Industry map/Construction & Real Estate
Real Estate Brokerage & Management industry map
Who earns the money in Real Estate Brokerage & Management, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 118 companies · ¥7.56T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥7.56T
- Companies
- 118
- Avg. salary（parent only）
- ¥6.1M
- Industry weather
- Sunny
YoY +6.2%
Avg. age 40.6
Operating income +12.5%
Daiwa House Industry[1925]
Rental Housing
- Revenue
- ¥1.43T▲3.8%
- Operating income
- ¥141.1B▲8.6%
Margin 9.9%
Whole company: Revenue ¥5.58T · Net income ¥350.6B
Avg. salary ¥11M · 40.7（parent only）
- Kyoritsu Maintenance・Capital alliance
Daito Trust Construction[1878]
Real estate lease business
- Revenue
- ¥1.2T▲3.3%
- Operating income
- ¥85.6B▲6.5%
Margin 7.1%
Whole company: Revenue ¥1.98T · Net income ¥99B
Avg. salary ¥9.7M · 44.0（parent only）
Sekisui House[1928]
Rental housing management
- Revenue
- ¥707.4B▲3.9%
- Operating income
- ¥69B▲21.5%
Margin 9.8%
Whole company: Revenue ¥4.2T · Net income ¥232.1B
Avg. salary ¥9.1M · 43.5（parent only）
Tokyu Fudosan Holdings[3289]
Real Estate Agents + 1 more
- Revenue
- ¥707.4B▲1.7%
- Operating income
- ¥91.6B▲20.8%
Margin 12.9%
Whole company: Revenue ¥1.25T · Net income ¥96.7B
Avg. salary ¥13.2M · 42.8（parent only）
Mitsui Fudosan[8801]
Management
- Revenue
- ¥511.5B▲5.2%
- Operating income
- ¥80.9B▲12.9%
Margin 15.8%
Whole company: Revenue ¥2.71T · Net income ¥278.7B
Avg. salary ¥18.6M · 42.1（parent only）
Leopalace21corporation[8848]
Leasing business
- Revenue
- ¥429.6B▲3.0%
- Operating income
- ¥44.3B▲16.4%
Margin 10.3%
Whole company: Revenue ¥444.8B · Net income ¥14.9B
Avg. salary ¥6.5M · 41.0（parent only）
Park24[4666]
Domestic Parking + 1 more
- Revenue
- ¥278B▲7.3%
- Operating income
- ¥36.1B▲1.9%
Margin 13.0%
Whole company: Revenue ¥406.2B · Net income ¥15.9B
Avg. salary ¥7.4M · 38.1（parent only）
GA technologies[3491]
RENOSY Marketplace
- Revenue
- ¥241.3B▲30.6%
- Operating income
- —
Whole company: Revenue ¥248.9B · Net income ¥3.89B
Avg. salary ¥7.7M · 32.5（parent only）
Token[1766]
Leasing
- Revenue
- ¥213.3B▲3.0%
- Operating income
- ¥14.1B▼2.6%
Margin 6.6%
Whole company: Revenue ¥366.6B · Net income ¥15.8B
Avg. salary ¥6.3M · 40.3（parent only）
Nomura Real Estate Holdings[3231]
Property and Facility Management Business + 1 more
- Revenue
- ¥172B▲10.9%
- Operating income
- ¥32.5B▲13.8%
Margin 18.9%
Whole company: Revenue ¥942.5B · Net income ¥82.9B
Avg. salary ¥12.5M · 41.9（parent only）
Haseko[1808]
Condominium Management and Operation Business
- Revenue
- ¥158.5B▲9.1%
- Operating income
- ¥8.21B▲26.6%
Margin 5.2%
Whole company: Revenue ¥1.27T · Net income ¥54.8B
Avg. salary ¥10.4M · 39.4（parent only）
- Sumitomo Realty & Development owns 3.7%
NIPPON KANZAI Holdings[9347]
Building management and operation + 1 more
- Revenue
- ¥129.1B▲9.6%
- Operating income
- ¥10.3B▲10.6%
Margin 8.0%
Whole company: Revenue ¥150.3B · Net income ¥7.12B
