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Japanese (NIKKEI) Real Estate Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies108
  • 7D-2.6%
  • 3M3.3%
  • 1Y30.6%
  • YTD3.3%

Over the last 7 days, the Real Estate industry has dropped 2.6%, driven by pullbacks in Mitsui Fudosan and Mitsubishi Estate of 4.8% and 3.5%, respectively. In contrast, Daito Trust ConstructionLtd has gained 5.2%. This takes the industry's 12 month performance to a gain of 31%. As for the next few years, earnings are expected to grow by 5.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026JP¥25.9tJP¥20.7tJP¥1.8t12.2x14.1x1.3x
Fri, 27 Feb 2026JP¥30.4tJP¥20.7tJP¥1.8t12.7x16.6x1.5x
Sun, 25 Jan 2026JP¥26.0tJP¥20.2tJP¥1.7t12.4x14.9x1.3x
Tue, 23 Dec 2025JP¥25.1tJP¥20.1tJP¥1.7t11.3x14.4x1.2x
Thu, 20 Nov 2025JP¥23.6tJP¥20.1tJP¥1.7t11.3x13.5x1.2x
Sat, 18 Oct 2025JP¥22.9tJP¥19.8tJP¥1.7t11.1x13.4x1.2x
Mon, 15 Sep 2025JP¥23.8tJP¥19.8tJP¥1.7t11.6x14x1.2x
Wed, 13 Aug 2025JP¥22.8tJP¥19.8tJP¥1.7t11.4x13.4x1.2x
Fri, 11 Jul 2025JP¥20.4tJP¥19.5tJP¥1.7t10.8x12.1x1x
Sun, 08 Jun 2025JP¥20.9tJP¥19.9tJP¥1.7t10.5x12.4x1.1x
Tue, 06 May 2025JP¥21.2tJP¥19.6tJP¥1.6t10.5x13.2x1.1x
Thu, 03 Apr 2025JP¥20.3tJP¥19.6tJP¥1.6t10.4x12.6x1x
Sat, 01 Mar 2025JP¥19.9tJP¥19.7tJP¥1.6t9.9x12.3x1x
Mon, 27 Jan 2025JP¥19.8tJP¥19.5tJP¥1.5t10.4x13.1x1x
Wed, 25 Dec 2024JP¥19.6tJP¥19.5tJP¥1.5t11x13x1x
Fri, 22 Nov 2024JP¥19.2tJP¥19.3tJP¥1.5t12x12.8x1x
Sun, 20 Oct 2024JP¥19.9tJP¥19.3tJP¥1.6t11.2x12.7x1x
Tue, 17 Sep 2024JP¥19.7tJP¥19.2tJP¥1.6t11x12.6x1x
Thu, 15 Aug 2024JP¥20.0tJP¥19.2tJP¥1.5t11.4x13x1x
Sat, 13 Jul 2024JP¥21.2tJP¥18.9tJP¥1.5t12.9x14.3x1.1x
Mon, 10 Jun 2024JP¥20.7tJP¥18.9tJP¥1.5t11.8x13.9x1.1x
Wed, 08 May 2024JP¥21.9tJP¥18.6tJP¥1.5t12.7x14.4x1.2x
Fri, 05 Apr 2024JP¥21.6tJP¥18.6tJP¥1.5t12.6x14.3x1.2x
Sun, 03 Mar 2024JP¥19.7tJP¥18.6tJP¥1.5t12.4x13.1x1.1x
Tue, 30 Jan 2024JP¥18.9tJP¥18.4tJP¥1.5t11.8x12.6x1x
Thu, 28 Dec 2023JP¥18.0tJP¥18.4tJP¥1.5t10.5x12x1x
Sat, 25 Nov 2023JP¥18.0tJP¥18.4tJP¥1.5t10.8x12x1x
Mon, 23 Oct 2023JP¥17.1tJP¥18.1tJP¥1.4t10.6x11.9x0.9x
Wed, 20 Sep 2023JP¥18.2tJP¥18.1tJP¥1.4t11.2x12.7x1x
Fri, 18 Aug 2023JP¥16.4tJP¥18.1tJP¥1.4t10.3x11.5x0.9x
Sun, 16 Jul 2023JP¥15.7tJP¥17.9tJP¥1.4t10.4x11.2x0.9x
Tue, 13 Jun 2023JP¥15.8tJP¥17.9tJP¥1.4t10.1x11.3x0.9x
Thu, 11 May 2023JP¥15.0tJP¥17.6tJP¥1.3t10x11.6x0.9x
Sat, 08 Apr 2023JP¥14.0tJP¥17.6tJP¥1.3t9.2x10.8x0.8x
Price to Earnings Ratio

