Lead Real Estate Co., Ltd (LRE) stock: price, suppliers, customers and institutional ownership
Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.
Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.
Lead Real Estate Co., Ltd
Price, suppliers and customers from SEC filings, institutional ownership and the next report.
Nasdaq · Construction
Prev close 1.22 · gapped above the open, never looked back. High/low 1.26 at 4:00 am ET, 1.22 at 9:45 am ET.
• Our Mission: Our mission is to serve our customers by offering stylish, safe, and luxurious living and to adopt the Kaizen (continuous improvement) approach to improve our operations. • Our Vision: We seek to leverage our nationally-recognized, award-winning luxury homes and our strong market position in the luxury residential property market in Tokyo and Kanagawa prefecture to create a global transaction platform allowing access to prime Japanese condominiums as well as overseas condominiums, including in the U.S. and Hong Kong. We are a growing developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture. In addition, we operate hotels in Tokyo and lease apartment building units to individual customers in Japan and Dallas, Texas. We primarily generate revenue from developing and selling single-family homes and condominiums. Since our inception in 2001, we have delivered more than 1,000 single-family homes and 25 condominiums. The target customers of our single-family homes are wealthy family buyers who are looking for luxury single-family homes as their primary residence, while the target customers of our condominiums are institutional customers who look to purchase entire condominiums for investment purposes. We rely on real estate agencies to help identify land and development sites for acquisition and customers for our luxury residential properties and generally acquire land parcels from private landowners. We outsource the design work and construction for our luxury residential property projects to third-party design firms and construction companies, while coordinating and closely supervising the projects through our internal teams to maximize quality of the projects. In addition, we launched our interactive media platform, Glocaly, in October 2021, as a listing and marketing platform seeking to facilitate matching of sellers and buyers of condominiums. We utilize a homebuilding model designed to minimize risks, in which we typically identify customers for our single-family homes before acquiring the land and commencing construction and build our condominiums in highly-marketable locations, resulting in only one cancelation during the six months ended December 31, 2021 and the fiscal years ended June 30, 2021 and 2020. When developing a single-family home or condominium, we typically deliver the land to the customer before starting the construction of the building and deliver the completed building to the customer six to 12 months after the land delivery, in order to quickly recover our payment for the land. The tables below summarize the units of land and building we delivered during the six months ended December 31, 2021 and the fiscal years ended June 30, 2021 and 2020. Six Months Ended December 31, 2021 Land Building Deliveries Deliveries Type (Units) (Units) Single-family homes 35 33 Condominiums 5 5 Fiscal Year Ended Fiscal Year Ended June 30, 2021 June 30, 2020 Land Building Land Building Deliveries Deliveries Deliveries Deliveries Type (Units) (Units) (Units) (Units) Single-family homes 102 50 43 22 Condominiums 4 4 10 7 To diversify our revenue streams and supplement our real estate sales, we have expanded into other businesses related to real estate since 2018. During the six months ended December 31, 2021 and the fiscal years ended June 30, 2021 and 2020, we operated four, four, and two hotels, respectively, in Tokyo. During the six months ended December 31, 2021, we leased apartment units in 12 apartment buildings to 70 individual customers. During the fiscal years ended June 30, 2021 and 2020, we leased apartment units in 17 apartment buildings to 118 and 196 individual customers, respectively. For the six months ended December 31, 2021 and the fiscal years ended June 30, 2021 and 2020, we had total revenue of JPY7,121,543 thousand (approximately $61,835 thousand), JPY11,255,277 thousand (approximately $97,728 thousand), and JPY8,680,964 thousand (approximately $75,375 thousand), respectively, and profit of JPY182,779 thousand (approximately $1,587 thousand), JPY276,802 thousand (approximately $2,403 thousand), and JPY94,104 thousand (approximately $817 thousand), respectively. Revenue generated from real estate development and sales accounted for approximately 98.5%, 98.5%, and 98.5% of our total revenue for those period and fiscal years, respectively. Revenue derived from other businesses accounted for approximately 1.5%, 1.5%, and 1.5% of our total revenue for those period and fiscal years, respectively. Our headquarters are located at 6F, MFPR Shibuya Nanpeidai Building 16-11, Nampeidai-cho, Shibuya-ku, Tokyo, 150-0036, Japan. Our agent for service of process in the United States is Lead Real Estate Global Co., Ltd., located at 6860 North Dallas Pkwy, Suite 200, Plano, TX.
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2 managers report a position worth $109,563 between them, and 2 of them hold 80% of it.
tall tick = annual report · 1 on record
LRE (Lead Real Estate Co., Ltd) has 0 disclosed suppliers and 0 disclosed customers, strongest disclosure first.
Select a tie for the filing sentence that discloses it; select again to open the company. Lines are disclosed suppliers and customers, coloured by industry; the closer to the centre, the more the filings disclose. A dot is green or red by today’s move. Extended: satellites hang off single companies, not bundled sectors.