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Nomura Real Estate Master Fund, 13% Increase in Ordinary Profit for The Current Fiscal Year

Fri Apr 17, 2026 3:30 pm JST Earnings

3462 Nomura Real Estate Master Fund,Inc.

Earnings Report

Nomura Real Estate Master Fund,Inc. <3462> [TSE REIT] announced its financial results after the market closed on April 17th (15:30). The ordinary profit for the fiscal year ended February 2026 decreased by 17.0% from the previous period to 13.3 billion yen. For the fiscal year ending August 2026, the ordinary profit is expected to grow by 12.7% to 15.0 billion yen.

At the same time, the company increased the distribution for the previous term from 3624 yen to 3634 yen (compared to 3542 yen in the prior term), and plans to set the distribution for the current term at 3695 yen.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 43,117 18,336 15,986 15,986 3,434.0 3,453 Apr 17, 2025 J-GAAP
Aug, 2025 43,710 18,561 16,099 16,103 3,465.0 3,542 Oct 16, 2025 J-GAAP
Feb, 2026 41,186 15,858 13,355 13,355 2,874.0 3,634 Apr 17, 2026 J-GAAP
YoY -5.8% -14.6% -17.0% -17.1% -17.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Guidance 41,443 15,982 13,378 13,411 2,886.3 3,624 Oct 16, 2025 J-GAAP
Feb, 2026 Results 41,186 15,858 13,355 13,355 2,874.0 3,634 Apr 17, 2026 J-GAAP
Revision Rate -0.6% -0.8% -0.2% -0.4% -0.4%

Current Period Guidance

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2025 43,710 18,561 16,099 16,103 3,465.0 3,542 Oct 16, 2025 J-GAAP
Feb, 2026 41,186 15,858 13,355 13,355 2,874.0 3,634 Apr 17, 2026 J-GAAP
Aug, 2026 Guidance 43,116 17,904 15,053 15,052 3,239.5 3,695 Apr 17, 2026 J-GAAP
YoY +4.7% +12.9% +12.7% +12.7% +12.7%

Quarterly Results

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