LEAD REAL ESTATE CO., LTD (LRE) Form 20-F — Nov 2, 2026
Lead Real Estate filed its FY2026 (fiscal year ended June 30, 2026) annual report on Form 20-F, reporting revenue of JPY18,174,206 thousand (approximately $111.8 million), down about 3.5% from JPY18,842,663 thousand the prior year, with profit declining to JPY642,260 thousand (~$3.95 million) from JPY846,784 thousand. The filing carries several red flags: the cover page indicates the financial statements reflect correction of errors to previously issued financials, management identified material weaknesses and concluded internal control over financial reporting was ineffective, and securities class actions were filed against the company in New York in March and April 2026.
Key figures
- Revenue
- 18174206000
- Net Income
- 642260000
- Revenue Yoy
- -3.5% (JPY18,842,663 thousand FY2025 to JPY18,174,206 thousand FY2026)
- Shares Outstanding
- 13641900
- Condo revenue
- JPY9,796,918 thousand (~$60,248 thousand), ~54% of revenue
- Hotels operated
- 9
- Insider ownership
- 89.8% held by directors and executive officers
- Prior year profit
- JPY846,784 thousand (FY2025)
- Profit usd approx
- USD 3,950 thousand
- Prior year revenue
- JPY18,842,663 thousand (FY2025)
- Revenue usd approx
- USD 111,766 thousand
- Interest bearing debt
- JPY17.5 billion (+44% YoY)
- Condo projects delivered
- 19
- Short term notes payable
- JPY6,279,946 thousand (~$38,620 thousand)
- Short term loan rate range
- 1.75% to 10%
- Single family home deliveries
- 51
AI analysis
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