Nomura Holdings 野村ホールディングス（株）
Official name: NOMURA HOLDINGS, INC.
Code 8604 · Prime market · Sector: Financials (ex Banks)
Themes: no theme matched this company's filings
Next results date: , as the company's IR page states
ROE, equity ratio, FCF margin and growth come from the latest annual report on EDINET. PBR and dividend yield use the weekly reference close. Ranks compare with the companies among the 100 that have a value.
In plain words
- Revenue grew 24.1% a year over the 5 fiscal years to March 2026.
- Operating cash flow was −2.33 times net profit in the fiscal year to March 2026.
- Free cash flow was −¥2.34 trillion in the fiscal year to March 2026, −49.2% of revenue.
- The dividend was ¥51 per share in the fiscal year to March 2026, covered 2.41 times by earnings per share.
- Equity was 5.9% of total assets at the end of March 2026.
Growth
Yearly growth of revenue, earnings per share and the dividend over 5 fiscal years (CAGR).
Revenue
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LKWQ, shown as filed. Amended annual reports filed later: S100TNKV, S100TNKY, S100TNL0 (Corrections filed).
Show data table
| Date | Revenue |
|---|---|
| 2017-03-31 | ¥1,715,516,000,000 |
| 2018-03-31 | ¥1,972,158,000,000 |
| 2019-03-31 | ¥1,835,118,000,000 |
| 2020-03-31 | ¥1,952,482,000,000 |
| 2021-03-31 | ¥1,617,235,000,000 |
| 2022-03-31 | ¥1,593,999,000,000 |
| 2023-03-31 | ¥2,486,726,000,000 |
| 2024-03-31 | ¥4,157,294,000,000 |
| 2025-03-31 | ¥4,736,743,000,000 |
| 2026-03-31 | ¥4,758,486,000,000 |
Basic EPS / DPS
- Basic EPS
- DPS
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LKWQ, shown as filed. Amended annual reports filed later: S100TNKV, S100TNKY, S100TNL0 (Corrections filed).
Show data table
| Date | Basic EPS | DPS |
|---|---|---|
| 2017-03-31 | ¥67.29 | ¥20 |
| 2018-03-31 | ¥63.13 | ¥20 |
| 2019-03-31 | −¥29.9 | ¥6 |
| 2020-03-31 | ¥67.76 | ¥20 |
| 2021-03-31 | ¥50.11 | ¥35 |
| 2022-03-31 | ¥46.68 | ¥22 |
| 2023-03-31 | ¥30.86 | ¥17 |
| 2024-03-31 | ¥54.97 | ¥23 |
| 2025-03-31 | ¥115.3 | ¥57 |
| 2026-03-31 | ¥123.08 | ¥51 |
How it's calculated
- CAGR (compound annual growth rate):
CAGR = (Last / First)^(1 / years) - 1 - EPS (Earnings Per Share / 1株当たり利益):
EPS = Net profit attributable to owners / Shares outstanding
Short periods from a fiscal-year change are skipped. A starting value of zero or below gives no rate.
Profitability
Profit per yen of sales and of assets, and the three DuPont factors that multiply to ROE (ROE, ROA, DuPont analysis).
Pre-tax margin (profit before tax ÷ revenue)
Notes
- Pre-tax margin (profit before tax ÷ revenue) (2017-03-31, 2018-03-31, 2019-03-31, 2020-03-31, 2021-03-31, 2022-03-31, 2023-03-31, 2024-03-31, 2025-03-31, 2026-03-31): using profit before tax (US GAAP) (operating income not separately tagged)
Show data table
| Date | Pre-tax margin (profit before tax ÷ revenue) |
|---|---|
| 2017-03-31 | 18.816% |
| 2018-03-31 | 16.64% |
| 2019-03-31 | −2.054% |
| 2020-03-31 | 12.715% |
| 2021-03-31 | 14.263% |
| 2022-03-31 | 14.217% |
| 2023-03-31 | 6.011% |
| 2024-03-31 | 6.587% |
| 2025-03-31 | 9.964% |
| 2026-03-31 | 11.344% |
Return on equity
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LKWQ, shown as filed. Amended annual reports filed later: S100TNKV, S100TNKY, S100TNL0 (Corrections filed).
