Nomura Real Estate Holdings, Inc. (3231.T) - Quarterly Balance Statement

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3231.T
Financials

840.8 (JPY) • At close July 31, 2025

Overview | Financials

Numbers are in millions (except for per share data and ratios) JPY.

	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2	2021 Q1	2020 Q4	2020 Q3	2020 Q2	2020 Q1	2019 Q4	2019 Q3	2019 Q2	2019 Q1	2018 Q4	2018 Q3	2018 Q2	2018 Q1	2017 Q4	2017 Q3	2017 Q2	2017 Q1	2016 Q4	2016 Q3	2016 Q2	2016 Q1	2015 Q4	2015 Q3	2015 Q2	2015 Q1	2014 Q4	2014 Q3	2014 Q2	2014 Q1	2013 Q4	2013 Q3	2013 Q2	2013 Q1	2012 Q4	2012 Q3	2012 Q2	2012 Q1	2011 Q4	2011 Q3	2011 Q2	2011 Q1	2010 Q4	2010 Q3	2010 Q2	2010 Q1	2009 Q4	2009 Q3	2009 Q2	2008 Q4	2008 Q3
Assets:
Current Assets:
Cash & Cash Equivalents Numbers are in millions	37,265	31,301	28,754	27,231	53,811	42,310	58,125	39,045	29,063	30,962	44,679	29,134	69,038	39,780	31,290	53,652	71,625	44,155	45,990	105,712	78,401	55,804	54,371	59,583	81,351	52,157	55,006	53,232	52,347	51,675	53,702	46,739	47,701	47,405	45,105	46,012	57,593	46,728	44,333	38,426	47,420	39,768	45,280	36,319	45,484	38,110	51,922	36,909	42,498	33,593	42,180	42,604	45,458	36,422	32,577	30,865	52,067	40,836	43,485	30,367	39,336	40,786	38,432	39,475	33,346
Short Term Investments Numbers are in millions	103,060	98,961	72,697	57,269	49,145	48,425	36,022	33,029	32,320	32,014	42,192	40,062	33,871	30,317	30,484	29,791	28,770	28,806	29,682	29,005	30,983	31,625	21,679	18,360	55,066	16,663	11,177	18,306	18,612	8,440	41,477	2,422	2,567	2,361	2,323	1,866	819	918	1,005	6,281	9,316	6,577	9,526	6,522	29,628	7,897	15,362	29,682	49,578	34,831	51,158	61,697	66,895	58,188	58,673	60,963	90,948	61,414	98,045	96,005	144,899	98,534	120,882	148,076	166,227
Cash and Short Term Investments Numbers are in millions	140,325	130,262	101,451	84,500	102,956	90,735	94,147	72,074	61,383	62,976	86,871	69,196	102,909	70,097	61,774	83,443	100,395	72,961	75,672	134,717	109,384	87,429	76,050	77,943	136,417	68,820	66,183	71,538	70,959	60,115	95,179	49,161	50,268	49,766	47,428	47,878	58,412	47,646	45,338	44,707	56,736	46,345	54,806	42,841	75,112	46,007	67,284	66,591	92,076	68,424	93,338	104,301	112,353	94,610	91,250	91,828	143,015	102,250	141,530	126,372	184,235	139,320	159,314	187,551	199,573
Net Receivables Numbers are in millions	32,410	27,354	20,676	20,952	27,524	19,405	19,676	17,599	40,876	17,830	18,434	16,588	22,005	16,788	18,046	15,146	19,621	17,153	17,173	13,866	25,339	14,575	22,967	14,534	26,562	14,513	14,661	14,423	17,269	15,130	13,766	13,269	16,498	12,383	15,529	12,100	16,152	12,284	35,451	18,379	21,298	18,103	18,780	16,729	21,721	19,075	20,497	39,849	42,635	44,161	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory Numbers are in millions	0	1,004,004	0	1,004,324	1,011,139	993,319	966,505	966,735	998,292	973,340	956,432	886,941	893,781	905,963	893,714	876,985	875,200	803,340	803,084	753,699	714,118	724,702	663,899	652,374	636,272	644,830	629,534	595,060	592,488	620,631	606,000	609,960	569,860	577,319	538,302	526,653	496,407	466,726	432,193	436,695	429,304	398,770	398,953	379,713	348,859	368,554	352,037	354,176	369,302	372,812	318,820	322,168	322,477	445,918	361,479	339,564	333,345	484,317	408,471	409,992	386,938	493,688	404,627	377,946	548,378
