Large corporate real estate stock and growing demand for CRE strategies
First written in FY2024. 6 of 10 entries say "Advanced", first in FY2026-H1. Latest entry: 2026-10-21.
0 other companies' latest entry also says "Cited as achieved".
- FY2026-H1AdvancedAnnual report
「Since the Tokyo Stock Exchange published its “Request for Cooperation Regarding Efforts to Realize Management that is Conscious of Cost of Capital and Stock Price” in March 2023, listed companies have become increasingly conscious of capital efficiency. In fact, the number of companies mentioning “improving capital and asset efficiency” in their medium-term management plans (Note 2) has risen sharply from approximately 40% before the TSE request to approximately 85% recently. Activist proposals at general meetings of shareholders of Japanese companies have also increased in recent years, with more cases focusing on companies’ owned real estate. This indicates that the importance of CRE strategies in corporate management is increasing year by year.」
In addition to the market view of approximately ¥524 trillion in corporate real estate stock, the background to CRE demand now includes the increase from approximately 40% to approximately 85% in companies mentioning improvements in capital and asset efficiency, as well as the rise in activist proposals. - FY2025RestatedAnnual report
「The compact CRE market on which we focus is estimated at approximately ¥60 trillion (Note 1), making it a market with substantial room for growth.」
In addition to the ¥524 trillion corporate real estate stock, the company views the compact CRE market for properties valued at ¥2 billion or less as approximately ¥60 trillion. - FY2025-H1RestatedAnnual report
「The total value of real estate held by private companies is estimated at approximately ¥524 trillion, representing a vast stock of assets, and companies that own such real estate have diverse needs relating to their holdings due to factors including their operating and financial conditions.」
The market view of approximately ¥524 trillion in corporate real estate stock and growing demand for CRE strategies has been reiterated. - FY2024First statedAnnual report
「Real estate owned by private corporations is estimated at approximately ¥524 trillion, representing a vast stock of assets, and companies that own such real estate have diverse needs relating to their holdings due to factors including their operating and financial conditions.」
The CRE market is described as approximately ¥524 trillion, comprising approximately ¥128 trillion held by listed companies, approximately ¥49 trillion held by unlisted companies above a certain size and approximately ¥23 trillion held by J-REITs. The proportion of corporations recognizing the need for CRE strategies is said to have increased from approximately 52% in 2010 to approximately 88% in 2023.