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Top related persons:
Kentaro Okuda - 3 Nomura - 2 Makiko Yamazaki - 2 Toru Hanai - 1 Kentaro - 1 Okuda - 1 Simon Cameron - 1 Moore - 1
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Tokyo Japan SINGAPORE India TOKYO
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Thomson - 3 Nomura Securities - 1 REUTERS - 1 Rights - 1 Nomura Holdings - 1 Nomura - 1 Revenue - 1 Global - 1

Search resuls for: "Kentaro Okuda"


5 mentions found


☆ Japan's Nomura to cut risk assets, costs for wholesale business
  + stars: | 2023-11-29 | by ( Makiko Yamazaki | ) www.reuters.com   time to read: +2 min
The logo of Nomura Securities is seen at the company's Head Office in Tokyo, Japan, November 28, 2016. The fixed income trading business is expected to improve as the outlook for global interest rates becomes clearer, but "we won't just wait for a market recovery," he added. A bright spot for Nomura is the domestic business, as the Japanese stock market is trading at highest levels in three decades. Nomura's Japan business revenue for the April-September first half of the current fiscal year grew 31% from the same period a year before. The Japan market recovery "is providing the greatest business chance for us with the strong Japanese franchise and global investor base," he said.
Persons: Toru Hanai, Kentaro, Kentaro Okuda, Okuda, Nomura, Makiko Yamazaki, Simon Cameron, Moore, Kim Coghill Organizations: Nomura Securities, REUTERS, Rights, Nomura Holdings, Nomura, Thomson Locations: Tokyo, Japan
☆ Japan market rally fails to mask Nomura’s woes
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: +2 min
It also powered a near-fivefold increase in pre-tax earnings at the bank’s retail unit from the same period last year. Nomura’s own stock has also benefitted, though its 20% rise this year to a two-year high lags the broader market. And the rally did nothing to fix the abysmal underperformance at its mainstay wholesale division. Revenue at the unit that comprises the volatile investment banking and trading businesses fell 4% to 191 billion yen ($1.3 billion). They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Nomura, Morgan Stanley, Kentaro Okuda, Steve Cohen, Antony Currie, Oliver Taslic Organizations: Reuters, Revenue, Global, Twitter, Sequoia, Thomson Locations: SINGAPORE, India
☆ Japan's Nomura Q1 profit soars on strong domestic stock market
  + stars: | 2023-08-01 | by ( Makiko Yamazaki | ) www.reuters.com   time to read: +2 min
"We had a market tailwind," Chief Financial Officer Takumi Kitamura told a media briefing. Nomura's April-June profit came in at 23.33 billion yen ($163.42 million) versus 1.696 billion yen a year earlier, when fears of slowing global economic growth hit financial markets and forced investment portfolio writedowns at the Japanese firm. In contrast to the strong gains at the retail business, Nomura's wholesale division, which houses its investment banking and trading businesses, posted a pretax profit of just 2.1 billion yen, down sharply from 25.3 billion yen a year earlier. The Bank of Japan's relaxation of its cap on bond yields last week could also be "a major tailwind" to its business, as it is likely to increase market volatility, he said. ($1 = 142.7600 yen)Reporting by Makiko Yamazaki; Editing by Himani Sarkar and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Takumi Kitamura, Nomura's, Kentaro Okuda, Kitamura, Makiko Yamazaki, Himani Sarkar, Mark Potter Organizations: Nomura Holdings Inc, of, Energy, NTT Group, Thomson Locations: TOKYO
☆ Credit Suisse’s corpse drags on Nomura
  + stars: | 2023-04-26 | by ( ) www.reuters.com   time to read: +2 min
Like peers, it is feeling the pain of the Silicon Valley Bank crisis and Credit Suisse’s (CSGN.S) collapse. And Nomura (8604.T), as with Goldman Sachs (GS.N), is ill-positioned to benefit from rising lending rates as much as commercial banks are; both investment-banking firms posted a 5% decline in net revenue in the most recent quarter. Wholesale revenue, dragged down by a 20% decline in investment banking, contracted for the quarter but remained up 10% for the year. Retail and investment management contracted compared to the prior quarter; that could be more than just seasonal if the global economy stays rickety. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Nomura CEO says U.S. becomes profit driver despite one-off losses
  + stars: | 2022-11-29 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Nov 29 (Reuters) - Nomura Holdings Inc's (8604.T) U.S. wholesale business has emerged as a profit driver despite some large one-off losses in the region that had dragged down the bank's earnings in the past, Chief Executive Officer Kentaro Okuda said. Nomura's wholesale division consists of the global markets and investment banking arms. Japan's biggest brokerage and investment bank has had a long troubled history in its attempts to expand overseas, including the acquisition of assets from the collapsed Lehman Brothers in 2008 which it later wrote down. Okuda said the wholesale business overhaul in 2019, which included cost cuts and scaling back of lower growth segments, has helped turn the business leaner. To help the business become more resilient to market swings, Nomura plans to boost equity, private markets products as well as advisory and wealth management businesses, he said.
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