Analyst from Bloomberg Intelligence's questions to Nomura Holdings Inc (NMR) leadership • Q4 2025
Question
An analyst from Bloomberg Intelligence asked if the strong performance in Wealth Management's net inflows of recurring revenue assets represents a new, higher sustainable level. They also questioned if the proceeds from the Takanawa Training Center sale, not included in the current buyback, might be allocated to future shareholder returns.
Answer
CFO Takumi Kitamura highlighted the robustness of net inflows in the core WM and PWM segments, even during market downturns, suggesting a strong underlying trend. He confirmed that the proceeds from the Takanawa sale are recognized in Q1 and were not a factor in the shareholder return decision for the fiscal year that just ended, leaving the door open for their future use.