HousefreedomCo.,Ltd.

株式会社ハウスフリーダム

Real Estate

← Companies

Price

¥999

Market Cap

¥3.8B

Ent. Value

¥10.6B

Net Debt

−¥6.7B

Shares Out.

3.8M

P / E

5.8×

EV / EBIT

9.5×

P / Book

0.99×

P / NCAV

N/M

Div. Yield

5.51%

Financials

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥16.9B	¥14.5B	¥11.8B	¥13.0B	¥11.8B
Cost of Sales	¥11.9B	¥10.1B	¥7.9B	¥9.1B	¥8.3B
Gross Profit	¥5.0B	¥4.4B	¥3.9B	¥3.8B	¥3.5B
SG&A	¥3.9B	¥3.5B	¥3.2B	¥3.2B	¥3.0B
Operating Income	¥1.1B	¥883M	¥686M	¥662M	¥493M
Non-Operating Income	¥44M	¥29M	¥28M	¥37M	¥38M
Interest Income	¥4M	¥0M	¥0M	¥0M	¥0M
Non-Operating Expenses	¥190M	¥143M	¥131M	¥147M	¥106M
Interest Expense	¥182M	¥132M	¥119M	¥112M	¥86M
Ordinary Income	¥968M	¥769M	¥584M	¥553M	¥424M
Pre-tax Income	¥967M	¥757M	¥582M	¥595M	¥448M
Income Taxes	¥309M	¥272M	¥238M	¥175M	¥166M
Current Tax	¥297M	¥279M	¥231M	¥157M	¥190M
Deferred Tax	¥12M	¥-7M	¥7M	¥17M	¥-24M
Net Income (owners)	¥659M	¥485M	¥343M	¥420M	¥282M
Comprehensive Income	¥661M	¥483M	¥346M	¥421M	¥284M
EBITDA	¥1.2B	¥1.0B	¥797M	¥823M	¥657M
Goodwill Amort. (J-GAAP)	¥15M	¥22M	¥22M	¥46M	¥69M
EPS	¥171.87	¥122.40	¥85.15	¥104.19	¥69.81
Shares Outstanding	3.8M	3.8M	4.0M	4.0M	4.0M
Shares Issued (total)	4.1M	4.1M	4.1M	4.1M	4.1M
Treasury Shares	0.3M	0.3M	0.1M	0.1M	0.1M

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥17.0B	¥16.1B	¥16.5B	¥15.1B	¥13.9B
Current Assets	¥12.9B	¥12.0B	¥11.4B	¥13.3B	¥10.7B
Cash & Deposits	¥4.8B	¥4.0B	¥3.7B	¥3.6B	¥3.8B
Trade Receivables	¥13M	¥11M	¥10M	¥11M	—
Non-Current Assets	¥4.1B	¥4.1B	¥5.2B	¥1.8B	¥3.2B
PP&E	¥3.8B	¥3.8B	¥4.9B	¥1.4B	¥2.9B
Goodwill	—	¥15M	¥37M	¥60M	¥105M
Intangible Assets	¥4M	¥16M	¥40M	¥65M	¥113M
Investment Securities	¥51M	¥48M	¥50M	¥45M	¥45M
Deferred Tax Assets	¥61M	¥75M	¥67M	¥77M	¥93M
Total Liabilities	¥13.1B	¥12.7B	¥13.3B	¥12.1B	¥11.1B
Current Liabilities	¥6.6B	¥5.7B	¥7.3B	¥5.8B	¥5.9B
ST Debt	¥5.1B	¥4.2B	¥5.9B	¥4.6B	¥4.6B
Taxes Payable	¥157M	¥160M	¥71M	¥31M	¥67M
Non-Current Liabilities	¥6.5B	¥7.0B	¥6.0B	¥6.3B	¥5.2B
Total LT Borrowings	¥6.4B	¥7.0B	¥6.0B	¥6.2B	¥5.0B
Deferred Tax Liab.	—	—	—	¥2M	—
Total Equity	¥3.9B	¥3.4B	¥3.2B	¥3.0B	¥2.8B
Capital Stock	¥329M	¥329M	¥329M	¥329M	¥329M
Capital Surplus	¥174M	¥174M	¥174M	¥174M	¥174M
Retained Earnings	¥3.5B	¥3.0B	¥2.7B	¥2.5B	¥2.3B
Treasury Stock	¥-188M	¥-188M	¥-32M	¥-32M	¥-32M
AOCI	¥34M	¥32M	¥34M	¥31M	¥30M
Equity (owners)	¥3.8B	¥3.3B	¥3.2B	¥3.0B	¥2.7B