Avg. salary ¥6.6M · 40.5（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: starts · Alsok · J.S.B. · Sumitomo Realty & Development · Mitsubishi Estate · Fuji · Tokyo Tatemono · Jpmc · Keio · Relo Group · Meiwa Estate · Biken Techno · Harima B.stem · SRE Holdings · Crops · GLC Group · Landix · robot home · Shinanen Holdings · Ambition DX Holdings · Mainichi Comnet · Nippon Parking Development · Paraca · Nisshin Group Holdings · Sun Frontier Fudousan · AlphaPurchase · Azoom · Avantia · Koryojyuhan · CEL · toyo tec co . · Kyoritsu Maintenance · Tsuchiya Holdings · Sunnexta Group · Hoosiers Holdings · NCD · Tsukuruba · Toubujyuhan · Japan Reliance Service · Tosei …+66
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Daiwa House IndustryRental Housing | ¥1.43T | 18.9% | 9.9% | +8.0% | -¥304.6B |
| 2 | Daito Trust ConstructionReal estate lease business | ¥1.2T | 15.9% | 7.1% | — | ¥9.76B |
| 3▲1 | Sekisui HouseRental housing management | ¥707.4B | 9.4% | 9.8% | — | ¥121.2B |
| 4▼1 | Tokyu Fudosan HoldingsReal Estate Agents + 1 more | ¥707.4B | 9.4% | 12.9% | +4.2% | ¥27.5B |
| 5 | Mitsui FudosanManagement | ¥511.5B | 6.8% | 15.8% | +4.5% | -¥91.1B |
| 6 | Leopalace21corporationLeasing business | ¥429.6B | 5.7% | 10.3% | +2.9% | ¥37.5B |
| 7 | Park24Domestic Parking + 1 more | ¥278B | 3.7% | 13.0% | +10.8% | ¥17.4B |
| 8▲1 | GA technologiesRENOSY Marketplace | ¥241.3B | 3.2% | — | +34.8% | ¥13.7B |
| 9▼1 | TokenLeasing | ¥213.3B | 2.8% | 6.6% | +3.2% | ¥19.9B |
| 10 | Nomura Real Estate HoldingsProperty and Facility Management Business + 1 more | ¥172B | 2.3% | 18.9% | +8.1% | -¥24.3B |
| 11 | HasekoCondominium Management and Operation Business | ¥158.5B | 2.1% | 5.2% | — | ¥136.3B |
| 12 | NIPPON KANZAI HoldingsBuilding management and operation + 1 more | ¥129.1B | 1.7% | 8.0% | +12.8% | ¥8.54B |
| 13 | startsReal estate management + 2 more | ¥121.7B | 1.6% | 17.5% | +6.2% | ¥518M |
| 14 | AlsokTotal building management services and disaster prevention services | ¥93B | 1.2% | 12.1% | +8.1% | ¥14.7B |
| 15▲1 | J.S.B. | ¥76B | 1.0% | 10.1% | +9.6% | -¥3.83B |
| 16▼1 | Sumitomo Realty & DevelopmentStep | ¥74.6B | 1.0% | 31.6% | — | -¥18.4B |
| 17 | Mitsubishi EstateArchitectural Design and Engineering and Real Estate Services Business | ¥74.5B | 1.0% | 16.9% | +11.9% | -¥15.8B |
| 18▲1 | FujiExisting Housing + 1 more | ¥69B | 0.9% | 8.3% | +9.6% | -¥3.55B |
| 19▲1 | Tokyo TatemonoAsset service | ¥63.5B | 0.8% | 18.1% | +10.4% | -¥26.6B |
| 20▼2 | Jpmc | ¥58.5B | 0.8% | 4.5% | +2.3% | ¥2.2B |
| 21▲1 | KeioConstruction and Maintenance | ¥53.8B | 0.7% | 13.8% | — | -¥30.5B |
| 22▼1 | Relo GroupResidential Property | ¥53B | 0.7% | 15.1% | — | ¥15.5B |
| 23▲2 | Meiwa EstateReal Estate Agency business + 1 more | ¥34.1B | 0.5% | 8.2% | +61.3% | -¥15M |
| 24▼1 | Biken TechnoBuilding maintenance business | ¥31.7B | 0.4% | 11.4% | +4.6% | ¥657.2M |
| 25▼1 | Harima B.stem | ¥30.9B | 0.4% | 4.9% | +5.5% | ¥868.2M |
