At present, the business environment surrounding the Nomura Real Estate Group is clouded with uncertainty such as apprehensions about a slowing of economic growth worldwide triggered by the financial crisis in Europe and the protracted appreciation of the yen. We may expect momentous change over the coming years as well.

As we see it, the Great East Japan Earthquake that struck on March 11, 2011 has confronted people in Japan with the necessity of resolute innovation in corporate enterprises and the overall societal system. The disaster brought tremendous change in the life priorities of all the people it touched.For example, in the field of housing, people are becoming even more concerned about security and safety. They want robust housing where families can live with peace of mind about safety even in the event of catastrophes and homes fully equipped with disaster-preventing features.

The goods and value people seek are changing along with the times. New wants and needs are arising at the same time. With an outlook grounded in this perspective, our Group constantly asks itself what is of genuine use to, and needed by, people and society in our provision of highly innovative goods and services. In our efforts to this end, we are committed to making our original, rigorously customer-oriented business model even more solid. Meanwhile, as a real estate Group that is never bound by existing frameworks and always anticipating the trends of the times, we shall forge ahead in our business activities and strive to raise our corporate value to new heights.

We look forward to your continued, unwavering support and encouragement in these endeavors.

President
Kamezo Nakai