NMR Latest Report

Performance of the Current Financial Report

Based on the provided financial data, Nomura Holdings (NMR) recorded a total operating revenue of USD 501.981 billion as of December 31, 2024, up 25.31% from USD 400.225 billion as of December 31, 2023. This growth reflects a significant improvement in the company's operating revenue, possibly due to increased market demand and successful business expansion.

Key Data from the Financial Report

1. The significant growth in total operating revenue indicates strong performance in the financial services sector, especially in sub-markets such as stock issuance and merger and acquisition consulting services, where demand has increased.

2. Net profit grew by 101% year-on-year to JPY 101.4 billion (approximately USD 6.62 billion), demonstrating an improvement in the company's profitability.

3. Net revenue in the global market segment grew by 39% year-on-year, particularly in the Americas, indicating a recovery in market demand.

4. Despite a decline in profits from the investment management department on a sequential basis, asset management products attracted significant funds, leading to a 21% year-on-year growth in the department's profits.

Peer Comparison

1. Industry-wide analysis: The financial services industry performed well overall in 2024, driven by economic recovery, with many companies reporting growth in operating revenue. According to industry reports, increased market activity in financial markets boosted trading volumes and investment activities, leading to an overall improvement in operating revenue levels.

2. Peer evaluation analysis: Compared to peers, Nomura Holdings' total operating revenue growth rate of 25.31% is outstanding in the same industry. Many competitors' growth rates are in the range of 15%-20%, demonstrating the company's competitiveness and strong business execution capabilities in the market.

Summary

From this analysis, Nomura Holdings achieved significant growth in both operating revenue and net profit in 2024, mainly due to the improvement in market demand and successful business expansion. In particular, the overall positive trend in the financial services industry provided a good external environment for the company.

Opportunities

1. The recovery in market demand and the overall revival of the financial services industry offer more business opportunities.

2. Strong demand for stock issuance and merger and acquisition consulting services will further drive revenue growth.

3. Further market share expansion through acquisition activities may enhance competitiveness in the future.

Risks

1. Fluctuations in profits from the investment management department may affect overall performance and require vigilance.

2. Uncertainty in the market and changes in the macroeconomic environment may impact the company's future performance.

3. If resources cannot be effectively integrated during acquisition and expansion, costs may rise and efficiency may decline.