NOMURA Co.,Ltd., First Half Ordinary Profit Decreases by 35%, June-Augus Ordinary Profit Decreases by 80%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Oct 10, 2024 4:00 pm JST Earnings

9716 NOMURA Co.,Ltd. 【J-GAAP】

Earnings Report

NOMURA Co.,Ltd. <9716> [TSE-P] announced its financial results after the market closed on October 10th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 34.5% from the same period last year to 1.52 billion yen. The progress rate against the 5.75 billion yen full-year plan was 26.6%, also falling below the five-year average of 41.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to expand by 38.9% from the same period last year, reaching 4.22 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit significantly dropped to 404 million yen, a 80.5% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.9% in the same period last year to 1.4%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Aug, 2022	47,484	1,040	1,141	830	7.5	35.2	Oct 6, 2022	J-GAAP
Mar - Aug, 2023	59,516	2,220	2,332	1,682	15.1	43.4	Oct 12, 2023	J-GAAP
Mar - Aug, 2024	57,945	1,442	1,527	851	7.6	26.6	Oct 10, 2024	J-GAAP
YoY	-2.6%	-35.0%	-34.5%	-49.4%	-49.4%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	ー	ー	ー	ー	－	0	Apr 11, 2024	J-GAAP
Mar - Aug, 2024 Results	57,945	1,442	1,527	851	7.6	0	Oct 10, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	74,622	2,993	3,041	2,180	19.6	27	Apr 11, 2024	J-GAAP
Sep - Feb, 2024 Guidance	79,055	4,258	4,223	3,249	29.1	27	Oct 10, 2024	J-GAAP
YoY	+5.9%	+42.3%	+38.9%	+49.0%	+48.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	110,928	3,113	3,246	2,229	20.0	25	Apr 6, 2023	J-GAAP
Feb, 2024	134,138	5,213	5,373	3,862	34.7	27	Apr 11, 2024	J-GAAP
Feb, 2025 Guidance	137,000	5,700	5,750	4,100	36.8	27	Apr 11, 2024	J-GAAP
YoY	+2.1%	+9.3%	+7.0%	+6.2%	+6.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	34,607	2,029	2,069	1,678	15.1	5.9	Oct 12, 2023	J-GAAP
Sep - Nov, 2023	35,583	1,292	1,298	829	7.4	3.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	39,039	1,701	1,743	1,351	12.1	4.4	Apr 11, 2024	J-GAAP
Mar - May, 2024	29,070	1,025	1,123	606	5.5	3.5	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	28,875	417	404	245	2.2	1.4	Oct 10, 2024	J-GAAP
YoY	-16.6%	-79.4%	-80.5%	-85.4%	-85.4%