Updated recognition and initiatives regarding management mindful of cost of capital and share price. Reconfirms market trends, ROE, PBR and capital policy stance, and explains the framework for shareholder returns and investment allocation under the 2026\u20132028 medium-term management plan.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9716","jir_company_name":"NOMURA Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-08","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/9716-20261008-03.pdf","jir_short_summary":"Updated recognition and initiatives regarding management mindful of cost of capital and share price. Reconfirms market trends, ROE, PBR and capital policy stance, and explains the framework for shareholder returns and investment allocation under the 2026\u20132028 medium-term management plan.","jir_summary":"### Current Recognition and Market Environment\nThe document outlines the current recognition of share price, cost of capital and ROE, and estimates the company's cost of equity at 5\u20138%. It points out divergence from TOPIX and Nikkei Average, and states a policy to aim for ROE to exceed the cost of capital.\n\n### Framework for Capital Policy and Shareholder Returns\nUnder the 2026\u20132028 medium-term management plan, the shareholder return policy adopts the higher of DOE 7.0% or a dividend payout ratio of 50% or more. The framework for capital allocation is specified, including the dividend policy for fiscal 2026 and implementation of interim dividend. A policy to maintain a balance between growth investment and shareholder returns is presented.","jir_financial_highlights":"ROE: Unknown (Unknown)\nCost of Equity: 5\uff5e8\uff05 (Maintained)\nPBR: 2.4x (as of fiscal half-year end) (Relatively decreased\/maintained year-over-year)","jir_category":"","jir_hashtags":"#NomuraKogeiIR, #CostOfCapital, #ShareholderReturns, #DisclosureUpdate","jir_key_figures":"Cost of capital: 5\uff5e8\uff05\nPBR: 2.4x (as of the fiscal 2026 interim period end)\nDividend policy: Higher of DOE 7.0% or dividend payout ratio 50% or more; assumed dividend for fiscal 2026: 44 yen (interim 22 yen \u00b7 year-end 22 yen)","jir_meta_title":"NOMURA Co., Ltd. \u2013 Update on Cost of Capital and Share Price-Aware Management\uff5c2026-10","jir_meta_description":"Update on NOMURA Co., Ltd.'s recognition of cost of capital and share price-aware management, and its capital policy and shareholder return framework under the medium-term plan. Summarizes current ROE, PBR and DOE status and future policy.","jir_og_title":"NOMURA Co., Ltd. Update on Cost of Capital\uff5c2026-10","jir_og_description":"Explains the update on recognition of cost of capital and share price and the capital policy aligned with the medium-term plan. Highlights shareholder return policy and dividend plan.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9206,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-128539","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n