Nomura Holdings Inc
F:NSE
Nomura Holdings Inc
Nomura Holdings Inc., a venerable name in the world of finance, is Japan’s largest securities company. Founded in 1925, the firm has expanded its reach from its roots in Osaka to become a global powerhouse in financial services. What sets Nomura apart is its comprehensive suite of offerings that cater to a diverse clientele, ranging from retail investors to large institutions. The company operates primarily through three business segments: Retail, Asset Management, and Wholesale, effectively positioning itself to capture various streams of revenue. Each segment plays a crucial role in the firm's overall profitability. Nomura’s retail division provides financial solutions including brokerage services, investment advisory, and wealth management, tapping into the robust demand from Japan’s affluent population seeking to enhance their financial well-being.
Globally, Nomura's Wholesale segment, which includes Global Markets and Investment Banking, is where much of its international ambitions take flight. This division handles trading and investment services for both individual and institutional clients, transacting in equities, fixed income, and various derivatives. It leverages its strong research capabilities to offer insights that inform and guide investment strategies. Meanwhile, its Asset Management arm delivers investment solutions not only in Japan but also to a global clientele, focusing on innovative products such as fixed income, equities, and alternative investments. Through these dynamic and interconnected segments, Nomura effectively generates revenue by navigating the intricate demands of each financial service vertical, continuously adapting to the evolving market landscapes, and maintaining its stature as a formidable player on the global stage.
Nomura Holdings Inc., a venerable name in the world of finance, is Japan’s largest securities company. Founded in 1925, the firm has expanded its reach from its roots in Osaka to become a global powerhouse in financial services. What sets Nomura apart is its comprehensive suite of offerings that cater to a diverse clientele, ranging from retail investors to large institutions. The company operates primarily through three business segments: Retail, Asset Management, and Wholesale, effectively positioning itself to capture various streams of revenue. Each segment plays a crucial role in the firm's overall profitability. Nomura’s retail division provides financial solutions including brokerage services, investment advisory, and wealth management, tapping into the robust demand from Japan’s affluent population seeking to enhance their financial well-being.
Globally, Nomura's Wholesale segment, which includes Global Markets and Investment Banking, is where much of its international ambitions take flight. This division handles trading and investment services for both individual and institutional clients, transacting in equities, fixed income, and various derivatives. It leverages its strong research capabilities to offer insights that inform and guide investment strategies. Meanwhile, its Asset Management arm delivers investment solutions not only in Japan but also to a global clientele, focusing on innovative products such as fixed income, equities, and alternative investments. Through these dynamic and interconnected segments, Nomura effectively generates revenue by navigating the intricate demands of each financial service vertical, continuously adapting to the evolving market landscapes, and maintaining its stature as a formidable player on the global stage.
Revenue Growth: Group net revenue for the quarter was JPY 551.8 billion, up 7% quarter-over-quarter, with solid performance from all four main divisions.
Profit Decline: Income before income taxes fell 1% to JPY 135.2 billion and net income also declined 1% to JPY 91.6 billion, mainly due to losses in digital asset-related businesses and one-off expenses from the Macquarie acquisition.
Record Wealth Management: Wealth Management net revenue rose 14% and pretax profit jumped 29% QoQ, with margins exceeding 40%, supported by strong net inflows and high recurring revenue.
Share Buyback: A new buyback program was announced for up to 100 million shares or JPY 60 billion, running from February to September 2026.
Macquarie Acquisition Impact: The acquired public asset management business boosted Investment Management revenue to an all-time high, but also brought significant one-time costs that reduced divisional profit.
Stable Outlook: Management described client sentiment as favorable in January, with wealth management revenues stable and wholesale activity expected to be seasonally slower but steady overall.