Show data table
| Date | Return on equity |
|---|---|
| 2017-03-31 | 8.73% |
| 2018-03-31 | 7.92% |
| 2019-03-31 | −3.73% |
| 2020-03-31 | 8.21% |
| 2021-03-31 | 5.73% |
| 2022-03-31 | 5.1% |
| 2023-03-31 | 3.06% |
| 2024-03-31 | 5.1% |
| 2025-03-31 | 9.99% |
| 2026-03-31 | 10.09% |
Net margin / ROA
- Net margin
- ROA
Show data table
| Date | Net margin | ROA |
|---|---|---|
| 2017-03-31 | 13.968% | 0.563% |
| 2018-03-31 | 11.122% | 0.544% |
| 2019-03-31 | −5.473% | −0.245% |
| 2020-03-31 | 11.114% | 0.493% |
| 2021-03-31 | 9.468% | 0.36% |
| 2022-03-31 | 8.971% | 0.329% |
| 2023-03-31 | 3.731% | 0.194% |
| 2024-03-31 | 3.99% | 0.301% |
| 2025-03-31 | 7.193% | 0.6% |
| 2026-03-31 | 7.61% | 0.578% |
Asset turnover / Leverage (assets / equity)
- Asset turnover
- Leverage (assets / equity)
Notes
- Leverage (assets / equity) (2017-03-31, 2018-03-31, 2019-03-31, 2020-03-31, 2021-03-31, 2022-03-31, 2023-03-31, 2024-03-31, 2025-03-31, 2026-03-31): no consolidated figure tagged in this filing (parent-only figure not used)
Show data table
| Date | Asset turnover | Leverage (assets / equity) |
|---|---|---|
| 2017-03-31 | 0.04x | — |
| 2018-03-31 | 0.05x | — |
| 2019-03-31 | 0.04x | — |
| 2020-03-31 | 0.04x | — |
| 2021-03-31 | 0.04x | — |
| 2022-03-31 | 0.04x | — |
| 2023-03-31 | 0.05x | — |
| 2024-03-31 | 0.08x | — |
| 2025-03-31 | 0.08x | — |
| 2026-03-31 | 0.08x | — |
How it's calculated
- ROE (Return on Equity):
ROE = Net profit attributable to owners / Equity - ROA (Return on Assets):
ROA = Net profit attributable to owners / Total assets - DuPont analysis:
ROE = (Net profit / Revenue) x (Revenue / Total assets) x (Total assets / Equity)
The ROE line is the company's filed figure, computed on average equity. The DuPont factors use year-end figures, so their product can differ slightly.
Cash
Cash from operations, cash spent on investment, and what was left (free cash flow, cash conversion).
Free cash flow and its inputs
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LKWQ, shown as filed. Amended annual reports filed later: S100TNKV, S100TNKY, S100TNL0 (Corrections filed).
Show data table
| Date | Free cash flow | Operating cash flow | Investing cash flow | Financing cash flow | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|
| 2017-03-31 | +¥1,186,943,000,000 | +¥1,304,994,000,000 | −¥118,051,000,000 | −¥2,130,644,000,000 | 69.189% | 5.45x |
| 2018-03-31 | −¥501,862,000,000 | −¥445,690,000,000 | −¥56,172,000,000 | +¥373,168,000,000 | −25.447% | −2.03x |
| 2019-03-31 | −¥473,668,000,000 | −¥361,165,000,000 | −¥112,503,000,000 | +¥761,191,000,000 | −25.811% | — |
| 2020-03-31 | +¥200,393,000,000 | −¥15,943,000,000 | +¥216,336,000,000 | +¥332,062,000,000 | 10.264% | −0.07x |
| 2021-03-31 | +¥526,744,000,000 | +¥665,770,000,000 | −¥139,026,000,000 | −¥269,927,000,000 | 32.571% | 4.35x |
| 2022-03-31 | −¥1,456,014,000,000 | −¥862,832,000,000 | −¥593,182,000,000 | +¥1,112,718,000,000 | −91.343% | −6.03x |
| 2023-03-31 | −¥928,045,000,000 | −¥694,820,000,000 | −¥233,225,000,000 | +¥1,283,937,000,000 | −37.32% | −7.49x |
| 2024-03-31 | −¥755,298,000,000 | +¥132,640,000,000 | −¥887,938,000,000 | +¥1,012,850,000,000 | −18.168% | 0.8x |
| 2025-03-31 | −¥1,527,258,000,000 | −¥678,611,000,000 | −¥848,647,000,000 | +¥1,679,697,000,000 | −32.243% | −1.99x |
| 2026-03-31 | −¥2,341,883,000,000 | −¥842,960,000,000 | −¥1,498,923,000,000 | +¥2,095,851,000,000 | −49.215% | −2.33x |
Cash and cash equivalents at year end
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LKWQ, shown as filed. Amended annual reports filed later: S100TNKV, S100TNKY, S100TNL0 (Corrections filed).
