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[6-K] NOMURA HOLDINGS INC Current Report (Foreign Issuer)

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Nomura Holdings reported second-quarter and first-half results. Q2 net revenue was 515.5 billion yen, down 2 percent from last quarter but up 7 percent year on year. Q2 income before income taxes was 136.6 billion yen, and net income attributable to shareholders was 92.1 billion yen, declining 12 percent quarter on quarter and 6 percent year on year.

For the six months to September, net revenue reached 1,038.8 billion yen, up 11 percent year on year. Income before income taxes rose 26 percent to 296.9 billion yen, and net income attributable to shareholders increased 18 percent to 196.6 billion yen. Management noted ROE was over 11 percent. Wealth Management posted record recurring revenue with a 70 percent cost coverage ratio; Investment Management assets under management hit 101.2 trillion yen; Wholesale pretax income climbed 43 percent year on year in the first half with record Equities revenues. Nomura declared a dividend of 27 yen per share to shareholders of record on September 30, 2025, payable on December 1, 2025.

Nomura Holdings ha riportato risultati del secondo trimestre e del primo semestre. Il fatturato netto del Q2 era 515,5 miliardi di yen, in calo del 2% rispetto al trimestre precedente ma in crescita del 7% su base annua. L'utile prima delle imposte del Q2 era 136,6 miliardi di yen, e l'utile netto attribuibile agli azionisti era di 92,1 miliardi di yen, in diminuzione del 12% trimestre su trimestre e del 6% su base annua.

Per i sei mesi terminati a settembre, il fatturato netto ha raggiunto 1.038,8 miliardi di yen, in crescita dell'11% su base annua. L'utile prima delle imposte è salito del 26% a 296,9 miliardi di yen, e l'utile netto attribuibile agli azionisti è aumentato dell'18% a 196,6 miliardi di yen. La direzione ha segnalato che il ROE era superiore all'11%. Wealth Management ha registrato ricavi ricorrenti record con un tasso di copertura dei costi del 70%; gli asset in gestione di Investment Management hanno raggiunto 101,2 trilioni di yen; i ricavi ante-imposta all'ingrosso sono aumentati del 43% su base annua nel primo semestre con ricavi record nelle Equities. Nomura ha dichiarato un dividendo di 27 yen per azione agli azionisti registrati al 30 settembre 2025, pagabile il 1 dicembre 2025.

Nomura Holdings informó resultados del segundo trimestre y del primer semestre. Los ingresos netos del 2T fueron de 515,5 mil millones de yenes, bajando un 2% respecto al trimestre anterior pero subiendo un 7% interanual. El ingreso antes de impuestos del 2T fue de 136,6 mil millones de yenes, y el ingreso neto atribuible a los accionistas fue de 92,1 mil millones de yenes, descendiendo un 12% trimestre a trimestre y un 6% interanual.

Para los seis meses hasta septiembre, los ingresos netos alcanzaron 1.038,8 mil millones de yenes, subiendo un 11% interanual. El ingreso antes de impuestos subió un 26% a 296,9 mil millones de yenes, y el ingreso neto atribuible a los accionistas aumentó un 18% a 196,6 mil millones de yenes. La dirección señaló que ROE fue superior al 11%. Wealth Management registró ingresos recurrentes récord con una tasa de cobertura de costos del 70%; los activos bajo gestión de Investment Management alcanzaron 101,2 billones de yenes; las utilidades antes de impuestos al por mayor subieron un 43% interanual en la primera mitad con ingresos récord en Renta Variable. Nomura declaró un dividendo de 27 yenes por acción a los accionistas registrados al 30 de septiembre de 2025, pagadero el 1 de diciembre de 2025.

Nomura Holdings는 2분기 및 반기 실적을 발표했다. 2분기 순매출은 515.50십억엔으로 전 분기 대비 -2%, 전년 대비 +7%였다. 2분기 법인세 차감전 순이익은 136.60십억엔, 주주귀속 순이익은 92.10십억엔으로 분기 대비 -12%, 전년 대비 -6%였다.

