Nomura Holdings Inc ADR NMR

10.06 0.29 2.97% as of 25 Sep
Market cap
$28.6B
P/E
10.3×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.00
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — 3 — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 28,550.00
Revenue 32,836.96
Net Income 0.00
Free Cash Flow 5,341.82
Net Debt (136,496.80)
Current Ratio 2.00
Debt/Equity 8.06
P/E ratio 10.27
P/S ratio 0.89
P/B ratio 1.17
Past 5Y EPS Growth 3.65%
This Y EPS Growth 26.50%
Next Y EPS Growth (0.88%)
Next 5Y EPS Growth 8.83%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate 0.21
Annual Dividend Yield 2.73%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 37.39
0.15
2025 29.69
0.24
0.17
2024 0.25
0.10
0.15
2023 0.14
0.09
0.05
2022 0.14
0.11
0.04
2021 0.21
0.14
0.07
2020 0.24
0.05
0.19
2019 0.16
0.03
0.14
2018 0.13
0.10
0.03
2017 0.28
0.10
0.10
0.08
2016 0.21
0.03
0.03
0.08
0.08
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2024 2025 2026 Q'26
Cash 180,433 159,577 153,113 339,250
Receivables 9,540 9,509 11,985 13,058
Inventory — — — —
Other — — — —
227,586 208,739 216,095 403,591
2024 2025 2026 Q'26
Payables 28,524 27,346 33,203 34,219
ST’ Debt — — — —
Other 159,855 153,173 155,410 155,498
195,656 187,893 200,181 201,898
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 8.18% 15.62% 19.50%
Cash Flow 0.00% 0.00% 0.00%
Earnings 8.15% 10.68% 51.55%
Book Value 1.12% (0.36%) 2.17%

Revenue

Jun Sep Dec Mar Year
’26 8,642 — — — —
’26 7,980 7,896 — — 31,406
’25 7,794 8,318 — — 31,263
’24 6,521 6,988 7,347 7,829 28,685
’23 3,157 3,844 5,483 5,918 18,402
’22 3,687 3,451 3,553 3,496 14,187
’21 4,781 3,942 4,376 2,103 15,202
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Jun Sep Dec Mar Year
’26 — — — — —
’26 — 6,411 — — (5,564)
’25 — (2,473) — — (4,479)
’24 (4,211) (1,020) 4,968 (3,033) 915
’23 (3,202) (1,549) (1,987) (475) (7,213)
’22 (4,906) 2,880 (6,195) (3,961) (12,182)
’21 3,542 4,194 (1,330) (148) 6,258
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Jun Sep Dec Mar Year
’26 — — — — —
’26 — 6,430 — — (6,350)
’25 — (2,863) — — (4,868)
’24 (4,211) (1,092) 4,726 (2,952) 682
’23 (3,306) (1,665) (2,335) (702) (8,009)
’22 (5,030) 2,757 (6,135) (3,919) (12,327)
’21 3,426 3,986 (1,435) (378) 5,598
in millions of $ · fiscal quarters ending in the months shown

EPS

Jun Sep Dec Mar Year
’26 0.30 — — — —
’26 0.24 0.22 — — 0.79
’25 0.14 0.22 — — 0.73
’24 0.06 0.08 0.11 0.12 0.36
’23 0.00 0.04 0.15 0.02 0.22
’22 0.14 0.01 0.17 0.09 0.42
’21 0.42 0.20 0.30 (0.47) 0.46
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
5.28 3.57 3.05 3.55 4.10 3.00 3.38 4.43 4.86 7.37

