NOMURA Co., Ltd. (株式会社乃村工藝社), Japan’s leading provider of display solutions for exhibition and commercial facilities, reported a strong full-year performance for the fiscal year ending February 2026, driven by industry-wide recovery and improved operational efficiency. The company’s revenue rose 8.3% year-over-year to JPY 162.7bn, while operating profit surged 44.1% to JPY 12.8bn, reflecting a significant improvement in profitability.
Key Numbers
| Metric | FY2026 (JPY bn) | YoY Change |
|---|---|---|
| Revenue | 162.7 | +8.3% |
| Operating Profit | 12.8 | +44.1% |
| Ordinary Income | 13.0 | +43.7% |
| Net Profit | 9.13 | +35.2% |
| Operating Margin | 7.9% | — |
| Equity Ratio | 65.1% | — |
Business Overview NOMURA Co., Ltd. is the largest provider of display solutions for exhibitions and commercial facilities in Japan, offering end-to-end services from planning, design, construction, and operation. The company is well-positioned to benefit from the recovery in the display industry, driven by factors such as the Osaka-Kansai World Expo and urban redevelopment projects.
Analysis The company’s strong performance reflects a broader recovery in the display sector, supported by increased demand from commercial facilities and the expansion of high-end retail stores targeting affluent customers. The operating margin of 7.9% outperformed the industry average of 6.0%, highlighting NOMURA’s superior cost management and pricing power. This margin expansion is a key differentiator, enabling the company to maintain profitability even amid rising material and labor costs.
The company’s equity ratio increased to 65.1%, up from 53.0% in the previous fiscal year, indicating a stronger financial structure and reduced reliance on debt financing. This improvement in solvency is a positive sign for long-term stability and resilience against economic headwinds.
Next Year Guidance Management has provided conservative guidance for the upcoming fiscal year, reflecting ongoing uncertainties in the market environment and potential inflationary pressures. The guidance is as follows:
| Metric | FY2027 (JPY bn) | YoY Change vs. FY2026 |
|---|---|---|
| Revenue | 168.0 | +3.3% |
| Operating Profit | 13.4 | +4.5% |
| Ordinary Income | 13.6 | +4.5% |
| Net Profit | 9.25 | +1.3% |
Revenue target: JPY 168.0bn (+3.3% YoY) — conservative compared to current performance; the operating profit target implies modest margin expansion, aligning with management’s outlook.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Financial figures are AI-extracted and may contain errors — always verify against the original filing.