NOMURA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 37%, Raises Record High Profit Forecast, Dividend Revised Upward by 27 Yen

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Thu Sep 11, 2025 3:30 pm JST Earnings

7131 NOMURA CORPORATION 【J-GAAP】

Earnings Report

NOMURA CORPORATION <7131> [TSE Std] announced its financial results after the market closed on September 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2025 (November 2024 to July 2025) expanded 555 million yen, an increase 38.1% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 36.8%, from the previous forecast of 544 million yen to 744 million yen (compared to 510 million yen in the previous period), increasing the growth rate from 6.7% to 45.9%, further surpassing the previous forecast of record-high profits for five consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the May to October period (second half) is expected to increase 86.6%, from the previous forecast of 231 million yen to 431 million yen (compared to 238 million yen in the same period of the previous year), turning to an 81.1% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 62 yen to 89 yen (compared to 59 yen in the previous period).

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit increased 86.2% from the same period last year, reaching 242 million yen. The operating profit margin significantly improved from 8.2% in the same period last year to 12.9%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Nov - Jul, 2022	4,450	359	358	227	172.1	80.3	Sep 13, 2023	J-GAAP
Nov - Jul, 2023	4,777	398	402	258	195.3	78.8	Sep 13, 2024	J-GAAP
Nov - Jul, 2024	5,129	554	555	371	281.0	74.6	Sep 11, 2025	J-GAAP
YoY	+7.4%	+39.2%	+38.1%	+43.8%	+43.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2025 Prev	3,450	233	231	145	109.7	62	Jun 13, 2025	J-GAAP
May - Oct, 2025 New	3,823	432	431	301	227.6	89	Sep 11, 2025	J-GAAP
Revision Rate	+10.8%	+85.4%	+86.6%	+107.6%	+107.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2025 Prev	6,700	544	544	352	266.2	62	Dec 13, 2024	J-GAAP
Oct, 2025 New	7,073	743	744	508	384.2	89	Sep 11, 2025	J-GAAP
Revision Rate	+5.6%	+36.6%	+36.8%	+44.3%	+44.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024	3,401	235	238	165	124.9	59	Dec 13, 2024	J-GAAP
May - Oct, 2025 Guidance	3,823	432	431	301	227.6	89	Sep 11, 2025	J-GAAP
YoY	+12.4%	+83.8%	+81.1%	+82.4%	+82.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2023	5,972	448	446	290	219.6	52	Dec 14, 2023	J-GAAP
Oct, 2024	6,612	505	510	339	256.5	59	Dec 13, 2024	J-GAAP
Oct, 2025 Guidance	7,073	743	744	508	384.2	89	Sep 11, 2025	J-GAAP
YoY	+7.0%	+47.1%	+45.9%	+49.9%	+49.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2024	1,566	128	130	84	63.6	8.2	Sep 13, 2024	J-GAAP
Aug - Oct, 2024	1,835	107	108	81	61.3	5.8	Dec 13, 2024	J-GAAP
Nov - Jan, 2024	1,576	132	131	83	62.9	8.4	Mar 14, 2025	J-GAAP
Feb - Apr, 2025	1,674	179	182	124	94.1	10.7	Jun 13, 2025	J-GAAP
May - Jul, 2025	1,879	243	242	164	124.2	12.9	Sep 11, 2025	J-GAAP
YoY	+20.0%	+89.8%	+86.2%	+95.2%	+95.3%