Analyst estimates 2027–2029

Powerpack
Low Price
6.80 6.83 5.28 5.46 6.72 4.87 4.54 6.62 8.50 10.94
High Price
28,186 28,048 27,864 15,748 15,330 15,213 15,131 26,850 27,242 28,677
Employees
1 1 1 1 1 1 1 1 1 1
Revenue/Emp
15,954 17,749 16,516 17,963 15,202 14,187 18,402 28,685 31,263 31,406
Revenue
94.49% 94.94% 95.50% 94.56% 93.10% 93.40% 95.21% 96.70% 96.25% 82.57%
Gross Margin
3,002 2,953 (339) 2,284 2,168 2,017 1,106 1,890 3,115 3,563
EBT
18.82% 16.64% (2.05%) 12.72% 14.26% 14.22% 6.01% 6.59% 9.96% 11.34%
EBT Margin
2,256 2,019 (852) 2,018 1,508 1,304 678 1,223 2,292 2,471
Net Income
660 644 521 585 600 530 455 423 407 451
Depreciation
4.48 5.11 4.92 5.61 4.98 4.63 6.12 9.51 10.58 10.67
Revenue/Sh
0.62 0.58 (0.27) 0.62 0.47 0.42 0.22 0.38 0.76 0.82
Earnings/Sh
3.41 (1.15) (0.97) (0.05) 2.05 (3.98) (2.40) 0.30 (1.52) (1.89)
Cash Flow/Sh
(0.19) (0.16) (0.15) 0.01 (0.22) (0.05) (0.26) (0.08) (0.13) (0.27)
Capex/Sh
3.22 (1.31) (1.12) (0.04) 1.83 (4.02) (2.66) 0.23 (1.65) (2.16)
Free CF/Sh
7.43 7.25 7.18 7.85 8.48 8.64 7.94 7.89 8.00 8.65
Book Value/Sh
3,561 3,475 3,360 3,202 3,056 3,064 3,007 3,017 2,955 2,942
Shares
10.11 10.20 0.00 6.89 11.40 10.05 17.27 16.13 10.08 9.62
PE Ratio
1.40 1.12 0.75 0.76 1.08 0.91 0.62 0.64 0.58 0.72
PS Ratio
0.84 0.79 0.51 0.54 0.63 0.49 0.48 0.78 0.75 0.93
PB Ratio
(2.28) (0.71) (1.67) (1.01) (0.63) (0.36) (0.06) (0.03) 0.85 1.57
EV/Sales
(3.18) 2.76 7.33 146.31 (1.70) 0.42 0.13 0.23 (12.14) 9.39
EV/FCF
12,137 (4,011) (3,250) (147) 6,258 (12,182) (7,213) 915 (4,479) (5,564)
Op' Cash Flow
(685) (548) (506) 23 (660) (145) (796) (233) (389) (786)
Capex
11,451 (4,560) (3,756) (124) 5,598 (12,327) (8,009) 682 (4,868) (6,350)
FCF
1,658 10,069 20,680 (438) 19,128 39,264 31,491 31,930 20,846 15,914
Working Cap'
143,101 140,362 145,220 150,162 164,014 168,303 155,083 161,065 163,367 187,840
Total Debt
(58,727) (32,409) (39,899) (31,833) (25,905) (18,063) (12,444) (19,369) 3,790 34,727
Net Debt
26,447 25,198 24,127 25,128 25,911 26,458 23,859 23,795 23,635 25,442
Sh' Equity
0.60% 0.52% (0.25%) 0.52% 0.36% 0.32% 0.19% 0.31% 0.60% 0.61%
ROA
0.00% 0.00% 0.00% 0.00% 59,558.81% 31.48% 13.54% 45.34% 10.31% 5.46%
ROIC
9.06% 7.64% (3.67%) 8.11% 5.64% 4.86% 2.73% 4.80% 9.48% 9.74%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Nomura Holdings Inc ADR (NMR) key facts

  • Nomura Holdings Inc ADR (NMR) is a Capital Markets company in the Financial sector, traded in the US as an ADR.
  • Nomura Holdings Inc ADR’s revenue for fiscal 2026 (year ended March 2026) was JPY 31.4 billion, roughly unchanged from fiscal 2025.
  • Net income was JPY 2.5 billion, or JPY 0.82 per share (basic), a net margin of 7.61%.
  • As of September 25, 2026, NMR traded at $10.06, a market capitalization of $28.6 billion.
  • At that price the stock trades at 10.3× trailing-twelve-month earnings and 0.9× sales.
  • Nomura Holdings Inc ADR pays an annual dividend of $0.21 per share, a yield of 2.73%.
  • Return on equity was 9.74% and debt-to-equity 8.06.

Source: company filings (standardised) and stockrow calculations.

Nomura Holdings Inc ADR (NMR) Latest News

News by impact score

Fine-tune

25 Sep

3

Nomura Holdings has surged about 255% over five years, prompting scrutiny of whether its returns on capital justify the current price near ¥1,586. The Excess Returns framework questions if management can sustain profitability on the balance sheet without taking on excessive risk or capital intensity. Valuation shows an 11.5x P/E, with a Book Value of ¥1,311.94 per share and a Stable EPS of ¥160.05; the implied cost of equity is ¥107.48 and the excess return ¥52.57, yielding an intrinsic value well above the current price. Average ROE is projected at 11.04%, and analysts forecast a Stable Book Value of ¥1,449.81 per share. A community narrative labels the stock as about 8% undervalued, though warnings about digital disruption, regulatory complexity, margin pressure, and overseas risks could cap long-term returns. Offers a balanced view with upside from undervaluation but with notable downside risks to margins and overseas returns.

