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Nomura Holdings, Inc.

Q1 FY26Capital Markets

Nomura Holdings, Inc. Q1 FY26 Results — Earnings Call Analysis

Q1 FY26 earnings call: what management said on revenue, margins and capex.

Price₹8
Market cap₹23.6K Cr
P/E10.8
Updated29 May 2026
Read4 min read

What the Q1 FY26 call signalled

1 of 3 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned

The short version

- Wealth Management sees steady net inflows and increasing recurring revenue assets, reaching an all-time high of JPY 28.1 trillion, indicating continued growth in sales and client activity. - Nomura targets medium to long-term growth in revenue power across its four main divisions.

From Nomura Holdings, Inc.'s Q1 FY26 earnings-call transcript · updated 29 May 2026.

Revenue & Sales Performance

Moderate growth
  • Wealth Management sees steady net inflows and increasing recurring revenue assets, reaching an all-time high of JPY 28.1 trillion, indicating continued growth in sales and client activity.
  • Investment Management’s business revenue hit a record high due to acquisition contributions and strong domestic asset management, despite one-time costs. Future profit growth expected by maximizing synergies post-integration.
  • Wholesale businesses, especially Global Markets and Investment Banking, delivered strong revenue growth (e.g., Investment Banking net revenue rose 31%), showing positive medium- to long-term outlook.

2 more points from Nomura Holdings, Inc.'s call on revenue

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Profitability & Margins

See what Nomura Holdings, Inc. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • The company has one-off acquisition-related costs and amortization of intangible assets tied to the recent Macquarie acquisition, with total future expenses expected around $100 million over the next 2 years, mostly recognized starting from Q4.
  • Investment in growth initiatives is ongoing, with more details planned to be shared at the Investor Day in May.
  • Strategic investments include marketing and advertising costs, provisions for performance-linked bonuses, commissions, and floor brokerage fees aimed at strengthening the future earnings base.
  • The company is continuing efforts to invest selectively in AI to enhance customer services.

2 more points from Nomura Holdings, Inc.'s call on capex

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Top-ranked in Capital Markets

Ranked on what management guided this quarter

Guidance-ranked
1BSE
Rev 2Mar 3
2Nippon Life Ind.
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Nomura Holdings, Inc. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Some relevant points include: - Investment Banking pipeline described as solid despite a slightly slower start to Q4 (Page 4). - Mention of multiple transactions in advisory and financing, including IPOs and cross-border deals in Investment Banking (Page 3), indicating active deal flow without quantitative backlog details.

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Frequently Asked Questions

What were Nomura Holdings, Inc. Q1 FY26 results?

- Wealth Management sees steady net inflows and increasing recurring revenue assets, reaching an all-time high of JPY 28.1 trillion, indicating continued growth in sales and client activity. - Nomura targets medium to long-term growth in revenue power across its four main divisions.

What is Nomura Holdings, Inc. share price analysis?

Nomura Holdings, Inc. currently shows a below-average growth signal. The stock trades at a P/E of 10.8 with a market cap of $23,620. Investors should review the full earnings analysis for detailed insights.

Is Nomura Holdings, Inc. planning capital expenditure?

- The company has one-off acquisition-related costs and amortization of intangible assets tied to the recent Macquarie acquisition, with total future expenses expected around $100 million over the next 2 years, mostly recognized starting from Q4.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.