# CCReB Advisors Inc.: business model and financials

> Latest period: FY ending Aug 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第7期(2024/09/01－2025/08/31) (S100X6P1)
> Page: https://vizora.meequs.com/en/company/ccreb
> Retrieved: 2026-09-30T19:05:57.967Z

## Company

CCReB Advisors, founded in 2019, is a company in Real Estate Brokerage & Management listed on TSE Growth. It has 15 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | CCReB Advisors Inc. |
| Ticker | 276A |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/276A.T) |
| Listing | TSE Growth |
| Head office | 東京都千代田区内神田一丁目14番8号KANDASQUAREGATE |
| Representative (per filing) | 代表取締役社長 宮寺 之裕 |
| Founded | Jul 2019 |
| Share capital | ¥567.7M |
| Employees (consolidated) | 15 |
| Average salary (parent only) | ¥8.6M |
| Fiscal year end | August |
| Website | ccreb.jp (https://ccreb.jp/) |
| Corporate number | 2010001202336 |
| EDINET | E40130 |
| Industries (Vizora) | Real Estate Brokerage & Management |

> Profile source: annual securities report (S100X6P1, filed 2025-11-26). As of filing

## Five-axis industry profile

Primary industry: Real Estate Brokerage & Management (2025-08-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 98 | 25 |
| Profitability | 94.2 | 26 |
| Cash conversion | 13.5 | 26 |
| Efficiency | 51.9 | 26 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- CCReB Advisors brought in ¥2.56B in revenue.
- Out of every ¥100 of sales, about ¥24 is left as operating profit.
- Revenue changed +101.2% from the prior year, operating profit +45.6%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥2.56B |  |
| Operating income | ¥613M | Margin 24.0% |
| Net income | ¥445.7M | Margin 17.4% |
| Free cash flow | -¥499.7M |  |
| Employees (consolidated) | 15 |  |
| EPS | ¥109.89 |  |
| Diluted EPS | ¥102.41 |  |
| Book value per share | ¥475.98 |  |
| Equity ratio | 55.2% |  |
| Shares outstanding | 4,316,483 |  |
| Treasury shares | 40,600 |  |
| Shareholders | 2,337 |  |
| Average salary (parent only) | ¥8.6M | Filing company only |
| Cash ratio | 43.2% | Cash ÷ revenue 64.2% |
| Vs. industry median margin | +15 pp | Real Estate Brokerage & Management |
| ROE | 29.1% | Derived from disclosed figures |
| ROA | 16.8% | Derived from disclosed figures |

## Notable figures

- FY2025, cash is 43% of total assets

## What changed in 2 years

| Metric | FY ending Aug 2023 | FY ending Aug 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥703605000 | ¥2555046000 | +263.1% |
| Operating income | ¥233147000 | ¥612998000 | +162.9% |
| Operating margin | 33.1% | 24.0% | -9.1 pp |
| Employees | 9 people | 15 people | +66.7% |
| Cash and equivalents | ¥617700000 | ¥1639195000 | +165.4% |

### Change in segment revenue mix

Span: FY ending Aug 2023 → FY ending Aug 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

## Income statement（FY ending Aug 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,555 | 100.0% | S100X6P1 |
| Cost of revenue | 1,436 | 56.2% | S100X6P1 |
| Gross profit | 1,119 | 43.8% | S100X6P1 |
| SG&A | 506 | 19.8% | S100X6P1 |
| Operating income | 613 | 24.0% | S100X6P1 |
| Ordinary income | 599 | 23.4% | S100X6P1 |
| Pretax income | 622 | 24.4% | S100X6P1 |
| Income tax | 177 | 6.9% | S100X6P1 |
| Net income | 446 | 17.4% | S100X6P1 |
| Net income attributable to owners | 446 | 17.4% | S100X6P1 |

## Per ¥100 of revenue（FY ending Aug 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 56 |
| SG&A | 20 |
| Operating income | 24 |
| (Ref.) Net income | 17 |

### Margin funnel

Gross margin 43.8% → Operating margin 24.0% → Net margin 17.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +101.2%; Core profit growth: +45.6%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.45×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Aug 2024 → FY ending Aug 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,270 | 2,555 | 1,285 | +101.2% |
| Gross profit | 849 | 1,119 | 270 | +31.8% |
| Operating income | 421 | 613 | 192 | +45.6% |
| Net income attributable to owners | 288 | 446 | 157 | +54.5% |
| Operating cash flow | -299 | -382 | -83 | — |
| Free cash flow | -498 | -500 | -2 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Aug 2023 | 704 | 233 | 33.1% | 163 | 279 | 214 | S100UUXL |
| FY ending Aug 2024 | 1,270 | 421 | 33.2% | 288 | -299 | -498 | S100X6P1 |
| FY ending Aug 2025 | 2,555 | 613 | 24.0% | 446 | -382 | -500 | S100X6P1 |