10.8x


Total Market Cap: JP¥14.0tTotal Earnings: JP¥1.3tTotal Revenue: JP¥17.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Real Estate Industry Price to Earnings3Y Average 13x202420252026
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 13.0x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
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 5.5% 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 industry?

JP Market-1.74%
Real Estate-2.89%
Real Estate-2.61%
Real Estate Development-1.22%
Real Estate Operating Companies-1.25%
Real Estate Services-2.37%
Diversified Real Estate-2.81%
Industry PE
  • Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio of 12.8x.
    • Analysts are expecting annual earnings growth of 4.9%, which is lower than the prior year's growth of 22.1% 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 6.2x.
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 26% per year.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings grow by 4.9% 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
1878 Daito Trust ConstructionLtdJP¥3.69k3.3%
+JP¥38.4b		21.6%PE12.9x
3480 J.S.B.Co.LtdJP¥5.18k12.6%
+JP¥12.2b		62.4%PE18.1x
3003 HulicJP¥1.87k0.4%
+JP¥5.3b		32.0%PE12.4x
2980 SRE HoldingsJP¥3.03k11.8%
+JP¥5.1b		1.3%PE19.9x
3498 Kasumigaseki CapitalLtdJP¥6.68k3.1%
+JP¥4.9b		3.7%PE15.9x

Latest News

8802
JP¥4,483.00
Mitsubishi Estate
7D
-1.7%
1Y
84.6%
8804
JP¥3,705.00
Tokyo Tatemono
7D
-1.3%
1Y
48.5%
8801
JP¥1,708.50
Mitsui Fudosan
7D
-2.5%
1Y
27.7%

8801: Share Buybacks Will Support Future Upside For Residential Expansion

Analysts reaffirmed Mitsui Fudosan's price target at ¥2,210, with only marginal tweaks to inputs such as the discount rate and assumed future P/E. This reflects fine tuning of their valuation framework rather than a major shift in view.
1925
JP¥4,982.00
Daiwa House Industry
7D
-2.0%
1Y
1.0%
3480
JP¥5,180.00
J.S.B.Co.Ltd
7D
12.6%
1Y
62.4%
1878
JP¥3,694.00
Daito Trust ConstructionLtd
7D
3.3%
1Y
21.6%
3289
JP¥1,364.00
Tokyu Fudosan Holdings
7D
-0.9%
1Y
38.0%
8871
JP¥3,420.00
GOLDCRESTLtd
7D
3.0%
1Y
12.3%
3231
JP¥1,035.00
Nomura Real Estate Holdings
7D
-0.9%
1Y
20.4%
2980
JP¥3,030.00
SRE Holdings
7D
11.8%
1Y
1.3%
8848
JP¥647.00
Leopalace21
7D
-3.7%
1Y
12.1%
2337
JP¥481.00
Ichigo
7D
1.7%
1Y
24.6%

2337: Future Outlook Will Rely On Buybacks Despite Weaker Profit Assumptions

Analysts have kept Ichigo's fair value estimate steady at ¥420, citing slightly lower revenue growth and profit margin assumptions, along with a higher future P/E expectation, as key reasons behind the unchanged price target. What's in the News Reported solar and wind power generation for the full year to February 2026 of 240,827,922 kWh compared with 234,662,770 kWh a year earlier, with monthly and second half figures also disclosed for investors tracking the energy portfolio (company announcement of operating results).
3003
JP¥1,871.00
Hulic
7D
0.4%
1Y
32.0%
8830
JP¥4,605.00
Sumitomo Realty & Development
7D
-0.5%
1Y
68.3%
8923
JP¥1,612.00
Tosei
7D
2.9%
1Y
37.6%
3498
JP¥6,680.00
Kasumigaseki CapitalLtd
7D
3.1%
1Y
3.7%