Nomura Research Institute

4307 · TSE · JPY

¥5,075.00Change from previous close: +1.28%Absolute change: +¥64.00

Close · October 2, 2026

Valuation

Data as of October 3, 2026

Valuation multiples

Market cap
¥2.84T
Enterprise value
¥2.95T
P/E (trailing 12 months)
192.3
Forward P/E
29.1
PEG
0.39
Price/book
7.61
Price/sales
3.43
EV/EBITDA
26.0
EV/revenue
3.55

Profitability and growth

Gross margin
37.1%
Operating margin
19.7%
Net margin
2.2%
ROE
4.6%
ROA
4.2%
Revenue growth (year over year)
7.5%
Earnings growth (year over year)
13.2%

Financial health

Total cash
¥131.78B
Total debt
¥234.94B
Debt/equity
0.62
Current ratio
1.62
Quick ratio
1.07

Dividends

Annual dividend per share
¥84.00
Dividend yield
1.7%
Payout ratio
289.3%
Ex-dividend date
March 30, 2027

Analysts and estimates

Average price target
¥5,974.29
Median price target
¥6,050.00
High price target
¥6,700.00
Low price target
¥5,190.00
Analysts with a price target
14
Consensus
Strong buy
Forward EPS
¥174.65
EPS estimate, current year
¥219.82

Shares and trading

Beta
0.32
Average volume
2.59M
Shares outstanding
560.1M
Float
384.94M
Institutional ownership
41.1%
Insider ownership
27.7%