Tokyu Land Corp. led decliners in the Nikkei 225 index shares with a drop of 10.7% followed by losses in Taiheiyo Cement of 10.6%, in Sumitomo Mitsui Financial Group of 5.9%, in Sumitomo Realty of 5.9%, and Heiwa Real Estate of 5.8%.

Other realty stocks fell. Mitsubishi Estates declined 4.5% to 1,307 yen, Mitsui Fudosan climbed down 3.8% to 1,395 yen.