Nomura Research Institute, Net Income Forecast for Last Fiscal Year Revised Downward to an Unexpected 84% Decrease
4307 Nomura Research Institute,Ltd. 【IFRS】
Guidance Update ReportNomura Research Institute,Ltd. <4307> [TSE Prime] announced a performance revision after the market closed on April 23rd (15:30). The consolidated net income forecast for the fiscal year ending March 2026 has decreased 85.6%, from the previous forecast of 104 billion yen to 15.0 billion yen (compared to 93.7 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of an 84.0% decrease in profit.
Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income/loss has been revised downward from an expected profit of 50.4 billion yen to a loss of 38.5 billion yen (compared to a profit of 48.1 billion yen in the same period of the previous year), turning to a loss outlook.
Kabutan News
Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Prev | 412,935M | 71,201M | 71,544M | 50,435M | 87.9 | 39 | Oct 30, 2025 | IFRS |
| Oct - Mar, 2025 New | 416,935M | -20,799M | -20,456M | -38,565M | -67.3 | 39 | Apr 23, 2026 | IFRS |
| Revision Rate | +1.0% | － | － | － | － |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 810,000M | 150,000M | 151,000M | 104,000M | 181.3 | 74 | Apr 24, 2025 | IFRS |
| Mar, 2026 New | 814,000M | 58,000M | 59,000M | 15,000M | 26.2 | 74 | Apr 23, 2026 | IFRS |
| Revision Rate | +0.5% | -61.3% | -60.9% | -85.6% | -85.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
388,035M | 69,272M | 68,726M | 48,109M | 83.9 | 34 | Apr 24, 2025 | IFRS |
|
Guidance
Oct - Mar, 2025
|
416,935M | -20,799M | -20,456M | -38,565M | -67.3 | 39 | Apr 23, 2026 | IFRS |
| YoY | +7.4% | － | － | － | － |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
736,556M | 120,411M | 117,224M | 79,643M | 136.9 | 53 | Apr 25, 2024 | IFRS |
|
|
764,813M | 134,907M | 134,161M | 93,762M | 163.6 | 63 | Apr 24, 2025 | IFRS |
|
Guidance
Mar, 2026
|
814,000M | 58,000M | 59,000M | 15,000M | 26.2 | 74 | Apr 23, 2026 | IFRS |
| YoY | +6.4% | -57.0% | -56.0% | -84.0% | -84.0% |
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