Nomura Hldgs Stock Price, News & Analysis

Nomura Holdings, Inc. (NMR) is a financial services group headquartered in Japan that operates through an integrated global network. According to its public disclosures and SEC filings, Nomura connects markets in the East and West and serves a broad client base that includes individuals, institutions, corporates and governments. The company’s shares trade in the United States under the symbol NMR, and it reports to the U.S. Securities and Exchange Commission as a foreign private issuer.

Nomura traces its origins back to 1925, and its filings describe a long-standing tradition of disciplined entrepreneurship. Over time, the group has developed into a diversified financial institution organized around multiple business divisions that reflect different client needs and product types.

Business Divisions and Segment Structure

In its SEC filings, Nomura explains that it manages operations through four primary business divisions: Wealth Management, Investment Management, Wholesale (which includes Global Markets and Investment Banking), and Banking. These divisions are also the basis for the segment information Nomura provides in its semi-annual securities reports and financial supplements.

• Wealth Management: This division focuses on client assets and recurring revenue assets. Disclosures refer to revenue from client assets and ongoing revenue streams such as investment trusts, discretionary investments, insurance, loans and other level-fee assets, as well as transaction-related revenue from brokerage and consulting activities. Wealth Management segment data in Nomura’s filings highlight metrics such as recurring revenue assets, net inflows of recurring revenue assets and client asset balances.
• Investment Management: Nomura’s Investment Management division centers on asset management and related investment activities. The company distinguishes between business revenue (division revenue other than investment gain or loss, including revenue from its asset management business, aircraft leasing-related businesses and management fees from private equity and other investment businesses) and investment gain/loss (division revenue attributable to investments, including fair value fluctuations, funding costs and dividends). Assets under management and net inflows are key indicators that Nomura discloses for this segment.
• Wholesale: The Wholesale division consists of Global Markets and Investment Banking. Global Markets activities are reflected in net revenue from products such as fixed income and equities, while Investment Banking net revenue includes underwriting and distribution, M&A and financial advisory fees and other related fee income. Segment data in Nomura’s SEC filings show how Wholesale contributes to group net revenue and income before income taxes, with separate breakdowns for fixed income, equities, Global Markets and Investment Banking.
• Banking: Nomura established a Banking Division on April 1, 2025, as disclosed in its semi-annual securities report. The Banking segment includes lending, trust and agency operations, and Nomura provides indicators such as loan outstanding at The Nomura Trust and Banking Co., Ltd., investment trust balances and assets under administration at Nomura Bank (Luxembourg) S.A. The Banking division is now reported separately from Wealth Management, with prior-period amounts reclassified to conform to the new structure.

Global Network and Client Base

Nomura describes itself in its filings and investor communications as a global financial services group with an integrated network spanning more than 30 countries and regions. The group emphasizes its ability to connect markets East and West and to serve the needs of a range of clients, including individuals, institutions, corporates and governments. Earlier descriptions and SEC filings also note that Nomura operates offices in regions such as Japan, the United States, the United Kingdom, Singapore and the Hong Kong Special Administrative Region through its subsidiaries.

Across its divisions, Nomura’s disclosed client base covers retail investors, wealth management clients, institutional investors, corporate issuers and public sector entities. Wealth Management disclosures refer to flow business clients and workplace services, while Investment Management and Wholesale segment data reflect institutional and corporate relationships through asset management mandates, trading, underwriting and advisory activities.

Revenue Drivers and Segment Contributions

Nomura’s SEC filings under U.S. GAAP provide detailed breakdowns of net revenue and non-interest expenses by segment and by revenue type. The company reports net revenue from items such as commissions, fees from investment banking, asset management and portfolio service fees, net gain on trading, gain on private equity and debt investments, net interest and other revenue.

Within this framework:

• Wealth Management net revenue is influenced by commissions, recurring revenue from client assets and transaction-related revenue. Nomura discloses recurring revenue assets and net inflows as key performance indicators for this division.
• Investment Management net revenue is divided into business revenue and investment gain/loss. Business revenue includes asset management fees and revenues from related businesses, while investment gain/loss reflects performance of investments, including stakes in entities such as American Century Investments and private equity and other investment businesses.
• Wholesale net revenue comes from Global Markets and Investment Banking. Global Markets net revenue is broken down into fixed income and equities, and Investment Banking net revenue includes underwriting, distribution and advisory fees. Segment data show how changes in market conditions and product performance affect these revenue lines.
• Banking net revenue reflects lending and trust-related activities, with Nomura disclosing loan balances, investment trust balances and assets under administration as supporting indicators.

