Nomura Faces Mixed Results: Stock Dips on Earnings Miss and Writedowns, While Wholesale Unit Rises 21% and Wealth Management Drives Annual Record Gains
- Shares declined on April 27, 2026, after the company reported fourth-quarter profit that missed analysts' estimates, driven by writedowns and a loss in Europe, while full-year results showed...
- The Japanese bank's fourth-quarter income before taxes fell 20% to JPY 107.7 billion and net income dropped 19% to JPY 73.9 billion, according to its earnings call highlights.
- Despite the quarterly shortfall, Nomura achieved record full-year results for the fiscal year ended March 2026.
Nomura Holdings Inc. Shares declined on April 27, 2026, after the company reported fourth-quarter profit that missed analysts’ estimates, driven by writedowns and a loss in Europe, while full-year results showed record performance in key divisions.
The Japanese bank’s fourth-quarter income before taxes fell 20% to JPY 107.7 billion and net income dropped 19% to JPY 73.9 billion, according to its earnings call highlights. This decline was driven by lower affiliate-related profit, an impairment charge tied to an investee company, and higher group expenses, which increased approximately 13% quarter-over-quarter.
Despite the quarterly shortfall, Nomura achieved record full-year results for the fiscal year ended March 2026. Group net revenue rose 15% year over year to JPY 2,167.7 billion, and income before income taxes increased 14% to JPY 539.8 billion. Net income rose 6% to JPY 362.1 billion, marking a second consecutive record high, with a return on equity of 10.1%.