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Nomura Holdings (NYSE: NMR) nets ¥145.6B profit as revenue grows

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Form Type
6-K

Rhea-AI Filing Summary

Nomura Holdings reported net revenue of 686.7 billion yen for the three months ended June 30, 2026, up 31.2% year on year, with non-interest expenses of 475.2 billion yen. Income before income taxes was 211.5 billion yen and net income attributable to shareholders was 145.6 billion yen, implying basic EPS of 49.90 yen, diluted EPS of 48.34 yen and return on shareholders’ equity of 15.4%.

Wealth Management net revenue increased to 145.4 billion yen and Investment Management to 98.3 billion yen, partly reflecting consolidation of the Macquarie businesses. Wholesale net revenue rose to 369.1 billion yen, with higher Fixed Income and Equities revenue, and Banking net revenue grew to 15.2 billion yen. The Other category posted net revenue of 53.1 billion yen and a loss before income taxes of 7.0 billion yen.

Assets under management reached 156.4 trillion yen, while recurring revenue assets rose to 31.7 trillion yen. Value at risk stood at 6.3 billion yen at a 95% confidence level and one-day horizon. Nomura employed 29,212 people globally as of June 30, 2026.

Positive

  • Net revenue rose 31.2% to 686.7 billion yen, with net income of 145.6 billion yen and ROE of 15.4%, supported by higher net revenue in Wealth Management, Investment Management, Wholesale and Banking.

Negative

  • Investment Management net inflows deteriorated from 108 billion yen to (1,330) billion yen, while the Other segment moved from a 54.6 billion yen profit to a 7.0 billion yen loss before income taxes.

Filing Explained

The filing links quarterly information to two F-3 prospectuses by reference; its stated action is incorporation, not a reported issuance.

As a Form 6-K, this August 6, 2026 filing furnishes Nomura’s interim financial information for the three months ended June 30, 2026. The stated structural action is to incorporate Exhibit 1 by reference into prospectuses in two Form F-3 registration statements; that is document incorporation, not a reported issuance or proceeds receipt.

Nomura says its acquisition of the specified Macquarie investment-management companies was completed on December 1, 2025. Those companies became consolidated subsidiaries, and their results and key performance indicators have been included in Investment Management’s figures from that date.

The filing presents the financial information on an unaudited consolidated basis under U.S. generally accepted accounting principles unless otherwise stated.

Net revenue 686.7 billion yen Three months ended June 30, 2026
Net income attributable to NHI shareholders 145.6 billion yen Three months ended June 30, 2026
Income before income taxes 211.5 billion yen Three months ended June 30, 2026
Return on shareholders’ equity 15.4% Three months ended June 30, 2026, annualized
Value at risk 6.3 billion yen As of June 30, 2026, 95% confidence, 1-day horizon
Assets under management 156.4 trillion yen Investment Management AUM as of June 30, 2026
Employees 29,212 Global headcount as of June 30, 2026
Wealth Management net revenue 145.4 billion yen Three months ended June 30, 2026
Value at risk financial
"Value at risk as of June 30, 2026 was 6.3 billion yen"
Final Designated Parent Company financial
"NHI has been assigned as a Final Designated Parent Company"
capital adequacy ratio financial
"must calculate a consolidated capital adequacy ratio according to the notice"
The capital adequacy ratio measures how much financial cushion a bank or similar lender keeps compared with the size and riskiness of the loans and investments it holds. Think of it as a safety margin or shock absorber: higher ratios mean the institution has more ability to absorb losses without needing outside help. Investors watch it because it signals financial strength, regulatory compliance and the likelihood a lender can withstand downturns without harming shareholder value.
Basel III financial
"from the end of March 2013, according to a Basel III-based consolidated capital adequacy ratio"
An international set of banking rules that tells banks how much high-quality capital and readily available cash they must hold and how to manage risk, like a safety checklist for lenders. Investors care because these rules influence how safely banks can absorb losses, how much they can lend, and therefore their profits, dividend capacity and the chance of government support in a crisis — think of it as requirements that trade some short-term profit potential for longer-term financial stability.
Assets under administration financial
"Assets under administration (Nomura Bank (Luxembourg) S.A.)"
Assets under administration (AUA) is the total market value of clients’ investments and accounts that a financial firm oversees for recordkeeping, reporting, and transaction processing without necessarily deciding how the money is invested. Think of it like a warehouse that stores and tracks other people’s goods: bigger AUA shows a firm’s scale, steady fee potential and client trust, so changes can signal growing business or client withdrawals that matter to investors.

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FAQ

How did Nomura Holdings (NMR) perform for the three months ended June 30, 2026?

Nomura generated 686.7 billion yen in net revenue and 145.6 billion yen in net income for the period, with income before income taxes of 211.5 billion yen and return on shareholders’ equity of 15.4%.

What were the key segment results for Nomura (NMR) in Wealth, Investment Management, Wholesale and Banking?

Wealth Management net revenue reached 145.4 billion yen, Investment Management 98.3 billion yen, Wholesale 369.1 billion yen and Banking 15.2 billion yen, with each of these segments recording higher net revenue than the prior-year period.

How did the Macquarie Acquisition affect Nomura (NMR)’s Investment Management business?

From December 1, 2025, results of the acquired Macquarie companies are consolidated, contributing to Investment Management net revenue rising to 98.3 billion yen and Business revenue to 86.2 billion yen, alongside higher non-interest expenses tied to the acquired operations and intangible amortization.

What were Nomura (NMR)’s key balance and risk indicators as of June 30, 2026?

Assets under management were 156.4 trillion yen, recurring revenue assets 31.7 trillion yen, and Value at risk 6.3 billion yen at a 95% confidence level with a one-day horizon, reflecting the firm’s overall risk profile and scale of managed assets.

How many employees did Nomura (NMR) have and where were they located as of June 30, 2026?

Nomura employed 29,212 people globally, including 15,339 in Japan, 3,265 in Europe, 3,079 in the Americas, and 7,529 across Asia and Oceania, including the Powai office in India.
 
 

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 August 2026

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.    Supplement for Financial Highlights – Three months ended June 30, 2026

The registrant hereby incorporates Exhibit 1 to this report on Form 6-K by reference (i) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-283915) of the registrant, originally filed with the SEC on December 19, 2024, as amended by Post-Effective Amendment No. 1 thereto, filed with the SEC on August 29, 2025 and (ii) in the prospectus that is part of the Registration Statement on Form F-3 (Registration No. 333-297506) of the registrant and of Nomura America Finance, LLC, filed with the SEC on July 16, 2026.


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: August 6, 2026    By:   

/s/ Akito Bato

      Akito Bato
      Senior Managing Director


Presentation of Financial and Other Information

As used in this Form 6-K, references to “Nomura” are to Nomura Holdings, Inc. and its consolidated entities. References to “NHI” are to Nomura Holdings, Inc.

Unless otherwise stated, references in this Form 6-K to “yen” are to Japanese yen. Amounts shown in this Form 6-K have been rounded to the nearest indicated digit unless otherwise specified. In tables and paragraphs with rounded figures, sums may not add up due to rounding.

Except as otherwise indicated, all financial information with respect to Nomura presented in this Form 6-K is presented on an unaudited consolidated basis in accordance with U.S. generally accepted accounting principles.

Supplement for Financial Highlights—Three months ended June 30, 2026

Nomura reported net revenue of 686.7 billion yen for the three months ended June 30, 2026, an increase of 31.2% from the same period in the previous year. Non-interest expenses increased by 30.9% from the same period in the previous year to 475.2 billion yen. Income before income taxes was 211.5 billion yen and net income attributable to NHI shareholders was 145.6 billion yen for the three months ended June 30, 2026. Basic-Net income attributable to NHI shareholders per share was 49.90 yen and Diluted-Net income attributable to NHI shareholders per share was 48.34 yen. Return on shareholders’ equity was 15.4%. Return on shareholders’ equity annualized is calculated as the ratio of net income attributable to NHI shareholders to the average of total NHI shareholders’ equity at the beginning and end of the period multiplied by 4 to annualize the figure.

i.) Financial Position

As of June 30, 2026, Nomura’s main balance sheet indicators were as follows:

 

   

Total assets: 68.2 trillion yen (an increase of 5.6 trillion yen compared to March 31, 2026 due mainly to an increase in Trading assets)

 

   

Total liabilities: 64.2 trillion yen (an increase of 5.4 trillion yen compared to March 31, 2026 due mainly to an increase in Trading liabilities)

 

   

Total equity: 4.0 trillion yen (an increase of 0.1 trillion yen compared to March 31, 2026 due mainly to an increase in Retained earnings)