Capital, Risk and Treasury Shares

Nomura’s filings include extensive information on capital adequacy, risk-weighted assets and treasury share activity. As a Final Designated Parent Company under Japanese regulatory standards aligned with Basel III, Nomura reports Tier 1 capital, Tier 2 capital, total capital, capital ratios, leverage ratio and risk-weighted assets. These disclosures are presented as preliminary estimates in supplements for financial highlights and are later incorporated into semi-annual securities reports.

The company also files periodic share buyback reports with the Kanto Finance Bureau, which are translated and furnished to the SEC on Form 6-K. These reports describe authorizations by the board of directors for repurchases of common stock, the period of repurchase, the total number of shares authorized, the total repurchase amount in yen, the number of shares actually repurchased during specific months, and the progress of share repurchase as a percentage of the authorization. Additional tables show the status of disposition of treasury shares, including exercises of stock acquisition rights, purchases of less-than-a-full-unit shares and any transfers or cancellations, as well as the total number of issued shares and the number of shares held in treasury at period-end.

Corporate Transactions and Strategic Developments

Nomura uses Form 6-K filings to disclose significant corporate transactions and strategic developments. For example, a 6-K dated December 1, 2025 reports the completion of the acquisition of Macquarie’s U.S. and European public asset management business. The filing states that the transaction adds substantial retail and institutional client assets across equities, fixed income and multi-asset strategies under the Nomura Asset Management brand. It also notes that Nomura will combine its private markets business, Nomura Capital Management, and its high yield business, Nomura Corporate Research and Asset Management, with the acquired assets to form Nomura Asset Management International within the Investment Management division.

In addition, Nomura’s semi-annual securities report describes the Macquarie acquisition as a business combination to be accounted for under ASC 805, with goodwill and certain intangible assets expected to be recognized. The acquisition consideration is disclosed as a cash amount subject to adjustments based on assets under management, working capital and indebtedness at closing.

Other 6-K filings highlight planned announcements of operating results, such as the schedule for third quarter operating results and related conference calls, as well as acquisitions of shares under specific trust arrangements, such as the acquisition of Alpen Co., Ltd. shares by The Nomura Trust and Banking Co., Ltd. pursuant to an Impact Neutralization Trust.

Regulatory Reporting and Accounting Framework

Nomura prepares consolidated financial statements in accordance with U.S. GAAP for SEC reporting purposes. Its Form 20-F and Form 6-K filings include consolidated balance sheets, statements of income, statements of comprehensive income, statements of changes in equity and statements of cash flows, along with detailed notes. The company provides segment and geographic information, risk factor discussions, operating and financial reviews by management, and information on capitalization and indebtedness.

The semi-annual securities report furnished on Form 6-K includes selected financial data, business overview, operating and financial review, company information, share capital information, and details on directors and executive officers, as well as consolidated financial statements and notes. Nomura also discloses value at risk (VaR) metrics, capital adequacy ratios and other risk-related indicators, and explains the methodologies and regulatory frameworks under which these figures are calculated.

Stock and Investor Information

Nomura Holdings, Inc. is registered with the SEC as a foreign issuer and files annual reports on Form 20-F and interim reports on Form 6-K. The company’s disclosures reference registration statements on Form F-3 used for securities offerings, and certain 6-K exhibits are incorporated by reference into those registration statements. Investors in NMR stock can use these filings to analyze Nomura’s segment performance, capital position, risk profile, treasury share activity and major strategic transactions.

According to Nomura’s own descriptions in its filings and investor materials, the firm seeks to serve clients with creative solutions and considered thought leadership, grounded in its long history and global network. Its multi-division structure, detailed segment reporting and ongoing regulatory disclosures provide a framework for understanding how the group operates across wealth management, asset management, wholesale markets and banking activities.