Nomura (8604) Investor presentation summary

Company overview and business model

• Operates as Asia's standalone global brokerage and investment bank with four divisions: Wealth Management, Investment Management, Wholesale, and Banking.

• Maintains a leading position in Japan and a growing global presence, serving clients in approximately 90 countries with 28,677 employees.

• Wealth Management client assets reached ¥175.8 trillion and assets under management in Investment Management totaled ¥136.9 trillion as of March 31, 2026.

• Subject to TLAC requirements as one of Japan's four systemically important banks.

Financial performance and segment results

• Achieved record-high net income of ¥362.1bn and ROE of 10.1% for FY2025/26, meeting 2030 Vision targets for the second consecutive year.

• Net revenue rose 15% YoY to ¥2,167.7bn; income before income taxes increased 14% YoY to ¥539.8bn.

• Wealth Management and Wholesale divisions delivered their highest income before income taxes since establishment.

• Investment Management’s assets under management grew over 50% YoY, reaching ¥136.9trn.

• Banking division saw solid revenue growth but lower pre-tax income due to upfront investments.

Strategic initiatives and growth

• Revised 2030 Vision targets upward: ROE to 10–12%+, income before income taxes to over ¥750bn, and Investment Management AuM to ¥180trn.

• Acquired Macquarie’s US and European public asset management business for $1.8bn, boosting AuM and international presence.

• Focused on expanding stable, capital-light businesses and globalizing the Investment Management platform.