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

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 Performance and Financial Trends

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
95,099M 3,512M 3,630M 2,511M 22.5 67.6 Jan 12, 2024 J-GAAP
Mar - Nov, 2024
94,234M 3,085M 3,206M 2,235M 20.1 35.4 Jan 10, 2025 J-GAAP
Mar - Nov, 2025
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

Second Half 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%
Full Year Update
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

Second Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Sep - Feb, 2024
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%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Feb, 2024
134,138M 5,213M 5,373M 3,862M 34.7 27 Apr 11, 2024 J-GAAP
Feb, 2025
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
Sep - Nov, 2024
36,289M 1,643M 1,679M 1,384M 12.4 4.5 Jan 10, 2025 J-GAAP
Dec - Feb, 2024
56,022M 5,812M 5,853M 4,522M 40.6 10.4 Apr 10, 2025 J-GAAP
Mar - May, 2025
40,815M 4,530M 4,593M 3,024M 27.1 11.1 Jul 10, 2025 J-GAAP
Jun - Aug, 2025
39,719M 2,365M 2,434M 1,418M 12.7 6.0 Oct 9, 2025 J-GAAP
Sep - Nov, 2025
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%