9월까지 6개월 동안 순매출은 1,038.80십억엔으로 전년 대비 +11%였다. 법인세 차감전 이익은 296.90십억엔으로 26% 증가했고, 주주귀속 순이익은 196.60십억엔으로 +18%였다. ROE가 11%를 넘었다고 경영진은 언급했다. 자산관리 Wealth Management는 비용 커버리지 비율 70%로 기록적 재발매 수익을 기록했다; 투자관리의 운용자산은 101.2조엔에 달했다; 도매 부문은 1H에 전년 대비 43% 증가한 세전 이익을 기록했고 주식 부문 매출도 기록 경신이었다. 노무라는 2025년 9월 30일 기준 등록 주주에게 주당 27엔의 배당금을 선언했고 2025년 12월 1일에 지급할 예정이다.

Nomura Holdings a annoncé les résultats du deuxième trimestre et du premier semestre. Le chiffre d'affaires net du 2e trimestre était de 515,5 milliards de yens, en baisse de 2% par rapport au trimestre précédent mais en haus­se de 7% sur un an. Le revenu avant impôt du 2e trimestre était de 136,6 milliards de yens, et le revenu net attribuable aux actionnaires était de 92,1 milliards de yens, en baisse de 12% trimestre sur trimestre et de 6% sur un an.

Pour les six mois clos en septembre, le chiffre d'affaires net s'élevait à 1 038,8 milliards de yens, en hausse de 11% sur un an. Le revenu avant impôt a augmenté de 26% pour atteindre 296,9 milliards de yens, et le revenu net attribuable aux actionnaires a progressé de 18% à 196,6 milliards de yens. La direction a indiqué que le ROE dépassait 11%. Wealth Management a affiché des revenus récurrents records avec un taux de couverture des coûts de 70%; les actifs sous gestion de Investment Management ont atteint 101,2 trillions de yens; les revenus avant impôt en gros ont augmenté de 43% sur un an au premier semestre avec des revenus record dans les Equities. Nomura a déclaré un dividende de 27 yens par action pour les actionnaires enregistrés au 30 septembre 2025, payable le 1er décembre 2025.

Nomura Holdings berichtete über Ergebnisse des zweiten Quartals und des ersten Halbjahres. Der Nettoumsatz im Q2 betrug 515,5 Milliarden Yen, ein Rückgang von 2 Prozent gegenüber dem Vorquartal, aber ein Anstieg von 7 Prozent gegenüber dem Vorjahr.

Das Betriebs­ergebnis vor Steuern im Q2 betrug 136,6 Milliarden Yen, und das Nettoergebnis, das den Aktionären zusteht, betrug 92,1 Milliarden Yen, ein Rückgang von 12 Prozent gegenüber dem Vorquartal und 6 Prozent gegenüber dem Vorjahr. In den ersten sechs Monaten bis September erreichte der Nettoumsatz 1.038,8 Milliarden Yen, ein Anstieg von 11 Prozent gegenüber dem Vorjahr. Das Einkommen vor Steuern stieg um 26 Prozent auf 296,9 Milliarden Yen, und das den Aktionären zuzurechnende Nettoeinkommen wuchs um 18 Prozent auf 196,6 Milliarden Yen. Die Geschäftsleitung gab bekannt, dass die ROE über 11 Prozent lag. Wealth Management verzeichnete Rekord wiederkehrende Einnahmen mit einer Kostenabdeckung von 70%; Die Vermögenswerte unter Verwaltung von Investment Management erreichten 101,2 Billionen Yen; Großhandel-Vorsteuer-Einkommen stieg im ersten Halbjahr gegenüber dem Vorjahr um 43% und verzeichnete Rekordumsätze im Bereich Aktien. Nomura kündigte eine Dividende von 27 Yen pro Aktie für am 30. September 2025 registrierte Aktionäre an, zahlbar am 1. Dezember 2025.

Nomura Holdings أعلنت عن نتائج الربع الثاني والنصف الأول. بلغت الإيرادات الصافية للربع الثاني 515.5 مليار ين، بانخفاض 2% عن الربع السابق ولكن بزيادة 7% على أساس سنوي. بلغ الدخل قبل ضرائب الدخل للربع الثاني 136.6 مليار ين، وصافي الدخل العائد للمساهمين 92.1 مليار ين، بانخفاض 12% ربعاً مقارنة بالربع السابق و6% على أساس سنوي.

