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Japanese (NIKKEI) Real Estate Industry Analysis

UpdatedMar 04, 2026
DataAggregated Company Financials
Companies108
  • 7D-0.8%
  • 3M20.2%
  • 1Y51.9%
  • YTD17.1%

In the last week, the Real Estate industry is up 3.0%, with Sumitomo Realty & Development up 0.7%. This takes the industry's 12 month performance to a gain of 60%. As for the next few years, earnings are expected to grow by 5.3% per annum.

Industry Valuation and Performance

Has the Japanese Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026JP¥29.3tJP¥20.7tJP¥1.8t12.5x16x1.4x
Sat, 31 Jan 2026JP¥25.9tJP¥20.2tJP¥1.7t12.2x14.9x1.3x
Mon, 29 Dec 2025JP¥25.3tJP¥20.1tJP¥1.7t11.8x14.5x1.3x
Wed, 26 Nov 2025JP¥24.5tJP¥20.1tJP¥1.7t11.5x14.1x1.2x
Fri, 24 Oct 2025JP¥23.7tJP¥19.8tJP¥1.7t11.5x13.9x1.2x
Sun, 21 Sep 2025JP¥23.7tJP¥19.8tJP¥1.7t11.7x13.9x1.2x
Tue, 19 Aug 2025JP¥22.9tJP¥19.8tJP¥1.7t11.4x13.4x1.2x
Thu, 17 Jul 2025JP¥20.1tJP¥19.5tJP¥1.7t10.6x11.9x1x
Sat, 14 Jun 2025JP¥21.0tJP¥19.9tJP¥1.7t10.9x12.4x1.1x
Mon, 12 May 2025JP¥21.4tJP¥19.9tJP¥1.7t10.7x12.7x1.1x
Wed, 09 Apr 2025JP¥19.7tJP¥19.6tJP¥1.6t9.7x12.2x1x
Fri, 07 Mar 2025JP¥20.3tJP¥19.7tJP¥1.6t10.2x12.5x1x
Sun, 02 Feb 2025JP¥20.6tJP¥19.7tJP¥1.5t10.3x13.4x1x
Tue, 31 Dec 2024JP¥19.9tJP¥19.5tJP¥1.5t11.5x13.3x1x
Thu, 28 Nov 2024JP¥19.3tJP¥19.4tJP¥1.5t11.4x12.9x1x
Sat, 26 Oct 2024JP¥19.4tJP¥19.3tJP¥1.6t10.9x12.4x1x
Mon, 23 Sep 2024JP¥20.0tJP¥19.3tJP¥1.6t11.6x12.7x1x
Wed, 21 Aug 2024JP¥20.4tJP¥19.3tJP¥1.6t11.7x13.1x1.1x
Fri, 19 Jul 2024JP¥21.4tJP¥18.9tJP¥1.5t13.1x14.4x1.1x
Sun, 16 Jun 2024JP¥20.5tJP¥18.8tJP¥1.5t12x13.8x1.1x
Tue, 14 May 2024JP¥21.2tJP¥18.8tJP¥1.5t11.6x14.4x1.1x
Thu, 11 Apr 2024JP¥22.0tJP¥18.6tJP¥1.5t12.4x14.5x1.2x
Sat, 09 Mar 2024JP¥19.9tJP¥18.6tJP¥1.5t12.2x13.2x1.1x
Mon, 05 Feb 2024JP¥19.0tJP¥18.6tJP¥1.5t11.8x12.6x1x
Wed, 03 Jan 2024JP¥18.0tJP¥18.4tJP¥1.5t10.5x12x1x
Fri, 01 Dec 2023JP¥17.9tJP¥18.4tJP¥1.5t10.7x12x1x
Sun, 29 Oct 2023JP¥17.0tJP¥18.2tJP¥1.4t10.5x11.8x0.9x
Tue, 26 Sep 2023JP¥17.8tJP¥18.1tJP¥1.4t11.3x12.4x1x
Thu, 24 Aug 2023JP¥16.6tJP¥18.1tJP¥1.4t10.5x11.6x0.9x
Sat, 22 Jul 2023JP¥16.0tJP¥17.9tJP¥1.4t10.5x11.3x0.9x
Mon, 19 Jun 2023JP¥16.2tJP¥17.9tJP¥1.4t10.5x11.5x0.9x
Wed, 17 May 2023JP¥15.2tJP¥17.9tJP¥1.4t9.9x10.9x0.9x
Fri, 14 Apr 2023JP¥14.3tJP¥17.6tJP¥1.3t9.4x11x0.8x
Sun, 12 Mar 2023JP¥14.7tJP¥17.6tJP¥1.3t9.5x11.4x0.8x
Price to Earnings Ratio

11.4x


Total Market Cap: JP¥14.7tTotal Earnings: JP¥1.3tTotal Revenue: JP¥17.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Real Estate Industry Price to Earnings3Y Average 12.9x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.7x which is higher than its 3-year average PE of 12.9x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 5.6% 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 industry?

