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Earnings presentation materials8604Nomura Holdings, Inc.Financials (excluding banks)

Okuda Group CEO's earnings comments and highlights (Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 2027)

In the first half of the fiscal year, total revenue, profit before tax and net income exceeded the levels of the same period a year earlier, while ROE improved to 13.3%. All 4 principal segments reported higher profit, and revenue and profit also increased year on year in the quarter, although both declined from the previous quarter.

Worth reading
63In focus
Scored from 4 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
21
% (year-on-year change in first-half profit before tax)
Wording
Definitive
How definitive the wording is.

Contents of this document

Earnings presentation materialsSecond quarter of the fiscal year ending March 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥3,595 100 million +21.0%profit before tax
Net income¥2,493 100 million+27.0%
Results for the three months of the current quarter
Total income
¥6,075 100 million after finance costs
Quarter-on-quarter_pct-12
Year-on-year (%)18
Profit before tax
¥1,480 100 million
Quarter-on-quarter_pct-30
Year-on-year (%)8
Net income for the current fiscal year
¥1,037 100 million
Quarter-on-quarter_pct-29
Year-on-year (%)13
EPS
34.61 Yen
ROE
10.9 %
What the company explained in this material
New initiatives
  • Expanding revenue across business segments and strengthening collaboration between segments to achieve the 2030 management vision, “Reaching for Sustainable Growth”
  • Promoting structural reform and disciplined capital allocation
Key KPIsA metric the company considers important as a management benchmark.
  • ROE (first half)13.3 %
  • ROE (quarter)10.9 %
  • Stable EarningsApproximately 1.6 times the same period a year earlier
  • Recurring revenue expense coverage ratio79 %
  • EPS (first half)82.97 Yen
  • EPS (quarter)34.61 Yen
Segment results
Wealth Management
First Half_Total Revenue
¥2,869 100 million+29.0%
First Half_Profit Before Tax
¥1,367 100 million+62.0%
Current Quarter_Total Revenue
¥1,415 100 million
Quarter-on-quarter_pct-3
Year-on-year (%)22
Current Quarter_Profit Before Tax
¥656 100 million
Quarter-on-quarter_pct-8
Year-on-year (%)44
Investment Management
First Half_Total Revenue
¥1,831 100 million+64.0%
First Half_Profit Before Tax
¥724 100 million+39.0%
Current Quarter_Total Revenue
¥848 100 million
Quarter-on-quarter_pct-14
Year-on-year (%)39
Current Quarter_Profit Before Tax
¥274 100 million
Quarter-on-quarter_pct-39
Year-on-year (%)-11
Wholesale segment
First Half_Total Revenue
¥6,780 100 million+26.0%
First Half_Profit Before Tax
¥1,394 100 million+47.0%
Current Quarter_Total Revenue
¥3,089 100 million
Quarter-on-quarter_pct-16
Year-on-year (%)11
Current Quarter_Profit Before Tax
¥461 100 million
Quarter-on-quarter_pct-51
Year-on-year (%)-13
Banking
First Half_Total Revenue
¥316 100 million+23.0%
First Half_Profit Before Tax
¥80 100 million+18.0%
Current Quarter_Total Revenue
¥164 100 million
Quarter-on-quarter_pct7
Year-on-year (%)27
Current Quarter_Profit Before Tax
¥44 100 million
Quarter-on-quarter_pct20
Year-on-year (%)37
Medium-term management plan targets
Management VisionReaching for Sustainable Growth (Management Vision for 2030)
ROE target10～12%+
Financial targets
ROE target10～12%+
Actual ROE
First half13.3 %
Current quarter10.9 %
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Ordinary income¥3,595 100 million (profit before tax) (YoY +21.0%)
Net income¥2,493 100 million (YoY +27.0%)
Results for the three months of the current quarterTotal income ¥6,075 100 million (after finance costs) / Profit before tax ¥1,480 100 million / Net income for the current fiscal year ¥1,037 100 million / EPS 34.61 Yen / ROE 10.9 %
Segment resultsWealth Management First Half_Total Revenue ¥2,869 100 million (YoY +29.0%) / First Half_Profit Before Tax ¥1,367 100 million (YoY +62.0%) / Current Quarter_Total Revenue ¥1,415 100 million / Current Quarter_Profit Before Tax ¥656 100 million / Investment Management First Half_Total Revenue ¥1,831 100 million (YoY +64.0%) / First Half_Profit Before Tax ¥724 100 million (YoY +39.0%) / Current Quarter_Total Revenue ¥848 100 million / Current Quarter_Profit Before Tax ¥274 100 million / Wholesale segment First Half_Total Revenue ¥6,780 100 million (YoY +26.0%) / First Half_Profit Before Tax ¥1,394 100 million (YoY +47.0%) / Current Quarter_Total Revenue ¥3,089 100 million / Current Quarter_Profit Before Tax ¥461 100 million / Banking First Half_Total Revenue ¥316 100 million (YoY +23.0%) / First Half_Profit Before Tax ¥80 100 million (YoY +18.0%) / Current Quarter_Total Revenue ¥164 100 million / Current Quarter_Profit Before Tax ¥44 100 million
Key KPIsIndicator name ROE (first half) / Value 13.3 %, Indicator name ROE (quarter) / Value 10.9 %, Indicator name Stable Earnings / Value Approximately 1.6 times the same period a year earlier, Indicator name Recurring revenue expense coverage ratio / Value 79 %, Indicator name EPS (first half) / Value 82.97 Yen, Indicator name EPS (quarter) / Value 34.61 Yen
Medium-term management plan targetsManagement Vision Reaching for Sustainable Growth (Management Vision for 2030) / ROE target 10～12%+
Financial targetsROE target 10～12%+ / Actual ROE First half 13.3 % / Current quarter 10.9 %
New initiativesExpanding revenue across business segments and strengthening collaboration between segments to achieve the 2030 management vision, “Reaching for Sustainable Growth”, Promoting structural reform and disciplined capital allocation
Items this document does not state (21)
Net SalesOperating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company cited business model transformation, expansion of its recurring-revenue businesses, diversification of revenue sources, structural reform, growth in various balances and rising interest rates.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Okuda Group CEO's earnings comments and highlights (Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 2027) | Nomura Holdings, Inc. (8604) timely disclosure | Komori