Nomura Real Estate : Consolidated Financial Results for the First Nine Months from April 1 to December 31, 2016 【PDF 158KB】

For Immediate Release

January 31, 2017 Nomura Real Estate Holdings, Inc (Stock code: 3231, TSE First Section)

Consolidated Financial Results for the First Nine Months from April 1 to December 31, 2016

Nomura Real Estate Holdings, Inc. (Head office: Shinjuku-ku, Tokyo, President: Eiji Kutsukake) today announced the consolidated financial results for the third quarter of the fiscal year ending March 31, 2017 (from April 1 to December 31, 2016). For the details, please refer to the "Consolidated Financial Results for the First Nine Months from April 1 to December 31, 2016" as well.

• Consolidated Financial Results for 3Q of FY ending March 31, 2017

  The consolidated financial results for 3Q of FY ending March 31, 2017 was as follows:

  Operating revenue of 368.9 billion yen (down 3.1% YoY); operating income of 49.1 billion yen (down 7.4%); ordinary income of 42.9 billion yen (down 8.8%); and profit attributable to owners of parent of 29.1 billion yen (up 2.7%). This was mainly due to a decrease of the number of housing units sold in housing sales.

• Residential Development Unit

  In the housing sales business, although the number of condominiums and detached houses recorded was 3,074 units (711 units decrease YoY) which resulted in a decrease compared to the previous third quarter, prices of housing unit recorded and gross margin ratio rose by posting the large-scale development properties, etc. Moreover, the contract progress rate for the planned 5,650 units of this consolidated fiscal year was 90.1% as of the end of the current third quarter.

• Leasing Unit

  In the leasing business, tenant leasing made a satisfactory progress, and the vacancy rate as of the end of the third quarter improved to 1.0% (down 1.2 points from the previous third quarter).

• Service Management Sector

  All Units in the Service Management Sector, which are the Investment Management Unit, the Property Brokerage & CRE Unit, and the Property & Facility Management Unit made a steady progress, especially the Property Brokerage & CRE Unit marked the highest figure ever as the third quarter in both the number of transaction and transaction value.

• Financial Result Forecasts for FY ending March 31, 2017

No change in the consolidated operating result forecast which was announced in October, 2016. (References)

Consolidated Financial Results for the First Nine Months from April 1 to December 31, 2016

December-2016 Fact Sheets (for the 3rd Quarter of Fiscal Year Ending March 31, 2017)

Contact Information

Nomura Real Estate Holdings, Inc.

Corporate Communications Dept.（Naoko Usami, Kensuke Ueha） Email: [e-mail]

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