Latest news with #Moriuchi
Yomiuri Shimbun
4 days ago
- General
- Yomiuri Shimbun
Nagasaki: 80 Years After Atomic Bombing of Nagasaki, Both Bells at Famed Urakami Cathedral in Nagasaki Set to Ring Again
NAGASAKI — After the arrival of a new bell to replace the one damaged in the 1945 atomic bombing, the two bells at Urakami Cathedral in Nagasaki are set to ring out today, to mark 80 years since the bombing. The cathedral and its two towers, about 500 meters from the hypocenter, collapsed in the bombing on Aug. 9, 1945. The north tower's bell fell into a nearby river and was severely damaged. The south tower's bell was found nearly intact in the rubble and was hung in the tower when the cathedral was rebuilt in 1959. The north tower remained without a new bell was donated as part of a project launched by James Nolan L. Jr., a professor at Williams College in the United States. The 62-year-old is the grandson of James F. Nolan, who was involved in the Manhattan Project, a U.S. program for the research and development of atomic bombs. Nolan Jr. started the project after meeting Kojiro Moriuchi, a second-generation atomic bomb survivor from Nagasaki. On July 17, the two rang the new bell together at a ceremony marking the restoration of the bell. Like the bell that was damaged, the new bell measures 66 centimeters tall and 80.7 centimeters in diameter and weighs 224 kilograms. The bronze bell is inscribed with Latin words praising God and an image of a Native American the ceremony, Nolan Jr. said that the sound of the bell was more beautiful than he expected. He added that he hopes it will become a 'symbol of peace, unity and hope.' Moriuchi, 72, who proposed the restoration of the bell to Nolan, also said that he was impressed with the echo of the bell. 'I hope the people of Nagasaki will hear how the two bells resonate with each other on Aug. 9,' he said. Moriuchi's father was exposed to the atomic bombing while working in a bomb shelter at Nagasaki Shipyard & Machinery Works. He passed away in 2010 at the age of 90. One of Moriuchi's ancestors was among the 'hidden Christians' in the now Urakami district around the works as a guide at Atomic Bomb Museum at Yamazato Elementary School, which was about 600 meters away from the hypocenter. Nolan Jr.'s grandfather James Nolan was a medical doctor involved in radiation control and safety measures for the atomic bomb project. In the month following the bombings, he visited Hiroshima and Nagasaki as a member of a team investigating the effects of the bombs. He left behind a photograph of Urakami Cathedral as part of his estate. The professor researched his grandfather's activities and published in 2020 a book examining the ethical and medical issues faced by doctors involved in the development of the atomic bombs. He also served as a visiting professor at Nagasaki Junshin Catholic University in Nagasaki from October to December 2022. 'Sound may reach' When Nolan Jr. visited Japan to research the history of hidden Christians and the atomic bombings in May 2023, he met with Moriuchi for an interview. The professor is said to have asked Moriuchi if there is anything he can do for the people of Urakami. Having heard from his father about the solemn sound of the cathedral's two bells, Moriuchi suggested Nolan to the donation of a bell saying, 'the sound of the bell may reach all those who perished in Urakami because of the atomic bombing.'It is estimated that about 8,500 of 12,000 total parishioners were killed in the atomic bombing in the area around the cathedral. Nolan agreed with Moriuchi's proposal and launched a project in the United States to raise funds. He collected donations from more than 500 Catholics and others through lecture activities in the United States. 7,000 visitors The new bell was flown to Nagasaki in May. Nearly 7,000 people from Japan and abroad visited to see the bell on a display over a nine-day period in an exhibition room near the cathedral. '[The bell] will bear much fruit, including in fostering peace, hope and greater solidarity between Japanese and American Catholics,' Nolan Jr. said at the ceremony. 'On behalf of all of those who have given to the project, we thank you for the great honor it has been to be a part of restoring this bell to you, to your community and to your beautiful cathedral.'
