Company Analysis

Nomura Holdings, Inc (NMR)

NYSE: NMR · Security Brokers, Dealers & Flotation Companies · Tokyo · filing with the SEC since 2002
Grade4.6
◀ Past 5.9● Present 4.7▶ Future 3.4
1 est.

The grade of Nomura Holdings, Inc

Nine metrics read from its own filings, by tense
Headline grade
4.6/10
◀ Past5.925% of the headline
● Present4.745% of the headline
▶ Future3.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.9/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.7/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 67th percentile among 30 sector filers · read for itself

From the record

Nomura Holdings, Inc's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.2/10

What has it actually done, year after year?

+12% a year over 10 filed years; profitable in 9 of 10.

weight 33% of this tense · 42nd percentile among 29 sector filers · read for its customers

From the record

Nomura Holdings, Inc's 10 filed years say what it did: revenue went from JPY 1716 billion in fiscal 2017 to JPY 4758 billion in fiscal 2026, up 12% a year; it rose in 6 of 9 years; the deepest fall was 19% from fiscal 2018 to fiscal 2022; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span12.0%bottom 41% of its family
  • the share of years revenue rosebottom 28% of its family
  • the share of filed years with a profittop 48% of its family
  • the deepest fall from a revenue peak19.2%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.9/10

How has it treated the people who own it?

Share count shrank 0.8% a year. 66% of cash flow returned. Insiders: 0 sales, 3 purchases.

weight 22% of this tense · 69th percentile among 26 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-03-31, Nomura Holdings, Inc's diluted share count shrank about 0.8% a year, and dividends and buybacks returned about 66% of its net income over 3 years (its filed statements). Its officers and directors filed 0 sales and 3 purchases of their own stock on the open market in the year to 2026-10-26, buying about $4 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 41% of its family
  • cash returned against operating cash flowtop 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.7/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.7/10

Is it financially healthy right now?

ROE 9%: 9¢ of profit per shareholder dollar. Leverage 94%: owes 94¢ per asset dollar.

weight 33% of this tense · 37th percentile among 29 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-03-31, Nomura Holdings, Inc earned about 9 cents of profit for every dollar of shareholders' money. Leverage: it owed about 94 cents per dollar of assets, and net share issuance: its share count shrank 0.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 12% of its family
  • return on equitybottom 33% of its family
  • the share count against the year beforetop 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.3/10

How strong is its position in its industry?

top 47% of 29 in its family; net margin 7.6%.

weight 45% of this tense · 53rd percentile among 29 sector filers · read for its customers

From the record

Nomura Holdings, Inc's standing among 29 graded names in its industry family: revenue of JPY 4758 billion in fiscal 2026 is not ranked by size, since the family reports in another currency; a net margin of 7.6% ranks in the bottom 43%; revenue growth of 24.1% a year over the last 3 filed years ranks in the top 37% (its annual reports).

What it rests on

  • net margin7.6%bottom 43% of its family
  • three-year revenue growth24.1%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 22 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 22 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 22 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Nomura Holdings, Inc's leadership is put at 4.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 22 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
1.0/10

How much room does it have to grow?

bottom 10% of 29 in its family for room to expand.

weight 33% of this tense · 10th percentile among 29 sector filers · read for itself

From the record

Nomura Holdings, Inc's room to grow, from the newest filed statements (fiscal 2026): cash of JPY 4299 billion against debt of JPY 15545 billion leaves -18% of its assets as net cash, bottom 5% of its family; cash from operations less capital spending is -25.2% of revenue (bottom 16%) (its annual report).

What it rests on

  • cash less debt against assets-18.0%bottom 5% of its family
  • cash from operations less capital spending against revenue-25.2%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.2/10

What could actually drive growth from here?

top 48% of 29 in its family for growth drivers.

weight 33% of this tense · 52nd percentile among 29 sector filers · read for its customers

From the record

Nomura Holdings, Inc's growth drivers, from the filed years to fiscal 2026: revenue grew 24.1% a year over the last three filed years against 12% over all 10, speeding up (top 20% of its family); the newest year grew 0.5% (bottom 5%); capital spending grew 27.4% a year (top 29%) (its annual reports). Nomura Holdings, Inc tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+12.1 points a yeartop 20% of its family
  • the newest year's revenue growth0.5%bottom 5% of its family
  • three-year growth of capital spending27.4%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.1/10

Did its newest year beat what its own record pointed to?

bottom 41% of 25 in its family for expectations against reality.

weight 33% of this tense · 41st percentile among 25 sector filers · read for its shareholders

From the record

Nomura Holdings, Inc's newest year against its own record: revenue of JPY 4758 billion in fiscal 2026 came in 27.2% below the JPY 6536 billion its prior three years' pace pointed to (bottom 10% of its family); net income of JPY 362 billion against a prior three-year average of JPY 200 billion (top 33%); a net margin of 7.6% against 5% before (bottom 46%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-27.2%bottom 10% of its family
  • net income against the prior three years' average+81%top 33% of its family
  • net margin against its prior average+2.6 pointsbottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NMR · research, not advice