NMRNYSESecurity Brokers, Dealers & Flotation CompaniesFiscal year ends March 31Also trades as NRSCF
NOMURA HOLDINGS INC
Financials through fiscal 2026, year ended Mar 31, 2026Last filing: 20-F on Jun 22, 2026
$9.12−0.12 (-1.30%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2012 to 2026
Net margin
7.6%−1.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.5% | +24.2% | +24.1% | +10.7% | |
| Net income | +6.3% | +57.4% | +18.8% | +10.7% | |
| EPS, diluted | +7.2% | +58.8% | +19.6% | +12.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 8.7% | 5.7% | 10.1% | |
| Return on assets | 0.6% | 0.4% | 0.6% | |
| Capex to revenue | 18.2% | 7.4% | 7.4% | |
| Diluted shares | 3.65B | 3147338.61B | 3041190.07B |
Where the cash went
Fiscal 2022 to 2026, five years combined
Nomura generated ¥3.21T from operations and spent ¥1.74T on capital expenditure, dividends and share buybacks. 56% of that went back into the business.
Generated
¥3.21T
Used
¥1.74T
Capital expenditure¥972.07B56%Dividends¥480.42B28%Share buybacks¥285.91B16%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.6%
×Asset turnover0.08×
×Equity multiplier16.64×
=Return on equity, FY202610.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 7.6% | 0.08× | 16.64× | 10.1% |
| FY2025 | 7.2% | 0.08× | 16.41× | 10.0% |
| FY2024 | 4.0% | 0.08× | 15.84× | 5.1% |
| FY2023 | 3.7% | 0.05× | 15.04× | 3.1% |
| FY2022 | 9.0% | 0.04× | 15.32× | 5.1% |
| FY2021 | 9.5% | 0.04× | 16.18× | 5.7% |
| FY2020 | 11.1% | 0.05× | 16.08× | 8.2% |
| FY2019 | -5.5% | 0.05× | 15.11× | -3.7% |
| FY2018 | 11.1% | 0.05× | 15.02× | 7.9% |
| FY2017 | 14.0% | 0.04× | 15.29× | 8.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
3of 6 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero¥362.13B
- Cash generatingOperating cash flow above zero-¥842.96B
- Return on assets improvedROA up on the prior year0.6% → 0.6%
- Earnings backed by cashOperating cash flow above net income-¥842.96B vs ¥362.13B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise3066458.81B → 3041190.07B
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.09 → 0.08