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

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.