Nomura

The next chapter of Japan's corporate evolution is about putting capital to work. While businesses in the US and Europe typically keep around 6-8% of their assets in cash, Japanese firms hold over 10%, with more than ¥110 trillion in reserves. While it was easier to justify holding excess cash and deposits under deflationary conditions, in an inflationary environment, it leads to a deterioration in asset efficiency. Companies are also under growing pressure from the Takaichi administration and updates to Japan’s Corporate Governance Code to make efficient use of cash and deposits. We anticipate the corporate sector will increase its spending by ¥30-40 trillion on capex investments, M&A, and shareholder returns, resulting in greater innovation, expansion, and stronger ROE. Our equities strategists are encouraged these changes will allow Japanese firms to compete more effectively on the global stage while delivering greater value to all stakeholders. Read our insight piece here: https://lnkd.in/eRE2DX-w

At our Investor Day in Tokyo today, our Group CEO Kentaro Okuda discussed the steady progress we have made toward our 2030 management vision, Reaching for Sustainable Growth, along with the raising of the numerical targets set under the vision and our efforts to accelerate groupwide collaboration. https://ow.ly/jwxe50Z5vzH

Throughout #MentalHealthAwarenessMonth, our colleagues worldwide participated in workshops and mindfulness activities to pause, recharge, and focus on their wellbeing. While this month raises important awareness, creating a lasting culture where people feel empowered to have honest conversations and prioritize their mental health every day is what truly matters. This commitment is ingrained in Nomura's values as we continue fostering an environment that provides our people with comprehensive support.

Today on Nomura Plus, our Group site featuring the latest on Nomura, we released Part 2 of our series on indices. We spoke with the Nomura team behind the Yomiuri 333 index and the NOMURA-BPI index to learn more about what makes these indices unique and how they are used in investment and analysis. Read more: https://ow.ly/bGIm50Z4ZFb

Our flagship Nomura Investment Forum Asia returns to Singapore next week. Under the theme of “Navigating New Realities”, we are convening leading companies, corporate leaders and investors for dialogues on the global economy, geopolitics, private markets, technology and more. Stay tuned as we unpack the trends and opportunities ahead for Asia. #NomuraForum

Nomura’s Amsterdam office celebrated our Group 100th Anniversary with a special reception commemorating this historic milestone. From our founding in Japan a century ago to opening our doors in the Netherlands in 1969, Nomura's commitment to building lasting relationships and connecting markets East and West remains at the heart of everything we do. To mark the occasion, we had the pleasure of hosting Rokuichiro Michii, Ambassador of Japan to the Netherlands, and Hilde van der Meer, Commissioner of the Netherlands Foreign Investment Agency alongside our colleagues for a memorable evening and ceremony. Our Amsterdam office has been instrumental in serving clients across Europe, and we're grateful for the trust and partnerships that have flourished over these many decades. The relationships we've built with our Dutch and European clients have been fundamental to our growth and success in the region. Thank you to all our clients and partners who have been part of this incredible journey. We look forward to the next chapter of innovation, growth, and continued collaboration. #Nomura100Years

As part of our series on the Nomura Well-Growing Institute (WGI), we’re highlighting activities that support health and human capital in one of WGI’s priority areas: daily essentials (food, shelter, clothing). At Nomura, we believe diversity makes us stronger. We are committed to creating a workplace where everyone can be their true selves. Along with our ongoing Nomura Group Inclusion Training, the promotion of inclusion has been incorporated into the performance management of all employees to help foster understanding and encourage positive behavior change. We are also actively working to advance disability inclusion. Nomura was recently named by the Tokyo Metropolitan Government as a “Best Practice Company for Barrier-Free Mindsets” for FY2025, in recognition of our efforts to build a more inclusive society where everyone can participate equally. We were recognized for our innovative and original initiatives, as well as the broad impact of our efforts. Nomura also supports the Tokyo Metropolitan Government’s “Principles of a Symbiotic Society,” which aim to promote mutual support and respect between people with and without disabilities. We will continue working to create an inclusive workplace where everyone can thrive.

Nomura is proud of our recent Rising Star award winners who have demonstrated strong leadership qualities, a commitment to a diverse and inclusive work environment, and who are viewed as the industry’s future leaders. Please join us in congratulating Alana Antwi-Donkor, Harriet Hughes and Samantha Barnwell as WeAreTheCity’s 2026 Rising Stars, and Julia Conway as Nomura’s 2026 Women’s Bond Club (WBC) Rising Star. Alana’s award came in the Capital Markets & Banking category, while Harriet and Samantha were recognised in the Editor’s Choice category. Julia was honored at WBC’s Merit Award Gala along with fellow honorees across the industry. #risingstars #womeninfinance #LifeAtNomura

We often hear about indices like the Nikkei Stock Average, TOPIX, and the S&P 500, but how exactly do they work? How are they calculated, and what role do they play in the market? In this first part of our two-part series, "Understanding Indices," we explain the basics of stock indices, why so many different indices exist, and how they are used. This article may also offer useful hints for questions like, “Why is the Nikkei going up, but my stocks are going down?” Read the article below, and stay tuned for Part 2, where we’ll take a closer look at specific indices. Nomura Plus: How do indices work? https://ow.ly/CbLe50Z438o

Our latest Japan equities analysis reveals three megatrends driving outperformance and providing insulation from macro headwinds 🏭 100-Year-Old Resilience: Companies established before WWII are outperforming the TOPIX. Their secret? Continuous evolution- from forestry to housing, aircraft parts to air conditioners, playing cards to gaming IP. 🤖 Physical AI Revolution: Japan is leveraging decades of factory floor data to dominate robotics and automation. With AI partnerships expanding and industrial robot backlogs surging, Japanese manufacturers are turning tacit knowledge into competitive advantage. 🎬 Content as Currency: The Takaichi administration is targeting ¥20 trillion in overseas content sales by 2033—up from ¥5.8 trillion today. Anime and Japanese entertainment are becoming strategic foreign currency earners, resilient to tariffs and supply chain risks. The intersection of longevity, technological prowess, and cultural exports offers a compelling investment thesis beyond traditional macro concerns. Read more on how these three pillars are reshaping Japan's equity landscape: https://lnkd.in/gdnvixVX #JapanEquities #PhysicalAI #Robotics