حتى الأشهر الستة حتى سبتمبر، بلغت الإيرادات الصافية 1,038.8 مليار ين، بارتفاع 11% على أساس سنوي. ارتفع الدخل قبل ضرائب الدخل بنسبة 26% إلى 296.9 مليار ين، وارتفع صافي الدخل العائد للمساهمين بنسبة 18% إلى 196.6 مليار ين. أشارت الإدارة إلى أن العائد على حقوق المساهمين تجاوز 11%. Wealth Management حقق إيرادات دورية قياسية مع نسبة تغطية تكاليف 70%؛ أصول الإدارة الاستثمارية تحت الإدارة بلغت 101.2 تريليون ين؛ ارتفع الدخل قبل الضريبة من تجارة الجملة 43% على أساس سنوي في النصف الأول مع إيرادات قياسية في الأسهم. أعلنت Nomura عن توزيع أرباح قدرها 27 ينًا للسهم للمساهمين المسجلين في 30 سبتمبر 2025، يُدفع في 1 ديسمبر 2025.

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Insights

First-half earnings grew double digits; dividend raised to ¥27.

Nomura delivered broad-based first-half growth: net revenue of ¥1,038.8B rose 11%, income before income taxes increased 26% to ¥296.9B, and net income advanced 18% to ¥196.6B. Management highlighted ROE over 11%, indicating improved profitability versus their 8–10% target range.

Divisionally, Wealth Management set record recurring revenue with a 70% cost coverage ratio, and Investment Management assets under management reached ¥101.2T. Wholesale was a key driver with first-half pretax income up 43% year on year and record Equities revenues, while Banking saw modest revenue growth but lower pretax income.

The board declared a ¥27 per-share dividend for holders of record on September 30, 2025, payable on December 1, 2025. Actual sustainability will depend on maintaining inflows, stable markets, and deal activity across Global Markets and Investment Banking.

Nomura Holdings ha riportato risultati del secondo trimestre e del primo semestre. Il fatturato netto del Q2 era 515,5 miliardi di yen, in calo del 2% rispetto al trimestre precedente ma in crescita del 7% su base annua. L'utile prima delle imposte del Q2 era 136,6 miliardi di yen, e l'utile netto attribuibile agli azionisti era di 92,1 miliardi di yen, in diminuzione del 12% trimestre su trimestre e del 6% su base annua.

Per i sei mesi terminati a settembre, il fatturato netto ha raggiunto 1.038,8 miliardi di yen, in crescita dell'11% su base annua. L'utile prima delle imposte è salito del 26% a 296,9 miliardi di yen, e l'utile netto attribuibile agli azionisti è aumentato dell'18% a 196,6 miliardi di yen. La direzione ha segnalato che il ROE era superiore all'11%. Wealth Management ha registrato ricavi ricorrenti record con un tasso di copertura dei costi del 70%; gli asset in gestione di Investment Management hanno raggiunto 101,2 trilioni di yen; i ricavi ante-imposta all'ingrosso sono aumentati del 43% su base annua nel primo semestre con ricavi record nelle Equities. Nomura ha dichiarato un dividendo di 27 yen per azione agli azionisti registrati al 30 settembre 2025, pagabile il 1 dicembre 2025.

Nomura Holdings informó resultados del segundo trimestre y del primer semestre. Los ingresos netos del 2T fueron de 515,5 mil millones de yenes, bajando un 2% respecto al trimestre anterior pero subiendo un 7% interanual. El ingreso antes de impuestos del 2T fue de 136,6 mil millones de yenes, y el ingreso neto atribuible a los accionistas fue de 92,1 mil millones de yenes, descendiendo un 12% trimestre a trimestre y un 6% interanual.

Para los seis meses hasta septiembre, los ingresos netos alcanzaron 1.038,8 mil millones de yenes, subiendo un 11% interanual. El ingreso antes de impuestos subió un 26% a 296,9 mil millones de yenes, y el ingreso neto atribuible a los accionistas aumentó un 18% a 196,6 mil millones de yenes. La dirección señaló que ROE fue superior al 11%. Wealth Management registró ingresos recurrentes récord con una tasa de cobertura de costos del 70%; los activos bajo gestión de Investment Management alcanzaron 101,2 billones de yenes; las utilidades antes de impuestos al por mayor subieron un 43% interanual en la primera mitad con ingresos récord en Renta Variable. Nomura declaró un dividendo de 27 yenes por acción a los accionistas registrados al 30 de septiembre de 2025, pagadero el 1 de diciembre de 2025.

