Nomura Research InstituteNomura Research Institute,Ltd.4307東証プライム情報・通信業FY ending Mar 2025, consolidated, IFRS

Nomura Research Institute FY ending Mar 2025 results

About 48% of Nomura Research Institute's sales come from Financial IT Solutions, with Industrial IT Solutions and IT Platform Services making up much of the rest.

Out of every ¥100 of sales, about ¥17 is left as operating profit.

Revenue changed +3.8% from the prior year, operating profit +12.0%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +3.8% · profit +12.0%, calculated from disclosed figures.

Operating leverage: 3.14× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2024 → FY ending Mar 2025

Revenue: +3.8%¥736.6B → ¥764.8B
Gross profit: +5.5%¥261B → ¥275.3B
Operating income: +12.0%¥120.4B → ¥134.9B
Net income attributable to owners: +17.7%¥79.6B → ¥93.8B
Operating cash flow: -8.5%¥142.3B → ¥130.2B
Free cash flow: -12.9%¥92.5B → ¥80.6B

Results at a glance

Revenue for the FY ending Mar 2025 was ¥764.8B, up +3.8% from ¥736.6B.
Operating income rose +12.0% to ¥134.9B and net income +17.7% to ¥93.8B, so profits outpaced sales.
Cash generation went the other way: operating cash flow fell -8.5% to ¥130.2B and free cash flow fell -12.9% to ¥80.6B.

What drove the change

Busy domestic project demand, led by Financial IT Solutions and Consulting
Strong markets lifted operation fees from shared platforms, improving margins
Operating cash flow dropped mainly because income tax payments increased

Things to watch

A data leak could lead to damage claims and loss of trust
Projects that need more work than estimated, or run late, can lose money
NRI relies heavily on outside partner firms; losing good partners could disrupt its work

Annual securities report (60th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report (61st term) / 事業等のリスク

Where the money goes

FY ending Mar 2024 → FY ending Mar 2025

Where ¥100 of sales goes

For every ¥100 Nomura Research Institute sells, how much goes where, and how much is kept.

FY ending Mar 2025

Cost of sales: ¥64
SG&A: ¥19
Operating profit: ¥17
Net profit kept: ¥12

Annual margin trends

Gross margin36.0%

Operating margin17.6%

Net margin12.3%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2025

Financial IT Solutions¥366.6B
48%
Op. margin 16.8%Industry: IT Services & System Integration
Industrial IT Solutions¥267.5B
35%
Op. margin 9.1%Industry: IT Services & System Integration
IT Platform Services¥67B
9%
Op. margin 45.3%Industry: IT Services & System Integration
Consulting¥60.3B
8%
Op. margin 30.5%Industry: Consulting

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第61期(2025/04/01－2026/03/31)
ID S100YBM82026-06-15Open
EDINET (FSA Japan)
有価証券報告書－第60期(2024/04/01－2025/03/31)
ID S100VZKL2025-06-18Open
EDINET (FSA Japan)
有価証券報告書－第59期(2023/04/01－2024/03/31)
ID S100TQUZ2024-06-24Open
EDINET (FSA Japan)
有価証券報告書－第58期(2022/04/01－2023/03/31)
ID S100R4IT2023-06-26Open
EDINET (FSA Japan)
有価証券報告書－第57期(令和3年4月1日－令和4年3月31日)
ID S100OBJK2022-06-21Open
EDINET (FSA Japan)
有価証券報告書－第56期(令和2年4月1日－令和3年3月31日)
ID S100LM5W2021-06-22Open

Extracted from XBRL: 45 / Derived from other figures: 1

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