seen 2023
Exited Top 10
1.86%
—
—
MSIP CLIENT SECURITIES
last seen 2023
Exited Top 10
1.59%
—
—
村山 義男
last seen 2023
Exited Top 10
3.19%
—
—
Concentration (HHI)
ⓘ
563
667
502
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥2,336M
+70% since 2023
Holdings
8
+1 new
Trend
Stable
vs 2023
Held Company
FY2025
¥2,336M total
FY2023
¥1,375M total
Book Val ¥M
Shares
Book Val ¥M
Shares
繧ソ繧ォ繝ゥ繝ャ繝シ繝吶Φ荳榊虚逕」謚戊ウ�豕穂ココ
タカラレーベン不動産投資法人
1,237
14,385
1,288
14,385
譬ェ蠑丈シ夂、セ繧「繧コ繝代�シ繝医リ繝シ繧コ
㈱アズパートナーズ
960
NEW
New
517,000
—
㈱コンコルディア・ フィナンシャルグループ
42
43,280
21
43,280
Tsukuba Bank, Ltd.
㈱筑波銀行
35
141,000
30
141,000
M
The Musashino Bank, Ltd.
㈱武蔵野銀行
32
10,000
22
10,000
M
Resona Holdings, Inc.
㈱りそなホールディングス
25
20,000
12
20,000
Tokyo Kiraboshi Financial Group, Inc.
㈱東京きらぼしフィナンシャルグループ
5
1,000
2
1,000
タカラレーベン・インフラ投資法人
—
—
Portfolio total
2,336
1,375
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding