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Nomura CEO's compensation tops 300 million yen for first time

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Nomura Holdings Inc Chief Executive Officer Koji Nagai's pay exceeded 300 million yen (S$3.2 million) for the first time last year as profit surged to a nine-year high.

[TOKYO] Nomura Holdings Inc Chief Executive Officer Koji Nagai's pay exceeded 300 million yen (S$3.2 million) for the first time last year as profit surged to a nine-year high.

Mr Nagai's total pay including salary, stock options and bonuses increased 10 per cent to 328 million yen in the year ended March, a regulatory filing showed Thursday.

Japan's biggest securities firm is benefiting from a stock- market rally that has boosted asset-management fees and brokerage commissions. Shares of Tokyo-based Nomura have tripled since Mr Nagai, 56, took the post in August 2012.

Mr Nagai received a base salary of 102 million yen, plus 17 million yen in stock options, 70 million yen in cash bonuses and 139 million yen in deferred bonuses, the filing showed.

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It's the first time a Nomura executive's compensation exceeded 300 million yen since the brokerage started disclosing the information in 2010, said Kenji Yamashita, a Tokyo-based spokesman.

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