4307
Nomura Research Institute,Ltd.
株式会社野村総合研究所
Information & Communication
Nomura Research Institute, Ltd. provides consulting, financial information technology (IT) solutions, industrial IT solutions, and IT platform services in Japan and internationally. Its Consulting segment offers management, organizational reform, and system consulting services for all aspects of IT management. The company's Financial IT Solutions segment provides system consulting, development, and management solutions, as well as shared online and BPO services for financial institutions, including securities, insurance, and banking sectors. The Industrial IT Solutions segment offers system consulting, development, system management, and operation services to the distribution, manufacturing, service, and public sectors. The company's IT Platform Services segment engages in the data center operation activities and construction of IT platforms and networks to the Financial IT and Industrial IT Solutions segments, as well as providing IT platform solutions and information security services to clients of various industries. Nomura Research Institute, Ltd. was founded in 1965 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥764.8B
¥736.6B
¥692.2B
¥611.6B
Cost of Sales
¥489.5B
¥475.5B
¥452.3B
¥395.6B
Gross Profit
¥275.3B
¥261.0B
¥239.8B
¥216.1B
SG&A
¥144.1B
¥142.4B
¥131.6B
¥113.5B
Operating Income
¥134.9B
¥120.4B
¥111.8B
¥106.2B
Non-Operating Income
¥5.1B
¥3.5B
¥2.2B
¥2.0B
Interest Income
¥3.0B
¥2.3B
¥1.2B
¥781M
Non-Operating Expenses
¥5.8B
¥6.7B
¥5.6B
¥3.5B
Interest Expense
¥5.7B
¥6.1B
¥4.8B
¥1.4B
Pre-tax Income
¥134.2B
¥117.2B
¥108.5B
¥104.7B
Net Income (owners)
¥93.8B
¥79.6B
¥76.3B
¥71.4B
Minority Interest
¥620M
¥518M
¥189M
¥347M
Comprehensive Income
¥87.6B
¥88.9B
¥80.8B
¥83.6B
EBITDA
¥183.8B
¥168.6B
¥156.9B
¥148.2B
EPS
¥163.57
¥136.90
¥128.92
¥120.57
Shares Outstanding
574.0M
579.9M
591.7M
591.2M
Shares Issued (total)
581.2M
580.8M
593.7M
610.7M
Treasury Shares
7.3M
0.9M
2.0M
19.5M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥928.5B
¥922.8B
¥838.2B
¥789.7B
Current Assets
¥419.4B
¥405.2B
¥349.1B
¥333.6B
Cash & Deposits
¥168.6B
¥173.9B
¥129.3B
¥115.6B
Non-Current Assets
¥509.1B
¥517.6B
¥489.1B
¥456.0B
PP&E
¥38.0B
¥40.2B
¥42.1B
¥37.5B
Goodwill
¥109.8B
¥113.3B
¥101.8B
¥95.5B
Intangible Assets
¥158.5B
¥152.0B
¥135.4B
¥115.2B
Deferred Tax Assets
¥5.5B
¥6.1B
¥5.7B
¥5.4B
Total Liabilities
¥490.5B
¥519.8B
¥435.8B
¥447.2B
Current Liabilities
¥239.5B
¥214.6B
¥198.2B
¥298.3B
ST Debt
¥37.3B
¥13.2B
¥20.2B
¥116.9B
Non-Current Liabilities
¥251.1B
¥305.1B
¥237.6B
¥148.8B
Total LT Borrowings
¥208.7B
¥253.9B
¥182.7B
¥91.3B
Deferred Tax Liab.
