Nomura Q2 Net Income Rises 13% as Wealth Management Sets Records

Nomura Holdings’ net income attributable to shareholders rose 13% year over year to ¥103.7 billion in its fiscal second quarter, covering July through September 2026. Wealth Management led the annual growth, while consolidated net revenue and income before income taxes also increased from a year earlier. All three consolidated measures fell from the previous quarter.

Net revenue was ¥607.5 billion, up 18% year over year. Income before income taxes reached ¥148.0 billion, an 8% increase. The quarter was the second of the fiscal year ending March 31, 2027.

Wealth Management revenue rose 22% from a year earlier to ¥141.5 billion, and pretax income climbed 44% to ¥65.6 billion. The division also set records in recurring revenue and net additions to recurring-revenue assets. Recurring revenue reached ¥66.7 billion, while net additions to those assets totaled ¥755.4 billion.

The results were lower than in the prior quarter. Net income attributable to shareholders fell 29% sequentially, net revenue declined 12% and income before income taxes dropped 30%. Wealth Management revenue decreased 3% from the previous quarter, while its pretax income was down 8%.

Results in the other divisions varied. Investment Management revenue increased 39% year over year to ¥84.8 billion, but pretax income fell 11% to ¥27.4 billion. Wholesale revenue rose 11% to ¥308.9 billion, while pretax income declined 13% to ¥46.1 billion. Banking was the only other division listed with increases in both measures: revenue climbed 27% to ¥16.4 billion, and pretax income rose 37% to ¥4.4 billion.

Nomura declared an interim dividend of ¥35 per share, compared with ¥27 per share a year earlier.