3231
Nomura Real Estate Holdings, Inc.
野村不動産ホールディングス株式会社
Real Estate · Real Estate Services
Nomura Real Estate Holdings, Inc. operates as a real estate company in Japan and internationally. The company develops, leases, and manages office buildings, commercial facilities, logistics facilities, hotels, and other properties; develops and sells condominiums and houses; operates housing with services for the elderly; develops rental properties; provides Internet advertising services for housing and living assistance services; and offers consignment services for planning and management for commercial facilities. It also provides asset management services for real estate securitization, including REITs and private placement funds; and real estate brokerage and consulting, insurance agency, and real estate information website management services. In addition, the company engages in the management of properties, such as condominiums and educational facilities; provision of renovation and repair work for tenants; remodeling of condominiums and housing; and provision of cleaning services for condominiums and office buildings. Further, it participates in, promotes, and supports urban development projects and reconstruction of housing complexes; and manages fitness clubs. Nomura Real Estate Holdings, Inc. was founded in 1957 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥757.6B
¥734.7B
¥654.7B
¥645.0B
SG&A
¥147.6B
¥132.3B
¥123.1B
¥114.1B
Operating Income
¥119.0B
¥112.1B
¥99.6B
¥91.2B
Non-Operating Income
¥5.9B
¥1.9B
¥6.0B
¥1.8B
Dividend Income
¥137M
¥78M
¥54M
¥97M
Interest Income
¥195M
¥136M
¥111M
¥70M
Non-Operating Expenses
¥18.1B
¥15.8B
¥11.5B
¥10.5B
Interest Expense
¥15.9B
¥14.1B
¥10.2B
¥8.8B
Ordinary Income
¥106.7B
¥98.2B
¥94.1B
¥82.6B
Pre-tax Income
¥104.3B
¥96.7B
¥88.1B
¥81.1B
Income Taxes
¥29.3B
¥28.5B
¥23.4B
¥25.7B
Current Tax
¥33.7B
¥31.3B
¥27.7B
¥32.3B
Deferred Tax
¥-4.3B
¥-2.8B
¥-4.3B
¥-6.6B
Net Income (owners)
¥74.8B
¥68.2B
¥64.5B
¥55.3B
Minority Interest
¥116M
¥19M
¥180M
¥68M
Comprehensive Income
¥90.9B
¥66.5B
¥67.3B
¥58.8B
EBITDA
¥141.0B
¥132.9B
¥120.6B
¥110.7B
Goodwill Amort. (J-GAAP)
¥1.1B
¥370M
¥431M
¥408M
EPS
¥86.77
¥392.29
¥365.26
¥307.81
Shares Outstanding
174.5M
175.7M
177.5M
180.4M
Shares Issued (total)
183.5M
183.3M
182.9M
182.6M
Treasury Shares
8.9M
7.6M
5.5M
2.2M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥2,686.6B
¥2,251.5B
¥2,110.7B
¥2,040.5B
Current Assets
¥1,484.6B
¥1,256.8B
¥1,182.3B
¥1,126.8B
Cash & Deposits
¥37.3B
¥54.9B
¥29.1B
¥69.0B
Trade Receivables
¥32.4B
¥27.5B
¥40.9B
¥22.0B
Non-Current Assets
¥1,202.0B
¥994.7B
¥928.4B
¥913.7B
PP&E
¥890.2B
¥740.3B
¥706.5B
¥726.4B
Goodwill
¥18.3B
¥2.2B
¥3.7B
¥4.0B
Intangible Assets
¥36.3B
¥17.3B
¥20.4B
¥19.9B
Investment Securities
¥189.9B
¥178.9B
¥142.0B
¥101.2B
Deferred Tax Assets
¥21.7B
¥19.4B
¥18.8B
¥27.3B
Total Liabilities
¥1,935.1B
¥1,559.0B
¥1,455.0B
¥1,419.1B
Current Liabilities
¥600.6B
¥331.1B
¥327.8B
¥358.0B
Accounts Payable
¥94.4B
¥78.7B
¥65.8B
¥81.0B
ST Debt
¥211.8B
¥97.7B
¥117.9B
¥108.5B
Taxes Payable
¥19.7B
¥17.5B
¥13.3B
¥22.3B
Non-Current Liabilities
¥1,334.5B
¥1,228.0B
¥1,127.1B
¥1,061.1B
Total LT Borrowings
¥1,193.5B
¥1,085.0B
¥983.7B
¥904.2B
Pension Obligations
¥5.8B
¥12.8B
¥15.1B
¥16.6B
Deferred Tax Liab.
