Announcement • Apr 24
Nomura Research Institute, Ltd., Annual General Meeting, Jun 19, 2026 Nomura Research Institute, Ltd., Annual General Meeting, Jun 19, 2026. Announcement • Apr 21
Nomura Research Institute Appoints Steven Rivera as Chief Revenue Officer for North America Nomura Research Institute announced that Steven Rivera has been appointed Chief Revenue Officer (CRO) for North America. In this role, Rivera will oversee revenue-related functions across the region, including sales, marketing, demand generation, strategic partnerships, and client engagement. Rivera brings more than 26 years of experience to the role, having held sales and marketing leadership positions within the cybersecurity, managed services, and consulting sectors. Over the course of his career, he has led the development of integrated go-to-market strategies and supported organizations in strengthening client relationships and operational alignment. Prior to joining NRI, Rivera served as Chief Revenue Officer at Logically, where he was responsible for coordinating revenue functions across sales, marketing, client support, and pricing. His work focused on improving organizational alignment and supporting consistent business performance. Rivera's areas of expertise include enterprise sales leadership, revenue operations, cloud and cybersecurity solutions, and financial planning. He also brings experience in security consulting, risk analysis, program management, and governance, risk & compliance (GRC). Announcement • Mar 02
Nomura Research Institute, Ltd. to Report Fiscal Year 2026 Results on Apr 24, 2026 Nomura Research Institute, Ltd. announced that they will report fiscal year 2026 results at 9:00 AM, Tokyo Standard Time on Apr 24, 2026 Announcement • Jan 29
Nomura Research Institute, Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending 31 March 2026 Nomura Research Institute, Ltd. provided consolidated earnings guidance for the fiscal year ending 31 March 2026. For the year, the company expects revenue of JPY 810,000 million, Operating profit of JPY 150,000 million, Profit attributable to owners of parent of JPY 104,000 million and Basic earnings per share of JPY 181.51 per share. Announcement • Apr 24
Nomura Research Institute, Ltd., Annual General Meeting, Jun 20, 2025 Nomura Research Institute, Ltd., Annual General Meeting, Jun 20, 2025. Announcement • Mar 02
Nomura Research Institute, Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2025 Nomura Research Institute, Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥40.94 (vs JP¥35.00 in 2Q 2024) Second quarter 2025 results: EPS: JP¥40.94 (up from JP¥35.00 in 2Q 2024). Revenue: JP¥188.7b (up 1.8% from 2Q 2024). Net income: JP¥23.5b (up 15% from 2Q 2024). Profit margin: 12% (up from 11% in 2Q 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.0%). Declared Dividend • Jul 11
Final dividend of JP¥29.00 announced Shareholders will receive a dividend of JP¥29.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 111%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥137 (vs JP¥129 in FY 2023) Full year 2024 results: EPS: JP¥137 (up from JP¥129 in FY 2023). Revenue: JP¥736.6b (up 6.4% from FY 2023). Net income: JP¥79.6b (up 4.4% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: JP¥137 (vs JP¥129 in FY 2023) Full year 2024 results: EPS: JP¥137 (up from JP¥129 in FY 2023). Revenue: JP¥736.6b (up 6.4% from FY 2023). Net income: JP¥79.6b (up 4.4% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.2%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥40.66 (vs JP¥32.38 in 3Q 2023) Third quarter 2024 results: EPS: JP¥40.66 (up from JP¥32.38 in 3Q 2023). Revenue: JP¥188.0b (up 6.2% from 3Q 2023). Net income: JP¥23.4b (up 22% from 3Q 2023). Profit margin: 13% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Second quarter 2024 earnings released: EPS: JP¥35.00 (vs JP¥28.91 in 2Q 2023) Second quarter 2024 results: EPS: JP¥35.00 (up from JP¥28.91 in 2Q 2023). Revenue: JP¥185.4b (up 8.1% from 2Q 2023). Net income: JP¥20.5b (up 20% from 2Q 2023). Profit margin: 11% (up from 10.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥24.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.2%). Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥29.15 (vs JP¥31.80 in 1Q 2023) First quarter 2024 results: EPS: JP¥29.15 (down from JP¥31.80 in 1Q 2023). Revenue: JP¥176.7b (up 5.5% from 1Q 2023). Net income: JP¥17.2b (down 8.3% from 1Q 2023). Profit margin: 9.7% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥129 (vs JP¥121 in FY 2022) Full year 2023 results: EPS: JP¥129 (up from JP¥121 in FY 2022). Revenue: JP¥692.2b (up 13% from FY 2022). Net income: JP¥76.3b (up 6.8% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (1.6%). Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥32.38 (vs JP¥30.23 in 3Q 2022) Third quarter 2023 results: EPS: JP¥32.38 (up from JP¥30.23 in 3Q 2022). Revenue: JP¥177.0b (up 14% from 3Q 2022). Net income: JP¥19.2b (up 7.7% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Announcement • Jan 31
