Nomura Lifts Earnings for FY2026 but Trims Annual Dividend After Commemorative Payout

Nomura Holdings ( (JP:8604) ) has provided an update.

Nomura Holdings reported steady growth for the fiscal year ended March 31, 2026, with net revenue rising 14.5% to ¥2.17 trillion and net income attributable to shareholders increasing 6.3% to ¥362.1 billion, while profitability ratios such as return on equity and margin on total revenue slightly improved. Total assets expanded to ¥62.6 trillion and shareholders’ equity per share increased, although the equity ratio dipped marginally, reflecting balance sheet expansion and a more leveraged asset base.

Operating cash flow and investing cash flow were both negative, offset by higher financing cash inflows, resulting in a small decline in year-end cash balances and underscoring the group’s funding-intensive business model. The annual dividend was reduced to ¥51 per share from ¥57, normalizing after a prior-year commemorative payout and lowering the payout ratio, while Nomura also incorporated Delaware Management Company as a specified subsidiary and adopted new accounting policies, signaling ongoing structural and regulatory adjustments within its global operations.

The most recent analyst rating on (JP:8604) stock is a Buy with a Yen1440.00 price target. To see the full list of analyst forecasts on Nomura Holdings stock, see the JP:8604 Stock Forecast page.

More about Nomura Holdings

Nomura Holdings, Inc. is a Japan-based global financial services group listed in Tokyo, Nagoya, New York and Singapore that provides investment, financing and related services across capital markets. The firm focuses on securities, investment banking and asset management, serving institutional and retail clients worldwide and positioning itself as a key intermediary in global capital flows.

Average Trading Volume: 12,637,719

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen3834.3B

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