Nomura (NMR.US) reports a 27% year-on-year increase in net profit for the first half of the fiscal year, with wealth management net inflows hitting a record high

According to Jinse Finance, Nomura Holdings (NMR.US) released its results for the second quarter of the 2026/27 fiscal year (July–September), ending September 2026: net revenue reached 607.5 billion yen (approximately $3.9 billion), up 18% year-on-year; net profit attributable to shareholders was 103.7 billion yen (around $659 million), an increase of 13% year-on-year but a decrease of 29% quarter-on-quarter.

Cumulative net profit for the first half of the fiscal year was 249.3 billion yen, up 27% year-on-year; pre-tax profit reached 359.5 billion yen, up 21% year-on-year, and total pre-tax profit of the four major business units rose by 50%. Return on equity (ROE) for the first half was 13.3%, and the dividend for the second quarter was 35 yen per share.

By business segment, wealth management was the standout: net revenue reached 141.5 billion yen, up 22% year-on-year; pre-tax profit was 65.6 billion yen, a substantial rise of 44%. As the momentum in comprehensive asset management grew, net inflows of recurring-revenue assets reached a record high of about 750 billion yen. Recurring income also hit a historic high, and the cost coverage ratio for recurring income rose to 79%.

In the banking division, pre-tax profit was 4.4 billion yen, an increase of 37% year-on-year. However, compared with the previous quarter's record levels, all businesses generally declined quarter-on-quarter: pre-tax profit in the wholesale division was 46.1 billion yen, down 51% quarter-on-quarter and 13% year-on-year; investment banking net revenue increased by 26% year-on-year, partially offsetting the slowdown in the global markets business. Pre-tax profit in the investment management division was 27.4 billion yen, down 11% year-on-year.

Management stated that the results of the transformation are evident in the revenue structure, with “stable revenue” increasing by about 60% year-on-year in the first half of the fiscal year, reflecting the ongoing expansion of asset management-oriented business. The company will continue to strengthen its income base by further diversifying sources of wholesale business revenue.

On the Tokyo market, Nomura's share price closed at 1,441.5 yen for the day, up slightly by 0.17%, with a muted market reaction. On the US market, Nomura Holdings' share price closed up 1.33% at $9.11.