Other Current Assets Numbers are in millions	-172,735	132,806	-122,127	113,713	115,158	91,601	82,798	90,263	81,755	92,607	67,491	119,524	108,107	102,733	95,822	98,640	48,105	50,925	49,628	56,576	57,885	62,732	59,252	60,566	50,277	55,942	48,252	47,798	43,831	44,458	42,783	43,691	47,680	42,119	40,432	43,659	38,627	39,423	39,198	46,107	48,278	58,682	57,959	56,218	58,414	56,103	60,874	58,174	60,668	74,908	97,543	122,613	118,810	37,198	116,747	124,186	125,098	32,010	107,280	116,050	99,852	20,822	76,797	122,038	30,471
Total Current Assets Numbers are in millions	0	1,294,426	0	1,223,489	1,256,777	1,195,060	1,163,126	1,146,671	1,182,306	1,146,753	1,129,228	1,092,249	1,126,802	1,095,581	1,069,356	1,074,214	1,043,321	944,379	945,557	958,858	906,726	889,438	822,168	805,417	849,528	784,105	758,630	728,819	724,547	740,334	757,728	716,081	684,306	681,587	641,691	628,424	608,779	565,161	551,175	539,607	549,300	515,323	523,972	488,979	496,978	481,842	491,330	489,108	535,103	525,474	534,789	573,172	585,332	607,567	601,081	583,614	636,925	648,900	692,615	684,947	709,618	682,780	668,665	740,266	798,155
Non-Current Assets:
Property, Plant & Equipment, Net Numbers are in millions	890,250	793,378	781,014	776,761	740,301	720,795	754,543	743,380	738,235	734,942	732,850	754,311	756,432	743,499	747,612	746,123	741,878	790,181	793,199	795,442	784,321	803,703	803,886	810,493	812,480	857,893	863,592	861,468	871,505	873,868	861,373	838,140	830,564	819,331	819,577	814,996	800,470	776,179	776,459	759,796	750,563	757,643	746,047	731,701	735,315	738,846	747,995	753,382	755,107	758,071	727,092	706,943	709,717	723,621	729,311	729,940	732,572	733,753	718,330	630,695	626,267	621,183	623,107	575,761	477,729
Goodwill Numbers are in millions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets Numbers are in millions	0	35,329	35,714	34,668	17,336	16,058	15,504	20,665	20,384	20,613	20,556	20,358	19,933	19,595	19,508	19,610	18,468	18,358	18,258	19,362	20,223	19,943	20,615	21,454	18,104	16,625	12,395	12,401	12,364	11,479	10,921	10,844	10,985	10,922	10,935	10,831	10,681	10,309	10,394	10,285	10,277	10,208	9,951	9,448	9,382	9,233	9,341	9,361	9,406	9,486	9,566	9,694	9,857	9,878	10,001	9,980	10,068	10,182	10,330	8,217	8,273	8,873	9,057	9,427	8,724
Goodwill and Intangible Assets Numbers are in millions	36,278	35,329	35,714	34,668	17,336	16,058	15,504	20,665	20,384	20,613	20,556	20,358	19,933	19,595	19,508	19,610	18,468	18,358	18,258	19,362	20,223	19,943	20,615	21,454	18,104	16,625	12,395	12,401	12,364	11,479	10,921	10,844	10,985	10,922	10,935	10,831	10,681	10,309	10,394	10,285	10,277	10,208	9,951	9,448	9,382	9,233	9,341	9,361	9,406	9,486	9,566	9,694	9,857	9,878	10,001	9,980	10,068	10,182	10,330	8,217	8,273	8,873	9,057	9,427	8,724
Long Term Investments Numbers are in millions	0	182,019	0	186,545	178,949	182,834	136,166	203,819	109,711	105,375	71,226	150,155	101,155	132,592	131,511	59,965	57,658	50,451	28,678	28,869	27,969	38,411	35,241	32,404	-4,544	29,227	36,769	29,780	23,750	32,745	-343	40,015	43,685	44,346	41,783	40,710	44,692	39,793	38,032	35,040	31,537	39,366	30,825	44,209	18,002	40,437	35,477	18,673	-3,394	6,315	-6,797	-17,893	-20,946	-21,996	-20,475	-19,523	-47,808	-17,745	-82,443	-81,175	-127,856	-83,187	-103,974	-132,760	-150,439
