Nomura Research Institute Ltd

4307: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Nomura Research Institute Earnings: Overseas Reset, Domestic Strong; Keeping Fair Value at JPY 6,200

Makoto Naito

Feb 3, 2026

Nomura Research Institute's December-quarter overseas industrial IT business swung to a JPY 2.3 billion operating loss, driven by weak demand at its overseas subsidiaries. It announced a major restructuring of overseas industrial IT for the March quarter. Full-year guidance remains unchanged.

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Nomura Research Institute Ltd

Nomura Research Institute Earnings: Overseas Reset, Domestic Strong; Keeping Fair Value at JPY 6,200

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