Nomura publishes FY2026/27 second-quarter results call Q&A transcript
NMR•Nomura CFO Hiroyuki Moriuchi reported no notable position losses during the October 28 Q&A. Retail net inflows were ¥773 billion, while management said dividend payout guidance remains at least 40% and total payout ratio guidance at least 50%.
1. Quarterly Q&A
CFO Hiroyuki Moriuchi reported no notable position losses during Nomura’s FY2026/27 second-quarter earnings Q&A on October 28. October started slowly, but management expects Wholesale’s cost-to-income ratio to decline as it captures revenue from market events.
2. Capital allocation and inflows
Nomura may pursue bolt-on acquisitions in overseas asset management using the acquired Macquarie business as a platform, while management said it currently envisages no large-scale investments. Share buybacks will reflect growth investment opportunities. Retail net inflows reached ¥773 billion, driven mainly by medium- to long-term investments in investment trusts and public and corporate bonds.
