8999
Grandy House Corporation
グランディハウス株式会社
Real Estate
Grandy House Corporation constructs and sells pre-built and custom-built homes in Japan. It is also involved in condominium sales, new and used home sales, new and used home renovation, construction material manufacturing and sales, and real estate leasing business. Grandy House Corporation was incorporated in 1991 and is headquartered in Utsunomiya, Japan.
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⚠ TSE Capital Mandate
P / Book
0.59×
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
—
¥54.0B
¥51.5B
¥55.2B
¥54.9B
Cost of Sales
—
¥46.6B
¥43.9B
¥45.4B
¥44.4B
Gross Profit
—
¥7.3B
¥7.6B
¥9.8B
¥10.5B
SG&A
—
¥6.1B
¥6.4B
¥6.4B
¥6.5B
Operating Income
—
¥1.2B
¥1.2B
¥3.3B
¥4.0B
Non-Operating Income
—
¥143M
¥122M
¥82M
¥65M
Dividend Income
—
¥7M
¥6M
¥6M
¥6M
Interest Income
—
¥5M
¥0M
¥0M
¥1M
Non-Operating Expenses
—
¥437M
¥420M
¥308M
¥278M
Interest Expense
—
¥380M
¥367M
¥269M
¥238M
Ordinary Income
—
¥919M
¥877M
¥3.1B
¥3.8B
Pre-tax Income
—
¥765M
¥870M
¥3.2B
¥3.8B
Income Taxes
—
¥279M
¥453M
¥1.0B
¥1.2B
Current Tax
—
¥313M
¥396M
¥990M
¥1.3B
Deferred Tax
—
¥-34M
¥57M
¥29M
¥-85M
Net Income (owners)
¥1M
¥486M
¥417M
¥2.2B
¥2.6B
Comprehensive Income
—
¥559M
¥497M
¥2.2B
¥2.6B
EBITDA
—
¥1.7B
¥1.6B
¥3.8B
¥4.4B
Goodwill Amort. (J-GAAP)
—
¥137M
¥137M
¥137M
¥137M
EPS
—
¥17.01
¥14.54
¥74.50
¥88.06
Shares Outstanding
—
29.2M
29.1M
30.4M
30.1M
Shares Issued (total)
—
30.8M
30.8M
30.8M
30.8M
Treasury Shares
—
1.6M
1.7M
0.4M
0.7M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
—
¥68.8B
¥74.5B
¥72.6B
¥60.9B
Current Assets
—
¥54.0B
¥60.1B
¥58.3B
¥47.8B
Cash & Deposits
—
¥10.9B
¥10.2B
¥10.8B
¥11.1B
Trade Receivables
—
¥461M
¥488M
¥575M
¥703M
Non-Current Assets
—
¥14.6B
¥14.3B
¥14.2B
¥13.1B
PP&E
—
¥11.8B
¥11.4B
¥11.2B
¥10.0B
Goodwill
—
¥617M
¥754M
¥891M
¥1.0B
Intangible Assets
—
¥664M
¥813M
¥957M
¥1.1B
Investment Securities
—
¥378M
¥271M
¥177M
¥143M
Deferred Tax Assets
—
¥547M
¥547M
¥619M
¥648M
Total Liabilities
—
¥43.9B
¥49.4B
¥46.4B
¥36.2B
Current Liabilities
—
¥26.5B
¥26.6B
¥24.2B
¥22.8B
ST Debt
—
¥20.1B
¥21.9B
¥18.4B
¥15.7B
Taxes Payable
—
¥197M
¥138M
¥368M
¥900M
Non-Current Liabilities
—
¥17.4B
¥22.8B
¥22.3B
¥13.5B
Total LT Borrowings
—
¥15.7B
¥21.2B
¥20.8B
¥12.1B
Pension Obligations
—
¥1.3B
¥1.2B
¥1.0B
¥905M
Total Equity
—
¥24.9B
¥25.1B
¥26.2B
¥24.7B
Capital Stock
—
¥2.1B
¥2.1B
¥2.1B
¥2.1B
Capital Surplus
—
¥2.7B
¥2.7B
¥2.7B
¥2.6B
Retained Earnings
—
¥21.0B
¥21.4B
¥22.0B
¥20.7B
Treasury Stock
—
¥-1.1B
¥-1.3B
¥-630M
¥-813M
AOCI
—
¥205M
¥132M
¥52M
¥18M
Equity (owners)
—
¥24.7B
¥24.9B
¥26.1B
¥24.6B
Total Interest-Bearing Debt ⓘ
—
¥35.8B
¥43.1B
¥39.2B
¥27.8B
Net Cash ⓘ
—
¥-24.9B
¥-32.9B
¥-28.4B
¥-16.7B
NCAV ⓘ
—
¥10.1B
¥10.6B
¥11.9B
¥11.5B
NCAV/Share
—
¥346
¥366
¥391
¥383
BV/Share
—
¥845
¥856
¥859
¥816
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
—
¥8.6B
¥-2.2B
¥-8.8B
¥-444M
Interest Paid
—
¥-395M
¥-348M
¥-272M
¥-238M
Interest Received
—
¥11M
¥9M
¥6M
¥9M
D&A
—
¥308M
¥304M
¥294M
¥284M
Goodwill Amort.
