Nomura Holdings Inc. reported its fourth‑quarter and full‑year 2026 operating results, with net revenue for the year rising 15% to ¥2,167.7 billion and income before income taxes increasing 14% to ¥539.8 billion. The company highlighted that the growth was driven by strong performance in its Wealth Management, Investment Management, and Wholesale divisions, and that no one‑time items were recorded for the full year.
For the quarter ended March 31, 2026, Nomura posted net revenue of ¥577.2 billion, up 27% from ¥452.7 billion in the same period a year earlier, and income before income taxes of ¥107.7 billion, a 20% decline from ¥127.7 billion in Q4 FY2025. The decline was attributed to an impairment loss in the Investment Management segment and a reduction in profit from affiliates in the Other segment, according to CFO Hiroyuki Moriuchi.
Earnings per share for Q4 2026 were ¥24.34, falling short of the consensus estimate of $0.21 (≈¥24.5) and reflecting the quarterly profit decline. Full‑year EPS was ¥24.34, up 29% from ¥18.8 in FY2025, driven by higher fee‑based income and improved operating leverage.
The company did not provide forward guidance in the earnings call. However, management reiterated its confidence in the ongoing transformation toward fee‑based revenue and highlighted a record high net income of ¥362.1 billion, up 19% from ¥295.5 billion in FY2025, and a return on equity of 10.1%.
Nomura declared a year‑end dividend of ¥24 per share, bringing the annual dividend to ¥51, and announced plans to grant restricted stock units and performance share units in late May 2026. The results reinforce the firm’s progress toward its 2030 vision of sustainable growth and a return on equity of 8‑10%.
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