Nomura Holdings, Inc.
8604・Prime Market・Securities & Commodity Futures
Governance
As a company with a Nomination Committee, etc., the Board of Directors consists of 12 directors, 8 of whom are outside directors (approximately 67%), and the company has established four committees: Nomination, Audit, Compensation, and Risk. The Chairman of the Board is a non-executive director, ensuring a thorough separation of oversight and execution.
Risk Management
The Company has established a management framework based on three lines of defense (front office, risk management department, internal audit), with a framework in which the CRO and CFO propose risk appetite and the Executive Committee approves it. It comprehensively manages market risk (VaR, stress testing), credit risk (internal ratings, credit limits), operational risk (RCSA, KRI), model risk, and ESG risk.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥51 per share (interim ¥27 + year-end ¥24), with a payout ratio of 41.4%. The total amount decreased year on year due to the lapse of the prior period's ¥10 commemorative dividend, totaling ¥148,859 million. Share buybacks were also conducted, with a dividend on equity (DOE) ratio of 4.2%.
Dividend Policy
The company sets a consolidated dividend payout ratio of 40% or more, based on semi-annual consolidated results, as an important indicator, and targets a total shareholder return ratio of 50% or more, including share buybacks. Dividends are paid in principle twice a year (record dates: September 30 and March 31). For FY2026 (ending March 2026), the annual dividend per share is ¥51 (interim ¥27 + year-end ¥24), with a payout ratio of 41.4% and a total dividend amount of ¥148,859 million. Note that in the prior period (FY2025, ended March 2025), the annual dividend was ¥57, consisting of an ordinary dividend of ¥47 plus a ¥10 commemorative dividend for the company's 100th anniversary. The dividend forecast for FY2027 (ending March 2027) is undecided due to uncertainty in the market environment.
ESG
The company targets net-zero GHG emissions at its own facilities by FY2030 and net-zero across its investment and loan portfolio by FY2050, aiming for cumulative sustainable finance commitment of US$125.0 billion over the five years from April 2021 to March 2026 (cumulative US$96.5 billion as of the end of FY2024). On human capital, the company has set diversity targets including a 30% ratio of female managers (target for FY2031, ending March 2031) and a 2.70% employment rate for persons with disabilities, and is also promoting inclusion and well-being initiatives.
Last updated: June 22, 2026