NOMURA HOLDINGS INC SEC Filings

Nomura Holdings reported solid results for the third quarter of the year ending March 2026, with net revenue of Y551.8bn (up 7% quarter-on-quarter and 10% year-on-year) and income before income taxes of Y135.2bn. Net income was Y91.6bn and diluted EPS Y30.19, while ROE reached 10.3%, meeting the 8–10% or more target for the seventh consecutive quarter.

For the first nine months, net revenue rose to Y1,590.5bn (up 10%), income before income taxes to Y432.1bn (up 15%), and net income to Y288.2bn (up 7%), with ROE at 10.8%. Core businesses were strong: Wealth Management net revenue climbed to Y132.5bn and income before income taxes to Y58.5bn, supported by record recurring revenue and recurring asset inflows above Y500bn. Investment Management grew net revenue to Y60.9bn and lifted assets under management to a record Y134.7trn following completion of Macquarie Group’s public asset management acquisition, though income fell to Y17.9bn due to weaker investment gains and acquisition-related costs.

Wholesale delivered record-high quarterly revenue in Equities and Investment Banking, with segment net revenue of Y313.9bn and income before income taxes of Y62.3bn. Banking posted net revenue of Y13.7bn and income before income taxes of Y4.2bn, supported by loan growth and higher investment trust balances. Nomura also approved a share buyback of up to 100 million shares, with a maximum value of Y60bn, to be executed between February 17 and September 30, 2026.

Nomura America Finance, LLC is offering Step-Down Autocallable Barrier Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index, with a stated maturity of February 3, 2028. The notes trade on a February 2, 2026 trade date with a January 29, 2026 strike date and an expected original issue date of February 5, 2026. Each note has a $1,000 principal denomination and a Price to Public of 100.00%. Automatic call observation and settlement occur beginning on February 12, 2027 (10.00% call premium at a 100% call barrier) and at the final valuation date January 31, 2028 (20.00% call premium at a 70% barrier). The estimated model value on the trade date is between $950.40 and $980.40 per $1,000 principal amount. Agent compensation is disclosed as up to 0.45% of the public price plus placement-agent fees not to exceed $4.50 per $1,000. The notes are unsecured obligations of the issuer and are fully and unconditionally guaranteed by Nomura Holdings, Inc..

Nomura Holdings reported stronger results for the nine months ended December 31, 2025 under U.S. GAAP. Net revenue rose to 1,590.5 billion yen, up 10.5% year on year, while income before income taxes increased 15.5% to 432.1 billion yen. Net income attributable to Nomura shareholders grew 7.2% to 288.2 billion yen, lifting annualized return on equity to 10.8%.

Wealth Management and Wholesale both delivered higher net revenue and double‑digit growth in pretax income, while Investment Management and Banking saw pretax earnings decline despite higher revenues due to rising expenses. Total assets reached 61,935.2 billion yen and total equity increased to 3,814.6 billion yen.

Nomura completed the acquisition of several Macquarie asset management companies for approximately 1.8 billion U.S. dollars (about 281.4 billion yen), adding 100% of their shares and making them consolidated subsidiaries. The Board also approved a share buyback program of up to 100 million shares (about 3.2% of issued shares) or 60,000 million yen between February 17 and September 30, 2026, and separately resolved to cancel 75 million shares (about 2.4% of issued shares) on March 2, 2026.

Nomura Holdings, Inc. reports that Delaware Management Company (DMC) has become a “specified subsidiary” after Nomura completed acquiring Macquarie Group’s U.S. and European public asset management business. DMC has share capital of USD 590 million and is now 100.0% owned by Nomura through 330 voting rights.

DMC, an investment management and advisory firm based in Wilmington, recorded consolidated net assets of USD 780 million and profit attributable to owners of parent of USD 123 million for the fiscal year ended March 31, 2025. DMC’s consolidated results will be included in Nomura’s consolidated results from the third quarter of the fiscal year ending March 2026.

Nomura Holdings reported solid third quarter results while stepping up capital returns and integration of a major acquisition. Net revenue for the quarter was 551.8 billion yen, up 7% from the prior quarter and 10% year on year. Income before income taxes was 135.2 billion yen, down slightly, and net income attributable to shareholders was 91.6 billion yen, 10% lower than a year ago. For the nine months to December, net revenue rose to 1,590.5 billion yen and pretax income to 432.1 billion yen, with net income up 7%.

Return on equity was 10.3%, marking a seventh straight quarter at or above the 8–10% target range. Wealth Management delivered strong growth with net revenue of 132.5 billion yen and pretax income of 58.5 billion yen, both up sharply and supported by record-high recurring and flow revenue. Investment Management posted record assets under management of 134.7 trillion yen after completing the acquisition of Macquarie’s U.S. and European public asset management business, though pretax income fell quarter on quarter due to lower investment gains and one-off acquisition costs. Wholesale and Banking also grew net revenue, with record Equities and Investment Banking revenue in Wholesale.

Nomura’s board approved a share buyback program of up to 100 million shares, or 3.2% of issued shares, with a 60 billion yen cap between February 17 and September 30, 2026, via a trust bank. Separately, the company will cancel 75 million shares, about 2.4% of issued shares, on March 2, 2026. In addition, Delaware Management Company, part of the acquired Macquarie asset management business, has become a specified subsidiary, with its consolidated results now included in Nomura’s financials.

Nomura Holdings filed a Form 6-K furnishing an English translation of its updated corporate governance report and long-term financial framework. The company targets income before income taxes of over 500 billion yen and aims to sustain return on equity (ROE) of 8 to 10 percent or higher toward 2030.

Nomura reports that its price-to-book ratio (PBR) reached 1.1 times as of December 31, 2025, and ROE improved from 5.1 percent for the fiscal year ended March 2024 to 10.0 percent for fiscal year ended March 2025 and 11.3 percent for the first half of fiscal year ended March 2026. The filing also details its board structure with eight of twelve directors serving as outside directors, diversity and human capital initiatives, sustainability governance, and compensation policies linking executive pay to performance and shareholder value.

Nomura America Finance, guaranteed by Nomura Holdings, is offering autocallable contingent coupon barrier notes linked to the least-performing of Goldman Sachs, Morgan Stanley and Wells Fargo common stock, maturing on February 15, 2029.

The notes pay a quarterly contingent coupon of at least 2.688% (10.75% per year) only if each stock is at or above 60% of its initial value on observation dates. Starting August 12, 2026, the notes are automatically called at par plus coupon if all three stocks are at or above their initial levels. If not called and the worst-performing stock finishes below 60% of its initial value at maturity, investors lose principal one-for-one and can lose their entire investment. The notes are unsecured obligations exposed to Nomura’s credit risk and will not be listed on an exchange; their estimated value at pricing is expected to be below the $1,000 issue price.

Nomura America Finance, guaranteed by Nomura Holdings, is offering unsecured Autocallable Contingent Coupon Barrier Notes linked to Intel Corporation stock, maturing on February 15, 2029. The estimated value is expected to be between $898.50 and $928.50 per $1,000 principal amount, below the 100% issue price.

The notes pay a contingent quarterly coupon of at least 4.00% (about 16.00% per year) only if Intel’s share price is at or above 60% of its initial value on each observation date. If Intel is at or above its initial value from August 12, 2026 on a call observation date, the notes are automatically redeemed at par plus coupon.

If the notes are not called and Intel’s final value on February 12, 2029 is at least 60% of the initial value, investors receive principal plus the final coupon. If the final value is below this barrier, repayment is reduced 1-for-1 with Intel’s decline, up to a 100% loss of principal and with no protection from prior coupons.

Nomura America Finance, LLC, fully guaranteed by Nomura Holdings, is issuing US$2,808,000 of autocallable contingent coupon barrier notes linked to the least-performing of the Russell 2000 Index, Nasdaq-100 Technology Sector Index and Health Care Select Sector SPDR ETF, maturing January 28, 2030.

The notes pay a monthly contingent coupon of 1.042% (about 12.50% per year) only if each reference asset is at or above 70% of its initial value on observation dates. They are automatically callable monthly from April 23, 2026 at par plus coupon if all assets are at or above 100% of initial value.

If not called and the least-performing asset finishes below 70% of its initial value, principal is reduced 1‑for‑1 with the decline, up to total loss, regardless of any prior coupons. The estimated value is $976.40 per $1,000 principal amount, below the 100% price to the public, reflecting commissions and structuring costs.