Nomura warns on trading growth and Nomura stock gains 2.53 percent
Published on 10/01/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nomura Holdings warned that wholesale revenue growth had slowed to modest levels as of September 14, 2026, according to The Japan Times, while Nomura stock gained 2.53 percent at Lang & Schwarz on October 1, 2026. The warning matters because wholesale net revenue had jumped 41.00 percent in the first quarter ended June 30, 2026.
Trading growth cools after 41.00 percent
The Japan Times reported on September 17, 2026 that Nomura's global trading and investment banking revenue was progressing slightly above the prior year as of September 14. Equity products remained solid, foreign exchange and emerging markets recovered, while rates trading was challenging.
The comparison is sharp. Wholesale net revenue rose 41.00 percent in the first quarter of fiscal 2027, but the latest company update described growth as modest. For a business that generates more than half of Nomura's overall income, the next quarterly report will show whether the slowdown is temporary or becoming a broader earnings issue.
First-quarter earnings set a high bar
Nomura's first-quarter fiscal 2027 results provide the stronger operating reference. According to note.com on September 5, 2026, revenue reached JPY 1.3717 trillion, up 31.20 percent from the prior year, while profit before income taxes rose 32.00 percent to JPY 211.5 billion. Net income attributable to company shareholders increased 39.20 percent to JPY 145.6 billion, and annualized return on equity reached 15.40 percent.
Wholesale led the result with revenue of JPY 369.1 billion, up 41.40 percent, and profit before income taxes of JPY 93.3 billion, up 122.70 percent. Investment Management also more than doubled pre-tax profit to JPY 45.0 billion, while Wealth Management generated JPY 71.1 billion, up 83.40 percent.
October 28 results are next
Investing.com lists October 28, 2026 as Nomura's next earnings date. That report will place the latest trading slowdown against the first quarter's unusually strong wholesale contribution and the 15.40 percent annualized return on equity.
Nomura was trading at EUR 28.40 at Lang & Schwarz on October 1, 2026 at 4:03 p.m. CEST, up 2.53 percent versus the prior close of EUR 27.70 on September 30, 2026. The reference price is an intraday euro quotation for Germany-based investors.
Nomura Holdings market data
- Company: Nomura Holdings, Inc.
- Ticker: 8604
- Primary exchange: Tokyo Stock Exchange
- Price Lang & Schwarz (as of October 1, 2026, 4:03 p.m. CEST): EUR 28.40
- Change versus prior close: plus 2.53 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 27.70
- Sector / Industry: Financials / Capital Markets
- Next earnings date: October 28, 2026
