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NOMURA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 26%, Highest in Six Terms, Dividend Revised Upward by 6 Yen

Thu Oct 9, 2025 3:30 pm JST Earnings

9716 NOMURA Co.,Ltd. 【J-GAAP】

Earnings Report

NOMURA Co.,Ltd. <9716> [TSE Prime] announced its financial results after the market closed on October 9th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) surged 4.6 times that of the same period last year, reaching 7.02 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 26.0%, from the previous forecast of 9.60 billion yen to 12.1 billion yen (compared to 9.05 billion yen in the previous period), increasing the growth rate from 6.0% to 33.6%, reaches new record high for the first time in six terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to drop 32.6% from the same period last year to 5.07 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 34 yen to 40 yen (compared to 32 yen in the previous period).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit surged 6.0 times that of the same period last year, reaching 2.43 billion yen. The operating profit margin significantly improved from 1.4% in the same period last year to 6.0%.

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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, 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 16.9 Oct 10, 2024 J-GAAP
Mar - Aug, 2025 80,534 6,895 7,027 4,442 39.8 58.1 Oct 9, 2025 J-GAAP
YoY +39.0% +378.2% +360.2% +422.0% +421.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance ー ー ー ー － 0 Apr 10, 2025 J-GAAP
Mar - Aug, 2025 Results 80,534 6,895 7,027 4,442 39.8 0 Oct 9, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Prev 155,000 9,500 9,600 7,000 62.7 34 Apr 10, 2025 J-GAAP
Feb, 2026 New 160,000 12,000 12,100 8,500 76.2 40 Oct 9, 2025 J-GAAP
Revision Rate +3.2% +26.3% +26.0% +21.4% +21.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 92,311 7,455 7,532 5,906 53.0 32 Apr 10, 2025 J-GAAP
Sep - Feb, 2025 Guidance 79,466 5,105 5,073 4,058 36.4 40 Oct 9, 2025 J-GAAP
YoY -13.9% -31.5% -32.6% -31.3% -31.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 134,138 5,213 5,373 3,862 34.7 27 Apr 11, 2024 J-GAAP
Feb, 2025 150,256 8,897 9,059 6,757 60.6 32 Apr 10, 2025 J-GAAP
Feb, 2026 Guidance 160,000 12,000 12,100 8,500 76.2 40 Oct 9, 2025 J-GAAP
YoY +6.5% +34.9% +33.6% +25.8% +25.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 28,875 417 404 245 2.2 1.4 Oct 10, 2024 J-GAAP
Sep - Nov, 2024 36,289 1,643 1,679 1,384 12.4 4.5 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 56,022 5,812 5,853 4,522 40.6 10.4 Apr 10, 2025 J-GAAP
Mar - May, 2025 40,815 4,530 4,593 3,024 27.1 11.1 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 39,719 2,365 2,434 1,418 12.7 6.0 Oct 9, 2025 J-GAAP
YoY +37.6% +467.1% +502.5% +478.8% +477.7%

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