NOMURA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 8%, Exceeded Record Profit Forecast, Dividend Revised Upward by 2 Yen

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Fri Jan 9, 2026 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 January 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) surged 3.2 times that of the same period last year, reaching 10.1 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 8.3%, from the previous forecast of 12.1 billion yen to 13.1 billion yen (compared to 9.05 billion yen in the previous period), increasing the growth rate from 33.6% to 44.6%. The company has further increased its previous forecast of record profits for the first time in six years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the September to February period (second half) has been revised upward 19.7%, from the previous forecast of 5.07 billion yen to 6.07 billion yen (compared to 7.53 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 32.6% to 19.4%.

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 40 yen to 42 yen (compared to 32 yen in the previous period).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit increased 83.8% from the same period last year, reaching 3.08 billion yen. The operating profit margin improved from 4.5% in the same period last year to 7.5%.

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
Mar - Nov, 2023	95,099	3,512	3,630	2,511	22.5	67.6	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	94,234	3,085	3,206	2,235	20.1	35.4	Jan 10, 2025	J-GAAP
Mar - Nov, 2025	121,216	9,954	10,113	6,520	58.4	77.2	Jan 9, 2026	J-GAAP
YoY	+28.6%	+222.7%	+215.4%	+191.7%	+191.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2025 Prev	79,466	5,105	5,073	4,058	36.4	40	Oct 9, 2025	J-GAAP
Sep - Feb, 2025 New	82,466	6,105	6,073	4,708	42.2	42	Jan 9, 2026	J-GAAP
Revision Rate	+3.8%	+19.6%	+19.7%	+16.0%	+16.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2026 Prev	160,000	12,000	12,100	8,500	76.2	40	Oct 9, 2025	J-GAAP
Feb, 2026 New	163,000	13,000	13,100	9,150	82.0	42	Jan 9, 2026	J-GAAP
Revision Rate	+1.9%	+8.3%	+8.3%	+7.6%	+7.6%

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	82,466	6,105	6,073	4,708	42.2	42	Jan 9, 2026	J-GAAP
YoY	-10.7%	-18.1%	-19.4%	-20.3%	-20.4%

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	163,000	13,000	13,100	9,150	82.0	42	Jan 9, 2026	J-GAAP
YoY	+8.5%	+46.1%	+44.6%	+35.4%	+35.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Sep - Nov, 2025	40,682	3,059	3,086	2,078	18.6	7.5	Jan 9, 2026	J-GAAP
YoY	+12.1%	+86.2%	+83.8%	+50.1%	+50.0%