Nomura Real Estate Holdings

What Nomura Real Estate Holdings does

Nomura Real Estate Holdings (野村不動産ホールディングス株式会社) is the Tokyo-headquartered holding company of the Nomura Real Estate Group, one of Japan's largest diversified real estate developers, listed on the Tokyo Stock Exchange Prime Market (ticker: 3231). Operating across residential development, commercial property, logistics facilities, senior housing, hotels, serviced offices, and asset management, the group serves individual home buyers, corporate tenants, and institutional investors primarily in Japan, with selective international exposure in Vietnam and the UK. The holding company was established in June 2004 over a group whose oldest entity, Nomura Real Estate (野村不動産), dates to 1957, and Nomura Holdings remains the largest shareholder at 37.08%.

The group's product surface spans core domestic segments — Housing Sales and Property Sales — plus service businesses such as H1O serviced offices, WeWork partnerships, the BLIFE residential leasing brand, and asset management through Nomura Real Estate Asset Management. Forward-looking initiatives include the Tokyo Bay eSG Project for next-generation integrated mobility (eVTOL flying cars, autonomous vessels, multi-robot systems) with SkyDrive targeting fiscal 2028 commercialization, AI-based CO2 emissions calculation during construction, and participation in battery energy storage system investments. Capital deployment has expanded internationally with a £500 million UK commitment under the June 2025 UK-Japan Leaders' Joint Declaration and an April 2026 JPY 38.5 billion acquisition of the Centara Grand Hotel Osaka from Thailand's Central Plaza Hotel.

The business model is predominantly transactional: revenue is generated mainly through one-time sales of residential units and commercial properties, supplemented by recurring asset management fees, property management, serviced office, and hospitality income. For FY ended March 2026, operating revenue reached a record JPY 942.5 billion, with business profit of JPY 147.3 billion (+17.8% YoY), profit attributable to owners of JPY 82.8 billion, ROE of 10.7%, and ROA of 5.4%; FY2027 guidance targets an all-time high revenue of JPY 1.08 trillion.

Name

Nomura Real Estate Holdings

Legal name

野村不動産ホールディングス株式会社

Website

https://nomura-re-hd.co.jp

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Nomura Real Estate Holdings is a Tokyo-listed Japanese real estate developer serving individual buyers, businesses, and institutional investors across residential, commercial, logistics, hospitality, and asset management segments, with growing operations in the UK and Vietnam.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Offices of Real Estate Agents and Brokers (531210), Lessors of Residential Buildings and Dwellings (531110), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Residential Real Estate Asset Management (BPAJAMAA)

akta.pro secondary industries

Multifamily & Student Housing Asset Management (BPAJAMAD), Multifamily Apartment Property Management (BPAJAFAA), Corporate & Executive Short-Term Housing Management (BPAJAIAH)

Keywords

• Residential real estate development
• Commercial property sales
• Real estate asset management
• Property management services
• Logistics facilities development

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Housing Sales (Domestic Residential): Development and sale of residential properties including detached houses and condominiums to individual buyers. The domestic segment is the primary growth driver, cited as driving growth through Housing Sales and Property Sales businesses for fiscal year ended March 2026.
2. Property Sales (Commercial & Investment): Sale of commercial properties and real estate assets to investors and businesses. Along with Housing Sales, this business segment drove growth in the domestic operations for FY ended March 2026.
3. Real Estate Asset Management: Asset management services operated through Nomura Real Estate Asset Management, providing investment management services to institutional investors.
4. Logistics/Business Infrastructure: Infrastructure-related operations including logistics facilities and industrial real estate development.
5. Overseas Operations: International real estate development and sales operations, currently focused on Vietnam. The overseas segment declined due to lower housing units sold in Vietnam during FY 2026.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Nomura Real Estate Holdings is the publicly listed holding company of the Nomura Real Estate Group, developing and selling residential housing (detached houses and condominiums), commercial and investment properties, logistics facilities, senior housing, and hotels across Japan. The group also operates real estate asset management services for institutional investors, property management, serviced offices (H1O brand), and is expanding internationally through overseas development (primarily Vietnam) and UK infrastructure investments.

Product overview

Nomura Real Estate Holdings is a Japanese real estate developer and investment company operating a diversified portfolio across multiple segments. The company offers housing sales and property sales as core domestic businesses, while expanding into hotel operations through acquisitions like the Centara Grand Hotel Osaka. Service offerings include serviced offices (H1O brand) and property management. The company is pursuing innovation initiatives including urban air mobility/flying cars (eVTOL) through partnerships like SkyDrive, battery energy storage systems investments, and the Tokyo Bay eSG Project for integrated mobility systems. Internationally, Nomura Real Estate participates in UK infrastructure investments as part of cross-border economic partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• Housing Sales (Residential Development) Development and sale of residential properties including detached houses and condominiums to individual buyers in Japan. This is a primary growth driver for the domestic segment.
• Property Sales (Commercial & Investment) Sale of commercial properties and real estate assets to investors and businesses, including offices, retail facilities, and large-scale mixed-use developments. Contributes to domestic segment growth alongside Housing Sales.
• Real Estate Asset Management Investment management services provided through Nomura Real Estate Asset Management and Nomura Real Estate Investment Advisory, offering investment advisory and asset management to institutional investors, typically earning recurring management fees as a percentage of assets under management plus performance fees.
• Logistics/Business Infrastructure Facilities

