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Japanese (NIKKEI) Real Estate Sector Analysis
UpdatedMar 26, 2026
DataAggregated Company Financials
Companies166
- 7D-3.8%
- 3M1.9%
- 1Y22.7%
- YTD2.7%
Over the last 7 days, the Real Estate industry has dropped 3.8%, driven by pullbacks in Mitsui Fudosan and Mitsubishi Estate of 6.8% and 5.6%, respectively. Meanwhile, J.S.B.Co.Ltd actually outperformed within the industry, gaining 34% in the last week. This takes the industry's 12 month performance to a gain of 23%. As for the next few years, earnings are expected to grow by 3.7% per annum.
Sector Valuation and Performance
Has the Japanese Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Mar 2026 | JP¥43.7t | JP¥22.3t | JP¥2.6t | 16.1x | 17x | 2x |
| Sat, 21 Feb 2026 | JP¥47.1t | JP¥22.3t | JP¥2.6t | 17.3x | 18.3x | 2.1x |
| Mon, 19 Jan 2026 | JP¥44.4t | JP¥21.8t | JP¥2.5t | 18.4x | 17.9x | 2x |
| Wed, 17 Dec 2025 | JP¥42.4t | JP¥21.8t | JP¥2.5t | 17.4x | 17.1x | 1.9x |
| Fri, 14 Nov 2025 | JP¥41.1t | JP¥21.7t | JP¥2.5t | 17x | 16.6x | 1.9x |
| Sun, 12 Oct 2025 | JP¥39.6t | JP¥21.4t | JP¥2.4t | 17.7x | 16.2x | 1.8x |
| Tue, 09 Sep 2025 | JP¥40.1t | JP¥21.4t | JP¥2.4t | 17.7x | 16.5x | 1.9x |
| Thu, 07 Aug 2025 | JP¥38.2t | JP¥21.4t | JP¥2.5t | 17.8x | 15.5x | 1.8x |
| Sat, 05 Jul 2025 | JP¥35.7t | JP¥21.1t | JP¥2.4t | 17x | 14.9x | 1.7x |
| Mon, 02 Jun 2025 | JP¥36.1t | JP¥21.5t | JP¥2.4t | 17.1x | 15x | 1.7x |
| Wed, 30 Apr 2025 | JP¥35.6t | JP¥21.2t | JP¥2.3t | 16.6x | 15.4x | 1.7x |
| Fri, 28 Mar 2025 | JP¥36.3t | JP¥21.1t | JP¥2.3t | 17.1x | 15.7x | 1.7x |
| Sun, 23 Feb 2025 | JP¥34.2t | JP¥21.3t | JP¥2.3t | 17.3x | 14.7x | 1.6x |
| Tue, 21 Jan 2025 | JP¥33.7t | JP¥21.1t | JP¥2.2t | 16.5x | 15.3x | 1.6x |
| Thu, 19 Dec 2024 | JP¥33.4t | JP¥21.0t | JP¥2.2t | 16.6x | 15.3x | 1.6x |
| Sat, 16 Nov 2024 | JP¥33.7t | JP¥20.9t | JP¥2.2t | 16.9x | 15.5x | 1.6x |
| Mon, 14 Oct 2024 | JP¥34.7t | JP¥20.8t | JP¥2.2t | 17.4x | 15.4x | 1.7x |
| Wed, 11 Sep 2024 | JP¥35.2t | JP¥20.8t | JP¥2.2t | 17.7x | 15.8x | 1.7x |
| Fri, 09 Aug 2024 | JP¥34.1t | JP¥20.6t | JP¥2.2t | 17.8x | 15.8x | 1.7x |
| Sun, 07 Jul 2024 | JP¥35.4t | JP¥20.4t | JP¥2.1t | 19x | 16.5x | 1.7x |
| Tue, 04 Jun 2024 | JP¥35.3t | JP¥20.4t | JP¥2.1t | 18.4x | 16.6x | 1.7x |
| Thu, 02 May 2024 | JP¥37.1t | JP¥20.1t | JP¥2.2t | 19.6x | 17.2x | 1.9x |
| Sat, 30 Mar 2024 | JP¥37.6t | JP¥20.1t | JP¥2.1t | 19.6x | 17.5x | 1.9x |
| Mon, 26 Feb 2024 | JP¥34.0t | JP¥20.1t | JP¥2.1t | 18.8x | 15.9x | 1.7x |
| Wed, 24 Jan 2024 | JP¥35.3t | JP¥19.9t | JP¥2.1t | 18.2x | 16.5x | 1.8x |
| Fri, 22 Dec 2023 | JP¥33.4t | JP¥20.0t | JP¥2.1t | 17.8x | 15.6x | 1.7x |
| Sun, 19 Nov 2023 | JP¥34.0t | JP¥20.0t | JP¥2.1t | 17.1x | 16x | 1.7x |
| Tue, 17 Oct 2023 | JP¥33.1t | JP¥19.6t | JP¥2.1t | 17.7x | 16x | 1.7x |
| Thu, 14 Sep 2023 | JP¥33.4t | JP¥19.6t | JP¥2.1t | 18x | 16.2x | 1.7x |
| Sat, 12 Aug 2023 | JP¥32.7t | JP¥19.6t | JP¥2.1t | 16.9x | 15.5x | 1.7x |
| Mon, 10 Jul 2023 | JP¥31.6t | JP¥19.4t | JP¥2.0t | 16.1x | 15.6x | 1.6x |
| Wed, 07 Jun 2023 | JP¥31.8t | JP¥19.3t | JP¥2.0t | 16.2x | 15.7x | 1.6x |
| Fri, 05 May 2023 | JP¥30.6t | JP¥19.0t | JP¥1.9t | 15.9x | 16x | 1.6x |
| Sun, 02 Apr 2023 | JP¥29.3t | JP¥19.0t | JP¥1.9t | 16.1x | 15.3x | 1.5x |
Price to Earnings Ratio
15.3x
Current Industry PE
- Investors are relatively neutral on the Japanese Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 16.0x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 10% per year over the last three years.
- Revenues for these companies have grown 5.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Japanese Real Estate sector?
| JP Market | -1.93% | |
| Real Estate | -3.80% | |
| Health Care REITs | -2.01% | |
| REITS | -2.11% | |
| Industrial REITs | -2.15% | |
| Residential REITs | -2.28% | |
| Hotel and Resort REITs | -2.73% | |
| Retail REITs | -3.29% | |
| Office REITs | -4.27% | |
| Real Estate | -4.36% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry, which is trading close to its 3-year average PE ratio of 26.5x.
- Analysts are expecting annual earnings growth of 4.9%, which is higher than its past year's earnings growth of 1.0% per year.
- Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.0x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 5.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 22% per year.
- In contrast, the Office REITs industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3480 J.S.B.Co.Ltd | JP¥4.60k | 34.1% +JP¥24.7b | 41.8% | PE16.1x | |
| 6620 Miyakoshi Holdings | JP¥750.00 | 17.2% +JP¥4.4b | -42.9% | PS50.2x | |
| 3475 Good Com Asset | JP¥1.59k | 4.9% +JP¥2.1b | 93.7% | PE36.4x | |
| 8918 LAND | JP¥10.00 | 11.1% +JP¥1.5b | 25.0% | PE699x | |
| 8844 Cosmos Initia | JP¥1.19k | 1.9% +JP¥745.7m | 13.1% | PE7.3x |