Show data table
| Date | Cash and cash equivalents |
|---|---|
| 2017-03-31 | ¥2,537,066,000,000 |
| 2018-03-31 | ¥2,354,868,000,000 |
| 2019-03-31 | ¥2,687,132,000,000 |
| 2020-03-31 | ¥3,192,310,000,000 |
| 2021-03-31 | ¥3,510,011,000,000 |
| 2022-03-31 | ¥3,316,408,000,000 |
| 2023-03-31 | ¥3,820,852,000,000 |
| 2024-03-31 | ¥4,299,022,000,000 |
| 2025-03-31 | ¥4,425,441,000,000 |
| 2026-03-31 | ¥4,318,722,000,000 |
How it's calculated
- Free cash flow (FCF):
FCF = Operating cash flow + Investing cash flow - FCF margin:
FCF margin = Free cash flow / Revenue - Cash conversion:
Cash conversion = Operating cash flow / Net profit attributable to owners - Cash / total assets:
Cash and cash equivalents at year end / Total assets
Investing cash flow is negative when the company invests, so FCF is operating cash flow minus what was invested. Filings give no consistent debt line, so cash is shown against total assets instead of as net cash.
Dividends
The dividend per share over time, the share of profit it took, its size against book value, and how many times earnings covered it (DOE, dividend cover, payout ratio).
0 consecutive fiscal years without a dividend cut, including 0 years of increases in a row. The count runs back from the latest year with a dividend figure and stops at a gap or a fiscal-year change.
Source: Financial Services Agency (EDINET), KabuFacts · as of 2026-06-22 Download CSV
Payout ratio
Notes
- Payout ratio (2019-03-31): not computable (loss year or zero EPS)
Show data table
| Date | Payout ratio |
|---|---|
| 2017-03-31 | 29.722% |
| 2018-03-31 | 31.681% |
| 2019-03-31 | — |
| 2020-03-31 | 29.516% |
| 2021-03-31 | 69.846% |
| 2022-03-31 | 47.129% |
| 2023-03-31 | 55.087% |
| 2024-03-31 | 41.841% |
| 2025-03-31 | 49.436% |
| 2026-03-31 | 41.436% |
How it's calculated
- DOE (Dividend on Equity):
DOE = Dividend per share / Book value per share - Dividend cover:
Dividend cover = EPS / DPS - Sustainable growth rate:
Sustainable growth = ROE x (1 - Payout ratio) - Payout ratio:
Payout ratio = DPS / EPS
Balance sheet
Equity as a share of assets, Altman's Z'' balance-sheet score and the nine Piotroski accounting checks (equity ratio, Altman Z'', Piotroski F-score).
Equity ratio
Notes
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LKWQ, shown as filed. Amended annual reports filed later: S100TNKV, S100TNKY, S100TNL0 (Corrections filed).
Show data table
| Date | Equity ratio |
|---|---|
| 2017-03-31 | 6.6% |
| 2018-03-31 | 6.8% |
| 2019-03-31 | 6.4% |
| 2020-03-31 | 6% |
| 2021-03-31 | 6.3% |
| 2022-03-31 | 6.7% |
| 2023-03-31 | 6.6% |
| 2024-03-31 | 6.1% |
| 2025-03-31 | 6.1% |
| 2026-03-31 | 5.9% |
Net income, total assets and equity
- Net income (owners of parent)
- Total assets
- Equity attributable to owners of parent
Notes
- Equity attributable to owners of parent (2017-03-31, 2018-03-31, 2019-03-31, 2020-03-31, 2021-03-31, 2022-03-31, 2023-03-31, 2024-03-31, 2025-03-31, 2026-03-31): no consolidated figure tagged in this filing (parent-only figure not used)
- FY ended March 2017, FY ended March 2018, FY ended March 2019, FY ended March 2020, FY ended March 2021: read from S100LKWQ, shown as filed. Amended annual reports filed later: S100TNKV, S100TNKY, S100TNL0 (Corrections filed).
Show data table
| Date | Net income (owners of parent) | Total assets | Equity attributable to owners of parent |
|---|---|---|---|
| 2017-03-31 | +¥239,617,000,000 | ¥42,531,972,000,000 | — |
| 2018-03-31 | +¥219,343,000,000 | ¥40,343,947,000,000 | — |
| 2019-03-31 | −¥100,442,000,000 | ¥40,969,439,000,000 | — |
| 2020-03-31 | +¥216,998,000,000 | ¥43,999,815,000,000 | — |
| 2021-03-31 | +¥153,116,000,000 | ¥42,516,480,000,000 | — |
| 2022-03-31 | +¥142,996,000,000 | ¥43,412,156,000,000 | — |
| 2023-03-31 | +¥92,786,000,000 | ¥47,771,802,000,000 | — |
| 2024-03-31 | +¥165,863,000,000 | ¥55,147,203,000,000 | — |
| 2025-03-31 | +¥340,736,000,000 | ¥56,802,170,000,000 | — |
| 2026-03-31 | +¥362,129,000,000 | ¥62,645,925,000,000 | — |
Altman Z'' score
Not computed: EDINET carries only the summary table for this US GAAP filer, not the statement lines needed.
