Nomura publishes 2026 annual report
NMR•Nomura annual report highlights stronger earnings momentum and higher 2030 targets
Nomura published its annual report dated July 26, 2026, highlighting stronger earnings momentum as structural reforms gained traction in FY2025/26.
Management raised 2030 targets to ROE 10%-12%+ and income before income taxes above JPY 750 billion.
Wealth Management continued shifting toward recurring, asset management-based revenue, supported by closer integration with Banking via the sweep service.
Investment Management accelerated global expansion following the December 2025 acquisition of Macquarie’s US and European public asset management business.
Wholesale emphasized improved stability through client franchise gains, product diversification, tighter cost discipline, and greater focus on capital efficiency.
