TOKYO : Nomura Holdings Inc on Thursday cut its core pre-tax income target for the next financial year by a quarter as higher interest rates and global financial turmoil dented investment banking fees and derailed its offshore expansion plans.The sharp revisions came after the banking crisis roiled finan
TOKYO : Nomura Holdings Inc on Thursday cut its core pre-tax income target for the next financial year by a quarter as higher interest rates and global financial turmoil dented investment banking fees and derailed its offshore expansion plans.
Okuda, however, said at an investor event on Thursday he would stick with his strategy of beefing up products related to private markets, such as private debt and services for wealthy private clients, in pursuit of more stable sources of revenue. The guidance was still higher than the average 242 billion yen forecast for company-wide pretax profit in a Refinitiv poll for the year to March 2025.
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