TYO:4307

SBI Securities Downgrades Nomura Research Institute to Neutral from Buy; Price Target is 5,300 Yen

Japan Earnings Wrap: Tokyo Electron, Mizuho Financial Rise, Nomura Research Slides

Japanese stocks reporting earnings traded mixed on Friday, with gains led by electronics manufacturers and banks, while think-tanks declined.Tokyo Electron's (TYO:8035) shares climbed over 7% after attributable net income for the fiscal first quarter surged 40% to 164.3 billion yen.The electronics company's earnings per share climbed to 360.15 yen while net sales grew 33.3% year on year to 732.4 billion yen for the three months ended June 30.For the six months ending Sept. 30, the company expects an attributable income of 349 billion yen, EPS of 767.51 yen, and net sales of 1.620 trillion yen.Mizuho Financial Group's (TYO:8411) stocks gained 5% after fiscal first quarter earnings soared 46% to 422.9 billion yen.The Japanese banking group's earnings per share increased to 173.53 yen while ordinary income rose 18% year on year to 2.521 trillion yen.For fiscal year 2026, the group forecasts an attributable profit of 1.400 trillion yen and EPS of 575.08 yen.Nomura Research Institute's (TYO:4307) shares plummeted 16% despite first-quarter results coming in higher. The think tank posted a 12% year-over-year increase in profit attributable to owners of the parent to 29.21 billion yen for the three months ended June 30.Earnings per share increased to 51.42 yen while revenues jumped 7.5% to 210.46 billion yen for the period.For the fiscal year ending March 31, 2027, the company projects an attributable profit of 119 billion yen, EPS of 209.46 yen, and revenue of 850 billion yen.

Nomura Research Institute Profit Rises 12% in Fiscal Q1

Nomura Research Institute (TYO:4307) posted a 12.4% year-over-year increase in profit attributable to owners of the parent to 29.21 billion yen for the three months ended June 30 from 26 billion yen.The Japan-based think tank's basic earnings per share increased to 51.42 yen from 45.43 yen a year ago, according to a Tokyo Stock Exchange filing on Thursday.Revenues jumped 7.5% to 210.46 billion yen from 195.8 billion yen in the year-ago period.For the fiscal year ending March 31, 2027, the company forecasts an attributable profit of 119 billion yen, EPS of 209.46 yen, and revenue of 850 billion yen.The company plans to pay a second quarter-end dividend of 42 yen per share for the current fiscal year.

Nomura Research Institute to Reintroduce Trust-Type Employee Incentive Plan

Nomura Research Institute (TYO:4307) said its board approved the reintroduction of a trust-type employee shareholding incentive plan, E-Ship, boosting long-term corporate value, according to a Friday filing on the Tokyo Stock Exchange.The group said that it will establish the NRI Group Employee Shareholding Association Dedicated Trust V2030 to acquire NRI shares in advance using borrowed funds.The group will guarantee the trust's borrowings and repay any outstanding debt remaining at the trust's expiration period.

Nomura Research Institute Lifts Year-End Dividend to 42 Yen

Nomura Research Institute (TYO:4307) will pay a year-end dividend of 42 yen per share for the fiscal year ended March 2026, up from 34 yen a year earlier, according to a Tuesday filing on the Tokyo Stock Exchange.The dividend payment totals 24.124 billion yen and will take effect on May 29. The company's full-year dividend will amount to 77 yen per share, compared with 63 yen in the prior fiscal year, after including an interim dividend of 35 yen per share paid in November 2025.Nomura Research Institute said its dividend policy targets a consolidated payout ratio of 40% while maintaining stable shareholder returns and securing retained earnings for long-term growth.The company said favorable business performance in Japan and the limited cash flow impact from impairment losses supported the higher payout.

SBI Securities Upgrades Nomura Research Institute to Buy from Neutral; Price Target is 5,300 Yen

Nomura Research Institute (TYO:4307) has an average rating of overweight and mean price target of 5,784.23 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Nomura Research Institute's Profit Plunges 84% in Fiscal Year 2026

Nomura Research Institute's (TYO:4307) profit attributable to owners of the parent plunged 84% to 15.3 billion yen in the fiscal year 2026 from 93.8 billion yen a year earlier.The think tank's earnings per share declined to 26.62 yen from 163.56 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue rose 6.5% to 814.7 billion yen in the year ended March 31 from 764.8 billion yen in the prior year.For the fiscal year 2027, the company expects attributable profit of 119 billion yen, basic EPS of 207.17 yen, and revenue of 850 billion yen.In a separate disclosure, Nomura Research Institute revised its year-end dividend forecast upward to 42 yen per share for the fiscal year 2026, payable from May 29.For the fiscal year 2027, the company plans to pay an annual dividend of 84 yen, with interim and year-end dividends of 42 yen each.