Latest news with #NomuraHoldingsInc.
Mint
2 days ago
- Business
- Mint
Top Banker Vows Loyalty to DEI at Tokyo Pride Parade as Trump's Pushback Rages
The head of one of Japan's largest investment banks used the Tokyo Pride parade to strike a rare public stance on pushing ahead with diversity initiatives, as US President Donald Trump seeks to abolish such policies. Few Japanese corporate executives have taken a clear position on US efforts to roll back the diversity, equity and inclusion policies that had become common at global corporations, though many firms appear to have quietly maintained their initiatives. 'Even if the US has adopted an anti-DEI policy, Japan should press ahead and make up for lost time rather than following suit,' said Akihiko Ogino, president and chief executive officer of Daiwa Securities Group Inc., before the start of the Tokyo Pride parade near the bustling Shibuya area. He was speaking Sunday at his first visit to the Tokyo iteration of the global event that organizers describe as 'advocating LGBTQ rights and dignity.' Read: Trump's Anti-Diversity Drive Diverts Investors to Laggard Japan Faced with a rapidly aging and shrinking population, some Japanese firms have sought to bolster the pool of available workers by becoming more inclusive of different gender and sexual minorities, as well as women. Major financial firms including Nomura Holdings Inc., Goldman Sachs Group Inc. and Deutsche Bank AG are also among the sponsors of the event, according to its website. Companies around the world that do business in the US have faced a dilemma in dealing with the abrupt about-face on the issue. Read: Trump Has Companies in Europe and Asia Walking a DEI Tightrope Trump has vowed to stamp out diversity policies across the board, saying they are illegal and have disastrous consequences. In response, Citigroup Inc. withdrew its ambitious DEI goals and other U.S. financial firms have made adjustments. Ogino said he doesn't necessarily oppose the anti-DEI movement in the US, but that he thinks it's 'important to recognize that there are people with different viewpoints and work together within an organization.' 'I believe we should acknowledge such diversity, recognize the differences between ourselves and others, and work together while respecting each other,' he said. Daiwa earned less than 7% of its ordinary profit last fiscal year through businesses in the Americas as a whole. Japanese automakers Nissan Motor Co. and Toyota Motor Co. rolled back some initiatives in the US last year after pressure from conservative activists like Robby Starbuck. Sumitomo Mitsui Financial Group Inc. erased references to DEI from its American websites, but the Japanese company left its international websites untouched, describing the US changes as part of a global digital restructure 'after many months of planning.' A survey by the Mainichi newspaper published in March found 83% of Japanese companies who responded agreed that DEI initiatives are necessary to secure talent. With assistance from Takashi Nakamichi. This article was generated from an automated news agency feed without modifications to text.
Mint
30-05-2025
- Business
- Mint
Nomura Sees Big Opportunities to Grow in US Despite Turmoil
Nomura Holdings Inc. is setting its sights on the US for growth despite the current turmoil surrounding the world's biggest economy. Japan's largest brokerage said it's strengthening its focus on the Americas through 'strategic resource allocation,' according to an investor day presentation, which touted the 'big opportunities' there. The firm plans to advance targets for its investment management and wholesale banking businesses by pursuing long-term growth in the Americas, it said. 'Currently, market volatility is increasing due to global tariff negotiations, and the US can be said to be the epicenter of all this,' Chief Executive Officer Kentaro Okuda told investors on Friday. 'However, in our company's global strategy, the US is the most important area rich in business opportunities, and this will not change in the future.' Nomura is in expansion mode, having recently clinched a $1.8 billion deal to buy Macquarie Group Ltd.'s US and European public asset management business. The firm's optimism toward the US comes against wider sentiments that are more worried about President Donald Trump's trade policies overshadowing global growth prospects. In its presentation, the Tokyo-based firm also said it aims to boost revenue from trading and investment banking business by 15% to 20% in dollar terms by March 2031. It plans to expand in private credit, structured and solutions, equity trading in Europe and Asia, and international wealth management. Led by ex-JPMorgan Chase & Co. executive Christopher Willcox, this wholesale banking arm will seek to 'ramp up productivity' of bankers in advisory business as well as global markets sales and trading operations. The division accounts for about half of Nomura's overall net revenue. Meanwhile, Nomura also introduced a ¥50 billion pretax profit target for its newly created banking division for the year ending March 2031. Nomura earned a record net profit last fiscal year, joining Wall Street titans in benefiting from trading while enjoying a boom in dealmaking and retail investing in Japan. The firm posted a 72% increase in income before taxes to ¥472 billion in the year ended this March. At last year's investor day, the management unveiled a target to lift annual pretax profit to more than ¥500 billion by March 2031. It had also identified India and the Middle East as growth opportunities. This article was generated from an automated news agency feed without modifications to text.
