NMR · NYSE · Financial - Capital Markets

Nomura (ADR) (NMR)

Links Japanese wealth distribution with global asset management, markets, investment banking, and banking.

$9.96
After hours+0.01 (+0.05%)
At close$9.96(−1.82%)
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Nomura Holdings, Inc.NMR
Financial sector

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

CEOKentaro Okuda
ListedDec 17, 2001
ExchangeNYSE
HeadquartersTokyo, Japan
CountryJapan
Employees28,677
CIK0001163653
ISINUS65535H2085

Market cap$29.64B
EPS (ttm)
P/E (ttm)
ROE
P/B1.21
P/S
Dividend yieldDiv yield3.19%
Beta1.22vs XLF 0.50

Price target$10.20+2.2%Average of 9 analysts
ConsensusHold6 of 9 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jun 25, 2026NomuraUpgrade
Rating: Target:
Rating: BuyTarget: $10.20
Mar 19, 2026JP MorganUpgrade
Rating: Neutral
Rating: Overweight

Next report
Oct 28, 26
in 36 days
EPS estimate
$0.20
Revenue estimate
$3.88B
Fiscal quarter
Q2 FY27

EPSReportedEstimate

Feb '25Apr '25Jul '25Nov '25Jan '26Apr '26Jul '26Oct '26
Reported$0.22$0.15$0.24$0.22$0.18$0.16$0.30Pending
Estimate$0.14$0.18$0.25$0.17$0.24$0.21$0.23$0.20
Surprise+54.7%−16.7%−5.1%+29.4%−25.0%−23.8%+30.4%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Nov '25Jan '26Apr '26Jul '26Oct '26
Reported$7.34B$3.17B$7.68B$7.22B$3.54B$3.62B$4.31BPending
Estimate$2.97B$2.96B$3.08B$3.31B$3.37B$3.49B$3.88B
Surprise+147.6%+7.1%+149.2%+6.9%+7.5%+23.3%
Estimate$0.20
ReportedDue Oct 28, 2026
Estimate$3.88B
ReportedDue Oct 28, 2026
View details

Debt to equity917.50%
Current ratio95.30%

ProfitabilityRevenueNet incomeNet margin

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue$7.58B$7.33B$6.24B$7.06B$7.08B$7.46B$8.63B$4.36B
Net income$624.9M$644.3M$457.1M$664.1M$584.8M$581.5M$469.6M$924.5M
Net margin8.2%8.8%7.3%9.4%8.3%7.8%5.4%21.2%

GrowthOperating income

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Operating income$844.8M$878.3M$620.8M$1.02B$867.9M$858.9M$683.9M$1.34B
YoY growth+134.4%+75.7%+6.1%+55.7%+2.7%−2.2%+10.2%+32.0%

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

View details

Dividend yield
3.19%
Next ex-date
Sep 30, 26
estimated · in 8 days
Annual dividend
$0.32
per share
Schedule
Semi-annual
2 payments a year

HistoryDividendAnnual yield

Sep '22Mar '23Sep '23Mar '24Sep '24Mar '25Sep '25Mar '26
Dividend$0.0366$0.0862$0.0543$0.0955$0.1531$0.2376$0.174$0.15
Annual yield4.40%3.27%3.39%2.35%4.76%6.35%5.66%4.11%
Ex-dateSep 29Mar 30Sep 28Mar 27Sep 30Mar 31Sep 30Mar 31
Payment dateDec 12Jun 12Dec 11Jun 13Dec 12Jun 12Dec 11Jun 18
View details

Institutions≈ 3.05%88.52M ADS
302 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders0.12%3.45M ADS
25 holders · as of Aug 26, 2026
Strategic holders7.50%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

HolderStakeSharesDate
Sumitomo Mitsui Trust Holdings, Inc.Strategic
7.50%217.57Mfiled Feb 5, 2021
Fisher Asset Management, LLCInstitution
0.45%13.16M ADSas of Jun 30, 2026
Donald Smith & Co., Inc.Institution
0.42%12.21M ADSas of Jun 30, 2026
Morgan StanleyInstitution
0.37%10.81M ADSas of Jun 30, 2026
BlackRock, Inc.Institution
0.23%6.64M ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Mar 25, 2026Shoji Ogawadirector+238$8.05
Mar 25, 2026Masahiro Ishizukadirector+238$8.05
Mar 25, 2026Yukiko Ozakiofficer: See Remarks+8$8.05
View details

  • 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

CompanyPriceChange
Nomura (ADR)$9.96+0.05%$29.64B13.7−43.9%
Morgan Stanley$200.69+0.26%$325.12B16.815.12.6+36.8%
Goldman Sachs$950.50+0.07%$283.03B14.813.72.4+39.5%
JPMorgan Chase$340.72+0.20%$943.29B15.214.13.2+27.8%
UBS (ADR)$49.32+0.26%$167.36B18.012.32.2+15.6%
Mizuho Financial Group (ADR)$10.82−0.40%$135.10B15.317.82.4+14.0%
Median15.314.12.4+27.8%