Nomura Real Estate Master Fund, Inc.

TSE:3462 Stock Report

Market Cap: JP¥630.8b

Nomura Real Estate Master Fund Past Earnings Performance

Past criteria checks 2/6

Nomura Real Estate Master Fund has been growing earnings at an average annual rate of 5.5%, while the REITs industry saw earnings growing at 4.5% annually. Revenues have been growing at an average rate of 3.2% per year. Nomura Real Estate Master Fund's return on equity is 5.1%, and it has net margins of 36.3%.

Key information

5.5%

Earnings growth rate

4.8%

EPS growth rate

REITs Industry Growth5.9%
Revenue growth rate3.2%
Return on equity5.1%
Net Margin36.3%
Last Earnings Update31 Aug 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Nomura Real Estate Master Fund makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSE:3462 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Aug 2484,45730,6473520
31 May 2483,73930,1763460
29 Feb 2483,02129,7053400
30 Nov 2383,32630,2003440
31 Aug 2383,63230,6953470
31 May 2381,32029,0723450
28 Feb 2379,00927,4483440
30 Nov 2277,77626,6623440
31 Aug 2276,54325,8773440
31 May 2275,79225,3443480
28 Feb 2275,04024,8123510
30 Nov 2175,31225,1313510
31 Aug 2175,58425,4513510
31 May 2175,61325,6333480
28 Feb 2175,64225,8163440
30 Nov 2075,07325,4023420
31 Aug 2074,50524,9883400
31 May 2074,02524,4343410
29 Feb 2073,54523,8793430
30 Nov 1972,79523,5663420
31 Aug 1972,04623,2523410
31 May 1971,10322,7613340
28 Feb 1970,16022,2713270
30 Nov 1869,55621,8483240
31 Aug 1868,95121,4243210
31 May 1870,65522,6653280
28 Feb 1872,35923,9053350
30 Nov 1772,60722,8833330
31 Aug 1772,85521,8613300
28 Feb 1770,71819,2463340
31 Aug 1660,31714,6233640

Quality Earnings: 3462 has high quality earnings.

Growing Profit Margin: 3462's current net profit margins (36.3%) are lower than last year (36.7%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 3462's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: 3462's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3462 had negative earnings growth (-0.2%) over the past year, making it difficult to compare to the REITs industry average (3.9%).


Return on Equity

High ROE: 3462's Return on Equity (5.1%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 11:19
End of Day Share Price 2024/12/23 00:00
Earnings2024/08/31
Annual Earnings2024/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nomura Real Estate Master Fund, Inc. is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tomoyoshi OmuroBofA Global Research
Yew Kiang WongCLSA
Masahiro MochizukiCLSA