18 Sep

3

Momentum in Nomura Holdings Inc ADR (NMR) is expected to persist based on supporting factors. Continued NMR momentum can moderately influence short-term stock performance and sentiment.

3 Aug

3 transcript

Nomura Holdings Inc ADR held Q1 2027 earnings call covering quarterly results, segment performance, and management outlook. Quarterly earnings updates deliver financial details that may shift near-term sentiment but rarely drive fundamental long-term trajectory shifts.

29 Jul

4 transcript

Nomura Holdings Inc (NMR) posted record recurring revenue in Q1 2027 earnings call with strong overall results. Record recurring revenue signals durable income growth that can lift valuation and market positioning.

3 transcript

Nomura Holdings Inc ADR released its Q1 2027 earnings call transcript detailing financial results and executive commentary. Quarterly earnings calls disclose performance metrics and guidance that influence near-term investor sentiment and valuation.

3 transcript

Nomura Holdings reported Q1 results with revenue and profit figures, alongside management commentary on business segments, cost management, and market outlook during its earnings call. Q1 earnings updates and guidance may moderately influence near-term investor sentiment and trading in NMR shares.

19 Jun

3

Nomura Holdings Inc ADR subsidiary Laser Digital received conditional approval for a US national trust bank charter. Conditional charter approval for a subsidiary opens regulated US trust services but remains early-stage without immediate revenue effects.

17 Jun

3

Nomura Holdings Inc ADR shares rose after wholesale revenue increased 30%. 30% wholesale revenue growth indicates stronger results that can lift near-term stock performance and sentiment.

1 Jun

3

Nomura plans additional US asset management acquisitions following its Macquarie deal. Potential US asset management expansion may moderately enhance Nomura's revenue and positioning.

28 May

4

Nomura Holdings raised its annual profit target 50% after posting record results. Raising the profit target by 50% after record earnings materially lifts earnings expectations and investor sentiment for NMR.

6 May

3

Nomura Holdings Inc (NMR) is increasingly drawn to the shipping sector amid opportunities in maritime finance, deal-making, and market volatility. Nomura's strategic interest in shipping could moderately boost its investment banking and trading revenues without fundamentally altering its core trajectory.

2 May

4

Nomura Holdings, Inc. (NMR) reports impressive financial results, solidifying its status as one of the best Japanese stocks to buy. Impressive financial results signal strong performance that significantly boosts investor sentiment and stock trajectory.

1 May

4

A SoftBank-tied deal led by Nomura Holdings raises nearly $1 billion to fund US data centers amid surging AI demand. Nomura's role in a $1B SoftBank-linked financing for high-demand US data centers signals major revenue potential and strengthens its tech infrastructure dealmaking profile.

25 Apr

4

Nomura Holdings Inc (NMR) reported record net income in Full Year 2026 earnings call highlights, driven by strong performance across segments despite market challenges. Record net income reflects major financial strength, poised to boost investor sentiment and trajectory.

24 Apr

4

Nomura Holdings Inc. (NMR) released Q4 earnings call highlights detailing financial performance, strategic updates, and outlook. Q4 earnings highlights cover financial results and strategies that significantly shape NMR's market performance and investor sentiment.

16 Apr

3

Nomura survey reveals four out of five institutional investors plan major crypto investments, with DeFi as top priority. Nomura's survey on institutional crypto enthusiasm enhances its competitive edge in digital assets and influences market sentiment moderately.

7 Apr

4

Nomura Holdings Inc. launches share buyback program, reshaping capital returns and dividend trade-off to prioritize buybacks over dividends. Share buyback signals management confidence and alters capital allocation, likely boosting EPS and investor sentiment significantly.

17 Mar

4

Billionaire Ken Fisher makes massive investment in Nomura Holdings Inc. ADR (NMR). Billionaire Ken Fisher's massive investment signals strong confidence, likely boosting NMR's stock price and investor sentiment significantly.

10 Feb

3

Nomura Holdings Inc ADR (NMR) is recommended for investment through three specific mutual funds aimed at providing steady returns. These funds are positioned to capitalize on market trends and offer a reliable option for investors seeking stability in their portfolios. The analysis highlights the potential benefits of these funds in the current economic climate, emphasizing their strategic alignment with investor goals. The recommendation of specific mutual funds may influence investor sentiment and financial performance but is not expected to fundamentally alter the company's trajectory.

