Nomura (ADR)
Links Japanese wealth distribution with global asset management, markets, investment banking, and banking.
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Profile
Provides wealth advice and investment distribution in Japan, manages public and alternative assets, and runs global markets and investment banking businesses. A banking division adds trust and private-market products, while international asset management has expanded in the United States and Europe; performance depends on effective conduct, information, and counterparty-risk controls.
Connects Japanese household and institutional clients with securities, wealth advice, and capital markets through Wealth Management, Investment Management, Wholesale, and Banking. The first division combines branch and digital distribution; the second manages public and alternative strategies.
Global Markets trading and investment banking sit within Wholesale, while Banking supplies trust, private-market, and bespoke banking products. The franchise is rooted in Japan but operates across major financial centers, with international asset management expanded through the acquired U.S. and European public-markets platform.
Execution rests on research-led client service, distribution reach, trading and underwriting capabilities, and cross-divisional solutions. Recurring information-control, market-conduct, client-safety, and concentrated-counterparty episodes have led to stronger surveillance and risk governance; the business remains dependent on effective controls across regulated markets.
Company facts
Categories
Key statistics
Year to date +21.8% · Average volume (30d) 753.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jun 25, 2026 | Nomura | Upgrade | Buy | $10.20 | |
| Mar 19, 2026 | JP Morgan | Upgrade | Neutral | Overweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q1 FY27 | $0.23 | $0.30 | +30.4% | $3.49B | $4.31B | +23.3% | −1.14% |
| Apr 24, 2026Q4 FY26 | $0.21 | $0.16 | −23.8% | $3.46B | $3.62B | +4.9% | −1.40% |
| Jan 30, 2026Q3 FY26 | $0.24 | $0.18 | −25.0% | $3.31B | $3.54B | +6.9% | −2.82% |
| Nov 7, 2025Q2 FY26 | $0.17 | $0.22 | +29.4% | — | $7.22B | — | +1.41% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.13B | $6.95B | $6.96B | $7.33B | $8.49B | $8.11B | |
| Gross profit | $2.22B | $2.99B | $2.93B | $3.11B | $4.52B | $3.83B | |
| Operating income | $610.7M | $1.00B | $853.7M | $844.8M | $672.7M | $1.32B | |
| Net income | $449.7M | $653.3M | $575.3M | $572.0M | $461.9M | $909.4M | |
| Diluted EPS | $0.15 | $0.21 | $0.19 | $0.19 | $0.15 | $0.30 | |
| Gross margin | 36.2% | 43.0% | 42.0% | 42.4% | 53.2% | 47.2% | |
| Operating margin | 10.0% | 14.4% | 12.3% | 11.5% | 7.9% | 16.3% |
Fiscal years (4-quarter sums)FY22 $9.30B · FY23 $14.52B · FY24 $24.83B · FY25 $28.14B · FY26 $29.73B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $218.65B · Total debt $219.79B · Total assets $426.25B · Shareholders' equity $23.96B
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Mar 31, 2026 | Mar 31 | Jun 18 | $0.15 | cut from $0.174 |
| Sep 30, 2025 | Sep 30 | Dec 11 | $0.174 | cut from $0.2376 |
| Mar 31, 2025 | Mar 31 | Jun 12 | $0.2376 | raised from $0.1531 |
| Sep 30, 2024 | Sep 30 | Dec 12 | $0.1531 | raised from $0.0955 |
| Mar 27, 2024 | Mar 28 | Jun 13 | $0.0955 | raised from $0.0543 |
| Sep 28, 2023 | Sep 29 | Dec 11 | $0.0543 | cut from $0.0862 |
| Mar 30, 2023 | Mar 31 | Jun 12 | $0.0862 | raised from $0.0366 |
| Sep 29, 2022 | Sep 30 | Dec 12 | $0.0366 | cut from $0.1081 |
Ownership
Shares outstanding 2.92B · Float 2.79B · 95.6% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Fisher Asset Management, LLC | 13.16M | 0.45% | 13F | Aug 4, 2026 |
| Donald Smith & Co., Inc. | 12.21M | 0.42% | 13F | Aug 11, 2026 |
| Morgan Stanley | 10.81M | 0.37% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 6.64M | 0.23% | 13F | Aug 7, 2026 |
| Goldman Sachs Group Inc | 5.66M | 0.19% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 25, 2026 | Shoji Ogawa | director | +238 | $8.05 |
| Mar 25, 2026 | Masahiro Ishizuka | director | +238 | $8.05 |
| Mar 25, 2026 | Yukiko Ozaki | officer: See Remarks | +8 | $8.05 |
Peers
- Morgan Stanley
Broad global overlap in markets, advisory, wealth and investment management
- Goldman Sachs
Major wholesale rival with scaled asset and private-wealth platforms
- JPMorgan Chase
Universal-bank rival in markets, investment banking and managed assets
- UBS (ADR)
Global peer spanning wealth management, asset management and investment banking
- Mizuho Financial Group (ADR)
Bank-affiliated Japanese rival across securities, markets, wealth and assets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nomura (ADR) | $10.40 | +1.07% | $30.10B | 12.4 | 14.3 | 0.0 | −36.2% |
| Morgan Stanley | $214.50 | −0.13% | $338.75B | 17.5 | 16.3 | 2.7 | +36.8% |
| Goldman Sachs | $1,033.62 | +0.05% | $305.03B | 16.0 | 14.8 | 2.6 | +39.5% |
| JPMorgan Chase | $357.66 | +0.05% | $958.25B | 15.4 | 14.8 | 3.2 | +27.8% |
| UBS (ADR) | $54.90 | −0.02% | $179.95B | 25.2 | 13.7 | 2.9 | −27.1% |
| Mizuho Financial Group (ADR) | $10.64 | −0.05% | $129.62B | 15.0 | 18.2 | 2.3 | +14.0% |
| Median | 16.0 | 14.8 | 2.7 | +27.8% |