www.nomura-re-hd.co.jp/ir/pdf/ceo_251215.pdf

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野村不動産ホールディングス株式会社 CEOスモールミーティング質疑応答（2025年12月15日）

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https://www.nomura-re-hd.co.jp/ir/pdf/ceo_251215.pdf

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This document records the Q&A session from the CEO Small Meeting held by Nomura Real Estate Holdings, Inc. on December 15, 2025. Participants included sell-side and buy-side investors, with CEO Akira Arai and Hotel Business Division Manager Yasumitsu Nakano presenting. The Q&A covered topics such as investment plans for the hotel business, development yields, land acquisition strategies, collaboration with the condominium business, and analysis of stock price declines. Notably, insights into the growth strategy for the hotel business and market trends were discussed, outlining future prospects.