Piotroski checklist
Comparing the fiscal year to March 2026 with the year before: 2 of the 6 checks that could be evaluated (9 in total) answered yes.
- Net profit is positive (ROA above zero)Yes
- Operating cash flow is positiveNo
- ROA higher than the year beforeNo
- Operating cash flow larger than net profitNo
- Liabilities / total assets lower than the year beforeNot evaluated
- Current ratio higher than the year beforeNot evaluated
- No increase in shares issuedYes
- Gross margin higher than the year beforeNot evaluated
- Asset turnover higher than the year beforeNo
Not evaluated: the filing lacks an input the check needs. IFRS filers often report no gross profit line.
How it's calculated
- Equity ratio:
Equity ratio = Equity / Total assets - Altman Z'' score:
Z'' = 6.56 x (Working capital / Total assets) + 3.26 x (Retained earnings / Total assets) + 6.72 x (Operating income / Total assets) + 1.05 x (Equity / Total liabilities) - Piotroski F-score:
F-score = number of the nine checks passed (shown as 'passed of evaluated')
Z'' is Altman's 1995 form for non-manufacturers and non-US companies, using book equity rather than the share price. Piotroski's debt check uses liabilities divided by total assets, because filings carry no consistent debt line. A check whose input is missing counts neither way.
Owners & people
Who holds the shares by category, the company-reported total shareholder return, and the workforce (shareholder composition, TSR, average salary).
Shareholding by owner category
- Foreign corporations etc.39.1%1,010 shareholders
- Individuals and others28.82%295,735 shareholders
- Financial institutions24.24%136 shareholders
- Securities firms4.9%79 shareholders
- Other corporations2.89%2,638 shareholders
- Foreign individuals0.04%710 shareholders
Note: treasury shares are not a separate category here: filings count them inside individuals and others (個人その他).
TSR rows share one starting point: the fiscal year end five years before the latest report. The first row covers one year and the last covers five. 100% means the holding, dividends included, was worth what it cost; the company reports the figure.
People
28,677
¥14.2 million
45 years
4 years
¥165.9 million
Average salary, age and tenure cover the parent company's own employees (提出会社), as filed. Revenue per employee divides group revenue by group employees.
Where each figure comes from
Each trail lists every year with its EDINET filing and the exact XBRL line.
Weekly snapshot
| Reference close† | Market cap (issued shares)‡ | PER (actual)‡ | PBR‡ | Yield (trailing)‡ | ROE‡ | Equity ratio‡ |
|---|---|---|---|---|---|---|
| ¥1,486.5 | ¥4.59 trillion | 12.08x | 1.16x | 3.43% | 10.09% | 5.9% |
† Reference close for the week ending 9 October 2026. ‡ Computed from the EDINET filings and the reference close.
IR events
Next: · Results
| JST | Event | Company's own title | Status |
|---|---|---|---|
| Results | Announcement of 2Q Results FY2026/27 | Scheduled | |
Subscribe in your calendar (Nomura Holdings)Google CalendarOutlook.ics file
The past year
| JST | Event | Company's own title | Status |
|---|---|---|---|
| Results | Announcement of 2Q Results FY2025/26 | Held | |
| Results | Announcement of 3Q Results FY2025/26 | Held | |
| Results | Announcement of Results for FY2025/26 | Held | |
| IR / investor day | Investor Day | Held | |
| AGM | 122nd Annual General Meeting of Shareholders | Held | |
| Results | Announcement of 1Q Results FY2026/27 | Held | |
Corrections filed
Amended reports filed on EDINET since 12 October 2021, newest first (16).
