Financial Performance Highlights - Nomura's net revenue for FY2025/26 1H reached Y1,038.8 billion, an 11% increase year-over-year[13] - Income before income taxes for FY2025/26 1H was Y296.9 billion, up 26% YoY[13] - Net income for FY2025/26 1H increased by 18% YoY to Y196.6 billion[13] - The company's ROE for FY2025/26 1H was 11.3%[13] Segment Performance - Four segment income before income taxes rose to Y132.6 billion, a 25% increase QoQ[11] - Wholesale saw a 43% YoY increase in income before income taxes, reaching Y95.0 billion in FY2025/26 1H[13] - Banking income before income taxes decreased by 21% YoY to Y6.8 billion in FY2025/26 1H[13] Wealth Management - Wealth Management net revenue was Y116.5 billion, a 10% increase QoQ and a 4% increase YoY[26] - Recurring revenue assets in Wealth Management reached a record high[11] - Recurring revenue cost coverage ratio in Wealth Management reached 70%[11] Investment Management - Investment Management assets under management (AuM) reached a record high of Y101.2 trillion[11, 19] - Investment Management net revenue was Y60.8 billion, a 20% increase QoQ and an 8% increase YoY[48]

Financial Performance - Revenue increased to $47.0 million in Q2 2025, a 12% year-over-year increase compared to $41.8 million in Q2 2024 [7] - Non-GAAP expenses increased to $48.2 million in Q2 2025, a 16% year-over-year increase compared to $41.7 million in Q2 2024 [7] - Adjusted EBITDA was negative $1.2 million in Q2 2025, compared to positive $0.1 million in Q2 2024, resulting in a margin of -2% [7] Traffic and Dealer Network - Traffic decreased to 5.5 million average monthly unique visitors in Q2 2025, a 29% year-over-year decrease compared to 7.7 million in Q2 2024 [9] - Total dealer count decreased slightly to 11,177 in Q2 2025, a 3% year-over-year decrease compared to 11,474 in Q2 2024 [9] - Franchise dealer count remained relatively stable at 8,292 in Q2 2025, a 0% year-over-year change compared to 8,274 in Q2 2024 [9] - Independent dealer count decreased to 2,885 in Q2 2025, a 10% year-over-year decrease compared to 3,200 in Q2 2024 [9] Unit Sales - Total units sold remained flat at 89,000 in Q2 2025, a 0% year-over-year change compared to 89,000 in Q2 2024 [9] - Units sold through TrueCar.com decreased by 2% year-over-year [29] - New car units increased by 6% year-over-year, while used car units decreased by 8% year-over-year [31] Revenue Breakdown - Net franchise revenue increased by 1% year-over-year [15] - Net independent revenue decreased by 11% year-over-year [15] - Other dealer product revenue increased by 129% year-over-year [15]