Tax Assets Numbers are in millions	21,666	0	19,463	18,284	19,367	17,689	18,520	17,484	18,756	17,424	18,274	17,266	27,322	24,307	24,183	20,496	23,097	22,003	23,875	22,888	22,696	20,956	19,793	21,636	20,863	20,971	19,600	18,140	14,525	15,475	15,130	14,996	14,992	14,978	14,957	14,840	14,840	15,323	15,047	14,974	14,979	16,418	20,223	19,759	21,860	19,340	21,149	23,502	21,030	23,212	24,332	24,643	24,698	23,327	23,965	24,503	23,601	23,260	14,538	14,399	14,320	14,187	14,127	14,336	12,671
Other Non-Current Assets Numbers are in millions	-948,194	79,837	-836,191	53,908	38,722	39,141	42,447	-31,989	41,299	40,622	52,778	-28,573	8,858	-29,438	-29,176	36,771	36,881	37,081	38,006	36,914	39,337	39,087	29,324	26,155	63,022	24,563	19,212	26,621	26,999	14,542	48,184	9,281	8,559	6,935	7,307	6,798	5,986	6,715	6,877	11,745	12,568	9,442	12,468	9,359	32,347	10,919	18,434	32,940	52,693	37,984	77,980	89,135	93,966	86,012	87,507	89,640	118,973	91,718	128,159	126,262	174,802	128,510	150,962	178,501	197,095
Total Non-Current Assets Numbers are in millions	0	1,090,563	0	1,070,166	994,675	976,517	967,180	953,359	928,385	918,976	895,684	913,517	913,700	890,555	893,638	882,965	877,982	918,074	902,016	903,475	894,546	922,100	908,859	912,142	909,925	949,279	951,568	948,410	949,143	948,109	935,265	913,276	908,785	896,512	894,559	888,175	876,669	848,319	846,809	831,840	819,924	833,077	819,514	814,476	816,906	818,775	832,396	837,858	834,842	835,068	832,173	812,522	817,292	820,842	830,309	834,540	837,406	841,168	788,914	698,398	695,806	689,566	693,279	645,265	545,780
Total Assets Numbers are in millions	2,686,569	2,384,989	2,328,539	2,293,655	2,251,456	2,171,581	2,130,310	2,100,034	2,110,693	2,065,732	2,024,916	2,005,770	2,040,506	1,986,141	1,962,998	1,957,185	1,921,306	1,862,456	1,847,576	1,862,336	1,801,273	1,811,542	1,731,031	1,717,562	1,759,455	1,733,386	1,710,201	1,677,233	1,673,692	1,688,447	1,692,997	1,629,361	1,593,093	1,578,102	1,536,254	1,516,601	1,485,449	1,413,486	1,397,987	1,371,452	1,369,226	1,348,403	1,343,489	1,303,457	1,313,887	1,300,620	1,323,730	1,326,971	1,369,949	1,360,545	1,366,962	1,385,694	1,402,624	1,428,409	1,431,390	1,418,154	1,474,331	1,490,068	1,481,529	1,383,345	1,405,424	1,372,346	1,361,944	1,385,531	1,343,935
Liabilities & Equity:
Current Liabilities:
Account Payables Numbers are in millions	0	56,685	0	49,452	78,651	41,626	45,603	35,272	65,805	33,477	43,516	46,246	80,992	29,360	29,500	36,474	61,162	26,879	27,282	28,354	94,197	24,093	27,785	26,739	53,927	31,349	28,372	21,071	41,696	27,085	28,717	27,926	35,612	27,937	42,998	27,551	51,162	28,065	36,623	34,631	48,662	32,868	37,314	31,011	37,629	37,794	33,469	38,299	49,347	19,399	26,323	29,304	36,351	22,264	17,056	18,567	43,081	12,644	13,567	17,836	37,692	27,546	25,263	69,523	31,559
Short Term Debt Numbers are in millions	351,799	273,339	234,871	265,213	108,343	121,233	80,384	116,567	138,185	173,944	105,612	150,455	85,710	208,048	154,528	106,391	69,361	108,690	90,264	119,296	63,622	210,739	99,547	84,069	57,485	130,657	103,039	92,621	78,984	218,520	194,133	183,225	92,026	217,659	134,801	191,059	116,179	199,576	112,354	182,055	134,672	196,235	197,730	186,751	147,659	144,109	126,279	174,539	167,585	227,931	197,771	201,863	148,242	176,075	191,211	174,588	180,896	218,168	180,781	138,649	108,586	140,477	135,130	195,646	232,548
