Net cash basis: Cash ¥664M plus marketable securities ¥63M, zero borrowings, Q2 FY7/26 balance sheet (2026-01-31). Excludes the ¥4,234M investment-securities portfolio (mostly US-dollar bonds) held under fixed assets.
Revenue, operating profit, and operating margin by fiscal year
Annual figures as filed in each year's annual securities report (JP GAAP, non-consolidated, ¥M). Per-share figures are stated on a post-split basis after the 2-for-1 stock split effective 2023-08-01 (FY7/21–FY7/23 DPS halved from as-paid amounts). FY7/26E is the company's own guidance. The FY7/24 and FY7/25 reports were re-filed after corrections; the 2026-05-25 correction restated the disclosed page-view KPI, not the financial statements. Links open the English disclosure when the company provides one; [JA] marks Japanese-only documents.
| FY | Revenue | YoY | Op Profit | YoY | OPM | Net Income | EPS ¥ | DPS ¥ | Disclosure |
|---|---|---|---|---|---|---|---|---|---|
| FY7/21 | 1,716 | — | 809 | — | 47.1% | 498 | 22.18 | 5.00 | Annual report [JA] |
| FY7/22 | 1,876 | +9.3% | 1,014 | +25.3% | 54.1% | 686 | 31.14 | 5.50 | Annual report [JA] |
| FY7/23 | 2,093 | +11.6% | 1,125 | +10.9% | 53.8% | 760 | 35.05 | 7.00 | Annual report [JA] |
| FY7/24 | 2,364 | +12.9% | 1,061 | -5.7% | 44.9% | 808 | 37.35 | 8.00 | Annual report (corrected) [JA] |
| FY7/25 | 3,159 | +33.6% | 1,545 | +45.6% | 48.9% | 1,170 | 56.09 | 10.00 | Annual report (corrected) [JA] |
| FY7/26E | 3,500 | +10.8% | 1,800 | +16.5% | 51.4% | 1,308 | 66.08 | 13.00 | Guidance (Q2 tanshin) [JA] |
Net income is profit attributable to owners of the parent. The shaded row is the company's own forecast, not a JII estimate.
Standalone quarters — the last 10
Standalone quarters derived from each period's own year-to-date disclosure (¥M, JP GAAP, non-consolidated), cross-checked against IRBANK's as-reported table; rounding can move a quarter by ¥1M, so the four FY7/25 quarters sum to ¥1,546M operating profit against the ¥1,545M annual figure. TDnet PDF links for the FY7/25 Q1 and Q3 tanshin have expired and are omitted.
| Quarter | Revenue | YoY | Op Profit | YoY | OPM | Net Income | Disclosure |
|---|---|---|---|---|---|---|---|
| FY24 Q1 | 555 | — | 302 | — | 54.4% | 198 | Quarterly report [JA] |
| FY24 Q2 | 571 | — | 295 | — | 51.7% | 205 | Quarterly report [JA] |
| FY24 Q3 | 597 | — | 242 | — | 40.5% | 172 | — |
| FY24 Q4 † | 642 | — | 221 | — | 34.4% | 233 | Annual report [JA] |
| FY25 Q1 | 755 | +36.0% | 276 | -8.6% | 36.6% | 221 | — |
| FY25 Q2 | 775 | +35.7% | 403 | +36.6% | 52.0% | 303 | Semi-annual report [JA] |
| FY25 Q3 | 825 | +38.2% | 452 | +86.8% | 54.8% | 337 | — |
| FY25 Q4 † | 804 | +25.2% | 415 | +87.8% | 51.6% | 309 | Annual report [JA] |
| FY26 Q1 | 883 | +17.0% | 497 | +80.1% | 56.3% | 372 | Q1 briefing deck [JA] |
| FY26 Q2 | 875 | +12.9% | 475 | +17.9% | 54.3% | 350 | Q2 tanshin [JA] |
† Fourth quarters are derived as the full year minus the nine-month cumulative. YoY compares the same quarter a year earlier.
