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
942.5billion yen*
138.2billion yen*
147.3billion yen*
82.8billion yen*
Established In 1957,
Over60years since establishment
9,043
*As of the end of March 31, 2026, consolidated
2,811.9billion yen*
28.5%*
5.4%*
10.7%*
*FY2026/3
Dividend increases for a 15th consecutive year
(forecast for FY2027/3)
Dividend payout ratio is expected to be 43.8%
based on the forecasts for FY2027/3
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 nine business units supporting these two sectors.
Residential Development segment
Main Businesses
Residential Development Business Unit
- Development and sale of condominiums and detached housing
- Internet advertising
- Providing customer assistance for home repairs and maintenance, etc.
Accommodations Development Business Unit
- Development, leasing and sale of rental housing
- Development, management, leasing and sale of co-living rental housing
- Development, management, leasing and sale of senior housing
- Development, management, leasing and sale of hotels, etc.
Commercial Real Estate segment
Main Businesses
Office & Retail Development Business Unit
- Development, leasing, sale, and entrusted management of office buildings, retail facilities etc.
- Planning and management of construction work, etc.
Shibaura Area Development Business Unit
- Development and leasing of BLUE FRONT SHIBAURA and the surrounding area
- Planning and management of construction work, etc.
Infrastructure & Industry Development Business Unit
- Development, leasing, sale, and entrusted management of logistics facilities, data centers, etc.
- Planning and management of construction work, etc.
Overseas segment
Main Businesses
Overseas Business Unit
- Development and sale of housing, mainly in Southeast Asia
- Development and leasing of office buildings, etc., primarily in the U.K., and the U.S.
Investment Management segment
Main Businesses
Investment Management Business Unit
- Investment management services, including listed and private real estate investment trusts (REITs) and private funds
- Investment management services, including real estate securitization products, etc.
Property Brokerage & CRE segment
Main Businesses
Property Brokerage & CRE Business Unit
- Real estate brokerage and consulting for individuals and companies
- Real estate information website operation
- Insurance and banking agency, etc.
Property & Facility Management segment
Main Businesses
Property & Facility Management Business Unit
- Administration, management, contracted construction of condominiums, office buildings, logistics facilities, data centers, etc., renovation, district heating and cooling, etc.
Consolidated Results
Financial results (Millions of yen)
| FY2022/3 (Apr. ’21 - Mar. ’22) |
FY2023/3 (Apr. ’22 - Mar. ’23) |
FY2024/3 (Apr. ’23 - Mar. ’24) |
FY2025/3 (Apr. ’24 - Mar. ’25) |
FY2026/3 (Apr. ’25 - Mar. ’26) |
|
|---|---|---|---|---|---|
| Operating revenue | 645,049 | 654,735 | 734,715 | 757,638 | 942,505 |
| Operating profit | 91,210 | 99,598 | 112,114 | 118,958 | 138,242 |
| Business profit* | 92,765 | 105,172 | 113,665 | 125,104 | 147,384 |
| Profit attributable to owners of parent | 55,312 | 64,520 | 68,164 | 74,835 | 82,880 |
-
*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 segment
-
*“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 segment” was added to the existing definition of business profit. The change to this definition will be applied from the fiscal year ended March 31, 2025
FY2026/3 Financial results by segment
- Residential Development
- Commercial Real Estate
- Overseas(*3)
- Investment Management
- Property Brokerage & CRE
- Property & Facility Management
- Other
-
*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 segment
“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 segment” was added to the existing definition of business profit. The change to this definition will be applied from the fiscal year ended March 31, 2025 -
*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 segment information is not included.
The composition ratio of consolidated operating revenue and business profit by each segment 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 in 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
Overview of the three-year plan
- Over the next three years (FY26/3–FY28/3), we will focus on the following strategies to expand our business volume and achieve sustainable growth.
- We will manage our balance sheet appropriately to achieve both high asset and capital efficiency and high profit growth.
BLUE FRONT SHIBAURA
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 |