Koryojyuhan

What Koryojyuhan does

Koryojyuhan (香陵住販株式会社) is a comprehensive real estate services company founded in 1981 and headquartered in Mito City, Ibaraki Prefecture, Japan. The company operates four core business segments — rental brokerage, real estate sales and trading, rental property management, and income-producing real estate — serving individual renters, property owners, real estate investors, and corporate relocation clients. Its distribution is anchored by the largest physical real estate branch network in Ibaraki Prefecture: 20 locations including 18 in Ibaraki, 1 in Tokyo (Ueno), and 1 in Chiba (Kashiwanoha), supplemented by a dedicated digital net branch and syndicated listings on Japan's leading property portals SUUMO, HOME'S, and at home. Listed on the Tokyo Stock Exchange Standard Market under ticker 3495, Koryojyuhan is the only TSE-listed real estate company headquartered in Ibaraki.

The company's technology stack centers on three proprietary systems: the REGANAM/FutureVision property management platform (deployed since 1998, upgraded to FutureVision in 2012) that handles rental listings, tenant management, rent collection, and maintenance coordination across all branches; the minicle rental and sales CRM systems enabling lead, viewing, and transaction coordination; and the KORYO Funding real estate crowdfunding platform (launched January 2022 under a real estate specified joint business permit), which enables individual investments starting from ¥100,000 per unit. Supplementary digital tools include 360-degree virtual property tours and IT-based contract explanation (IT重説) enabling fully remote lease execution, plus the KORYO OWNER'S CLUB owner portal for transfer statements and cleaning reports.

Revenue combines transaction-based fees from rental brokerage (6,944 annual transactions, ranked #1 in Ibaraki and #30 nationally) and property sales with stable recurring management fees from 24,481 managed rental units. Proprietary self-developed investment properties under the Rega Bene and For Life series are sold to investors and then feed into the managed portfolio, creating a vertical loop. Group consolidated revenue reached ¥11.5 billion in FY2025 (up from ¥7.0 billion in FY2021) with operating profit of ¥1.07 billion; the company is targeting operating profit of ¥13.0 billion-plus under its KORYO2027 plan. B2B2C reach is extended through corporate housing referral partnerships with Rerlocation Japan, Nihon Shataku Service, Tokyu Shataku Management, Starts Corporate Service, and other relocation firms, ranking #1 in satisfaction within the Kanto block.

Name

Koryojyuhan

Legal name

香陵住販株式会社

Website

https://koryo-j.co.jp

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

101–250 employees

Short description

Koryojyuhan is a vertically integrated real estate services firm headquartered in Ibaraki Prefecture, Japan, operating 20 branches and serving individual renters, property owners, investors, and corporate relocation clients through brokerage, property management, development, and crowdfunding.

Ownership category

akta.pro rank

Product category

Residential Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (5312), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

akta.pro secondary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

Keywords

• Residential rental brokerage
• Property management services
• Real estate brokerage and sales
• Income property development
• Real estate crowdfunding platform

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices25 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property Management (賃貸管理): Recurring management fees from a portfolio of over 24,000 managed rental units. Includes rental collection, tenant management, maintenance coordination, and lease renewal services. This is described as the company's stable 'stock' revenue base, resistant to economic cycles.
2. Property Sales and Development (不動産売買・自社開発): Brokerage commissions on property buy/sell transactions, plus proprietary developed income-producing real estate (収益不動産) sold to investors, including the 'レーガベーネ' (Rega Bene) series of investment apartments. Self-developed properties then generate ongoing management revenue.
3. Rental Brokerage (賃貸仲介): Brokerage commissions on residential and commercial rental transactions. With ~6,944 rental transactions annually (ranked #1 in Ibaraki), this is a high-volume transaction stream.
4. KORYO Funding (、投資型クラウドファンディング): Real estate crowdfunding platform generating fees from project formation and investor participation. Target of 9,000 total applicants and 23 funds by 2027. Already at 4,085 applicants across 14 funds as of 2025.
5. Parking and Renewable Energy (コインパーク・太陽光): Coin parking lot operations and solar power generation (KORYO eco power) as supplementary revenue streams, utilizing unused spaces on managed properties.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Koryojyuhan is a comprehensive real estate services company operating four business segments: rental brokerage, real estate sales (including self-developed income-producing properties like the Rega Bene series), rental property management with a portfolio of 24,000+ units, and income-producing real estate operations (coin parking, solar power, real estate funds). The KORYO Funding platform enables individual investors to participate in real estate projects starting from ¥100,000 per unit.

