Nomura Holdings Inc ADR American Depositary Shares (NMR) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

and welcome to today's Nomura Holdings second quarter operating results for fiscal year ending 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. Thank you very much. This is Moriuchi CFO. I will now give you an overview of our financial results for the second quarter of the fiscal year ending March 2026. Please turn to page two. Group-wide net revenue came in at 515.5 billion yen, down 2% from last quarter. Income-before-income taxes fell 15% to 136.6 billion yen, while net income was 92.1 billion yen, down 12%. Excluding gains from the sale of real estate recorded in the previous quarter, net revenue was up 10%, and net income was up 40%, reflecting steady growth. Earnings pe...