Nomura
NMR · NYSESecurity Brokers, Dealers & Flotation Companies · Fiscal year ends Mar 31 · Reports in JPY
Nomura reported revenue of JPY 1,204B in the fiscal year ended Mar 2026, up 12.7% from the year before. Net income was JPY 362B. Operating cash flow of −JPY 843B less capital expenditure of JPY 354B left free cash flow of −JPY 1,197B. Net debt was JPY 12,999B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | JPY 791B | JPY 708B | JPY 896B | JPY 1,069B | JPY 1,204B |
| Interest expense | JPY 230B | JPY 1,151B | JPY 2,595B | JPY 2,844B | JPY 2,591B |
| Pre-tax income | JPY 221B | JPY 180B | JPY 284B | JPY 474B | JPY 532B |
| Income tax | JPY 80.1B | JPY 57.8B | JPY 96.6B | JPY 125B | JPY 165B |
| Net income | JPY 143B | JPY 92.8B | JPY 166B | JPY 341B | JPY 362B |
| Diluted EPS | 45.23 | 29.74 | 52.69 | 111.03 | 118.99 |
| Diluted shares | 3,158,708,013M | 3,114,313,612M | 3,144,540,974M | 3,066,458,811M | 3,041,190,068M |
Balance sheet
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | JPY 3,316B | JPY 3,821B | JPY 4,239B | JPY 4,424B | JPY 4,299B |
| Net PP&E | JPY 419B | JPY 464B | JPY 449B | JPY 436B | JPY 544B |
| Goodwill | JPY 14.4B | JPY 17.6B | JPY 19.3B | JPY 17.2B | JPY 172B |
| Total assets | JPY 43,412B | JPY 47,772B | JPY 55,147B | JPY 56,802B | JPY 62,646B |
| Deferred revenue | JPY 3.8B | JPY 5.2B | JPY 6.1B | JPY 5.3B | JPY 6B |
| Short-term debt | JPY 1,050B | JPY 1,009B | JPY 1,055B | JPY 1,117B | JPY 1,753B |
| Long-term debt | JPY 9,258B | JPY 10,399B | JPY 12,452B | JPY 13,374B | JPY 15,545B |
| DepositsBanks | JPY 1,761B | JPY 2,138B | JPY 2,356B | JPY 3,106B | JPY 3,667B |
| Total liabilities | JPY 40,439B | JPY 44,548B | JPY 51,699B | JPY 53,221B | JPY 58,791B |
| Shareholders' equity | JPY 2,915B | JPY 3,149B | JPY 3,350B | JPY 3,471B | JPY 3,708B |
| Backlog (remaining obligations) | JPY 1.4B | JPY 1.2B | JPY 1.1B | JPY 550M | JPY 293M |
Cash flow
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating cash flow | −JPY 863B | −JPY 695B | JPY 133B | −JPY 679B | −JPY 843B |
| Capital expenditure | JPY 111B | JPY 171B | JPY 146B | JPY 190B | JPY 354B |
| Free cash flow | −JPY 974B | −JPY 866B | −JPY 13.1B | −JPY 869B | −JPY 1,197B |
| Depreciation & amortisation | JPY 59.5B | JPY 61.4B | JPY 61.3B | JPY 61.7B | JPY 68.3B |
| Stock-based compensation | JPY 27.9B | JPY 35.2B | JPY 35.6B | JPY 38.6B | JPY 40.8B |
| Acquisitions | JPY 0 | JPY 0 | JPY 457M | – | JPY 275B |
| Share buybacks | JPY 39.7B | JPY 24.7B | JPY 61B | JPY 59B | JPY 101B |
| Dividends paid | JPY 70.7B | JPY 57.3B | JPY 60.2B | JPY 113B | JPY 180B |
Key ratios
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −10.5% | 26.6% | 19.2% | 12.7% |
| EPS growth (YoY) | – | −34.2% | 77.2% | 110.7% | 7.2% |
| Net margin | 18.1% | 13.1% | 18.5% | 31.9% | 30.1% |
| Return on equityBlank when equity is negative | 4.9% | 2.9% | 5.0% | 9.8% | 9.8% |
| Free cash flow margin | −123.2% | −122.3% | −1.5% | −81.3% | −99.4% |
| Cash conversion (CFO ÷ net income) | −6.03x | −7.49x | 0.80x | −1.99x | −2.33x |
| Debt ÷ equity | 3.54x | 3.62x | 4.03x | 4.18x | 4.67x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | JPY 6,992B | JPY 7,587B | JPY 9,267B | JPY 10,067B | JPY 12,999B |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.