Characteristics in Financial Performances of Japanese Real Estate Industry as Compared to Some Other Industries

Abstract

The paper discusses how much Japanese real estate industry to differ from some other industries in financial performances and how to reduce financial performance indexes into two or three alternative indexes using multivariate statistics. The results show that the Japanese real estate industry is very different statistically in financial performances from other industries considered in this research and the financial performance indexes can be effectively integrated into a few combined indexes using principal component analysis.