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Nomura Holdings

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Nomura Holdings, Inc.
Nomura Hōrudingusu kabushiki gaisha
Company typePublicKK
Industry
Founded25 December 1925;98 years ago(1925-12-25)inOsaka,Japan
Headquarters1-9-1,Nihonbashi,Chuo, Tokyo,Japan
Area served
Worldwide
Key people
  • Nobuyuki Koga(Chairman)
  • Tetsu Ozaki (Vice Chairman)
  • Kentaro Okuda (President and Group CEO)
Services
RevenueIncrease¥1.56 trillion(2024)[1]
Increase¥273.9 billion(2024)[1]
Increase¥165.9 billion(2024)[1]
AUMIncrease¥89.0 trillion(2024)[1]
Total assetsIncrease¥55.1 trillion(2024)[1]
Total equityIncrease¥3.35 trillion(2024)[1]
Number of employees
26,850 (2024)[1]
Subsidiaries
Websitenomura

Nomura Holdings, Inc.(Japanese:Dã thôn ホールディングス) is afinancialholding companyand a principal member of the Nomura Group, which isJapan's largestinvestment bankandbrokerage[broken anchor]group.[2]It, along with itsbroker-dealer,banking and other financial services subsidiaries, provides investment, financing and related services to individual, institutional, and government customers on a global basis with an emphasis on securities businesses.[3]

History

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Origins

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Sakaisuji Nomura Building (Nomura Building, Osaka Nomura Bank Head Office, Nomura Bank Head Office, Daiwa Bank Head Office). Built in February 1924 (Taisho 13).

The history of Nomura began on December 25, 1925, whenNomura Securities Co., Ltd.(NSC) was established inOsaka,as a spin-off from Securities Dept. of Osaka Nomura Bank Co., Ltd (the present dayResona Bank). NSC initially focused on thebond market.[4][5][6]It was named after its founderTokushichi Nomura II,a wealthy Japanese businessman and investor. He had earlier established Osaka Nomura bank in 1918, based on theMitsui zaibatsumodel with a capital of ¥10 million.[7]Like the majority ofJapaneseconglomerates,orzaibatsu,its origins were inOsaka,but today operates out of Tokyo. NSC gained the authority to trade stock in 1938, and went public in 1961.

Lehman Brothers acquisition

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In October 2008, Nomura acquired most ofLehman Brothers' Asian operations together with its European equities and investment banking units to make one of the world's largest independent investment banks with ¥20,300bn (£138bn) assets under management. In April 2009, the global headquarters for investment banking was moved out of Tokyo to London as part of a strategy to move the company's focus from Japan to global markets, with Josh Tokley appointed Head of UK Investments. Following his subsequent suspension, Tokley was replaced by Michael Coombs.

Nomura paid $225 million for the purchase of Lehman's Asia-Pacific unit.[8]Due to large losses with shares dropping to their lowest level in nearly 37 years, Nomura cut around 5 percent of its staff in Europe (as many as 500 people) in mid-September 2011.[9]

Greentech acquisition

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The headquarters of Nomura inTokyo, Japan

In December 2019, Nomura announced that it would acquire Greentech Capital Advisors, aboutique investment bankwith stated aims of assisting clients across sustainable technology and infrastructure. The transaction is expected to close on March 31, 2020.[10]

Greentech will be rebranded to "Nomura Greentech" and will form part of their Investment Banking franchise in the U.S.[10]

Nomura Holdings and member companies

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Nomura Holdings logo.

The marketing slogan of Nomura is "Connecting Markets East & West".[11]

Nomura Holdings, Inc. is theholding companyof theNomura Groupand the group's principal member.[12][13]As akeiretsu,Nomura Holdings, Inc. does not directly run member companies, rather it keeps a controlling stake of cross shareholdings and manages financial assistance among member companies which help to deflect hostile takeovers.

Core members

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  • Nomura Holding America Inc.[12][14]operates as a subsidiary of Nomura Holdings, Inc.
  • Nomura Europe Holdings plc[15][12]operates as a subsidiary of Nomura Holdings, Inc.
  • Nomura Asia Holding N.V.[16][12]operates as a subsidiary of Nomura Holdings, Inc.
  • Nomura Securities,[12]operates as a subsidiary of Nomura Holdings, Inc.
  • Nomura Research Institute
  • Nomura Financial Products Europe GmbH
Nomura Asset Management ( dã thôn アセットマネジメント) headquarters, located at 1-12-1Nihonbashi,Chuo,Tokyo,Japan
Nomura Asset Management the head office(Chuo-ku,Tokyo,Japan)