Yahoo
30-05-2025
- Business
- Yahoo
Nomura Sees Big Opportunities to Grow in US Despite Turmoil
(Bloomberg) -- Nomura Holdings Inc. is setting its sights on the US for growth despite the current turmoil surrounding the world's biggest economy. NYC Congestion Toll Brings In $216 Million in First Four Months The Economic Benefits of Paying Workers to Move Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania NY Wins Order Against US Funding Freeze in Congestion Fight NY Congestion Pricing Is Likely to Stay Until Year End During Court Case Japan's largest brokerage said it's strengthening its focus on the Americas through 'strategic resource allocation,' according to an investor day presentation, which touted the 'big opportunities' there. The firm plans to advance targets for its investment management and wholesale banking businesses by pursuing long-term growth in the Americas, it said. 'Currently, market volatility is increasing due to global tariff negotiations, and the US can be said to be the epicenter of all this,' Chief Executive Officer Kentaro Okuda told investors on Friday. 'However, in our company's global strategy, the US is the most important area rich in business opportunities, and this will not change in the future.' Nomura is in expansion mode, having recently clinched a $1.8 billion deal to buy Macquarie Group Ltd.'s US and European public asset management business. The firm's optimism toward the US comes against wider sentiments that are more worried about President Donald Trump's trade policies overshadowing global growth prospects. In its presentation, the Tokyo-based firm also said it aims to boost revenue from trading and investment banking business by 15% to 20% in dollar terms by March 2031. It plans to expand in private credit, structured and solutions, equity trading in Europe and Asia, and international wealth management. Led by ex-JPMorgan Chase & Co. executive Christopher Willcox, this wholesale banking arm will seek to 'ramp up productivity' of bankers in advisory business as well as global markets sales and trading operations. The division accounts for about half of Nomura's overall net revenue. Meanwhile, Nomura also introduced a ¥50 billion ($348 million) pretax profit target for its newly created banking division for the year ending March 2031. Nomura earned a record net profit last fiscal year, joining Wall Street titans in benefiting from trading while enjoying a boom in dealmaking and retail investing in Japan. The firm posted a 72% increase in income before taxes to ¥472 billion in the year ended this March. At last year's investor day, the management unveiled a target to lift annual pretax profit to more than ¥500 billion by March 2031. It had also identified India and the Middle East as growth opportunities. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P.
Bloomberg
24-04-2025
- Business
- Bloomberg
Toppan's Chip-Material Unit Tekscend Said to Plan IPO This Year
Japanese chip-material maker Tekscend Photomask Corp. is planning an initial public offering in Tokyo as soon as the second half of this year, according to people familiar with the matter. Bank of America Corp., Nomura Holdings Inc. and SMBC Nikko Securities Inc. have been tapped to work on the potential listing, the people said, asking not to be identified because the information isn't public. More banks may be added, they said.
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First Post
24-04-2025
- Business
- First Post
‘Very disruptive': China started flooding countries with cheap goods before Trump tariffs came in
Nomura Holdings analysed data from 45 countries to examine the impact of China's imports on local manufacturing. Their research showed that countries experiencing the biggest rise in Chinese imports often faced the most significant declines in domestic manufacturing activity read more Trump tariffs have opened the gateway for the inflow of cheap Chinese goods into the market, which can 'prove disruptive' to emerging economies like Asia, an analysis by Japan-based Nomura Holdings Inc. said. The buying and selling of inexpensive Chinese knock-offs or products can trigger bigger trade imbalances, stronger disinflation and greater fiscal spending, according to the report. Nomura economists, led by Rob Subbaraman, analysed data from 45 countries to examine the impact of China's imports on local manufacturing. Their research showed that countries experiencing the biggest rise in Chinese imports often faced the most significant declines in domestic manufacturing activity. STORY CONTINUES BELOW THIS AD Additionally, they identified a clear inverse relationship between China's share of imports and producer price inflation, suggesting that as Chinese imports grew, local producer prices tended to fall. The research also revealed that China began selling cheap goods into markets across the world way before US President Donald Trump even assumed office in January. 'Unsurprisingly from these results, the year 2024 marked a significant rise in the total number of trade investigations initiated against Chinese imports to a record high, mostly in the form of anti-dumping measures,' Subbaraman said. 'This year, with a full-blown US-China trade war in full force, the results illuminate just how exposed economies are to the flood of cheap China imports turning into a deluge, particularly those in Asia,' he added. How buyers are flocking to cheaper goods Buyers across the world are seeking cheaper products to bypass the Trump tariffs. A report by the South China Morning Post says that shoppers from France are using Chinese e-commerce platforms like 'Taobao' to purchase luxury goods. Luxury items like bags and other accessories from high-end brands like Birkin are being sold at much lower rates after manufacturers in China revealed the 'hack' on TikTok. One of the most-watched TikTok videos, nearing 10 million views, features a woman standing in front of factory equipment, promoting yoga pants produced in the same facility as Lululemon's, selling them for just $5 to $6, a fraction of the typical $100 retail price. STORY CONTINUES BELOW THIS AD Trump closes loophole As soon as Trump found out that buyers from his country had found a loophole to avoid his tariffs, he closed it. Earlier this month, lower-value shipping offered by Chinese e-commerce platforms was slapped with a 30 per cent tariff of the 'value of the postal item containing goods for merchandise' and a minimum fee that will eventually rise to $50.
