Nomura's profit surges on trading boom and digital-asset expansion
Wholesale revenue running 30% higher Nomura said wholesale revenue is up over 30% year-on-year, led by equity products, as Tokyo Stock Exchange cash-equity turnover jumped 68% in 2026. That raises the odds Nomura beats the roughly flat 2.2 trillion yen revenue consensus, lifting the shares.
This is the first signal of a strong quarter and directly drives earnings expectations.
Record recurring revenue and 15.4% ROE in Q1 Nomura reported record recurring revenue of 59.2 billion yen and a 15.4% return on equity. Wealth management net revenue rose 9% to 145.4 billion yen, with record net inflows into recurring-revenue assets. Global markets revenue jumped 26%, led by a 41% surge in equities. This shows broad-based profit strength.
It confirms the strong quarter with record recurring revenue and high ROE, a key driver of the stock.
April–June net profit up 39% to 145.5 billion yen Nomura's net profit for the April–June quarter rose 39% year-on-year to 145.5 billion yen, beating expectations. All five major Japanese brokerages posted sharp profit gains, helped by rising interest rates, higher stock prices, and strong sales of investment products. This confirms a sector-wide upcycle.
The earnings beat is the headline number that directly moves the stock and validates the positive trend.
Digital-asset push: US trust charter and ZIG partnership Nomura's Laser Digital won conditional OCC approval for a US national trust bank charter, enabling institutional crypto custody. It also invested in crypto asset ZIG and will co-develop on-chain financial products for institutions. These moves expand future revenue but are early-stage and may take time to pay off.
It shows a new growth avenue in digital assets, though with longer-term impact.