{"ticker": {"uuid": "372c07d0-81fa-4d22-b09e-256ffc868bb4", "symbol": "3231", "name": "Nomura Real Estate Holdings, Inc.", "exchange": "JPX", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "3231 closed the latest completed week at 939.1 JPY. The 4-week return is -3.6% and the 12-week return is -8.8%. Trend Signal is inactive, Market Dynamics is -0.83.", "description": "Nomura Real Estate Holdings, Inc. operates as a real estate company in Japan and internationally. The company develops, leases, and manages office buildings, commercial facilities, logistics facilities, hotels, and other properties; develops and sells condominiums and houses; operates housing with services for the elderly; develops rental properties; provides Internet advertising services for housing and living assistance services; and offers consignment services for planning and management for commercial facilities. It also provides asset management services for real estate securitization, including REITs and private placement funds; and real estate brokerage and consulting, insurance agency, and real estate information website management services. In addition, the company engages in the management of properties, such as condominiums and educational facilities; provision of renovation and repair work for tenants; remodeling of condominiums and housing; and provision of cleaning services for condominiums and office buildings. Further, it participates in, promotes, and supports urban development projects and reconstruction of housing complexes; and manages fitness clubs. Nomura Real Estate Holdings, Inc. was founded in 1957 and is headquartered in Tokyo, Japan.", "setup_signature": "Risk-first tape", "composite_score": "39", "kpis": [{"label": "Latest Close", "value": "939.1 JPY", "hint": "2026-06-12"}, {"label": "1W Return", "value": "5.0%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "-3.6%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-8.8%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "92.3%", "hint": "48 of 52 weeks active"}, {"label": "Volume Ratio", "value": "1.6x", "hint": "vs 13-week average"}], "classification": {"exchange": "JPX", "country": "JP", "sector": "Real Estate", "industry": "Real Estate Services", "currency": "JPY", "market_cap": "777.0B"}, "price": {"trend_line": "993.4 JPY", "fair_value": "799.1 JPY", "vs_trend": "-5.5%", "vs_fair_value": "17.5%", "high_52": "1,141 JPY", "low_52": "789.5 JPY", "drawdown": "-17.7%", "range_position": "42.5%"}, "momentum": {"returns": [{"label": "1W", "value": 4.9860230296254855, "value_label": "5.0%", "tone": "positive", "width": 14.245780084644244}, {"label": "4W", "value": -3.6128515276138975, "value_label": "-3.6%", "tone": "negative", "width": 10.322432936039707}, {"label": "12W", "value": -8.841342516909041, "value_label": "-8.8%", "tone": "negative", "width": 25.260978619740115}, {"label": "26W", "value": 1.0580140509447806, "value_label": "1.1%", "tone": "positive", "width": 4}, {"label": "52W", "value": 16.649298971419345, "value_label": "16.6%", "tone": "positive", "width": 47.5694256326267}], "trend_streak": 0, "active_weeks": 48, "active_breadth": "92.3%", "peer": {"scope": "JP Real Estate", "count": 192, "rank": 8, "percentile": 96.33507853403141, "avg_weekly_return": 0.52521100533751}}, "setup": {"scores": [{"label": "Trend", "value": 50.769230769230774, "value_label": "51", "width": 50.769230769230774, "tone": "neutral", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 33.733233221269906, "value_label": "34", "width": 33.733233221269906, "tone": "negative", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 34.381216938691395, "value_label": "34", "width": 34.381216938691395, "tone": "neutral", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 66.80239069057296, "value_label": "67", "width": 66.80239069057296, "tone": "neutral", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 49.737414990055534, "value_label": "50", "width": 49.737414990055534, "tone": "neutral", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 3.9803231158291346, "return_label": "4.0%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 33.169359298576126}, {"week": "6 Mar", "return": -5.548390317904683, "return_label": "-5.5%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 