NOMURA CORPORATION (7131) AI Stock Analysis

• Market Cap: ¥6.19B
• Dividend Yield: 2.85%
• Average Volume (3M): 12.58K
• Price to Earnings (P/E): 10.9
• Beta (1Y): 0.40
• Revenue Growth: 7.55%
• EPS Growth: 49.84%
• Country: JP
• Employees: 111
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaging & Containers
• EPS (TTM): 103.42
• Shares Outstanding: 1,391,575
• 10 Day Avg. Volume: 26,790
• 30 Day Avg. Volume: 12,580
• PEG Ratio: 0.15
• Price to Book (P/B): 1.59
• Price to Sales (P/S): 0.52
• P/FCF Ratio: 3.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: ¥4,680.00 ▲(58.11% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is driven primarily by strong financial performance (growth, improving profitability, low leverage, and solid cash generation) and supportive valuation (low P/E with a dividend). These positives are partially offset by technical overbought signals despite a clear uptrend.

Positive Factors

Consistent revenue growth & improving margins

Sustained revenue growth combined with rising EBIT/EBITDA margins signals durable demand for core services and improving operational efficiency. This supports predictable earnings power, enabling reinvestment and margin resilience over the next 2-6 months and beyond.

Healthy balance sheet and low leverage

Low leverage and a stable equity ratio provide financial flexibility to withstand shocks, fund opportunistic investments, and sustain capital returns. This capital strength reduces refinancing risk and supports strategic choices over the medium term.

Robust cash flow conversion

High free cash flow and strong operating cash conversion underpin the company’s ability to fund growth, pay dividends, or reduce debt without reliance on external financing. Reliable cash generation is a durable foundation for shareholder returns and resilience.

Negative Factors

Limited forward guidance

Absence of formal guidance reduces visibility into management’s outlook and makes forecasting harder for investors and counterparties. Over a 2-6 month horizon this can hinder clarity on capital allocation, budgeting and performance expectations.

No recent corporate events or strategic disclosures

A lack of announced strategic moves (M&A, partnerships, restructuring) suggests fewer visible catalysts to accelerate growth or reposition the business. Without active initiatives, revenue and competitive advances may rely only on organic improvements.

Sparse public newsflow and related coverage

Minimal recent public news or analyst coverage can limit market intelligence on strategic shifts, regulatory developments, or new products. This reduces transparency and may slow detection of material structural changes affecting medium-term prospects.

NOMURA CORPORATION Business Overview & Revenue Model

Company Description

Nomura Corporation develops, manufactures, and sells packaging materials and packaging machines in Japan. The company offers rice bags; other packaging materials, such as labels, containers, paper, film, and cardboard products; tube roll packaging materials; and logistics packing services. It also provides packaging machines, such as tube roll weighing and packaging machine; bag feeding weighing and packaging machine; weighing machine; accumulating packaging machine; cardboard sealing machine; other related equipment products; and food processing machines. The company sells its products to factories, wholesalers, rice milling factories, rice retailers, restaurants, and producers. In addition, it engages in the construction of shipping systems for rice milling factories. The company was founded in 1959 and is headquartered in Higashikurume, Japan.

How the Company Makes Money

NOMURA Corporation generates revenue through multiple streams including brokerage commissions from trading activities, underwriting fees from the issuance of securities, and advisory fees for mergers and acquisitions. The wholesale segment contributes significantly to its earnings through institutional client services, while the retail segment generates income from individual investors through financial products and services. Additionally, asset management services provide a steady revenue source from management fees based on assets under management. Strategic partnerships with other financial institutions and corporations enhance its service offerings and market reach, further supporting its revenue growth.

NOMURA CORPORATION Financial Statement Overview

Summary

Strong overall fundamentals: consistent revenue growth with improving EBIT/EBITDA margins (Income Statement score 85), a healthy low-leverage balance sheet and solid ROE (Balance Sheet score 78), and robust free-cash-flow generation with strong cash conversion (Cash Flow score 80).

Income Statement

Nomura Corporation has demonstrated consistent revenue growth over the past five years, with a notable increase in gross profit and net profit margins. The company has improved its EBIT and EBITDA margins, indicating enhanced operational efficiency. The revenue growth rate has been positive, reflecting a strong market position and demand for its products.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio, indicating prudent financial management and low leverage risk. The return on equity has been strong, showcasing effective use of shareholder funds. The equity ratio is stable, reflecting a solid capital structure.

Cash Flow

Nomura Corporation has shown robust cash flow management, with significant growth in free cash flow. The operating cash flow to net income ratio is strong, indicating efficient cash generation relative to earnings. The free cash flow to net income ratio is high, suggesting effective conversion of profits into cash.

Breakdown	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	7.11B	6.61B	5.97B	5.46B	5.07B
Gross Profit	1.90B	1.67B	1.55B	1.39B	1.27B
EBITDA	812.63M	586.99M	510.43M	433.14M	391.74M
Net Income	508.27M	339.22M	290.32M	239.94M	205.38M
Balance Sheet
Total Assets	4.91B	4.11B	3.78B	3.63B	3.47B
Cash, Cash Equivalents and Short-Term Investments	2.27B	1.46B	1.26B	1.04B	863.06M
Total Debt	33.64M	78.51M	203.85M	335.89M	493.86M
Total Liabilities	2.56B	2.20B	2.13B	2.24B	2.21B
Stockholders Equity	2.32B	1.90B	1.64B	1.39B	1.26B
Cash Flow
Free Cash Flow	933.46M	417.78M	408.14M	451.31M	423.62M
Operating Cash Flow	977.74M	479.13M	450.44M	454.58M	424.67M
Investing Cash Flow	-45.43M	-62.20M	-42.29M	-2.79M	1.20M
Financing Cash Flow	-126.33M	-209.92M	-196.07M	-271.48M	-203.10M

NOMURA CORPORATION Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2960.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7131, the sentiment is Positive. The current price of 2960 is below the 20-day moving average (MA) of 3701.25, below the 50-day MA of 3376.00, and above the 200-day MA of 2785.38, indicating a bullish trend. The MACD of 263.23 indicates Negative momentum. The RSI at 88.34 is Negative, neither overbought nor oversold. The STOCH value of 90.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7131.

NOMURA CORPORATION Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3943	78 Outperform	¥12.62B	19.09	―	4.54%	4.38%	-12.68%
7131	78 Outperform	¥6.19B	10.87	―	2.85%	7.55%	49.84%
3954	76 Outperform	¥13.99B	11.03	―	1.20%	6.42%	-6.32%
3946	68 Neutral	¥60.23B	8.02	―	3.50%	4.40%	47.13%
3944	68 Neutral	¥3.02B	9.48	―	2.09%	2.37%	98.09%
3953	63 Neutral	¥2.93B	-44.35	―	6.31%	2.07%	-145.09%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%