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

TYO:3231 Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	82,880	74,835	68,164	64,520	55,312
Depreciation & Amortization	29,366	20,888	20,445	20,593	19,089
Loss (Gain) From Sale of Assets	-17,351	-	-5,983	-6,873	-
Asset Writedown & Restructuring Costs	20,073	417	6,537	7,911	568
Loss (Gain) From Sale of Investments	-858	-	-	-	-
Loss (Gain) on Equity Investments	-6,877	-5,008	-1,035	-4,872	-895
Other Operating Activities	14,205	-21,970	-25,835	19,492	-44,388
Change in Accounts Receivable	-5,872	-3,090	13,434	-18,824	-2,690
Change in Inventory	-40,354	-149,959	-10,901	-85,968	1,092
Change in Accounts Payable	-6,446	15,319	12,765	-15,208	20,233
Change in Other Net Operating Assets	-23,860	-65,225	-6,713	-23,580	4,472
Operating Cash Flow	44,906	-133,793	70,878	-42,809	52,793
Operating Cash Flow Growth	-	-	-	-	-

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-69,165	-167,343	-66,013	-44,064	-36,618
Sale of Property, Plant & Equipment	39,147	99	13,888	16,749	237
Cash Acquisitions	-	-20,963	-	-	-89
Investment in Securities	-33,370	-8,018	-32,611	-34,486	-9,920
Other Investing Activities	4,321	-7,139	1,098	-1,095	113
Investing Cash Flow	-59,067	-203,364	-83,638	-62,896	-46,277

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	167,067	-	-	8,500
Long-Term Debt Issued	266,682	284,363	177,040	178,204	71,722
Total Debt Issued	266,682	451,430	177,040	178,204	80,222
Short-Term Debt Repaid	-59,162	-	-8,374	-756	-
Long-Term Debt Repaid	-154,466	-100,738	-98,337	-79,234	-66,157
Total Debt Repaid	-213,628	-100,738	-106,711	-79,990	-66,157
Net Debt Issued (Repaid)	53,054	350,692	70,329	98,214	14,065
Issuance of Common Stock	1,605	673	1,330	1,027	915
Repurchase of Common Stock	-8,197	-5,143	-7,860	-14,379	-8,982
Common Dividends Paid	-30,990	-27,680	-23,068	-19,838	-15,515
Other Financing Activities	171	-83	-810	651	-102
Financing Cash Flow	15,643	318,459	39,921	65,675	-9,619

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	81	782	-1,119	6	273
Miscellaneous Cash Flow Adjustments	-615	-1	-1	1	-1
Net Cash Flow	948	-17,917	26,041	-40,023	-2,831

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-24,259	-301,136	4,865	-86,873	16,175
Free Cash Flow Growth	-	-	-	-	-
Free Cash Flow Margin	-2.57%	-39.75%	0.66%	-13.27%	2.51%
Free Cash Flow Per Share	-28.30	-348.86	5.59	-98.12	17.95
Levered Free Cash Flow	-108,876	-246,655	16,228	-114,470	20,153
Unlevered Free Cash Flow	-97,091	-236,748	25,037	-108,082	25,669

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	19,443	15,355	11,992	9,484	8,386
Cash Income Tax Paid	37,718	25,630	28,860	-6,348	70,828
Change in Working Capital	-76,532	-202,955	8,585	-143,580	23,107

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 30, 2026

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