Nomura Research Institute, Ltd. (TYO:4307)

Nomura Research Institute Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	814,708	814,708	764,813	736,556	692,165	611,634
Revenue Growth	6.52%	6.52%	3.84%	6.41%	13.17%	11.14%
Gross Profit Gross Profit Growth	300,152	300,152	275,296	261,007	239,829	216,072
Operating Income Operating Income Growth	155,376	155,376	133,829	118,937	109,580	102,659
Net Income Net Income Growth	15,257	15,257	93,762	79,643	76,307	71,445
Earnings Per Share EPS Growth	26.62	26.62	163.56	136.84	128.88	120.34
EPS Growth	-83.73%	-83.73%	19.53%	6.18%	7.10%	36.56%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Consulting Segment Consulting Segment Growth	63,556	63,556	60,333	51,959	46,100	42,807
Financial IT Solutions Segment Financial IT Solutions Segment Growth	399,792	399,792	366,605	349,872	328,576	303,635
Industrial IT Solutions Segment Industrial IT Solutions Segment Growth	271,241	271,241	267,487	275,923	266,723	222,583
IT Platform Services Segment IT Platform Services Segment Growth	77,039	77,039	67,041	55,628	48,153	42,607
Adjustments Adjustments Growth	3,077	3,077	3,346	3,172	2,612	-

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	132,620	132,620	168,597	173,935	129,257	115,610
Total Debt Total Debt Growth	236,127	236,127	271,022	298,538	237,744	250,415
Net Cash (Debt) Net Cash Growth	-103,507	-103,507	-102,425	-124,603	-108,487	-134,805
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-180.59	-180.59	-178.67	-214.08	-183.23	-227.06

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	147,641	147,641	130,196	142,277	118,899	98,137
Capital Expenditures CapEx Growth	-5,844	-5,844	-6,660	-7,484	-12,061	-6,824
Free Cash Flow Free Cash Flow Growth	141,797	141,797	123,536	134,793	106,838	91,313
Free Cash Flow Growth	14.78%	14.78%	-8.35%	26.17%	17.00%	18.65%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	36.84%	36.84%	35.99%	35.44%	34.65%	35.33%
Operating Margin	19.07%	19.07%	17.50%	16.15%	15.83%	16.78%
Pretax Margin	7.22%	7.22%	17.54%	15.92%	15.68%	17.11%
Profit Margin	1.87%	1.87%	12.26%	10.81%	11.02%	11.68%
FCF Margin	17.41%	17.41%	16.15%	18.30%	15.43%	14.93%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 26, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	84.000	77.000	63.000	53.000	45.000	40.000
Dividend Per Share Growth	21.74%	22.22%	18.87%	17.78%	12.50%	11.11%
Dividend Yield	1.70%	1.78%	1.32%	1.29%	1.53%	1.05%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 26, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	185.39	162.84	29.49	30.68	23.72	33.14
Forward PE	22.65	21.31	28.18	27.51	22.55	27.56
P/FCF Ratio	18.78	17.52	22.38	18.13	16.94	25.93
PS Ratio	3.27	3.05	3.62	3.32	2.62	3.87

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Jul 26, 2026

Data Sources Report a data error