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Nomura Real Estate Holdings (JP:3231)
:3231
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
88.27Last Year’s EPS
59.05Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: 2.76%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a strong performance in domestic operations, particularly in residential and commercial real estate. Challenges were noted in net income and overseas operations, specifically due to extraordinary losses and market conditions in the U.K. However, shareholder returns and strategic asset management were positive aspects.Company Guidance
During the Nomura Real Estate Holdings earnings call for the second quarter of fiscal year 2024, several key metrics and guidance were highlighted. The company reported consolidated operating revenue of JPY 368.3 billion, with a business profit of JPY 61.4 billion, marking a 17.2% increase from the previous year, mainly due to strong performance in residential and commercial real estate development. Despite this, net income decreased by 2.7% to JPY 32.9 billion, attributed to extraordinary losses, including impairment losses from their U.K. subsidiary, Lothbury. The company maintained its full-year forecast, with expectations of continued strong sales in housing and property development. Shareholder returns were emphasized, with a planned dividend of JPY 130 per share and a total return ratio of 45.5%. The call also discussed strategic land acquisitions worth JPY 183 billion and a land bank of approximately JPY 1.8 trillion, positioning the company for mid- to long-term growth, while overseas business units are in an expansion phase with investments totaling JPY 610 billion.Record Operating Revenue
Operating revenue for the second quarter was JPY 368.3 billion, indicating strong performance in the Residential and Commercial Real Estate business units.
Increase in Business Profit
Business profit increased by JPY 8.9 billion, a 17.2% rise compared to the same period last year, driven by higher income in residential and commercial real estate development.
Consistent Shareholder Returns
Plan to raise full year dividend to JPY 130 per share for the 12th consecutive year and acquire treasury shares up to JPY 7 billion, resulting in a total return ratio of 45.5%.
Strong Residential Development Performance
Improved gross profit ratio in housing sales and higher rental housing sales with a total of JPY 16.8 billion in sales.
Strategic Asset Replacement
Commercial Real Estate Business Unit saw overall operating revenue and business profit improvement despite a decrease in office rental revenue.
Improved Vacancy Rate
Vacancy rate of leased assets averaged 4.0%, a 0.5 percentage point improvement from the previous quarter.
Property Brokerage & CRE Division Growth
Operating revenue increased due to higher brokerage transaction volume in both retail and wholesale sectors.
Property & Facility Management Expansion
Sales increased due to a higher number of housing units under management and an increase in sales of construction work on order.
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JP:3231 Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
| Jul 26, 2018 | 2018 (Q1) | 70.162 | -18.67% (-13.10) | ― | ― | ||
| Oct 29, 2018 | 2018 (Q2) | 77.022 | -46.96% (-36.17) | ― | ― | ||
| Jan 31, 2019 | 2018 (Q3) | 53.323 | 5.56% (+2.96) | ― | ― | ||
| Apr 25, 2019 | 2018 (Q4) | 141.103 | 37.46% (+52.86) | ― | ― | ||
| Jul 30, 2019 | 2019 (Q1) | 57.065 | -59.84% (-34.15) | ― | ― | ||
| Oct 28, 2019 | 2019 (Q2) | 40.85 | 84.35% (+34.46) | ― | ― | ||
| Jan 30, 2020 | 2019 (Q3) | 56.285 | -69.25% (-38.98) | ― | ― | ||
| May 01, 2020 | 2019 (Q4) | 193.958 | 38.83% (+75.31) | ― | ― | ||
| Jul 29, 2020 | 2020 (Q1) | 16.15 | 201.36% (+32.52) | ― | ― | ||
| Oct 27, 2020 | 2020 (Q2) | 51.71 | -65.98% (-34.12) | ― | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JP:3231 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | ¥3762.00 | ¥3750.00 | -0.32% |
| Jul 25, 2024 | ¥4048.81 | ¥3940.07 | -2.69% |
| Apr 25, 2024 | ¥4113.47 | ¥4043.91 | -1.69% |
| Jan 31, 2024 | ¥3816.65 | ¥3909.03 | +2.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nomura Real Estate Holdings (JP:3231) report earnings?
Nomura Real Estate Holdings (JP:3231) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Nomura Real Estate Holdings (JP:3231) earnings time?
Nomura Real Estate Holdings (JP:3231) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Nomura Real Estate Holdings stock?
The P/E ratio of Nomura Real Estate Holdings is N/A.
What is JP:3231 EPS forecast?
JP:3231 EPS forecast for the fiscal quarter 2024 (Q3) is 88.27.
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