Nomura Holdings raised its annual pre-tax profit target to at least JPY750
billion (about $4.7 billion) for the fiscal year to March 2031, a 50% increase
from a prior target of over JPY500 billion, the firm said in investor materials.
The Japanese broker also lifted its annual ROE target to at least 10–12% from
above 8–10%. CEO Kentaro Okada said profitability has steadily improved since
the group’s 2030 vision; Nomura posted a second consecutive record net profit in
the 12 months to March as a recovery in Japanese markets boosted trading and
investment banking. Nomura shares are down about 4% YTD, while Daiwa Securities
and Japan’s three megabanks have risen.
