Nomura Real Estate Holdings, Inc.

Equities

3231

JP3762900003

Real Estate Development & Operations

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Apr. 26	Nomura Real Estate Raises Final Dividend as FY2023 Attributable Profit Climbs 6%; Shares Surge 7%	MT
Apr. 25	Nomura Real Estate Holdings, Inc. Provides Dividend Guidance for the Second Quarter and Fiscal Year Ending March 31, 2025	CI

Nomura Real Estate : June-2022 Fact Sheets(For the 1st Quarter of Fiscal Year Ending March 31, 2023)

July 28, 2022 at 02:28 am EDT

June-2022 Fact Sheets

(For the 1st Quarter of Fiscal Year Ending March 31, 2023)

Released on July 28, 2022

Nomura Real Estate Holdings, Inc.

[Consolidated Financial Summary 1]											(Millions of yen)


		2020/03		2021/03		2022/03		2023/03

		1Q			1Q			1Q			1Q
		Apr-Jun '19		FY	Apr-Jun '20		FY	Apr-Jun '21		FY	Apr-Jun '22	FY(F)

Operating revenue	112,448		676,495	136,486		580,660	146,544		645,049	199,721	680,000

Operating gross profit	29,861		193,723	41,917		183,057	56,769		205,312	67,063	－

	(Gross profit ratio)	26.6%		28.6%	30.7%		31.5%	38.7%		31.8%	33.6%	－

Selling, general and administrative expenses	23,815		111,817	24,016		106,724	26,275		114,101	29,774	－

	(SG&A ratio)	21.2%		16.5%	17.6%		18.4%	17.9%		17.7%	14.9%	－

Operating profit	6,046		81,905	17,900		76,333	30,493		91,210	37,289	90,500

	(Operating profit ratio)	5.4%		12.1%	13.1%		13.1%	20.8%		14.1%	18.7%	－

Business profit(*1)	6,312		82,833	18,107		76,448	30,519		92,765	38,974	97,000

Non-operating income	342		1,350	301		747	172		1,846	1,702	－

	Interest and dividend income	43		208	39		159	50		167	44	－
	Other	299		1,141	261		588	122		1,678	1,658	－

Non-operating expenses	2,359		10,178	2,785		11,115	2,841		10,499	2,684	－

	Interest expenses	2,155		8,788	2,220		9,015	2,186		8,825	2,338	－
	Other	204		1,389	565		2,100	654		1,673	345	－

Ordinary profit	4,028		73,077	15,417		65,965	27,825		82,557	36,308	85,000

	(Ordinary profit ratio)	3.6%		10.8%	11.3%		11.4%	19.0%		12.8%	18.2%	－

Extraordinary income	－		393	－		565	－		－	－	－

Extraordinary losses	－		381	1,715		3,710	686		1,505	－	－

Profit before income taxes	4,028		73,090	13,701		62,820	27,138		81,052	36,308	－

Profit attributable to owners of parent	2,975		48,886	8,833		42,198	18,606		55,312	26,933	57,000

(*1) Business profit = operating profit + share of profit (loss) of entities accounted for using equity method + amortization of intangible assets associated with corporate acquisitions

1	NOMURA REAL ESTATE HOLDINGS
June-2022 Fact Sheets

[Consolidated Financial Summary 2]											(Millions of yen)


		2020/03		2021/03		2022/03		2023/03

		1Q			1Q			1Q			1Q
		As of		FY	As of		FY	As of		FY	As of		FY(F)
		Jun.30, 2019		Jun.30, 2020		Jun.30, 2021		Jun.30, 2022

Total assets	1,717,562		1,801,273	1,862,336		1,921,306	1,957,185		2,040,506	2,005,770		－

	Current assets	805,417		906,726	958,858		1,043,321	1,074,214		1,126,802	1,092,249		－
		<653,012>		<714,734>	<754,005>		<875,520>	<877,546>		<894,229>	<887,589>		－
		<18,360>		<30,983>	<29,005>		<28,770>	<29,791>		<33,871>	<40,062>		－
	Non-current assets	912,145		894,547	903,478		877,985	882,970		913,703	913,521		－