 

   

Total NHI shareholders’ equity: 3.8 trillion yen

As of June 30, 2026, Nomura’s capital-related indicators were as follows1:

 

   

Tier 1 Capital: 3,767 billion yen (3,843 billion yen as of March 31, 2026)

 

   

Tier 2 Capital: 239.2 billion yen (189.3 billion yen as of March 31, 2026)

 

   

Total Capital: 4,006 billion yen (4,032 billion yen as of March 31, 2026)

 

   

Tier 1 Capital ratio: 14.7% (15.6% as of March 31, 2026)

 

   

Common Equity Tier 1 Capital ratio: 12.9% (12.8% as of March 31, 2026)

 

   

Consolidated Capital Adequacy ratio: 15.6% (16.4% as of March 31, 2026)

 

   

Consolidated Leverage ratio (Tier 1 capital divided by exposure (the sum of on-balance sheet exposures and off-balance sheet items)): 4.64% (5.18% as of March 31, 2026)

 

   

Risk weighted assets: 25,522 billion yen (an increase from 24,544 billion yen as of March 31, 2026, due mainly to an increase in Credit Risk)

 

1 

Ratios and figures in this paragraph represent preliminary estimates as of the date of this supplement release and may be revised upon finalization, which is currently expected to occur by the end of October 2026.


NHI has been assigned as a Final Designated Parent Company who must calculate a consolidated capital adequacy ratio according to the “Establishment of standards on sufficiency of capital stock of a final designated parent company and its subsidiary entities, etc. compared to the assets held thereby” (2010 FSA Regulatory Notice No. 130; “Capital Adequacy Notice on Final Designated Parent Company”). Since then, the Capital Adequacy Notice on Final Designated Parent Company has been revised to be in line with Basel 2.5 and Basel III.

Since its designation as a Final Designated Parent Company in April 2011, NHI has been calculating its consolidated capital adequacy ratio according to the Capital Adequacy Notice on Final Designated Parent Company and, from the end of March 2013, according to a Basel III-based consolidated capital adequacy ratio.

ii.) Value at Risk

Value at risk as of June 30, 2026 was 6.3 billion yen, 8.6% increase compared to March 31, 2026. Value at risk is defined at 95% confidence level. The time horizon for our outstanding portfolio is 1 day. Inter-product price fluctuations are considered.

iii.) Number of Employees

As of June 30, 2026, Nomura had 29,212 employees globally (Japan: 15,339, Europe: 3,265, Americas: 3,079, Asia and Oceania (including Powai office in India): 7,529).


The three months ended June 30, 2026—Business Highlights

Business Segment Information

Wealth Management

 Results of operation

 

     Billions of yen      % Change  
     For the three months ended      (B-A)/(A)  
     June 30,      June 30,  
   2025 (A)      2026 (B)  

Net revenue

          105.8             145.4              37.5  

Non-interest expenses

     67.0        74.3        10.9  
  

 

 

    

 

 

    

 

 

 

Income (loss) before income taxes

     38.8        71.1        83.4  
  

 

 

    

 

 

    

 

 

 

Net revenue increased from 105.8 billion yen for the three months ended June 30, 2025 to 145.4 billion yen for the three months ended June 30, 2026 primarily due to an increase in commissions. Non-interest expenses were 74.3 billion yen and income before income taxes was 71.1 billion yen.

 KPIs

 

     Trillions of yen      % Change  
     March 31,      June 30,      (B-A)/(A)  
   2026 (A)      2026 (B)  

Recurring revenue assets

           27.9              31.7              13.6  
     Billions of yen      % Change  
     For the three months ended      (B-A)/(A)  
     June 30,      June 30,  
   2025 (A)      2026 (B)  

Net inflows of recurring revenue assets(1)

     278.9        539.6        93.5  
     Thousands      % Change  
     For the three months ended      (B-A)/(A)  
     June 30,      June 30,  
   2025 (A)      2026 (B)  

Flow business clients

     914        997        9.1  
     Trillions of yen      % Change  
     March 31,      June 30,      (B-A)/(A)  
   2026 (A)      2026 (B)  

Workplace client assets(2)

     9.1        10.0        9.9  

 

 
(1)

Net inflows of recurring revenue assets are defined and calculated by subtracting the amount of sell-offs and outflows from the amount of purchase and inflows of recurring revenue assets, and is an index used to measure the expansion of recurring revenue assets excluding changes in market value.

