Nomura Wins Board Approval for ¥60 Billion Share Buyback Program

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

Nomura Holdings reported to the U.S. Securities and Exchange Commission on February 12, 2026 that it had authorized a substantial share repurchase program but had not yet executed any buybacks during the period from January 1 to January 31, 2026. As of January 31, 2026, the board-approved mandate allowed for the repurchase of up to 100 million shares for as much as ¥60 billion between February 17 and September 30, 2026, while the group’s treasury stock stood at 229,306,283 shares out of 3,163,562,601 issued shares, and only 24,600 shares were disposed in January through the exercise of stock acquisition rights, signaling a potentially significant future capital-management move once the program begins.

The filing shows that, although no buybacks had taken place by the end of January, Nomura has created capacity for meaningful shareholder returns via repurchases later in 2026. Investors will likely view the large authorization, equivalent to a notable slice of its free float, as a supportive signal for capital efficiency and earnings-per-share accretion, while the modest January share dispositions mainly reflect routine equity compensation and stock option exercises rather than any strategic shift in ownership structure.

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, operating primarily in investment banking, retail and wholesale securities, and asset management. Listed in the U.S. as a foreign private issuer, it serves institutional and individual investors worldwide, with a particular focus on Japanese and Asian capital markets and cross-border financing and advisory services.

Average Trading Volume: 1,169,914

Technical Sentiment Signal: Buy

Current Market Cap: $27.89B

See more data about NMR stock on TipRanks’ Stock Analysis page.