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Nomura Holdings, Inc. (8604.T)

JPY1,543.00 +17.00 (+1.11%)
JP JPX Financial Services Financial - Capital Markets
Address 13-1, Nihonbashi 1-chome 103-8645
Tokyo, JP
CEO Kentaro Okuda
IPO 2000-01-04
ISIN JP3762600009

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Also trades on New York Stock Exchange · NMR (USD) Other OTC · NRSCF (USD) Tokyo Stock Exchange · 8604.T (JPY)
Description

Nomura Holdings, Inc., a financial powerhouse based in Tokyo, Japan, delivers a comprehensive array of financial solutions to a global clientele, including individuals, corporations, financial institutions, and government entities. The company's operations are strategically divided into three key segments: Retail, Investment Management, and Wholesale. The Retail segment is dedicated to serving individual clients, providing a wide range of financial products and investment services. As of March 31, 2022, this segment maintained an extensive network of 119 branches to support its client base. The Investment Management segment focuses on overseeing the management of diverse investment vehicles, such as funds and investment trusts. Additionally, it offers essential investment advisory, custodial, and administrative services to its clients. The Wholesale segment is geared towards institutional clients, actively engaging in research, sales, trading, agency execution, and market-making activities across fixed income and equity-related products. It plays a significant role in capital markets by underwriting a broad spectrum of securities, which includes various classes of shares, convertible and exchangeable instruments, different types of debt (investment grade, high yield, sovereign, and emerging market), and structured securities. This segment also facilitates private placements and other capital-raising initiatives. Furthermore, it offers sophisticated financial advisory services for complex business transactions like mergers and acquisitions, divestitures, spin-offs, capital structuring, corporate defense, leveraged buyouts, and customized risk solutions. Originally founded in 1925 as The Nomura Securities Co., Ltd., the firm officially changed its name to Nomura Holdings, Inc. in October 2001.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY1,543.00 +17.00 (+1.11%)
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Volume Profile
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Liquidity & share structure
Average Volume
11M
Beta
0.61
Float Shares
2.73B
Free Float %
94.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.76% -0.66% +2.27% -11.53% +9.13% -4.60% +44.66% +159.39% +113.81% +170.47% -35.59%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (9 analysts) Hold
Price Targets & DCF
Current price
1,543.00
Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.13
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Financial - Capital Markets: +12.8%
    +19.2% Q1'26: +12.4% (vs Q1'25)
  • EPS growth Financial - Capital Markets: +28.4%
    +110.7% Q1'26: +4.1% (vs Q1'25)
  • FCF margin Financial - Capital Markets: +134.3%
    -76.2% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Financial - Capital Markets: +28.0%
    +10.0% Q1'26: +8.9% (vs Q1'25)
  • ROIC Financial - Capital Markets: +2.6%
    +1.2% Q1'26: +1.0% (vs Q1'25)
  • Share dilution Financial - Capital Markets: +0.0%
    -2.5% Q1'26: +2.8% (vs Q1'25)
  • Debt / EBITDA Financial - Capital Markets: -0.09×
    58.74× Q1'26: 76.42× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.61) × ERP
WACC = 11% × Ke + 89% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1,543.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
6 Rev. Ana.
5 EPS Ana.
Mar 2027
5 Rev. Ana.
5 EPS Ana.
Mar 2028
7 Rev. Ana.
6 EPS Ana.
Mar 2029
3 Rev. Ana.
3 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
1.73T
est: 13.13B (+13,066.1%)
1.57T
est: 13.15B (+11,801.0%)
1.59T
est: 12.65B (+12,451.7%)
1.77T
est: 13.78B (+12,751.5%)
1.73T
est: 9.97B (+17,220.2%)
1.74T
est: 12.13B (+14,227.9%)
1.41T
est: 12.72B (+11,017.6%)
1.37T
est: 11.25B (+12,115.7%)
2.30T
est: 10.24B (+22,328.2%)
3.97T
est: 1.67T (+138.3%)
4.74T
est: 1.83T (+158.8%)
2.09T
2.05T – 2.17T
+14.3% YoY
2.15T
2.13T – 2.22T
+3.0% YoY
2.21T
2.02T – 2.38T
+2.8% YoY
2.25T
2.23T – 2.27T
+1.7% YoY
2.24T
2.13T – 2.37T
-0.3% YoY
EBITDA
425.64B
est: 1.85B (+22,884.7%)
244.55B
est: 1.86B (+13,079.0%)
393.72B
est: 1.78B (+21,957.8%)
399.74B
est: 1.94B (+20,463.0%)
20.22B
est: 1.41B (+1,338.3%)
311.84B
est: 1.71B (+18,127.7%)
294.52B
est: 1.79B (+16,311.7%)
286.15B
est: 1.59B (+17,934.4%)
210.90B
est: 1.44B (+14,501.5%)
335.19B
est: 208.42B (+60.8%)
533.62B
est: 228.73B (+133.3%)
261.42B
255.63B – 271.07B
+14.3% YoY
269.26B
265.62B – 278.09B
+3.0% YoY
276.79B
252.77B – 297.71B
+2.8% YoY
281.50B
279.07B – 283.93B
+1.7% YoY
280.55B
266.36B – 295.82B