Product overview

Koryojyuhan (香陵住販株式会社) is a comprehensive real estate company operating four main business segments: rental brokerage (賃貸仲介事業), real estate sales (不動産売買事業), rental property management (賃貸管理事業), and income-generating real estate (収益不動産事業). The company operates primarily in Ibaraki Prefecture with 20 stores and provides additional services including KORYO Funding (crowdfunding platform), online property viewing tools, owner portal (KORYO OWNER'S CLUB), internet services (KORYO BB), coin parking (ONE'S PARK), solar power systems (KORYO eco power), and leaseback services (KORYOリースバック).

Differentiator

Problem solved

Functional benefit

Brands

• KORYO Funding: Real estate investment crowdfunding platform operated by the company allowing investments starting from 100,000 yen per unit.
• KORYO Funding (香陵住販 不動産ファンド課)
• ONE'S PARK (ワンスパーク)
• KORYO eco power (KORYOエコパワー)
• For Life (フォーライフ)
• レーガベーネ (Rega Bene)
• KORYOBB
• KORYO OWNER'S CLUB

Products and services

• Rental Brokerage Business (賃貸仲介事業) Rental property brokerage services for apartments, condominiums, land, and commercial properties, serving tenants and landlords. Includes traditional property search, online viewing, IT-based contract explanation (IT重説), and 360-degree virtual tours. Ranked #1 in Ibaraki and #30 nationally for rental brokerage transactions.
• Real Estate Sales Business (不動産売買事業) Real estate sales and trading services including brokerage, direct purchase/sales, residential land subdivision (宅地分譲), and developer-sold income-generating properties (Rega Bene and For Life series). Serves self-use buyers, investors, and developers seeking to purchase residential property, land, and investment real estate.
• Rental Property Management Business (賃貸管理事業) Comprehensive rental property management services for landlords and property owners, including tenant management, renovation proposals, vacant property management, and sublease services. Manages over 24,481 rental units with recurring management fees. Includes the KORYO OWNER'S CLUB owner portal for accessing transfer details and cleaning reports.
• Income-Producing Real Estate Business (収益不動産事業) Income-generating real estate business including consulting, self-developed investment properties (For Life and Rega Bene series), coin parking operations (ONE'S PARK), solar power generation (KORYO eco power), and real estate fund operations (KORYO Funding). Serves investors and landowners seeking professional real estate investment consulting and ancillary revenue streams.
• KORYO Funding (不動産特定共同事業) Real estate investment crowdfunding platform enabling individual investors to participate in real estate development projects starting from ¥100,000 per unit. Operated under real estate specified joint business permit. Already has 4,085 applicants across 14 funds (as of 2025) with a target of 9,000 applicants and 23 funds by 2027.
• KORYO Leaseback (KORYOリースバック) Leaseback service that purchases a customer's property and simultaneously rents it back to them as a tenant, with no restrictions on the duration of continued residence. Designed for homeowners seeking liquidity while retaining occupancy.
• ONE'S PARK (コインパーキング) Coin parking lot (コインパーキング) business operated by the company as a supplementary revenue stream, utilizing unused spaces on managed or owned properties.
• KORYO eco power (太陽光発電) Solar power generation (KORYO eco power) business for renewable energy supply, utilizing unused rooftop or land assets. Sold under the company's renewable energy initiatives as part of the income real estate segment.

Quantifiable outcome

• 24,481 managed rental units generating recurring management fee revenue
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core.