| 26▲3 | SRE HoldingsLife and Property solutions | ¥26.3B | 0.3% | 4.6% | — | -¥9.17B |
| 27▼1 | CropsLeasing business + 1 more | ¥24.6B | 0.3% | 7.7% | +10.6% | ¥2.92B |
| 28▲4 | GLC GroupReal estate investment management | ¥24.2B | 0.3% | 11.3% | +34.9% | ¥1.24B |
| 29▲1 | LandixSumuzu | ¥23.4B | 0.3% | 14.6% | +20.6% | -¥373.9M |
| 30▲6 | robot homeRobot home business | ¥23.2B | 0.3% | 14.4% | — | ¥1.04B |
| 31▼3 | Shinanen HoldingsNon-energy business | ¥22.8B | 0.3% | 4.7% | — | ¥4.61B |
| 32▼5 | Ambition DX HoldingsLeasing DX Property Management Business + 1 more | ¥22.7B | 0.3% | 10.9% | — | -¥5.52B |
| 33 | Mainichi ComnetReal estate solution | ¥17.8B | 0.2% | 17.6% | +5.1% | ¥1.44B |
| 34▼3 | Nippon Parking DevelopmentParking | ¥17.8B | 0.2% | 25.2% | +5.8% | ¥3.62B |
| 35▼1 | Paraca | ¥17.6B | 0.2% | 18.5% | +10.7% | -¥1.68B |
| 36▲2 | Nisshin Group HoldingsReal estate management | ¥17B | 0.2% | 10.7% | +5.3% | -¥8.17B |
| 37 | Sun Frontier FudousanReal estate service | ¥15.1B | 0.2% | 57.6% | +22.6% | -¥24.9B |
| 38▼3 | AlphaPurchaseFM business | ¥14.6B | 0.2% | 1.4% | +11.1% | ¥10M |
| 39 | AzoomIdle asset utilization business | ¥13.2B | 0.2% | 19.6% | — | ¥1.61B |
| 40▲13 | AvantiaReal estate distribution business | ¥12.5B | 0.2% | 6.1% | — | ¥921.9M |
| 41▼1 | KoryojyuhanReal estate agency business + 1 more | ¥11.5B | 0.2% | 16.0% | +10.3% | -¥717.4M |
| 42▼1 | CELLease and management business | ¥10.5B | 0.1% | 12.3% | — | -¥1.95B |
| 43▼1 | toyo tec co .Building management | ¥10.3B | 0.1% | 6.7% | +3.5% | ¥4.06B |
| 44▲2 | Kyoritsu MaintenanceContracted Services | ¥9.04B | 0.1% | 3.3% | +4.8% | ¥7.29B |
| 45▼2 | Tsuchiya HoldingsReal estate business | ¥8.71B | 0.1% | 4.8% | +14.5% | -¥941.5M |
| 46▼1 | Sunnexta GroupCorporate house management services + 2 more | ¥8.7B | 0.1% | 17.4% | +0.5% | -¥144.6M |
| 47▼3 | Hoosiers HoldingsProperty management and related services | ¥8.4B | 0.1% | 6.4% | +7.2% | ¥9.27B |
| 48▼1 | NCDParking system | ¥8.13B | 0.1% | 14.1% | +7.6% | ¥1.41B |
| 49▲8 | Tsukuruba | ¥8.1B | 0.1% | 3.4% | — | -¥1.5B |
| 50▼2 | ToubujyuhanReal estate buying and selling + 1 more | ¥8.07B | 0.1% | 12.6% | +1.4% | ¥1.03B |
Showing the top 50. See all 118 in the list below
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- Operating costs
- SG&A
- Other
- Operating profit
- Sumitomo Realty & Development64828
- Tokyo Tatemono8020
- Relo Group542820
- Mitsubishi Estate8119
- Mitsui Fudosan8515
- Nomura Real Estate Holdings8515
- starts671914
- Tokyu Fudosan Holdings8713
- Daiwa House Industry781111
- Keio8911
- J.S.B.82810
- Park2474179
- Sekisui House80128
- Leopalace21corporation80128
- Haseko8578
- Alsok76168
- Meiwa Estate79138
- Daito Trust Construction82117
- Token8311
- NIPPON KANZAI Holdings7123
- Fuji859
- Biken Techno7817
- Harima B.stem8510
- Jpmc879
- GA technologies8314
Showing the 25 largest companies by revenue.
Ownership links
From the major-shareholder section of annual securities reports.
