Japanese provider of corporate housing, relocation and employee-benefit outsourcing services for companies.
Japanese provider of corporate housing, relocation and employee-benefit outsourcing services for companies.
Leases homes from landlords and sublets them to client companies for employees, earning the difference between rent charged and rent paid, plus fees for relocation work and outsourced employee benefits. Corporate demand follows employee transfers, which cluster around April in Japan.
In one line: A Japanese mashup of a corporate-housing provider and an employee-benefits outsourcer.
Moat: narrow (scale, installed base, network effects). Large network of corporate housing units and long-standing corporate client relationships built over decades.
Headquarters: Tokyo, Japan · Founded: 1975 · Employees: 3,451
Size Relo (8876.T) is a Japan Real Estate company (Real Estate Development) with a market value of $2.30B, the 443rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,370 on 6 Nov 2026.
Performance Over six months the shares gained 21.1%, against -11.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 7.1% over the last twelve months (peer median +10.0%); the operating margin is 20.5% (peer median 40.6%).
Valuation It trades at 15.5× forward earnings against a peer median of 13.4× (8th most expensive of 20).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥154B | ¥151B | ¥143B | ¥133B | ¥124B |
| Revenue growth | — | +6% | +8% | +7% | — |
| Gross profit | ¥71.7B | ¥70.3B | ¥66.3B | ¥56.9B | ¥52.0B |
| EBITDA | ¥50.7B | ¥47.0B | ¥44.8B | ¥41.6B | ¥26.3B |
| Net income | ¥21.5B | ¥20.7B | ¥43.3B | -¥27.8B | ¥20.9B |
| Free cash flow | ¥20.3B | ¥17.8B | ¥21.9B | ¥16.3B | ¥3.38B |
| Capital expenditure | ¥7.51B | ¥7.05B | ¥6.12B | ¥4.08B | ¥4.11B |
| Total debt | ¥80.9B | ¥149B | ¥146B | ¥165B | ¥156B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Relo 8876.T | $2.30B | +21% | +7% | 20% | 15.5× | n/a |
| Leopalace21 8848.T | $1.99B | +52% | +3% | 8% | 13.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8876.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | +4.4% | 8th lowest of 21 |
| 6-month return | +21.1% | -11.2% | 2nd highest of 20 |
| Distance from 52-week high | -7.4% | -25.0% | 2nd highest of 21 |
| Revenue growth (TTM) | +7.1% | +10.0% | 8th lowest of 20 |
| Operating margin | 20.5% | 40.6% | 7th lowest of 20 |
| Forward P/E | 15.5× | 13.4× | 8th most expensive of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Relo 8876.T | Japan | $2.30B | +21% | +7% | 20% | 15.5× | n/a | n/a |
| Wihlborgs Fastigheter WIHL.ST | Sweden | $2.28B | -14% | +7% | 70% | 10.8× | n/a | n/a |
| Investis IREN.SW | Switzerland | $2.26B | -2% | +10% | 67% | 32.9× | n/a | n/a |
| Green Development Electricity Group of Tianjin 000537.SZ | China | $2.19B | -28% | +13% | 31% | 37.3× | n/a | n/a |
| Highwealth Construction 2542.TW | Taiwan | $2.42B | -5% | +111% | 25% | 4.3× | n/a | n/a |
| Hysan Development 0014.HK | Hong Kong | $2.16B | -20% | -2% | 72% | 7.5× | n/a | n/a |
| Newmark NMRK | United States | $2.16B | -29% | +16% | 7% | 6.1× | n/a | n/a |
| Hang Lung 0010.HK | Hong Kong | $2.14B | -25% | +9% | 53% | n/a | n/a | n/a |
| Lumo Homes LUMO.HE | Finland | $2.14B | -3% | +1% | 59% | 15.8× | n/a | n/a |
| Sirius Real Estate SRE.L | United Kingdom | $2.14B | +1% | +13% | 41% | 13.6× | n/a | n/a |
| Hufvudstaden HUFV-A.ST | Sweden | $2.14B | -5% | -4% | 47% | 20.9× | n/a | n/a |
| Country Garden Services 6098.HK | Hong Kong | $2.13B | -21% | +11% | 4% | 7.0× | n/a | n/a |
| Winnovation Culturaltainment Development Limited 000620.SZ | China | $2.12B | -6% | +14% | -39% | 66.0× | n/a | n/a |
| TAG Immobilien TEG.DE | Germany | $2.51B | -20% | -5% | 31% | 10.1× | n/a | n/a |
| Savills SVS.L | United Kingdom | $2.56B | +37% | +7% | 5% | 13.4× | n/a | n/a |
| Wallenstam WALL-B.ST | Sweden | $2.57B | -2% | +2% | 60% | 19.3× | n/a | n/a |
| Altarea SCA ALTA.PA | France | $2.05B | -31% | -20% | 9% | 9.9× | n/a | n/a |
| Neinor Homes HOME.MC | Spain | $2.04B | +10% | +165% | 10% | 13.0× | n/a | n/a |
| Eaglerock Land LLC EROK | United States | $2.60B | n/a | n/a | n/a | 29.6× | n/a | n/a |
| Catena CATE.ST | Sweden | $2.61B | -11% | +17% | 82% | 13.4× | n/a | n/a |
| Fabege FABG.ST | Sweden | $2.02B | -16% | +27% | 59% | 14.7× | n/a | n/a |