46.23658598253903}, {"week": "13 Mar", "return": -3.8706704567830714, "return_label": "-3.9%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 32.255587139858925}, {"week": "20 Mar", "return": -0.28422698928009615, "return_label": "-0.3%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 4}, {"week": "27 Mar", "return": -1.425174060403903, "return_label": "-1.4%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 11.876450503365858}, {"week": "3 Apr", "return": 2.708025603151157, "return_label": "2.7%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 22.566880026259643}, {"week": "10 Apr", "return": 0.38350910834132307, "return_label": "0.4%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "17 Apr", "return": -2.387774594078319, "return_label": "-2.4%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 19.898121617319322}, {"week": "24 Apr", "return": -1.8590998043052838, "return_label": "-1.9%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 15.492498369210697}, {"week": "1 May", "return": -0.41874496510468745, "return_label": "-0.4%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "8 May", "return": 0.2703255939566566, "return_label": "0.3%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "15 May", "return": -2.715927309036447, "return_label": "-2.7%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 22.632727575303726}, {"week": "22 May", "return": -7.4207111660151215, "return_label": "-7.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 61.83925971679268}, {"week": "29 May", "return": 0.8425694013303736, "return_label": "0.8%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 7.021411677753113}, {"week": "5 Jun", "return": -1.6600677658768948, "return_label": "-1.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 13.833898048974122}, {"week": "12 Jun", "return": 4.9860230296254855, "return_label": "5.0%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 41.55019191354572}]}, "groups": {"sector": {"scope": "JP Real Estate", "count": 100, "avg_weekly_return": 2.1487453691860634, "avg_four_week_return": -2.312247803858528, "avg_twelve_week_return": -5.414069514974471, "trend_breadth": 14.000000000000002, "positive_md_breadth": 8.0, "positive_rs_breadth": 2.0, "week_rank": 8, "four_week_rank": 70, "twelve_week_rank": 68, "top_peers": [{"id": 25041, "symbol": "3480", "name": "J.S.B.Co.,Ltd.", "exchange": "JPX", "url": "/terminal/d85969ee-112a-40c7-88a4-0c7065c61952/report/", "weekly_return": 2.0618556701030926, "weekly_return_label": "2.1%", "weekly_return_tone": "positive", "four_week_return": 31.499051233396585, "four_week_return_label": "31.5%", "four_week_return_tone": "positive", "twelve_week_return": 105.63798219584571, "twelve_week_return_label": "105.6%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 25012, "symbol": "3465", "name": "Ki-Star Real Estate Co.,Ltd", "exchange": "JPX", "url": "/terminal/86ab8df5-9ae2-425e-9807-00db36ec3a92/report/", "weekly_return": 7.162921348314606, "weekly_return_label": "7.2%", "weekly_return_tone": "positive", "four_week_return": 9.0, "four_week_return_label": "9.0%", "four_week_return_tone": "positive", "twelve_week_return": 20.139068879677826, "twelve_week_return_label": "20.1%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": false, "positive_rs": false}, {"id": 31603, "symbol": "8975", "name": "Ichigo Office REIT Investment Corporation", "exchange": "JPX", "url": "/terminal/57d72905-d6aa-4c4e-a90c-7582b1181684/report/", "weekly_return": 11.058263971462544, "weekly_return_label": "11.1%", "weekly_return_tone": "positive", "four_week_return": 6.742857142857144, "four_week_return_label": "6.7%", "four_week_return_tone": "positive", "twelve_week_return": -0.07495715539935581, "twelve_week_return_label": "-0.1%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 24201, "symbol": "2780", "name": "Komehyo Holdings Co.,Ltd.", "exchange": "JPX", "url": "/terminal/ab898ed3-24ad-4c5b-8404-0e7c0df229db/report/", "weekly_return": -1.3435700575815739, "weekly_return_label": "-1.3%", "weekly_return_tone": "negative", "four_week_return": 6.528497409326425, "four_week_return_label": "6.5%", "four_week_return_tone": "positive", "twelve_week_return": 12.430531422151187, "twelve_week_return_label": "12.4%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 