Tax Payables Numbers are in millions	0	0	0	0	17,467	4,637	14,809	8,196	13,278	2,298	15,787	8,478	22,299	6,930	15,336	9,599	18,572	6,885	8,079	4,743	19,476	3,504	7,982	2,650	13,318	2,144	6,464	2,150	14,993	4,600	10,592	3,468	16,052	3,820	7,949	1,888	13,232	5,414	12,255	1,529	13,097	4,035	8,175	2,123	8,091	3,825	6,715	5,347	6,448	2,354	5,559	1,841	6,109	2,720	4,383	1,838	10,099	2,266	4,194	1,332	7,597	3,870	5,567	14,791	5,301
Deferred Revenue Numbers are in millions	0	0	0	6,193	30,372	10,997	25,831	13,568	25,086	8,056	25,888	13,545	32,790	11,952	24,472	14,109	27,639	11,810	16,736	9,704	28,378	8,261	16,453	6,931	22,015	6,743	14,361	6,179	23,316	9,280	18,667	7,575	24,274	8,241	15,599	5,741	21,121	9,424	19,046	5,145	20,128	7,965	14,790	5,865	15,024	7,330	12,728	8,587	12,285	5,476	10,877	4,778	11,200	6,860	10,744	6,359	17,128	4,939	8,578	3,959	12,172	7,310	10,995	20,414	8,739
Other Current Liabilities Numbers are in millions	-351,799	115,662	-234,871	104,052	96,231	86,063	82,842	90,937	85,475	83,477	64,200	85,574	103,399	77,382	57,961	111,532	64,949	64,108	53,554	77,409	68,017	70,548	57,647	71,343	63,113	60,635	51,242	58,902	51,889	50,774	39,423	64,183	63,561	51,097	50,313	56,256	66,292	55,541	95,652	59,850	68,501	72,030	60,806	63,268	64,667	62,152	77,554	68,586	91,475	64,095	66,764	59,806	66,646	75,321	71,624	64,874	77,033	72,461	80,353	59,339	93,457	56,444	55,534	86,769	97,071
Total Current Liabilities Numbers are in millions	0	445,686	0	418,717	331,064	275,553	275,300	278,108	327,829	309,308	280,891	317,843	357,980	345,624	306,269	292,214	269,322	230,182	212,651	249,210	302,068	325,406	225,867	198,663	231,873	238,271	217,839	187,102	234,194	319,539	310,199	293,952	255,799	316,995	267,259	288,236	289,107	307,444	294,976	288,355	305,188	321,098	333,605	294,883	288,094	262,540	269,473	286,771	314,855	313,779	296,417	292,814	257,348	276,380	284,274	259,867	311,109	305,539	278,895	217,156	247,332	228,337	221,494	366,729	366,479
Non-Current Liabilities:
Long Term Debt Numbers are in millions	1,193,505	1,072,249	1,051,254	1,020,039	1,086,768	1,067,818	1,020,370	999,703	985,319	965,239	942,474	892,177	906,026	887,825	898,969	907,843	911,500	908,500	918,500	900,500	778,000	792,000	803,500	829,500	834,500	835,500	824,000	825,000	775,500	719,900	727,900	692,300	693,800	625,700	639,200	616,100	584,600	519,100	518,100	483,900	461,900	443,100	431,100	434,900	454,900	467,879	485,920	483,116	501,683	502,956	522,366	552,847	610,319	623,527	619,152	631,523	636,013	673,775	685,578	660,377	651,050	638,848	631,417	582,426	540,570
Deferred Revenue Non-Current Numbers are in millions	0	0	0	-153,497	-223,370	-143,316	19,114	19,680	19,415	20,789	20,264	20,412	20,211	19,720	19,259	19,278	18,950	20,307	20,110	20,172	20,246	19,217	19,075	19,103	18,909	18,604	18,490	18,418	18,477	18,955	18,985	19,106	19,188	18,101	18,151	18,335	18,331	11,257	11,413	11,479	11,543	12,707	11,981	12,719	15,374	16,847	16,636	16,454	16,405	16,345	16,613	16,871	17,201	16,837	16,942	17,337	17,851	17,434	17,627	17,204	17,381	16,441	16,469	16,094	16,310
