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Nomura Real Estate, 0.2％ Increase in Ordinary Profit, Update Record High for Sixth Consecutive Term, Dividend Raised by 4 Yen

Fri Apr 24, 2026 3:30 pm JST Earnings

3231 Nomura Real Estate Holdings, Inc. 【J-GAAP】

Earnings Report

Nomura Real Estate Holdings, Inc. <3231> [TSE Prime] announced its financial results after the market closed on April 24th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 16.9% from the previous period to 124 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is nearly flat with a slight increase of 0.2% to 125 billion yen, marking the sixth consecutive term of record-high profits. This will be the sixth consecutive term of revenue and profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 44 yen, an increase of 4 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit surged 2.9 times that of the same period last year, reaching 54.7 billion yen. The operating profit margin jumped from 10.8% in the same period last year to 16.0%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 734,715 112,114 98,248 68,164 78.5 28 Apr 25, 2024 J-GAAP
Mar, 2025 757,638 118,958 106,740 74,835 86.8 34 Apr 24, 2025 J-GAAP
Mar, 2026 942,505 138,242 124,807 82,880 96.7 40 Apr 24, 2026 J-GAAP
YoY +24.4% +16.2% +16.9% +10.8% +11.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 950,000 128,000 114,000 75,000 87.8 40 Jan 28, 2026 J-GAAP
Mar, 2026 Results 942,505 138,242 124,807 82,880 96.7 40 Apr 24, 2026 J-GAAP
Revision Rate -0.8% +8.0% +9.5% +10.5% +10.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 397,749 57,194 50,838 31,358 36.5 18 Oct 30, 2025 J-GAAP
Apr - Sep, 2026 Guidance ー ー ー ー － 22 Apr 24, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 757,638 118,958 106,740 74,835 86.8 34 Apr 24, 2025 J-GAAP
Mar, 2026 942,505 138,242 124,807 82,880 96.7 40 Apr 24, 2026 J-GAAP
Mar, 2027 Guidance 1,080,000 140,000 125,000 86,000 100.7 44 Apr 24, 2026 J-GAAP
YoY +14.6% +1.3% +0.2% +3.8% +4.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 185,784 20,113 18,671 12,427 14.4 10.8 Apr 24, 2025 J-GAAP
Apr - Jun, 2025 221,419 36,804 33,917 23,192 27.0 16.6 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 176,330 20,390 16,921 8,166 9.5 11.6 Oct 30, 2025 J-GAAP
Oct - Dec, 2025 183,813 23,126 19,261 11,582 13.5 12.6 Jan 28, 2026 J-GAAP
Jan - Mar, 2026 360,943 57,922 54,708 39,940 46.6 16.0 Apr 24, 2026 J-GAAP
YoY +94.3% +188.0% +193.0% +221.4% +223.4%

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