GRANDES,Inc.JP:3261Stock Price

Market cap
¥2B
P/E ratio
24.8x
Grandees Corporation builds and sells homes and investment properties across Japan, specializing in affordable family homes and custom houses made with premium Kiso Hinoki timber.

Price and Volume

Market Cap

Subscribe to premium to access
Market Cap.

Check pricing

PER

Subscribe to premium to access
PER.

Check pricing

PBR

Business Overview

Grandees Corporation operates primarily in real estate sales and construction contracting. Grandees and its consolidated subsidiary, Morizo Corporation, conduct these business operations.

In real estate sales, the company sells built-for-sale homes and investment properties. Built-for-sale homes target first-time homebuyers in regional cities and suburban areas around major metropolitan regions, offering two types: 3-bedroom and 4-bedroom units. The price range is 20 million to 40 million yen, characterized by high quality and competitive pricing.

For investment property sales, the company offers investment condominiums under the "Lesco" series and investment wooden apartments under the "Atteraise" series. Lesco comprises mid-sized rental condominiums, while Atteraise offers wooden apartments with floor plans tailored to location. The company also provides simple accommodation facilities to meet inbound tourism demand.

Construction contracting is handled by Morizo Corporation, which provides mid-to-high-end custom homes using domestic premium timber, "Kiso Hinoki." Centered in the Kanto-Koshin'etsu region, the company designs and builds homes according to customer needs.

Management Policy

Grandees Corporation pursues sustainable growth and enhanced corporate value by providing diverse housing solutions in partnership with stakeholders. The company meets varied customer needs by offering high-quality, competitively priced single-family homes, investment real estate for affluent clients, and mid-to-premium custom homes.

In response to the challenging operating environment in the housing and condominium industry, the company has formulated a medium- to long-term growth strategy. While single-family home demand has declined due to rising construction material and labor costs as well as increased mortgage interest rates, the company recognizes that demand for investment real estate remains resilient.

Grandees is strengthening its investment real estate business. The company is advancing development in the Kanto region, increasing its property portfolio, and making steady progress in developing short-term rental accommodations to meet inbound tourism demand. Additionally, the company has added grid-scale battery storage systems to its product lineup and continues developing optimal products across diverse markets.

To optimize operations in the Kanto region, the company has made Morizoue Corporation and Sanai Home Corporation consolidated subsidiaries. This accelerates the expansion of single-family home sales and investment real estate operations in the Kanto area, strengthening the group's overall management foundation. Through these initiatives, the company aims to achieve profitability across all group companies.