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Nomura Hldgs Financials

NMR
Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2011 Currency USD FYE March

This page shows Nomura Hldgs (NMR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NMR FY2011

Nomura’s balance-sheet expansion outpaced earnings, leaving a larger asset base supported by thin returns and heavier funding needs.

Across the two reported years, assets expanded by about 28.5% while net income fell by about 52.3%. That mismatch pushed return on assets down to 0.08% while the debt-to-equity ratio rose to 4.0x, showing that added scale came from funding intensity rather than better earning power.

FY2011 still showed positive earnings of $346M, but operating cash flow was -$2.84B, so accounting profit was not arriving as spendable cash. With financing cash inflows of $15.5B, cash could end the year at $21.0B even though free cash flow remained negative, meaning liquidity was being supported by external funding.

The funding burden got heavier: interest expense reached $3.08B against revenue of $13.7B, which compressed how much of each revenue dollar could reach shareholders. That helps explain why asset scale of $443.4B produced only $346M of profit; this is a balance-sheet-driven business where small changes in efficiency matter more than top-line size.

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Financial Health Signals

Financial health score pending refresh

We are recalculating Nomura Hldgs's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial
2/7

Nomura Hldgs passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality
-8.21x

For every $1 of reported earnings, Nomura Hldgs generates $-8.21 in operating cash flow (-$2.8B OCF vs $346.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$13.7B
YoY+10.9%

Nomura Hldgs generated $13.7B in revenue in fiscal year 2011. This represents an increase of 10.9% from the prior year.

EBITDA
N/A
Net Income
$346.0M
YoY-52.3%

Nomura Hldgs reported $346.0M in net income in fiscal year 2011. This represents a decrease of 52.3% from the prior year.

EPS (Diluted)
$0.09
YoY-60.9%

Nomura Hldgs earned $0.09 per diluted share (EPS) in fiscal year 2011. This represents a decrease of 60.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$5.1B
YoY+70.0%

Nomura Hldgs generated -$5.1B in free cash flow in fiscal year 2011, representing cash available after capex. This represents an increase of 70.0% from the prior year.

Cash & Debt
$21.0B
YoY+70.5%

Nomura Hldgs held $21.0B in cash against $101.5B in long-term debt as of fiscal year 2011.

Dividends Per Share
$0.10

Nomura Hldgs paid $0.10 per share in dividends in fiscal year 2011.

Shares Outstanding
3.60B
YoY-1.9%

Nomura Hldgs had 3.60B shares outstanding in fiscal year 2011. This represents a decrease of 1.9% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
2.5%
YoY-3.4pp

Nomura Hldgs's net profit margin was 2.5% in fiscal year 2011, showing the share of revenue converted to profit. This is down 3.4 percentage points from the prior year.

Return on Equity
1.4%
YoY-1.8pp

Nomura Hldgs's ROE was 1.4% in fiscal year 2011, measuring profit generated per dollar of shareholder equity. This is down 1.8 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$452.0M

Nomura Hldgs spent $452.0M on share buybacks in fiscal year 2011, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$2.3B
YoY+153.3%

Nomura Hldgs invested $2.3B in capex in fiscal year 2011, funding long-term assets and infrastructure. This represents an increase of 153.3% from the prior year.

NMR Income Statement

Metric Q2'12 Q4'11 Q2'11 Q4'10
Revenue $3.9B N/A $3.3B N/A
Cost of Revenue N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A
SG&A Expenses $1.9B N/A $1.5B N/A
Operating Income N/A N/A N/A N/A
Interest Expense $990.0M N/A $536.0M N/A
Income Tax -$5.0M N/A $236.0M N/A
Net Income -$598.0M N/A $13.0M N/A
EPS (Diluted) $-0.16 N/A $0.00 N/A

NMR Balance Sheet

Metric Q2'12 Q4'11 Q2'11 Q4'10
Total Assets $479.4B+8.1% $443.4B+8.0% $410.6B+19.0% $345.1B
Current Assets N/A N/A N/A N/A
Cash & Equivalents $7.2B-66.0% $21.0B+228.4% $6.4B-48.1% $12.3B
Inventory N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A
Goodwill N/A $849.0M N/A $965.0M
Total Liabilities $449.4B+7.5% $418.1B+8.3% $385.9B+19.8% $322.2B
Current Liabilities N/A N/A N/A N/A
Long-Term Debt $113.6B+11.9% $101.5B+6.2% $95.6B+24.0% $77.1B
Total Equity $26.4B+5.1% $25.2B+2.5% $24.6B+7.9% $22.8B
Retained Earnings $13.3B+3.1% $12.9B+2.0% $12.7B+10.2% $11.5B

NMR Cash Flow Statement

Metric Q2'12 Q4'11 Q2'11 Q4'10
Operating Cash Flow N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A

NMR Financial Ratios

Metric Q2'12 Q4'11 Q2'11 Q4'10
Gross Margin N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A
Net Margin -15.3% N/A 0.4% N/A
Return on Equity -2.3% N/A 0.1% N/A
Return on Assets -0.1% N/A 0.0% N/A
Current Ratio N/A N/A N/A N/A
Debt-to-Equity 4.30+0.3 4.03+0.1 3.89+0.5 3.38
FCF Margin N/A N/A N/A N/A

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Frequently Asked Questions

Nomura Hldgs (NMR) reported $13.7B in total revenue for fiscal year 2011. This represents a 10.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Nomura Hldgs (NMR) revenue grew by 10.9% year-over-year, from $12.3B to $13.7B in fiscal year 2011.

Yes, Nomura Hldgs (NMR) reported a net income of $346.0M in fiscal year 2011, with a net profit margin of 2.5%.

Nomura Hldgs (NMR) reported diluted earnings per share of $0.09 for fiscal year 2011. This represents a -60.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2011, Nomura Hldgs (NMR) had $21.0B in cash and equivalents against $101.5B in long-term debt.

Nomura Hldgs (NMR) had a net profit margin of 2.5% in fiscal year 2011, representing the share of revenue converted into profit after all expenses.

Yes, Nomura Hldgs (NMR) paid $0.10 per share in dividends during fiscal year 2011.

Nomura Hldgs (NMR) has a return on equity of 1.4% for fiscal year 2011, measuring how efficiently the company generates profit from shareholder equity.

Nomura Hldgs (NMR) generated -$5.1B in free cash flow during fiscal year 2011. This represents a 70.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Nomura Hldgs (NMR) generated -$2.8B in operating cash flow during fiscal year 2011, representing cash generated from core business activities.

Nomura Hldgs (NMR) had $443.4B in total assets as of fiscal year 2011, including both current and long-term assets.

Nomura Hldgs (NMR) invested $2.3B in capital expenditures during fiscal year 2011, funding long-term assets and infrastructure.

Yes, Nomura Hldgs (NMR) spent $452.0M on share buybacks during fiscal year 2011, returning capital to shareholders by reducing shares outstanding.

Nomura Hldgs (NMR) had 3.60B shares outstanding as of fiscal year 2011.

Nomura Hldgs (NMR) had a debt-to-equity ratio of 4.03 as of fiscal year 2011, measuring the company's financial leverage by comparing total debt to shareholder equity.

Nomura Hldgs (NMR) had a return on assets of 0.1% for fiscal year 2011, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2011 data, Nomura Hldgs (NMR) had $21.0B in cash against an annual operating cash burn of $2.8B. This gives an estimated cash runway of approximately 89 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Nomura Hldgs (NMR) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Nomura Hldgs (NMR) has an earnings quality ratio of -8.21x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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