Nomura Research Institute Revises FY26 Forecast Due to Impairment Losses

Nomura Research Institute, Ltd. [4307.T]

TOKYO, Apr 23 (Pulse News Wire) – Nomura Research Institute,ltd. (4307.T) revised its fiscal year 2026 consolidated forecast due to anticipated impairment losses.

The company now expects lower operating profit, pre-tax income, and net profit compared to previous estimates. In the latest revision, the firm projects consolidated revenue of ¥154 billion, down from the earlier estimate of ¥150 billion. Operating profit is expected to drop to ¥58 billion from ¥104 billion previously. Pre-tax income is estimated at ¥59 billion, while net profit attributable to shareholders is projected at ¥17.517 billion, marking significant declines across key metrics. The adjustments stem from reassessments of business plans for subsidiaries NRI Australia Limited and Core BTS, Inc., leading to anticipated impairment losses.

Specifically, NRI Australia Limited faces reduced consulting and managed service orders, while Core BTS, Inc. grapples with declining cloud consulting performance. As a result, the company anticipates substantial impairment charges impacting overall profitability. Additionally, Nomura Research Institute will recognize a loss on equity investments held by its Australian subsidiary, NRI Australia Holdings Pty Ltd, within individual financial statements. However, this loss will be eliminated in the consolidated results, having no impact on the group's consolidated earnings.

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