Nomura Holdings 9M FY2026 net income up 7.2% to ¥288bn on 10.5% net revenue growth and 15.5% pre-tax profit rise
Summary:
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Net revenue for the nine months ended 31 December 2025 rose 10.5% year-on-year to ¥1,590.5 billion, driven by higher commissions, trading gains, asset management fees and other revenue, despite a 12.3% drop in interest and dividends income.
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Non-interest expenses increased 8.7% to ¥1,158.4 billion, mainly from higher compensation, commissions, information processing and other costs, resulting in income before income taxes up 15.5% to ¥432.1 billion and net income attributable to shareholders up 7.2% to ¥288.2 billion.
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Wealth Management net revenue grew 6.3% to ¥354.8 billion with pre-tax profit up 9.6% to ¥142.8 billion; Wholesale up 6.9% to ¥854.2 billion with pre-tax profit up 22.2% to ¥157.3 billion.
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Investment Management net revenue rose 15.3% to ¥172.3 billion but pre-tax profit fell 5.2% to ¥70.2 billion due to 35.4% higher expenses from Macquarie acquisition; new Banking segment pre-tax profit down 17.6% to ¥11.0 billion.
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Total assets expanded 9.0% to ¥61,935bn with NHI shareholders' equity up 5.2% to ¥3,652bn (ROE annualized 10.8%), supported by higher trading assets and loans; approved ¥60bn share buyback (up to 100m shares) through September 2026 and cancellation of 75m shares on 2 March 2026.