Deferred Tax Liabilities Non-Current Numbers are in millions	47,518	0	46,471	45,915	46,146	50,658	50,354	51,641	49,732	52,201	50,776	54,871	62,109	62,020	61,805	62,148	63,825	64,261	65,085	65,437	65,289	65,505	65,486	65,836	65,463	57,986	63,004	63,381	64,303	64,480	65,482	66,085	67,492	69,978	69,595	69,183	67,970	69,762	69,393	64,492	64,330	71,684	71,861	72,031	71,958	72,478	74,707	74,928	75,154	76,397	76,476	76,586	76,687	77,216	88,442	88,464	88,673	85,990	86,739	86,694	88,107	88,599	89,932	89,865	89,335
Other Non-Current Liabilities Numbers are in millions	-1,241,023	151,350	-1,097,725	148,784	95,040	99,055	83,091	81,213	72,663	77,026	81,672	78,581	72,784	76,215	74,019	74,532	71,360	70,485	71,154	71,308	70,553	70,516	69,396	67,771	67,150	68,453	68,059	67,486	130,540	66,283	66,116	63,663	63,003	70,261	69,948	138,879	69,036	66,629	134,706	65,750	65,236	135,070	63,258	136,338	64,867	136,918	64,086	137,985	63,578	64,848	65,536	64,603	64,583	64,300	62,902	62,610	63,320	65,521	65,349	55,651	52,117	51,517	49,986	49,042	50,184
Total Non-Current Liabilities Numbers are in millions	0	1,223,599	0	1,168,823	1,227,954	1,217,531	1,172,929	1,152,237	1,127,129	1,115,255	1,095,186	1,046,041	1,061,130	1,045,780	1,054,052	1,063,801	1,065,635	1,063,553	1,074,849	1,057,417	934,088	947,238	957,457	982,210	986,022	980,543	973,553	974,285	924,517	869,618	878,483	841,154	843,483	784,040	796,894	773,314	739,937	666,748	664,219	625,621	603,009	590,877	578,200	583,957	607,099	621,644	641,349	637,555	656,820	660,546	680,991	710,907	768,790	781,880	787,438	799,934	805,857	842,720	855,293	819,926	808,655	795,405	787,804	737,427	696,399
Total Liabilities Numbers are in millions	1,935,126	1,669,285	1,590,281	1,587,540	1,559,013	1,493,077	1,448,229	1,430,345	1,454,958	1,424,563	1,376,077	1,363,884	1,419,110	1,391,404	1,360,321	1,356,015	1,334,957	1,293,735	1,287,500	1,306,627	1,236,156	1,272,644	1,183,324	1,180,873	1,217,895	1,218,814	1,191,392	1,161,387	1,158,711	1,189,157	1,188,682	1,135,106	1,099,282	1,101,035	1,064,153	1,061,550	1,029,044	974,192	959,195	913,976	908,197	911,975	911,805	878,840	895,193	884,184	910,822	924,326	971,675	974,325	977,408	1,003,721	1,026,138	1,058,260	1,071,712	1,059,801	1,116,966	1,148,259	1,134,188	1,037,082	1,055,987	1,023,742	1,009,298	1,104,156	1,062,878
Equity:
Preferred Stock Numbers are in millions	0	0	84,553	7,880	7,879	0	0	656,879	0	0	0	628,683	611,983	587,229	593,623	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Numbers are in millions	119,706	119,649	119,641	119,574	119,479	119,395	119,348	119,188	119,054	118,984	118,932	118,770	118,604	118,536	118,497	118,289	118,043	117,953	117,927	117,851	117,822	117,609	117,473	117,337	117,293	117,237	117,205	117,101	117,072	116,942	116,883	116,820	116,779	116,733	116,728	116,633	116,598	116,556	116,543	116,309	116,188	116,121	116,082	116,039	116,024	116,001	115,938	115,837	115,728	115,675	115,662	115,632	115,625	115,615	115,611	115,575	115,574	115,562	115,558	115,528	115,527	115,521	115,510	82,713	82,697
