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Nomura Research Institute raises profit forecast to ¥123.0 billion, dividend to ¥88

Thu, Oct 29, 2026 15:30 JST Nomura Research Institute (4307.T) IT services 中文

Nomura Research Institute (4307) on Oct. 29 raised its net profit forecast for the fiscal year ending March 2027 to ¥123.0 billion from ¥119.0 billion and lifted its annual dividend forecast to ¥88 per share from ¥84.

Revised FY net profit forecast¥123.0 billion
Revised FY operating profit forecast¥180.0 billion
Annual dividend forecast¥88 per share
First-half operating profit¥88.27 billion

The revision accompanied first-half results for April-September 2026 under IFRS. Revenue rose 8.3% year on year to ¥429.9 billion, operating profit climbed 12.0% to ¥88.27 billion and net profit attributable to owners of the parent increased 12.0% to ¥60.01 billion. Basic earnings per share were ¥106.61, up from ¥93.53. The operating margin improved 0.7 percentage point to 20.5%, while overseas revenue grew 2.2% to ¥56.62 billion, or 13.2% of the total.

Full-year forecast for April 2026-March 2027, versus the previous forecast published on April 24, 2026:

ItemPreviousRevisedChange
Revenue¥850.0 billion¥870.0 billion2.4%
Operating profit¥175.0 billion¥180.0 billion2.9%
Pre-tax profit¥177.0 billion¥182.0 billion2.8%
Net profit attributable to owners¥119.0 billion¥123.0 billion3.4%
Basic EPS¥211.39¥218.50-

The company said demand for information system investment is expanding, centered on AI-based modernization of existing systems and digital security, and that it revised the forecast in light of the current order environment as group results remain solid. For the fiscal year ended March 2026, it reported revenue of ¥814.71 billion, operating profit of ¥58.27 billion and net profit of ¥15.26 billion.

NRI raised its year-end dividend forecast by ¥4 to ¥46. Combined with the ¥42 interim dividend for the Sept. 30, 2026 record date, the annual payout would total ¥88, compared with ¥77 a year earlier. The company targets a consolidated payout ratio of 40%; the revised forecast implies a ratio of 40.1%.

NRI plans to file its semiannual securities report on Nov. 13, 2026, and to begin paying the interim dividend on Nov. 30, 2026.


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