Nomura Research Institute, Ltd. (TYO: 4307)

Nomura Research Institute Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	751,269	736,556	692,165	611,634	550,337	528,873
Revenue Growth (YoY)	5.05%	6.41%	13.17%	11.14%	4.06%	5.51%
Cost of Revenue	483,914	475,549	452,336	395,562	364,539	348,006
Gross Profit	267,355	261,007	239,829	216,072	185,798	180,867
Selling, General & Admin	144,754	142,353	131,580	113,536	98,366	92,494
Other Operating Expenses	-3,761	-283	-1,331	-123	4,526	-
Operating Expenses	140,993	142,070	130,249	113,413	102,892	97,688
Operating Income	126,362	118,937	109,580	102,659	82,906	83,179
Interest Expense	-6,629	-6,095	-4,807	-1,382	-1,005	-515
Interest & Investment Income	4,569	3,405	2,066	1,705	1,258	1,380
Earnings From Equity Investments	821	780	450	204	62	8
Currency Exchange Gain (Loss)	-	-	-	-	-	236
Other Non Operating Income (Expenses)	-3	-498	-592	-1,872	-9,925	239
EBT Excluding Unusual Items	125,120	116,529	106,697	101,314	73,296	84,527
Gain (Loss) on Sale of Investments	-	1,430	-438	-	-	20,337
Gain (Loss) on Sale of Assets	-	15	2,239	3,356	-	-
Asset Writedown	-	-751	-	-	-2,220	-2,383
Other Unusual Items	-	-	-	-	-	14
Pretax Income	125,120	117,223	108,498	104,670	71,076	102,495
Income Tax Expense	36,914	37,062	32,002	32,878	18,497	32,288
Earnings From Continuing Operations	88,206	80,161	76,496	71,792	52,579	70,207
Minority Interest in Earnings	-572	-518	-189	-347	288	-931
Net Income	87,634	79,643	76,307	71,445	52,867	69,276
Net Income to Common	87,634	79,643	76,307	71,445	52,867	69,276
Net Income Growth	12.19%	4.37%	6.81%	35.14%	-23.69%	36.02%
Shares Outstanding (Basic)	575	582	592	593	598	634
Shares Outstanding (Diluted)	576	582	592	594	600	635
Shares Change (YoY)	-2.49%	-1.70%	-0.28%	-1.04%	-5.55%	-10.28%
EPS (Basic)	152.30	136.90	128.92	120.57	88.34	109.35
EPS (Diluted)	152.26	136.84	128.88	120.34	88.12	109.07
EPS Growth	15.06%	6.18%	7.10%	36.56%	-19.20%	51.61%
Free Cash Flow	126,409	134,793	106,838	91,313	76,960	97,812
Free Cash Flow Per Share	219.63	231.59	180.45	153.80	128.28	153.99
Dividend Per Share	58.000	53.000	45.000	40.000	36.000	32.000
Dividend Growth	23.40%	17.78%	12.50%	11.11%	12.50%	6.67%
Gross Margin	35.59%	35.44%	34.65%	35.33%	33.76%	34.20%
Operating Margin	16.82%	16.15%	15.83%	16.78%	15.06%	15.73%
Profit Margin	11.66%	10.81%	11.02%	11.68%	9.61%	13.10%
Free Cash Flow Margin	16.83%	18.30%	15.44%	14.93%	13.98%	18.49%
EBITDA	175,261	167,094	154,672	144,600	123,817	113,593
EBITDA Margin	23.33%	22.69%	22.35%	23.64%	22.50%	21.48%
D&A For EBITDA	48,899	48,157	45,092	41,941	40,911	30,414
EBIT	126,362	118,937	109,580	102,659	82,906	83,179
EBIT Margin	16.82%	16.15%	15.83%	16.78%	15.06%	15.73%
Effective Tax Rate	29.50%	31.62%	29.50%	31.41%	26.02%	31.50%

Source: S&P Capital IQ. Standard template. Financial Sources.