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Nomura Research Institute, Ltd.

Nomura Research Institute, Ltd.

4307.T
Nomura Research Institute, Ltd.JP flagTokyo Stock Exchange
5,119.00
JPY
+32.00
- -
2.87TMarket Cap
Nomura Research Institute, Ltd.
4307.T
(Tokyo Stock Exchange)

Recent

price

5,119.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
461.78
472.85
509.03
535.35
559.39
564.65
570.82
650.38
709.66
834.57
919.63
1,032.17
1,169.37
1,266.08
1,334.23
- -
650.19
Revenue per Share
32.81
46.39
40.02
43.73
53.57
57.14
60.59
76.07
72.11
91.86
88.34
120.57
128.92
136.9
163.57
- -
72.89
Basic EPS, GAAP
41.04
15.25
51.44
-0.71
36.33
46.13
30.06
48.23
43.68
134.86
92.85
93.09
108.46
158.97
140.6
- -
90.67
Free Cash Flow per Basic Share
14.32
14.3
14.62
14.53
16.72
22.04
24.57
28.72
30.26
30.62
33.93
38.22
42.86
47.41
58.12
- -
24.2
Dividend per Share
401.13
430.51
450.29
477.29
510.94
531.48
563.28
568.44
586.55
465.12
501.06
592.75
583.4
593.06
705.34
- -
649.71
Book Value per Share
245.42
282.42
346.86
400.47
479.34
482.76
467.64
453.72
445.8
286.58
407.96
222.32
278.96
236.67
296.09
- -
251.57
Tangible Book Value per Share
707
710
715
721
726
746
744
725
706
634
598
593
592
582
573
- -
576
Basic Weighted Avg Shares
326,328
335,554
363,891
385,932
405,984
421,439
424,548
471,488
501,243
528,721
550,337
611,634
692,165
736,556
764,813
814,708
374,491
Sales/Revenue/Turnover
11.78
12.86
12.08
12.91
12.68
13.83
13.78
13.82
14.25
16.19
14.66
17.33
16.09
16.24
17.52
7.02
16.3
Operating Margin (%)
30,665
30,875
42,474
34,118
25,800
32,598
28,476
31,941
30,427
39,383
40,911
41,941
45,092
48,157
48,910
51,275
24,405
Depreciation Expense
23,188
32,920
28,612
31,527
38,880
42,648
45,064
55,145
50,931
58,195
52,867
71,445
76,307
79,643
93,762
15,257
41,981
Net Income, GAAP
41.81
41.43
33.27
40.17
32.52
31.32
32.38
31.94
32.85
30.87
26.02
31.41
29.5
31.62
29.65
73.18
29.17
Effective Tax Rate (%)
7.11
9.81
7.86
8.17
9.58
10.12
10.61
11.7
10.16
11.01
9.61
11.68
11.02
10.81
12.26
1.87
11.21
Profit Margin (%)
109,433
107,424
70,999
128,280
185,357
172,639
184,363
136,142
144,158
103,008
149,018
35,303
150,855
190,536
179,942
228,039
183,826
Working Capital
59,511
57,085
4,591
52,512
51,623
43,125
49,745
35,255
89,850
127,447
129,399
121,227
208,145
274,300
222,714
213,114
251,514
LT Debt
231,074
258,276
290,817
331,406
403,466
425,406
447,296
432,672
399,382
264,726
333,206
342,486
402,405
403,021
437,958
438,002
409,737
Total Equity
7.61
7.98
8.52
7.85
7.99
8.22
7.78
8.46
9.13
12.45
12.67
12.97
12.4
11.87
12.93
2.14
6.26
Return on Invested Capital (%)
6.96
9.27
7.69
8.11
8.96
9.24
9.63
10.94
9.7
11.77
13.29
13.7
13.44
13.57
14.66
2.46
6.82
Return on Capital (%)
8.37
11.18
9.12
9.47
10.88
11.11
11.05
13.27
12.33
16.42
17.78
21.95
21.91
23.07
25.03
3.89
11.28
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
24,238
- -
24,909
LT Borrowings
253,864
- -
235,324
LT Finance Leases
20,436
- -
16,190
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
576
- -
573
Market Capitalization
2,476,521
2,616,550
3,052,667

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
405,178
- -
383,661
Cash, Cash Equivalents & STI
187,917
- -
166,658
Accounts Receivable, Net
141,870
- -
121,604
Inventories
- -
- -
- -
Total Current Liabilities
214,642
- -
199,835
Payables & Accruals
- -
- -
- -
ST Debt
24,238
- -
24,909
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.55%
5.82%
0.01%
Free Cash Flow
22.41%
14.52%
25.73%
Net Income, GAAP
0.58%
-3.94%
-83.73%
Sales/Revenue/Turnover
6.88%
8.22%
6.52%
Total Cash Common Dividend
9.48%
14.33%
18.62%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
176,709
185,355
187,954
186,537
736,556
2025
- -
- -
- -
- -
764,813
2026
- -
- -
- -
- -
814,708

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
29.15
35
40.65
- -
136.9
2025
- -
- -
- -
- -
163.57
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23.16
-0.05
24.18
- -
47.41
2025
- -
- -
- -
- -
58.12
2026
- -
- -
- -
- -
- -
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Business
Nomura Research Institute, Ltd. (NRI) provides comprehensive research, consulting, and information technology services to the financial, retail, distribution, manufacturing, and government sectors. The company offers management consulting; IT consulting, including system development, maintenance, and operation; system solutions such as cloud-based platforms and digital transformation services; and research activities focused on economic analysis, industry trends, and emerging technologies like AI and cybersecurity. NRI serves enterprise clients across Japan and internationally, with key operations in Asia, Europe, and the Americas. Founded in 1965 and headquartered in Tokyo, Japan, NRI operates as the research arm of Nomura Holdings, Inc., with subsidiaries including Nomura Research Institute America, Inc. and NRI Europe Ltd. to support global expansion. Its core brands encompass NRI Secure Platform for secure IT infrastructure, NRI Cloud Solutions for scalable computing, and specialized financial systems like NOMURA-LINK for securities trading and asset management. In recent developments, NRI announced a strategic partnership with Microsoft in 2024 to accelerate generative AI adoption for Japanese enterprises, enhancing its consulting offerings with Azure-based solutions. The company completed the acquisition of a majority stake in a leading Indian IT firm in early 2025, bolstering its Asia-Pacific presence and system integration capabilities. Additionally, NRI launched its next-generation digital banking platform in late 2024, targeting regional banks amid Japan's fintech evolution.