Nomura Research Institute, Ltd. (TYO:4307)
Japan · Delayed Price · Currency is JPY 5,803.00
-429.00 (-6.88%)
Nov 6, 2026, 3:30 PM JST
Nomura Research Institute Cash Flow Statement
Financials in millions JPY. Fiscal year is April - March.
Millions JPY. Fiscal year is Apr - Mar.
Operating Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Net Income | 65,300 | 58,851 | 134,161 | 117,224 | 108,499 | 104,671 |
Depreciation & Amortization | 52,586 | 51,275 | 48,910 | 48,157 | 45,092 | 41,941 |
Loss (Gain) From Sale of Assets | 98,288 | 98,289 | 4,430 | 2,081 | -1,939 | -2,242 |
Loss (Gain) on Equity Investments | -1,245 | -1,103 | -902 | -780 | -450 | -204 |
Other Operating Activities | -41,300 | -45,006 | -41,517 | -28,542 | -39,985 | -19,986 |
Change in Accounts Receivable | -34,708 | -35,736 | -18,056 | -8,136 | 4,359 | -9,200 |
Change in Inventory | -379 | -661 | 358 | 109 | -276 | 213 |
Change in Accounts Payable | 30,259 | 22,735 | 5,259 | 1,656 | 4,693 | 3,377 |
Change in Other Net Operating Assets | 2,585 | -1,003 | -2,447 | 10,508 | -1,094 | -20,433 |
Operating Cash Flow | 168,507 | 147,641 | 130,196 | 142,277 | 118,899 | 98,137 |
Operating Cash Flow Growth | 16.05% | 13.40% | -8.49% | 19.66% | 21.16% | 16.01% |
Investing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Capital Expenditures | -8,208 | -5,844 | -6,660 | -7,484 | -12,061 | -6,824 |
Sale of Property, Plant & Equipment | 82 | 61 | - | 44 | 6,907 | 10,380 |
Cash Acquisitions | -441 | -4,948 | -615 | -4,071 | -11,771 | -75,704 |
Divestitures | 435 | 221 | - | - | - | - |
Sale (Purchase) of Intangibles | -34,086 | -40,467 | -42,942 | -42,313 | -42,640 | -36,153 |
Investment in Securities | 27,927 | -45,689 | 2,993 | 74 | -1,041 | -5,562 |
Other Investing Activities | -351 | -381 | -366 | 328 | -584 | -318 |
Investing Cash Flow | -14,642 | -97,047 | -47,590 | -53,422 | -61,190 | -130,547 |
Financing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Short-Term Debt Issued | - | - | 1,634 | - | - | 68,425 |
Long-Term Debt Issued | - | - | 2,918 | 77,786 | 124,562 | 29,359 |
Total Debt Issued | 24,000 | - | 4,552 | 77,786 | 124,562 | 97,784 |
Short-Term Debt Repaid | - | -2,850 | - | -3,085 | -85,048 | - |
Long-Term Debt Repaid | - | -42,879 | -24,681 | -18,889 | -49,183 | -16,286 |
Total Debt Repaid | -41,867 | -45,729 | -24,681 | -21,974 | -134,231 | -16,286 |
Net Debt Issued (Repaid) | -17,867 | -45,729 | -20,129 | 55,812 | -9,669 | 81,498 |
Issuance of Common Stock | 1,717 | 6,196 | 8,285 | 5,034 | 22,722 | 6,750 |
Repurchase of Common Stock | -95,043 | - | -30,306 | -68,427 | -20,156 | -60,136 |
Common Dividends Paid | -44,189 | -39,516 | -33,313 | -27,583 | -25,372 | -22,647 |
Other Financing Activities | -11,742 | -11,732 | -11,851 | -12,411 | -12,446 | -13,460 |
Financing Cash Flow | -167,124 | -90,781 | -87,314 | -47,575 | -44,921 | -7,995 |
Net Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Foreign Exchange Rate Adjustments | 3,245 | 4,210 | -629 | 3,399 | 859 | 2,829 |
Miscellaneous Cash Flow Adjustments | -1 | - | - | -1 | -1 | - |
Net Cash Flow | -10,015 | -35,977 | -5,337 | 44,678 | 13,646 | -37,576 |
Free Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Free Cash Flow | 160,299 | 141,797 | 123,536 | 134,793 | 106,838 | 91,313 |
Free Cash Flow Growth | 14.64% | 14.78% | -8.35% | 26.17% | 17.00% | 18.65% |
Free Cash Flow Margin | 18.91% | 17.41% | 16.15% | 18.30% | 15.43% | 14.93% |
Free Cash Flow Per Share | 288.63 | 247.40 | 215.50 | 231.59 | 180.45 | 153.80 |
Levered Free Cash Flow | 138,524 | 40,662 | 60,584 | 79,244 | 53,559 | 45,405 |
Unlevered Free Cash Flow | 140,880 | 43,296 | 64,136 | 83,054 | 56,564 | 46,269 |
Additional Metrics
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Cash Interest Paid | 3,771 | 4,478 | 5,860 | 5,891 | 3,991 | 993 |
Cash Income Tax Paid | 46,901 | 43,636 | 39,634 | 28,514 | 40,935 | 21,922 |
Change in Working Capital | -4,769 | -14,665 | -14,886 | 4,137 | 7,682 | -26,043 |