Nomura (ADR) (NMR)
Links Japanese wealth distribution with global asset management, markets, investment banking, and banking.
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Provides wealth advice and investment distribution in Japan, manages public and alternative assets, and runs global markets and investment banking businesses. A banking division adds trust and private-market products, while international asset management has expanded in the United States and Europe; performance depends on effective conduct, information, and counterparty-risk controls.
Connects Japanese household and institutional clients with securities, wealth advice, and capital markets through Wealth Management, Investment Management, Wholesale, and Banking. The first division combines branch and digital distribution; the second manages public and alternative strategies.
Global Markets trading and investment banking sit within Wholesale, while Banking supplies trust, private-market, and bespoke banking products. The franchise is rooted in Japan but operates across major financial centers, with international asset management expanded through the acquired U.S. and European public-markets platform.
Execution rests on research-led client service, distribution reach, trading and underwriting capabilities, and cross-divisional solutions. Recurring information-control, market-conduct, client-safety, and concentrated-counterparty episodes have led to stronger surveillance and risk governance; the business remains dependent on effective controls across regulated markets.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 25, 2026 | Nomura | Upgrade | Rating: —Target: — | Target: $10.20 |
| Mar 19, 2026 | JP Morgan | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $222.28B · Total debt $223.44B · Total assets $433.33B · Shareholders' equity $24.35B
- Revenue
- $4.36B
- Operating income
- $1.34B
- Net income
- $924.5M
Reported in JPY, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | ≈ 3.05% | 88.52M ADS | |
|---|---|---|---|
| 302 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.12% | 3.45M ADS | |
| 25 holders · as of Aug 26, 2026 | |||
| Strategic holders | 7.50% | 217.57M ADS | |
| 1 holder · as of Feb 5, 2021 | |||
| Other | ≈ 89.33% | 2.59B ADS | |
| remainder | |||
2.90B ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Sumitomo Mitsui Trust Holdings, Inc.Strategic | 7.50% | 217.57M | filed Feb 5, 2021 |
Fisher Asset Management, LLCInstitution | 0.45% | 13.16M ADS | as of Jun 30, 2026 |
Donald Smith & Co., Inc.Institution | 0.42% | 12.21M ADS | as of Jun 30, 2026 |
Morgan StanleyInstitution | 0.37% | 10.81M ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 0.23% | 6.64M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 25, 2026 | Shoji Ogawa | director | +238 | $8.05 |
| Mar 25, 2026 | Masahiro Ishizuka | director | +238 | $8.05 |
| Mar 25, 2026 | Yukiko Ozaki | officer: See Remarks | +8 | $8.05 |
- Morgan Stanley
Broad global overlap in markets, advisory, wealth and investment management
- Goldman Sachs
Major wholesale rival with scaled asset and private-wealth platforms
- JPMorgan Chase
Universal-bank rival in markets, investment banking and managed assets
- UBS (ADR)
Global peer spanning wealth management, asset management and investment banking
- Mizuho Financial Group (ADR)
Bank-affiliated Japanese rival across securities, markets, wealth and assets
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nomura (ADR) | $9.96 | +0.05% | $29.64B | — | 13.7 | — | −43.9% |
| Morgan Stanley | $200.69 | +0.26% | $325.12B | 16.8 | 15.1 | 2.6 | +36.8% |
| Goldman Sachs | $950.50 | +0.07% | $283.03B | 14.8 | 13.7 | 2.4 | +39.5% |
| JPMorgan Chase | $340.72 | +0.20% | $943.29B | 15.2 | 14.1 | 3.2 | +27.8% |
| UBS (ADR) | $49.32 | +0.26% | $167.36B | 18.0 | 12.3 | 2.2 | +15.6% |
| Mizuho Financial Group (ADR) | $10.82 | −0.40% | $135.10B | 15.3 | 17.8 | 2.4 | +14.0% |
| Median | 15.3 | 14.1 | 2.4 | +27.8% |







