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Stock impact report

Nomura has space to cut a further $187 million in costs, CEO says [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
cut 62 billion yen ($414 million) of costs, which include optimising information technology, offshoring certain functions, and reviewing office locations. (Source: Nomura Holdings Chief Executive Officer Kentaro Okuda) Nomura is focusing on growing its risk-light businesses, such as underwriting and advisory services, and has set a target of achieving consistent return-on-equity of between 8% and 10%. (Source: Nomura Holdings Chief Executive Officer Kentaro Okuda) Nomura's global wealth management business has grown assets under management threefold over the past four years and has developed know-how on a par with global standards. (Source: Nomura Holdings Chief Executive Officer Kentaro Okuda) Nomura was recently hit with a 21.8 million yen fine from Japan's banking regulator and temporarily lost its status as a primary dealer of government bonds due to a bond trading market manipulation case. Additionally, a former Nomura employee was charged with multiple crimes, including at Show less Read more
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