Nomura Real Estate Master Fund, Inc. (TYO:3462)

TYO:3462 Income Statement

Financials in millions JPY. Fiscal year is September - August.

Fiscal Year	FY 2025	FY	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2025	Mar 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022
Rental Revenue	80,229	-	78,622	77,287	75,623
Gain (Loss) on Sale of Assets (Rev)	6,599	-	5,835	6,345	920.82
Other Revenue	-	-	0	0	0
Total Revenue	86,828	-	84,457	83,632	76,543
Revenue Growth (YoY	-	-	0.99%	9.26%	1.27%
Property Expenses	43,265	-	42,693	41,940	39,885
Selling, General & Administrative	336.71	-	351.76	347.3	344.46
Other Operating Expenses	1,083	-	1,054	1,055	891.39
Total Operating Expenses	49,929	-	49,343	48,586	46,366
Operating Income	36,899	-	35,114	35,045	30,178
Interest Expense	-4,878	-	-4,457	-4,372	-4,407
Interest & Investment Income	75.01	-	10.22	9.62	6.61
Other Non-Operating Income	-9.36	-	-18.35	-3.03	-5.03
EBT Excluding Unusual Items	32,086	-	30,648	30,680	25,773
Other Unusual Items	4.99	-	-	17.91	109.13
Pretax Income	32,091	-	30,648	30,698	25,882
Income Tax Expense	1.21	-	1.21	2.56	4.85
Net Income	32,090	-	30,647	30,695	25,877
Net Income to Common	32,090	-	30,647	30,695	25,877
Net Income Growth	-	-	-0.16%	18.62%	1.67%
Basic Shares Outstanding	5	-	5	5	5
Diluted Shares Outstanding	5	-	5	5	5
Shares Change (YoY)	-	-	-0.10%	-	-
EPS (Basic)	6900.24	-	6506.40	6509.89	5487.96
EPS (Diluted)	6900.24	-	6506.40	6509.89	5487.96
EPS Growth	-	-	-0.05%	18.62%	1.67%
Dividend Per Share	6995.000	-	6353.000	6714.000	6544.000
Dividend Growth	-	-	-5.38%	2.60%	-1.12%
Operating Margin	42.50%	-	41.58%	41.91%	39.43%
Profit Margin	36.96%	-	36.29%	36.70%	33.81%
EBITDA	53,733	-	51,896	51,745	46,771
EBITDA Margin	61.88%	-	61.45%	61.87%	61.10%
D&A For Ebitda	16,834	-	16,783	16,699	16,594
EBIT	36,899	-	35,114	35,045	30,178
EBIT Margin	42.50%	-	41.58%	41.91%	39.43%
Effective Tax Rate	0.00%	-	0.00%	0.01%	0.02%
Revenue as Reported	86,828	-	84,457	83,632	76,543

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.