Nomura Holdings Reports Strong Q3, Announces Significant Share Buyback and Cancellation

summarizeSummary

Nomura Holdings reported robust third-quarter financial results, achieving a 10.3% ROE, and announced a substantial 60 billion yen share buyback program alongside the cancellation of 75 million common shares, signaling strong capital management and shareholder returns.

check_boxKey Events

• Strong Third Quarter Financial Results

  Nomura reported net revenue of 551.8 billion yen, up 7% quarter-on-quarter and 10% year-on-year, with a 10.3% Return on Equity (ROE) for the seventh consecutive quarter. Pretax income from core businesses reached its highest level in over 18 years, driven by record performance in Wealth Management and Global Markets.

• Significant Share Buyback Program Approved

  The Board of Directors approved a share buyback program with an upper limit of 100 million shares (approximately 3.2% of issued shares) and an aggregate repurchase price of 60 billion yen. The program aims to enhance capital efficiency and manage capital flexibly.

• Substantial Share Cancellation Announced

  Nomura resolved to cancel 75 million common shares, representing approximately 2.4% of its issued shares, with a scheduled cancellation date of March 2, 2026. This action further reduces the outstanding share count, boosting per-share metrics.

• Delaware Management Company Becomes Specified Subsidiary

  Delaware Management Company (DMC) has become a 'specified subsidiary' following the completion of Nomura's acquisition of Macquarie's U.S. and European public asset management business. DMC's results will be reflected in Nomura's consolidated financials for the third quarter.

auto_awesomeAnalysis

This filing presents a highly positive outlook for Nomura Holdings, combining strong operational performance with aggressive capital return initiatives. The company's third-quarter results demonstrate robust growth across its core segments, particularly in Wealth Management and Global Markets, with an impressive 10.3% Return on Equity. Complementing these strong financials, the approval of a 60 billion yen share buyback program and the cancellation of 75 million shares (approximately 2.4% of issued shares) underscore management's confidence and commitment to enhancing shareholder value. These actions, representing a substantial portion of the company's market capitalization, are likely to be viewed very favorably by investors, especially as the stock trades near its 52-week high. The update regarding Delaware Management Company becoming a specified subsidiary is a routine administrative follow-up to a previously announced acquisition, further integrating the acquired business into Nomura's operations.