Nomura (8604) Corporate presentation summary

Corporate governance

• The 11-member board has 7 outside directors, 3 female directors and 3 non-Japanese directors; all members of the Nomination and Compensation Committees are outside directors.

• Chairs of the Nomination, Compensation and Audit Committees are outside directors; the committees oversee director appointments, compensation and audits.

• In FY2026/27 1H, the board met 4 times and considered 2030 targets, capital allocation, cybersecurity, shareholder dialogue and strategic shareholdings.

• The FY2025/26 board effectiveness review noted improved ratings for sustainable growth and corporate value; future priorities include deeper oversight of global business and more in-depth deliberations.

Risk and technology oversight

• The Board Risk Committee has 4 members, including 3 outside directors, and oversees risk appetite, the risk management framework and risk trends; it held 5 meetings in FY2025/26.

• A CISO and dedicated Cybersecurity Department were established in April 2024; controls include external assessments, penetration testing, red teaming and third-party vendor risk reviews.

• A group AI committee sets strategy and governance priorities, while the framework covers AI development, deployment, use and monitoring.

Performance and 2030 strategy

• FY2025/26 ROE reached 10.1%, the second consecutive year above 10%; net income set a record for the second year in a row.

• Revised 2030 goals are ROE of 10–12%+ and income before income taxes above ¥750bn, versus previous targets of 8–10%+ and above ¥500bn.

• Strategic priorities include growing stable revenue, expanding and diversifying revenue, controlling costs, optimizing risk and capital allocation, and developing Wealth Management, Investment Management, Wholesale and Banking.

• Stable revenues rose ~1.6x YoY, driven by asset-management-based business; recurring revenue assets and assets under management increased with inflows.