Performance

DAIWA is one of the leading appraisal firms in Japan.

Revenue Ranking of Appraisal Firms in Japan

Company Name Revenue (Thousand yen)
2017 2018 2019
Daiwa Real Estate Appraisal 3,604,050 3,706,440 3,954,161
Japan Real Estate Institute 8,757,449 8,151,609 8,121,271
Tanizawa Sogo Appraisal 2,486,276 2,757,738 2,632,947
MU Real Estate Appraisal 2,077,700 2,179,986 2,085,355
SMBC Real Estate Appraisal Services 1,650,277 1,621,867 1,564,501
Sanyu System Appraisal 1,139,137 1,086,492 1,089,040
CBRE 671,868 962,283 1,329,863
2019
Company Name Revenue
(Thousand yen)
Daiwa Real Estate Appraisal 3,954,161
Japan Real Estate Institute 8,121,271
Tanizawa Sogo Appraisal 2,632,947
MU Real Estate Appraisal 2,085,355
SMBC Real Estate Appraisal Services 1,564,501
Sanyu System Appraisal 1,089,040
CBRE 1,329,863
2018
Company Name Revenue
(Thousand yen)
Daiwa Real Estate Appraisal 3,706,440
Japan Real Estate Institute 8,151,609
Tanizawa Sogo Appraisal 2,757,738
MU Real Estate Appraisal 2,179,986
SMBC Real Estate Appraisal Services 1,621,867
Sanyu System Appraisal 1,086,492
CBRE 962,283
2017
Company Name Revenue
(Thousand yen)
Daiwa Real Estate Appraisal 3,604,050
Japan Real Estate Institute 8,757,449
Tanizawa Sogo Appraisal 2,486,276
MU Real Estate Appraisal 2,077,700
SMBC Real Estate Appraisal Services 1,650,277
Sanyu System Appraisal 1,139,137
CBRE 671,868

Source: Ministry of Land, Infrastructure, Transport and Tourism

Number of Appraised Properties Owned by J-REITs

Company Name Number of Properties
Daiwa Real Estate Appraisal 982
Japan Real Estate Institute 1,467
Tanizawa Sogo Appraisal 775
JLL Morii Valuation & Advisory 361
Japan Valuers 205
Chuo Real Estate Appraisal 193
CBRE 87

As of June 2020

Number of Appraised Properties Owned by J-REITs, Categorized by Asset Type

Asset type Office Residence Retail Hotel Healthcares Logistics Leased fee
interests
in land
Other assets Grand Total
Number of J-REIT Properties
Appraised by Daiwa
364 383 80 65 37 26 21 5 981
Our Share 36.0% 21.7% 18.0% 20.8% 29.6% 6.5% 16.4% 14.7% 23.2%
Asset type Number of J-REIT Properties
Appraised by Daiwa
Our Share
Office 364 36.0%
Residence 383 21.7%
Retail 80 18.0%
Hotel 65 20.8%
Healthcares 37 29.6%
Logistics 26 6.5%
Leased fee interests in land 21 16.4%
Other assets 5 14.7%
Grand Total 981 23.2%

As of June 2020

Building Survey Performance

By Asset type Office Residence Retail Hotel Hospitals Logistics Factory Other assets Grand Total
Surveyed by Daiwa 956 1,323 438 480 125 270 105 287 3,984
Share 24.0% 33.2% 11.0% 12.0% 3.1% 6.8% 2.6% 7.2% 100.0%
By Asset type Surveyed
by Daiwa
Our Share
Office 956 24.0%
Residence 1,323 33.2%
Retail 438 11.0%
Hotel 480 12.0%
Hospitals 125 3.1%
Logistics 270 6.8%
Factory 105 2.6%
Other assets 287 7.2%
Grand Total 3,984 100.0%

As of June 2020

By Location Tokyo &
Kanagawa
Osaka &
Hyogo
Saitama &
Chiba
Fukuoka Aichi Hokkaido Kyoto Miyagi Other
Surveyed by Daiwa 1,460 675 244 176 125 153 100 70 981
Share 36.6% 16.9% 6.1% 4.4% 3.1% 3.8% 2.5% 1.8% 24.6%
By Location Surveyed
by Daiwa
Our Share
Tokyo & Kanagawa 1,460 36.6%
Osaka & Hyogo 675 16.9%
Saitama & Chiba 244 6.1%
Fukuoka 176 4.4%
Aichi 125 3.1%
Hokkaido 153 3.8%
Kyoto 100 2.5%
Miyagi 70 1.8%
Other 981 24.6%

As of June 2020