What Frontier Group does

Frontier Group, Inc. (株式会社フロンティアグループ) is a Tokyo-headquartered Japanese diversified real estate and investment company founded in August 2008 by current representative director Yoshinori Kaneko. The company operates four business segments: a real estate business spanning property acquisition, renovation/value-add, and rental management of an owned portfolio across Tokyo, Osaka, and regional cities; a real estate crowdfunding platform called "Rakutama" (らくたま), launched in February 2024 under a Specified Joint Real Estate Project permit, which allows individual investors to participate from 10,000 JPY per fund unit; an M&A advisory and proprietary investment business that has taken controlling stakes in Toho Remak (TSE Standard 7422, footwear) and Sakaimall; and a renewable energy segment operating 5 solar power generation sites nationwide.

The company's technology stack centers on a proprietary real estate crowdfunding platform (rakutama.jp) that handles investor onboarding, fund issuance, and distributions, supported by a rental management system and the Pitto House franchise rental agency network. The Rakutama platform was formalized in August 2025 with the announcement of an "Investor Protect Rules" framework.

Frontier Group's revenue model blends transactional and recurring streams: real estate buy-sell (transaction fees), rental income from owned properties (recurring), crowdfunding management fees (transaction/management), M&A advisory fees and equity investment returns (transaction), solar power generation (recurring), and property management services including Pitto House franchise fees (recurring). GTM is primarily direct sales-led for real estate and M&A, complemented by a self-serve product-led motion on Rakutama. Customers are predominantly Japanese individual real estate investors, with secondary segments of Japanese business owners seeking M&A and succession advisory, and property sellers/landowners. The company reported FY2025 consolidated sales of 7.1 billion JPY and holds total assets exceeding 160 billion JPY as of H1 FY2026.

Name

Frontier Group

Legal name

株式会社フロンティアグループ

Website

https://frogro.co.jp

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Frontier Group is a Tokyo-based diversified Japanese real estate and investment company operating real estate buy-sell, rental management, the Rakutama crowdfunding platform, M&A advisory, and solar power generation, serving individual investors, Japanese business owners, and property owners across Japan.

Ownership category

akta.pro rank

Product category

Real Estate Services

NAICS

Other Financial Investment Activities (5239), Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799), Investment Advice (6282)

akta.pro primary industry

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

akta.pro secondary industry

Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)

Keywords

• Real estate services
• Real estate crowdfunding
• M&A advisory
• Property management
• Solar power generation

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Sales (二手房売買): Buy-and-sell of income-producing real estate properties and residential units in the Tokyo metropolitan area and regional cities.
2. Real Estate Rental Income: Long-term leasing of owned properties including office buildings, residential buildings, and commercial spaces. Properties owned include multiple buildings across Tokyo and Osaka.
3. Real Estate Crowdfunding (らくたま): Crowdfunding platform revenue from fund management and investor participation fees. Monthly fund issuance with investor-first approach and investor protection rules.
4. M&A Advisory and Investment: M&A advisory fees and proprietary investment returns from direct investment in target companies and assets, including acquisition of listed company shares (Toho Remak, Sakai Mall).
5. Renewable Energy (Solar Power Generation): Revenue from solar power generation assets at 5 locations nationwide.
6. Property Management Services: Building management and rental management services, including Pitto House franchise operations for rental brokerage.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Frontier Group is a Tokyo-based diversified real estate and investment company that buys, renovates, manages, and sells income-producing properties in Japan. It operates the Rakutama real estate crowdfunding platform enabling individual investments from 10,000 JPY, provides M&A advisory and proprietary investment services, and runs a solar power generation business at five sites nationwide. The company also operates property management and a rental agency franchise (Pitto House).

Product overview

Frontier Group operates as a diversified real estate and investment company with four core business segments: (1) Real Estate Business (不動産事業) - property acquisition, renovation, and rental management; (2) Real Estate Crowdfunding (不動産クラウドファンディング) via the 'らいたま' platform enabling investments from 10,000 yen; (3) M&A Advisory (M&A/投資育成) providing merger, acquisition, and investment services; and (4) Renewable Energy (再生エネルギー事業) with solar power generation at 5 locations nationwide. The company also operates a real estate sales franchise (Pitasshouse末広町店). The portfolio spans residential, commercial, and industrial properties primarily in the Tokyo metropolitan area and expanding to Osaka.