Quantifiable outcome

• Record FY2026 operating revenue of JPY 942.5 billion (+24.4% YoY)
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Central Plaza Hotel (Thailand)minorOthers · 1 April 2026Nomura acquired the 515-key Centara Grand Hotel Osaka from Thailand's Central Plaza Hotel for JPY 38.5 billion (approximately JPY 74.8 million per key) as a hotel property acquisition, expanding its hospitality portfolio in Osaka.
• UK Government (as part of UK-Japan Investment Deal)coreStrategic or Co-development Partner · 14 June 2025Nomura Real Estate committed £500 million to UK infrastructure and financial services as part of the UK-Japan Leaders' Joint Declaration on Economic Security Cooperation. The deal was signed in London between UK PM Keir Starmer and Japanese PM Sanae Takaichi. The agreement includes over £9 billion in Japanese inward investment to UK infrastructure and financial services and up to £9 billion for UK offshore wind projects.
• Mitsubishi Estate and Mitsui Fudosan (Consortium)coreStrategic or Co-development Partner · 14 June 2025Nomura Real Estate joined Mitsubishi Estate (£2bn commitment) and Mitsui Fudosan (£3.8bn commitment) as Japanese property firms committing billions to UK projects over five years as part of the UK-Japan investment agreement.
• SkyDrivecoreStrategic or Co-development Partner · 1 January 2025SkyDrive partnered with Nomura Real Estate for Tokyo urban air mobility implementation targeting fiscal 2028. SkyDrive is a Japanese flying car developer working with Nomura Real Estate as the real estate development partner to establish vertiports and urban air mobility infrastructure in Tokyo.
• Tokyo Metropolitan Government (Tokyo Bay eSG Project Consortium)coreStrategic or Co-development PartnerNomura Real Estate served as representative operator of a consortium of seven Japanese companies completing demonstration experiments for the Tokyo Bay eSG Project, focused on next-generation mobility including flying cars (eVTOL). The project ran through March 2026 and informed social implementation of integrated land, sea, and air mobility systems. December 2025 demonstration showed helicopter-simulated eVTOL takeoff and landing at an open-sea floating port.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Tokyu Land Corporation: Tokyo-based diversified real estate developer with residential, commercial, and renewable energy operations. Notably led a JPY 30 billion BESS investment consortium that Nomura also participated in, indicating overlapping infrastructure investment strategies.
• Daiwa House Industry: Largest Japanese homebuilder with significant commercial and logistics real estate operations. Comparable in residential development scale and capital intensity, with similar international expansion efforts in Southeast Asia.
• Mitsubishi Estate: Major Japanese real estate developer specializing in large-scale office buildings, commercial facilities, and residential. Closely comparable business model and also part of the UK-Japan investment consortium (£2B), making it a natural peer for benchmarking.
• Sekisui House: Leading Japanese homebuilder with extensive custom-built detached home and residential development operations. Directly comparable in the Housing Sales segment, which is a primary growth driver for Nomura Real Estate.
• Mori Trust: Tokyo-focused real estate developer with hotel, office, and residential operations including the prestigious Toranomon Hills development. Comparable mid-sized competitor with similar Japanese urban redevelopment focus.
• Daito Trust Construction: Japan's largest apartment leasing management company with integrated construction and property management operations. Comparable business model overlap with Nomura's residential and multifamily operations.
• Mitsui Fudosan: Japan's largest real estate developer operating across residential, commercial, office leasing, and hotels. Directly comparable to Nomura Real Estate Holdings with overlapping product categories, similar Japanese market focus, and parallel UK investment commitments (£3.8B).
• Sumitomo Realty & Development: Diversified Japanese real estate company with operations in condominium development, office leasing, and real estate finance. Comparable scale and product mix to Nomura, with similar residential development focus in major Japanese cities.

Emerging players

• Hongkong Land: Asian investment-grade real estate company with office and luxury residential operations across Asia. Comparable as an Asia-Pacific real estate investment vehicle with international orientation beyond its home market.

Regional players

• Daiwa Securities Real Estate: Japanese real estate asset management and brokerage firm affiliated with Daiwa Securities Group. Comparable in the asset management business segment (Nomura Real Estate Asset Management) though more narrowly focused than Nomura's diversified operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nomura-real-estate-holdings-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nomura Real Estate Holdings