25010, "symbol": "3463", "name": "Ichigo Hotel REIT Investment Corporation", "exchange": "JPX", "url": "/terminal/04fb7644-262b-4adf-8a75-dccc120e0147/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": 4.659832246039143, "four_week_return_label": "4.7%", "four_week_return_tone": "positive", "twelve_week_return": -3.189655172413793, "twelve_week_return_label": "-3.2%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}, "industry": {"scope": "JP Real Estate Services", "count": 87, "avg_weekly_return": -0.2576728318968557, "avg_four_week_return": -2.256153052828468, "avg_twelve_week_return": -4.414478756999102, "trend_breadth": 19.54022988505747, "positive_md_breadth": 14.942528735632186, "positive_rs_breadth": 3.4482758620689653, "week_rank": 6, "four_week_rank": 41, "twelve_week_rank": 49, "top_peers": [{"id": 26704, "symbol": "490A", "name": "SENSE TRUST CO LTD", "exchange": "JPX", "url": "/terminal/4206f9c3-cf4c-4f46-8025-7ce4211961c8/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": 184.93449781659388, "four_week_return_label": "184.9%", "four_week_return_tone": "positive", "twelve_week_return": 200.0, "twelve_week_return_label": "200.0%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 24359, "symbol": "2970", "name": "Glc Group,Inc.", "exchange": "JPX", "url": "/terminal/6de082f7-a45c-45a3-ba2c-c2c93b61187d/report/", "weekly_return": 4.665492957746479, "weekly_return_label": "4.7%", "weekly_return_tone": "positive", "four_week_return": 12.169811320754716, "four_week_return_label": "12.2%", "four_week_return_tone": "positive", "twelve_week_return": 14.107485604606525, "twelve_week_return_label": "14.1%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": false, "positive_rs": false}, {"id": 25012, "symbol": "3465", "name": "Ki-Star Real Estate Co.,Ltd", "exchange": "JPX", "url": "/terminal/86ab8df5-9ae2-425e-9807-00db36ec3a92/report/", "weekly_return": 7.162921348314606, "weekly_return_label": "7.2%", "weekly_return_tone": "positive", "four_week_return": 9.0, "four_week_return_label": "9.0%", "four_week_return_tone": "positive", "twelve_week_return": 20.139068879677826, "twelve_week_return_label": "20.1%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": false, "positive_rs": false}, {"id": 24201, "symbol": "2780", "name": "Komehyo Holdings Co.,Ltd.", "exchange": "JPX", "url": "/terminal/ab898ed3-24ad-4c5b-8404-0e7c0df229db/report/", "weekly_return": -1.3435700575815739, "weekly_return_label": "-1.3%", "weekly_return_tone": "negative", "four_week_return": 6.528497409326425, "four_week_return_label": "6.5%", "four_week_return_tone": "positive", "twelve_week_return": 12.430531422151187, "twelve_week_return_label": "12.4%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 31471, "symbol": "8860", "name": "Fuji Corporation Limited", "exchange": "JPX", "url": "/terminal/41d31b37-445a-4c7c-b989-27f720bb6aa8/report/", "weekly_return": 3.462050599201065, "weekly_return_label": "3.5%", "weekly_return_tone": "positive", "four_week_return": 5.714285714285714, "four_week_return_label": "5.7%", "four_week_return_tone": "positive", "twelve_week_return": -5.681820710267086, "twelve_week_return_label": "-5.7%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "-0.83", "market_dynamics_tone": "negative", "md_4_change": "-7.5%", "relative_strength": "-23.91", "rs_4_change": "-35.1%", "expectation": "Positive", "expectation_probability": "58.24%"}, "volume": {"latest": "26.6M", "average_13": "16.7M", "average_52": "14.0M", "ratio_13": "1.6x", "ratio_52": "1.9x"}, "risk": {"volatility_13": "2.8%", "volatility_52": "3.1%", "downside_weeks": 20, "upside_weeks": 32, "downside_breadth": "38.5%", "average_gain": "2.3%", "average_loss": "-2.8%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-5.5%", "tone": "negative"}, {"label": "Volume", "value": "1.6x", "tone": "positive"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model.", "Volume is elevated versus the 13-week average, confirming attention.", "Latest weekly return ranks in the strongest part of its sector group."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Market Dynamics is negative, which weakens the current setup."