Nomura Raises Annual Profit Target Following Record Earnings
Nomura Holdings Inc., Japan's largest brokerage, raised its annual profit target for fiscal year ending March 2031 to ¥750 billion ($4.7 billion), up from a previous goal of over ¥500 billion. The firm also aims for an improved return on equity (ROE) range of at least 10%–12%, compared to its earlier target of 8%–10%. CEO Kentaro Okuda highlighted the company's enhanced earning power and focus on sustainable growth.