Nomura Holdings는 2분기 및 반기 실적을 발표했다. 2분기 순매출은 515.50십억엔으로 전 분기 대비 -2%, 전년 대비 +7%였다. 2분기 법인세 차감전 순이익은 136.60십억엔, 주주귀속 순이익은 92.10십억엔으로 분기 대비 -12%, 전년 대비 -6%였다.

9월까지 6개월 동안 순매출은 1,038.80십억엔으로 전년 대비 +11%였다. 법인세 차감전 이익은 296.90십억엔으로 26% 증가했고, 주주귀속 순이익은 196.60십억엔으로 +18%였다. ROE가 11%를 넘었다고 경영진은 언급했다. 자산관리 Wealth Management는 비용 커버리지 비율 70%로 기록적 재발매 수익을 기록했다; 투자관리의 운용자산은 101.2조엔에 달했다; 도매 부문은 1H에 전년 대비 43% 증가한 세전 이익을 기록했고 주식 부문 매출도 기록 경신이었다. 노무라는 2025년 9월 30일 기준 등록 주주에게 주당 27엔의 배당금을 선언했고 2025년 12월 1일에 지급할 예정이다.

Nomura Holdings a annoncé les résultats du deuxième trimestre et du premier semestre. Le chiffre d'affaires net du 2e trimestre était de 515,5 milliards de yens, en baisse de 2% par rapport au trimestre précédent mais en haus­se de 7% sur un an. Le revenu avant impôt du 2e trimestre était de 136,6 milliards de yens, et le revenu net attribuable aux actionnaires était de 92,1 milliards de yens, en baisse de 12% trimestre sur trimestre et de 6% sur un an.

Pour les six mois clos en septembre, le chiffre d'affaires net s'élevait à 1 038,8 milliards de yens, en hausse de 11% sur un an. Le revenu avant impôt a augmenté de 26% pour atteindre 296,9 milliards de yens, et le revenu net attribuable aux actionnaires a progressé de 18% à 196,6 milliards de yens. La direction a indiqué que le ROE dépassait 11%. Wealth Management a affiché des revenus récurrents records avec un taux de couverture des coûts de 70%; les actifs sous gestion de Investment Management ont atteint 101,2 trillions de yens; les revenus avant impôt en gros ont augmenté de 43% sur un an au premier semestre avec des revenus record dans les Equities. Nomura a déclaré un dividende de 27 yens par action pour les actionnaires enregistrés au 30 septembre 2025, payable le 1er décembre 2025.

Nomura Holdings berichtete über Ergebnisse des zweiten Quartals und des ersten Halbjahres. Der Nettoumsatz im Q2 betrug 515,5 Milliarden Yen, ein Rückgang von 2 Prozent gegenüber dem Vorquartal, aber ein Anstieg von 7 Prozent gegenüber dem Vorjahr.

Das Betriebs­ergebnis vor Steuern im Q2 betrug 136,6 Milliarden Yen, und das Nettoergebnis, das den Aktionären zusteht, betrug 92,1 Milliarden Yen, ein Rückgang von 12 Prozent gegenüber dem Vorquartal und 6 Prozent gegenüber dem Vorjahr. In den ersten sechs Monaten bis September erreichte der Nettoumsatz 1.038,8 Milliarden Yen, ein Anstieg von 11 Prozent gegenüber dem Vorjahr. Das Einkommen vor Steuern stieg um 26 Prozent auf 296,9 Milliarden Yen, und das den Aktionären zuzurechnende Nettoeinkommen wuchs um 18 Prozent auf 196,6 Milliarden Yen. Die Geschäftsleitung gab bekannt, dass die ROE über 11 Prozent lag. Wealth Management verzeichnete Rekord wiederkehrende Einnahmen mit einer Kostenabdeckung von 70%; Die Vermögenswerte unter Verwaltung von Investment Management erreichten 101,2 Billionen Yen; Großhandel-Vorsteuer-Einkommen stieg im ersten Halbjahr gegenüber dem Vorjahr um 43% und verzeichnete Rekordumsätze im Bereich Aktien. Nomura kündigte eine Dividende von 27 Yen pro Aktie für am 30. September 2025 registrierte Aktionäre an, zahlbar am 1. Dezember 2025.

