Lead Real Estate Co., Ltd. (LRE) is an upscale-focused real estate company headquartered in Tokyo, Japan. Founded in 2001, the company primarily earns revenue from the planning, development, and sale of residential properties—most notably detached houses and condominium complexes positioned in higher-end market segments. This development-and-sale model is complemented by ...Lead Real Estate Co., Ltd. (LRE) is an upscale-focused real estate company headquartered in Tokyo, Japan. Founded in 2001, the company primarily earns revenue from the planning, development, and sale of residential properties—most notably detached houses and condominium complexes positioned in higher-end market segments. This development-and-sale model is complemented by ongoing asset-related activities that can support recurring visibility beyond one-time property transactions.
From a business perspective, LRE’s operations are centered on the end-to-end process of real estate creation: selecting or designing projects, developing them, and selling completed homes and condominiums to buyers. The company’s “upscale residential” orientation suggests a strategy aimed at differentiation through property quality, location, and product positioning rather than purely low-cost mass development.
In addition to sales, LRE expands its footprint through hospitality and leasing. The company manages hotels in Tokyo, which indicates capabilities in property operations and customer-facing services, and may help diversify revenue sources relative to purely transactional home sales. It also offers apartment units for lease across Japan and in Dallas, Texas. This leasing activity indicates an operational extension of the firm’s real estate platform—owning or controlling rental assets and generating income through occupancy/lease agreements.
For U.S. investors, the company is represented by American Depositary Shares (ADSs), trading on the NASDAQ Capital Market under ticker LRE. Based on the provided information, the ADS structure corresponds to the company’s ordinary shares.
In terms of scale, LRE reported 76 full-time employees, placing it in the 0–100 employee range. The company’s website is listed as https://www.lead-real.co.jp. CEO Eiji Nagahara leads the organization, and public communications emphasize leveraging an upscale luxury home portfolio and market position to enable a transaction platform connecting buyers to prime Japanese and overseas condominium opportunities.
Cost and capital intensity in real estate development typically involve land acquisition, construction, and development-related costs (often leading to lumpy cash flows by project). The provided valuation metrics and financial ratios (e.g., relatively low current ratio and leverage-related measures) are consistent with the capital-structure considerations commonly seen in development firms; however, specific line-item cost breakdowns and BOM-style product cost components are not provided in the source text. Overall, LRE’s mix of development/sale plus hotel operations and residential leasing suggests a strategy designed to balance transactional growth with operating assets that can help support longer-term utilization and income generation.
Founded
2001
Employees
76
CEO
Eiji Nagahara
Full Name
Lead Real Estate Co., Ltd American Depositary Shares
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$18.2B
-4.1%
-69.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$816.3M
+30.2%
-133.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+19.2%
+23.4%
-51.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+7.8%
+65.1%
-176.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+4.5%
+35.8%
-206.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$762.9M
+216.3%
+176.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+4.2%
+221.3%
+347.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
258.2%
-5.5%
+56.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.36x
-74.5%
-69.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.