Latest news with #HiroyukiMoriuchi
Yahoo
30-07-2025
- Business
- Yahoo
Nomura Holdings Inc (NMR) Q1 2026 Earnings Call Highlights: Strong Revenue Growth and Record AUM
Group Net Revenue: JPY523.3 billion, up 16% over last quarter. Income Before Income Taxes: JPY160.3 billion, a 64% increase from last quarter. Net Income: JPY104.6 billion, up 45% compared with last quarter. EPS: JPY34.04. Annualized ROE: 12%. Wealth Management Net Revenue: JPY105.8 billion, a 6% increase. Wealth Management Income Before Income Taxes: JPY38.8 billion, up 8%. Total Sales: JPY6.7 trillion, a 24% increase. Investment Management Net Revenue: JPY50.6 billion, up 18%. Investment Management Income Before Income Taxes: JPY21.5 billion, a 39% increase. Assets Under Management: JPY94.3 trillion, a record high. Wholesale Net Revenue: JPY261.1 billion, up 1%. Wholesale Income Before Income Taxes: JPY41.9 billion, a 12% increase. Banking Division Net Revenue: JPY12.8 billion, a 12% rise. Banking Division Income Before Income Taxes: JPY3.6 billion, up 19%. Group-wide Expenses: JPY363.0 billion, a 2% increase. Tier 1 Capital: Approximately JPY3.4 trillion. Common Equity Tier 1 Ratio: 13.2% at the end of June. Warning! GuruFocus has detected 5 Warning Sign with NMR. Release Date: July 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Group net revenue increased by 16% over the last quarter, reaching JPY523.3 billion. Income before income taxes grew by 64% to JPY160.3 billion, with net income rising 45% to JPY104.6 billion. All four divisions, including the newly established Banking division, achieved growth in both revenues and profits compared to the previous quarter. Assets under management in the Asset Management business hit a record high of JPY94.3 trillion due to market recovery. The Wealth Management division saw a net inflow of recurring revenue assets for the 13th consecutive quarter. Negative Points Recurring revenue declined compared to the previous quarter due to a decline in stock prices and the absence of investment advisory fees. Investment Banking revenues fell 27% from the previous quarter, despite being the highest for Q1 since fiscal year 2016-17. The company faced a JPY6.6 billion expense related to compensation for losses from illegal trades due to phishing scams. The common equity Tier 1 ratio decreased from 14.5% to 13.2% due to an increase in risk assets. The EMEA region reported losses due to weak market conditions and increased personnel costs due to compensation regulations. Q & A Highlights Q: Can you provide details on the phishing scam compensation and its impact on financials? A: Hiroyuki Moriuchi, CFO, explained that the phishing scam compensation of JPY6.6 billion reflects all illegal trades up to June 28. The cost is included under "other expenses." The approach is to restore clients' positions to their state before the scam, rather than direct monetary compensation. Q: What are the trends in Fixed Income and Equities, and how do they compare to peers? A: Moriuchi noted that Fixed Income was weaker compared to peers, mainly due to market confusion in April, particularly in Japanese rates. However, Equities performed strongly, especially in the Americas, driven by robust derivatives performance. Q: How is the global market performing in July, and what are the regional differences? A: Moriuchi stated that overall, the global market performance in July is in line with Q1 levels, with equities performing strongly and fixed income relatively weaker. The Americas show solid performance, while EMEA faces challenges due to market factors and regulatory costs. Q: What is the capital policy priority, and how does it relate to the Macquarie acquisition? A: Moriuchi emphasized that the priority is on strategic investments and capturing opportunities. The CET1 ratio is slightly below the midpoint of the target range, indicating a need for careful capital management. The Macquarie acquisition is on track for a December close, with no critical issues anticipated. Q: How is client sentiment in Investment Banking and Wealth Management? A: Moriuchi observed strong corporate demand in Japan due to governance reforms, while overseas markets are stabilizing post-tariff news. In Wealth Management, despite market shocks, client sentiment remains calm, with improved financial literacy and continued investment interest. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Reuters
29-07-2025
- Business
- Reuters
Nomura logs highest profit for a first quarter since 2020 with 52% jump
TOKYO, July 29 (Reuters) - Japan's Nomura Holdings (8604.T), opens new tab said first-quarter profit surged 52% with its trading and investment banking divisions putting in a solid showing amid volatile global markets, while it also benefited from a one-off gain on a property sale. The results follow Nomura's highest-ever annual profit in the year ended March 2025 and underscore some progress in its efforts to become a global financial player. The country's top investment bank and brokerage booked a net profit of 104.6 billion yen ($705 million) in April-June, its highest first-quarter profit since 2020. The sale of a Tokyo property belonging to a subsidiary generated 56 billion yen in pretax net income. Nomura's global markets division recorded 7% revenue growth as volatility triggered by U.S. President Donald Trump's proposed tariffs on trading partners in April boosted demand for macro and spread fixed-income products. "In markets, the fog has cleared somewhat, which is reflected in favourable current trading conditions, so we're expecting good results in the future," Chief Financial Officer Hiroyuki Moriuchi told a press briefing. Nomura's investment banking business saw revenue climb 2%, benefiting as NTT and Toyota group firms went private. It has had some success in raising its global profile, ranking 11th in