Q1 2027 Nomura Holdings Inc Earnings Call Transcript
Key Points
- Nomura Holdings Inc (NMR) reported higher revenue and income before income taxes across all divisions, achieving a 15.4% increase compared to the previous quarter.
- The company's recurring revenue business showed significant growth, contributing to a stronger stable revenue base.
- International businesses experienced sharp growth, with income before income taxes in overseas regions reaching a record high since fiscal year 2008-09.
- The wealth management division saw a 9% increase in net revenue and a 16% increase in income before income taxes, driven by strong asset management performance.
- Investment management net revenue rose 14%, with income before income taxes increasing by 148%, marking the best performance since the division's establishment in April 2021.
- Total sales by product fell compared to the previous quarter, with stocks registering a decline of 36% due to the absence of major tender offers.
- Investment banking net revenue fell 9% compared to the previous quarter, despite hitting an all-time high for the first quarter of the fiscal year.
- The wholesale division's net revenue slowed somewhat in July due to seasonal factors and market conditions.
- Expenses increased by about 1% from the previous quarter, driven by performance-linked bonus provisions and other compensation and benefits.
- The EMEA region continued to incur losses despite a favorable market environment, partly due to its role as a booking center with associated costs.
The conference is now in presentation mode. Your line is muted.
Good day everyone and welcome to today's Nomura Holdings first quarter operating results for fiscal year ended March 2027 conference call. Please be reminded that today's conference call is being recorded at the request of the hosting company.
(Operator Instructions)
Please note that this telephone conference contains certain forward-looking statements and other projected results, which involve known and unknown risks, delays, uncertainties, and other factors not under the company's control, which may cause actual results, performance, or achievements of the company to be materially different from the results, performance, or other expectations implied by these projections.
Such factors include economic and market conditions, political events and investor sentiments, liquidity of secondary markets, level and volatility of interest rates, currency exchange rates, security valuations, competitive conditions and size, number and timing of transactions.
With that, we'd like to begin the conference.
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