Yahoo
30-07-2025
- Business
- Yahoo
Nomura Holdings Inc (NMR) Q1 2026 Earnings Call Highlights: Strong Revenue Growth and Record AUM
Group Net Revenue: JPY523.3 billion, up 16% over last quarter. Income Before Income Taxes: JPY160.3 billion, a 64% increase from last quarter. Net Income: JPY104.6 billion, up 45% compared with last quarter. EPS: JPY34.04. Annualized ROE: 12%. Wealth Management Net Revenue: JPY105.8 billion, a 6% increase. Wealth Management Income Before Income Taxes: JPY38.8 billion, up 8%. Total Sales: JPY6.7 trillion, a 24% increase. Investment Management Net Revenue: JPY50.6 billion, up 18%. Investment Management Income Before Income Taxes: JPY21.5 billion, a 39% increase. Assets Under Management: JPY94.3 trillion, a record high. Wholesale Net Revenue: JPY261.1 billion, up 1%. Wholesale Income Before Income Taxes: JPY41.9 billion, a 12% increase. Banking Division Net Revenue: JPY12.8 billion, a 12% rise. Banking Division Income Before Income Taxes: JPY3.6 billion, up 19%. Group-wide Expenses: JPY363.0 billion, a 2% increase. Tier 1 Capital: Approximately JPY3.4 trillion. Common Equity Tier 1 Ratio: 13.2% at the end of June. Warning! GuruFocus has detected 5 Warning Sign with NMR. Release Date: July 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Group net revenue increased by 16% over the last quarter, reaching JPY523.3 billion. Income before income taxes grew by 64% to JPY160.3 billion, with net income rising 45% to JPY104.6 billion. All four divisions, including the newly established Banking division, achieved growth in both revenues and profits compared to the previous quarter. Assets under management in the Asset Management business hit a record high of JPY94.3 trillion due to market recovery. The Wealth Management division saw a net inflow of recurring revenue assets for the 13th consecutive quarter. Negative Points Recurring revenue declined compared to the previous quarter due to a decline in stock prices and the absence of investment advisory fees. Investment Banking revenues fell 27% from the previous quarter, despite being the highest for Q1 since fiscal year 2016-17. The company faced a JPY6.6 billion expense related to compensation for losses from illegal trades due to phishing scams. The common equity Tier 1 ratio decreased from 14.5% to 13.2% due to an increase in risk assets. The EMEA region reported losses due to weak market conditions and increased personnel costs due to compensation regulations. Q & A Highlights Q: Can you provide details on the phishing scam compensation and its impact on financials? A: Hiroyuki Moriuchi, CFO, explained that the phishing scam compensation of JPY6.6 billion reflects all illegal trades up to June 28. The cost is included under "other expenses." The approach is to restore clients' positions to their state before the scam, rather than direct monetary compensation. Q: What are the trends in Fixed Income and Equities, and how do they compare to peers? A: Moriuchi noted that Fixed Income was weaker compared to peers, mainly due to market confusion in April, particularly in Japanese rates. However, Equities performed strongly, especially in the Americas, driven by robust derivatives performance. Q: How is the global market performing in July, and what are the regional differences? A: Moriuchi stated that overall, the global market performance in July is in line with Q1 levels, with equities performing strongly and fixed income relatively weaker. The Americas show solid performance, while EMEA faces challenges due to market factors and regulatory costs. Q: What is the capital policy priority, and how does it relate to the Macquarie acquisition? A: Moriuchi emphasized that the priority is on strategic investments and capturing opportunities. The CET1 ratio is slightly below the midpoint of the target range, indicating a need for careful capital management. The Macquarie acquisition is on track for a December close, with no critical issues anticipated. Q: How is client sentiment in Investment Banking and Wealth Management? A: Moriuchi observed strong corporate demand in Japan due to governance reforms, while overseas markets are stabilizing post-tariff news. In Wealth Management, despite market shocks, client sentiment remains calm, with improved financial literacy and continued investment interest. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
