Nomura Holdings (8604) Stock Overview
Engages in the provision of investment, financing, and related services to individual, institutional, and government clients worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
8604 Community Fair Values
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Analyst Price Targets
Nomura Holdings, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | JP¥1,352.50 |
| 52 Week High | JP¥1,506.50 |
| 52 Week Low | JP¥876.50 |
| Beta | 0.61 |
| 1 Month Change | 9.51% |
| 3 Month Change | 14.52% |
| 1 Year Change | 51.98% |
| 3 Year Change | 145.82% |
| 5 Year Change | 130.92% |
| Change since IPO | -19.49% |
Recent News & Updates
Narrative Update • Jun 04
8604: Share Repurchases And US Asset Management Expansion Will Support Undervalued Shares
Analysts have kept their ¥1,503.75 price target for Nomura Holdings broadly unchanged, citing only minor tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions in their valuation model. What's in the News Nomura backed digital asset unit Laser Digital secured conditional approval for a U.S. national trust bank charter, which would allow it to hold and administer tokenized, digital, and conventional assets in the U.S. upon full approval, subject to conditions such as minimum capital requirements (source: recent news reports).Narrative Update • May 15
8604: Ongoing Share Repurchases Will Support Undervalued Shares
Analysts have slightly reduced their price target on Nomura Holdings to ¥1,503.75 from ¥1,528.75, reflecting updated assumptions for revenue growth, profit margins, the discount rate and future P/E. What's in the News A board meeting will be held on January 30, 2026 to consider and approve a share buyback program from the market and address other matters, setting the framework for subsequent repurchases (Key Developments).Recent updates
Narrative Update • Jun 04
8604: Share Repurchases And US Asset Management Expansion Will Support Undervalued Shares
Analysts have kept their ¥1,503.75 price target for Nomura Holdings broadly unchanged, citing only minor tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions in their valuation model. What's in the News Nomura backed digital asset unit Laser Digital secured conditional approval for a U.S. national trust bank charter, which would allow it to hold and administer tokenized, digital, and conventional assets in the U.S. upon full approval, subject to conditions such as minimum capital requirements (source: recent news reports).Narrative Update • May 15
8604: Ongoing Share Repurchases Will Support Undervalued Shares
Analysts have slightly reduced their price target on Nomura Holdings to ¥1,503.75 from ¥1,528.75, reflecting updated assumptions for revenue growth, profit margins, the discount rate and future P/E. What's in the News A board meeting will be held on January 30, 2026 to consider and approve a share buyback program from the market and address other matters, setting the framework for subsequent repurchases (Key Developments).Narrative Update • Apr 21
8604: Share Repurchase Program And Higher Assumed P/E Will Support Undervalued Shares
Analysts have nudged their price target on Nomura Holdings higher from ¥1,507.50 to ¥1,528.75, linking the change to updated assumptions around revenue growth, profit margins, and future P/E levels. What's in the News The board meeting on January 30, 2026 included an agenda item to consider and approve a market share buyback program, along with other matters (Key Developments).Narrative Update • Apr 06
8604: Share Repurchase Program Will Support Undervalued Shares Despite Slightly Lower Multiple
Analysts have slightly lowered their price target for Nomura Holdings, reducing their estimate of fair value from ¥1,532.5 to ¥1,507.5. They attribute this adjustment to updated assumptions for revenue growth, profit margins and future P/E expectations. What's in the News Nomura completed a share repurchase of 32,551,600 shares, equal to 1.11% of its shares, for ¥41,478.45 million between January 30, 2026 and March 31, 2026 under its existing buyback program (company filing).Narrative Update • Mar 23
8604: Share Buyback Program Will Support Undervalued Shares Over Time
Analysts have raised their price target for Nomura Holdings from ¥1,496.25 to ¥1,532.50, citing updated assumptions related to revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News A board meeting is scheduled for January 30, 2026 to consider a share buyback program from the market and other matters (company announcement).Narrative Update • Mar 08
8604: Share Buyback Plan Will Support Undervalued Shares Over Time
Analysts have kept their price target for Nomura Holdings steady at ¥1,496.25, citing essentially unchanged assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E in their latest update. What's in the News A board meeting is scheduled for January 30, 2026 to consider a share buyback program from the market and other matters (Key Developments).Narrative Update • Feb 22
