Nomura Research Institute, Ltd.

Nomura Research Institute, Ltd.

NRILY
Nomura Research Institute, Ltd.US flagOther OTC
30.19
USD
-1.07
- -
17.34BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
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
Dividend per Share
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
Book Value per Share
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
Tangible Book Value per Share
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
Basic Weighted Avg Shares
715
721
726
746
744
725
706
634
598
593
592
582
573
576
Sales/Revenue/Turnover
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
374,491
Operating Margin (%)
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
16.3
Depreciation Expense
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
24,405
Net Income, GAAP
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
41,981
Effective Tax Rate (%)
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
29.17
Profit Margin (%)
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
11.21
Working Capital
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
183,826
LT Debt
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
251,514
Total Equity
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
409,737
Return on Invested Capital (%)
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
6.26
Return on Capital (%)
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
6.82
Return on Common Equity (%)
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
11.28

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
2,493,623
2,634,769
3,069,879

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
2.09%
11%
8.67%
Free Cash Flow
22.9%
2.38%
-12.85%
Net Income, GAAP
9.92%
10.98%
17.73%
Sales/Revenue/Turnover
6.6%
7.73%
3.84%
Total Cash Common Dividend
11.17%
11.54%
20.77%

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
- -
- -
- -
- -
- -

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
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Kaga Yanagisawa
Full Time Employees
16,708
Sector
Technology
Industry
Information Technology Services
Address
Otemachi Financial City Grand Cube Tokyo Japan 100-0004
IPO Date
Oct 15, 2010
Website
nri.com
Business
Nomura Research Institute, Ltd. (NRI) operates as Japan's largest economic research and consulting firm and a leading provider of systems integration services as a member of the Nomura Group. Founded in 1965 and headquartered at Otemachi Financial City Grand Cube in Tokyo, Japan, the company offers consulting services including management, organizational reform, and IT management solutions; financial IT solutions encompassing system development, management, shared online services, and BPO for securities, banking, insurance, and asset management institutions such as BESTWAY for investment trusts, STAR-IV for retail securities, and T-STAR for investment trust companies; industrial IT solutions for sectors including retail, manufacturing, healthcare, transportation, consumer goods, and public services with capabilities in digital transformation, AI utilization, cloud managed services, security, and GRC; and IT platform services like AIRSERVICES for IaaS, analytics, and desktop solutions. NRI maintains global operations through subsidiaries and offices in over 20 locations including the United States (New York, Dallas), Europe (London), Asia (Beijing, Shanghai, Hong Kong, Seoul, Singapore, Taipei, Bangkok, Jakarta, India), and Australia, serving financial institutions, corporations, and government agencies with approximately 16,679 group employees as of March 2025 and consolidated sales of 764.8 billion yen for fiscal 2024. Recent developments include the May 2025 acquisition of Core BTS, Inc., a U.S.-based IT consulting and managed services provider, to bolster digital transformation capabilities in North America; earlier acquisitions such as Cutter Associates in 2016, Planit Test Management Solutions, Australian Investment Exchange Limited, and Nippon Securities Technology Co., Ltd.; and the establishment of new entities like Nomura Research Institute Financial Technologies India Pvt. Ltd., Nomura Research Institute Thailand, and NRI digital, Ltd., alongside ongoing investments in AI, cybersecurity, and cloud infrastructure.

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