Net assets	536,690		565,120	555,712		586,350	601,172		621,398	641,888		－

Shareholders' equity ratio	30.4%		30.5%	29.7%		30.4%	30.6%		30.3%	31.9%		－

Interest-bearing debt	920,500		870,000	1,029,500		1,008,500	1,028,343		1,022,735	1,056,177		－


		2020/03		2021/03		2022/03		2023/03

		1Q			1Q			1Q			1Q
		Apr-Jun '19		FY	Apr-Jun '20		FY	Apr-Jun '21		FY	Apr-Jun '22		FY(F)

Capital investment (*1)	4,000		20,363	13,285		45,665	6,694		36,618	19,178		－

Depreciation (*2)	4,854		19,805	4,925		20,021	4,712		19,089	4,989		－


		2020/03		2021/03		2022/03		2023/03

		1Q			1Q			1Q			1Q
		Apr-Jun '19		FY	Apr-Jun '20		FY	Apr-Jun '21		FY	Apr-Jun '22		FY(F)

Cash flows from operating activities	(53,165)		56,618	(120,573)		(63,504)	(24,444)		52,793	(41,463)		－

Cash flows from investing activities	(3,061)		(30,490)	4,190		(55,789)	(4,873)		(46,277)	(21,052)		－

Cash flows from financing activities	(2,594)		(66,821)	143,812		112,376	11,224		(9,619)	22,673		－

Cash and cash equivalents	59,559		77,611	104,916		70,624	52,763		67,793	28,106		－

(*1) Capital investment represents the amount shown for "Purchase of property, plant and equipment and intangible assets" on the consolidated statements of cash flows.

(*2) Depreciation represents the amount shown for "Depreciation" on the consolidated statements of cash flows.

2	NOMURA REAL ESTATE HOLDINGS
June-2022 Fact Sheets

[Business Unit Information 1]

(Millions of yen)

	2020/03	2021/03		2022/03		2022/03（*1,2,3）
	1Q		1Q			1Q		1Q
Operating revenue	Apr-Jun '19	FY	Apr-Jun '20		FY	Apr-Jun '21	FY	Apr-Jun '21	FY
Residential Development	13,883	333,966	55,286		272,577	46,602	309,225	46,602	309,225
Housing sales(Japan)	10,196	294,376	50,300		247,609	42,679	284,015	42,679	284,015
Rental housing(sale)(*4)	1,140	17,931	－		5,035	－	4,120	－	4,120
Rental housing(leasing)(*4)	220	1,070	210		925	318	1,501	318	1,501
Senior	112	451	116		651	210	998	210	998
Other	2,213	20,136	4,658		18,355	3,394	18,590	3,394	18,590
Commercial Real Estate	71,404	212,133	52,872		179,227	67,600	202,460	67,600	202,460
Leasing (offices)	11,986	48,562	11,560		47,411	11,076	45,422	11,139	45,666
Leasing (retail facilities)	3,151	12,910	1,590		11,018	2,943	12,302	2,943	12,302
Leasing (other)	2,062	8,375	1,499		5,776	1,002	4,131	1,002	4,131
Property for sales (sale)(*5)	39,527	106,816	33,270		87,846	45,489	106,451	45,489	106,451
Property for sales (leasing)(*5)	1,890	7,037	2,872		11,239	3,128	13,977	3,128	13,977
Fitness	4,222	15,757	1,168		11,509	2,921	13,624	2,921	13,624
Other	8,563	12,674	909		4,426	1,038	6,550	975	6,306
Overseas	－	－	－		－	－	－	618	2,628
Housing sales	－	－	－		－	－	－	433	1,785
Rental housing	－	－	－		－	－	－	160	692
Other	－	－	－		－	－	－	24	150
Investment Management	3,144	12,059	3,378		12,456	3,453	12,804	3,453	12,804
Property Brokerage & CRE	7,852	39,110	8,575		39,436	10,621	43,762	10,621	43,762

