Nomura (NMR) lifts revenue to ¥2.17T and closes $1.8B Macquarie deal
Rhea-AI Filing Summary
Nomura Holdings reported strong results for the year ended March 31, 2026, with net revenue of 2,167.7 billion yen, up 14.5% year on year, and net income attributable to shareholders of 362.1 billion yen. Basic EPS was 123.08 yen and diluted EPS was 118.99 yen, giving a return on shareholders’ equity of 10.1%.
Wealth Management net revenue rose to 487.9 billion yen and Investment Management to 258.5 billion yen, helped by consolidating businesses from the Macquarie acquisition. Wholesale net revenue increased to 1,162.2 billion yen, with solid Fixed Income and Equities performance.
Nomura completed the Macquarie Acquisition on December 1, 2025 for approximately $1.8 billion (about 281.4 billion yen), adding significant intangible assets and goodwill and lifting assets under management to 136.9 trillion yen. Value at risk was 5.8 billion yen, a 52.6% increase from March 31, 2025. The group employed 28,677 people globally as of March 31, 2026.
Positive
- Strong earnings growth and improved profitability: Net revenue rose 14.5% to 2,167.7 billion yen, net income reached 362.1 billion yen, and return on shareholders’ equity improved to 10.1%, supported by broad-based segment growth and higher contributions from Wealth Management, Investment Management and Wholesale.
Negative
- None.
Insights
Nomura delivered broad-based growth, boosted by the Macquarie acquisition and stronger core businesses.
Nomura grew net revenue to 2,167.7 billion yen, up 14.5%, with net income of 362.1 billion yen and return on equity of 10.1%. Wealth Management, Investment Management and Wholesale all expanded revenue, indicating healthy demand across franchises.
The $1.8 billion Macquarie Acquisition, equivalent to about 281.4 billion yen, materially increased Investment Management scale, lifting assets under management from 89.3 to 136.9 trillion yen. Higher non-interest expenses reflect integration, amortization of acquired intangibles and acquisition-related costs rather than purely organic cost creep.
Risk metrics show Value at risk rising to 5.8 billion yen, a 52.6% increase versus March 31, 2025, consistent with a larger, more active balance sheet. Segment data highlight Wholesale cost-to-income ratios improving through most of the year, though still relatively high. Future disclosures in company filings may further clarify post-acquisition profitability trends.