TSE:9716Professional Services
Nomura (TSE:9716) Margin Surge Challenges Optimism as Guidance Signals Three-Year Profit Decline
Nomura (TSE:9716) posted a sharp improvement in net profit margins to 6%, up from 2.3% last year, while delivering a massive 241.4% jump in earnings over the same period. The company has averaged 18.4% annual earnings growth over the past five years. However, management now expects revenue and earnings to decline by 1.3% and 3.7% per year, respectively, for the next three years. With a Price-To-Earnings ratio of 11.1x, which is well below industry and peer averages, and a share price...