¥15.4B
¥15.8B
¥14.1B
¥10.2B
Total Equity
¥438.0B
¥403.0B
¥402.4B
¥342.5B
Capital Surplus
¥34.3B
¥31.4B
¥29.4B
¥28.3B
Retained Earnings
¥378.7B
¥320.3B
¥321.7B
¥328.8B
Treasury Stock
¥-40.1B
¥-17.5B
¥-6.3B
¥-68.8B
AOCI
¥35.5B
¥40.6B
¥30.5B
¥28.6B
Equity (owners)
¥434.0B
¥399.5B
¥399.0B
¥339.4B
Minority Interests
¥3.9B
¥3.5B
¥3.4B
¥3.1B
Total Interest-Bearing Debt ⓘ
¥245.9B
¥267.1B
¥203.0B
¥208.2B
Net Cash ⓘ
¥-77.3B
¥-93.1B
¥-73.7B
¥-92.6B
NCAV ⓘ
¥-71.1B
¥-114.6B
¥-86.7B
¥-113.5B
NCAV/Share
¥-124
¥-198
¥-147
¥-192
BV/Share
¥756
¥689
¥674
¥574
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥130.2B
¥142.3B
¥118.9B
¥98.1B
D&A
¥48.9B
¥48.2B
¥45.1B
¥41.9B
Investing CF
¥-47.6B
¥-53.4B
¥-61.2B
¥-130.5B
CapEx
¥6.7B
¥7.5B
¥12.1B
¥6.8B
Financing CF
¥-87.3B
¥-47.6B
¥-44.9B
¥-8.0B
Free Cash Flow
¥123.5B
¥134.8B
¥106.8B
¥91.3B
Net Change in Cash
¥-5.3B
¥44.7B
¥13.6B
¥-37.6B
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
22.3%
19.8%
20.5%
20.9%
ROA
10.1%
9.0%
9.4%
9.0%
EPS
¥163.57
¥136.90
¥128.92
¥120.57
DPS
¥63.00
¥53.00
¥45.00
¥40.00
FCF/Share
¥215
¥232
¥181
¥154
NCAV/Share
¥-124
¥-198
¥-147
¥-192
Payout Ratio
38.5%
38.7%
34.9%
33.2%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 8
Date Activist Stake Event Flag Demands Source
2026-03-18
BlackRock Japan Co., Ltd.
6.28%
+1.25%
change
Passive
—
2025-01-06
Nomura Securities Co.,Ltd.
26.78%
-0.02%
change
Passive
—
2024-10-09
Nomura Securities Co.,Ltd.
26.8%
-0.09%
change
Passive
—
2024-10-07
Nomura Securities Co.,Ltd.
26.89%
+1.41%
change
Passive
—
2024-04-05
Nomura Securities Co.,Ltd.
25.48%
+1.04%
change
Passive
—
2023-12-07
Massachusetts Financial Services Company
4.15%
change
Passive
—
2023-11-20
BlackRock Japan Co., Ltd.
5.03%
initial_5pct
Passive
—
2023-07-05
Nomura Securities Co.,Ltd.
24.44%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-12
15:30
Div Increase
¥24.1B ¥42.0/sh
+24%
Nomura Research Institute,Ltd. (NRI) announced a dividend increase for the fiscal year ending March 31, 2026, with a per…
Summary
Nomura Research Institute,Ltd. (NRI) announced a dividend increase for the fiscal year ending March 31, 2026, with a per-share dividend of ¥42.00 (up ¥8.00 or 23.5% YoY) totaling ¥24.124 billion. The full-year dividend reaches ¥77.00 per share when combined with the Q2 interim dividend of ¥35.00. The increase reflects strong domestic business performance and the non-cash impact of goodwill impairment, while maintaining the target consolidated payout ratio of approximately 40%.
Deadline: 2026-05-29
YoY: +24%
Source (JP)
当期の期末配当につきましては、上記方針及びのれん等の減損損失計上が直接的にキャッシュ・フローへ与える影響はなく、国内事業は好調であることを踏まえ、2025年11月に実施した第2四半期末の配当金から7円増額し、1株当たり42円としました。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 17
#
Shareholder
Shares (thou.)
