Nomura Real Estate Holdings, Inc. (TYO:3231)

TYO:3231 Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	774,044	757,638	734,715	654,735	645,049	580,660
Revenue Growth (YoY)	3.52%	3.12%	12.22%	1.50%	11.09%	-14.17%
Cost of Revenue	511,903	491,037	490,250	432,073	439,737	397,602
Gross Profit	262,141	266,601	244,465	222,662	205,312	183,058
Selling, General & Admin	154,354	147,630	132,347	123,061	114,088	106,685
Research & Development	-	-	-	-	-	34
Operating Expenses	154,354	147,643	132,349	123,064	114,101	106,724
Operating Income	107,787	118,958	112,116	99,598	91,211	76,334
Interest Expense	-16,456	-15,851	-14,093	-10,221	-8,825	-9,015
Interest & Investment Income	365	332	214	165	167	158
Earnings From Equity Investments	7,647	5,008	1,035	4,872	895	-510
Other Non Operating Income (Expenses)	-1,421	-1,709	-1,025	-295	-892	-1,101
EBT Excluding Unusual Items	97,922	106,738	98,247	94,119	82,556	65,866
Gain (Loss) on Sale of Assets	-	-	5,983	6,873	-	96
Asset Writedown	-6,425	-417	-6,537	-7,911	-568	-1,285
Other Unusual Items	-1,923	-2,033	-1,041	-4,993	-936	-1,858
Pretax Income	89,574	104,288	96,652	88,088	81,052	62,819
Income Tax Expense	25,782	29,337	28,469	23,388	25,672	20,593
Earnings From Continuing Operations	63,792	74,951	68,183	64,700	55,380	42,226
Minority Interest in Earnings	-113	-116	-19	-180	-68	-28
Net Income	63,679	74,835	68,164	64,520	55,312	42,198
Net Income to Common	63,679	74,835	68,164	64,520	55,312	42,198
Net Income Growth	-18.07%	9.79%	5.65%	16.65%	31.08%	-13.68%
Shares Outstanding (Basic)	860	862	869	883	898	907
Shares Outstanding (Diluted)	861	863	870	885	901	911
Shares Change (YoY)	-0.74%	-0.83%	-1.70%	-1.75%	-1.03%	-0.96%
EPS (Basic)	74.03	86.77	78.46	73.05	61.56	46.50
EPS (Diluted)	73.99	86.69	78.31	72.87	61.38	46.35
EPS Growth	-17.46%	10.70%	7.47%	18.72%	32.43%	-12.84%
Free Cash Flow	-299,692	-301,136	4,865	-86,873	16,175	-109,169
Free Cash Flow Per Share	-348.26	-348.86	5.59	-98.12	17.95	-119.90
Dividend Per Share	35.500	34.000	28.000	24.000	19.500	16.500
Dividend Growth	12.70%	21.43%	16.67%	23.08%	18.18%	3.13%
Gross Margin	33.87%	35.19%	33.27%	34.01%	31.83%	31.53%
Operating Margin	13.93%	15.70%	15.26%	15.21%	14.14%	13.15%
Profit Margin	8.23%	9.88%	9.28%	9.85%	8.58%	7.27%
Free Cash Flow Margin	-38.72%	-39.75%	0.66%	-13.27%	2.51%	-18.80%
EBITDA	133,227	139,846	132,561	120,191	110,300	96,355
EBITDA Margin	17.21%	18.46%	18.04%	18.36%	17.10%	16.59%
D&A For EBITDA	25,440	20,888	20,445	20,593	19,089	20,021
EBIT	107,787	118,958	112,116	99,598	91,211	76,334
EBIT Margin	13.93%	15.70%	15.26%	15.21%	14.14%	13.15%
Effective Tax Rate	28.78%	28.13%	29.45%	26.55%	31.67%	32.78%
Advertising Expenses	-	16,346	16,789	17,345	15,836	15,460

Source: S&P Global Market Intelligence. Standard template. Financial Sources.