Nomura Raises Second-Quarter Revenue 18% to ¥607.5 Billion, Supported by All Four Business Units
Key Facts
Nomura announced its second-quarter results on October 28, 2026, for the financial year ending March 31, 2027, after the announcement had been scheduled for 15:30 Tokyo time. Quarterly net revenue rose 18% year on year to ¥607.5 billion. Gains across the company’s four core business units contributed to revenue growth, according to an Investing.com report attributed to Reuters. The results reflect broad improvement across the company’s businesses, with Wealth Management and Investment Management standing out as sources of growth. This followed a record first quarter, so strong annual comparisons coincided with a decline from the previous quarter.
Wealth Management was the biggest driver in the reported figures, with revenue rising 22% year on year to ¥141.5 billion. The unit’s gross income increased 44% to ¥65.6 billion, accounting for nearly 50% of Nomura’s total gross income in the quarter. The division’s recurring revenue also reached a record ¥66.7 billion, up 30% from the same period a year earlier. This figure highlights recurring revenue alongside growth in the unit’s total revenue, and points to the contribution of recurring income sources to its quarterly results. These figures provided important support for the growth the company recorded across its core business units.
Investment Management generated revenue of ¥84.8 billion in the second quarter, up 39% from a year earlier. The Investing.com report described the unit as the bank’s second-largest source of revenue. In trading, equity revenue rose 19% year on year, while fixed-income trading revenue fell 2%. The results reflect differing performance in equities and fixed income over the same period. Still, the report said results declined from the previous quarter, when U.S. and Japanese stock markets hit record highs amid investor enthusiasm for artificial intelligence.
Chief Financial Officer Hiroyuki Moriuchi attributed the quarterly decline to the strength of the first quarter, saying: "The first quarter was very strong, so these results represent a degree of normalization." The description places second-quarter performance in the context of the previous record level, while revenue continued to grow year on year. Revenue improvement extended across all four core business units, but did not prevent a decline from the previous quarter. Trading results also show this divergence: equity revenue grew while fixed-income revenue edged lower. The quarter therefore combined broad annual growth with more moderate performance compared with the previous record period.
On shareholder returns, Nomura announced an interim dividend of ¥35 per share, compared with ¥27 per share a year earlier. This represents an increase in the interim dividend in the year-on-year comparison for the second quarter, alongside revenue growth in Wealth Management and Investment Management. Before the results were released, the company’s shares, listed under the ticker NMR, closed at $9.11 on October 27, 2026. The EL7 data provided no additional details on the stock’s movement during that day’s session. The live audio webcast of the results call was scheduled for 18:30 Japan time, 09:30 GMT and 05:30 Eastern Time on the day of the announcement.
Looking ahead, Moriuchi said wholesale activity started the third quarter at a slower pace, while the investment banking pipeline remained intact. This points to a slower start for the business in the new quarter alongside continued strength in its existing investment banking pipeline. The statement gave no third-quarter figures or date for a subsequent outlook update. Second-quarter data remain framed by the contrast between annual growth and a decline from the record first quarter. The results call, scheduled for the day of the announcement, also provides an opportunity to present investors with further details.