Nomura Securities

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Nomura Securities Co., Ltd.
Company typeSubsidiary
IndustryFinancial services
Financial management consulting
FoundedDecember 25, 1925(1925-12-25)(Osaka,Japan)
HeadquartersNihonbashi,Chuo, Tokyo,Japan
Area served
Worldwide
Key people
Koji Nagai (chairman)
Toshio Morita (president)
ProductsFinancial services[17]
Securities services
ParentNomura Holdings
WebsiteNomura Securities

Nomura Securities Co., Ltd.is a Japanesefinancial servicescompany and awholly owned subsidiaryofNomura Holdings, Inc.(NHI), which forms part of theNomura Group.It plays a central role in thesecuritiesbusiness, the group's core business. Nomura is a financial services group and global investment bank. Based inTokyo,Japan,with regional headquarters inHong Kong,London,andNew York,Nomura employs about 26,000 staff worldwide; it is known as Nomura Securities International in the US, and Nomura International plc. inEMEA.It operates through five business divisions: retail (in Japan), global markets, investment banking, merchant banking, and asset management.

Established December 25, 1925 inOsaka,it is the oldest brokerage firm in Japan. It is named after its founderTokushichi Nomura II,a wealthy Japanese businessman and investor.

History

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Background (before 1925)

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Nomura was founded by Tokushichi Nomura, father of Nomura Securities founderTokushichi Nomura IIas amoney changingbusiness.[18]This was just before theMeiji Restoration,the move to setting up a bank was a logical extension and progression of this business as times changed. Changes included the founding of stock exchanges in Tokyo and Osaka as the country became industrialised. Key amongst these changes was the Japanese government's decision to issue foreign currency denominated public bonds to fund theRusso-Japanese war;Nomura employed English speaking staff so that they could take on this international business.

By 1906 Nomura had founded an in-house research department headed up by former Osaka newspaper journalist Kisaku Hashimoto.[19]This was responsible for publishing the Osaka Nomura Business News with trading news, stock analysis and current economic trends. Research combined with a substantial newspaper advertising campaign helped raise the profile of Nomura. By 1917, Nomura had gone public and soon after Osaka Nomura Bank (the present dayResona Bank) was set up, within this business there was a securities section to handle bond sales and underwriting.[18]

References

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  1. ^abcdefg"Nomura Holdings Inc Annual Report (Form 20-F)".US Securities and Exchange Commission. 26 June 2024.
  2. ^"Nomura Goes on Hiring Spree, Appoints 15 new Directors for US Operations".Financial Magnates.2018-01-29.
  3. ^"Forbes, Nomura Holdings, Inc. (NYSE: NMR) at A Glance".Archived fromthe originalon 2012-04-20.Retrieved2012-01-17.
  4. ^ "Nomura Group Company history on Nomura Asia Pacific Webpage".Archived fromthe originalon 2012-01-02.Retrieved17 Jan2012.
  5. ^ "Nomura Group Company history on Nomura Holdings Inc. Webpage".Archivedfrom the original on 2012-02-28.Retrieved17 Jan2012.
  6. ^"History of Nomura Securities Company, Limited from fundinguniverse".Retrieved17 Jan2012.
  7. ^ "Nomura's founder, Tokushichi Nomura II from Nomura website"(PDF).Archived(PDF)from the original on 2012-02-29.Retrieved19 Jan2012.
  8. ^Nomura Buys Lehman's Europe Banking, Equities UnitsArchived2010-06-13 at theWayback Machine,Bloomberg, September 23, 2008
  9. ^"Nomura plans European staff cuts".Financial Times.2011-09-14.
  10. ^ab "Nomura to Acquire Greentech Capital Advisors"(PDF).nomuraholdings.Retrieved2019-01-28.
  11. ^ "Nomura – Marketing Slogan".Archivedfrom the original on 2014-07-14.Retrieved2014-06-09.
  12. ^abcde "Group Companies – NOMURA".nomuraholdings.Archivedfrom the original on 2018-12-12.Retrieved2019-01-28.
  13. ^ "Nomura Holdings, Inc. Info on Bloomberg Businessweek".Archived fromthe originalon 2012-02-29.Retrieved2012-01-17.
  14. ^ "Company Overview of Nomura Holding America, Inc".bloomberg.Retrieved2019-01-28.
  15. ^"Company Overview of Nomura Europe Holdings plc".bloomberg.
  16. ^"Company Overview of Nomura Asia Holding N.V."bloomberg.
  17. ^"Nomura Group – Products, Services & Solutions".
  18. ^ab"Info"(PDF).nomuraholdings.
  19. ^"Nomura Europe: About Nomura: Our story".Archived fromthe originalon 2010-01-10.Retrieved2010-02-02.
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