Differentiator

Problem solved

Functional benefit

Brands

• らくたま: 1万円から始められる不動産クラウドファンディング。スマホやパソコンで簡単に投資ができ、不動産のプロが厳選した物件に投資するだけでOK。銀行預金より高いリターンを期待でき、リスクを抑えた安心の運用が可能。配当金を受け取るだけで、手軽に資産運用が開始できるサービス。

Products and services

• Rakutama (らくたま) Real Estate Crowdfunding A proprietary online platform that allows individual investors to participate in professionally curated real estate funds starting from 10,000 JPY per unit, with distributions paid to investors and returns expected to exceed bank deposit rates.
• Real Estate Business (不動産事業)

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered minor.

• Toho Remak Co., Ltd. (東邦レマック株式会社)minorOthersFrontier Group acquired shares in Toho Remak (東証スタンダード 7422, footwear manufacturing and wholesale) and became its largest shareholder. This represents a proprietary investment rather than a commercial partnership.
• Sakai Mall Co., Ltd. (株式会社サカイモール)minorOthersSubsidiary holding shopping mall assets. Frontier Group acquired shares in February 2026 for the Company's real estate rental business expansion.
• Ookini Frontier Co., Ltd. (株式会社おおきにフロンティア)minorOthersSubsidiary focused on real estate ownership and rental business.
• Pitto House Franchise (ピタットハウスFC)minorChannel Partner/ Reseller/ DistributorPitto House rental agency franchise network. Frontier Group opened its first Pitto House store in Suehirocho in July 2019 under an FC (franchise) agreement.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Tokyo Tatemono: Tokyo Tatemono is a Japanese real estate developer focused on Tokyo central business district office and residential properties. Comparable in Tokyo-centric owned-property investment, though much larger and more institutionally structured than Frontier Group.
• Mitsubishi Estate: Mitsubishi Estate is one of Japan's largest real estate developers and investors, with significant Tokyo office and commercial portfolios. Comparable in owning and operating large-scale Tokyo real estate, though vastly larger and more institutional in scope.
• Samty: Samty is a Japanese real estate company operating residential development, hotel operations, and real estate investment across regional Japan. Comparable in operating income-producing rental property portfolios, though focused more on development than crowdfunding distribution.
• Kenedix: Kenedix is a Japanese real estate asset manager listed on TSE, operating J-REITs, private funds, and the CRE Funding platform. Comparable as a broader real estate investment and asset management platform, though Kenedix is institutional-scale and includes REIT operations Frontier Group does not pursue.
• Mitsui Fudosan: Mitsui Fudosan is one of Japan's largest diversified real estate companies, operating office, residential, retail, and hospitality assets. Comparable in Tokyo-centric owned-property investment, but Mitsui is orders of magnitude larger and more diversified across real estate sectors.

Emerging players

• CRE Inc. CRE is a Japanese consulting and real estate firm offering brokerage, asset management, and consulting services. Comparable as a Japanese mid-market real estate operator and advisor, though smaller and more focused on consulting than Frontier's combined brokerage-crowdfunding model.

Direct peers

• OwnersBook (LOADS): OwnersBook, operated by LOADS Inc., is a Japanese real estate crowdfunding platform focused on middle-risk, middle-return properties for individual investors. Directly comparable in product offering, target customer (retail Japanese investors), and minimum-ticket pricing.
• CRE Funding (Kenedix): CRE Funding is one of Japan's largest real estate crowdfunding platforms, operated by Kenedix (a major J-REIT and real estate asset manager). Direct peer in offering curated property funds to individual investors via an online platform with similar regulatory licensing.
• Rimple (Livesense): Rimple, operated by Livesense Inc., is one of Japan's leading real estate crowdfunding platforms. Comparable in business model (curated property funds, low minimum tickets, monthly issuance) and target investor base, with Rimple typically larger in fund volume.
• GA Technologies (RENOSY): GA Technologies operates RENOSY, a major Japanese real estate investment and crowdfunding platform. It is the most directly comparable peer — both run property acquisition, management, and retail-investor crowdfunding with a tech-enabled platform; RENOSY is significantly larger and more tech-forward.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

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 Frontier Group