Cap table and the latest capital-allocation signals
Major shareholders · as of 2025-07-31
| Holder | Shares | Ratio | |
|---|---|---|---|
| 1 | Naohiro Sakaguchi (founder & CEO)坂口直大 | 13,499,900 | 67.03% |
| 2 | CACEIS Bank / Quintet Luxembourg UCITS customers account (custodian)CACEIS BANK/QUINTET LUXEMBOURG SUB AC/UCITS CUSTOMERS ACCOUNT | 474,300 | 2.36% |
| 3 | SIX SIS Ltd. (custodian)SIX SIS LTD. | 455,300 | 2.26% |
| 4 | Takumi Capital Management Master Fund LPTAKUMI CAPITAL MANAGEMENT MASTER FUND LP | 412,700 | 2.05% |
| 5 | SBI Securities株式会社SBI証券 | 193,140 | 0.96% |
| 6 | Ueda Yagi Tanshi Co.上田八木短資株式会社 | 170,900 | 0.85% |
| 7 | Shinya Aoyagi青柳進矢 | 160,000 | 0.79% |
| 8 | JPLLC-CL JPY (custodian, Citibank Tokyo)JPLLC-CL JPY | 141,357 | 0.70% |
| 9 | Rakuten Securities楽天証券株式会社 | 133,500 | 0.66% |
| 10 | BNY GCM Client Account JPRD AC ISG (custodian)BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) | 129,828 | 0.64% |
Ratios as filed: percent of shares outstanding excluding treasury shares at fiscal year-end 2025-07-31. A treasury-share cancellation in October 2025 cut shares issued to 19,753,800, so as-filed ratios sit below ratios computed on today's share count. Source: FY7/25 annual securities report (filed 2025-10-23) [JA]
Founder Naohiro Sakaguchi's 5%-rule filings (joint with his spouse) sit on top of the register above; VIS Advisors, LP is the only outside large-shareholding filer still above the 5% line.
5%-Rule Filings · current positions
Held as representative director and long-term stable shareholder; the spouse holds 100,000 shares as a stable holder. Filing [JA]
Pure investment. Filing [JA]
Stake moves over 1% · filing timeline
Naohiro Sakaguchi (founder & CEO) — Change report at 67.69% (13,370,600 shares; group 68.20% with spouse; filed 2026-04-23) — recent filings reflect pledge-contract amendments, not open-market sales. Filing [JA]
Naohiro Sakaguchi (founder & CEO) — Ratio rose 4.5 points to 68.30% without buying a share — the company cancelled treasury stock, shrinking the denominator.
VIS Advisors, LP — Trimmed to 5.08% (1,075,400 shares; filed 2025-05-13) — a holder since before March 2021, with filings implying an average cost around ¥402 per share. Filing [JA]
Naohiro Sakaguchi (founder & CEO) — Sold down in steps from 14,346,400 shares (December 2024) to 13,499,900 by June 2025 — roughly 0.85M shares, taking the ratio from 67.8% to 63.8% before cancellations lifted it back.
Naohiro Sakaguchi (founder & CEO) — Ratio jumped 7.0 points to 68.64% on the October 2024 treasury-share cancellation that followed the FY7/23 buyback.
The disclosures worth your time
The documents a first-time reader of this company actually needs, in reading order. Direct PDFs where the link is durable; everything else lives on the company's own library pages below. English documents are linked whenever the company provides them; [JA] marks items where no English version exists.
Rakumachi, Inc. — official IR site ↗ (Japanese only; the company publishes no English IR site)Key documents
2025-12-12 Start here Q1 FY7/26 earnings briefing deck — business model, paying-agency and member KPIs (the most recent archived deck) [JA] 2026-03-17 Results Q2 FY7/26 tanshin (interim financial results, JP GAAP, non-consolidated) [JA] 2025-09-12 Results FY7/25 results briefing deck — full-year walkthrough of the marketplace model and FY7/26 guidance [JA] 2025-09-12 Results FY7/25 tanshin (full-year financial results) [JA] 2026-05-25 Note Correction of past tanshin and statutory reports — the page-view KPI restatement; financial statements were not changed [JA] 2026-05-25 Capital policy Share buyback resolution (announced the same day as the corrections) [JA] 2026-05-25 Annual report FY7/25 annual securities report (YUHO), as corrected 2026-05-25 — full financials, cap table [JA]Published Compounder Profiles on Rakumachi, Inc.
Long-form JII analysis. New write-ups are added here as results come in; the overview above always carries the latest numbers.
2026-05-27 JII Compounder Profile — Initiation ↗Operator of rakumachi.co.jp, a TSE Standard marketplace where individual investors browse income-producing real-estate listings from 5,459 paying brokerage agencies, running a 48.9% operating margin. Examines the May 25, 2026 page-view restatement, the ¥4.08bn US-dollar bond portfolio sitting outside the operating business, and the founder-controlled float that has capped multiple expansion.
This is not investment advice. Japan Investor Interface Co., Ltd. ("JII") is an investor-relations consultancy, not a registered investment advisor, broker-dealer, or securities firm in any jurisdiction, and is not registered as a Financial Instruments Business Operator under Japan's Financial Instruments and Exchange Act. This page is an editorial compilation of publicly disclosed information for educational and research purposes. Nothing here constitutes a recommendation or solicitation to buy, sell, or hold any security. Figures may be incomplete, out of date, or incorrect; company forecasts are the company's own and are inherently uncertain. JII does not trade in or hold positions in the securities of companies profiled. Before making any investment decision, consult qualified, licensed advisors and rely on primary disclosures issued by the company.
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