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MARKETS / NYSE / NMR
NYSE · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · LARGE CAP

Nomura America Finance, LLC NMR

19 fiscal years on record · JPY · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
¥1.2T
▲ 12.7% vs FY2024
EPS · FY25
¥118.99
Dividend / sh · FY25
—
Payout · FY25
50%
ROE · FY25
10.1%
Net margin · FY25
30.1%
Dividend coverage
1.0×
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Result
JPY 1.20T
Revenue, FY2025 · full 19-year series below
Revenue Net income
800160024001204.2362.12007201020132016201920222025
800160024001204.2362.12016201920222025

30 cents of every revenue dollar became profit this year.

Per share
JPY 118.99
Diluted EPS, FY2025
EPS Dividend
4080120118.992007201020132016201920222025
4080120118.992016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
10.1%
Return on equity, FY2025
ROE
481210.1%2007201020132016201920222025
481210.1%2016201920222025
Operating margin44.1%
Net margin30.1%
Return on assets0.6%

Each JPY of equity produced 10 cents of profit this year.

Returned to shareholders
JPY 281.2B
returned in FY2025 · dividends + net buybacks
Dividends paidJPY 179.7B
Net buybacksJPY 101.5B
Share of profit77.7%
Consecutive raises—

JPY 179.7B in dividends and JPY 101.5B in buybacks — 78% of the year's profit went back to shareholders.

Growth
+9.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+19.4%
+9.6%
−3.5%
−0.9%
Net income
+57.4%
+18.8%
+10.7%
+18.4%
EPS, diluted
+58.8%
+19.6%
+12.9%
+19.9%
Returned to shareholders
+50.8%
+29.8%
+10.6%
+10.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
2.90B
Shares outstanding, FY2025
1.912.902007201020132016201920222025
3.532.902016201920222025
Change, 5 years−5.3%
Change, 10 years−19.6%

The share count shrank 5% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
JPY 62.65T
total assets, end of FY2025
Total assetsJPY 62.65T
EquityJPY 3.71T
CashJPY 4.30T
Gross debtJPY 17.30T
Net debtJPY 13.00T
DepositsJPY 3.67T

Net debt stands at 351% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · JPY
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue ¥B
1204.2
1068.7
896.5
707.9
790.8
759.9
700.1
694.4
1972.2
1715.5
1723.1
1930.6
1831.8
2079.9
1851.8
1385.5
1356.8
664.5
1593.7
Operating income ¥B
531.5
473.5
284.2
179.7
221.0
219.1
269.6
−30.5
326.3
316.2
185.8
322.1
350.9
200.0
81.2
110.2
95.8
·
·
EBITDA ¥B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax ¥B
165.4
124.7
96.6
57.8
80.1
70.3
28.9
57.0
103.9
80.2
22.6
120.8
145.2
132.0
58.9
61.3
37.2
−70.9
3.3
Net income ¥B
362.1
340.7
165.9
92.8
143.0
153.1
217.0
−100.4
219.3
239.6
131.6
224.8
213.6
107.2
11.6
28.7
67.8
−708.2
−67.8
EPS, diluted ¥
118.99
111.03
52.69
29.74
45.23
48.63
66.20
−29.92
61.88
65.65
35.52
60.03
55.81
28.37
3.14
7.86
21.59
−366.16
−35.57
Dividend / sh ¥
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
8.00
8.00
25.50
·
Payout %
50
33
36
62
49
50
27
−47
32
18
63
25
24
14
251
101
16
−9
−128
ROE %
10.1
10.0
5.1
3.1
5.1
5.7
8.2
−3.7
7.9
8.7
4.9
8.6
8.9
4.9
0.6
1.4
3.7
−46.0
·
Shares out B
2.90
2.96
2.97
3.00
3.02
3.06
3.04
3.31
3.39
3.53
3.61
3.60
3.72
3.71
3.66
3.60
3.67
2.60
1.91

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
29 of 36
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 7 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed