• Nomura Research Institute average net profit margin for 2023 was 10.89%, a 2.77% increase from 2022.
• Nomura Research Institute average net profit margin for 2022 was 11.2%, a 3.42% decline from 2021.
• Nomura Research Institute average net profit margin for 2021 was 10.83%, a 10.29% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.