¥43.5B
¥42.2B
¥45.8B
¥58.2B
Total Equity
¥751.4B
¥692.4B
¥655.7B
¥621.4B
Capital Stock
¥119.7B
¥119.5B
¥119.1B
¥118.6B
Capital Surplus
¥115.7B
¥115.7B
¥115.4B
¥115.0B
Retained Earnings
¥519.3B
¥472.2B
¥427.1B
¥382.4B
Treasury Stock
¥-36.2B
¥-31.9B
¥-25.5B
¥-11.9B
AOCI
¥31.5B
¥15.5B
¥17.2B
¥14.6B
Equity (owners)
¥718.5B
¥675.4B
¥636.1B
¥604.1B
Minority Interests
¥1.3B
¥1.2B
¥1.8B
¥1.7B
Total Interest-Bearing Debt ⓘ
¥1,405.3B
¥1,182.7B
¥1,101.5B
¥1,012.7B
Net Cash ⓘ
¥-1,368.0B
¥-1,127.8B
¥-1,072.5B
¥-943.7B
NCAV ⓘ
¥-450.6B
¥-302.2B
¥-272.6B
¥-292.3B
NCAV/Share
¥-2,581
¥-1,721
¥-1,536
¥-1,620
BV/Share
¥4,116
¥3,845
¥3,584
¥3,348
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-133.8B
¥70.9B
¥-42.8B
¥52.8B
Taxes Paid
¥-25.6B
¥-28.9B
¥6.3B
—
Interest Paid
¥-15.4B
¥-12.0B
¥-9.5B
¥-8.4B
Interest Received
¥2.3B
¥3.6B
¥385M
¥427M
D&A
¥20.9B
¥20.4B
¥20.6B
¥19.1B
Goodwill Amort.
¥1.1B
¥370M
¥431M
¥408M
Investing CF
¥-203.4B
¥-83.6B
¥-62.9B
¥-46.3B
Purchase Investments
¥-8.6B
¥-43.3B
¥-34.5B
¥-10.0B
Financing CF
¥318.5B
¥39.9B
¥65.7B
¥-9.6B
Dividends Paid
¥-27.7B
¥-23.1B
¥-19.8B
¥-15.5B
Share Buybacks
¥-5.1B
¥-7.9B
¥-14.4B
¥-9.0B
LT Debt Repaid
¥-90.3B
¥-78.2B
¥-69.0B
¥-56.1B
Free Cash Flow
¥-133.8B
¥70.9B
¥-42.8B
¥52.8B
Net Change in Cash
¥-17.9B
¥26.0B
¥-40.0B
¥-2.8B
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
10.4%
10.1%
10.1%
9.2%
ROA
3.0%
3.1%
3.1%
2.7%
EPS
¥86.77
¥392.29
¥365.26
¥307.81
DPS
¥170.00
¥140.00
¥120.00
¥97.50
BPS
¥873.40
¥4,002.79
¥3,756.30
¥3,478.14
FCF/Share
¥-767
¥403
¥-241
¥293
NCAV/Share
¥-2,581
¥-1,721
¥-1,536
¥-1,620
Payout Ratio
195.9%
35.7%
32.9%
31.7%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 5
Date Activist Stake Event Flag Demands Source
2025-12-05
Nomura Securities Co.,Ltd.
37.71%
-1.1%
change
Passive
—
2025-10-03
BlackRock Japan Co., Ltd.
5.04%
+0.72%
initial_5pct
Passive
—
2024-12-05
BlackRock Japan Co., Ltd.
4.32%
-1.35%
change
Passive
—
2024-12-02
Nomura Securities Co.,Ltd.
38.81%
change
Passive
—
2024-09-18
BlackRock Japan Co., Ltd.
5.67%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
野村ホールディングス株式会社
647,775
37.11%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
208,429
11.94%
3
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
106,888
6.12%
4
JPモルガン証券株式会社
40,626
2.32%
5
野村不動産ホールディングス従業員持株会
31,301
1.79%
6
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
24,968
1.43%
7
BNY Mellon (Nominee)
BNYM AS AGT/CLTS NON TREATY JASDEC (常任代理人 株式会社三菱UFJ銀行)
23,759
1.36%
8
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(役員報酬BIP信託口・76272口)
23,377
1.33%
9
STICHTING PENSIOENFONDS ZORG EN WELZIJN (常任代理人 シティバンク、エヌ・エイ東京支店)
22,000
1.26%
10
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505103 (常任代理人 株式会社みずほ銀行決済営業部)
18,458
1.05%
Domestic Nominees
19.4%
+1.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.8%
-0.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
42.5%
+2.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
野村ホールディングス
36.49%
36.87%
37.11%
+0.24%
日本マスタートラスト信託銀行
13.65%
12.67%
13.27%
+0.60%
日本カストディ銀行
6.30%
5.33%
6.12%
+0.79%
State Street
2.29%
3.37%
2.48%
-0.89%
JPモルガン証券
NEW ENTRY
—
—
—
2.32%
NEW
野村不動産ホールディングス従業員持株会
1.72%
1.71%
1.79%
+0.08%
BNY Mellon
NEW ENTRY
0.83%
—
1.36%
NEW
STICHTING PENSIOENFONDS ZORG EN WELZIJN
—
1.48%
1.26%
-0.22%
JP Morgan
last seen 2024
Exited Top 10
0.83%
0.85%
—
JPモルガン証券
last seen 2023
Exited Top 10
0.91%
—
—
Concentration (HHI)
ⓘ
1568
1566
1609
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved