Nomura Real Estate Holdings, Inc. Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

For the second quarter (interim) of the fiscal year ending March 2027, Nomura Real Estate Holdings, Inc. recorded consolidated revenue of 378,470 million yen, operating income of 46,500 million yen, ordinary income of 39,040 million yen, and net income attributable to owners of the parent of 27,325 million yen, all below the same period of the prior year. Second-quarter performance spans multiple segments including Residential, Urban Development, Overseas, Asset Management, Brokerage, CRE, and Property Management, but overall profitability showed weakness. At the period end the company has either maintained or revised its full-year forecasts and will closely monitor market trends and the impact of business investments.

Outlook and Dividends

The consolidated forecasts for the fiscal year ending March 2027 have been revised to revenue of 1,085,000 million yen, operating income of 146,000 million yen, ordinary income of 127,000 million yen, and net income attributable to owners of the parent of 86,000 million yen. As of the end of the second quarter, the dividend policy indicates an interim dividend for the fiscal year ending March 2027 of 22 yen, the same as for the fiscal year ending March 2026, and an expected annual dividend of 44 yen. The company continues its policy of shareholder returns.