Nomura Holdings Inc ADR American Depositary Shares (NMR) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

The conference is now in presentation mode. Your line is muted. Good day everyone and welcome to today's Nomura Holdings first quarter operating results for fiscal year ended March 2026 conference call. Please be reminded that today's conference call is being recorded at the request of the hosting company. Should you have any objections, You may disconnect at this point in time. During the presentation, all the telephone lines are placed for listen-only mode. The question and answer session will be held after the presentation. Please note that this telephone conference contains certain forward-looking statements and other projected results, which involve known and unknown risks, delays, uncertainties and other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these projections. Such factors include economic and market conditions, political events and investor sentiments, liquidity of secondary markets, level and volatility of interest rates, currency exchange rates, security valuations, competitive conditions and size, number and timing of transactions. With that, we'd like to begin the conference. Mr. Hiroyuki Moriuchi, Chief Financial Officer, please go ahead. Moriuchi CFO speaking. Thank you very much for joining us. Let me brief you on the results of operations for the first quarter. First of all, please turn to page 2 of the document. This is the page on the executive summary. Group net revenue came in at 5 to 3.3 billion yen, up 16% over last quarter. Income before income taxes grew 64% to 160%. was 104.6 billion yen, an increase of 45% compared with last quarter. The introduction of reciprocal tariffs for t...