Nomura Holdings أعلنت عن نتائج الربع الثاني والنصف الأول. بلغت الإيرادات الصافية للربع الثاني 515.5 مليار ين، بانخفاض 2% عن الربع السابق ولكن بزيادة 7% على أساس سنوي. بلغ الدخل قبل ضرائب الدخل للربع الثاني 136.6 مليار ين، وصافي الدخل العائد للمساهمين 92.1 مليار ين، بانخفاض 12% ربعاً مقارنة بالربع السابق و6% على أساس سنوي.

حتى الأشهر الستة حتى سبتمبر، بلغت الإيرادات الصافية 1,038.8 مليار ين، بارتفاع 11% على أساس سنوي. ارتفع الدخل قبل ضرائب الدخل بنسبة 26% إلى 296.9 مليار ين، وارتفع صافي الدخل العائد للمساهمين بنسبة 18% إلى 196.6 مليار ين. أشارت الإدارة إلى أن العائد على حقوق المساهمين تجاوز 11%. Wealth Management حقق إيرادات دورية قياسية مع نسبة تغطية تكاليف 70%؛ أصول الإدارة الاستثمارية تحت الإدارة بلغت 101.2 تريليون ين؛ ارتفع الدخل قبل الضريبة من تجارة الجملة 43% على أساس سنوي في النصف الأول مع إيرادات قياسية في الأسهم. أعلنت Nomura عن توزيع أرباح قدرها 27 ينًا للسهم للمساهمين المسجلين في 30 سبتمبر 2025، يُدفع في 1 ديسمبر 2025.

野村控股公布了第二季度及上半年业绩。第二季度净收入为5155亿日元,同比环比均有变动:较上季度下降2%,较上年同期上涨7%。第二季度税前利润为1366亿日元,归属于股东的净利润为921亿日元,较上季度下滑12%,较上年同期下滑6%。截至九月的六个月净收入达到10388亿日元,较上年同期上涨11%。税前利润同比增长26%至2969亿日元,归属于股东的净利润同比增长18%至1966亿日元。管理层指出ROE超过11%。财富管理实现创纪录的经常性收入,成本覆盖率达70%;投资管理的管理资产达到101.2万亿日元;在上半年,批发业务税前收入同比增长43%,股票业务收入创纪录。野村宣布对2025年9月30日登记在册的股东每股派发27日元的股息,派息日为2025年12月1日。

 
 

FORM 6-K

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

Commission File Number: 1-15270

For the month of October 2025

NOMURA HOLDINGS, INC.

(Translation of registrant’s name into English)

13-1, Nihonbashi 1-chome

Chuo-ku, Tokyo 103-8645

Japan

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  X    Form 40-F    

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

 
 


Information furnished on this form:

EXHIBIT

Exhibit Number

 

  1.

Nomura Reports Second Quarter Financial Results

  2.

Nomura Declares Half Year Dividend


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    NOMURA HOLDINGS, INC.

Date: October 28, 2025

   

By:

 

/s/ Yoshifumi Kishida

     

Yoshifumi Kishida

     

Senior Managing Director


LOGO

Nomura Reports Second Quarter Financial Results

 

   

Strong first half performance, with Group pretax income up 26% and net income up 18% YoY

 

   

Wealth Management had record high recurring revenue assets driven by 14th consecutive quarter of net inflows

 

   

Investment Management AuM at all-time high of Y101.2trn underpinned by 10th straight quarter of net inflows; Alternative AuM also at record high

 

   

Wholesale pretax income 43% stronger YoY reflecting capital discipline and self-sustained growth; Equities revenues at record high

 

   

Banking booked solid revenues from lending and trust and agent operations

 

   

Second quarter ROE of 10.6%; First-half ROE of 11.3% and dividend of 27 yen per share

Tokyo, October 28, 2025—Nomura Holdings, Inc. today announced its consolidated financial results for the second quarter and first half of the fiscal year ending March 31, 2026.

Net revenue in the second quarter was 515.5 billion yen (US$3.5 billion)1, declining 2 percent quarter on quarter but increasing 7 percent year on year. Income before income taxes decreased 15 percent from last quarter but increased 3 percent compared to the second quarter last year to 136.6 billion yen (US$923 million). Net income attributable to Nomura Holdings shareholders was 92.1 billion yen (US$622 million), down 12 percent quarter on quarter and 6 percent year on year.

