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Nomura Research Institute (4307) investor relations material
Nomura Research Institute Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue and profit increased year-over-year, driven by strong domestic demand and improved profitability, especially in Financial IT and IT Infrastructure/Platform segments.
Overseas business performance declined due to weak order intake, with structural reforms underway.
Operating profit rose 16.0% to ¥118,780 million, with margin at 19.7% (up 1.7 points), reflecting improved profitability and absence of prior year one-time costs.
Profit attributable to owners of parent increased 15.9% YoY to ¥83,201 million.
The company continued to execute its Medium-term Management Plan, focusing on core business expansion, digital transformation, global growth, and management platform enhancement.
Financial highlights
3Q FY March 2026 revenue rose 6.0% YoY to ¥602.3 billion; operating profit up 16.0% to ¥118.8 billion.
Gross profit increased 9.0% YoY to ¥224,069 million; gross profit margin rose to 37.2% from 36.2% YoY.
Total comprehensive income surged 26.8% to ¥99,814 million.
Cash and cash equivalents at period end were ¥108,663 million, down ¥59,933 million from the previous fiscal year.
Free cash flow decreased 55.7% YoY to ¥25,207 million, mainly due to higher investments in intangible assets.
Outlook and guidance
Full-year FY March 2026 revenue forecast unchanged at ¥810.0 billion, up 5.9% YoY; operating profit forecast at ¥150.0 billion, up 11.2% YoY.
Profit attributable to owners of parent is expected to reach ¥104,000 million (up 10.9%), with basic EPS of ¥181.51.
Dividend per share forecast raised to ¥74.00, with a payout ratio of 40.8%.
Domestic order environment expected to remain solid; overseas business undergoing structural reform.
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