Nomura Real Estate Holdings Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

June 26, 2024

Nomura Real Estate Holdings (TSE:3231) Full Year 2024 Results

Key Financial Results

Revenue: JP¥734.7b (up 12% from FY 2023).
Net income: JP¥68.2b (up 5.6% from FY 2023).
Profit margin: 9.3% (in line with FY 2023).
EPS: JP¥392 (up from JP¥365 in FY 2023).

revenue-and-expenses-breakdown — TSE:3231 Revenue and Expenses Breakdown June 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nomura Real Estate Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 3.6%.

The primary driver behind last 12 months revenue was the Housing Business segment contributing a total revenue of JP¥351.8b (48% of total revenue). Notably, cost of sales worth JP¥490.3b amounted to 67% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to JP¥115.6b (66% of total expenses). Explore how 3231's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Japan.

Performance of the Japanese Real Estate industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Nomura Real Estate Holdings (1 doesn't sit too well with us!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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