Nomura Research Institute, Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Nomura Research Institute, Ltd. provided consolidated earnings guidance for the fiscal year ending march 31, 2023. For the year, the company expects revenue to be JPY 690,000 million, operating profit to be JPY 115,000 million, profit attributable to owners of parent to be JPY 77,000 million and basic earnings per share to be JPY 130.35. Announcement • Jan 30
Nomura Research Institute, Ltd. Provides Dividend Guidance for Fiscal Year Ending March 31, 2023 Nomura Research Institute, Ltd. provided dividend guidance for fiscal year ending March 31, 2023. For the year, the company expects to pay dividend of JPY 23.00 per share against JPY 21.00 per share paid a year ago. Announcement • Nov 26
Nomura Research Institute, Ltd. (TSE:4307) announces an Equity Buyback for 8,000,000 shares, representing 1.35% for ¥20,000 million. Nomura Research Institute, Ltd. (TSE:4307) announces a share repurchase program. Under the program, the company will repurchase 8,000,000 shares, representing 1.35% of the outstanding shares for ¥20,000 million. The purpose of the program is to mitigate the impact of volatility and reduce the impact on existing shareholders. The program will run until March 31, 2023. As of September 30, 2022, the company had 592,321,212 shares outstanding and 19,031,988 shares in treasury. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥28.91 (vs JP¥30.69 in 2Q 2022) Second quarter 2023 results: EPS: JP¥28.91 (down from JP¥30.69 in 2Q 2022). Revenue: JP¥171.5b (up 15% from 2Q 2022). Net income: JP¥17.1b (down 5.6% from 2Q 2022). Profit margin: 10.0% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Chairman, President & CEO Shingo Konomoto is the most experienced director on the board, commencing their role in 2015. Independent Outside Non-Executive Director Tetsuji Ohashi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: JP¥28.91 (vs JP¥30.69 in 2Q 2022) Second quarter 2023 results: EPS: JP¥28.91 (down from JP¥30.69 in 2Q 2022). Revenue: JP¥171.5b (up 15% from 2Q 2022). Net income: JP¥17.1b (down 5.6% from 2Q 2022). Profit margin: 10.0% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (1.8%). Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥31.80 (vs JP¥30.56 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.80 (up from JP¥30.56 in 1Q 2022). Revenue: JP¥167.5b (up 17% from 1Q 2022). Net income: JP¥18.8b (up 1.9% from 1Q 2022). Profit margin: 11% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.5%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 29
Nomura Research Institute, Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2022 and Fiscal Year Ending March 31, 2023 Nomura Research Institute, Ltd. provided consolidated earnings guidance for the Six months ending September 30, 2022 and fiscal year ending march 31, 2023. For the six months, the company expects revenue to be JPY 320,000 million, operating profit to be JPY 55,000 million, profit attributable to owners of parent to be JPY 37,000 million and basic earnings per share to be JPY 62.72.For the year, the company expects revenue to be JPY 670,000 million, operating profit to be JPY 115,000 million, profit attributable to owners of parent to be JPY 77,000 million and basic earnings per share to be JPY 130.52. Reported Earnings • Jun 24
Full year 2022 earnings released: EPS: JP¥121 (vs JP¥88.34 in FY 2021) Full year 2022 results: EPS: JP¥121 (up from JP¥88.34 in FY 2021). Revenue: JP¥611.6b (up 11% from FY 2021). Net income: JP¥71.4b (up 35% from FY 2021). Profit margin: 12% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10.0%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: JP¥121 (vs JP¥88.34 in FY 2021) Full year 2022 results: EPS: JP¥121 (up from JP¥88.34 in FY 2021). Revenue: JP¥611.6b (up 11% from FY 2021). Net income: JP¥71.4b (up 35% from FY 2021). Profit margin: 12% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.3%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Outside Independent Audit & Supervisory Board Member Kiyotaka Yamazaki is the most experienced director on the board, commencing their role in 2014. Independent Outside Non-Executive Director Tetsuji Ohashi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.6%). In line with average of industry peers (1.0%). Announcement • Mar 01
Nomura Research Institute, Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022 Nomura Research Institute, Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022 Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥30.23 (down from JP¥31.34 in 3Q 2021). Revenue: JP¥156.0b (up 13% from 3Q 2021). Net income: JP¥17.8b (down 5.1% from 3Q 2021). Profit margin: 11% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 6.5%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS JP¥30.70 (vs JP¥22.42 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥149.3b (up 11% from 2Q 2021). Net income: JP¥18.1b (up 35% from 2Q 2021). Profit margin: 12% (up from 9.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (0.8%). Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS JP¥30.56 (vs JP¥21.15 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥142.6b (up 8.8% from 1Q 2021). Net income: JP¥18.4b (up 46% from 1Q 2021). Profit margin: 13% (up from 9.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥88.34 (vs JP¥109 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥550.3b (up 4.1% from FY 2020). Net income: JP¥52.9b (down 24% from FY 2020). Profit margin: 9.6% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 22
