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Nomura Real Estate Holdings, Inc.

3231.T

JPXReal EstateReal Estate - Development

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Latest quote

¥928.5

¥0.00 · 0.00%

Aug 24, 1:18 PM JST

3231.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

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.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
JP
CEO
Satoshi Arai
Listed since
Oct 3, 2006
Employees
9,043

Market position

Day range

Current ¥928.5

52-week range

Current ¥928.5

Open
¥932.4
Previous close
¥928.5
Volume
2.05M
0.5× average
Average volume
4.12M
Average daily volume
Market cap
793.13B JPY
Beta
0.69
Market reference 1
50-day average
¥932.5
-0.43% below average
200-day average
¥983.65
-5.61% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
10.68×
P/B (TTM)
0.99×
P/S (TTM)
0.87×
Dividend yield
4.31%

Profitability & efficiency

Gross margin
28.98%
Operating margin
13.92%
Net margin
8.16%

Financial health

Debt / equity
2.12×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends35%25%16%6%Gross margin, FY2022: 28.81%Gross margin, FY2023: 30.86%Gross margin, FY2024: 30.49%Gross margin, FY2025: 32.43%Gross margin, FY2026: 28.99%Operating margin, FY2022: 14.14%Operating margin, FY2023: 15.21%Operating margin, FY2024: 15.26%Operating margin, FY2025: 15.70%Operating margin, FY2026: 14.67%Net margin, FY2022: 8.57%Net margin, FY2023: 9.85%Net margin, FY2024: 9.28%Net margin, FY2025: 9.88%Net margin, FY2026: 8.79%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 28.81%. Gross margin FY2023 30.86%. Gross margin FY2024 30.49%. Gross margin FY2025 32.43%. Gross margin FY2026 28.99%. Operating margin FY2022 14.14%. Operating margin FY2023 15.21%. Operating margin FY2024 15.26%. Operating margin FY2025 15.70%. Operating margin FY2026 14.67%. Net margin FY2022 8.57%. Net margin FY2023 9.85%. Net margin FY2024 9.28%. Net margin FY2025 9.88%. Net margin FY2026 8.79%.

Income trends

Revenue

942.51B JPY+24.40%

Operating income

138.24B JPY+16.21%

Net income

82.88B JPY+10.75%
Income trends across reported periods1.03T JPY676.35B JPY321.47B JPY−33.41B JPYRevenue, FY2022: 645.05B JPYRevenue, FY2023: 654.74B JPYRevenue, FY2024: 734.72B JPYRevenue, FY2025: 757.64B JPYRevenue, FY2026: 942.51B JPYOperating income, FY2022: 91.21B JPYOperating income, FY2023: 99.6B JPYOperating income, FY2024: 112.11B JPYOperating income, FY2025: 118.96B JPYOperating income, FY2026: 138.24B JPYNet income, FY2022: 55.31B JPYNet income, FY2023: 64.52B JPYNet income, FY2024: 68.16B JPYNet income, FY2025: 74.84B JPYNet income, FY2026: 82.88B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 645.05B JPY. Revenue FY2023 654.74B JPY. Revenue FY2024 734.72B JPY. Revenue FY2025 757.64B JPY. Revenue FY2026 942.51B JPY. Operating income FY2022 91.21B JPY. Operating income FY2023 99.6B JPY. Operating income FY2024 112.11B JPY. Operating income FY2025 118.96B JPY. Operating income FY2026 138.24B JPY. Net income FY2022 55.31B JPY. Net income FY2023 64.52B JPY. Net income FY2024 68.16B JPY. Net income FY2025 74.84B JPY. Net income FY2026 82.88B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue942.51B JPY757.64B JPY734.72B JPY654.74B JPY645.05B JPY
Cost of goods sold669.29B JPY511.93B JPY510.7B JPY452.67B JPY459.23B JPY
Gross profit273.22B JPY245.71B JPY224.02B JPY202.07B JPY185.82B JPY
Operating expenses134.97B JPY126.76B JPY111.9B JPY102.47B JPY94.6B JPY
Interest income236M JPY195M JPY136M JPY111M JPY70M JPY
Interest expense18.86B JPY15.85B JPY14.09B JPY10.22B JPY8.83B JPY
Depreciation and amortization29.37B JPY20.89B JPY20.45B JPY20.59B JPY19.09B JPY
Operating income138.24B JPY118.96B JPY112.11B JPY99.6B JPY91.21B JPY
Net income82.88B JPY74.84B JPY68.16B JPY64.52B JPY55.31B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-14.89%
11 comparable reports
Latest EPS result
17.23
Estimate 21.95 · Miss by 21.50%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates153.35105.0356.728.41Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 23.08, estimate 142.72, surprise -83.83%, Miss. Q2 2025, reported Apr 24, 2025: actual 14.5, estimate 17.74, surprise -18.26%, Miss. Q3 2025, reported Jul 30, 2025: actual 26.99, estimate 24.83, surprise +8.70%, Beat. Q4 2025, reported Oct 30, 2025: actual 9.89, estimate 28.93, surprise -65.81%, Miss. Q1 2026, reported Jan 28, 2026: actual 13.56, estimate 22.19, surprise -38.89%, Miss. Q2 2026, reported Apr 24, 2026: actual 46.65, estimate 42.37, surprise +10.10%, Beat. Q3 2026, reported Jul 30, 2026: actual 17.23, estimate 21.95, surprise -21.50%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 17.98, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates377.58B308.14B238.71B169.28BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 190.51B JPY, estimate 184.56B JPY, surprise +3.22%, Beat. Q2 2025, reported Apr 24, 2025: actual 185.78B JPY, estimate 189.48B JPY, surprise -1.95%, Miss. Q3 2025, reported Jul 30, 2025: actual 221.42B JPY, estimate 218.49B JPY, surprise +1.34%, Beat. Q4 2025, reported Oct 30, 2025: actual 183.8B JPY, estimate 188.61B JPY, surprise -2.55%, Miss. Q1 2026, reported Jan 28, 2026: actual 183.81B JPY, estimate 225.77B JPY, surprise -18.58%, Miss. Q2 2026, reported Apr 24, 2026: actual 360.94B JPY, estimate 363.06B JPY, surprise -0.58%, Miss. Q3 2026, reported Jul 30, 2026: actual 191.06B JPY, estimate 231.73B JPY, surprise -17.55%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 231.08B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥35.50

2025 complete year+109.6% since 2021

2026 partial: ¥22.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥22.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥22.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥22.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 4, 2026

Dividend

Ex-dividend Sep 29, 2025

¥18.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 1, 2025

Dividend

Ex-dividend Mar 28, 2025

¥87.50

Semi-Annual

Record Mar 31, 2025 · Payment Jun 5, 2025

Dividend

Ex-dividend Sep 27, 2024

¥82.50

Semi-Annual

Record Sep 30, 2024 · Payment Dec 2, 2024

ETFs holding 3231.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
1.3B
Weight
0.04%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥418.6+0.14%
iShares JPX-Nikkei 400 ETF logoiShares JPX-Nikkei 400 ETF1364.T
Market value
380.41M
Weight
0.06%
AUM
592.34B JPY
Expense ratio
0.05%
Price / 1D
¥3,7610.00%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
45.92M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
28.94M
Weight
0.01%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
22.97M
Weight
0.01%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
Dimensional - International Value ETF logoDimensional - International Value ETFDFIV
Market value
19.03M
Weight
0.09%
AUM
22.06B USD
Expense ratio
0.27%
Price / 1D
$58.31+0.88%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
11.55M
Weight
0.09%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
11.17M
Weight
0.28%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.71+0.04%

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