Nomura Research Institute, Ltd. Revises Earnings Forecast — Operating Profit Falls 61.3%
Nomura Research Institute, Ltd. (TSE:4307) has revised its earnings forecast for the fiscal year ending March 2026, citing significant impairment losses from its Australian and U.S. subsidiaries.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 810.0bn | JPY 814.0bn | +0.5% |
| Operating Profit | JPY 150.0bn | JPY 58.0bn | -61.3% |
| Pre-tax Profit | JPY 151.0bn | JPY 59.0bn | -60.9% |
| Net Profit attributable to parent company | JPY 104.0bn | JPY 15.0bn | -85.6% |
| EPS | JPY 18145.00/share | JPY 2617.00/share | JPY -15528.00/share |
The revision follows impairment charges of JPY 769bn from NRI Australia Limited and JPY 199bn from Core BTS, Inc., both linked to underperformance in their consulting and managed services divisions. These charges stem from revised business plans and declining revenue in those regions.
The company attributed the sharp drop in operating profit and net profit to the impairment losses, which significantly reduced its consolidated financial outlook. The revised forecast highlights the impact of underperforming overseas operations on Nomura Research Institute’s overall profitability.
Investors should closely monitor the long-term effects of these impairment charges on the company’s financial health and stock valuation. The revision underscores the risks associated with international business expansion and the potential for significant earnings volatility in the absence of strong performance from key subsidiaries.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.