Nomura Research Institute, Ltd. (TSE:4307) announces an Equity Buyback for 20,000,000 shares, representing 3.3% for ¥60,000 million. Nomura Research Institute, Ltd. (TSE:4307) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 3.3% of its share capital, at ¥3,000 per share, for ¥60,000 million. The company will repurchase its shares in order to apply flexible capital policy in response to improvements in capital efficiency and changes in the business environment. The share repurchase program will run until December 30, 2021. As of March 31, 2021, the company had 606,614,051 shares outstanding (excluding treasury shares) and 3,385,949 shares in treasury. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥114 (vs JP¥109 in FY 2020) The company reported a mediocre full year result with weaker earnings, although profit margins were flat and revenues improved. Full year 2021 results: Revenue: JP¥550.5b (up 4.1% from FY 2020). Net income: JP¥68.1b (down 1.7% from FY 2020). Profit margin: 12% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 02 June 2021. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (1.1%). Is New 90 Day High Low • Mar 05
New 90-day low: €24.80 The company is down 9.0% from its price of €27.40 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.21 per share. Announcement • Mar 02
Nomura Research Institute, Ltd. to Report Fiscal Year 2021 Results on Apr 27, 2021 Nomura Research Institute, Ltd. announced that they will report fiscal year 2021 results on Apr 27, 2021 Analyst Estimate Surprise Post Earnings • Feb 14
Revenue beats expectations Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 5.6%, compared to a 12% growth forecast for the IT industry in Germany. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥31.34 (vs JP¥24.76 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥138.2b (up 5.2% from 3Q 2020). Net income: JP¥18.8b (up 28% from 3Q 2020). Profit margin: 14% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥31.34 (vs JP¥24.76 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥138.2b (up 5.2% from 3Q 2020). Net income: JP¥18.8b (up 28% from 3Q 2020). Profit margin: 14% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue beats expectations Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 5.0%, compared to a 12% growth forecast for the IT industry in Germany. Is New 90 Day High Low • Jan 09
New 90-day high: €30.20 The company is up 18% from its price of €25.60 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.30 per share. Is New 90 Day High Low • Dec 24
New 90-day high: €28.40 The company is up 9.0% from its price of €26.00 on 25 September 2020. The German market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.32 per share. Analyst Estimate Surprise Post Earnings • Nov 15
Revenue beats expectations Revenue exceeded analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 4.4%, compared to a 10% growth forecast for the IT industry in Germany. Is New 90 Day High Low • Nov 06
New 90-day high: €26.80 The company is up 22% from its price of €22.00 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.45 per share. Reported Earnings • Oct 30
First half earnings released Over the last 12 months the company has reported total profits of JP¥54.4b, down 21% from the prior year. Total revenue was JP¥536.0b over the last 12 months, up 3.1% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Semi-annual earnings released: Revenue beats expectations Semi-annual revenue exceeded analyst estimates by 0.3% at JP¥266.3b. Revenue is forecast to grow 3.9% over the next year, compared to a 8.6% growth forecast for the IT industry in Germany. Is New 90 Day High Low • Sep 19
New 90-day high: €25.00 The company is up 6.0% from its price of €23.60 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.27 per share. Announcement • Jul 30
Nomura Research Institute Australia Pty Ltd completed the acquisition of additional 41.9% stake in DSB Co., Ltd. (TSE:8692) for ¥15.4 billion. Nomura Research Institute Australia Pty Ltd made an offer to acquire remaining 48.2% stake in DSB Co., Ltd. (TSE:8692) for ¥11.1 billion on January 14, 2020. Nomura Research will acquire 12.1 million shares for ¥920 per share. Post completion, DBS will be delisted and will become wholly subsidiary of Nomura. Minimum number of shares to be purchased is 3.7 million. DBS Board has recommended shareholders to apply for the offer. Board resolution date is April 28, 2020.
Tender offer will run from April 30, 2020 to June 15, 2020. Frontier Management acted as financial advisor and a third-party valuation institution, and Gaien Partners acted as legal advisor for DBS. Nomura Securities acted as financial adviser to Nomura Research Institute, Ltd.
Nomura Research Institute Australia Pty Ltd completed the acquisition of additional 41.9% stake in DSB Co., Ltd. (TSE:8692) for ¥15.4 billion on June 15, 2020. Under this offer, Nomura Research acquired 10,469,378 shares at ¥920 per share and 62,900 certificates of share acquisition rights at ¥91,900 per one certificate and Nomura Research Institute will hold 93.69% stake in DSB.