Nomura Research Institute Stock Forecast

Stock Price Forecast

According to 15 analysts polled by S&P Global, Nomura Research Institute stock has a consensus rating of "Buy" and an average price target of ¥5,683. The average 1-year stock price forecast is 21.23% higher than the current stock price, while the lowest is ¥4,900 (+4.52%) and the highest is ¥6,700 (+42.92%).

Price Target: ¥5,683 (+21.23%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	¥4,900	¥5,683	¥5,600	¥6,700
Change	+4.52%	+21.23%	+19.45%	+42.92%

* Price targets were last updated on Mar 18, 2026.

Analyst Ratings

The average analyst rating for Nomura Research Institute stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	5	6	6	9	9	9
Buy	3	4	5	4	4	4
Hold	4	4	3	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	13	15	15	15	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Hiroko Sato Jefferies	Jefferies	Buy Upgrades ¥5,500	Buy	Upgrades	¥5,500	+17.32%	Mar 18, 2026
Chikai Tanaka Goldman Sachs	Goldman Sachs	Buy Maintains ¥6,500 → ¥5,200	Buy	Maintains	¥6,500 → ¥5,200	+10.92%	Feb 27, 2026
Unknown Analyst Tokai-Tokyo Securities No rating	Tokai-Tokyo Securities	Buy Maintains ¥6,700 → ¥6,200	Buy	Maintains	¥6,700 → ¥6,200	+32.25%	Feb 16, 2026
Unknown Analyst SBI Securities No rating	SBI Securities	Hold Maintains ¥5,800 → ¥5,300	Hold	Maintains	¥5,800 → ¥5,300	+13.05%	Feb 5, 2026
Tetsuro Tsusaka Morgan Stanley	Morgan Stanley	Buy Maintains ¥7,000	Buy	Maintains	¥7,000	+49.32%	Jan 23, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

857.63B

from 814.71B

5.27%

from 814.71B

Revenue Next Year

908.05B

from 857.63B

5.88%

from 857.63B

EPS This Year

n/a

from -

EPS Next Year

n/a

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	611.63B	692.17B	736.56B	764.81B	814.71B	857.63B
Revenue Growth	11.14%	13.17%	6.41%	3.84%	6.52%	5.27%
Gross Profit	216.07B	239.83B	261.01B	275.30B	300.15B	322.66B
Gross Margin	35.33%	34.65%	35.44%	36.00%	36.84%	37.62%
Operating Income	102.66B	109.58B	118.94B	133.83B	57.17B	178.26B
Net Income	71.45B	76.31B	79.64B	93.76B	15.26B	123.31B
Dividend / Share	40.00	45.00	53.00	63.00	77.00	86.47
Dividend Growth	-	12.50%	17.78%	18.87%	22.22%	12.30%
Free Cash Flow	45.41B	53.56B	79.24B	60.58B	-21.19B	116.37B
No. Analysts	-	-	-	-	-	14

Financial currency is JPY.

Revenue Forecast

Revenue	2027	2028	2029
High	872.0B
Avg	857.6B
Low	837.5B

Revenue Growth

Revenue Growth	2027	2028	2029
High	7.0%
Avg	5.3%
Low	2.8%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2028	2029
High	-
Avg	-
Low	-