Total Interest-Bearing Debt ⓘ	¥11.5B	¥11.1B	¥11.8B	¥10.9B	¥9.6B
Net Cash ⓘ	¥-6.7B	¥-7.2B	¥-8.2B	¥-7.2B	¥-5.8B
NCAV ⓘ	¥-231M	¥-764M	¥-2.0B	¥1.2B	¥-440M
NCAV/Share	¥-60	¥-199	¥-488	¥307	¥-109
BV/Share	¥998	¥871	¥786	¥745	¥681

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥640M	¥1.7B	¥181M	¥-453M	¥-1.8B
Interest Paid	¥-183M	¥-132M	¥-115M	¥-113M	¥-94M
Interest Received	¥7M	¥3M	¥2M	¥2M	¥2M
D&A	¥112M	¥106M	¥88M	¥115M	¥95M
Goodwill Amort.	¥15M	¥22M	¥22M	¥46M	¥69M
Investing CF	¥-138M	¥-181M	¥-1.2B	¥-554M	¥-1.4B
CapEx	¥137M	¥182M	¥1.2B	¥555M	¥1.5B
Financing CF	¥343M	¥-1.2B	¥1.0B	¥846M	¥3.1B
Dividends Paid	¥-172M	¥-161M	¥-178M	¥-161M	¥-161M
Share Buybacks	—	¥-155M	—	—	—
LT Debt Repaid	¥-4.6B	¥-4.8B	¥-2.4B	¥-2.6B	¥-1.5B
Free Cash Flow	¥503M	¥1.5B	¥-1.0B	¥-1.0B	¥-3.3B
Net Change in Cash	¥846M	¥296M	¥16M	¥-162M	¥-98M

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	18.2%	14.7%	11.0%	14.5%	10.4%
ROA	4.0%	3.0%	2.2%	2.9%	2.0%
EPS	¥171.87	¥122.40	¥85.15	¥104.19	¥69.81
DPS	¥55.00	¥45.00	¥40.00	¥44.00	¥40.00
BPS	¥1,006.79	¥879.35	¥794.42	¥752.52	¥688.25
FCF/Share	¥131	¥400	¥-260	¥-250	¥-822
NCAV/Share	¥-60	¥-199	¥-488	¥307	¥-109
Payout Ratio	32.0%	36.8%	47.0%	42.2%	57.3%

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 6

Date	Activist	Stake	Event	Flag	Demands
2025-02-21	OJIMA KENJI	24.14% +21.37%	correction	Passive	—
2025-02-20	OF corporation	21.36%	change	Passive	—
2025-02-19	OJIMA KENJI	2.77% -21.37%	change	Passive	—
2025-01-31	OJIMA KENJI	24.14%	change	Passive	—
2024-08-27	Mikiko Yamanishi	7.37%	correction	Passive	—
2024-08-19	Mikiko Yamanishi	7.37%	change	Passive	—

#	Shareholder	Shares (thou.)	% of Total
1	株式会社オーエフコーポレーション	878,100	22.91%
2	VT HOLDINGS CO.,LTD. ＶＴホールディングス株式会社	556,300	14.51%
3	山西みき子	303,000	7.90%
4	森光哲也	200,000	5.22%
5	Employee Stock Ownership Plan ハウスフリーダム従業員持株会	167,930	4.38%
6	増田直樹	120,000	3.13%
7	小島賢二	114,000	2.97%
8	若杉精三郎	72,000	1.88%
9	Executive Stock Ownership Plan ハウスフリーダム役員持株会	61,970	1.62%
10	軽本勝	40,000	1.04%

as of 2025-12-31 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

0.0%

+0.0% 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

65.6%

+0.7% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
式会社オーエフコーポレーション		19.54%	20.56%	22.91% +2.35%
VT HOLDINGS CO.,LTD. ＶＴホールディングス		13.79%	14.51%	14.51%
山西みき子		9.99%	7.90%	7.90%
森光哲也		4.96%	5.22%	5.22%
Employee Stock Ownership Plan ハウスフリーダム従業員持株会		3.72%	4.20%	4.38% +0.18%
増田直樹		2.98%	3.13%	3.13%
小島賢二		5.06%	5.32%	2.97% -2.35%
若杉精三郎		1.51%	1.59%	1.88% +0.29%
Executive Stock Ownership Plan ハウスフリーダム役員持株会		1.05%	1.36%	1.62% +0.26%
軽本勝		—	1.04%	1.04%
日新火災海上保険 last seen 2023	Exited Top 10	2.48%	—	—
Concentration (HHI) ⓘ		754	784	870

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

Portfolio Book Value ¥52M +4% since 2023

Holdings 1

Trend Stable vs 2023

Held Company	FY2025 ¥52M total		FY2023 ¥50M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
VT HOLDINGS CO.,LTD. VTホールディングス（株）	52	96,000	50	96,000	M
Portfolio total	52		50

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