NOMURA Co., Ltd.
9716・Prime Market・Services
Display Business (single segment)
A single-segment company centered on the display business, whose core competency is spatial creation
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (Q1 cumulative) | ¥35,734 million | ¥40,815 million | ↓ |
| Operating profit (Q1 cumulative) | ¥2,492 million | ¥4,530 million | ↓ |
| Operating margin (Q1 cumulative) | 7.0% | 11.1% | ↓ |
| Ordinary profit (Q1 cumulative) | ¥2,571 million | ¥4,593 million | ↓ |
| Quarterly net income attributable to owners of parent (Q1 cumulative) | ¥1,425 million | ¥3,024 million | ↓ |
| Quarterly net income per share | ¥12.78 | ¥27.12 | ↓ |
| Total assets | ¥83,859 million | ¥95,333 million | ↓ |
| Net assets | ¥58,313 million | ¥62,035 million | ↓ |
| Equity ratio | 69.5% | 65.1% | ↑ |
| Order backlog at period-end | ¥87,026 million | ¥66,899 million | ↑ |
| Full-year net sales forecast | ¥168,000 million | ¥162,679 million | ↑ |
| Full-year operating profit forecast | ¥13,400 million | ¥12,818 million | ↑ |
Business Details
The Nomura Kogeisha Group operates a display business spanning eight market fields—specialty stores, department stores, mixed-use commercial facilities, PR and sales promotion, museums, leisure facilities, expositions, and other areas—providing an integrated service that covers research and consulting on creating customer-drawing environments, planning and design, engineering, production and construction, and facility operation and management. The Group covers the entire domestic market and also maintains overseas bases in China, Singapore, and Malaysia. The Group (including seven consolidated subsidiaries) is organized as a single segment.
Recent Overview
Sales and profit declined sharply due to the reversal from Expo-related demand, but the order backlog rose more than 30% year on year
In Q1 of FY2027 (ending February 2027) (March-May 2026), the exposition and event market plunged 92.5% year on year to ¥652 million, reflecting the reversal from large amounts of Expo 2025 Osaka, Kansai-related sales recorded in the same period a year earlier, resulting in net sales of ¥35,734 million (down 12.4% year on year) and operating profit of ¥2,492 million (down 45.0% year on year). Meanwhile, the leisure facility market expanded sharply, up 122.5% year on year to ¥8,066 million, driven by a concentration of hotel and theme park construction projects. Order intake rose to ¥52,565 million (up 35.1% year on year) and the order backlog rose to ¥87,026 million (up 30.1% year on year), both favorable leading indicators, and the full-year earnings forecast (net sales of ¥168,000 million and operating profit of ¥13,400 million) remains unchanged.
Key Products
Growth Drivers
- Increase in large-scale construction projects in the leisure facility market, such as hotels and theme parks (Q1 net sales up 122.5% year on year)
- Expansion of expected future sales recognition backed by an order backlog of ¥87,026 million (up 30.1% year on year)
- Sharp increases in the leisure facility market's order backlog to ¥24,611 million (from ¥15,335 million a year earlier) and the PR and sales promotion market's order intake to ¥7,448 million (from ¥4,142 million a year earlier)
- Resilient market conditions underpinned by steady inbound demand and urban redevelopment projects nationwide
- Promotion of a transformation into a one-and-only corporate group that 'handles every scene of spatial creation' under the medium-term management plan (FY2026-FY2028), with FY2026 as its first year
Risks
- Impact on construction processes and profitability from continued increases in material and labor costs and changes in the procurement environment
- Loss of demand in the exposition and event market following the end of Expo 2025 Osaka, Kansai (Q1 net sales down 92.5% year on year)
- Spillover effects on the domestic economy from geopolitical risks, including conditions in the Middle East and volatility in financial and capital markets
- Rising personnel costs and difficulty securing skilled technical talent due to labor shortages
- Decline in operating margin (from 11.1% in the same period a year earlier to 7.0% in the current quarter) due to changes in the sales mix following the disappearance of Expo-related special demand
Last updated: May 26, 2026