4 Feb

3

Nomura Holdings Inc is defending its cryptocurrency strategy amid efforts to limit short-term volatility at its subsidiary, Laser Digital. The firm aims to navigate the fluctuating crypto market while maintaining a stable approach to its investments and operations in the digital asset space. Nomura's strategy in the volatile crypto market may moderately influence its financial performance and competitive positioning.

3 Feb

3

Nomura Holdings Inc ADR (NMR) and MarketAxess Holdings Inc (MKTX) are compared in terms of value stock potential. Analysts evaluate financial metrics, growth prospects, and market conditions to determine which stock offers better value for investors. The analysis considers factors such as earnings growth, valuation ratios, and overall market sentiment towards both companies. The comparison of value stocks may influence investor sentiment and market positioning but is unlikely to cause significant changes in NMR's trajectory.

3

Nomura Holdings Inc ADR (NMR) is currently being evaluated for its value as a stock. Analysts are considering various financial metrics and market conditions to determine if it represents a good investment opportunity. The company's performance, alongside broader market trends, is influencing investor sentiment and potential future growth. Current evaluations suggest a moderate influence on Nomura's financial performance and market positioning.

2 Feb

4

Nomura Holdings Inc has announced a new buyback plan, signaling a shift in focus from cryptocurrency trading to enhancing shareholder returns. This decision comes amid ongoing scrutiny of its crypto activities, as the firm aims to bolster investor confidence and improve its stock performance. The buyback initiative is seen as a strategic move to prioritize shareholder value in a challenging market environment. The buyback plan represents a significant strategic shift that could enhance shareholder value and influence market sentiment.

3

Nomura Holdings Inc plans to tighten risk controls at its subsidiary Laser Digital following significant losses related to cryptocurrency investments. The decision comes as the firm seeks to mitigate risks associated with its digital asset operations, which have faced volatility and challenges in the crypto market. Enhancing risk management protocols is expected to help stabilize the subsidiary's performance and protect the broader interests of Nomura. Tightening risk controls indicates a response to recent losses, which may moderately influence the company's financial performance and market positioning.

3

Nomura Holdings Inc, Japan's largest wealth manager, is scaling back its cryptocurrency investments following significant losses in the third quarter. The firm has faced challenges in the volatile crypto market, prompting a reevaluation of its strategy in this sector. As a result, Nomura is likely to focus more on traditional investment avenues while minimizing exposure to digital assets. The decision to reduce crypto investments indicates a moderate shift in strategy that could affect financial performance but is balanced by the firm's core operations.

1 Feb

3

Nomura Holdings Inc reported significant losses in its cryptocurrency trading segment, reflecting broader challenges in the crypto market. Despite these losses, the company is focusing on its core business areas and strategic initiatives to mitigate risks and enhance profitability. The impact of the crypto downturn is being assessed in the context of Nomura's overall performance and future growth prospects. Crypto losses may affect financial performance but are balanced by the company's focus on core operations.

3

Nomura Holdings Inc, Japan's largest wealth manager, has decided to reduce its cryptocurrency positions following losses reported in the third quarter. The firm is reassessing its exposure to the volatile crypto market amid ongoing market fluctuations and regulatory scrutiny. Reducing crypto positions indicates a strategic shift that may moderately influence financial performance and market sentiment.

30 Jan

4

Nomura Holdings Inc reported record revenue in Q3 2026, driven by strong performance across its investment banking and asset management divisions. The company outlined strategic initiatives aimed at enhancing operational efficiency and expanding its market presence. Key highlights included increased client engagement and a focus on digital transformation to adapt to evolving market conditions. Record revenue and strategic initiatives indicate a significant potential for future growth and improved market positioning.

4 transcript

Nomura Holdings Inc reported its Q3 earnings, highlighting a significant increase in revenue driven by strong performance in its investment banking and asset management divisions. The company noted improvements in trading volumes and client activity, which contributed to a positive outlook for the upcoming quarters. Management emphasized strategic initiatives aimed at enhancing operational efficiency and expanding market presence. Despite challenges in the broader economic environment, Nomura remains optimistic about future growth opportunities. Strong revenue growth and strategic initiatives indicate a significant impact on future performance and investor sentiment.

3

Nomura Holdings Inc (TSE:9716) has experienced strong recent share price momentum, prompting an assessment of its valuation. Analysts are evaluating the factors contributing to this upward trend and considering the implications for the company's future performance and market positioning. The analysis includes a review of financial metrics and market conditions that may influence investor sentiment moving forward. Recent share price momentum indicates a moderately noticeable influence on investor sentiment and potential financial performance.

stockrow.com/NMR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com