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Nomura Holdings, Inc. (NMR)

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3.7800+0.0500 (+1.34%)
At close: 04:00PM EDT
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  • Reuters

    Nomura lays out ambitious target to nearly double income in three years

    TOKYO (Reuters) -Nomura Holdings Inc said it is targeting an up to 90% jump in core pretax income in three years as Japan's biggest brokerage and investment bank plans to beef up advisory services in pursuit of revenue less vulnerable to market swings. "We will work to expand businesses with stable revenue amid extremely high market volatility," Chief Executive Kentaro Okuda told a meeting with investors on Tuesday. Nomura said it would aim for annual pretax income of 350 billion yen to 390 billion yen ($2.7 billion to $3.0 billion) for its three core divisions in the year to March-end 2025.