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "939.1 JPY", "weekly_return": 4.9860230296254855, "weekly_return_label": "5.0%", "weekly_return_tone": "positive", "trend_line": "993.4 JPY", "fair_value": "799.1 JPY", "market_dynamics": "-0.83", "relative_strength": "-23.91", "volume": "26.6M", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "894.5 JPY", "weekly_return": -1.6600677658768948, "weekly_return_label": "-1.7%", "weekly_return_tone": "negative", "trend_line": "992.3 JPY", "fair_value": "797.1 JPY", "market_dynamics": "-0.80", "relative_strength": "-28.66", "volume": "26.3M", "trend_signal": "Off"}, {"week": "2026-05-29", "close": "909.6 JPY", "weekly_return": 0.8425694013303736, "weekly_return_label": "0.8%", "weekly_return_tone": "positive", "trend_line": "991.3 JPY", "fair_value": "795.3 JPY", "market_dynamics": "-0.84", "relative_strength": "-27.76", "volume": "31.4M", "trend_signal": "Off"}, {"week": "2026-05-22", "close": "902.0 JPY", "weekly_return": -7.4207111660151215, "weekly_return_label": "-7.4%", "weekly_return_tone": "negative", "trend_line": "989.7 JPY", "fair_value": "793.4 JPY", "market_dynamics": "-0.76", "relative_strength": "-25.57", "volume": "31.6M", "trend_signal": "Off"}, {"week": "2026-05-15", "close": "974.3 JPY", "weekly_return": -2.715927309036447, "weekly_return_label": "-2.7%", "weekly_return_tone": "negative", "trend_line": "990.3 JPY", "fair_value": "791.5 JPY", "market_dynamics": "-0.78", "relative_strength": "-17.70", "volume": "16.2M", "trend_signal": "On"}, {"week": "2026-05-08", "close": "1,002 JPY", "weekly_return": 0.2703255939566566, "weekly_return_label": "0.3%", "weekly_return_tone": "positive", "trend_line": "987.8 JPY", "fair_value": "789.1 JPY", "market_dynamics": "-0.81", "relative_strength": "-17.62", "volume": "7.4M", "trend_signal": "On"}, {"week": "2026-05-01", "close": "998.8 JPY", "weekly_return": -0.41874496510468745, "weekly_return_label": "-0.4%", "weekly_return_tone": "negative", "trend_line": "984.2 JPY", "fair_value": "786.5 JPY", "market_dynamics": "-0.69", "relative_strength": "-13.96", "volume": "18.1M", "trend_signal": "On"}, {"week": "2026-04-24", "close": "1,003 JPY", "weekly_return": -1.8590998043052838, "weekly_return_label": "-1.9%", "weekly_return_tone": "negative", "trend_line": "980.4 JPY", "fair_value": "783.9 JPY", "market_dynamics": "-0.63", "relative_strength": "-14.37", "volume": "12.7M", "trend_signal": "On"}, {"week": "2026-04-17", "close": "1,022 JPY", "weekly_return": -2.387774594078319, "weekly_return_label": "-2.4%", "weekly_return_tone": "negative", "trend_line": "978.4 JPY", "fair_value": "781.3 JPY", "market_dynamics": "-0.47", "relative_strength": "-11.43", "volume": "9.1M", "trend_signal": "On"}, {"week": "2026-04-10", "close": "1,047 JPY", "weekly_return": 0.38350910834132307, "weekly_return_label": "0.4%", "weekly_return_tone": "positive", "trend_line": "975.1 JPY", "fair_value": "778.3 JPY", "market_dynamics": "-0.28", "relative_strength": "-7.44", "volume": "7.7M", "trend_signal": "On"}, {"week": "2026-04-03", "close": "1,043 JPY", "weekly_return": 2.708025603151157, "weekly_return_label": "2.7%", "weekly_return_tone": "positive", "trend_line": "971.3 JPY", "fair_value": "775.1 JPY", "market_dynamics": "-0.02", "relative_strength": "-1.82", "volume": "10.2M", "trend_signal": "On"}, {"week": "2026-03-27", "close": "1,016 JPY", "weekly_return": -1.425174060403903, "weekly_return_label": "-1.4%", "weekly_return_tone": "negative", "trend_line": "966.4 JPY", "fair_value": "771.8 JPY", "market_dynamics": "0.29", "relative_strength": "-5.27", "volume": "12.5M", "trend_signal": "On"}, {"week": "2026-03-20", "close": "1,030 JPY", "weekly_return": -0.28422698928009615, "weekly_return_label": "-0.3%", "weekly_return_tone": "negative", "trend_line": "961.9 JPY", "fair_value": "768.6 JPY", "market_dynamics": "0.71", "relative_strength": "-4.27", "volume": "7.8M", "trend_signal": "On"}, {"week": "2026-03-13", "close": "1,033 JPY", "weekly_return": -3.8706704567830714, "weekly_return_label": "-3.9%", "weekly_return_tone": "negative", "trend_line": "957.4 JPY", "fair_value": "765.2 JPY", "market_dynamics": "1.08", "relative_strength": "-5.04", "volume": "11.2M", "trend_signal": "On"}], "chart_url": "/terminal/372c07d0-81fa-4d22-b09e-256ffc868bb4/", "api_path": "/terminal/372c07d0-81fa-4d22-b09e-256ffc868bb4/report/api/"}