Nomura Real Estate Group at a Glance
To provide an easy-to-understand overview of the Nomura Real Estate Group, we will introduce our financial results, business, Business Plan, sustainability, and more.
Overview of the Nomura Real Estate Group
Fast Facts
757.6billion yen*
118.9billion yen*
125.1billion yen*
74.8billion yen*
Established In 1957,
Over60years since establishment
8,732
*As of the end of March 31, 2025, consolidated
2,686.5billion yen*
27.9%*
5.1%*
10.4%*
*FY2025/3
Dividend increases for a 14th consecutive year
(forecast for FY2026/3)
Dividend payout ratio is expected to be 41.2%
based on the forecasts for FY2026/3
We implemented a stock split with the aim of expanding our investor base and improving stock liquidity by lowering the amount per investment unit and creating an environment that makes it easier for more investors to invest.
Overview of Businesses
Our Group mainly operates in the Development Sector, in which it creates value through real estate development, and the Service & Management Sector, in which it creates value through the provision of real estate-related services, with a total of six business units supporting these two sectors.
Residential Development Business Unit
Main Businesses
Housing sales
- Development and sale of condominiums and detached housing
Rental housing
- Development, leasing and sale of rental housing
Hotel, senior housing and other
- Development, leasing, and management of hotels
- Development and management of senior housing
- Internet advertising
- Services aimed at providing assistance to customers concerning their homes arrangements
Commercial Real Estate Business Unit
Main Businesses
Property sales / Leasing
Office buildings
- Development, leasing and sales of office buildings
Retail facilities
- Development, leasing and sales of retail facilities
Logistics facilities
- Development, leasing and sales of logistics facilities
Others
- Satellite-type shared offices operations under the H¹T brand
- Fitness club operations
- Kids business operations (sports school, after-school program, bilingual kindergarten, etc.)
- Planning and management of construction work
Overseas Business Unit
Main Businesses
Housing sales
- Vietnam: Grand Park 2nd and 3rd period project (Ho Chi Minh City), Vu Yen (Hai Phong), Ecopark (Hanoi), etc.
- Thailand: Park Origin Thonglor and Park Origin Ratchathewi (both in Bangkok), etc.
- The Philippines: The Seasons Residences, the Observatory and Metro Park (all in Manila), etc.
Leasing
- Offices: Sun Wah Tower, Zen Plaza (all in Vietnam), Beijing Fortune Building (China), 127 Charing Cross Road (U.K.)
- Retail facilities: Manila BGC Sunshine Fort Retail Building (the Philippines)
- Service apartments: Staybridge Thonglor, Staybridge Sukhumvit 24 (Thailand)
- Mixed-use facilities: The Observatory and Metro Park, etc., (the Philippines), Press Block Project (U.S.)
Investment Management Business Unit
Main Businesses
REIT
Nomura Real Estate Master Fund, Inc.
- A comprehensive listed REIT, the largest of its kind in Japan
- Managing a portfolio consisting mainly of office buildings, retail facilities, logistics facilities, and rental housing, the total value of which exceeds ¥1 trillion
Nomura Real Estate Private REIT, Inc.
- Japan’s first comprehensive private REIT
- Managing a portfolio consisting mainly of office buildings, retail facilities, logistics facilities, and rental housing, with the total value of which exceeds ¥400.0 billion
Private funds
- Taking full advantage of our experience in various fund schemes and sectors to formulate and manage private real estate funds tailored to accommodate needs among institutional investors
- Nomura Real Asset Investment Co., Ltd., which was jointly established with Nomura Holdings, Inc. launched fund management business in April 2023.
Overseas
- We are building a global network by handling private placements of various overseas real estate funds managed by local asset management companies in the United States, Europe, etc. to meet investor needs for overseas real estate investment
Property Brokerage & CRE Business Unit
Main Businesses
Retail
- We operate 87 stores under the “Nomura no chukai + (PLUS)” and REALIA brands in the Tokyo metropolitan area, Kansai, and Chubu regions.
- We provide the best solutions, mainly to individual customers, through high-quality services closely attuned to local conditions.
Middle
- We precisely identify the real estate sales needs of small and midsize companies, business owners, individual investors, and others and provide solutions that exceed expectations.
- We provide support through a specialized team for real estate cases involving financial institutions, lawyers, tax accountants, judicial scriveners, etc., and offer consulting services to maximize the profits of our clients.
Wholesale
- We serve as a comprehensive help desk for Nomura Real Estate and Group companies and create new value for customers’ real estate.
- In cooperation with the Nomura Group's overseas offices, we provide inbound, outbound and cross-border support services.
Property ↦ Facility Management Business Unit
Main Businesses
Property ↦ facility management
- Condominium management business handling around 197,000 residences
- Building management business handling 803 office buildings and other properties
- Property management proposing and implementing optimal operation strategies for properties on behalf of the owners
- Public-private partnership (PPP) business mainly managing and operating public facilities
- Data center management business based on over 45 years of management experience
Construction ordered
- In our renewal construction business, we propose optimal construction and repair plans suited to each building by leveraging data collected from many different sources and our accumulated know-how.
- In our remodeling business, we remodel condominiums, remodel detached houses, and renovate properties.
