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Composition Ratio of FY2023 Results by Unit

on a consolidated basis

  • Residential Development
  • Commercial Real Estate
  • Overseas(*3)
  • Investment Management
  • Property Brokerage & CRE
  • Property & Facility Management
  • Other

Notes: Total figures for the consolidated operating revenue and business profit of each business are different from the total amount shown in the center of each pie chart because the monetary amount for "Adjustments" in the unit information is not included.
The composition ratio of consolidated operating revenue and business profit by each unit are calculated based on a simple total amount.

Changes in Revenue and Profit

Values of less than one million yen rounded off. (million yen)

Operating Revenue FY2019*1,*2
(Apr. '19 -
Mar. '20)
FY2020
(Apr. '20 -
Mar. '21)
FY2021*3
(Apr. '21 -
Mar. '22)
FY2022
(Apr. '22 -
Mar. '23)
FY2023*4
(Apr. '23 -
Mar. '24)
Residential Development 333,966272,577309,225302,480359,180
Commercial Real Estate 212,133179,227202,460199,309216,384
Overseas(*3) --2,6286,7704,616
Investment Management 12,05912,45612,80413,63214,356
Property Brokerage & CRE 39,11039,43643,76247,70049,588
Property & Facility Management 98,27498,38499,230105,474108,190
Other 1,1432,070126282280
Adjustments (20,193)(23,492)(25,188)(20,913)(17,882)
Total 676,495580,660645,049654,735734,715
Operating Profit FY2019*1,*2
(Apr. '19 -
Mar. '20)
FY2020
(Apr. '20 -
Mar. '21)
FY2021*3
(Apr. '21 -
Mar. '22)
FY2022
(Apr. '22 -
Mar. '23)
FY2023*4
(Apr. '23 -
Mar. '24)
Residential Development 25,35122,42132,51933,32341,459
Commercial Real Estate 38,94135,13838,28639,23149,013
Overseas --(512)2,414(1,248)
Investment Management 6,8537,2967,5157,7968,303
Property Brokerage & CRE 9,0978,96211,71313,78513,444
Property & Facility Management 8,4749,0899,1149,81610,050
Other (1,267)(798)(199)147161
Adjustments (5,545)(5,776)(7,227)(6,917)(9,070)
Total 81,90576,33391,21099,598112,114
Business Profit FY2019*1,*2
(Apr. '19 -
Mar. '20)
FY2020
(Apr. '20 -
Mar. '21)
FY2021*3
(Apr. '21 -
Mar. '22)
FY2022
(Apr. '22 -
Mar. '23)
FY2023*4
(Apr. '23 -
Mar. '24)
Residential Development 25,33922,40432,55033,33341,541
Commercial Real Estate 39,24735,46938,59039,52949,283
Overseas(*3) --2917,288(357)
Investment Management 7,1497,5877,8368,0898,571
Property Brokerage & CRE 9,0888,97611,71613,82213,447
Property & Facility Management 8,5669,2819,2059,87810,088
Other (1,012)(1,495)(199)147161
Adjustments (5,545)(5,776)(7,227)(6,917)(9,070)
Total 82,83376,44892,765105,172113,665

(*1) From the fiscal year ended March 31, 2021, the overseas condominium development and sales business, which had been classified under the Residential Development Business Unit in Nomura Real Estate Development Co., Ltd. and the overseas office and other properties development and leasing business, and ZEN PLAZA CO., LTD., which had been classified under the Commercial Real Estate Business Unit, have been reclassified under the Other. Due to this change, the results for the fiscal year ended March 31, 2020 are classified under the new classification.
(*2) As of April 1, 2020, NREG TOSHIBA BUILDING FACILITIES Co., Ltd., which had been classified under the Commercial Real Estate Business Unit, has been merged with Nomura Real Estate Partners Co., Ltd. which has been classified under the Property & Facility Management Business Unit. The merger has been carried out with NREG TOSHIBA BUILDING FACILITIES Co., Ltd. being the absorbed company and Nomura Real Estate Partners Co., Ltd. being the surviving company. In line with this change, the results for the fiscal year ended March 31, 2020 are based on the changed classification under the new classification of business unit after the merger.
(*3) From the fiscal year ending March 31, 2023, the overseas condominium development and sales business, the overseas office and other properties development and leasing business, and ZEN PLAZA CO., LTD., which had been classified under the Other, have been reclassified under the Overseas Business Unit. Due to this change, the results for the fiscal year ended March 31, 2022 are classified under the new classification.
(*4) From the fiscal year ending March 31, 2025, the classification of hotel business has been changed from Commercial Real Estate Business Unit to Residential Development Business Unit.
Due to this change, the results for the fiscal year ended March 31, 2022 are classified under the new classification.
(*5) Business profit = Operating profit + Share of profit and loss of entities accounted for using equity method + Amortization expneses of intangible assets associated with corporate acquisition