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Nomura Real Estate Holdings, Inc.

Business Summary

Nomura Real Estate Holdings, Inc. engages in the real estate business. It operates through the following segments: Residential Development, Commercial Real Estate, Investment Management, Property Brokerage and Corporate Real Estate (CRE), Property and Facility Management, and Other. The Residential Development segment develops and sells condominiums and detached houses; and operates senior homes. The Commercial Real Estate segment develops, leases, and sells office buildings, commercial facilities, and logistics facilities. The Investment Management segment deals with private placement fund, asset management, and real estate securitized products. The Property Brokerage and CRE segment refers to brokerage and real estate consulting. The Property and Facility Management segment manages condominiums and office buildings as well as handles repair work and construction contracts. The Other segment sells and leases land and buildings. The company was founded on June 1, 2004 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit222,662M1,643.05M
Operating income99,598M734.94M
Income before tax88,088M650.01M
Net income64,521M476.10M
Diluted EPS364.342.68
Dividends Per Share1200.88
Total Assets2,110.69B15,859.14M
Total liabilities1,454.95B10,932.09M
Total equity653,965M4,913.70M
Operating cash flow-44,944M-331.64M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 668,510M 676,495M 580,660M 645,049M 654,735M
Gross Profit 188,713M 193,723M 183,058M 205,312M 222,662M
Operating income 70,411M 81,906M 76,334M 91,211M 99,598M
Income before tax 65,407M 73,090M 62,820M 81,052M 88,088M
Net income 45,874M 48,887M 42,199M 55,312M 64,521M
EBITDA 98,638M 102,094M 96,752M 110,708M 120,191M
Diluted EPS 244.54 265.87 231.72 306.88 364.34
Dividends Per Share 75 80 82.50 97.50 120
Total Assets 1,759.45B 1,801.27B 1,921.30B 2,040.50B 2,110.69B
Total liabilities 1,217.89B 1,236.15B 1,334.96B 1,419.11B 1,454.95B
Total equity 529,095M 552,029M 584,734M 619,690M 653,965M
Operating cash flow 98,418M 69,534M -65,717M 57,870M -44,944M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 6,028.33M 6,222.02M 5,474.95M 5,740.26M 4,831.37M
Gross Profit 1,701.73M 1,781.75M 1,726.02M 1,827.06M 1,643.05M
Operating income 634.93M 753.32M 719.74M 811.68M 734.94M
Income before tax 589.81M 672.24M 592.32M 721.27M 650.01M
Net income 413.67M 449.63M 397.88M 492.21M 476.10M
EBITDA 889.47M 939.00M 912.26M 985.18M 886.90M
Diluted EPS 2.20 2.44 2.18 2.73 2.68
Dividends Per Share 0.67 0.73 0.77 0.86 0.88
Total Assets 15,896.05M 16,685.40M 17,387.38M 16,811.58M 15,859.14M
Total liabilities 11,003.26M 11,450.62M 12,081.08M 11,691.95M 10,932.09M
Total equity 4,780.18M 5,113.51M 5,291.71M 5,105.58M 4,913.70M
Operating cash flow 887.49M 639.53M -619.63M 514.98M -331.64M

Valuation Measures

Mar 2023
Operating margin15.21%
Profit margin9.85%

Key executives

  • President, Group CEO & Representative Director: Eiji Kutsukake
  • Group CFO, Director & Head-Investor Relations: Makoto Haga
  • Head-Information & Communications Technology: Masato Yamauchi
  • Head-Secretariat, Internal Audit & Compliance: Yukio Ichihara
  • Representative Director & Executive Vice President: Daisaku Matsuo


  • Nomura Holdings, Inc. (35.4%)
  • Nomura Real Estate Holdings, Inc. (3.1%)
  • BlackRock Fund Advisors (2.3%)
  • Nomura Asset Management Co., Ltd. (2.3%)
  • The Vanguard Group, Inc. (2.0%)
  • Nomura Real Estate Holdings Board Benefit Plan (1.9%)
  • Nomura Real Estate Holdings Employee Stock Ownership Plan (1.6%)
  • Nikko Asset Management Co., Ltd. (1.0%)
  • Norges Bank Investment Management (0.9%)
  • Daiwa Asset Management Co. Ltd. (0.9%)

Contact Details

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Last Updated on 31 May, 2023

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