Retained Earnings Numbers are in millions	519,307	506,880	501,491	483,395	472,152	447,213	448,476	439,847	427,064	403,463	406,333	399,393	382,382	353,929	358,339	353,440	369,597	353,361	346,772	343,575	342,081	307,857	313,053	303,560	307,570	282,262	281,714	276,236	275,299	256,758	256,104	245,592	242,704	224,883	221,569	206,277	207,203	188,453	187,759	169,758	170,069	148,288	147,115	142,743	138,971	137,265	132,543	125,154	117,848	111,103	115,229	110,155	104,328	100,403	94,152	92,158	91,497	78,630	88,443	87,811	89,356	94,002	96,147	91,490	97,550
Accumulated Other Comprehensive Income/Loss Numbers are in millions	23,908	309	23,529	17,658	8,026	15,360	14,731	11,683	9,987	13,493	12,361	11,533	7,705	5,845	7,264	9,397	12,786	8,852	6,914	5,869	8,398	15,051	16,965	13,368	12,480	10,679	11,694	12,222	11,231	9,755	10,491	11,222	13,846	15,212	13,710	12,293	12,899	14,903	15,309	16,284	15,849	15,515	12,517	10,354	8,607	8,547	8,360	6,379	10,538	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Total Stockholders Equity Numbers are in millions	87,258	87,690	7,880	92,238	83,750	95,432	90,576	89,975	107,845	116,937	121,791	102,651	103,129	120,609	108,917	127,705	97,093	87,016	86,989	92,776	92,123	85,601	104,475	89,780	91,750	103,321	96,878	99,136	100,312	104,887	120,613	121,281	110,020	109,974	109,968	109,874	122,736	124,699	109,784	108,621	109,364	93,449	105,925	93,367	101,957	93,328	101,624	99,543	103,592	98,220	98,167	96,707	97,827	95,987	96,391	97,761	98,111	98,484	94,890	95,050	97,051	92,075	94,657	62,104	56,229
Total Shareholders Equity Numbers are in millions	750,179	714,528	737,094	704,989	691,286	677,400	681,008	668,562	653,963	639,384	647,056	640,216	619,688	593,074	600,887	599,434	584,733	567,182	558,602	554,202	552,026	526,118	535,001	524,045	529,093	502,820	507,491	504,695	503,914	488,342	493,600	483,693	483,349	466,801	461,975	445,077	446,537	429,708	429,395	394,688	395,621	373,373	369,122	362,503	356,952	355,141	350,105	340,534	337,168	324,998	329,058	322,494	317,780	312,005	306,154	305,494	305,182	292,676	298,891	298,389	301,934	301,598	306,314	236,307	236,476
Total Equity Numbers are in millions	751,439	715,704	738,259	706,115	692,440	678,500	682,081	669,689	655,735	641,169	648,839	641,886	621,396	594,737	602,677	601,170	586,349	568,721	560,076	555,709	565,117	538,898	547,707	536,689	541,560	514,572	518,809	515,846	514,981	499,290	504,315	494,255	493,811	477,067	472,101	455,051	456,405	439,294	438,792	457,476	461,029	436,428	431,684	424,617	418,694	416,436	412,908	402,645	398,274	386,220	389,554	381,973	376,486	370,149	359,678	358,353	357,365	341,809	347,341	346,263	349,437	348,604	352,646	281,375	281,057
Total Liabilities & Shareholders Equity Numbers are in millions	2,686,569	2,384,989	2,328,539	2,293,655	2,251,453	2,171,577	2,130,310	2,100,034	2,110,693	2,065,732	2,024,916	2,005,770	2,040,506	1,986,141	1,962,998	1,957,185	1,921,306	1,862,456	1,847,576	1,862,336	1,801,273	1,811,542	1,731,031	1,717,562	1,759,455	1,733,386	1,710,201	1,677,233	1,673,692	1,688,447	1,692,997	1,629,361	1,593,093	1,578,102	1,536,254	1,516,601	1,485,449	1,413,486	1,397,987	1,371,452	1,369,226	1,348,403	1,343,489	1,303,457	1,313,887	1,300,620	1,323,730	1,326,971	1,369,949	1,360,545	1,366,962	1,385,694	1,402,624	1,428,409	1,431,390	1,418,154	1,474,331	1,490,068	1,481,529	1,383,345	1,405,424	1,372,346	1,361,944	1,385,531	1,343,935

Nomura Real Estate Holdings, Inc.

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