—
¥137M
¥137M
¥137M
¥137M
Investing CF
—
¥-316M
¥-463M
¥-1.5B
¥-482M
CapEx
—
¥299M
¥562M
¥1.7B
¥710M
Financing CF
—
¥-7.7B
¥2.0B
¥10.1B
¥-1.3B
Dividends Paid
—
¥-930M
¥-972M
¥-902M
¥-702M
Share Buybacks
—
—
¥-915M
—
¥-701M
LT Debt Repaid
—
¥-9.6B
¥-8.1B
¥-5.8B
¥-3.2B
Free Cash Flow
—
¥8.3B
¥-2.8B
¥-10.5B
¥-1.2B
Net Change in Cash
—
¥664M
¥-646M
¥-258M
¥-2.3B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
—
1.9%
1.6%
8.5%
10.9%
ROA
—
0.7%
0.6%
3.2%
4.2%
EPS
—
¥17.01
¥14.54
¥74.50
¥88.06
DPS
—
¥32.00
¥32.00
¥32.00
¥30.00
BPS
—
¥866.26
¥883.02
¥889.12
¥850.82
FCF/Share
—
¥286
¥-96
¥-346
¥-38
NCAV/Share
—
¥346
¥366
¥391
¥383
Payout Ratio
—
188.1%
220.1%
43.0%
34.1%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 3
Date Activist Stake Event Flag Demands Source
2023-08-23
TOSHIO KIKUCHI
23.23%
change
Passive
—
2023-08-01
Grandy stockmate rijityou Ochiai Yukio
—
exit
Passive
—
2023-08-01
Grandy stockmate rijityou Usui Akihiro
8.52%
initial_5pct
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-22
15:30
Capital Policy
¥936M ¥32.0/sh
+0%
Grandy House announced a regular dividend of ¥32.00 per share with a total payout of ¥936 million, effective June 29, 20…
Summary
Grandy House announced a regular dividend of ¥32.00 per share with a total payout of ¥936 million, effective June 29, 2026. The company established a dividend policy targeting ~3.5% DOE (dividend on equity) with a minimum annual dividend floor of ¥32 per share, balancing shareholder returns with business investment and financial stability.
Deadline: 2026-06-29
YoY: +0%
Source (JP)
各年度の連結最終利益の範囲内で純資産配当率(DOE)3.5%程度を目安に配当を行うことを基本方針とし、1株当たり年間配当額は32円を下回らない水準を維持することで安定的な配当を実施するよう努めます。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
新日本物産株式会社
3,996,900
13.69%
2
菊地 俊雄
3,026,300
10.37%
3
グランディ・ストックメイト
2,429,500
8.32%
4
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)
2,258,700
7.74%
5
Employee Stock Ownership Plan
グランディハウス社員持株会
2,155,700
7.38%
6
株式会社足利銀行
651,000
2.23%
7
清原 達郎
583,500
2.00%
8
野村信託銀行株式会社(グランディハウス社員持株会専用信託口)
490,200
1.68%
9
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
470,300
1.61%
10
磯 国男
436,504
1.50%
Domestic Nominees
9.3%
+4.2% 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
47.2%
-2.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
新日本物産
13.16%
13.74%
13.69%
-0.05%
菊地 俊雄
15.23%
10.40%
10.37%
-0.03%
グランディ・ストックメイト
8.51%
8.61%
8.32%
-0.29%
Japan Master Trust Bank
日本マスタートラスト信託銀行
5.07%
5.15%
7.74%
+2.59%
Employee Stock Ownership Plan
グランディハウス社員持株会
6.94%
7.38%
7.38%
式会社足利銀行
2.14%
2.24%
2.23%
-0.01%
清原 達郎
—
2.01%
2.00%
-0.01%
野村信託銀行株式会社(グランディハウス社員持株会専用信託口)
3.16%
2.49%
1.68%
-0.81%
日本カストディ銀行
NEW ENTRY
1.51%
—
1.61%
NEW
磯 国男
1.35%
1.48%
1.50%
+0.02%
駒場 磨美子
last seen 2024
Exited Top 10
—
1.22%
—
NPBN-SHOKORO LIMITED
last seen 2023
Exited Top 10
1.26%
—
—
Concentration (HHI)
ⓘ
572
471
495
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥363M
+124% since 2023
Holdings
1
Trend
Stable
vs 2023
Held Company
FY2025
¥363M total
FY2023
¥162M total
Book Val ¥M
Shares
Book Val ¥M
Shares
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㈱めぶきフィナンシャルグループ
363
500,000
162
500,000
Portfolio total
363
162
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding