• Nomura Research Institute average return on tangible equity for 2016-06-30 was 0, a 0% decline from 2017-06-30.
• Nomura Research Institute average return on tangible equity for 2017-06-30 was 0, a 0% decline from 2018-06-30.
• Nomura Research Institute average return on tangible equity for 2018-06-30 was 0, a 0% decline from 2019-06-30.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.