The move is part of a wider shifting of its growth focus to the Americas.
Nomura Holdings Inc is planning to increase its deal-related services for its corporate clients based in the United States, including arranging foreign Exchange (Forex) hedging, acquisition finance and more, the Chief Executive Officer of the Japanese firm told Reuters on Thursday.
At present, Nomura, which is the largest banking and brokerage group in Japan, is shifting its growth focus to the Americas and re-allocating its global resources to the region, which has the largest pool of investment banking fees in the world. According to the report, the firm is trying to scale up its businesses in the region without taking on larger risks.
Speaking to Reuters, Koji Nagai said: “Our key words are ‘America,’ ‘corporate clients’ and ‘solutions business.’”
At the moment, Nomura’s global markets business, which involves the trading of fixed income and equity, will not be expanded, despite the fact that it remains an important source of revenue for the firm.
“Rather, our focus is on advisory and primary business, which are not subject to market risks to the same degree and do not use our balance sheet much,” he continued. “In addition, we will expand our solutions business such as acquisition finance and foreign currency exchange services for deals we advise on.”
Nomura expects $250 million revenue boost
As a result of the expansion, the CEO of Nomura forecasts a boost in revenue of $250 million in the medium term. This expected cash injection would be welcome news for the firm, which has reported three consecutive quarters of pre-tax loss in its overseas business through September.
In addition, as Finance Magnates reported, during the six months to September, which is the first half of the company’s fiscal year ending March 31, 2019, Nomura reported net revenue of ¥554.9 billion ($5 billion).
When measured against the same period last year, this was down by 22 percent. Income before income taxes was also down on a year-on-year basis, falling by 91 percent to reach ¥14.1 billion ($127.2 million).
“We will absolutely keep our global platform though we have been shrinking businesses that are unprofitable and not needed by our clients,” Nagai added.
Nomura Holdings Inc is planning to increase its deal-related services for its corporate clients based in the United States, including arranging foreign Exchange (Forex) hedging, acquisition finance and more, the Chief Executive Officer of the Japanese firm told Reuters on Thursday.
At present, Nomura, which is the largest banking and brokerage group in Japan, is shifting its growth focus to the Americas and re-allocating its global resources to the region, which has the largest pool of investment banking fees in the world. According to the report, the firm is trying to scale up its businesses in the region without taking on larger risks.
Speaking to Reuters, Koji Nagai said: “Our key words are ‘America,’ ‘corporate clients’ and ‘solutions business.’”
At the moment, Nomura’s global markets business, which involves the trading of fixed income and equity, will not be expanded, despite the fact that it remains an important source of revenue for the firm.
“Rather, our focus is on advisory and primary business, which are not subject to market risks to the same degree and do not use our balance sheet much,” he continued. “In addition, we will expand our solutions business such as acquisition finance and foreign currency exchange services for deals we advise on.”
Nomura expects $250 million revenue boost
As a result of the expansion, the CEO of Nomura forecasts a boost in revenue of $250 million in the medium term. This expected cash injection would be welcome news for the firm, which has reported three consecutive quarters of pre-tax loss in its overseas business through September.
In addition, as Finance Magnates reported, during the six months to September, which is the first half of the company’s fiscal year ending March 31, 2019, Nomura reported net revenue of ¥554.9 billion ($5 billion).
When measured against the same period last year, this was down by 22 percent. Income before income taxes was also down on a year-on-year basis, falling by 91 percent to reach ¥14.1 billion ($127.2 million).
“We will absolutely keep our global platform though we have been shrinking businesses that are unprofitable and not needed by our clients,” Nagai added.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!