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Nomura Holdings, Inc.

Japan · Tokyo: 8604.T · Market cap: $29.7B · P/E: 11.2 · P/S: 2

Nomura is a Japanese financial group that helps people, companies, and governments invest money, raise money, and trade securities around the world.

Nomura is one of Japan's biggest financial groups, and it does a little bit of everything in finance: it helps individuals invest their savings, helps companies raise money by selling shares or bonds, and trades stocks and bonds for clients and for itself. It's the kind of firm that sits between people with money and people who need money, taking a cut for arranging the connection.

Nomura Holdings, Inc. (8604.T) Investment banking and brokerage services: line art illustration of faceless traders at a trading desk with multiple screens showing stock price charts and order tickets
Trading and brokerage
Nomura earns money from trading stocks and bonds for clients.

The business splits into a few main pieces. Retail serves individual investors in Japan, mostly through a huge branch network, selling them investment products and managing their money — this is Nomura's traditional heartland. Wholesale is the global investment bank: trading, underwriting, and advising big institutions and corporations, which is where most of the revenue and the drama live. Asset management runs funds for investors, and there's a smaller banking piece that lends money, mostly in Japan. The interesting tension is that Nomura is a Japanese company trying to compete on the global stage against much larger American and European banks. It has spent decades expanding overseas, buying pieces of failed rivals, and fighting to be a serious player in New York and London. That global push has been expensive and bumpy — the firm has had to retreat from some businesses and eat losses along the way — but it's also what makes Nomura more than just a domestic brokerage.


Nomura makes money on fees (helping companies sell shares, advising on deals, managing funds) and on the spread between what it pays and what it earns when trading. Its profits swing hard with market conditions, because when markets are quiet, trading revenue dries up. The stock pays a dividend and the company has bought back shares, but the real story is a Japanese institution betting it can stay relevant in a world dominated by bigger Wall Street giants like Goldman Sachs and Morgan Stanley.

Saved answer · last researched 12 Nov 2026