Nomura Posts Higher Nine-Month Earnings as Assets and Risk Exposure Rise

Nomura Holdings ( (NMR) ) has provided an update.

In a Form 6-K filed on February 6, 2026, Nomura Holdings reported results for the nine months ended December 31, 2025, posting net revenue of 1,590.5 billion yen, up 10.5% year-on-year, and net income attributable to shareholders of 288.2 billion yen, with basic earnings per share of 97.73 yen and a return on equity of 10.8%. The group’s total assets rose to 61.9 trillion yen and total equity to 3.8 trillion yen, driven mainly by higher trading assets and retained earnings, while risk-weighted assets climbed to 24,155 billion yen, leading to modestly lower capital ratios despite an increase in total capital to 3,825 billion yen; Tier 1 and Common Equity Tier 1 ratios stood at 15.0% and 12.8%, respectively, on preliminary figures, and value at risk increased 63.2% to 6.2 billion yen, highlighting higher market risk exposure. Nomura also reported a global workforce of 28,601 employees as of December 31, 2025, and solid growth in its Wealth Management segment, where net revenue and income before income taxes both improved versus the prior-year period, underscoring continued strength in its core domestic franchise even as higher trading activities and rising credit risk reshape its capital and risk profile.

The most recent analyst rating on (NMR) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Nomura Holdings stock, see the NMR Stock Forecast page.

Spark’s Take on NMR Stock

According to Spark, TipRanks’ AI Analyst, NMR is a Neutral.

The score is held back primarily by negative operating/free cash flow and high leverage, despite strong technical trend support, attractive valuation with a high dividend yield, and a generally positive earnings call highlighted by sustained ROE and a JPY 60bn buyback.

To see Spark’s full report on NMR stock, click here.

More about Nomura Holdings

Nomura Holdings, Inc. is a Japan-based global financial services group headquartered in Tokyo, operating primarily in securities, investment banking and wealth management. Through its consolidated entities, Nomura provides trading, advisory and capital markets services to institutional and retail clients across Japan, the Americas, Europe, Asia and Oceania, with a balance sheet and capital framework managed under Basel III-based capital adequacy rules as a Final Designated Parent Company in Japan.

Average Trading Volume: 1,115,162

Technical Sentiment Signal: Buy

Current Market Cap: $25.8B

See more insights into NMR stock on TipRanks’ Stock Analysis page.