For the six months to September, Nomura reported net revenue of 1,038.8 billion yen (US$7.0 billion), up 11 percent from the same period last year. Income before income taxes increased 26 percent to 296.9 billion yen (US$2.0 billion), and net income attributable to Nomura Holdings shareholders was 196.6 billion yen (US$1.3 billion), up 18 percent from the same period last year.

“We reported another strong performance in the first half with net income of 196.6 billion yen increasing 18 percent year on year. ROE was over 11 percent, as we continued to strengthen our business model to consistently deliver ROE of 8 to 10 percent or more,” said Kentaro Okuda, Nomura President and Group CEO.

“Wealth Management had record high recurring revenue underpinned by 14 consecutive quarters of net inflows into recurring revenue assets. Recurring revenue cost coverage ratio, an indicator of performance stability, was 70 percent. In Investment Management, assets under management reached an all-time high of over 100 trillion yen.

“Wholesale pretax income jumped 43 percent from last year as performance became more robust. In Global Markets, Equities net revenue was at an all-time high. Investment Banking maintained its strong momentum in Japan, while our overseas business rebounded on the back of multiple M&A deals. Our Banking Division booked solid revenues supported by growth in balances.

“We are seeing positive results in each division, supporting our efforts to grow stable revenues and deepen our global strategy.

 
1 

US dollar amounts are included solely for the convenience of the reader and have been translated at the rate of 147.97 yen = 1 US dollar, the noon buying rate in New York for cable transfers in foreign currencies as certified for customs purposes by the Federal Reserve Bank of New York on September 30, 2025. This translation should not be construed to imply that the yen amounts actually represent, or have been or could be converted into, equivalent amounts in US dollars.


“As we look to the future, we will continue striving to enhance our corporate value to achieve our 2030 management vision of Reaching for Sustainable Growth.”

Divisional Performance

Wealth Management

 

(billions of yen)

   FY2025/26
Q2
      QoQ         YoY    

Net revenue

     116.5        10%        4%  

Income (loss) before income taxes

     45.5        17%        3%  

Wealth Management reported net revenue of 116.5 billion yen, increasing 10 percent quarter on quarter and 4 percent from the same period last year. Income before income taxes was 45.5 billion yen, up 17 percent quarter on quarter and 3 percent year on year.

Wealth Management performance remained strong as recurring revenue assets booked net inflows for the 14th straight quarter. Recurring revenue assets and recurring revenue both reached a record high in the second quarter, and the recurring revenue cost coverage ratio was 70 percent.

Investment Management

 

(billions of yen)

   FY2025/26
Q2
      QoQ         YoY    

Net revenue

     60.8        20%        8%  

Income (loss) before income taxes

     30.7        43%        -4%  

Investment Management net revenue was 60.8 billion yen, up 20 percent quarter on quarter and 8 percent year on year. Income before income taxes was 30.7 billion yen, increasing 43 percent from last quarter but decreasing 4 percent from the same quarter last year.

The asset management business maintained strong momentum with ten consecutive quarters of net inflows, helping lift Investment Management assets under management to a record high of 101.2 trillion yen. Alternative assets under management also reached an all-time high.

In the second quarter, investment gain/loss grew significantly mainly due to contributions from American Century Investments related gain/loss.

Wholesale

 

(billions of yen)

   FY2025/26
Q2
      QoQ         YoY    

Net revenue

     279.2        7%        6%  

Income (loss) before income taxes

     53.1        27%        17%  

Wholesale reported net revenue of 279.2 billion yen, higher by 7 percent quarter on quarter and 6 percent year on year. Income before income taxes was 53.1 billion yen, up 27 percent from last quarter and 17 percent from the previous year.

 

2


First half Wholesale pretax income jumped 43 percent from last year, contributing significantly to overall group performance, as the division maintained capital discipline and continued to pursue self-sustained growth.

On a quarterly basis, Global Markets reported stronger revenues compared to the previous quarter underpinned by record high Equities revenues. In Investment Banking, Japan continued its strong momentum while the overseas business rebounded.

Banking

 

(billions of yen)

   FY2025/26
Q2
      QoQ         YoY    

Net revenue

     12.9        0%        5%  

Income (loss) before income taxes

     3.2        -12%        -31%  

Banking reported net revenue of 12.9 billion yen, remaining unchanged from the previous quarter and up 5 percent year on year. Income before income taxes was 3.2 billion yen, down 12 percent from last quarter and 31 percent from the previous year.