-0.3% YoY
EBIT
346.76B
est: 1.47B (+23,414.5%)
165.16B
est: 1.48B (+11,077.0%)
322.80B
est: 1.42B (+22,609.7%)
328.16B
est: 1.55B (+21,098.7%)
-37.70B
est: 1.12B (-3,467.1%)
248.26B
est: 1.36B (+18,122.9%)
230.67B
est: 1.43B (+16,041.7%)
226.62B
est: 1.26B (+17,836.1%)
149.47B
est: 1.15B (+12,895.8%)
273.85B
est: 170.78B (+60.4%)
471.96B
est: 187.42B (+151.8%)
214.20B
209.45B – 222.11B
+14.3% YoY
220.63B
217.64B – 227.86B
+3.0% YoY
226.79B
207.12B – 243.93B
+2.8% YoY
230.65B
228.66B – 232.64B
+1.7% YoY
229.87B
218.25B – 242.39B
-0.3% YoY
Net Income
224.79B
est: 1.42B (+15,701.4%)
131.55B
est: 1.32B (+9,861.4%)
239.62B
est: 1.87B (+12,715.1%)
219.34B
est: 2.10B (+10,331.8%)
-100.44B
est: -675.60M (-14,767.0%)
217.00B
est: 2.38B (+9,025.6%)
153.12B
est: 1.99B (+7,596.8%)
143.00B
est: 1.64B (+8,619.6%)
92.79B
est: 1.09B (+8,406.0%)
165.86B
est: 211.47B (-21.6%)
340.74B
est: 330.46B (+3.1%)
362.13B
357.52B – 411.55B
+9.6% YoY
383.99B
365.80B – 402.19B
+6.0% YoY
387.05B
378.82B – 440.14B
+0.8% YoY
424.21B
398.50B – 449.91B
+9.6% YoY
437.94B
409.15B – 468.93B
+3.2% YoY
SGA
596.59B
est: 3.55B (+16,695.7%)
558.59B
est: 3.56B (+15,593.8%)
496.39B
est: 3.42B (+14,398.2%)
530.64B
est: 3.73B (+14,131.1%)
486.72B
est: 2.70B (+17,946.4%)
479.42B
est: 3.28B (+14,509.5%)
507.91B
est: 3.44B (+14,655.4%)
529.51B
est: 3.04B (+17,298.3%)
605.79B
est: 2.77B (+21,765.9%)
673.52B
est: 331.47B (+103.2%)
829.61B
est: 363.78B (+128.1%)
415.77B
406.55B – 431.11B
+14.3% YoY
428.24B
422.45B – 442.28B
+3.0% YoY
440.20B
402.01B – 473.47B
+2.8% YoY
447.70B
443.84B – 451.56B
+1.7% YoY
446.19B
423.63B – 470.47B
-0.3% YoY
EPS
61.66
est: 0.46 (+13,191.4%)
36.53
est: 0.43 (+8,382.3%)
67.29
est: 0.61 (+10,935.5%)
63.13
est: 0.69 (+9,106.8%)
-29.90
est: -0.22 (-13,471.2%)
67.76
est: 0.78 (+8,638.0%)
50.11
est: 0.65 (+7,624.2%)
46.68
est: 0.53 (+8,628.5%)
30.86
est: 0.36 (+8,575.1%)
54.92
est: 70.51 (-22.1%)
115.30
est: 108.31 (+6.5%)
129.57
117.47 – 135.23
+19.6% YoY
126.60
120.20 – 132.15
-2.3% YoY
133.58
124.47 – 144.62
+5.5% YoY
138.69
130.94 – 147.83
+3.8% YoY
143.90
134.44 – 154.08
+3.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-28 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-27 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-26 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-25 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-22 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-21 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-20 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-19 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-18 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-15 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-14 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-13 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-12 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-11 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-08 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-07 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-05-01 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-04-30 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-04-28 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-04-27 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-04-24 B- 2/5 1/5 3/5 3/5 1/5 3/5 3/5
2026-04-23 B- 3/5 1/5 3/5 4/5 1/5 3/5 3/5
2026-04-22 B- 3/5 1/5 3/5 4/5 1/5 3/5 3/5
2026-04-21 B- 3/5 1/5 3/5 4/5 1/5 3/5 3/5
2026-04-20 B- 3/5 1/5 3/5 4/5 1/5 3/5 3/5
2026-04-17 B 3/5 1/5 4/5 4/5 1/5 3/5 3/5
2026-04-16 B 3/5 1/5 4/5 4/5 1/5 3/5 3/5
2026-04-15 B 3/5 1/5 4/5 4/5 1/5 3/5 3/5
2026-04-14 B 3/5 1/5 4/5 4/5 1/5 3/5 3/5
2026-04-13 B 3/5 1/5 4/5 4/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
14.33B
OE per share TTM
5.09
Owner's Yield
0.38%
Maintenance CapEx ratio
9.47%
Maint CapEx / Avg PPE
15.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
20.11M
Shares Outstanding
2.90B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Christopher Paul Willcox Executive Officer, Head of Wholesale & Chairman of Investment Management 2B male
Kentaro Okuda President, Group Chief Executive Officer, Representative Executive Officer & Director 1B male
Yutaka Nakajima Representative Executive Officer, Deputy President & Director 689M male
Toshiyasu Iiyama Chief of Staff, Executive Officer & Deputy President 510M male
Takumi Kitamura Executive Officer & Chief Transformation Officer 270M male
Sotaro Kato Executive Officer & Chief Risk Officer 227M male
Yosuke Inaida Senior MD & Head of Content Company and Global Regulatory Affairs 141M
Hiroyuki Moriuchi Executive Officer & Chief Financial Officer
Patrick Eltridge Senior MD & Chief Information Officer male
Gareth Nicholson Executive Director, Chief Investment Officer & Head of Discretionary Portfolio Management male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits