
News Release
October 28, 2026
NOMURA HOLDINGS, INC.Financial Summary-Six months ended September 30, 2026
We are pleased to report the following consolidated financial summary based on the consolidated financial information under U.S. GAAP for six months ended September 30, 2026.
Financial Summary for the Six Months Ended September 30, 2026 (U.S. GAAP)Date: October 28, 2026
Company name (code number): Nomura Holdings, Inc. (8604)
Stock exchange listings: (In Japan) Tokyo, Nagoya (Overseas) New York, Singapore
Representative: Kentaro Okuda
President and Group CEO, Nomura Holdings, Inc.
For inquiries: Akihiro Koseki
Managing Director, Head of Investor Relations, Nomura Holdings, Inc. Tel: (Country Code 81) 3-5255-1000
URL: https://www.nomura.com
- Consolidated Operating Results
Operating Results
(Rounded to nearest million) (Millions of yen, except per share data)
For the six months ended September 30 2025 2026
% Change from September 30, 2024
% Change from September 30, 2025
Total revenue
2,317,801
(5.8%)
2,694,536
16.3%
Net revenue
1,038,777
10.8%
1,294,190
24.6%
Income before income taxes
296,927
25.8%
359,537
21.1%
Net income attributable to
Nomura Holdings, Inc. ("NHI") shareholders
196,643
17.5%
249,289
26.8%
Comprehensive income
161,423
98.9%
210,605
30.5%
Basic-Net income attributable to NHI shareholders per share (Yen)
66.54
85.39
Diluted-Net income attributable to NHI shareholders per share (Yen)
64.53
82.97
Return on shareholders' equity - annualized
11.3%
13.3%
Note: Return on shareholders' equity is a ratio of Net income attributable to NHI shareholders to Total NHI shareholders' equity.
Financial Position
(Millions of yen, except per share data)
At March 31 At September 30
2026
2026
Total assets
62,645,925
67,482,102
Total equity
3,854,915
3,925,763
Total NHI shareholders' equity
3,707,868
3,775,312
Total NHI shareholders' equity as a percentage of total assets
5.9%
5.6%
Total NHI shareholders' equity per share (Yen)
1,277.99
1,291.77
- Cash Dividends
For the year ended March 31
(Yen amounts)
Dividends per share Dividends record dates
2026 2027 2027 (Plan)
At June 30
-
-
-
At September 30
27.00
35.00
-
At December 31
-
-
-
At March 31
24.00
-
Unconfirmed
For the year
51.00
-
Unconfirmed
Note: The dividends for the fourth quarter of the year ending March 31, 2027, are not presented for the reasons stated in " 3. Earnings forecasts for the year ending March 31, 2027."
- Earnings Forecasts for the year ending March 31, 2027
Nomura provides investment, financing and related services in the capital markets on a global basis. In the global capital markets there exist uncertainties due to, but not limited to, economic and market conditions. Nomura, therefore, does not present earnings forecasts.
Notes
Significant changes in the scope of consolidation during the period: None
Adoption of the simplified and particular accounting treatments: None
Changes in accounting policies
Changes in accounting policies due to amendments to the accounting standards : None
Changes in accounting policies due to other than a) : None
(4) Number of shares issued (common stock) | |||
At March 31 | At September 30 | ||
2026 | 2026 | ||
Number of shares outstanding (including treasury stock) | 3,088,562,601 | 3,088,562,601 | |
Number of treasury stock | 187,225,377 | 165,971,520 | |
For the six months ended September 30
2025 | 2026 | ||
Average number of shares outstanding (year-to-date) | 2,955,292,000 | 2,919,555,836 |
*Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Table of Contents for the Accompanying Materials
Qualitative Information of the Semi-annual Consolidated Results .................................................... P. 2
Consolidated Operating Results ........................................................................................................... P. 2
Consolidated Financial Position .......................................................................................................... P. 4
Consolidated Earnings Forecasts ......................................................................................................... P. 4
Semi-annual Consolidated Financial Statements ................................................................................. P. 5
Semi-annual Consolidated Balance Sheets .......................................................................................... P. 6
Semi-annual Consolidated Statements of Income ............................................................................... P. 8
Semi-annual Consolidated Statements of Comprehensive Income ..................................................... P. 9
Note with respect to the Assumption as a Going Concern .................................................................. P. 10
Significant Changes in Equity ............................................................................................................. P. 11
Segment Information - Operating Segment ......................................................................................... P. 12
Supplementary Information ................................................................................................................... P. 14
Consolidated Statements of Income - Quarterly Comparatives .......................................................... P. 14
Business Segment Information - Quarterly Comparatives .................................................................. P. 15
Other .................................................................................................................................................... P. 16
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1. Qualitative Information of the Semi-annual Consolidated Results (1) Consolidated Operating ResultsU.S. GAAP
Billions of yen % Change For the six months ended
September 30, | September 30, | (B-A)/(A) | |||
2025 (A) | 2026 (B) | ||||
Net revenue | 1,038.8 | 1,294.2 | 24.6 | ||
Non-interest expenses | 741.9 | 934.7 | 26.0 | ||
Income (loss) before income taxes | 296.9 | 359.5 | 21.1 | ||
Income tax expense | 93.7 | 97.0 | 3.5 | ||
Net income (loss) | 203.3 | 262.6 | 29.2 | ||
Less: Net income (loss) attributable to noncontrolling interests | 6.6 | 13.3 | 100.7 | ||
Net income (loss) attributable to NHI shareholders | 196.6 | 249.3 | 26.8 | ||
Return on shareholders' equity - annualized | 11.3% | 13.3% | - |
Note: Return on shareholders' equity is a ratio of Net income (loss) attributable to NHI shareholders to Total NHI shareholders' equity.
Nomura Holdings, Inc. and its consolidated entities (collectively, "Nomura") reported net revenue of 1,294.2 billion yen for the six months ended September 30, 2026, an increase of 24.6% from the same period in the prior year. Non-interest expenses increased by 26.0% from the same period in the prior year to 934.7 billion yen. Income before income taxes was 359.5 billion yen and net income attributable to NHI shareholders was 249.3 billion yen for the six months ended September 30, 2026.
Segment InformationBillions of yen % Change For the six months ended
September 30, | September 30, | (B-A)/(A) | |||
2025 (A) | 2026 (B) | ||||
Net revenue | 1,037.1 | 1,282.8 | 23.7 | ||
Non-interest expenses | 741.9 | 934.7 | 26.0 | ||
Income (loss) before income taxes | 295.3 | 348.2 | 17.9 |
In the above segment information totals, which exclude a part of unrealized gain (loss) on investments in equity securities held for operating purposes, net revenue for the six months ended September 30, 2026 was 1,282.8 billion yen, an increase of 23.7% from the same period in the prior year. Non-interest expenses increased by 26.0% from the same period in the prior year to 934.7 billion yen. Income before income taxes increased by 17.9% to 348.2 billion yen for the six months ended September 30, 2026. Please refer to page 12 for further details of the differences between U.S. GAAP and business segment amounts.
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