(2)

Workplace client assets are defined as the amount of assets under management associated with workplace business clients. Beginning with the year ending March 2027, the KPI previously disclosed as “Workplace services” has been replaced by “Workplace client assets” in light of the current business environment and progress in our business model transformation.

 

– 1 –


Investment Management

 Results of operation

 

     Billions of yen      % Change  
     For the three months ended      (B-A)/(A)  
     June 30,      June 30,  
   2025 (A)      2026 (B)  

Net revenue

           50.6              98.3              94.4  

Non-interest expenses

     29.0        53.3        83.6  
  

 

 

    

 

 

    

 

 

 

Income (loss) before income taxes

     21.5        45.0        109.0  
  

 

 

    

 

 

    

 

 

 

On December 1, 2025, Nomura completed the acquisition of all equity interests in Macquarie Management Holdings, Inc., Macquarie Investment Management Holdings (Luxembourg) S.à r.l., and Macquarie Investment Management Holdings (Austria) GmbH (collectively, “Acquired Companies”), pursuant to the share purchase agreement entered into on April 22, 2025 (the “Macquarie Acquisition”). As a result, these companies have become consolidated subsidiaries of Nomura with effect from December 1, 2025, and their results of operations and KPIs are included in the Investment Management figures disclosed under this Results of operation subsection and the following KPIs subsection beginning on such date.

Net revenue increased from 50.6 billion yen for the three months ended June 30, 2025 to 98.3 billion yen for the three months ended June 30, 2026, primarily due to an increase in Business revenue including a result of the consolidation of the businesses acquired in the Macquarie Acquisition. Non-interest expenses were 53.3 billion yen for the three months ended June 30, 2026, an increase over the same period in the previous year as a result of expenses attributable to the Acquired Companies and amortization of intangible assets related to the acquired business. As a result, income before income taxes was 45.0 billion yen.

The breakdown of net revenue for Investment Management is as follows:

 

     Billions of yen      % Change  
     For the three months ended      (B-A)/(A)  
     June 30,      June 30,  
   2025 (A)      2026 (B)  

Business revenue(1)

     40.7        86.2        111.8  

Investment gain/ loss(2)

           9.9              12.1              22.2   
  

 

 

    

 

 

    

 

 

 

Net revenue

     50.6        98.3        94.4  
  

 

 

    

 

 

    

 

 

 
 
(1)

Consists of divisional revenue, other than investment gain/loss, including revenue generated by our asset management business (excluding gains and losses related to our investment in American Century Investments), revenues generated by Nomura Babcock & Brown Co., Ltd.’s aircraft leasing related businesses and management fee revenues generated from our private equity and other investment businesses.

(2)

Consists of divisional revenue attributable to investments (including fair value fluctuations, funding cost and dividends), including gains and losses related to our investment in American Century Investments, our investments held in our private equity and other investment businesses.

 

– 2 –


 KPIs

 

     Trillions of yen     % Change  
     March 31,
2026 (A)
     June 30,
2026 (B)
    (B-A)/(A)  

Asset Under Management

          136.9             156.4             14.2  
     Billions of yen     % Change  
     For the three months ended     (B-A)/(A)  
     June 30,
2025 (A)
     June 30,
2026 (B)
 

Net inflows

     108        (1,330     —   

Wholesale

 Results of operation

 

     Billions of yen      % Change  
     For the three months ended      (B-A)/(A)  
     June 30,      June 30,  
   2025 (A)      2026 (B)  

Net revenue

           261.1              369.1        41.4  

Non-interest expenses

     219.2        275.8        25.8  
  

 

 

    

 

 

    

 

 

 

Income (loss) before income taxes

     41.9        93.3              122.7  
  

 

 

    

 

 

    

 

 

 

The breakdown of net revenue for Wholesale is as follows:

 

     Billions of yen      % Change  
     For the three months ended      (B-A)/(A)  
     June 30,      June 30,  
   2025 (A)      2026 (B)  

Fixed Income

     124.9        139.2        11.4  

Equities

     98.3        179.5        82.6  

Global Markets

     223.1        318.7        42.9  

Investment Banking

     37.9        50.4        33.0  
  

 

 

    

 

 

    

 

 

 

Net revenue

           261.1              369.1               41.4  
  

 

 

    

 

 

    

 

 

 

Global Markets net revenue was 318.7 billion yen. Fixed Income net revenue increased from 124.9 billion yen for the three months ended June 30, 2025 to 139.2 billion yen for the three months ended June 30, 2026 due to strong performance in spread products. Equities net revenue increased from 98.3 billion yen for the three months ended June 30, 2025 to 179.5 billion yen for the three months ended June 30, 2026 due to strong performances in equity products. Investment banking net revenue was 50.4 billion yen.

