Loading…
← CockpitCompetitor Analysis › 8876.T Relo Group, Inc.Open in the cockpit ↗

Relo Group, Inc.8876.TCompetitor analysis, valuation and peers

Japan · JPY·Real Estate›Real Estate Development

Japanese provider of corporate housing, relocation and employee-benefit outsourcing services for companies.

≈ A Japanese mashup of a corporate-housing provider and an employee-benefits outsourcerMomentum leader 88
Mkt cap
$2.30B
US dollars, full cap
Free float
53%
of shares outstanding
$/day
$7.88M
20-day average traded
Fwd P/E
15.5×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
6 days
12 Nov 2026
Close · JPY¥2,370
1D-4.5%
1W-1.8%
1M+1.3%
3M+19.3%
6M+21.1%
YTD+38.2%
1Y+40.1%
ATR %2.5%
52w lowhigh7.4% off high

What Relo does

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.

Products and services

  • Corporate housing leasing
  • Employee relocation services
  • Employee benefits outsourcing
  • Senior living/healthcare services

Customers

  • Corporations needing employee housing/relocation
  • Employees using benefits programs

Where it sits in the supply chain

  • Real estate
  • Corporate housing/relocation services
  • Corporate housing leasing, relocation…

What could go right

  • Corporate relocation/benefits outsourcing demand

What could go wrong

  • Corporate real estate spending cyclicality

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

Named competitors

  • Leopalace21 8848.T
  • Mitsui Fudosan Realty private or unlisted
  • Benefit One private or unlisted

Relo at a glance

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).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20268876.T 123Peer median 87
Six months, rebased to 100: Relo against the median of its 20 peers (local-currency closes).

Relo financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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

Quarterly statements and history in the cockpit →

Relo competitor charts

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.

Performance: 6-month against 1-month return

-20%0%+20%+40%-10%0%+10%+20%WIHLIREN00053725420014NMRK0010LUMOSREHUFV-A6098000620TEGSVSALTAHOMECATEFABG8876.T6-month return →1-month return →
Up and to the right = strong over both horizons. Relo is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%0×20×40×60×WIHLIREN00053725420014NMRKLUMOHUFV-A000620TEGHOMEFABG8876.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Relo is the large dot.

Relo competitors and peer comparison

Head to head with its named competitors (8876.T vs 8848.T)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq 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

How Relo compares with its peers

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.

Relo against its 20 peers (data as of 6 Nov 2026)
Measure8876.TPeer medianRank 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 margin20.5%40.6%7th lowest of 20
Forward P/E15.5×13.4×8th most expensive of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Relo 8876.TJapan$2.30B+21%+7%20%15.5×n/an/a
Wihlborgs Fastigheter WIHL.STSweden$2.28B-14%+7%70%10.8×n/an/a
Investis IREN.SWSwitzerland$2.26B-2%+10%67%32.9×n/an/a
Green Development Electricity Group of Tianjin 000537.SZChina$2.19B-28%+13%31%37.3×n/an/a
Highwealth Construction 2542.TWTaiwan$2.42B-5%+111%25%4.3×n/an/a
Hysan Development 0014.HKHong Kong$2.16B-20%-2%72%7.5×n/an/a
Newmark NMRKUnited States$2.16B-29%+16%7%6.1×n/an/a
Hang Lung 0010.HKHong Kong$2.14B-25%+9%53%n/an/an/a
Lumo Homes LUMO.HEFinland$2.14B-3%+1%59%15.8×n/an/a
Sirius Real Estate SRE.LUnited Kingdom$2.14B+1%+13%41%13.6×n/an/a
Hufvudstaden HUFV-A.STSweden$2.14B-5%-4%47%20.9×n/an/a
Country Garden Services 6098.HKHong Kong$2.13B-21%+11%4%7.0×n/an/a
Winnovation Culturaltainment Development Limited 000620.SZChina$2.12B-6%+14%-39%66.0×n/an/a
TAG Immobilien TEG.DEGermany$2.51B-20%-5%31%10.1×n/an/a
Savills SVS.LUnited Kingdom$2.56B+37%+7%5%13.4×n/an/a
Wallenstam WALL-B.STSweden$2.57B-2%+2%60%19.3×n/an/a
Altarea SCA ALTA.PAFrance$2.05B-31%-20%9%9.9×n/an/a
Neinor Homes HOME.MCSpain$2.04B+10%+165%10%13.0×n/an/a
Eaglerock Land LLC EROKUnited States$2.60Bn/an/an/a29.6×n/an/a
Catena CATE.STSweden$2.61B-11%+17%82%13.4×n/an/a
Fabege FABG.STSweden$2.02B-16%+27%59%14.7×n/an/a

Questions

Who are Relo's main competitors?
Named competitors: Leopalace21 (8848.T), Mitsui Fudosan Realty (private or unlisted), Benefit One (private or unlisted). The cockpit's measured peer set (industry) also includes Wihlborgs Fastigheter (WIHL.ST), Investis (IREN.SW), Green Development Electricity Group of Tianjin (000537.SZ), Highwealth Construction (2542.TW), Hysan Development (0014.HK), Newmark (NMRK).
Is Relo expensive compared with its peers?
On forward p/e it trades at 15.5× against a peer median of 13.4×, 8th most expensive of 20 in its peer set.
How has Relo stock performed?
Over six months to 6 Nov 2026 the shares returned +21.1% against -11.2% for the median peer; over one year +40.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.