N 
Nomura Research Institute 4307.T · JPY
Information Technology · IT Services · Tokyo Stock Exchange · 🇯🇵 Japan
6,056
+4.36%
Close of 9 Nov 2026, in JPY
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in JPY, from our data supplier.
Revenue
¥814.71bn
FY2017FY2026
Net income
¥15.26bn
FY2017FY2026
Free cash flow
¥141.80bn
FY2017FY2026
Shareholders' equity
¥433.90bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥814.71bn | ¥764.81bn | ¥736.56bn | ¥692.16bn | ¥611.63bn | ¥550.34bn | ¥528.87bn | ¥501.24bn | ¥471.49bn | ¥424.55bn |
| Gross profit | ¥300.15bn | ¥275.30bn | ¥261.01bn | ¥239.83bn | ¥216.07bn | ¥185.80bn | ¥180.87bn | ¥164.74bn | ¥159.62bn | ¥143.79bn |
| Research and development | ¥5.41bn | ¥6.11bn | ¥5.30bn | ¥4.91bn | ¥4.99bn | ¥4.47bn | ¥4.31bn | ¥3.67bn | ¥5.17bn | ¥5.67bn |
| Operating income | ¥154.51bn | ¥131.97bn | ¥118.65bn | ¥109.58bn | ¥102.66bn | ¥87.43bn | ¥83.18bn | ¥71.44bn | ¥65.14bn | ¥58.51bn |
| Net income | ¥15.26bn | ¥93.76bn | ¥79.64bn | ¥76.31bn | ¥71.44bn | ¥52.87bn | ¥69.28bn | ¥50.93bn | ¥55.15bn | ¥45.06bn |
| Diluted earnings per share | 26.85 | 163.52 | 139.33 | 132.33 | 120.54 | 89.61 | 115.39 | 85.14 | 79.28 | 62.85 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥959.79bn | ¥928.50bn | ¥922.77bn | ¥838.22bn | ¥789.65bn | ¥656.54bn | ¥528.14bn | ¥612.19bn | ¥643.12bn | ¥628.94bn |
| Cash and short-term investments | ¥132.62bn | ¥168.60bn | ¥173.94bn | ¥129.26bn | ¥115.61bn | ¥153.19bn | ¥104.84bn | ¥126.89bn | ¥160.76bn | ¥167.73bn |
| Total liabilities | ¥521.79bn | ¥490.54bn | ¥519.75bn | ¥435.81bn | ¥447.17bn | ¥323.33bn | ¥246.00bn | ¥187.16bn | ¥210.44bn | ¥181.64bn |
| Debt | — | ¥271.02bn | ¥298.54bn | ¥237.74bn | ¥250.42bn | ¥165.59bn | ¥149.76bn | ¥60.31bn | ¥81.42bn | ¥58.13bn |
| Shareholders' equity | ¥433.90bn | ¥434.04bn | ¥399.53bn | ¥399.01bn | ¥339.36bn | ¥330.50bn | ¥267.00bn | ¥411.96bn | ¥420.49bn | ¥435.65bn |
| Shares outstanding | 568m | 573m | 572m | 577m | 593m | 590m | 600m | 598m | 696m | 717m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥147.64bn | ¥130.20bn | ¥142.28bn | ¥118.90bn | ¥98.14bn | ¥84.59bn | ¥102.79bn | ¥56.35bn | ¥73.49bn | ¥62.47bn |
| Capital spending | −¥5.84bn | −¥6.66bn | −¥7.48bn | −¥54.70bn | −¥42.98bn | −¥29.03bn | −¥27.40bn | −¥5.53bn | −¥16.93bn | −¥13.53bn |
| Free cash flow | ¥141.80bn | ¥123.54bn | ¥134.79bn | ¥64.20bn | ¥55.16bn | ¥55.56bn | ¥75.39bn | ¥50.82bn | ¥56.56bn | ¥48.94bn |
| Dividends paid | −¥39.52bn | −¥33.31bn | −¥27.58bn | −¥25.37bn | −¥22.65bn | −¥20.31bn | −¥19.60bn | −¥21.37bn | −¥20.82bn | −¥18.27bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥210.46bn | ¥212.38bn | ¥205.27bn | ¥201.29bn | ¥195.77bn | ¥196.57bn | ¥191.47bn | ¥188.67bn |
| Gross profit | ¥78.71bn | ¥76.08bn | ¥76.05bn | ¥76.45bn | ¥71.57bn | ¥69.71bn | ¥70.86bn | ¥67.06bn |
| Operating income | ¥41.04bn | ¥36.93bn | ¥39.41bn | ¥41.47bn | ¥37.25bn | ¥28.87bn | ¥36.72bn | ¥30.53bn |
| Net income | ¥29.21bn | −¥67.94bn | ¥29.64bn | ¥27.57bn | ¥26.00bn | ¥21.97bn | ¥26.14bn | ¥23.49bn |
| Diluted earnings per share | 51.42 | -119.59 | 51.69 | 48.07 | 45.34 | 38.31 | 45.73 | 41.09 |
| Cash from operations | ¥61.70bn | ¥39.10bn | ¥34.87bn | ¥24.53bn | ¥49.14bn | ¥34.88bn | ¥36.66bn | ¥26.57bn |
| Capital spending | −¥3.55bn | −¥2.42bn | −¥1.15bn | −¥1.16bn | −¥1.11bn | −¥2.09bn | −¥1.02bn | −¥1.25bn |
| Free cash flow | ¥58.15bn | ¥36.68bn | ¥33.72bn | ¥23.37bn | ¥48.03bn | ¥32.79bn | ¥35.64bn | ¥25.32bn |
| Total assets | ¥906.39bn | ¥959.79bn | ¥948.54bn | ¥994.51bn | ¥926.20bn | ¥928.50bn | ¥885.43bn | ¥892.98bn |
| Cash and short-term investments | ¥235.21bn | ¥132.62bn | ¥108.66bn | ¥152.85bn | ¥176.28bn | ¥168.60bn | ¥143.99bn | ¥147.26bn |
| Debt | ¥21.67bn | ¥215.26bn | ¥22.60bn | ¥242.70bn | ¥44.68bn | ¥256.96bn | ¥51.17bn | ¥260.23bn |
| Shareholders' equity | ¥373.43bn | ¥433.90bn | ¥501.66bn | ¥477.38bn | ¥443.60bn | ¥434.04bn | ¥422.89bn | ¥406.19bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.6% | 8.2% | 6.8% |
| Operating income | 12.1% | 12.1% | 10.2% |
| Net income | -41.5% | -22.0% | -9.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 36.4% | 35.8% | 35.4% | 34.7% |
| Operating margin | 18.1% | 17.1% | 16.9% | 16.0% |
| Net margin | 6.9% | 8.8% | 9.3% | 10.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 226.8 | 36.8 | 33.4 | 31.0 | 25.8 | 55.1 | 32.0 | 27.5 | 5.7 | 9.3 |
| Price to sales | 4.3 | 4.5 | 3.6 | 3.4 | 3.0 | 5.3 | 4.2 | 2.8 | 0.7 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 26 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 42.00 | 108.00 | 58.00 | 47.00 | 43.00 | 38.00 | 34.00 | 30.00 |
- 3-for-1 split · 26 Jun 2019
- 1.1-for-1 split · 28 Dec 2016
- 1.1-for-1 split · 28 Sept 2015
- 5-for-1 split · 27 Mar 2007
- 1-to-1 reverse split · 1 Apr 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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