Banking reported stronger revenues from lending, trust, and agent operations, driven by growth in balances. The deposit sweep initiative scheduled to start in the fiscal year ending March 2027 is progressing as planned.

 

 

 

  ends   

 

For further information please contact:

 

Name

  

Company

  

Telephone

Kenji Yamashita

  

Nomura Holdings, Inc.

Group Corporate Communications Dept.

  

81-3-3278-0591

Nomura

Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.

 

3


1.

This document is produced by Nomura Holdings, Inc. (“Nomura”). Copyright 2025 Nomura Holdings, Inc. All rights reserved.

 

2.

Nothing in this document shall be considered as an offer to sell or solicitation of an offer to buy any security, commodity or other instrument, including securities issued by Nomura or any affiliate thereof. Offers to sell, sales, solicitations to buy, or purchases of any securities issued by Nomura or any affiliate thereof may only be made or entered into pursuant to appropriate offering materials or a prospectus prepared and distributed according to the laws, regulations, rules and market practices of the jurisdictions in which such offers or sales may be made.

 

3.

No part of this document shall be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Nomura.

 

4.

The information and opinions contained in this document have been obtained from sources believed to be reliable, but no representations or warranty, express or implied, are made that such information is accurate or complete and no responsibility or liability can be accepted by Nomura for errors or omissions or for any losses arising from the use of this information.

 

5.

This document contains statements that may constitute, and from time to time our management may make “forward-looking statements” within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. Any such statements must be read in the context of the offering materials pursuant to which any securities may be offered or sold in the United States. These forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside our control. Important factors that could cause actual results to differ from those in specific forward-looking statements include, without limitation, economic and market conditions, political events and investor sentiments, liquidity of secondary markets, level and volatility of interest rates, currency exchange rates, security valuations, competitive conditions and size, and the number and timing of transactions.

 

6.

The consolidated financial information in this document is unaudited.

 

4


LOGO

Nomura Declares Half Year Dividend

Tokyo, October 28, 2025—Nomura Holdings, Inc. today announced that it has declared a dividend of 27 yen per share to shareholders of record as of the end of September 2025. The dividend will be paid on December 1, 2025.

Cash Dividends

 

     FY2025/26
Q2
   Recent dividend
forecast
   FY2024/25
Q2

Record date

   September 30, 2025    -    September 30, 2024

Dividend per share

   Y27.0    -    Y23.0

Total dividends

   Y79,218 million    -    Y67,974 million

Payment date

   December 1, 2025    -    December 2, 2024

Source of dividends

   Retained earnings    -    Retained earnings

Recent Dividends

 

     Q2      Q4      Annual dividend  

FY2023/24

     Y8.0        Y15.0        Y23.0  

FY2024/25

     Y23.0        Y34.0        Y57.0  

FY2025/26

     Y27.0        TBD        TBD  

 

 

 

  ends   

 

For further information please contact:

 

Name

  

Company

  

Telephone

Kenji Yamashita

  

Nomura Holdings, Inc.

Group Corporate Communications Dept.

  

81-3-3278-0591

Nomura

Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.

FAQ

What were Nomura (NMR) Q2 2025 net revenue and profit figures?

Q2 net revenue was 515.5 billion yen; income before income taxes was 136.6 billion yen, and net income attributable to shareholders was 92.1 billion yen.

How did Nomura (NMR) perform in the first half of FY2025/26?

First-half net revenue was 1,038.8 billion yen (+11% YoY), income before income taxes 296.9 billion yen (+26%), and net income 196.6 billion yen (+18%).

What dividend did Nomura (NMR) declare and when is payment?

Nomura declared a 27 yen per-share dividend to shareholders of record on September 30, 2025, payable on December 1, 2025.

How did Nomura’s Wealth Management and Investment Management units perform?

Wealth Management hit record recurring revenue with a 70% cost coverage ratio; Investment Management AUM reached 101.2 trillion yen.

What drove Wholesale results for Nomura (NMR)?

First-half Wholesale pretax income rose 43% YoY, supported by record Equities revenues and stronger Global Markets.

What were Banking segment trends for Nomura (NMR) in Q2?

Banking net revenue was 12.9 billion yen (flat QoQ, +5% YoY); pretax income was 3.2 billion yen (down QoQ and YoY).
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