NTT Docomo completed the sale of two land plots in central Tokyo for roughly ¥59 billion (US$371 million) by March 31, 2026, marking a major transaction in Japan’s rising property market [1].
The larger plot, surrounding the Hitotsubashi building in Chiyoda Ward, was sold to Sumitomo for about ¥50 billion. A separate land parcel beneath a building in the Shinjuku district fetched around ¥9 billion from Japan Post Real Estate [2, 1]. Despite selling the land, NTT Docomo will continue to own the buildings standing on those plots [2, 1].
The company has been pursuing these land sales to increase cost and asset-holding efficiency and to secure additional funding amid challenges in its core business. NTT Docomo's operating profit declined for four consecutive years through March 31, 2026, hurt by heavy investment and high promotional expenses in consumer communications [1].
In December 2025, sources reported NTT Docomo was considering selling land under four office buildings in Tokyo, anticipating total proceeds exceeding ¥100 billion. However, no sale was completed on the notable NTT Docomo Yoyogi Building, also known as Docomo Tower [1].
Foreign and domestic investors, including KKR and Blackstone, have been increasingly active in Japan’s real estate market, drawn by rising property prices and prospects for further gains [1]. These sales by NTT Docomo reflect the ongoing inflow of capital into Tokyo’s property sector.
NTT Docomo is expected to continue asset sales as part of its efforts to enhance financial stability and operational efficiency amid the challenging profit environment it faces.
