Nomura Holdings Inc (JP:8604)
:8604
Earnings Data
Report Date
Apr 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
34.71Last Year’s EPS
24.35Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operating performance driven by record and near-record metrics across Wealth Management, Investment Management AUM, and Wholesale (Global Markets and Investment Banking). Group revenue growth, multiple all-time highs (AUM, recurring revenue assets, business revenue) and a robust capital base (Tier 1 and CET1) support a constructive view. Offsetting this optimism were notable near-term headwinds: one-time acquisition and integration costs (Macquarie), higher expenses including deferred compensation accounting impacts, a small QoQ decline in consolidated profit, and volatile losses in digital asset operations (Laser). Management framed several negatives as temporary or controllable (tightened crypto risk controls, planned integration investments) and announced a sizable share buyback to boost returns. Overall, the positives — including durable net inflows, record-level revenues in key businesses, and strong wholesale momentum — outweigh the temporary and manageable lowlights.Company Guidance
Return on Equity Meets Target
ROE for Q3 was 10.3%, reaching the company's 2030 quantitative target range (8%–10% or more) for the seventh consecutive quarter; ROE for the 9 months was 10.8%.
Group Revenue and Record Pretax Income for Core Divisions
Group-wide net revenue was JPY 551.8 billion, up 7% quarter-on-quarter. Pretax income for the four main divisions rose 8% QoQ to JPY 142.9 billion — the highest level in 18.5 years (since Q1 FY2008).
Strong 9-Month Year-on-Year Performance
For the first 9 months of the fiscal year, income before income taxes rose 15% YoY to JPY 432.1 billion and net income rose 7% YoY to JPY 288.2 billion; EPS for 9 months was JPY 94.67.
Wealth Management Momentum and Recurring Revenue Growth
Wealth Management net revenue increased 14% QoQ to JPY 132.5 billion and pretax income rose 29% QoQ to JPY 58.5 billion. Recurring revenue hit an all-time high of JPY 52.7 billion, recurring revenue assets saw net inflows of JPY 503.9 billion (largest net increase on record) and totaled JPY 28.1 trillion (all-time high). Recurring revenue cost coverage ratio rose to 71% (up 1 percentage point).
Wholesale (Global Markets & Investment Banking) Strong Quarter
Wholesale net revenue rose 12% QoQ to JPY 313.9 billion and pretax income rose 17% QoQ to JPY 62.3 billion. Global Markets net revenue was up 9% to JPY 256.8 billion; fixed income +12% to JPY 136.9 billion; equities reached JPY 119.9 billion (+5%). Investment Banking net revenue surged 31% QoQ to JPY 57.1 billion — the strongest for the period since FY2017.
Investment Management AUM and Business Revenue Records
Assets under management reached an all-time high of JPY 134.7 trillion. Business revenue (stable revenue) rose to an all-time high of JPY 57.8 billion. Net inflows totaled JPY 115 billion — the 11th consecutive quarter of net inflows. Alternative AUM rose to JPY 3.3 trillion (≈ +JPY 400 billion QoQ).
Share Buyback Program to Enhance Capital Efficiency
Board resolved a share buyback program running Feb 17–Sep 30 with an upper limit of 100 million shares and JPY 60 billion, intended to enhance shareholder return and capital efficiency.
Solid Capital Position
Tier 1 capital was JPY 3.6 trillion (up JPY 60 billion QoQ) and Common Equity Tier 1 ratio was 12.8% despite a regulatory calculation change that negatively affected the ratio by ~0.5% following the Macquarie transaction.
JP:8604 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
JP:8604 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 30, 2026 | ¥1423.00 | ¥1413.00 | -0.70% |
Oct 28, 2025 | ¥1090.50 | ¥1094.50 | +0.37% |
Jul 29, 2025 | ¥969.08 | ¥972.21 | +0.32% |
Apr 25, 2025 | ¥792.05 | ¥795.76 | +0.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nomura Holdings Inc (JP:8604) report earnings?
Nomura Holdings Inc (JP:8604) is schdueled to report earning on Apr 24, 2026, Before Open (Confirmed).
What is Nomura Holdings Inc (JP:8604) earnings time?
Nomura Holdings Inc (JP:8604) earnings time is at Apr 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Nomura Holdings Inc stock?
The P/E ratio of Nomura Holdings is N/A.
What is JP:8604 EPS forecast?
JP:8604 EPS forecast for the fiscal quarter 2026 (Q4) is 34.71.