At its earnings announcement on 29 October, Nomura Real Estate Holdings raised its current-year ordinary income forecast from the previous forecast and increased its full-year record-high profit forecast. It also released its second-quarter results and outlook for the second half.
Nomura Real Estate Holdings announced its financial results after the close of trading on 29 October. Ordinary income for the cumulative second quarter was ¥39.0 billion, down 23.2% year on year.
At the same time, it raised its full-year ordinary income forecast from ¥125.0 billion to ¥127.0 billion, expanding the profit growth forecast from 0.2% to 1.8%. This added further to its forecast for a record high, which would mark the sixth consecutive fiscal year of record-high profit.
Ordinary income in the July–September quarter, the latest three-month period, was ¥17.3 billion, up 2.8% year on year, while the operating margin on sales declined from 11.6% to 11.2%.
For the second-half outlook, consolidated ordinary income for the October–March period is estimated to reach ¥87.9 billion, up 18.9% year on year.