Hokuriku property rental firm, 20+ owned buildings, EBITDA over ¥100M

Asking price	¥400,000,000 (negotiable) + broker fee
Annual revenue	¥250,000,000 to ¥500,000,000 (business model section states ¥300,000,000 to ¥500,000,000)
Operating profit	¥50,000,000 to ¥75,000,000 (reported operating profit); real EBITDA stated as approximately ¥100,000,000
Price vs profit	About 4 to 8 times operating profit (profit shown as a band). Fine at the top of the band, expensive at the bottom. Ask where the real number sits.
Location	Chubu / Hokuriku region, Japan
Industry	Real estate rental and sales
Employees	5 or fewer (business model section states 1 to 4)
Transfer type	share (想定譲渡スキーム：会社譲渡／譲渡対象会社)

What is for sale

This is a real estate rental business in the Hokuriku region that owns and leases more than 20 apartment buildings and detached rental houses, plus runs some property sales. It has been operating for 10 to 20 years and is run almost single-handedly by the owner, with management tasks outsourced to keep the team lean. The owner is selling to secure founder's profit (cashing out after building the business) and plans to retire after a handover period.

Because this is a company (share) sale, the buyer takes over the existing legal entity along with its properties, bank accounts and any licences, rather than re-registering everything from scratch.

What is included

All real estate properties (20+ apartment buildings and detached rental houses), self-owned
Rental and parking income streams
Existing outsourced property management arrangements
Business operating know-how and systemised workflows
Customer base of individual and corporate tenants
The company itself (shares) including cash and net assets

Strengths (as the seller states them)

Stable, recession-resistant recurring income from rent and parking, since all properties are self-owned
Diversified portfolio of multiple properties across the Hokuriku area
High occupancy rates with local tenants
Lean, systemised operation with low labour cost risk, run by a single owner with outsourced management

Wrinkles a careful buyer would ask about

Interest-bearing debt is reported at ¥500,000,000 to ¥1,000,000,000, a very high level relative to revenue
Buyer is advised to confirm the terms for releasing the owner's personal guarantee (連帯保証) tied to company borrowing
Detailed financial figures (executive pay, depreciation, cash balance, total assets, net assets) are hidden until the buyer registers as a member
Owner plans to stay on only for a limited handover period after sale, then retire
Per-property profitability and the exact debt breakdown should be checked before proceeding

Paying for it

If you stay overseas. No Japanese bank will lend to a new company whose director lives abroad. The realistic stack is your own cash plus asking the owner to take part of the price over 2 to 3 years. That one question is in every Deal Pack.

If you move to Japan. On a visa that lets you run a business, Japan Finance Corporation lends up to ¥72M at about 1 to 2 percent for exactly this. Once you have a Japanese company, the government pays two-thirds of due diligence and registered-broker costs, up to about ¥8M (round 16 closes 6 Nov 2026). The company's existing bank relationship comes with it.

What this listing says. The listing states interest-bearing debt of ¥500,000,000 to ¥1,000,000,000 that appears to transfer with the company, and explicitly flags that releasing the owner's personal guarantee (連帯保証) on this debt needs to be confirmed; the broker also charges a success fee based on a Lehman formula with a minimum of ¥25,000,000 plus 10% paid at basic agreement, on top of TRANBI's own usage fee.

Full rundown, with the catches: japandealflow.com/money

Summary of a public listing as at 2026-10-12. Seller-reported figures, not verified. Listings sell fast, the original may already be gone. Nothing here is financial or visa advice. Free weekly email: Japan Deal Flow.