News Release Outlook for FY16-17 corporate earnings Quarterly Update 28 February 2017 Equity Research Dept Nomura Securities Co Ltd, Tokyo Contents Summary and major assumptions 3 Contributions to recurring profit growth by sector 5 Revisions to recurring profit estimates (versus old estimates) 7 Revision index for the Russell/Nomura Large Cap Index 9 Reference Russell/Nomura Large Cap Index: earnings indicators 10 Recurring profits by sector 12 Percentage change in quarterly sales and profits 13 Valuation indicators 14 What are the Russell/Nomura Japan Equity Indexes? 15 Summary and major assumptions Overview of FY16 corporate earnings outlook In this report, we collate and analyze earnings...