Brokerage fee (retail)	5,638	24,017	4,843		23,334	6,774	28,706	5,390	21,825
Brokerage fee (middle)	－	－	－		－	－	－	1,693	8,326
Brokerage fee (wholesale)	1,705	11,138	2,750		11,384	2,868	11,126	2,558	9,681
Other	508	3,954	981		4,717	978	3,929	978	3,929
Property & Facility Management	21,140	98,274	19,789		98,384	21,618	99,230	21,618	99,230
Property & facility management	13,545	55,530	14,132		56,783	14,293	58,264	14,293	58,264
Construction ordered	6,348	37,327	4,377		35,863	6,013	35,215	6,013	35,215
Other	1,247	5,417	1,279		5,737	1,311	5,750	1,311	5,750
Other	20	1,143	295		2,070	631	2,755	12	126
Adjustments (eliminations or corporate)	(4,996)	(20,193)	(3,711)		(23,492)	(3,983)	(25,188)	(3,983)	(25,188)
Total	112,448	676,495	136,486		580,660	146,544	645,049	146,544	645,049
Operating profit
Residential Development	(4,566)	25,351	4,197		22,421	1,726	32,519	1,726	32,519
Commercial Real Estate	8,049	38,941	10,237		35,138	23,174	38,286	23,174	38,286
Overseas	－	－	－		－	－	－	△ 112	(512)
Investment Management	1,854	6,853	2,147		7,296	2,204	7,515	2,204	7,515
Property Brokerage & CRE	556	9,097	1,627		8,962	3,195	11,713	3,195	11,713
Property & Facility Management	1,303	8,474	1,156		9,089	1,508	9,114	1,508	9,114
Other	(427)	(1,267)	(580)		(798)	(155)	(711)	(43)	(199)
Adjustments (eliminations or corporate)	(724)	(5,545)	(883)		(5,776)	(1,161)	(7,227)	(1,161)	(7,227)
Total	6,046	81,905	17,900		76,333	30,493	91,210	30,493	91,210
Business profit (*6)
Residential Development	(4,573)	25,339	4,188		22,404	1,734	32,550	1,734	32,550
Commercial Real Estate	8,149	39,247	10,362		35,469	23,273	38,590	23,273	38,590
Overseas	－	－	－		－	－	－	△ 302	291
Investment Management	1,931	7,149	2,221		7,587	2,282	7,836	2,282	7,836
Property Brokerage & CRE	556	9,088	1,627		8,976	3,195	11,716	3,195	11,716
Property & Facility Management	1,328	8,566	1,194		9,281	1,540	9,205	1,540	9,205
Other	(356)	(1,012)	(602)		(1,495)	(346)	92	(43)	(199)
Adjustments (eliminations or corporate)	(724)	(5,545)	(883)		(5,776)	(1,161)	(7,227)	(1,161)	(7,227)
Total	6,312	82,833	18,107		76,448	30,519	92,765	30,519	92,765

2023/03

1Q
Apr-Jun '22		FY(F)

91,374		325,000
86,164		－
－		－
490		－
319		－
4,400		－
75,231		210,000
10,652		－
3,969		－
831		－
50,538		－
3,698		－
3,670		－
1,870		－
916		4,000
705		－
166		－
45		－
3,828		13,000
10,748		44,000

6,021		－
1,718		－
2,041		－
966		－
21,283		104,000
14,528		－
5,359		－
1,394		－
65		0
(3,727)		(20,000)
199,721		680,000

10,121		－
22,026		－
56		－
2,466		－
3,072		－
1,357		－
39		－
(1,851)		－
37,289		－

10,118		32,500
22,118		41,000
1,536		5,500
2,549		8,000
3,072		11,500
1,391		9,000
39		0
(1,851)		(10,500)
38,974		97,000

(*1) From the fiscal year ending March 31, 2023, Overseas Business Unit was newly established and the classification of Overseas Business Division of Nomura Real Estate Development Co., Ltd. and overseas subsidiaries, etc., which had been classified under the "Other", have been reclassified.

Due to this change, the figures listed for the fiscal year ended March 31, 2022 are changed.

(*2) As of April 1, 2022, Nomura Real Estate Development Co., Ltd. and Nomura Real Estate Building Co., Ltd. were merged (Nomura Real Estate Development Co., Ltd. as the surviving company), and the breakdown of operating revenue in Commercial Real Estate Business Unit was changed. Due to this change, the figures listed for the fiscal year ended March 31, 2022 are changed.

