Nomura releases transcript of FY2026/27 1Q financial results conference call Q&A
NMR•Conference call Q&A released
Nomura published Q&A from its FY2026/27 1Q financial results conference call on July 29, 2026, attended by CFO Hiroyuki Moriuchi.
Balance sheet and wealth flows
Balance sheet expansion was tied mainly to equity growth; a ¥8 trillion Wealth outflow stemmed from corporate-action withdrawals, while retail net inflows topped ¥400 billion.
Wholesale and equity business trends
Wholesale revenues in July tracked broadly flat year on year, with management citing typical summer seasonality.
Equity business was seen staying elevated versus historical levels despite expected normalization from a very strong first quarter; client demand remains solid.
Equity Products revenue growth split roughly evenly between financing and trading, supported by prime services, corporate derivatives, flow, and structured activity.




