A. History and Development of the Company. The Company (previously known as The Nomura Securities Co., Ltd.) was incorporated in Japan on December 25, 1925 under the Commercial Code of Japan when the securities division of The Osaka Nomura Bank, Ltd. became a separate entity specializing in the trading and distribution of debt securities in Japan. The Company was the first Japanese securities company to develop its business internationally with the opening in 1927 of a representative office in New York. In Japan, we broadened the scope of our business when we began trading in equity securities in 1938 and when we organized the first investment trust in Japan in 1941. We have played a leading role in most major developments in the Japanese securities market.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 31.7B | 31.7B | 27.4B | 17.6B | 12.2B | 14.7B |
| Net Income | 2.3B | 2.3B | 1.1B | 658M | 1.1B | 1.4B |
| EPS | $0.78 | $0.78 | $0.36 | $0.22 | $0.36 | $0.46 |
| Free Cash Flow | -5.8B | -5.8B | -87M | -6.1B | -7.4B | 4.9B |
| ROIC | 0.0% | 2.1% | 1.0% | 0.7% | 1.2% | 1.4% |
| Gross Margin | 0.0% | 0.0% | 83.8% | 75.6% | 66.8% | 68.6% |
| Debt/Equity | 4.18 | 4.18 | 4.03 | 3.62 | 3.54 | 3.47 |
| Dividends/Share | $0.26 | $0.26 | $0.13 | $0.14 | $0.18 | $0.23 |
| Operating Income | 0 | - | 18.8B | 9.2B | 3.5B | 4.0B |
| Operating Margin | 0.0% | 0.0% | 68.7% | 52.3% | 28.4% | 27.1% |
| ROE | 9.8% | 10.0% | 5.0% | 2.9% | 4.9% | 5.7% |
| Shares Outstanding | 2,934M | 2,934M | 3,009M | 2,983M | 3,022M | 3,010M |
NOMURA HOLDINGS INC passes 2 of 9 quality checks, indicating weak fundamentals.
NOMURA HOLDINGS INC trades at 22.7x trailing earnings, compared to its 15-year median P/E of 11.4x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 1.3% with a gross margin of 59.0%. Total shareholder yield (dividends + buybacks) is 4.6%. At current prices, the estimated annualized return to fair value is -14.3%.
NOMURA HOLDINGS INC (NMR) has a current P/E ratio of 22.7, compared to its historical median P/E of 11.4. The stock is currently considered Expensive based on its historical valuation range.
NOMURA HOLDINGS INC (NMR) has a 5-year average return on invested capital (ROIC) of 1.3%. This is below average and may indicate limited pricing power.
NOMURA HOLDINGS INC (NMR) has a market capitalization of $24.7B. It is classified as a large-cap stock.
Yes, NOMURA HOLDINGS INC (NMR) pays a dividend with a trailing twelve-month yield of 3.05%. The company also returns capital through share buybacks, with a buyback yield of 1.60%.
Based on historical P/E analysis, NOMURA HOLDINGS INC (NMR) appears expensive. The current P/E of 22.7 is 98% above its historical median of 11.4. The estimated fair value CAGR (P/E method) is 1.2%.
NOMURA HOLDINGS INC (NMR) operates in the Security Brokers, Dealers & Flotation Companies industry, within the Financials sector.
NOMURA HOLDINGS INC (NMR) reported annual revenue of $31.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
NOMURA HOLDINGS INC (NMR) has a net profit margin of 7.2%. This is a modest margin.
NOMURA HOLDINGS INC (NMR) generated $-5.8 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
NOMURA HOLDINGS INC (NMR) has a debt-to-equity ratio of 4.18. This indicates higher leverage, which may increase financial risk.
NOMURA HOLDINGS INC (NMR) reported earnings per share (EPS) of $0.78 in its most recent fiscal year.
NOMURA HOLDINGS INC (NMR) has a return on equity (ROE) of 10.0%. This indicates moderate shareholder returns.
NOMURA HOLDINGS INC (NMR) has a 5-year average gross margin of 59.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for NOMURA HOLDINGS INC (NMR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NOMURA HOLDINGS INC (NMR) has a book value per share of $7.91, based on its most recent annual SEC filing.