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Nomura Research Institute (4307) investor relations material
Nomura Research Institute Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 revenue reached ¥429,906m (+8.3% YoY) and operating profit ¥88,272m (+12.0%), both first-half records; profit attributable to owners of parent rose 12.0% to ¥60,014m.
Strong Financial IT Solutions and IT Platform Services performance, alongside AI-driven production innovation, supported growth.
FY2027 forecasts were raised to revenue of ¥870bn and operating profit of ¥180bn; MTP2028 prioritizes AI transformation, digital security and social co-creation.
Financial highlights
H1 gross profit rose 9.0% to ¥161,396m; gross margin was 37.5%, up 0.3 percentage points, and operating margin was 20.5%, up 0.7 points.
Profit before tax rose 12.9% to ¥89,703m; basic and diluted EPS were ¥106.61.
Q2 revenue rose 9.0% to ¥219,450m, operating profit increased 12.1% to ¥46,561m and profit attributable to owners rose 11.7% to ¥30,799m.
Operating cash flow was ¥94,534m and free cash flow ¥122,201m, versus ¥18,928m a year earlier.
Outlook and guidance
FY2027 forecast: revenue ¥870bn (+6.8%), operating profit ¥180bn (+14.9%), operating margin 20.7%, profit attributable to owners ¥123bn (+12.0%) and EPS ¥218.50 (+14.0%).
Versus April, revenue guidance rose ¥20bn, operating profit ¥5bn and parent-attributable profit ¥4bn; profit before tax is forecast at ¥182bn.
Segment revenue forecasts changed: Financial IT Solutions +¥19bn to ¥484bn; IT Platform Services +¥5bn to ¥87bn; Consulting -¥4bn to ¥66bn; Industrial IT Solutions unchanged at ¥230bn.
Current-FY revenue plus order backlog reached ¥724.1bn at Q2, up 8.8% YoY; realization rate increased 3.5 points to 85.2%.
- Strong revenue and profit growth driven by AI, digital security, and robust order backlog.4307
Q1 2027 - AI, security, and social innovation drive growth toward ¥950B revenue and 21% margin by FY2028.4307
Investor presentation - Profit plunged on overseas impairments despite strong domestic growth and higher revenue.4307
Q4 2026 - Strong domestic IT and consulting growth drives higher revenue and profit, with overseas reform ongoing.4307
Q3 2026 - Strong domestic and AI-driven growth boost profits; full-year outlook and dividends raised.4307
Q2 2026 - Strong revenue and profit growth in 1H FY Mar. 2025, with improved margins and robust outlook.4307
Q2 2025 - Strong profit and order backlog growth in 1Q FY March 2025; guidance unchanged.4307
Q1 2025 - Double-digit profit growth and AI-driven transformation set the stage for FY26 expansion.4307
Q4 2025 - Revenue and profit up, guidance and dividend raised on strong Consulting and IT growth.4307
Q3 2025
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