Nomura Lifts 2031 Pretax Income Target 50% to ¥750 Billion After Record Year
Updated
Updated · Bloomberg · May 28
Nomura Lifts 2031 Pretax Income Target 50% to ¥750 Billion After Record Year
1 articles · Updated · Bloomberg · May 28
¥750 billion is Nomura's new annual pretax income goal for the year ending March 2031, up 50% from its previous target of more than ¥500 billion.
The higher target follows a record earnings year and reflects CEO Kentaro Okuda's push to deliver steadier long-term growth at Japan's biggest brokerage.
Nomura also raised its profitability ambition, targeting annual return on equity of 10% to 12% versus its earlier goal of 8% to 10% or more.
Nomura's new profit goal is a huge leap, but is its 10% return-on-equity target actually ambitious enough?
After a weak quarter, can Nomura's ambitious 50% profit hike truly be achieved amid rising global tensions?
As Nomura warns of a 'fragmented world,' how will its investment strategy pivot to profit from this shift?