Nomura

The gains are ‘driven primarily by equity products’, the company says

It seeks to post at least 750 billion yen in annual pre-tax income by the year ending March 2031

The coming quarters may provide a test for CEO Kentaro Okuda as the Iran war puts a strain on the global economy

Net income rose 2.7% from a year earlier to 73.9 billion yen in the three months ended March 31

The firm’s latest recruitment drive builds on the turnaround in its markets business in recent years

It plans to repurchase as much as 60 billion yen of shares, or 3.2% of its outstanding stock

Foreign securities firms have secured numerous deals involving investments in the US, fuelled by the AI and semiconductor boom

Despite the explosive growth of such financing in the US over the past decade, bank loans still dominate corporate borrowing in Japan

The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand