NOMURA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 8%, Exceeded Record Profit Forecast, Dividend Revised Upward by 2 Yen
9716 NOMURA Co.,Ltd. 【J-GAAP】
Earnings ReportNOMURA 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 Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
95,099M | 3,512M | 3,630M | 2,511M | 22.5 | 67.6 | Jan 12, 2024 | J-GAAP |
|
|
94,234M | 3,085M | 3,206M | 2,235M | 20.1 | 35.4 | Jan 10, 2025 | J-GAAP |
|
|
121,216M | 9,954M | 10,113M | 6,520M | 58.4 | 77.2 | Jan 9, 2026 | J-GAAP |
| YoY | +28.6% | +222.7% | +215.4% | +191.7% | +191.5% |
Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Feb, 2025 Prev | 79,466M | 5,105M | 5,073M | 4,058M | 36.4 | 40 | Oct 9, 2025 | J-GAAP |
| Sep - Feb, 2025 New | 82,466M | 6,105M | 6,073M | 4,708M | 42.2 | 42 | Jan 9, 2026 | J-GAAP |
| Revision Rate | +3.8% | +19.6% | +19.7% | +16.0% | +16.0% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2026 Prev | 160,000M | 12,000M | 12,100M | 8,500M | 76.2 | 40 | Oct 9, 2025 | J-GAAP |
| Feb, 2026 New | 163,000M | 13,000M | 13,100M | 9,150M | 82.0 | 42 | Jan 9, 2026 | J-GAAP |
| Revision Rate | +1.9% | +8.3% | +8.3% | +7.6% | +7.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
92,311M | 7,455M | 7,532M | 5,906M | 53.0 | 32 | Apr 10, 2025 | J-GAAP |
|
Guidance
Sep - Feb, 2025
|
82,466M | 6,105M | 6,073M | 4,708M | 42.2 | 42 | Jan 9, 2026 | J-GAAP |
| YoY | -10.7% | -18.1% | -19.4% | -20.3% | -20.4% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
134,138M | 5,213M | 5,373M | 3,862M | 34.7 | 27 | Apr 11, 2024 | J-GAAP |
|
|
150,256M | 8,897M | 9,059M | 6,757M | 60.6 | 32 | Apr 10, 2025 | J-GAAP |
|
Guidance
Feb, 2026
|
163,000M | 13,000M | 13,100M | 9,150M | 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 |
|---|---|---|---|---|---|---|---|---|
|
|
36,289M | 1,643M | 1,679M | 1,384M | 12.4 | 4.5 | Jan 10, 2025 | J-GAAP |
|
|
56,022M | 5,812M | 5,853M | 4,522M | 40.6 | 10.4 | Apr 10, 2025 | J-GAAP |
|
|
40,815M | 4,530M | 4,593M | 3,024M | 27.1 | 11.1 | Jul 10, 2025 | J-GAAP |
|
|
39,719M | 2,365M | 2,434M | 1,418M | 12.7 | 6.0 | Oct 9, 2025 | J-GAAP |
|
|
40,682M | 3,059M | 3,086M | 2,078M | 18.6 | 7.5 | Jan 9, 2026 | J-GAAP |
| YoY | +12.1% | +86.2% | +83.8% | +50.1% | +50.0% |
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