• Nomura CFO Hiroyuki Moriuchi reported no notable position losses during the FY2026/27 second-quarter earnings Q&A on October 28, 2026.
• October started slowly, but management expects Wholesale’s cost-to-income ratio to decline as it captures revenue from market events.
• Overseas asset management could pursue bolt-on acquisitions using the acquired Macquarie business as a platform; no large-scale investments are currently envisaged.
• Share buybacks will reflect growth investment opportunities; dividend payout guidance remains at least 40%, with a total payout ratio of at least 50%.
• Retail net inflows reached ¥773 billion, driven mainly by medium- to long-term investments in investment trusts and public and corporate bonds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nomura Holdings Inc. published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.