Following the recognition of an impairment loss of 96.9 billion yen, the consolidated full-year earnings forecast for the fiscal year ending March 2026 has been revised downward to operating income of 58,000 million yen, a 61.3% decrease, and net income attributable to owners of parent of 15,000 million yen, an 85.6% 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-04-23","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/4307-20260423-01.pdf","jir_short_summary":"Following the recognition of an impairment loss of 96.9 billion yen, the consolidated full-year earnings forecast for the fiscal year ending March 2026 has been revised downward to operating income of 58,000 million yen, a 61.3% decrease, and net income attributable to owners of parent of 15,000 million yen, an 85.6% decrease.","jir_summary":"### Revision of Full-Year Earnings Forecast\nNomura Research Institute, Ltd. has revised its consolidated earnings forecast for the fiscal year ending March 2026. Although revenue is projected at 814,000 million yen (an increase of 0.5% from the previous forecast), operating income is expected to decline significantly to 58,000 million yen (a decrease of 61.3%), profit before tax to 59,000 million yen (a decrease of 60.9%), and net income attributable to owners of parent to 15,000 million yen (a decrease of 85.6%) due to the recognition of impairment losses of 96.9 billion yen related to goodwill and other intangible assets. These impairment losses reflect a review of business plans for NRI Australia Limited in Australia and Core BTS, Inc. in North America, with impairment amounts of 76.9 billion yen and 19.9 billion yen respectively.\n\n### Recognition of Equity Securities Valuation Loss in Separate Financial Statements and Future Outlook\nIn the separate financial statements prepared under Japanese GAAP, a valuation loss of 48.8 billion yen on equity securities of the Australian subsidiary NRI Australia Holdings Pty Ltd will be recorded as an extraordinary loss. However, this will be eliminated in the consolidated financial statements and will not affect consolidated earnings. The future earnings outlook is based on reasonable assumptions, but actual results may differ due to changes in domestic and international economic conditions and market demand.","jir_financial_highlights":"Revenue: 814,000 million yen (vs. previous forecast +0.5%)\nOperating Income: 58,000 million yen (vs. previous forecast -61.3%)\nProfit Before Tax: 59,000 million yen (vs. previous forecast -60.9%)\nNet Income Attributable to Owners of Parent: 15,000 million yen (vs. previous forecast -85.6%)\nImpairment Loss on Goodwill, etc.: 96.9 billion yen (Newly Recognized)\nEquity Securities Valuation Loss in Separate Financial Statements: 48.8 billion yen (Newly Recognized)","jir_category":"","jir_hashtags":"#NomuraResearchInstitute, #EarningsForecastRevision, #JapaneseStocks","jir_key_figures":"Revenue: 814,000 million yen (vs. previous forecast +0.5%)\nOperating Income: 58,000 million yen (vs. previous forecast -61.3%)\nImpairment Loss on Goodwill, etc.: 96.9 billion yen (Newly Recognized)","jir_meta_title":"Nomura Research Institute, Ltd. Substantially Revises Down Full-Year Earnings Forecast for Fiscal Year Ending March 2026\uff5cOperating Income Declines to 58,000 Million Yen","jir_meta_description":"Nomura Research Institute, Ltd. has downwardly revised its consolidated earnings forecast for the fiscal year ending March 2026 to an operating income of 58,000 million yen (down 61.3% from previous forecast) following recognition of an impairment loss of 96.9 billion yen on goodwill and other assets.","jir_og_title":"Nomura Research Institute, Ltd. Substantially Revises Down Full-Year Earnings Forecast for Fiscal Year Ending March 2026","jir_og_description":"Operating income decreases to 58,000 million yen due to recognition of 96.9 billion yen impairment loss on goodwill, etc. An equity securities valuation loss of 48.8 billion yen is expected to be recorded in separate financial statements.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_forecast_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Fiscal Year Ending March 2026 Revenue Forecast Comparison\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Previous Forecast\\\",\\\"Revised Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Revenue (million yen)\\\",\\\"data\\\":[810000,814000],\\\"backgroundColor\\\":[\\\"#4e79a7\\\",\\\"#f28e2b\\\"]}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"operating_profit_forecast_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Fiscal Year Ending March 2026 Operating Income Forecast Comparison\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Previous Forecast\\\",\\\"Revised Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income (million yen)\\\",\\\"data\\\":[150000,58000],\\\"backgroundColor\\\":[\\\"#4e79a7\\\",\\\"#e15759\\\"]}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"net_income_forecast_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Fiscal Year Ending March 2026 Net Income Attributable to Owners of Parent Forecast Comparison\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Previous Forecast\\\",\\\"Revised Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Income (million yen)\\\",\\\"data\\\":[104000,15000],\\\"backgroundColor\\\":[\\\"#4e79a7\\\",\\\"#e15759\\\"]}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}]","ir_related_company":6891,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-41921","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n