- 株式会社エイチ・アイ・エスOutside
- SubsidiaryCross E Holdings70.4%
- アスクル株式会社Outside
- SubsidiaryAlphaPurchase61.4%
- 西部ガスホールディングス株式会社Outside
- SubsidiarySTrust51.9%
- 中部電力株式会社Outside
- SubsidiaryEs-Con Japan51.0%
- 伊藤忠商事株式会社Outside
- AffiliateCentury 21 Real Estate of Japan48.4%
- AffiliateParaca22.0%
- ＶＴホールディングス株式会社Outside
- AffiliateAMG Holdings43.4%
- StakeHousefreedomCo.14.5%
- 野村ホールディングス株式会社Outside
- AffiliateNomura Real Estate Holdings37.1%
- ＤＯＷＡホールディングス㈱Outside
- AffiliateFujita Kanko31.8%
- ㈱クラフティアOutside
- AffiliateCentral General Development30.3%
- セコム株式会社Outside
- Affiliatetoyo tec co .27.2%
- StakeTosnetcorporation15.5%
- StakeSanyo Homes10.2%
- 東日本旅客鉄道株式会社Outside
- AffiliateCentral Security Patrols26.4%
- 株式会社ＬＩＸＩＬOutside
- AffiliateSanyo Homes24.3%
- ソニーグループ株式会社Outside
- AffiliateSRE Holdings23.3%
- 全国保証株式会社Outside
- AffiliateIntellex Holdings20.5%
- StakeMFS10.0%
- ＫＤＤＩ株式会社Outside
- AffiliateCrops20.3%
- 東急株式会社Outside
- StakeTokyu Fudosan Holdings15.9%
- 名古屋鉄道株式会社Outside
- StakeTosei15.5%
- 関西電力株式会社Outside
- Staketoyo tec co .14.3%
- StakeSanyo Homes12.0%
- オリックス株式会社Outside
- StakeSanyo Homes8.5%
- 株式会社ＴＢＳホールディングスOutside
- StakeBSN Media Holdings8.1%
- 株式会社九州リースサービスOutside
- StakeBusiness One Holdings7.7%
- ＳＢＩホールディングス株式会社Outside
- StakeKOSAIDO Holdings7.4%
- StakeParaca3.9%
- アズワン株式会社Outside
- StakeAlphaPurchase7.3%
- Sekisui HouseIn industry
- StakeTsuchiya Holdings6.2%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted. Showing up to 24 shareholder cards.
Compare the leaders side by side
- Daito Trust Construction vs Daiwa House
- Daito Trust Construction vs Sekisui House
- Daito Trust Construction vs Tokyu Fudosan Holdings
- Daiwa House vs Sekisui House
- Daiwa House vs Tokyu Fudosan Holdings
- Sekisui House vs Tokyu Fudosan Holdings
- Daito Trust Construction vs Daiwa House vs Sekisui House vs Tokyu Fudosan Holdings
All companies in Real Estate Brokerage & Management (by revenue)
All 120 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Daiwa House Industry¥1.43T · 9.9%
- Daito Trust Construction¥1.2T · 7.1%
- Sekisui House¥707.4B · 9.8%
- Tokyu Fudosan Holdings¥707.4B · 12.9%
- Mitsui Fudosan¥511.5B · 15.8%
- Leopalace21corporation¥429.6B · 10.3%
- Park24¥278B · 13.0%
- GA technologies¥241.3B
- Token¥220.2B · 6.5%
- Nomura Real Estate Holdings¥172B · 18.9%
- Haseko¥158.5B · 5.2%
- NIPPON KANZAI Holdings¥129.1B · 8.0%
- starts¥121.7B · 17.5%
- Alsok¥93B · 12.1%
- J.S.B.¥76B · 10.1%
- Sumitomo Realty & Development¥74.6B · 31.6%
- Mitsubishi Estate¥74.5B · 16.9%
- Fuji¥69B · 8.3%
- Tokyo Tatemono¥63.5B · 18.1%
- Jpmc¥58.5B · 4.5%
- Keio¥53.8B · 13.8%
- Relo Group¥53B · 15.1%
- Intellex Holdings¥43.2B · 4.4%
- Meiwa Estate¥34.1B · 8.2%
- Biken Techno¥31.7B · 11.4%
- Harima B.stem¥30.9B · 4.9%
- SRE Holdings¥26.3B · 4.6%