(*3) From the fiscal year ending March 31, 2023, the breakdown of operating revenue in Property Brokerage & CRE Business Unit was changed . Due to this change, the figures listed for the fiscal year ended March 31, 2022 are changed. The classification is as follows. Retail business: Real estate brokerage business for individuals

Middle business: Real estate brokerage business for small and midsize companies, business owners, some individual investors and high net worth individuals

Wholesale business: Real estate brokerage business for large corporations, funds and overseas investors

(*4) Rental Housing refers to properties developed for real estate investment market.

(*5) Property for sales refers to properties such as office building, retail facility and logistic facility developed for real estate investment market.

(*6) Business profit = Operating profit + Share of profit and loss of entities accounted for using equity method + Amortization expenses of intangible assets associated with corporate acquisition

3	NOMURA REAL ESTATE HOLDINGS
June-2022 Fact Sheets

[Business Unit Information 2]	(Millions of yen)

	2020/03	2021/03		2022/03		2022/03（*1）

	1Q		1Q			1Q		1Q
	As of	FY	As of		FY	As of	FY	As of	FY
Assets	Jun.30, 2019	Jun.30, 2020		Jun.30, 2021		Jun.30, 2021

Residential Development	464,337	457,505	477,478		505,976	496,476	514,546	496,476	514,546

Commercial Real Estate	1,061,537	1,112,664	1,128,008		1,160,805	1,175,658	1,204,549	1,175,658	1,204,549

Overseas	－	－	－		－	－	－	89,971	117,010

Investment Management	40,669	43,053	39,879		42,868	40,640	43,220	40,640	43,220

Property Brokerage & CRE	14,435	19,240	13,353		25,201	20,601	35,787	20,601	35,787

Property & Facility Management	36,249	47,106	37,148		50,095	38,613	48,881	38,613	48,881

Other	36,595	61,730	59,493		89,237	90,664	117,787	693	777
Adjustments (eliminations or corporate)	63,738	59,972	106,973		47,122	94,529	75,733	94,529	75,733

Total	1,717,562	1,801,273	1,862,336		1,921,306	1,957,185	2,040,506	1,957,185	2,040,506

Inventories
Residential Development	415,626	401,119	435,123		463,944	453,714	458,049	453,714	458,049

Commercial Real Estate	237,765	314,297	319,514		412,862	424,924	436,810	424,924	436,810

Overseas	－	－	－		－	－	－	－	－

Investment Management	－	－	－		－	－	－	－	－

Property Brokerage & CRE	－	－	－		－	－	－	－	－

Property & Facility Management	366	69	119		44	205	69	205	69

Other	11	11	11		11	11	11	11	11

Adjustments (eliminations or corporate)	(758)	(762)	(762)		(1,342)	(1,309)	(712)	(1,309)	(712)

Total	653,012	714,734	754,005		875,520	877,546	894,229	877,546	894,229

Return on Assets (ROA) of Each Business Unit
Residential Development	－	5.5%	－		4.4%	－	6.3%	－	6.3%

Commercial Real Estate	－	3.5%	－		3.1%	－	3.2%	－	3.2%

Overseas	－	－	－		－	－	－	－	0.2%

Investment Management	－	16.6%	－		17.7%	－	18.1%	－	18.1%

Property Brokerage & CRE	－	47.2%	－		35.6%	－	32.7%	－	32.7%

Property & Facility Management	－	18.2%	－		18.5%	－	18.8%	－	18.8%

Other	－	－	－		－	－	0.1%	－	－
Total	－	4.7%	－		4.1%	－	4.7%	－	4.7%

2023/03

As ofFY(F) Jun.30, 2022

504,120－

1,202,492－

133,037－

37,095－

8,048－

26,017－

1,305－

93,652－

2,005,770－

450,422－

437,665－

－－

208－

11－

887,589－

－－

ROA of each business unit = Business profit / Total assets at the end of the period

Total ROA = Business profit / Average assets during the FY

4	NOMURA REAL ESTATE HOLDINGS
June-2022 Fact Sheets

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Nomura Real Estate Holdings Inc. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 06:27:02 UTC.

