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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 2022 JPYUSD
Gross Profit205,312M1,827.06M
Operating income91,211M811.68M
Income before tax81,052M721.27M
Net income55,312M492.21M
Diluted EPS306.882.73
Dividends Per Share97.500.86
Total Assets2,040.50B16,811.58M
Total liabilities1,419.11B11,691.95M
Total equity619,690M5,105.58M
Operating cash flow57,870M514.98M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 623,762M 668,510M 676,495M 580,660M 645,049M
Gross Profit 182,054M 188,713M 193,723M 183,058M 205,312M
Operating income 69,327M 70,411M 81,906M 76,334M 91,211M
Income before tax 67,722M 65,407M 73,090M 62,820M 81,052M
Net income 46,030M 45,874M 48,887M 42,199M 55,312M
EBITDA 95,749M 98,638M 102,094M 96,752M 110,708M
Diluted EPS 239.52 244.54 265.87 231.72 306.88
Dividends Per Share 70 75 80 82.50 97.50
Total Assets 1,673.09B 1,759.45B 1,801.27B 1,921.30B 2,040.50B
Total liabilities 1,158.11B 1,217.89B 1,236.15B 1,334.96B 1,419.11B
Total equity 503,915M 529,095M 552,029M 584,734M 619,690M
Operating cash flow 28,542M 98,418M 69,534M -65,717M 57,870M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 5,627.97M 6,028.33M 6,222.02M 5,474.95M 5,740.26M
Gross Profit 1,642.60M 1,701.73M 1,781.75M 1,726.02M 1,827.06M
Operating income 625.51M 634.93M 753.32M 719.74M 811.68M
Income before tax 611.03M 589.81M 672.24M 592.32M 721.27M
Net income 415.31M 413.67M 449.63M 397.88M 492.21M
EBITDA 863.90M 889.47M 939.00M 912.26M 985.18M
Diluted EPS 2.16 2.20 2.44 2.18 2.73
Dividends Per Share 0.63 0.67 0.73 0.77 0.86
Total Assets 15,732.00M 15,896.05M 16,685.40M 17,387.38M 16,811.58M
Total liabilities 10,889.69M 11,003.26M 11,450.62M 12,081.08M 11,691.95M
Total equity 4,738.26M 4,780.18M 5,113.51M 5,291.71M 5,105.58M
Operating cash flow 257.52M 887.49M 639.53M -619.63M 514.98M

Valuation Measures

Mar 2022
Operating margin14.14%
Profit margin8.57%

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. (2.6%)
  • 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%)
  • APG Asset Management NV (1.0%)
  • Nikko Asset Management Co., Ltd. (1.0%)
  • Norges Bank Investment Management (0.9%)

Contact Details

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Last Updated on 30 Mar, 2023

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