Nomura Research Institute：野村综合研究所（4307.T）：基于以日本为中心的稳定增长和防御性收益上调目标价，但估值吸引力有限；维持中性评级-20250530
Goldman Sachs·2025-05-30 02:30
Raise TP on steady growth centered on Japan and defensive earnings, but limited valuation appeal; stay Neutral | 4307.T | | --- | | 12m Price Target: ¥5,800 | | Price: ¥5,891 | | Downside: 1.5% | We update our earnings estimates based on Nomura Research Institute's (NRI) FY3/25 and 4Q (January-March) results (see our report on 4Q results). We lower our FY3/26 and FY3/27 operating profit estimates by 1% each, mainly on industrial IT solutions, reflecting the impact of a possible deterioration in business sen ...