$LRE

LEAD REAL ESTATE CO., LTD

CIK:0001888980|SEC Filings

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - JPY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
Revenue:
Total revenue	¥ 18,842,663	¥ 18,950,683	¥ 17,415,248
Expenses:
Selling, general and administrative	2,253,653	2,051,040	1,817,970
Total expenses	17,367,682	18,052,117	16,475,973
Operating income	1,474,981	898,566	939,275
Other income (expense):
Interest expenses	(44,544)	(18,286)	(16,731)
Other, net	(35,881)	73,759	6,268
Total other income (expense), net	(80,425)	55,473	(10,463)
Income before income taxes	1,394,556	954,039	928,812
Income taxes	548,331	327,869	317,418
Net income	846,225	626,170	611,394
Net loss attributable to the noncontrolling interests	(559)	(789)	(524)
Net income attributable to common stockholders	846,784	626,959	611,918
Foreign currency translation gain (loss)	(11,905)	10,512	5,241
Total Comprehensive income	¥ 834,879	¥ 637,471	¥ 617,159
Earnings per share:
Basic (in dollars per share)	¥ 62.07	¥ 46.93	¥ 48.96
Diluted (in dollars per share)	¥ 62.07	¥ 46.93	¥ 48.96
Weighted average shares outstanding:
Basic (in shares)	13,641,900	13,360,834	12,498,900
Diluted (in shares)	13,641,900	13,360,834	12,498,900
Real estate
Revenue:
Total revenue	¥ 18,307,409	¥ 18,487,074	¥ 17,098,308
Expenses:
Cost of sales	14,756,750	15,721,271	14,466,459
Other revenue
Revenue:
Total revenue	535,254	463,609	316,940
Expenses:
Cost of sales	¥ 357,279	¥ 279,806	¥ 191,544

CONSOLIDATED STATEMENTS OF CASH FLOWS - JPY (¥) ¥ in Thousands	12 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net income	¥ 846,225	¥ 626,170
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	110,448	102,713
Loss on disposal of assets	320	5,852
Gain on sales of assets	(1,000)
Impairment loss on property and equipment	14,741
Impairment loss on real estate inventories	6,013	0
Non-cash finance lease expense	28,503	23,847
Investment revaluation (gain) loss	(4,459)	1,965
Impairment loss on equity securities without readily determinable fair values	23,509	0
Deferred income taxes, net	4,418	50,993
Changes in assets and liabilities:
Accounts receivable, net	(15,664)	(16,246)
Real estate inventory	1,204,545	1,122,406
Contract assets	95,081	199,522
Prepaid and other current assets	112,238	(290,238)
Operating lease, net	(2,307)	2,655
Other assets	(156,158)	15,890
Accounts payable	433,699	(130,709)
Contract liabilities	207,224	(130,271)
Accrued expenses and other current liabilities	405,722	(12,654)
Net cash provided by (used in) operating activities	3,313,098	1,571,895
Cash flows from investing activities:
Purchases of property and equipment	(2,521,787)	(2,221,499)
Proceeds from sale of property and equipment	3,182
Purchases of intangible assets	(2,351)	(6,359)
Purchase of investments and investments in marketable securities	(100,841)	(15,203)
Net cash used in investing activities	(2,621,797)	(2,243,061)
Cash flows from financing activities:
Proceeds from notes payable	14,734,600	15,014,801
Payments on notes payable	(13,969,871)	(14,745,923)
Payments on IPO costs		(229,046)
Proceeds from common stock issuance		1,187,428
Dividend payments	(40,926)	(24,998)
Purchases of noncontrolling interest	(49)
Repayments of principal portion of finance lease liability	(27,999)	(25,689)
Net cash provided by financing activities	695,755	1,176,573
Effect of exchange rate change on cash and cash equivalents	(30,880)	8,904
Net increase in cash and cash equivalents	1,356,176	514,311
Cash and cash equivalents, beginning of year	1,300,684	786,373
Cash and cash equivalents, end of year	2,656,860	1,300,684
Cash paid during the year for
Interest	44,544	352,355
Income taxes	309,482	316,050
Non-cash investing and financing activities
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	747,616	2,613
Finance lease right - of - use assets obtained in exchange for finance lease liabilities	¥ 38,066	¥ 38,673

CONSOLIDATED BALANCE SHEETS - JPY (¥) ¥ in Thousands	Jun. 30, 2025	Jun. 30, 2024
Current assets:
Cash and cash equivalents	¥ 2,656,860	¥ 1,300,684
Accounts receivable, net	38,523	22,859
Real estate inventory	10,134,739	9,267,825
Contract assets	141,418	236,499
Prepaid and other current assets	381,581	493,819
Total current assets	13,353,121	11,321,686
Property and equipment, net	5,796,381	5,449,101
Intangible asset, net	35,396	54,138
Investments in marketable securities	25,303	20,844
Right-of-use assets, operating lease, net	820,786	154,613
Investments	122,101	46,394
Other assets	326,746	170,588
Total assets	20,479,834	17,217,364
Current liabilities:
Accounts payable	1,035,712	602,013
Current portion of notes payable	7,599,606	6,815,181
Contract liabilities	337,483	130,259
Current portion of operating lease liabilities	201,313	67,938
Accrued expenses and other current liabilities	764,920	356,856
Total current liabilities	9,939,034	7,972,247
Notes payable, net of current portion	4,557,855	4,598,151
Deferred tax liabilities, net	89,638	85,018
Operating lease liabilities, net of current portion	621,962	91,471
Other liabilities	240,632	233,109
Total liabilities	15,449,121	12,979,996
SHAREHOLDERS' EQUITY
Common stock, 50,000,000 shares authorized, 15,628,000 shares issued and 13,641,900 shares outstanding as of June 30, 2025 and 2024 with no stated par value	1,207,055	1,206,765
Retained earnings	3,965,673	3,159,815
Treasury stock, at cost, 1,986,100 shares as of June 30, 2025 and 2024	(154,121)	(154,121)
Non-controlling interest	(8,456)	(7,558)
Accumulated translation gain	20,562	32,467
Total shareholders' equity	5,030,713	4,237,368
Total liabilities and shareholders' equity	¥ 20,479,834	¥ 17,217,364