Mizuho Financial Group vs Nomura

6-K Financial Filing Analysis for Mizuho Financial Group (2026-09-24)

On September 24, 2026, Mizuho Financial Group announced the completion of its share repurchase program authorized on May 15 and July 30, 2026. The group repurchased an aggregate of 24,352,700 common shares for approximately ¥200.0 billion (¥199,999,944,900) via market purchases utilizing a trust method through September 18, 2026. In the final tranche from September 1 to September 18, 2026, Mizuho acquired 6,126,300 shares for ¥52.93 billion. Furthermore, Mizuho confirmed that all 24,352,700 repurchased shares—representing approximately 1.0% of total outstanding shares before cancellation—will be cancelled on October 23, 2026.

• Completed total share repurchases of 24,352,700 common shares for ¥199,999,944,900, reaching the board-approved ¥200.0 billion program ceiling.
• Repurchased 6,126,300 common shares for ¥52,934,875,300 between September 1 and September 18, 2026.
• Scheduled the cancellation of all 24,352,700 repurchased shares (1.0% of total outstanding shares) effective October 23, 2026.

Berkshire CEO Abel Cites Growing Data Center Pushback

Berkshire Hathaway CEO Greg Abel told CNBC that U.S. communities are showing significantly more resistance to data center construction. Abel stated that Berkshire's interest in providing power and electricity for these sites is conditional on not raising rates for its other customers. His comments highlight growing organized political opposition to large computing projects that strain local power and water resources. New York State has enacted a moratorium on data center construction, and other states have pending restrictions of varying intensity. Mizuho analysts noted that investors view data centers as a potential issue in the upcoming midterm elections, citing concerns about resource consumption and limited long-term job creation. The U.S. currently has approximately 4,700 data centers, a number that continues to grow.

• Berkshire Hathaway CEO Greg Abel said there is 'a lot more pushback' on data center construction across U.S. communities.
• Berkshire's interest in data center power generation is conditional on not raising rates for other customers.
• New York State has enacted a moratorium on data center construction.

Mizuho Financial Group Publishes New Press Releases (Sep 2026: Stock Repurchase Progress, Nepal Flood Donation, Executive Officer Appointment)

Newly added press releases include 'Notice regarding Progress of Repurchase of Our Common Stock' (Sep 1, 2026), 'Donation to support those affected by the large-scale flooding and landslides near the Nepal--China border' (Aug 31, 2026), 'Appointment of Executive Officer' (Aug 20, 2026), and 'Policies Regarding Mizuho's Customer-oriented Business Conduct: FY2025 action plan report and FY2026 action plan announcement' (Jun 30, 2026).

6-K Financial Filing Analysis for Nomura (2026-11-02)

Nomura Holdings, Inc. reported its consolidated financial results (under US GAAP) for the second quarter and first half of the fiscal year ending March 31, 2027. For FY2026/27 1H, net revenue expanded 25% year-over-year to ¥1,294.2 billion, with income before income taxes up 21% to ¥359.5 billion and net income attributable to shareholders rising 27% to ¥249.3 billion (diluted EPS of ¥82.97). Annualized ROE for the half reached 13.3%, surpassing Nomura's 2030 Management Vision target of 10% to 12%. On a sequential basis, Q2 performance normalized following record highs in Q1, with net revenue declining 12% quarter-over-quarter to ¥607.5 billion and net income falling 29% to ¥103.7 billion. Despite broader market volatility, asset-management-driven stable revenues advanced approximately 60% year-over-year, supported by record recurring revenue asset inflows in Wealth Management (coverage ratio reaching 79%) and continued expansion in Investment Management and Banking.

• Nomura achieved 1H FY2026/27 net revenue of ¥1,294.2 billion (+25% YoY) and net income of ¥249.3 billion (+27% YoY), generating an annualized ROE of 13.3% and declaring a half-year dividend of ¥35 per share.
• For Q2 FY2026/27, net revenue stood at ¥607.5 billion (-12% QoQ) and net income reached ¥103.7 billion (-29% QoQ), while Wealth Management recurring revenue hit an all-time high of ¥66.7 billion with net inflows of ¥755.4 billion.
• Consolidated balance sheet showed total assets of ¥67.5 trillion and shareholders' equity of ¥3.8 trillion as of September 30, 2026, maintaining a robust Basel III CET1 capital ratio of 12.6%.

6-K Financial Filing Analysis for Nomura (2026-10-28)

Nomura Holdings announced its financial results for the second quarter and first half of the fiscal year ending March 31, 2027. For Q2 FY2026/27, net revenue reached ¥607.5 billion, an 18% increase year-on-year, while net income attributable to shareholders rose 13% year-on-year to ¥103.7 billion, generating an annualized ROE of 10.9%. For the first half, net revenue grew 25% year-on-year to ¥1,294.2 billion, and shareholder net income increased 27% to ¥249.3 billion with an ROE of 13.3%, driven by strong recurring revenue in Wealth Management and a 26% year-on-year growth in Investment Banking net revenue. In conjunction with the earnings release, Nomura declared an interim dividend of ¥35.0 per share for shareholders of record as of September 30, 2026, totaling approximately ¥102.3 billion, payable on December 1, 2026. This represents an increase from the ¥27.0 interim dividend paid in the prior fiscal year, reflecting management's execution on its business model transformation and disciplined capital return framework.

• Nomura generated Q2 FY2026/27 net revenue of ¥607.5 billion (+18% YoY) and net income of ¥103.7 billion (+13% YoY), bringing H1 net income to ¥249.3 billion with an ROE of 13.3%.
• Declared an interim dividend of ¥35.0 per share (totaling ¥102.3 billion) payable December 1, 2026, up from ¥27.0 per share in the prior year period.
• Wealth Management recurring revenue cost coverage ratio reached 79%, driven by record net inflows into recurring revenue assets of approximately ¥750 billion.

6-K Financial Filing Analysis for Nomura (2026-10-27)

Nomura Holdings, Inc. disclosed its consolidated regulatory capital adequacy, leverage, and External TLAC ratios for the period ended June 30, 2026. As of June 30, 2026, the firm reported Common Equity Tier 1 (CET1) capital of ¥3,302.8 billion, Tier 1 capital of ¥3,761.7 billion, and total capital of ¥4,001.0 billion against total risk-weighted assets (RWA) of ¥25,015.3 billion. This resulted in a CET1 capital ratio of 13.20%, a Tier 1 capital ratio of 15.03%, and a consolidated capital adequacy ratio of 15.99%. Furthermore, Nomura posted a consolidated leverage ratio of 4.77%, alongside External TLAC ratios of 29.97% on an RWA basis and 10.52% on a leverage ratio exposure basis, confirming continued compliance with international regulatory prudential standards.

• CET1 capital stood at ¥3,302.8 billion against total risk-weighted assets of ¥25,015.3 billion, yielding a CET1 ratio of 13.20% and a consolidated capital adequacy ratio of 15.99% as of June 30, 2026.
• Total RWA of ¥25,015.3 billion comprised ¥14,700.0 billion in credit risk, ¥6,113.3 billion in market risk equivalent, and ¥4,201.9 billion in operational risk equivalent assets.
• Consolidated leverage ratio was reported at 4.77%, with External TLAC ratios at 29.97% on an RWA basis and 10.52% on a leverage exposure measure basis.