Consolidated Results
Financial results (Millions of yen)
| FY2020 (Apr. ’20 - Mar. ’21) |
FY2021 (Apr. ’21 - Mar. ’22) |
FY2022 (Apr. ’22 - Mar. ’23) |
FY2023 (Apr. ’23 - Mar. ’24) |
FY2024 (Apr. ’24 - Mar. ’25) |
|
|---|---|---|---|---|---|
| Operating revenue | 580,660 | 645,049 | 654,735 | 734,715 | 757,638 |
| Operating profit | 76,333 | 91,210 | 99,598 | 112,114 | 118,958 |
| Business profit(*1,2) | 76,448 | 92,765 | 105,172 | 113,665 | 125,104 |
| Profit attributable to owners of parent | 42,198 | 55,312 | 64,520 | 68,164 | 74,835 |
(*1) Business profit = operating profit + share of profit (loss) of entities accounted for using equity method + amortization of intangible assets associated with corporate acquisitions + gain or loss on sale of equity interest in project companies in the Overseas Business Unit
(*2) “Gain or loss on sale of equity interest in project companies(SPCs, etc. which are mainly engaged in holding/development of real estate) in the Overseas Business Unit” will be added to the existing definition of business profit. The change to this definition will be applied from the fiscal year ended March 31, 2025
FY2025/3 Financial results by Business Unit
- Residential Development
- Commercial Real Estate
- Overseas(*3)
- Investment Management
- Property Brokerage & CRE
- Property & Facility Management
- Other
-
*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
-
*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.
Sustainability
Our Group recognizes climate change, natural resource depletion, and ecosystem destruction as important social issues. We are therefore contributing to the realization of a sustainable society through environmentally friendly buildings and urban development, including initiatives for an energy-efficient and low-carbon society.
We also continue to comply with environmental laws and regulations and promote appropriate environmental management, while stepping up our initiatives in collaboration with our stakeholders, including tenant companies and suppliers.
Mori wo Tsunagu TOKYO project
- In October 2022, we launched the Mori wo Tsunagu TOKYO project in a forest covering around 130 hectares in Okutama Town, Tokyo Prefecture.
- In Tokyo, we aim to create social impact and trigger new value creation through the promotion of symbiosis between nature and the city, thereby achieving corporate growth.
History of the Nomura Real Estate Group
History
Entered into the residential development business to solve the housing shortage during the postwar reconstruction period.
In 1957, the Company was established as an asset management company for Nomura Securities when the latter constructed its new head office building. In 1961, the Company entered the residential development business with the aim of tackling the housing shortage, which was a key social issue during the postwar reconstruction period. In 1963, the Company advanced into the condominium development business and firmly established its position as a major private real estate developer. While steadily expanding our office building business, in 1978, we developed Shinjuku Nomura Building, a skyscraper that still serves as our head office to this day.
Overcoming financial crisis by concentrating business resources on the residential business.
When the bubble burst, the economy and the real estate market conditions rapidly deteriorated.
The Group overcame the crisis by grasping the resurgence of residential needs in urban centers due to falling land prices and concentrated its business resources on the condominium business.
In 1999, the Company was an early adopter of IT, launching the real estate information website “nomu.com.” In 2002, we announced “PROUD,” an integrated brand of housing and related services under which we have continued to create products and services, leading to a strength for the Company.
Accelerating growth through M&A, and development of characteristic brands.
In October 2006, the Company was listed on the First Section of the Tokyo Stock Exchange (now the TSE Prime Market). We increased our financing capabilities from capital markets and significantly expanded the Leasing business through the M&A of NREG Toshiba Building (merged into Nomura Real Estate in April 2022). We also developed a string of characteristic asset brands, including PMO (with which we created a new market of medium-sized high-grade offices), and Landport (logistics facilities with advanced and high functionality, created through early-stage market entry and development based on investor needs).
Initiatives to build cities that connect today with tomorrow’s possibilities in Japan and overseas.
We are working on several projects through which we are demonstrating the Group’s expertise.
One is BLUE FRONT SHIBAURA (Shibaura Project), a large-scale, mixed-use development (South Tower: completion scheduled for February 2025; North Tower: completion scheduled for FY2031/3). Under this project, we will develop a total floor space of approximately 550,000 m2, the largest in the Group’s history.
Moreover, the overseas expansion of our expertise cultivated in Japan has accelerated, especially in the cities of rapidly growing ASEAN countries. Meanwhile, in OKUTAMA TOWN, Tokyo, we own approximately 130 ha of forest. With this forest as a basis, we have launched new initiatives aimed at realizing low-carbon buildings via the use of wood materials even as we strive to maintain and restore forest functions. Looking ahead, we will strive to build cities—dynamic stages that connect today with tomorrow’s possibilities—at home and abroad in a way that accurately meets people’s needs.
Our Vision
Long-term management policy : Financial indicators
Three-year plan (FY26/3–FY28/3) : Profit plan
- Following the financial indicators for an 8% level compound annual average growth rate set in the long-term management policy, we are targeting business profit of 160.0 billion yen in FY28/3.
- The company sets a target that exceeds the business profit target of 140.0 billion yen for FY28/3 set in the previous Mid- to Long-term Business Plan.
BLUE FRONT SHIBAURA（Shibaura Project）
Under the Project, the construction of two towers with a height of approximately 230 meters (Scheduled for completion: South Tower; February 2025, North Tower; FY2031/3) is planned as a rebuilding project of the Hamamatsucho Building (Toshiba Building). With a district area of approximately 4.7 ha and a gross floor area of approximately 550,000 ㎡, this nearly ten-year-long project is a large-scale, mixed-use development that includes offices, a hotel, retail facilities, and residences.
| Location | : | Minato-ku, Tokyo |
|---|---|---|
| District area | : | approx. 47,000㎡ |
| Gross floor area | : | approx. 550,000㎡ |
| Major uses | : | Office, retail, hotel, residence, parking lot, etc. |
| Number of floors | : | South Tower, 43F above ground, 3F below ground North Tower, 45F above ground, 3F below ground |
| Scheduled for completion | : | South Tower Feb. 2025, North Tower FY31/3 |
| Business entities | : | Nomura Real Estate Development, East Japan Railway Company |