Nomura Research Institute Ltd
XMUN:NR7

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Nomura Research Institute Ltd
XMUN:NR7
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Price: 29 EUR 5.84%
Market Cap: €16.8B

Nomura Research Institute Ltd
Investor Relations

Nomura Research Institute, or NRI, is a Japanese technology and consulting company that helps large organizations design, build, and run the software and systems they use every day. It works on business consulting, custom system development, IT infrastructure, and outsourced operations, with especially deep ties to banks, insurers, securities firms, and government-related clients. The company makes money by charging for consulting work, software and system projects, and long-term service contracts that keep customer systems running. It also sells packaged IT services and data-processing tools that support financial institutions and other enterprise customers. What makes NRI different is its role as both an adviser and an operator: it helps clients plan their systems, then often stays involved to build, host, and maintain them. That gives it a sticky business with recurring relationships, especially in industries where reliability, security, and compliance matter more than flashy technology.

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Last Earnings Call
Fiscal Period
Q1 2018
Call Date
Jul 27, 2017
AI Summary
Q1 2018

Revenue: Total net revenue was JPY 360.8 billion, up 3% quarter-on-quarter, as activity improved later in the quarter after a slow start tied to geopolitical uncertainty.

Profitability: Group income before income taxes was JPY 77.4 billion and net income was JPY 56.9 billion, while annualized ROE came in at 8.1%.

Retail: Retail was roughly flat overall, but sales of investment trusts and foreign bonds improved, helped by stronger client sentiment and demand for higher-coupon products.

Asset Management: Asset management set another record with assets under management at JPY 46.1 trillion, boosting fees and helping pretax income rise sharply.

Wholesale: Wholesale benefited from better client activity and risk management, but expenses were elevated because of bonus revisions and deferred compensation, weighing on pretax income.

Capital: The firm kept a strong balance sheet, with a Tier 1 ratio of 19.1% and common equity Tier 1 ratio of 18.1%.

Outlook: Management said July started with softer wholesale momentum and continued caution around market volatility, but retail and asset management remained solid and the company stayed focused on costs and risk.

Key Financials
Total net revenue
JPY 360.8 billion
Income before income taxes
JPY 63.8 billion
Group income before income taxes
JPY 77.4 billion
Net income
JPY 56.9 billion
Annualized ROE
8.1%
EPS
JPY 15.77
Retail net revenue
JPY 101.7 billion
Retail income before income taxes
JPY 24.9 billion
Discretionary investment assets under management
over JPY 2.5 trillion
Annualized recurring revenue
JPY 80.9 billion
Expense coverage ratio
26%
Asset management net revenue
JPY 28.1 billion
Asset management income before income taxes
JPY 13.6 billion
Assets under management
JPY 46.1 trillion
Quarterly inflows
JPY 230 billion
Investment trust inflows
JPY 316 billion
Investment trust market share
over 26%
Wholesale net revenue
JPY 179.3 billion
Wholesale expenses
JPY 154 billion
Wholesale income before income taxes
JPY 25.4 billion
Global markets net revenue
JPY 154.2 billion
Fixed income revenue
JPY 95.7 million
Equities net revenue
JPY 58.5 billion
Investment banking net revenue
JPY 25.1 billion
Gross revenue
JPY 45.4 billion
Noninterest expenses
JPY 283.4 billion
Tier 1 ratio
19.1%
Common equity Tier 1 ratio
18.1%
Common equity Tier 1 ratio, fully loaded 2019 Basel III
17.8%
Headcount increase outside Japan
about 50 people
Maximum probable loss
JPY 47 billion
Other Earnings Calls
2018

Management

Mr. Hidenori Anzai
Senior Executive MD, Head of Corporate Headquarters & Representative Director
No Bio Available
Mr. Ken Ebato
Senior Executive VP, Head of Financial IT Solutions & Representative Director
No Bio Available
Kaga Yanagisawa
President, CEO & Director
No Bio Available
Mr. Yoshihiko Sunaga
Senior Corporate MD & Head of Finance
No Bio Available
Mr. Kuniaki Fujioka
Investor Relations Department Executive
No Bio Available
Fumihiko Sagano
Senior Executive Managing Director & Director
No Bio Available
Yuichi Higo
Senior Corporate Managing Director
No Bio Available
Katsutoshi Murakami
Senior Managing Director
No Bio Available

Contacts

Address
TOKYO-TO
Chiyoda-ku
Otemachi Financial City Grand Cube, 1-9-2, Ote-machi
Contacts
+81355332111
www.nri.com