VIENNA (dpa-AFX) - Nomura Securities Co., Ltd. said, for fiscal 2015, its analysts forecast sales growth of 2.5% year-over-year and recurring profit growth of 15.1% for companies in the Russell/Nomura Large Cap Index (ex financials). Compared with previous estimates published in June 2015, sales growth is 0.1 percentage point higher and recurring profit growth is 1.4 percentage point higher. Absolute recurring profit forecast is 1.3% higher, at 480.4 billion yen.
Nomura said, for fiscal 2016, its analysts look for growth in sales of 2.9% year-over-year and growth in recurring profits of 8.8% for companies in the Russell/Nomura Large Cap Index (ex financials). Compared with previous forecast, this is a 0.1 percentage point upward revision to sales growth and a 0.5 percentage point downward revision for recurring profit growth. Absolute recurring profit forecast is 0.8% higher, at 324.1 billion yen.
The Russell/Nomura Japan Equity Indexes are Japanese equity indexes developed jointly by US-based Russell Investments and the Quantitative Research Center, Nomura Securities Co., Ltd. They represent the entire Japanese equity market, in that component stocks are selected from among all listed stocks.
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