Nomura Research Institute,Ltd., First Half Net Income Increases by 21%, July-September Net Income Increases by 15%

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.

Wed Oct 30, 2024 3:00 pm JST Earnings

4307 Nomura Research Institute,Ltd. 【IFRS】

Earnings Report

Nomura Research Institute,Ltd. <4307> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 30th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 21.2% from the same period last year, reaching 45.6 billion yen. The progress rate against the 88 billion yen full-year plan was 51.9%, also surpassing the four-year average of 48.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to nearly flat at 42.3 billion yen, up 0.9% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 14.8% from the same period last year, reaching 23.4 billion yen. The operating profit margin rose from 17.2% in the same period last year to 17.5%.

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
Apr - Sep, 2022	339,054	55,268	53,753	35,857	60.7	49.5	Oct 27, 2022	IFRS
Apr - Sep, 2023	362,065	58,865	57,539	37,662	64.1	49.1	Oct 26, 2023	IFRS
Apr - Sep, 2024	376,778	65,635	65,435	45,653	79.4	50.7	Oct 30, 2024	IFRS
YoY	+4.1%	+11.5%	+13.7%	+21.2%	+23.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	380,000	64,000	62,000	41,000	71.5	29	Apr 25, 2024	IFRS
Apr - Sep, 2024 Results	376,778	65,635	65,435	45,653	79.4	29	Oct 30, 2024	IFRS
Revision Rate	-0.8%	+2.6%	+5.5%	+11.3%	+11.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	374,491	61,546	59,685	41,981	72.2	29	Apr 25, 2024	IFRS
Oct - Mar, 2024 Guidance	403,222	66,365	63,565	42,347	74.1	29	Oct 30, 2024	IFRS
YoY	+7.7%	+7.8%	+6.5%	+0.9%	+2.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	692,165	111,832	108,499	76,307	128.9	45	Apr 27, 2023	IFRS
Mar, 2024	736,556	120,411	117,224	79,643	136.9	53	Apr 25, 2024	IFRS
Mar, 2025 Guidance	780,000	132,000	129,000	88,000	154.1	58	Apr 25, 2024	IFRS
YoY	+5.9%	+9.6%	+10.0%	+10.5%	+12.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	185,356	31,838	30,959	20,452	34.8	17.2	Oct 26, 2023	IFRS
Oct - Dec, 2023	187,954	32,374	31,735	23,431	40.2	17.2	Jan 31, 2024	IFRS
Jan - Mar, 2024	186,537	29,172	27,950	18,550	31.9	15.6	Apr 25, 2024	IFRS
Apr - Jun, 2024	188,110	32,643	32,050	22,166	38.5	17.4	Jul 25, 2024	IFRS
Jul - Sep, 2024	188,668	32,992	33,385	23,487	40.9	17.5	Oct 30, 2024	IFRS
YoY	+1.8%	+3.6%	+7.8%	+14.8%	+17.3%