JP Market-1.21%
Real Estate-1.23%
Real Estate-0.76%
Real Estate Services0.28%
Diversified Real Estate-0.61%
Real Estate Development-1.29%
Real Estate Operating Companies-2.37%
Industry PE
  • Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio of 12.7x.
    • Analysts are expecting annual earnings growth of 4.6%, which is lower than the prior year's growth of 21.6% per year.
  • Investors are most pessimistic about the Real Estate Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.3x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 29% per year.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings grow by 4.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
8914 ArealinkJP¥1.26k3.3%
+JP¥2.0b		21.2%PE17.3x
3496 AzoomLtdJP¥4.50k3.4%
+JP¥1.8b		34.3%PE28.5x
8918 LANDJP¥10.0011.1%
+JP¥1.5b		25.0%PE699x
8944 Land BusinessLtdJP¥325.0019.9%
+JP¥1.1b		69.3%PS0.4x
8876 Relo GroupJP¥1.89k0.4%
+JP¥1.1b		-3.2%PE13.8x

Latest News

8804
JP¥3,987.00
Tokyo Tatemono
7D
-6.5%
1Y
61.7%
3003
JP¥1,951.50
Hulic
7D
-5.2%
1Y
38.6%
3260
JP¥648.00
ESPOIRLtd
7D
2.9%
1Y
-44.9%
8801
JP¥1,952.50
Mitsui Fudosan
7D
-6.8%
1Y
46.1%

8801: Buybacks And Residential Venture Will Support Balanced Returns Into 2026

Analysts have raised their price target on Mitsui Fudosan from ¥2,037.50 to ¥2,123.64, reflecting updated views on fair value, discount rate, profit margins, and expected future P/E levels. What's in the News Mahindra Lifespace Developers and Mitsui Fudosan Group formed a joint venture for Mahindra Blossom, a premium high rise residential project in Whitefield, Bengaluru.
2337
JP¥434.00
Ichigo
7D
0.9%
1Y
16.7%

2337: Future Outlook Will Balance Expanded Share Buybacks With Stable Power Generation

Analysts have modestly fine tuned their price target on Ichigo, keeping fair value around ¥420. They have adjusted assumptions on the discount rate, revenue growth, profit margin, and future P/E to reflect updated views on the company’s risk profile and earnings potential.
8918
JP¥10.00
LAND
7D
11.1%
1Y
25.0%
3231
JP¥1,081.50
Nomura Real Estate Holdings
7D
-5.3%
1Y
25.1%

3231: Higher Dividend Guidance And Steady Earnings Will Support Balanced Return Profile

Analysts have kept their price target for Nomura Real Estate Holdings broadly steady at ¥1,114.4, with only minor model tweaks to the discount rate, revenue growth, profit margin and forward P/E assumptions driving this update. What's in the News Board meeting scheduled for January 28, 2026 to review and approve a revision to the forecast for the fiscal year end dividend, signaling potential changes to shareholder payouts (Key Developments).
8944
JP¥325.00
Land BusinessLtd
7D
19.9%
1Y
69.3%
8945
JP¥1,185.00
SUNNEXTA GROUP
7D
2.0%
1Y
18.6%
1925
JP¥5,374.00
Daiwa House Industry
7D
-3.7%
1Y
7.0%
8876
JP¥1,887.00
Relo Group
7D
0.4%
1Y
-3.2%
8914
JP¥1,262.00
Arealink
7D
3.3%
1Y
21.2%
8802
JP¥4,851.00
Mitsubishi Estate
7D
-7.1%
1Y
114.5%

Mitsubishi Estate Co., Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Feb 12
Mitsubishi Estate Co., Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
3289
JP¥1,423.50
Tokyu Fudosan Holdings
7D
-8.8%
1Y
42.4%

Tokyu Fudosan Holdings Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Feb 10
Tokyu Fudosan Holdings Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
8830
JP¥4,834.00
Sumitomo Realty & Development
7D
-7.1%
1Y
83.1%
3496
JP¥4,500.00
AzoomLtd
7D
3.4%
1Y
34.3%