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Below are the latest news stories about Nomura Holdings Inc that investors may wish to consider to help them evaluate NMR as an investment opportunity.
Nomura Holdings Inc <8604.T> said on Tuesday it planned to beef up business with unlisted companies, including offering advice to startups, aiming to diversify revenue after quarterly earnings took a battering from the coronavirus pandemic.
Nomura's (NMR) business strategy involves investments in private businesses and digitization in order to improve the company's prospects.
TOKYO: Nomura Holdings Inc said on Tuesday it will beef up its private investment business, including expanding its advice to start-ups, as it seeks to diversify revenue sources in the wake of the coronavirus pandemic. Chief Executive Kentaro Okuda also forecast 110 billion yen ($1 billion) of pretax income in the retail business for the year ended March 2023, which would be more than double the 49.4 billion yen the bank reported in the year ended March. Nomura, Japan's biggest brokerage and investment bank, earlier this month posted a surprising quarterly loss for the three months to the end of March as the coronavirus pandemic battered global stock markets. "The coronavirus shock to the world economy is much larger than the global financial crisis in 2008," Okuda, who took his post in...
(Bloomberg) -- Nomura Holdings Inc.’s new chief executive officer is set to unveil his strategy for Japan’s biggest brokerage on Tuesday, as the firm comes under renewed market scrutiny after posting losses caused by the coronavirus pandemic.Kentaro Okuda may redouble his predecessor’s efforts to reduce the firm’s reliance on trading and shift it toward more stable earnings drivers such as advice to companies and wealthy Japanese individuals. The impetus for doing so was made clear during last quarter’s market turmoil, when writedowns on loans and investments led to Nomura’s first loss in five quarters.“The market was particularly volatile in March because of the coronavirus problems, so the losses were probably inevitable,” said Kaori Nishizawa, an analyst at Fitch Ratings in Tokyo. Ne...
The re-emergence of facemask-wearing bankers, investors, lawyers and their clients in Central, Hong Kong's main business district, is being closely watched by other major financial centres looking forward to resuming business. Office staffing levels at the banks vary from around 50% to just 15%.
Good day everyone and welcome to today's Nomura Holdings Fourth Quarter and Full-Year Operating Results for Fiscal Year Ended March 2020 Conference Call. This slide outlines some of the initiatives we have undertaken to help our employees, clients and communities.
(Bloomberg) -- Nomura Holdings Inc. probably joined its Wall Street rivals in benefiting from a jump in trading during last quarter’s wild market swings, masking the challenge for its new chief as the coronavirus pandemic hammers the economy.Japan’s biggest brokerage is likely to post a fourth straight quarter of profit growth on Friday, helping full-year earnings climb to the highest in more than a decade, analysts at Jefferies and Mitsubishi UFJ Morgan Stanley Securities Co. predict. The trading boost is expected to make up for weakness in underwriting business as Japanese companies grew cautious in anticipation of a deep recession.Chief Executive Officer Kentaro Okuda may not be able to rely on the boom being sustained, with U.S. banks including Morgan Stanley warning that transactio...
The lengthening of the mandatory stay-at-home period to 40 days from 21 days will result in a direct output loss of more than 8 per cent over that time, according to Sonal Varma of Nomura Holdings.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
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