Latest news about Nomura Real Estate Holdings, Inc.

Nomura Real Estate Raises Final Dividend as FY2023 Attributable Profit Climbs 6%; Shares Surge 7%	Apr. 25	MT
Nomura Real Estate Holdings, Inc. Provides Dividend Guidance for the Second Quarter and Fiscal Year Ending March 31, 2025	Apr. 25	CI
Nomura Real Estate Holdings, Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2025	Apr. 25	CI
Nomura Real Estate Holdings, Inc. Announces Dividend for the Year Ended March 31, 2024, Payable on June 3, 2024	Apr. 25	CI
Nomura Real Estate Master Fund's Asset Manager Acquires Additional Interest in Kojimachi Millennium for 260 Million Yen	Apr. 23	MT
Nomura Real Estate Master Fund to Rebrand Residential Healthcare Facility	Apr. 01	MT
Nomura Real Estate Holdings, Inc. completed the acquisition of UDS Ltd. from Odakyu Electric Railway Co., Ltd. for ¥22.7 billion.	Mar. 31	CI
Japanese Shares Muted as Wall Street Rally Pauses Ahead of Key Economic Data	Mar. 26	MT
Nomura Real Estate Completes 7 Billion Yen Share Buyback	Mar. 25	MT
Tranche Update on Nomura Real Estate Holdings, Inc.'s Equity Buyback Plan announced on October 26, 2023.	Mar. 25	CI
Nomura Real Estate Holdings, Inc.'s Equity Buyback announced on October 26, 2023, has closed with 1,865,200 shares, representing 1.07% for ¥6,999.62 million.	Mar. 21	CI
Nomura Real Estate Master Fund Cancels 10 Billion Yen Commitment Line Deal	Mar. 05	MT
Nomura Real Estate Buys Back Shares for Nearly 2 Billion Yen; Shares Up 3%	Mar. 05	MT
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Nomura Real Estate Master Fund Secures 30 Billion Yen Credit Line	Feb. 15	MT
Nomura Real Estate Master Fund to Refinance 10.22 Billion Yen Loans, Early Repayment on 2 Billion Yen Loan	Feb. 15	MT
Japanese Shares Close Lower Amid Profit-Taking, Tech Decline	Feb. 07	MT
Nomura Real Estate Master Fund to Acquire, Sell Tokyo Assets	Feb. 07	MT
Japanese Shares Slip Back into Red Amid Corporate Earnings, Profit-Taking	Feb. 06	MT
Nomura Real Estate Buys Back Shares Worth Over 1 Billion Yen	Feb. 05	MT
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Nomura Real Estate Master Fund to Profit 385 Million Yen from Disposal of Property	Jan. 24	MT
Nomura Real Estate Buys Back Shares Worth Over 1 Billion Yen in December 2023	Jan. 10	MT
Tranche Update on Nomura Real Estate Holdings, Inc.'s Equity Buyback Plan announced on October 26, 2023.	Jan. 09	CI

Chart Nomura Real Estate Holdings, Inc.

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Company Profile

Nomura Real Estate Holdings Inc is a real estate holding company. The Company operates in five business segments. The Housing segment is engaged in the development and allotment of condominiums, detached houses and residential properties, the development of housing for seniors, as well as the contracting of reform work business. The Urban Development segment is engaged in the development, leasing and sale of office buildings, logistics facilities and commercial facilities. The Asset Management segment provides asset management services for private placement funds, REITs and real estate securitized products. The Brokerage and CRE segment is engaged in the brokerage and consulting of real estate. The Operation Management segment is engaged in the management of office building and condominiums. The Company is also engaged in trading and leasing of land and buildings.

Sector

Real Estate Development & Operations

Calendar

2024-07-30 - Q1 2024 Earnings Release (Projected)

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Income Statement Evolution

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Ratings for Nomura Real Estate Holdings, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4,428 JPY

Average target price

4,478 JPY

Spread / Average Target

+1.12%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Real Estate Development & Operations

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