% of Total
1
野村ホールディングス㈱
115,703
20.16%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行㈱(信託口)
82,645
14.40%
3
Japan Custody Bank
㈱日本カストディ銀行(信託口)
31,188
5.43%
4
Nippon Life Insurance
日本生命保険相互会社 (常任代理人 日本マスタートラスト信託銀行㈱)
24,727
4.31%
5
Employee Stock Ownership Plan
NRIグループ社員持株会
24,372
4.25%
6
野村プロパティーズ㈱
16,135
2.81%
7
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505223 (常任代理人 ㈱みずほ銀行決済営業部)
14,428
2.51%
8
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 ㈱みずほ銀行決済営業部)
14,118
2.46%
9
全国共済農業協同組合連合会 (常任代理人 日本マスタートラスト信託銀行㈱)
12,914
2.25%
10
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人 ㈱みずほ銀行決済営業部)
8,438
1.47%
Domestic Nominees
19.8%
+2.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
6.4%
+0.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
33.8%
+0.3% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
野村ホールディングス
10.87%
19.13%
20.16%
+1.03%
日本マスタートラスト信託銀行
12.62%
12.13%
14.40%
+2.27%
State Street
4.13%
6.04%
6.44%
+0.40%
Japan Custody Bank
日本カストディ銀行
5.13%
4.76%
5.43%
+0.67%
Nippon Life Insurance
日本生命保険
4.18%
4.26%
4.31%
+0.05%
Employee Stock Ownership Plan
NRIグループ社員持株会
4.22%
4.18%
4.25%
+0.07%
野村プロパティーズ
11.41%
3.61%
2.81%
-0.80%
全国共済農業協同組合連合会
2.27%
2.32%
2.25%
-0.07%
㈱セブン-イレブン・ジャパン
last seen 2023
Exited Top 10
1.32%
—
—
Concentration (HHI)
ⓘ
493
626
734
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥42,096M
+20% since 2023
Holdings
17
3 exited
Trend
3 building
vs 2023
Held Company
FY2025
¥42,096M total
FY2023
¥35,104M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Seven & i Holdings Co., Ltd.
㈱セブン&アイ・ホールディングス
19,481
+200.0%
↑
9,006,522
17,937
3,002,174
Recruit Holdings Co., Ltd.
㈱リクルートホールディングス
7,657
1,000,000
3,650
1,000,000
TOYO SECURITIES CO., LTD.
東洋証券㈱
3,498
6,860,000
2,167
6,860,000
M
Mito Securities Co., Ltd.
水戸証券㈱
2,941
5,560,000
1,612
5,560,000
M
Seven Bank, Ltd.
㈱セブン銀行
2,800
10,000,000
2,650
10,000,000
AIZAWA SECURITIES GROUP CO., LTD.
アイザワ証券グループ㈱
1,483
1,000,000
690
1,000,000
KYOKUTO SECURITIES CO.,LTD.
極東証券㈱
727
500,000
297
500,000
HIMACS,Ltd.
㈱ハイマックス
724
570,240
800
570,240
Ichiyoshi Securities Co.,Ltd.
いちよし証券㈱
663
879,968
532
879,968
M
OKASAN SECURITIES GROUP INC.
㈱岡三証券グループ
663
1,000,000
471
1,000,000
ONWARD HOLDINGS Co., Ltd.
㈱オンワードホールディングス
594
1,098,600
420
1,098,600
TOHO SYSTEM SCIENCE CO.,LTD.
㈱東邦システムサイエンス
454
+50.0%
↑
368,100
280
245,400
M
MITSUBISHI PENCIL CO.,LTD.
三菱鉛筆㈱
254
+5.6%
↑
100,468
154
95,184
Fukuoka Financial Group, Inc.
㈱ふくおかフィナンシャルグループ
157
40,000
101
40,000
Global Security Experts Inc.
グローバルセキュリティエキスパート㈱
—
—
Linkers Corporation
リンカーズ㈱
—
—
CUBE SYSTEM INC.
㈱キューブシステム
—
—
M
LAC Co.,Ltd.
㈱ラック
—
−100%
Exit
—
2,194
3,130,000
グローバルセキュリティエキスパート㈱※2
—
−100%
Exit
—
1,119
210,000
リンカーズ㈱※3
—
−100%
Exit
—
30
100,000
Portfolio total
42,096
35,104
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding