58 companies · FY2026 results (earnings releases, consolidated)
Heiwa Real Estate ranks first for operating margin in the Construction & Real Estate industry at 29.7%. The top three are Heiwa Real Estate (29.7%), Goldcrest (29.3%) and Sumitomo Realty (28.3%).
Across the 58 companies the average is 11.1% and the median 8.6%. Tama Home comes last at 1.9%, a gap of 27.8 percentage points to the leader.
21 of 58 companies are above the average.
Construction & Real Estate Industry TOP3




















































Shares 1Y is a closing-price reference (vs. about a year earlier).
| Rank | Company | Operating margin | Average salary | Revenue | Operating profit |
|---|---|---|---|---|---|
| 1 | Heiwa Real Estate8803 | 29.7% | ¥12.3M | ¥50.9B | ¥15.1B |
| 2 | Goldcrest8871 | 29.3% | ¥7.64M | ¥30.4B | ¥8.9B |
| 3 | Sumitomo Realty8830 | 28.3% | ¥7.49M | ¥1.1T | ¥299.2B |
| 4 | Hulic3003 | 25.7% | ¥20.4M | ¥727.4B | ¥186.8B |
| 5 | Tosei8923 | 23.6% | ¥9.04M | ¥94.7B | ¥22.3B |
| 6 | Sho-Bond1414 | 23.4% | - | ¥89.2B | ¥20.8B |
| 7 | Tokyo Tatemono8804 | 20.2% | ¥11.1M | ¥474.6B | ¥95.8B |
| 8 | ES-CON8892 | 19.0% | ¥7.90M | ¥137.0B | ¥26.1B |
| 9 | Mitsubishi Estate8802 | 18.9% | ¥13.5M | ¥1.7T | ¥329.7B |
| 10 | Kasumigaseki Capital3498 | 17.0% | ¥16.8M | ¥163.8B | ¥27.9B |
| 11 | Mitsui Fudosan8801 | 14.7% | ¥17.6M | ¥2.7T | ¥397.8B |
| 11 | Nomura Real Estate3231 | 14.7% | ¥11.8M | ¥942.5B | ¥138.2B |
| 13 | Starts8850 | 14.4% | ¥6.58M | ¥251.9B | ¥36.3B |
| 14 | Tokyu Fudosan HD3289 | 13.4% | ¥12.8M | ¥1.2T | ¥166.9B |
| 15 | Raito Kogyo1926 | 12.4% | ¥9.40M | ¥139.2B | ¥17.2B |
| 16 | Katitas8919 | 12.0% | ¥5.42M | ¥151.9B | ¥18.3B |
| 16 | Kinden1944 | 12.0% | ¥9.97M | ¥750.7B | ¥90.3B |
| 18 | Craftia1959 | 11.5% | ¥7.13M | ¥476.1B | ¥54.6B |
| 18 | Chudenko1941 | 11.5% | ¥8.45M | ¥227.8B | ¥26.2B |
| 20 | Takasago1969 | 11.3% | ¥11.3M | ¥423.9B | ¥47.7B |
| 21 | Kandenko1942 | 11.2% | ¥10.1M | ¥742.0B | ¥83.1B |
| 22 | Asahi Kogyosha1975 | 11.1% | ¥12.2M | ¥104.8B | ¥11.7B |
| 23 | Daiwa House1925 | 11.0% | ¥9.92M | ¥5.6T | ¥614.9B |
| 24 | Open House3288 | 10.9% | ¥9.14M | ¥1.3T | ¥145.9B |
| 25 | Totetsu1835 | 10.8% | ¥9.54M | ¥163.0B | ¥17.6B |
| 26 | Nippon Densetsu1950 | 10.3% | ¥8.95M | ¥229.2B | ¥23.6B |
| 27 | SNK1952 | 9.8% | ¥10.9M | ¥154.9B | ¥15.1B |
| 28 | Park244666 | 9.2% | ¥7.42M | ¥406.2B | ¥37.6B |
| 29 | Taisei1801 | 9.0% | ¥10.6M | ¥2.1T | ¥188.0B |
| 30 | Sekisui House1928 | 8.1% | ¥8.83M | ¥4.2T | ¥341.4B |
| 30 | Comsys1721 | 8.1% | ¥9.62M | ¥630.6B | ¥50.9B |
| 30 | Leopalace218848 | 8.1% | ¥6.50M | ¥444.8B | ¥36.0B |
| 30 | Yahagi1870 | 8.1% | ¥8.52M | ¥169.4B | ¥13.7B |
| 34 | Kajima1812 | 7.8% | ¥12.5M | ¥3.1T | ¥240.8B |
| 34 | Haseko1808 | 7.8% | ¥10.6M | ¥1.3T | ¥98.7B |
| 36 | Ando Hazama1719 | 7.6% | ¥10.1M | ¥439.6B | ¥33.6B |
| 37 | Obayashi1802 | 7.5% | ¥12.4M | ¥2.6T | ¥194.7B |
| 38 | Sumitomo Forestry1911 | 7.4% | ¥9.32M | ¥2.3T | ¥168.7B |
| 39 | YURTEC1934 | 7.2% | ¥8.12M | ¥252.3B | ¥18.0B |
| 40 | Nishimatsu1820 | 7.1% | ¥10.6M | ¥396.0B | ¥28.0B |
| 41 | Penta-Ocean1893 | 7.0% | ¥9.36M | ¥794.3B | ¥55.3B |
| 42 | KI Star3465 | 6.9% | ¥5.17M | ¥393.9B | ¥27.0B |
| 43 | Daito Trust1878 | 6.8% | ¥9.18M | ¥2.0T | ¥135.3B |
| 44 | Infroneer5076 | 6.7% | ¥11.1M | ¥1.1T | ¥75.8B |
| 44 | TOA1885 | 6.7% | ¥10.2M | ¥358.7B | ¥24.2B |
| 44 | Seikitokyu1898 | 6.7% | ¥8.19M | ¥95.3B | ¥6.4B |
| 47 | EXEO1951 | 6.6% | ¥7.76M | ¥787.7B | ¥52.0B |
| 48 | Iida Group3291 | 6.3% | ¥7.55M | ¥1.5T | ¥94.4B |
| 49 | TODA1860 | 5.9% | ¥10.4M | ¥645.7B | ¥38.2B |
| 50 | Shimizu1803 | 5.8% | ¥10.1M | ¥2.1T | ¥118.7B |
| 50 | Token1766 | 5.8% | ¥6.22M | ¥386.5B | ¥22.4B |
| 52 | Mirait One1417 | 5.7% | ¥7.73M | ¥602.4B | ¥34.3B |
| 53 | Kumagai Gumi1861 | 5.6% | ¥9.18M | ¥487.7B | ¥27.1B |
| 54 | Okumura1833 | 5.2% | ¥10.1M | ¥307.2B | ¥15.9B |
| 55 | Tokyu Construction1720 | 4.8% | ¥10.3M | ¥341.2B | ¥16.3B |
| 55 | TOA ROAD1882 | 4.8% | ¥8.70M | ¥121.3B | ¥5.8B |
| 57 | Asanuma1852 | 4.1% | ¥9.35M | ¥175.3B | ¥7.2B |
| 58 | Tama Home1419 | 1.9% | ¥7.17M | ¥197.7B | ¥3.8B |
Revenue and operating profit are from the latest full-year consolidated results. Average salary is for the reporting entity per its annual securities report; pure holding companies with fewer than 50 staff are excluded.