## People and productivity（FY ending Aug 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥170.3M |
| Operating income per employee (consolidated) | ¥40.9M |
| Net income per employee (consolidated) | ¥29.7M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: |
| Employees (consolidated) | 9 | 12 | 15 |
| Average salary (parent company) | — | ¥7.9M | ¥8.6M |
| Average age (parent company) | — | 36.7 years | 39.4 years |
| Average tenure (parent company) | — | 1.6 years | 2.1 years |

Year over year: Employees (consolidated) +25.0% · Revenue (consolidated) +101.2%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Aug 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -382 | -15.0% | S100X6P1 |
| Capital expenditure | 117 | 4.6% | S100X6P1 |
| Free cash flow | -500 | -19.6% | 算出 |
| Investing cash flow | -131 | -5.1% | S100X6P1 |
| Financing cash flow | 1,890 | 74.0% | S100X6P1 |
| Dividends paid | 58 | 2.3% | S100X6P1 |
| Change in cash | 1,377 | 53.9% | S100X6P1 |
| Cash and equivalents | 1,639 | 64.2% | S100X6P1 |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 | Source |
| --- | ---: | ---: | ---: | ---: |
| Cash and equivalents | 618 | 262 | 1,639 | S100X6P1 |
| Total assets | 1,010 | 1,512 | 3,792 | S100UUXL, S100X6P1 |
| Net assets | 716 | 973 | 2,096 | S100X6P1 |
| Share capital | 200 | 200 | 568 | S100UUXL, S100X6P1 |
| Property, plant and equipment | 128 | 279 | 321 | S100UUXL, S100X6P1 |
| Intangible assets excluding goodwill | 27 | 32 | 31 | S100UUXL, S100X6P1 |
| Investment securities | 50 | — | — | S100UUXL |
| Current assets | 700 | 1,073 | 3,217 | S100UUXL, S100X6P1 |
| Current liabilities | 291 | 495 | 1,650 | S100UUXL, S100X6P1 |
| Short-term borrowings | 50 | 220 | 1,450 | S100UUXL, S100X6P1 |
| Total liabilities | 294 | 539 | 1,696 | S100UUXL, S100X6P1 |
| Equity attributable to owners of parent | 715 | 971 | 2,094 | S100UUXL, S100X6P1 |
| Retained earnings | 338 | 592 | 979 | S100UUXL, S100X6P1 |
| Treasury stock | -24 | -22 | -22 | S100UUXL, S100X6P1 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 43% | S100X6P1 |
| Property, plant and equipment | 8% | S100X6P1 |
| Intangibles and goodwill | 1% | S100X6P1 |
| Other assets | 48% | S100X6P1 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 45% | S100X6P1 |
| Equity | 55% | S100X6P1 |

### Balance sheet history

| Metric | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: |
| Total assets | 1,010 | 1,512 | 3,792 |
| Equity | 716 | 973 | 2,096 |
| Interest-bearing debt | — | — | — |
| Cash | 618 | 262 | 1,639 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 12.6% | S100X6P1 |
| Fixed assets ÷ total assets | 8.5% | S100X6P1 |
| Goodwill ÷ parent equity | — | —, S100X6P1 |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 43.2% |
| Cash ÷ revenue | 64.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -62.3% |
| Cash vs. profit gap | -828 JPY mn (of net income -185.7%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 13.1% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 4.6% |
| Investing CF relative to operating CF | — |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2023 | 23.2% | 0.70× | 16.2% | 1.41× | 22.9% | S100UUXL |
| 2024 | 22.7% | 1.01× | 22.9% | 1.50× | 34.2% | S100X6P1 |
| 2025 | 17.4% | 0.96× | 16.8% | 1.73× | 29.1% | S100X6P1 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 宮寺之裕 | Major shareholder | 41.3% | 2025-08-31 |
| 株式会社フィールド・パートナーズ | Major shareholder | 9.4% | 2025-08-31 |
| 合同会社ステルラ | Major shareholder | 3.1% | 2025-08-31 |
| 高野文宏 | Major shareholder | 2.3% | 2025-08-31 |
| エムエル・エステート株式会社 | Major shareholder | 2.1% | 2025-08-31 |
| 株式会社シーアールイー | Major shareholder | 2.1% | 2025-08-31 |
| 合同会社ティー・エム・ティー | Major shareholder | 1.8% | 2025-08-31 |
| 野村證券株式会社 | Major shareholder | 1.7% | 2025-08-31 |
| MSIP CLIENT SECURITIES(常任代理人 モルガン・スタンレーMUFG証券株式会社) | Major shareholder | 1.6% | 2025-08-31 |
| BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)（常任代理人 株式会社三菱ＵＦＪ銀行） | Major shareholder | 1.3% | 2025-08-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第7期(2024/09/01－2025/08/31) | S100X6P1 | 2025-11-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100X6P1,, |
| 有価証券報告書－第6期(2023/09/01－2024/08/31) | S100UUXL | 2024-11-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UUXL,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).