worldwide M&A advisory fees in the first six months of 2025, up from 35th in the same period a year earlier, LSEG data shows. Nomura has expanded its wealth and asset management businesses as a means of generating stable income that is less subject to market volatility after years of choppy returns. Assets under management in its asset management division reached a record high of 94.3 trillion yen, up from 89.3 trillion yen at the end of March, helped by a shift by Japanese households from savings to investment. In April, Nomura stepped up its global ambitions by acquiring Macquarie Group's U.S. and European public asset management businesses for $1.8 billion, its largest-ever acquisition. The deal is expected to close by the end of the year. Previous attempts at overseas expansion fared poorly. Nomura's acquisition of assets from the collapse of Lehman Brothers in 2008 later had to be written down. ($1 = 148.22 yen) (This story has been corrected to clarify that Nomura logged the highest profit for a first quarter since 2020, in the headline and paragraph 3)
CNA
29-07-2025
- Business
- CNA
Nomura logs highest profit for a first quarter since 2020 with 52% jump
(Corrects headline and paragraph 3 to clarify highest profit for a first quarter since 2020.) By Anton Bridge TOKYO :Japan's Nomura Holdings said first-quarter profit surged 52 per cent with its trading and investment banking divisions putting in a solid showing amid volatile global markets, while it also benefited from a one-off gain on a property sale. The results follow Nomura's highest-ever annual profit in the year ended March 2025 and underscore some progress in its efforts to become a global financial player. The country's top investment bank and brokerage booked a net profit of 104.6 billion yen ($705 million) in April-June, its highest first-quarter profit since 2020. The sale of a Tokyo property belonging to a subsidiary generated 56 billion yen in pretax net income. Nomura's global markets division recorded 7 per cent revenue growth as volatility triggered by U.S. President Donald Trump's proposed tariffs on trading partners in April boosted demand for macro and spread fixed-income products. "In markets, the fog has cleared somewhat, which is reflected in favourable current trading conditions, so we're expecting good results in the future," Chief Financial Officer Hiroyuki Moriuchi told a press briefing. Nomura's investment banking business saw revenue climb 2 per cent, benefiting as NTT and Toyota group firms went private. It has had some success in raising its global profile, ranking 11th in worldwide M&A advisory fees in the first six months of 2025, up from 35th in the same period a year earlier, LSEG data shows. Nomura has expanded its wealth and asset management businesses as a means of generating stable income that is less subject to market volatility after years of choppy returns. Assets under management in its asset management division reached a record high of 94.3 trillion yen, up from 89.3 trillion yen at the end of March, helped by a shift by Japanese households from savings to investment. In April, Nomura stepped up its global ambitions by acquiring Macquarie Group's U.S. and European public asset management businesses for $1.8 billion, its largest-ever acquisition. The deal is expected to close by the end of the year. Previous attempts at overseas expansion fared poorly. Nomura's acquisition of assets from the collapse of Lehman Brothers in 2008 later had to be written down. ($1 = 148.22 yen)
CNA
29-07-2025
- Business
- CNA
Nomura logs highest profit for a first quarter with 52% jump
TOKYO :Japan's Nomura Holdings said first-quarter profit surged 52 per cent with its trading and investment banking divisions putting in a solid showing amid volatile global markets, while it also benefited from a one-off gain on a property sale. The results follow Nomura's highest-ever annual profit in the year ended March 2025 and underscore some progress in its efforts to become a global financial player. The country's top investment bank and brokerage booked a net profit of 104.6 billion yen ($705 million) in April-June, its highest first-quarter profit since 2021. The sale of a Tokyo property belonging to a subsidiary generated 56 billion yen in pretax net income. Nomura's global markets division recorded 7 per cent revenue growth as volatility triggered by U.S. President Donald Trump's proposed tariffs on trading partners in April boosted demand for macro and spread fixed-income products. "In markets, the fog has cleared somewhat, which is reflected in favourable current trading conditions, so we're expecting good results in the future," Chief Financial Officer Hiroyuki Moriuchi told a press briefing. Nomura's investment banking business saw revenue climb 2 per cent, benefiting as NTT and Toyota group firms went private. It has had some success in raising its global profile, ranking 11th in worldwide M&A advisory fees in the first six months of 2025, up from 35th in the same period a year earlier, LSEG data shows. Nomura has expanded its wealth and asset management businesses as a means of generating stable income that is less subject to market volatility after years of choppy returns. Assets under management in its asset management division reached a record high of 94.3 trillion yen, up from 89.3 trillion yen at the end of March, helped by a shift by Japanese households from savings to investment. In April, Nomura stepped up its global ambitions by acquiring Macquarie Group's U.S. and European public asset management businesses for $1.8 billion, its largest-ever acquisition. The deal is expected to close by the end of the year. Previous attempts at overseas expansion fared poorly. Nomura's acquisition of assets from the collapse of Lehman Brothers in 2008 later had to be written down. ($1 = 148.22 yen)
