Nomura real estate sees profit dip despite revenue growth, eyes demolition costs

Nomura Real Estate Holdings announced H1 2026 consolidated operating revenue of JPY 397,749 million, up 4.3% year-on-year. However, operating profit decreased by 16.3% to JPY 57,194 million, and profit attributable to owners of parent fell 26.2% to JPY 31,358 million. Basic earnings per share for the period were JPY 36.48.

The company plans an annual dividend of JPY 36.00 per share for the fiscal year ending March 31, 2026, comprising an interim dividend of JPY 18.00 and a year-end forecast of JPY 18.00, post a five-for-one stock split effective April 1, 2025. Total assets increased by 3.3% to JPY 2,775,077 million.

A significant subsequent event involves the demolition of Hamamatsucho Building and Toshiba Hamamatsucho Building in October 2025. This is expected to result in extraordinary losses of JPY 13,993 million for building reconstruction in Q3 2026.