Nomura revises fy2026 earnings, dividend forecasts upward

Nomura projects consolidated net sales for FY2026 to reach JPY 160,000m, an increase from the previously forecast JPY 155,000m. Operating profit is now expected to be JPY 12,000m, up from JPY 9,500m, while ordinary profit is revised to JPY 12,100m from JPY 9,600m. Profit attributable to owners of parent is also adjusted upward to JPY 8,500m from JPY 7,000m, with basic earnings per share rising to JPY 76.17 from JPY 62.75. These revisions reflect strong performance in specialty store, exposition, and event markets, fueled by private-sector investment and inbound demand.

The company also announced an upward revision to its year-end dividend forecast for FY2026. The new forecast for the annual dividend per share is JPY 40.00, an increase of JPY 6.00 from the previously announced JPY 34.00. This decision considers the improved earnings outlook and overall business performance, with the proposal to be submitted at the 89th Ordinary General Meeting of Shareholders in late May 2026.

For the six months ended August 31, 2025, Nomura reported net sales of JPY 80,534m, an operating profit of JPY 6,895m, and ordinary profit of JPY 7,027m. Profit attributable to owners of parent for the same period was JPY 4,442m, translating to JPY 39.82 in basic earnings per share. These interim results reflect a substantial year-over-year increase across all profit metrics, surpassing prior expectations and contributing to the revised full-year outlook.