Eiji Nagahara

Eiji Nagahara started as a limited company with a capital of $20,000 in 2001 and later changed the company name to Lead Real Estate Co., Ltd. with a capital of $134,000 in 2003, aiming to become an independent real estate developer. At that time, it was possible to register properties with less capital, making it easier to engage in real estate transactions even with limited funds. Due to the Japanese government's financial easing policies starting in 2004, major city banks in Japan actively provided loans to small and medium-sized enterprises, and real estate collateral loans became more accessible. In our second year of operation after the change, we achieved over $13 million turnover and generated profits exceeding $672,000. We aspired to go public in the Japanese stock market, but the global financial crisis triggered by the Lehman Brothers bankruptcy in 2008 significantly impacted our business. Despite having a turnover of approximately $37 million, we had nearly $34 million in debt. It took us about five years to repay this debt. After that, on Sep.27th, 2023, we got our company successfully went public on the Nasdaq Global Market.