- Ambition DX Holdings¥24.7B · 13.1%
- Crops¥24.6B · 7.7%
- GLC Group¥24.2B · 11.3%
- Landix¥23.4B · 14.6%
- robot home¥23.2B · 14.4%
- Shinanen Holdings¥22.8B · 4.7%
- Mainichi Comnet¥22.4B · 15.8%
- Nippon Parking Development¥17.8B · 25.2%
- Paraca¥17.6B · 18.5%
- Nisshin Group Holdings¥17B · 10.7%
- Sun Frontier Fudousan¥15.1B · 57.6%
- AlphaPurchase¥14.6B · 1.4%
- Azoom¥13.2B · 19.6%
- Avantia¥12.5B · 6.1%
- Koryojyuhan¥11.5B · 16.0%
- CEL¥10.5B · 12.3%
- toyo tec co .¥10.3B · 6.7%
- Kyoritsu Maintenance¥9.04B · 3.3%
- Sunnexta Group¥8.88B · 18.1%
- Tsuchiya Holdings¥8.71B · 4.8%
- Hoosiers Holdings¥8.4B · 6.4%
- NCD¥8.13B · 14.1%
- Tsukuruba¥8.1B · 3.4%
- Toubujyuhan¥7.63B · 14.5%
- Japan Reliance Service¥7.57B · 8.8%
- Tosei¥7.38B · 15.8%
- MFS¥7.07B · 0.8%
- Striders¥6.84B · 4.6%
- B-Lot¥6.56B · 48.7%
- Yoshicon¥6.43B · 18.1%
- Elitz Holdings¥6.39B · 22.6%
- Papanets¥5.77B · 8.1%
- Sanyo Homes¥5.31B · 1.8%
- A.D.Works Group¥5.1B · 23.6%
- Choei¥4.45B · 17.8%
- Century 21 Real Estate of Japan¥4.3B · 24.8%
- FJ Next Holdings¥4.28B · 25.9%
- Central General Development¥4.07B · 13.9%
- CVS Bay Area¥3.96B · 7.9%
- Will¥3.93B · 34.4%
- Azuma House¥3.93B · 28.6%
- Goldcrest¥3.64B · 5.7%
- Kudo¥3.51B · 5.9%
- Revolution¥3.33B · 8.9%
- &Do Holdings¥3.23B · 59.6%
- Daiwa Motor Transportation¥3.15B · 19.7%
- STrust¥3.14B · 16.5%
- G-Factory¥3.03B · 15.1%
- Early AGE¥2.88B · 20.4%
- SYLA Holdings¥2.84B · 31.5%
- MT Genex¥2.65B · 14.2%
- CCReB Advisors¥2.56B · 24.0%
- Area Quest¥2.48B · 11.8%
- Matsuya¥2.38B · 5.7%
- Good Com Asset¥2.3B · 35.8%
- HousefreedomCo.¥2.29B · 11.5%
- Es-Con Japan¥2.21B · 58.5%
- IBJ¥2.05B · 29.1%
- Business One Holdings¥2B · 4.8%
- Nittoh¥2B · 7.9%
- Central Security Patrols¥1.96B · 16.6%
- Hokkaido Chuo BUS¥1.94B · 5.9%
- Synchro Food¥1.84B · 0.9%
- Hatch Work¥1.76B · 29.1%
- BSN Media Holdings¥1.7B · 6.6%
- ETS Group¥1.69B · 9.2%
- Meiho Enterprise¥1.65B · 3.3%
- Dualtap¥1.47B · 3.6%
- Fujita Kanko¥1.42B · -6.5%
- Landnet¥1.28B · 12.0%
- Storage-Oh¥1.1B · 1.8%
- Asian Star¥999.1M · 19.9%
- Star Mica Holdings¥976.9M · 104.6%
- FaithNetwork¥923.1M · 21.6%
- AMG Holdings¥858.8M · 24.1%
- Cross E Holdings¥791.9M · 17.2%
- Kose R.E.¥670.7M · 19.0%
- Dai-Ichi Cutter Kogyo¥614.1M · 9.2%
- Yamachuu¥589.1M · 29.8%
- Uchiyama Holdings¥325.5M · 12.9%
- KOSAIDO Holdings¥288M · -19.4%
- Rise¥258M · 42.3%
- Azplanning¥254.7M · 34.9%
- Nissou¥197.4M · 5.3%
- Tosnetcorporation¥187.3M · -2.6%
- SHINTO Holdings¥185.5M · 55.5%
- Nippon Grande¥179.7M · 16.0%
- Espoir¥155.5M · 100.0%
- Trailhead Global Holdings¥118.1M · 4.9%
- Gendai Agency¥99M · 47.5%
- SAKAI Holdings¥64.2M · 18.0%
- Twenty-four seven Holdings¥50.7M · 31.5%
- makoto construction¥10.9M
Revenue · Op. margin
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