 

– 3 –


 KPIs

 

     Three months ended  
     June 30,  

Cost-to-income ratio

  

2025/26

     84

2026/27

     75

Revenue/modified RWA

  

2025/26

     6.9

2026/27

     9.3

Banking

 Results of operation

 

     Billions of yen      % Change  
     For the three months ended      (B-A)/(A)  
     June 30,      June 30,  
   2025 (A)      2026 (B)  

Net revenue

           12.8               15.2                18.7  

Non-interest expenses

     9.2        11.6        25.8  
  

 

 

    

 

 

    

 

 

 

Income (loss) before income taxes

     3.6        3.6        0.6  
  

 

 

    

 

 

    

 

 

 

Net revenue increased from 12.8 billion yen for the three months ended June 30, 2025 to 15.2 billion yen for the three months ended June 30, 2026. Non-interest expenses were 11.6 billion yen and income before income taxes was 3.6 billion yen.

 

     Billions of yen      % Change  
     For the three months ended      (B-A)/(A)  
     June 30,      June 30,  
   2025 (A)      2026 (B)  

Banking revenue and others(1)

     3.6        4.0                11.1   

Trust & Agent Service revenue(2)

     9.2               11.2        21.7  
  

 

 

    

 

 

    

 

 

 

Net revenue

           12.8        15.2        18.7  
  

 

 

    

 

 

    

 

 

 

 

 
(1)

Consists mainly of net interest margin earned by The Nomura Trust & Banking Co., Ltd. (“NTB”), as well as service revenue such as fees and spreads from foreign exchange transactions at NTB.

(2)

Consists mainly of revenue from Nomura Bank (Luxembourg) S.A. (“NBL”) and revenue generated from the management of client assets such as investment trusts and similar vehicles at NTB.

 

– 4 –


 KPIs

 

     Billions of yen      % Change  
     March 31,      June 30,      (B-A)/(A)  
   2026 (A)      2026 (B)  

Loan Outstanding (The Nomura Trust and Banking Co., Ltd.) (1)

     1,177        1,247                 5.9  
     Trillions of yen      % Change  
     March 31,      June 30,      (B-A)/(A)  
   2026 (A)      2026 (B)  

Investment Trust balance (The Nomura Trust and Banking Co., Ltd.)(2)

            42.9               44.0        2.6  
     Billions of dollars      % Change  
     March 31,      June 30,      (B-A)/(A)  
   2026 (A)      2026 (B)  

Assets under administration (Nomura Bank (Luxembourg) S.A.)(3)

     64.6        69.0        6.8  

 

 
(1)

The total balance of loans conducted by NTB, such as private banking loans and the “Nomura Web Loan” securities-backed loan product, corresponds to the figure for “Loans” disclosed on the asset side of NTB’s standalone balance sheet. Such figure is disclosed on the basis of regulatory standards based on accounting principles generally accepted in Japan and does not necessarily correspond to “Loans receivable” as disclosed by NHI on its consolidated balance sheet, which is prepared on the basis of accounting principles generally accepted in the United States.

(2)

The asset balance of investment trusts entrusted to NTB, calculated as the total net asset value of each fund as of its respective most recent fiscal period end. Such fiscal period end may not align with the date shown, and, for funds with only annual or semi-annual accounting, such period-end may not have occurred, and the amount may not have been updated, during the relevant quarter. The amount shown corresponds to the figure for “Investment Trusts” disclosed on the liability side of NTB’s standalone Statement of Trust Account. Such figure, which is disclosed on the basis of Japanese regulatory standards, is not included in NHI’s consolidated balance sheet.

(3)

The total asset amount of each investment trust for which NBL is responsible for calculating the net asset value, accounting treatment, order processing, nominee management, and creating preparation of various reports.