• リロケーションサーリパン (Rerlocation Japan)coreChannel Partner/ Reseller/ DistributorCorporate housing service partnership enabling Koryojyuhan to serve relocating corporate employees through Rerlocation Japan's employer network. Corporate housing placement is a key B2B2C channel.
• 日本社宅サービス (Nihon Shataku Service)coreChannel Partner/ Reseller/ DistributorCorporate housing service partnership. 日本社宅サービス connects corporate clients with Koryojyuhan's property listings for employee relocation housing.
• タイセイ・ハウジー (Taisei Housing)coreChannel Partner/ Reseller/ DistributorCorporate housing service partnership for employee relocation housing referrals.
• 長谷工ビジネスプロクシー (Haseko Business Proxy)coreChannel Partner/ Reseller/ DistributorCorporate housing service partnership for employee relocation housing referrals.
• 日立リアルエステートパートナーズ (Hitachi Real Estate Partners)coreChannel Partner/ Reseller/ DistributorCorporate housing service partnership for employee relocation housing referrals, with regional focus on Hitachi area.
• 東急社宅マネジメント (Tokyu Shataku Management)coreChannel Partner/ Reseller/ DistributorCorporate housing service partnership for employee relocation housing referrals.
• スターツコーポレートサービス (Starts Corporate Service)coreChannel Partner/ Reseller/ DistributorCorporate housing service partnership for employee relocation housing referrals.
• SUUMO, HOME'S, at home (不動産ポータル)coreChannel Partner/ Reseller/ DistributorReal estate listing partnerships with Japan's largest property portal platforms. Listings syndicated to SUUMO, HOME'S, and at home for maximum online visibility and lead generation.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Others

• LIFULL: Operator of HOME'S, one of Japan's largest real estate listing portals. Comparable to Koryojyuhan as a portal partner and distribution channel for property listings, though LIFULL is purely a portal/advertising business rather than a brokerage or manager.
• Rerlocation Japan: Corporate housing referral service partner of Koryojyuhan. Comparable as a channel/reseller partner that connects corporate clients with rental property inventory, though not a direct competitor.

Broad incumbents

• Haseko Corporation: Japan's largest condominium construction and real estate services firm. Overlaps with Koryojyuhan through construction operations and corporate housing referrals (Haseko Business Proxy partnership), but operates at vastly larger national scale across multiple real estate verticals.
• Daiwa House Industry: Largest Japanese homebuilder and real estate developer with extensive rental management, brokerage, and development operations. Provides a benchmark for the upper end of scale and vertically integrated real estate services, though primarily serving national rather than regional markets.
• Recruit Holdings (SUUMO): Operator of SUUMO, Japan's largest real estate portal where Koryojyuhan lists properties. Functions as both a distribution partner and indirect competitive force by enabling national-scale brokerage reach that could erode regional moats over time.

Direct peers

• Leopalace21: Japan's largest dedicated rental property management and brokerage firm with nationwide branch network. Direct comparable to Koryojyuhan's combined rental brokerage and management business model, though operating at materially larger scale nationally.
• Tokyu Housing Lease: Rental property management and brokerage subsidiary of Tokyu Fudosan. Comparable to Koryojyuhan's rental management and brokerage operations, with similar B2B corporate housing placement services via Tokyu Shataku Management.
• Starts Corporation: Major Japanese real estate services conglomerate with brokerage, property management, and corporate housing businesses. Direct peer through its corporate housing referral partnership role with Koryojyuhan and similar vertically integrated service model.

Emerging players

• GA Technologies: TSE-listed proptech firm combining real estate brokerage (RENOSY) with investment/crowdfunding offerings. Overlaps with Koryojyuhan in both brokerage and the KORYO Funding crowdfunding model, but with a digital-first approach rather than physical branches.

Regional players

• Hitachi Real Estate Partners: Regional corporate housing service partner operating in the Hitachi area where Koryojyuhan has multiple branches. Overlaps in serving the same regional customer base for employee relocation housing referrals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/koryo_ibadai

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Koryojyuhan