Nomura Holdings, Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission on November 2, 2026, presenting consolidated results of operations under US GAAP for the second quarter and first half of the fiscal year ending March 2027.

Key Highlights

  • First-half net revenue: According to the filing, net revenue for FY2026/27 1H was Y1,294.2 billion, up 25% year-over-year from Y1,038.8 billion.
  • Net income up 27%: Net income attributable to Nomura Holdings shareholders for FY2026/27 1H was Y249.3 billion, compared with Y196.6 billion in FY2025/26 1H.
  • Diluted EPS: Diluted net income per share for FY2026/27 1H was Y82.97, up 29% from Y64.53 in the prior-year first half.
  • ROE improvement: Return on equity for FY2026/27 1H was reported at 13.3%, up from 11.3% in FY2025/26 1H.
  • Second-quarter sequential decline: Second-quarter income before income taxes fell 30% quarter-over-quarter to Y148.0 billion, with net income of Y103.7 billion, down 29% from Q1.
  • Half-year dividend: The filing disclosed a half-year dividend per share of Y35.
  • Four-segment income growth: The filing stated that four-segment aggregate income before income taxes rose approximately 50% year-over-year in FY2026/27 1H.

Nomura's FY2026/27 First-Half Results: Segment and Earnings Detail

Nomura Holdings (NYSE:NMR) reported a 25% year-over-year increase in consolidated net revenue to Y1,294.2 billion for the first half of the fiscal year ending March 2027, according to the Form 6-K filed November 2, 2026. Income before income taxes for the same period rose 21% to Y359.5 billion, while non-interest expenses increased 26% to Y934.7 billion. The effective tax rate for FY2026/27 1H was 27.0%, compared with 31.5% in FY2025/26 1H.

The filing attributed year-over-year profit growth to contributions across all four business segments. Income before income taxes rose approximately 62% in Wealth Management, 39% in Investment Management, 47% in Wholesale, and 18% in Banking, according to the disclosure. The filing noted that stable revenues, defined as the total of recurring revenue in Wealth Management, business revenue in Investment Management, and revenue in Banking, grew approximately 60% year-over-year, which the company attributed to expansion of its asset management-based business. Recurring revenue assets in Wealth Management reached a record high of around Y750.0 billion in net inflows during the second quarter, and the recurring revenue cost coverage ratio rose to 79%, according to the filing.

For the second quarter of FY2026/27 alone, net revenue was Y607.5 billion, down 12% from the prior quarter. Income before income taxes fell 30% quarter-over-quarter to Y148.0 billion, and net income was Y103.7 billion, with diluted EPS of Y34.61. The filing stated that ROE for the second quarter was 10.9%, and that this meets the company's "new 2030 Management Vision target of 10 to 12% or more for second straight quarter." Book value per share (BPS) at the end of FY2026/27 Q2 was Y1,291.77. Income before income taxes from three international regions (the Americas, Europe, and Asia and Oceania) was Y26.4 billion in Q2 FY2026/27, down 65% quarter-over-quarter and 41% year-over-year.

What Was Disclosed

Nomura Holdings filed a Form 6-K covering consolidated US GAAP results for Q2 and 1H of the fiscal year ending March 2027, reporting year-over-year net income growth of 27% to Y249.3 billion for the first half and a half-year dividend per share of Y35.