8604: Buyback Plan And Updated Assumptions Will Likely Keep Shares Fairly Valued
Analysts have nudged their price target for Nomura Holdings up by ¥3.75 to ¥1,496.25, linking this adjustment to updated assumptions for revenue growth, profit margins, and future P/E levels. What's in the News The Board of Directors authorized a new share buyback plan on January 30, 2026, indicating an intention to return capital through repurchases (company announcement).Narrative Update • Feb 08
8604: Buyback Program And Higher P/E Assumptions Will Likely Keep Shares Fairly Valued
Analysts have modestly lifted their price target for Nomura Holdings from ¥1,456.25 to ¥1,492.50, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of this adjustment. What's in the News Nomura Holdings announced a share repurchase program of up to 100,000,000 shares, or 3.41% of total shares outstanding excluding treasury stock, with a maximum amount of ¥60,000 million and a validity period through September 30, 2026.Narrative Update • Jan 24
8604: Higher Dividend And Payout Multiple Will Likely Keep Shares Fairly Valued
Analysts have raised their fair value estimate for Nomura Holdings from ¥1,352.86 to ¥1,456.25, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News Nomura Holdings plans to hold an Analyst/Investor Day, providing management with a platform to update the market on business priorities and financial targets (Key Developments).Narrative Update • Jan 08
8604: Dividend Will Rise As Earnings Multiple And Profitability Stay Stable
Analysts have raised their fair value estimate for Nomura Holdings from ¥1,294.29 to ¥1,352.86, citing updated assumptions for revenue growth, profit margin and future P/E as key drivers of the new price target range. What's in the News Nomura Holdings plans an Analyst/Investor Day, which can give you more detail on management priorities, business mix and capital plans once materials are released.Narrative Update • Dec 22
8604: Dividend Will Rise As Earnings Multiple And Profitability Remain Steady
Analysts have raised their price target on Nomura Holdings modestly to approximately ¥1,294 from ¥1,260, citing a slightly higher assumed future price to earnings multiple while keeping growth and profitability expectations broadly unchanged. What's in the News Nomura Holdings declared a dividend of JPY 27 per share for shareholders of record as of September 30, 2025, payable on December 1, 2025 (Key Developments).Analysis Article • Dec 17
With EPS Growth And More, Nomura Holdings (TSE:8604) Makes An Interesting Case
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Narrative Update • Dec 08
8604: Dividend Will Rise As Profitability And Payout Outlook Remain Stable
Analysts have raised their price target on Nomura Holdings from ¥1,160 to ¥1,260, citing stronger projected revenue growth, a modestly higher expected profit margin, and an uptick in anticipated future valuation multiples. What's in the News Announced a cash dividend of JPY 27 per share for shareholders of record at the end of September 2025, payable on December 1, 2025 (company announcement) The new dividend represents an increase from the previous year's JPY 23 per share and signals a stronger capital return to shareholders (company announcement) The record date for eligibility is September 30, 2025, which sets a clear timeline for investors tracking dividend entitlements (company announcement) Valuation Changes The fair value estimate has increased from ¥1,160 to ¥1,260, reflecting a modest upward reassessment of Nomura Holdings' intrinsic value.Narrative Update • Nov 24
8604: Dividend Will Increase Even As Discount Rate Rises And Margins Hold
Analysts have maintained Nomura Holdings' fair value target at ¥1,160. They cited adjustments in discount rates and future earnings projections as reasons for their steady outlook.Narrative Update • Nov 10
8604: Revenue Outlook Should Support Dividend Growth Despite Modest Margin Pressure
Narrative Update on Nomura Holdings Analysts have raised their price target for Nomura Holdings from ¥1,082.86 to ¥1,160.00, citing a significant increase in expected revenue growth as the primary rationale for the upward revision. What's in the News Nomura Holdings announces an increased dividend of JPY 27 per share for shareholders as of September 30, 2025.Analysis Article • Oct 31
Nomura Holdings, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Nomura Holdings, Inc. ( TSE:8604 ) just released its latest half-yearly results and things are looking bullish. It was...Narrative Update • Oct 26
Buyback Program And Demographic Trends Will Shape Future Performance Outlook
Narrative Update: Nomura Holdings Analyst Price Target Adjustment Analysts have maintained their price target for Nomura Holdings at ¥1,082.86. This reflects stable expectations for fair value based on consistent financial projections and risk assessments.Narrative Update • Oct 12
