Lead Real Estate Co., Ltd 6-K, filed Jun 22, 2026
Lead Real Estate Co., Ltd (LRE)
About this 6-K
Lead Real Estate Co., Ltd filed this 6-K on June 22, 2026.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2026
Commission File Number: 001-41814
Lead Real Estate Co., Ltd
16-11
Nampeidai-cho, 6F, Shibuya-ku
Tokyo, 150-0036, Japan
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On June 18, 2026, Lead Real Estate Co., Ltd, a joint-stock corporation with limited liability incorporated in Japan (the “Company”), released its interim report, including the related unaudited consolidated balance sheet and statement of comprehensive loss of the Company, for the six months ended December 31, 2025.
EXHIBIT INDEX
| Exhibit No |
Description | |
| 99.1 | Interim report of the Company for the six months ended December 31, 2025 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Lead Real Estate Co., Ltd | ||
| Date: June 18, 2026 | By: | /s/ Eiji Nagahara |
| Name: | Eiji Nagahara | |
| Title: | Representative Director, President, and Chief Executive Officer | |
Exhibit 99.1
LEAD REAL ESTATE CO., LTD
INDEX TO CONSOLIDATED BALANCE SHEETS AND STATEMENTS
OF COMPREHENSIVE LOSS
TABLE OF CONTENTS
| CONTENTS | PAGE(S) | |
| UNAUDITED CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF COMPREHENSIVE LOSS | ||
| CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2025 (UNAUDITED) AND JUNE 30, 2025 | F-2 | |
| UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024 | F-3 |
F-1
CONSOLIDATED BALANCE SHEETS
(Japanese yen in thousands, except share data)
| December 31,
2025 | June 30, 2025 | |||||||
| (Unaudited) | ||||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | ¥ | 1,028,478 | ¥ | 2, 656,860 | ||||
| Accounts receivable, net | 53,262 | 38,523 | ||||||
| Real estate inventory | 15,614,502 | 10,134,739 | ||||||
| Contract assets | 223,241 | 141,418 | ||||||
| Prepaid and other current assets | 622,893 | 381,581 | ||||||
| Total current assets | 17,542,376 | 13,353,121 | ||||||
| Property and equipment, net | 6,528,923 | 5,796,381 | ||||||
| Intangible asset, net | 25,439 | 35,396 | ||||||
| Investments in marketable securities | 60,714 | 25,303 | ||||||
| Right-of-use assets, operating lease, net | 755,336 | 820,786 | ||||||
| Investments | 123,377 | 122,101 | ||||||
| Other assets | 267,131 | 326,746 | ||||||
| Total assets | ¥ | 25,303,296 | ¥ | 20,479,834 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | ¥ | 1,589,024 | ¥ | 1,035,712 | ||||
| Current portion of notes payable | 11,750,370 | 7,599,606 | ||||||
| Contract liabilities | 621,576 | 337,483 | ||||||
| Current portion of operating lease liabilities | 207,317 | 201,313 | ||||||
| Accrued expenses and other current liabilities | 254,853 | 764,920 | ||||||
| Total current liabilities | 14,423,140 | 9,939,034 | ||||||
| Notes payable, net of current portion | 5,486,818 | 4,557,855 | ||||||
| Deferred tax liabilities, net | 135,103 | 89,638 | ||||||
| Operating lease liabilities, net of current portion | 549,347 | 621,962 | ||||||
| Other liabilities | 251,107 | 240,632 | ||||||
| Total liabilities | 20,845,515 | 15,449,121 | ||||||
| COMMITMENTS AND CONTINGENCIES SHAREHOLDERS’ EQUITY | ||||||||
| Ordinary shares, 50,000,000 shares authorized, 15,628,000 shares issued and 13,641,900 shares outstanding as of December 31, 2025 and June 30, 2025, with no stated par value | 1,207,055 | 1,207,055 | ||||||
| Retained earnings | 3,382,455 | 3,965,673 | ||||||
| Treasury stock, at cost, 1,986,100 shares as of December 31, 2025 and June 30, 2025 | (154,121 | ) | (154,121 | ) | ||||
| Non-controlling interest | (8,456 | ) | (8,456 | ) | ||||
| Accumulated translation gain | 30,848 | 20,562 | ||||||
| Total shareholders’ equity | 4,457,781 | 5,030,713 | ||||||
| Total liabilities and shareholders’ equity | ¥ | 25,303,296 | ¥ | 20,479,834 | ||||
F-2
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(Japanese yen in thousands, except share and per share data)
| Six Months Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Revenue: | ||||||||
| Real estate sales | ¥ | 3,632,226 | ¥ | 4,812,944 | ||||
| Other revenue | 359,794 | 218,905 | ||||||
| Total revenue | 3,992,020 | 5,031,849 | ||||||
| Expenses: | ||||||||
| Cost of sales - real estate | 3,251,366 | 4,309,767 | ||||||
| Cost of sales - other | 318,969 | 125,049 | ||||||
| Selling, general, and administrative | 876,858 | 1,191,386 | ||||||
| Total expenses | 4,447,193 | 5,626,202 | ||||||
| Operating loss | (455,173 | ) | (594,353 | ) | ||||
| Other income (expense): | ||||||||
| Interest expenses | (20,195 | ) | (23,301 | ) | ||||
| Other, net | 49,560 | (8,639 | ) | |||||
| Total other income (expense), net | 29,365 | (31,940 | ) | |||||
| Loss before income taxes | (425,808 | ) | (626,293 | ) | ||||
| Income tax expense (benefit) | 20,990 | (21,980 | ) | |||||
| Net loss | (446,798 | ) | (604,313 | ) | ||||
| Net loss attributable to the noncontrolling interests | - | - | ||||||
| Net loss attributable to ordinary shareholders | (446,798 | ) | (604,313 | ) | ||||
| Foreign currency translation gain (loss) | 10,286 | (276 | ) | |||||
| Total comprehensive loss | ¥ | (436,512 | ) | ¥ | (604,589 | ) | ||
| Loss per share: | ||||||||
| Basic | ¥ | (32.75 | ) | ¥ | (44.32 | ) | ||
| Diluted | ¥ | (32.75 | ) | ¥ | (44.32 | ) | ||
| Weighted average shares outstanding: | ||||||||
| Basic | 13,641,900 | 13,641,900 | ||||||
| Diluted | 13,641,900 | 13,641,900 | ||||||
F-3