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北京时间·🕒 发布 17:40:07时区推断·⟳ 抓取 17:44:09·⚡ 决策 07-29 17:45:18 +1m09s·90.4 天前
野村控股公布一季度利润同比增长、资管规模创纪录
野村控股一季度收入6867亿日元、税前利润2115亿日元、净利润1456亿日元，均同比约三成以上增长，事件本身偏正面。
📄 原文Seeking Alpha↗ 原文
Nomura reports strong Q1 on record Wholesale, Investment Management results
- Nomura Holdings press release (NMR): Q1 EPS: ¥48.34 - Revenue: ¥686.7B (+31% Y/Y) - Pretax income: ¥211.5B (+32% Y/Y)…
不做 野村控股（8604.JP）
排期财报虽同比强劲，但缺少明确consensus surprise；日本本地市场已收盘，下一交易日容易直接重定价或见光死，当前不做。
不做 野村控股ADR（NMR.US）
ADR只是同一日本主体的从属交易载体，财报正面但未证明相对预期差，且盘前流动性和执行edge不足，不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- 公司提前公告将于2026-07-29 15:30 JST发布截至2026年6月的一季度经营业绩，说明披露日期本身早已被市场知道。
- 公司IR日历显示2026/27财年一季度业绩在7月29日15:30 JST发布，电话会安排在18:30 JST。市场反应:日本本地连续交易已结束，主要反应需等下一交易日。
- Seeking Alpha转发业绩要点：EPS 48.34日元、收入6867亿日元、税前利润2115亿日元、净利润1456亿日元、ROE 15.4%。市场反应:美股常规盘前时段尚未开盘，ADR流动性和定价参考性弱。
关键理由
- 野村控股一季度收入6867亿日元、税前利润2115亿日元、净利润1456亿日元，均同比约三成以上增长，事件本身偏正面。
- 但这是公司早已排期的财报披露，缺少相对一致预期的明确超预期幅度，难以确认短线正向预期差。
- 核心可交易主体是日本大盘券商/投行本体，财报后日本本地市场已收盘，美股ADR只是从属交易载体，缺少足够明确的跨市场独立edge。
主要风险
- 财报电话会尚未完整消化，若批发业务高点不可持续或费用/资本回报指引不及预期，正面反应可能被削弱。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-07-29 · 影响 weakens
公开快讯只给出同比增长和管理层表述，未能确认相对一致预期的正向surprise；排期财报追多edge不足。
检索:Nomura Holdings Q1 FY2026/27 earnings consensus surprise July 2026 原文 ↗
原文全文
展开原文 · 849 字
- Nomura Holdings press release (NMR): Q1 EPS: ¥48.34
- Revenue: ¥686.7B (+31% Y/Y)
- Pretax income: ¥211.5B (+32% Y/Y)
- Net income: ¥145.6B (+39% Y/Y)
- ROE: 15.4%
- Assets under management: ¥156T (record)
- “Our fiscal year is off to a very strong start. In the first quarter, ROE was 15.4 percent and pretax income from our four business divisions was 213.0 billion yen. This represents solid progress toward our new 2030 targets of ROE of 10 to 12 percent or more and annual pretax income of at least 750 billion yen,” said Kentaro Okuda, Nomura President and Group CEO.
- Wealth Management posted record recurring revenue, recurring revenue assets and net inflows, while Investment Management delivered a record quarter with assets under management reaching an all-time high of ¥156T. The recurring revenue cost coverage ratio improved to 76%.
- Revenue: ¥686.7B (+31% Y/Y)
- Pretax income: ¥211.5B (+32% Y/Y)
- Net income: ¥145.6B (+39% Y/Y)
- ROE: 15.4%
- Assets under management: ¥156T (record)
- “Our fiscal year is off to a very strong start. In the first quarter, ROE was 15.4 percent and pretax income from our four business divisions was 213.0 billion yen. This represents solid progress toward our new 2030 targets of ROE of 10 to 12 percent or more and annual pretax income of at least 750 billion yen,” said Kentaro Okuda, Nomura President and Group CEO.
- Wealth Management posted record recurring revenue, recurring revenue assets and net inflows, while Investment Management delivered a record quarter with assets under management reaching an all-time high of ¥156T. The recurring revenue cost coverage ratio improved to 76%.
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