
Nomura Research Institute Ltd
TSE:4307

Income Statement
Earnings Waterfall
Nomura Research Institute Ltd
Revenue
|
754.8B
JPY
|
Cost of Revenue
|
-483.2B
JPY
|
Gross Profit
|
271.6B
JPY
|
Operating Expenses
|
-141B
JPY
|
Operating Income
|
130.6B
JPY
|
Other Expenses
|
-40.3B
JPY
|
Net Income
|
90.3B
JPY
|
Income Statement
Nomura Research Institute Ltd
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
407 254
N/A
|
405 984
0%
|
410 847
+1%
|
420 976
+2%
|
418 823
-1%
|
421 439
+1%
|
420 309
0%
|
412 266
-2%
|
416 351
+1%
|
424 548
+2%
|
430 793
+1%
|
441 597
+3%
|
457 616
+4%
|
471 488
+3%
|
482 610
+2%
|
491 681
+2%
|
496 951
+1%
|
501 243
+1%
|
512 980
+2%
|
519 989
+1%
|
524 724
+1%
|
528 721
+1%
|
530 494
+0%
|
535 943
+1%
|
542 678
+1%
|
550 337
+1%
|
561 867
+2%
|
576 087
+3%
|
593 933
+3%
|
611 634
+3%
|
636 524
+4%
|
658 713
+3%
|
679 745
+3%
|
692 165
+2%
|
701 336
+1%
|
715 175
+2%
|
726 124
+2%
|
736 556
+1%
|
747 956
+2%
|
751 269
+0%
|
754 782
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(292 463)
|
(289 210)
|
(285 592)
|
(293 373)
|
(288 178)
|
(287 270)
|
(283 452)
|
(275 630)
|
(276 549)
|
(280 761)
|
(284 620)
|
(289 780)
|
(301 922)
|
(311 868)
|
(321 168)
|
(327 952)
|
(333 065)
|
(336 508)
|
(342 592)
|
(347 163)
|
(347 668)
|
(346 101)
|
(352 136)
|
(354 886)
|
(358 936)
|
(364 539)
|
(366 483)
|
(374 034)
|
(384 347)
|
(395 562)
|
(414 323)
|
(429 057)
|
(443 965)
|
(452 336)
|
(455 644)
|
(464 475)
|
(471 080)
|
(475 549)
|
(482 460)
|
(483 914)
|
(483 170)
|
|
Gross Profit |
114 791
N/A
|
116 774
+2%
|
125 255
+7%
|
127 603
+2%
|
130 645
+2%
|
134 169
+3%
|
136 857
+2%
|
136 636
0%
|
139 802
+2%
|
143 787
+3%
|
146 173
+2%
|
151 817
+4%
|
155 694
+3%
|
159 620
+3%
|
161 442
+1%
|
163 729
+1%
|
163 886
+0%
|
164 735
+1%
|
170 388
+3%
|
172 826
+1%
|
177 056
+2%
|
182 620
+3%
|
178 358
-2%
|
181 057
+2%
|
183 742
+1%
|
185 798
+1%
|
195 384
+5%
|
202 053
+3%
|
209 586
+4%
|
216 072
+3%
|
222 201
+3%
|
229 656
+3%
|
235 780
+3%
|
239 829
+2%
|
245 692
+2%
|
250 700
+2%
|
255 044
+2%
|
261 007
+2%
|
265 496
+2%
|
267 355
+1%
|
271 612
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(63 835)
|
(65 288)
|
(68 173)
|
(69 994)
|
(73 106)
|
(75 874)
|
(78 409)
|
(80 249)
|
(82 092)
|
(85 273)
|
(88 231)
|
(90 547)
|
(93 210)
|
(94 482)
|
(94 086)
|
(94 590)
|
(93 947)
|
(93 293)
|
(93 934)
|
(93 581)
|
(94 930)
|
(96 964)
|
(100 384)
|
(101 670)
|
(101 573)
|
(98 351)
|
(106 082)
|
(107 350)
|
(111 616)
|
(113 414)
|
(114 737)
|
(122 427)
|
(127 436)
|
(131 100)
|
(135 422)
|
(135 872)
|
(136 577)
|
(142 070)
|
(140 253)
|
(140 995)
|
(141 006)
|
|
Selling, General & Administrative |
(62 888)
|
(59 893)
|
(67 292)
|
(68 840)
|
(71 980)
|
(69 657)
|
(77 308)
|
(79 158)
|
(80 957)
|
(78 061)
|
(86 527)
|
(88 645)
|
(91 118)
|
(87 401)
|
(91 020)
|
