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NOMURA, The Current Fiscal Year Ordinary Profit Revised Upward by 41%, Dividend Revised Upward by 5 yen

Fri Jan 10, 2025 3:00 pm JST Earnings

9716 NOMURA Co.,Ltd. 【J-GAAP】

Earnings Report

NOMURA Co.,Ltd. <9716> [TSE Prime] announced its financial results in the afternoon session on January 10th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 11.7% from the same period last year to 3.2 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 40.9%, from the previous forecast of 5.75 billion yen to 8.1 billion yen (compared to 5.37 billion yen in the previous period), increasing the growth rate from 7.0% to 50.8%.

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 (2H) is expected to increase 55.6%, from the previous forecast of 4.22 billion yen to 6.57 billion yen (compared to 3.04 billion yen in the same period of the previous year), increasing the growth rate from 38.9% to 2.2 times.

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 27 yen to 32 yen (compared to 27 yen in the previous period).

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit grew 29.4% from the same period last year, reaching 1.67 billion yen. The operating profit margin improved from 3.6% in the same period last year to 4.5%.

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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, 2022 76,846 1,821 1,932 1,366 12.3 59.5 Jan 12, 2023 J-GAAP
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 39.6 Jan 10, 2025 J-GAAP
YoY -0.9% -12.2% -11.7% -11.0% -11.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 Prev 79,055 4,258 4,223 3,249 29.1 27 Oct 10, 2024 J-GAAP
Sep - Feb, 2024 New 91,055 6,558 6,573 5,149 46.2 32 Jan 10, 2025 J-GAAP
Revision Rate +15.2% +54.0% +55.6% +58.5% +58.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 137,000 5,700 5,750 4,100 36.8 27 Apr 11, 2024 J-GAAP
Feb, 2025 New 149,000 8,000 8,100 6,000 53.8 32 Jan 10, 2025 J-GAAP
Revision Rate +8.8% +40.4% +40.9% +46.3% +46.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 74,622 2,993 3,041 2,180 19.6 27 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 91,055 6,558 6,573 5,149 46.2 32 Jan 10, 2025 J-GAAP
YoY +22.0% +119.1% +116.1% +136.2% +135.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 110,928 3,113 3,246 2,229 20.0 25 Apr 6, 2023 J-GAAP
Feb, 2024 134,138 5,213 5,373 3,862 34.7 27 Apr 11, 2024 J-GAAP
Feb, 2025 Guidance 149,000 8,000 8,100 6,000 53.8 32 Jan 10, 2025 J-GAAP
YoY +11.1% +53.5% +50.8% +55.4% +55.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 35,583 1,292 1,298 829 7.4 3.6 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 39,039 1,701 1,743 1,351 12.1 4.4 Apr 11, 2024 J-GAAP
Mar - May, 2024 29,070 1,025 1,123 606 5.5 3.5 Jul 11, 2024 J-GAAP
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
YoY +2.0% +27.2% +29.4% +66.9% +66.9%

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