Overvaluation Will Crumble Under Japanese Demographics And Digital Competition
Nomura Holdings’ analyst price target has been lowered modestly from ¥1,098.57 to ¥1,082.86. Analysts cite a slight decrease in fair value estimates and an updated discount rate in their reassessment.Analysis Article • Sep 26
Nomura Holdings' (TSE:8604) Dividend Will Be ¥24.00
Nomura Holdings, Inc.'s ( TSE:8604 ) investors are due to receive a payment of ¥24.00 per share on 2nd of December...Narrative Update • Sep 20
Overvaluation Will Crumble Under Japanese Demographics And Digital Competition
Nomura Holdings' marginally higher analyst price target to ¥1,099 reflects essentially unchanged discount rate and future P/E assumptions, indicating stable valuation outlook. What's in the News Nomura Holdings completed a buyback program, repurchasing 66,790,900 shares (2.26% of outstanding) for ¥59,999.91 million.Analysis Article • Sep 12
Nomura Holdings (TSE:8604) Is Due To Pay A Dividend Of ¥24.00
The board of Nomura Holdings, Inc. ( TSE:8604 ) has announced that it will pay a dividend of ¥24.00 per share on the...Narrative Update • Sep 05
Overvaluation Will Crumble Under Japanese Demographics And Digital Competition
Despite marginal increases in the discount rate and future P/E, there was no meaningful change in the consensus analyst price target for Nomura Holdings, which remains at ¥1087. What's in the News Nomura Holdings completed a share repurchase program, buying back 66,790,900 shares (2.26%) for ¥59,999.91 million.Analysis Article • Aug 29
Nomura Holdings' (TSE:8604) Dividend Will Be ¥24.00
Nomura Holdings, Inc. ( TSE:8604 ) will pay a dividend of ¥24.00 on the 2nd of December. This takes the dividend yield...Analysis Article • Aug 04
Nomura Holdings (TSE:8604) Is Due To Pay A Dividend Of ¥24.00
The board of Nomura Holdings, Inc. ( TSE:8604 ) has announced that it will pay a dividend on the 2nd of December, with...Analysis Article • Aug 01
Nomura Holdings, Inc. Just Beat Revenue By 20%: Here's What Analysts Think Will Happen Next
Nomura Holdings, Inc. ( TSE:8604 ) came out with its first-quarter results last week, and we wanted to see how the...Analysis Article • Jul 21
Nomura Holdings (TSE:8604) Is Due To Pay A Dividend Of ¥24.00
Nomura Holdings, Inc. ( TSE:8604 ) has announced that it will pay a dividend of ¥24.00 per share on the 2nd of...
New Narrative • Nov 10
Diversification And Operational Efficiency Propel Revenue And Margin Growth In Financial Markets
Diversification across business lines and regions is enhancing revenue growth and stability, positively impacting future earnings and margins.Shareholder Returns
| 8604 | JP Capital Markets | JP Market | |
|---|---|---|---|
| 7D | 0.2% | 0.2% | -3.7% |
| 1Y | 52.0% | 35.3% | 37.9% |
Return vs Industry: 8604 exceeded the JP Capital Markets industry which returned 35.3% over the past year.
Return vs Market: 8604 exceeded the JP Market which returned 37.9% over the past year.
Price Volatility
| 8604 volatility | |
|---|---|
| 8604 Average Weekly Movement | 5.1% |
| Capital Markets Industry Average Movement | 4.6% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in JP Market | 9.3% |
| 10% least volatile stocks in JP Market | 2.4% |
Stable Share Price: 8604 has not had significant price volatility in the past 3 months compared to the JP market.
Volatility Over Time: 8604's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1925 | 27,242 | Kentaro Okuda | www.nomuraholdings.com |
Nomura Holdings, Inc. engages in the provision of investment, financing, and related services to individual, institutional, and government clients worldwide. It operates through three segments: Wealth Management, Investment Management, and Wholesale. The Wealth Management segment offers asset management services.
Nomura Holdings, Inc. Fundamentals Summary
| 8604 fundamental statistics | |
|---|---|
| Market cap | JP¥3.95t |
| Earnings (TTM) | JP¥362.13b |
| Revenue (TTM) | JP¥2.17t |
10.9x
P/E Ratio1.8x
P/S RatioIs 8604 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 8604 income statement (TTM) | |
|---|---|
| Revenue | JP¥2.17t |
| Cost of Revenue | JP¥470.30b |
| Gross Profit | JP¥1.70t |
| Other Expenses | JP¥1.34t |
| Earnings | JP¥362.13b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 123.89 |
| Gross Margin | 78.30% |
| Net Profit Margin | 16.71% |
| Debt/Equity Ratio | 917.4% |
How did 8604 perform over the long term?
See historical performance and comparisonDividends
3.8%
Current Dividend Yield41%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 16:58 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nomura Holdings, Inc. is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Azuma Ohno | Barclays |
| Natsumu Tsujino | BofA Global Research |
| Koichi Niwa | Citigroup Inc |