(90 427)
|
(89 094)
|
(83 983)
|
(88 605)
|
(88 563)
|
(89 798)
|
(97 491)
|
(93 746)
|
(96 304)
|
(97 612)
|
(98 366)
|
(102 728)
|
(104 010)
|
(108 224)
|
(113 536)
|
(116 970)
|
(124 607)
|
(129 796)
|
(131 580)
|
(135 382)
|
(136 138)
|
(138 224)
|
(142 353)
|
(143 480)
|
(144 754)
|
(143 510)
|
|
Research & Development |
0
|
(4 222)
|
0
|
0
|
0
|
(5 110)
|
0
|
0
|
0
|
(5 674)
|
0
|
0
|
0
|
(5 170)
|
0
|
0
|
0
|
(3 665)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(946)
|
(1 172)
|
(880)
|
(1 153)
|
(1 125)
|
(1 106)
|
(1 100)
|
(1 090)
|
(1 135)
|
(1 537)
|
(1 703)
|
(1 901)
|
(2 091)
|
(1 910)
|
(3 065)
|
(4 161)
|
(4 850)
|
(5 645)
|
(5 328)
|
(5 018)
|
(5 132)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
(1)
|
(2)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
0
|
(1)
|
0
|
0
|
527
|
(6 638)
|
(5 366)
|
(3 961)
|
15
|
(3 354)
|
(3 340)
|
(3 392)
|
122
|
2 233
|
2 180
|
2 360
|
480
|
(40)
|
266
|
1 647
|
283
|
3 227
|
3 759
|
2 504
|
|
Operating Income |
50 956
N/A
|
51 486
+1%
|
57 082
+11%
|
57 609
+1%
|
57 539
0%
|
58 295
+1%
|
58 448
+0%
|
56 387
-4%
|
57 710
+2%
|
58 514
+1%
|
57 942
-1%
|
61 270
+6%
|
62 484
+2%
|
65 138
+4%
|
67 356
+3%
|
69 139
+3%
|
69 939
+1%
|
71 442
+2%
|
76 454
+7%
|
79 245
+4%
|
82 126
+4%
|
85 656
+4%
|
77 974
-9%
|
79 387
+2%
|
82 169
+4%
|
87 447
+6%
|
89 302
+2%
|
94 703
+6%
|
97 970
+3%
|
102 658
+5%
|
107 464
+5%
|
107 229
0%
|
108 344
+1%
|
108 729
+0%
|
110 270
+1%
|
114 828
+4%
|
118 467
+3%
|
118 937
+0%
|
125 243
+5%
|
126 360
+1%
|
130 606
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
10 520
|
10 684
|
11 149
|
1 930
|
3 350
|
4 364
|
4 466
|
17 420
|
15 892
|
14 833
|
15 684
|
21 357
|
21 426
|
23 295
|
22 581
|
3 748
|
11 735
|
10 027
|
8 997
|
28 402
|
20 183
|
812
|
18 688
|
(2 161)
|
(4 873)
|
315
|
(8 335)
|
(7 427)
|
(5 789)
|
527
|
(1 743)
|
(2 324)
|
(2 083)
|
(2 291)
|
(2 982)
|
(2 544)
|
(2 138)
|
(1 909)
|
(2 549)
|
(1 239)
|
(1 068)
|
|
Non-Reccuring Items |
1 654
|
(9)
|
(1 984)
|
(1 915)
|
(1 866)
|
(1 329)
|
(1 000)
|
(752)
|
(708)
|
46
|
196
|
24
|
(46)
|
(5 569)
|
(5 635)
|
(5 609)
|
(6 704)
|
(4 921)
|
(5 014)
|
(5 002)
|
(3 864)
|
(39)
|
0
|
0
|
0
|
(6 761)
|
0
|
0
|
0
|
3 356
|
0
|
0
|
0
|
2 653
|
0
|
0
|
0
|
694
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
(3 231)
|
0
|
0
|
0
|
357
|
0
|
0
|
0
|
(8 567)
|
0
|
0
|
0
|
(143)
|
0
|
0
|
10
|
183
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
69
|
145
|
(3 065)
|
(2 938)
|
(2 779)
|
618
|
701
|
551
|
516
|
166
|
(8 385)
|
(8 338)
|
(8 600)
|
(194)
|
(213)
|
(218)
|
28
|
18
|
365
|
163
|
159
|
(945)
|
1 526
|
1 718
|
1 666
|
(9 926)
|
0
|
0
|
1
|
(1 870)
|
0
|
0
|
0
|
(592)
|
0
|
(1)
|
(2)
|
(498)
|
(2)
|
(2)
|
0
|
|
Pre-Tax Income |
63 199
N/A
|
59 075
-7%
|
63 182
+7%
|
54 686
-13%
|
56 244
+3%
|
62 305
+11%
|
62 615
+0%
|
