Q3 2026 Nomura Holdings Inc Earnings Call Transcript
Key Points
- Nomura Holdings Inc (NMR) achieved a return on equity of 10.3%, surpassing its 2030 target range for the seventh consecutive quarter.
- Group-wide net revenue increased by 7% over the last quarter, reaching JPY51.8 billion.
- Wealth Management division saw a 30% growth compared to the previous quarter, with net revenue increasing by 14% to JPY132.5 billion.
- Investment Management achieved an all-time high in business revenue due to the consolidation of Macquarie Group's public asset management business.
- Nomura Holdings Inc (NMR) announced a share buyback program to enhance shareholder return and capital efficiency, with an upper limit of 100 million shares and JPY60 billion in amount.
- Income before income taxes and net income both fell by 1% compared to the previous quarter.
- The segment 'Other' incurred losses due to a downturn in market conditions for digital asset-related businesses.
- Investment Management profits fell due to weaker investment gains and one-time expenses associated with the Macquarie acquisition.
- Group-wide expenses increased by 10% from the previous quarter, driven by FX impact and one-off costs.
- The common equity Tier 1 ratio decreased due to changes in the calculation method for regulatory capital ratio following the Macquarie acquisition.
Good day, everyone, and welcome to today's Nomura Holdings Third Quarter Operating Results for Fiscal Year Ending March 2026 Conference Call. Please be reminded that today's conference call is being recorded at the request of the hosting company. Should you have any objections, you may disconnect at this point in time. (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. Mr. Hiroyuki
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