Nomura Research Institute (NURAF) Q3 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 third 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 result, 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. This is Moriuchi CFO. Thank you for joining us. I will now give you an overview of our financial reels for the third quarter of the fiscal year ending March 2026. Please turn to page 2. Return on equity was 10.3%, reaching the quantitative target for 2030 of 8% to 10% or more for the seventh consecutive quarter. Group-wide net revenue came in at 551.8 billion yen, up 7% over the last quarter. Income before income taxes fell 1% to 135.2 billion, while net ...