73 606
+18%
|
73 410
0%
|
64 992
-11%
|
65 437
+1%
|
74 313
+14%
|
75 264
+1%
|
82 527
+10%
|
84 089
+2%
|
67 060
-20%
|
75 008
+12%
|
76 749
+2%
|
80 802
+5%
|
102 808
+27%
|
98 604
-4%
|
85 484
-13%
|
98 188
+15%
|
78 944
-20%
|
78 962
+0%
|
71 075
-10%
|
80 968
+14%
|
87 276
+8%
|
92 182
+6%
|
104 671
+14%
|
105 722
+1%
|
104 906
-1%
|
106 261
+1%
|
108 499
+2%
|
107 288
-1%
|
112 283
+5%
|
116 327
+4%
|
117 224
+1%
|
122 692
+5%
|
125 119
+2%
|
129 537
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(22 079)
|
(19 209)
|
(21 448)
|
(17 891)
|
(18 009)
|
(19 513)
|
(19 094)
|
(23 908)
|
(23 829)
|
(21 042)
|
(21 535)
|
(23 630)
|
(24 028)
|
(26 356)
|
(26 650)
|
(21 591)
|
(24 726)
|
(25 213)
|
(26 150)
|
(33 268)
|
(31 226)
|
(26 388)
|
(31 108)
|
(24 761)
|
(24 785)
|
(18 497)
|
(21 152)
|
(23 162)
|
(25 024)
|
(32 878)
|
(33 553)
|
(33 745)
|
(33 799)
|
(32 002)
|
(32 346)
|
(33 969)
|
(33 657)
|
(37 062)
|
(37 492)
|
(36 913)
|
(38 613)
|
|
Income from Continuing Operations |
41 120
|
39 866
|
41 734
|
36 795
|
38 235
|
42 792
|
43 521
|
49 698
|
49 581
|
43 950
|
43 902
|
50 683
|
51 236
|
56 171
|
57 439
|
45 469
|
50 282
|
51 536
|
54 652
|
69 540
|
67 378
|
59 096
|
67 080
|
54 183
|
54 177
|
52 578
|
59 816
|
64 114
|
67 158
|
71 793
|
72 169
|
71 161
|
72 462
|
76 497
|
74 942
|
78 314
|
82 670
|
80 162
|
85 200
|
88 206
|
90 924
|
|
Income to Minority Interest |
(57)
|
(985)
|
(1 023)
|
(1 193)
|
(1 087)
|
(143)
|
213
|
1 667
|
1 433
|
1 114
|
473
|
(1 083)
|
(1 148)
|
(1 025)
|
(793)
|
(710)
|
(542)
|
(604)
|
(588)
|
(657)
|
(691)
|
(900)
|
(238)
|
(414)
|
(498)
|
288
|
(348)
|
(119)
|
17
|
(347)
|
(373)
|
(372)
|
(298)
|
(189)
|
(186)
|
(201)
|
(302)
|
(518)
|
(600)
|
(572)
|
(578)
|
|
Net Income (Common) |
41 062
N/A
|
38 880
-5%
|
40 710
+5%
|
35 600
-13%
|
37 148
+4%
|
42 648
+15%
|
43 734
+3%
|
51 365
+17%
|
51 014
-1%
|
45 064
-12%
|
44 374
-2%
|
49 598
+12%
|
50 087
+1%
|
55 145
+10%
|
56 645
+3%
|
44 758
-21%
|
49 739
+11%
|
50 931
+2%
|
54 063
+6%
|
68 882
+27%
|
66 686
-3%
|
58 195
-13%
|
66 842
+15%
|
53 768
-20%
|
53 676
0%
|
52 867
-2%
|
59 464
+12%
|
63 991
+8%
|
67 172
+5%
|
71 445
+6%
|
71 794
+0%
|
70 787
-1%
|
72 163
+2%
|
76 307
+6%
|
74 754
-2%
|
78 111
+4%
|
82 366
+5%
|
79 643
-3%
|
84 598
+6%
|
87 634
+4%
|
90 345
+3%
|
|
EPS (Diluted) |
56.4
N/A
|
53.44
-5%
|
55.38
+4%
|
47.34
-15%
|
49.33
+4%
|
56.98
+16%
|
58.54
+3%
|
69.13
+18%
|
68.56
-1%
|
60.47
-12%
|
59.4
-2%
|
68.12
+15%
|
69.95
+3%
|
75.85
+8%
|
79
+4%
|
63.21
-20%
|
70.69
+12%
|
71.94
+2%
|
77.71
+8%
|
105.76
+36%
|
111.86
+6%
|
91.62
-18%
|
111.75
+22%
|
89.67
-20%
|
89.4
0%
|
88.12
-1%
|
98.39
+12%
|
108.28
+10%
|
113.84
+5%
|
120.34
+6%
|
121.52
+1%
|
119.56
-2%
|
121.75
+2%
|
128.88
+6%
|
126.54
-2%
|
133.6
+6%
|
142.84
+7%
|
136.83
-4%
|
146.98
+7%
|
152.73
+4%
|
158.04
+3%
|