 Other Operating Results

 

     Billions of yen     % Change  
     For the three months ended     (B-A)/(A)  
     June 30,      June 30,  
   2025 (A)      2026 (B)  

Net revenue

     93.2        53.1       (43.0

Non-interest expenses

           38.6              60.1             56.0  
  

 

 

    

 

 

   

 

 

 

Income (loss) before income taxes

     54.6        (7.0     —   
  

 

 

    

 

 

   

 

 

 

Net revenue was 53.1 billion yen. Loss before income taxes was 7.0 billion yen.

 

– 5 –


Segment Information—Operating Segment

The following table shows quarterly business segment information and reconciliation items to the consolidated statements of income.

 

     Millions of yen     % Change  
     For the three months ended     (B-A)/(A)  
     June 30,     June 30,  
   2025 (A)     2026 (B)  

Net revenue

      

Business segment information:

      

Wealth Management

     105,796       145,417       37.5  

Investment Management

     50,574       98,314       94.4  

Wholesale

     261,072       369,097       41.4  

Banking

     12,845       15,244       18.7  
  

 

 

   

 

 

   

 

 

 

Subtotal

     430,287       628,072       46.0  

Other

     93,160       53,105       (43.0
  

 

 

   

 

 

   

 

 

 

Net revenue

     523,447       681,177       30.1  
  

 

 

   

 

 

   

 

 

 

Reconciliation items:

      

Unrealized gain (loss) on investments in equity securities held for operating purposes

     (132     5,537       —   
  

 

 

   

 

 

   

 

 

 

Net revenue

         523,315           686,714              31.2  
  

 

 

   

 

 

   

 

 

 

Non-interest expenses

      

Business segment information:

      

Wealth Management

     67,041       74,341       10.9  

Investment Management

     29,047       53,327       83.6  

Wholesale

     219,164       275,769       25.8  

Banking

     9,231       11,608       25.8  
  

 

 

   

 

 

   

 

 

 

Subtotal

     324,483       415,045       27.9  

Other

     38,550       60,130       56.0  
  

 

 

   

 

 

   

 

 

 

Non-interest expenses

     363,033       475,175       30.9  
  

 

 

   

 

 

   

 

 

 

Reconciliation items:

      

Unrealized gain (loss) on investments in equity securities held for operating purposes

     —        —        —   
  

 

 

   

 

 

   

 

 

 

Non-interest expenses

     363,033       475,175       30.9  
  

 

 

   

 

 

   

 

 

 

Income (loss) before income taxes (*1)

      

Business segment information:

      

Wealth Management

     38,755       71,076       83.4  

Investment Management

     21,527       44,987       109.0  

Wholesale

     41,908       93,328       122.7  

Banking

     3,614       3,636       0.6  
  

 

 

   

 

 

   

 

 

 

Subtotal

     105,804       213,027       101.3  

Other (*2)

     54,610       (7,025     —   
  

 

 

   

 

 

   

 

 

 

Income (loss) before income taxes

     160,414       206,002       28.4  
  

 

 

   

 

 

   

 

 

 

Reconciliation items:

      

Unrealized gain (loss) on investments in equity securities held for operating purposes

     (132     5,537       —   
  

 

 

   

 

 

   

 

 

 

Income (loss) before income taxes

     160,282       211,539       32.0  
  

 

 

   

 

 

   

 

 

 

(*1) Includes primarily personnel expenses, occupancy, technology, and professional fees.

(*2) Major components

 

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Transactions between operating segments are recorded within segment results on commercial terms and conditions, and are eliminated in “Other.”

The following table presents the major components of income (loss) before income taxes in “Other.”

 

     Millions of yen     % Change  
     For the three months ended     (B-A)/(A)  
     June 30,     June 30,  
   2025 (A)     2026 (B)  

Net gain (loss) related to economic hedging transactions

     1,067       (2,045     —   

Realized gain (loss) on investments in equity securities held for operating purposes

     5       1,190       —   

Equity in earnings of affiliates

     12,321       10,492             (14.8

Corporate items

     (11,637     (15,964     —   

Other

     52,854       (698     —   
  

 

 

   

 

 

   

 

 

 

Total

          54,610            (7,025     —   
  

 

 

   

 

 

   

 

 

 

Disclaimers

 

   

This document is produced by Nomura. Copyright 2026 Nomura Holdings, Inc. All rights reserved.

   

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.

   

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.

   

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.

   

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 Nomura’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside Nomura’s 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.

   

This document should be read together with and is qualified in its entirety by reference to Nomura’s Annual Report on Form 20-F for the year ended March 31, 2026.

 

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