# Nomura Holdings vs Daiwa Securities Group

> Unit: JPY millions (ratios in %)
> Periods: Nomura Holdings = FY ending Mar 2026, consolidated, US GAAP / Daiwa Securities Group = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T20:36:43.070Z

| Metric | Nomura Holdings | Daiwa Securities Group |
| --- | ---: | ---: |
| Revenue | 4,758,486 | 1,467,983 |
| Operating income | — | 207,333 |
| Net income | 362,129 | 175,281 |
| COGS ratio | — | — |
| Operating margin | — | 14.1% |
| Net margin | 7.6% | 11.9% |
| FCF margin | — | 22.3% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YC5C | S100YCMP |

## Company details

- https://vizora.meequs.com/en/company/nomura-holdings/md
- https://vizora.meequs.com/en/company/daiwa-securities-group/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).