Full Year 2026 Nomura Holdings Inc Earnings Call Transcript
Key Points
- Nomura Holdings Inc (NMR) achieved a record high net income of JPY362.1 billion for the second consecutive year.
- Group net revenue increased by 15% year-on-year, reaching JPY2.1677 trillion.
- Wealth Management and Wholesale divisions achieved their highest income since establishment, driving company-wide earnings.
- Investment Management saw assets under management rise by more than 50% to around JPY137 trillion.
- The company announced an ordinary dividend of JPY24 per share, bringing the annual dividend to JPY51 per share with a payout ratio of 41%.
- Fourth quarter income before income taxes fell 20% to JPY107.7 billion, and net income was down 19% at JPY73.9 billion.
- An impairment loss at an investee company in Investment Management negatively impacted earnings.
- Wholesale net revenue fell 2% to JPY308.1 billion, with income before income taxes declining 31% to JPY43.2 billion.
- Expenses increased by 13% quarter-on-quarter, driven by impairment losses and changes to remuneration regulations.
- The common equity Tier 1 ratio slightly decreased to 12.9% from 13.0% at the end of December.
This is Moriuchi, CFO. Thank you for joining us. I will now give you an overview of our financial results for the fourth quarter and full year for the fiscal year ended March 2026. Please turn to Page 2.
First of all, our full year results. As you can see on the bottom left, group net revenue increased 15% year-on-year to JPY2.1677 trillion, while income before income taxes grew 14% to JPY539.8 billion, and net income increased 6% to JPY362.1 billion, setting a record high for the second consecutive year. We achieved full year ROE of 10.1%, on target for the second year in a row since we set our ROE target range of 8% to 10% or more by 2030.
Four segment income before income taxes reached an all-time high of JPY506.9 billion. Wealth Management and Wholesale drove company-wide earnings while both divisions achieving their highest income since their respective establishments. Wealth Management achieved growth of 23% in income before income taxes as the recurring revenue-based business model gained further
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