- : Amended quarterly report, for the quarter 1 October 2022 to 31 December 2022 (amends S100Q87I)
- : Amended quarterly report, for the quarter 1 July 2022 to 30 September 2022 (amends S100PM54)
- : Amended quarterly report, for the quarter 1 April 2022 to 30 June 2022 (amends S100P07P)
- : Amended internal control report, for the fiscal year 1 April 2021 to 31 March 2022 (amends S100ODLV)
- : Amended annual securities report, for the fiscal year 1 April 2021 to 31 March 2022 (amends S100O7UZ)
- : Amended quarterly report, for the quarter 1 October 2021 to 31 December 2021 (amends S100NHBD)
- : Amended quarterly report, for the quarter 1 July 2021 to 30 September 2021 (amends S100MVNS)
- : Amended quarterly report, for the quarter 1 April 2021 to 30 June 2021 (amends S100MA5Q)
- : Amended annual securities report, for the fiscal year 1 April 2020 to 31 March 2021 (amends S100LKWQ)
- : Amended annual securities report, for the fiscal year 1 April 2019 to 31 March 2020 (amends S100IWZV)
- : Amended annual securities report, for the fiscal year 1 April 2018 to 31 March 2019 (amends S100G6RJ)
- : Amended quarterly report, for the quarter 1 October 2023 to 31 December 2023 (amends S100ST1E)
- : Amended quarterly report, for the quarter 1 April 2023 to 30 June 2023 (amends S100RM00)
- : Amended quarterly report, for the quarter 1 July 2023 to 30 September 2023 (amends S100S9FZ)
- : Amended internal control report, for the fiscal year 1 April 2022 to 31 March 2023 (amends S100R4NB)
- : Amended annual securities report, for the fiscal year 1 April 2022 to 31 March 2023 (amends S100R4LO)
Amended internal control report filed , for the fiscal year 1 April 2021 to 31 March 2022. The company states a material weakness in its internal control over financial reporting, in Japanese: 当社は、当該不備は開示すべき重要な不備（Material Weakness）に該当すると判断いたしました。
Amended internal control report filed , for the fiscal year 1 April 2022 to 31 March 2023. The company states a material weakness in its internal control over financial reporting, in Japanese: 当社は、当該不備は開示すべき重要な不備（Material Weakness）に該当すると判断いたしました。
Capital actions
EDINET filings in the 12 months to 9 October 2026.
Buybacks
Buyback-status reports do not tag their share counts or yen totals. Each report's EDINET docID leads to its full text.
| Date | Filer | EDINET docID |
|---|---|---|
| 2026-09-14 | 野村ホールディングス株式会社 | S100Z1FY |
| 2026-08-13 | 野村ホールディングス株式会社 | S100YVT1 |
| 2026-07-14 | 野村ホールディングス株式会社 | S100YPD1 |
| 2026-06-12 | 野村ホールディングス株式会社 | S100YAGQ |
| 2026-05-14 | 野村ホールディングス株式会社 | S100Y3CM |
| 2026-04-14 | 野村ホールディングス株式会社 | S100XVOP |
| 2026-03-12 | 野村ホールディングス株式会社 | S100XPKA |
| 2026-02-12 | 野村ホールディングス株式会社 | S100XK0O |
| 2026-01-14 | 野村ホールディングス株式会社 | S100XB2H |
| 2025-12-12 | 野村ホールディングス株式会社 | S100X4D0 |
| 2025-11-13 | 野村ホールディングス株式会社 | S100WYPA |
| 2025-10-14 | 野村ホールディングス株式会社 | S100WUBX |
Large-holding filings
No large-holding report (大量保有報告書) or amendment named this company in the 12 months.
Takeover-bid filings
No takeover-bid filing (公開買付届出書) or target-company opinion named this company in the 12 months.
Leverage
Liabilities were 15.95x equity, worked out from the equity ratio as (1 ÷ equity ratio) − 1. It is an estimate from the balance sheet, not a reported debt figure.
Rank among the 100 companies on six measures
Each rank is a percentile among the companies with a value: 0 is the lowest, 100 the highest. "Shareholder returns" counts dividend growth only, not buybacks.
| Measure | Rank among the 100 (percentile) | Inputs |
|---|---|---|
| Growth (5y revenue CAGR) | 97 | 5y revenue CAGR: 24.09% · Stocks ranked (n): 87 |
| Profitability (ROE, 3y average) | 23 | ROE (3y average): 8.39% · Stocks ranked (n): 100 |
| Balance sheet (equity ratio) | 8 | Equity ratio: 5.9% · Stocks ranked (n): 100 |
| Valuation vs own history (PBR) | insufficient data | Current PBR: 1.16x · 10y median PBR: — · Stocks ranked (n): 0 |
| Shareholder returns (DPS CAGR) | 19 | 5y DPS CAGR: 7.82% · Buyback yield: — · Stocks ranked (n): 95 |
| Momentum (52-week range position) | insufficient data | 52-week range position: — · Stocks ranked (n): 0 |
Themes
No theme matched this company's filings.
What changed since last week
No figure for this company crossed a change threshold since the previous week.