Nomura (US:NMR) Zhi Tong Cai Jing·2025-07-29 08:24Group 1 - Nomura Holdings reported a 52% year-on-year increase in net profit for Q1, reaching 104.6 billion JPY (approximately 705.7 million USD), compared to 68.9 billion JPY in the same period last year, driven by strong trading and investment banking performance [1] - The company's performance continues to build on its record annual profit achieved in the fiscal year ending March 2025, reinforcing its leading position in the Japanese market and advancing its long-term strategy to become a global financial powerhouse [1] - Despite global M&A activity being hindered by tariff uncertainties, Nomura benefited from large domestic transactions, including the privatization of NTT and a subsidiary of Toyota [1] Group 2 - According to LSEG data, Nomura ranked 11th in global M&A advisory fee income for the first half of 2025, indicating its competitive position in the market [2] - To mitigate performance volatility, Nomura has been expanding its wealth and asset management business, which now accounts for nearly 40% of pre-tax profit, capitalizing on the trend of Japanese households shifting from savings to investments [2] - The asset management division reached a record high of 94.3 trillion JPY in assets under management during the same period [2] Group 3 - In the current quarter, Nomura generated a pre-tax profit of 56 billion JPY from the sale of a Tokyo real estate project through its subsidiary [3] - In April, Nomura Securities announced the acquisition of Macquarie Group's asset management business, adding approximately 180 billion USD in client assets [3] - The company faced challenges in its overseas expansion efforts, including difficulties encountered during the 2008 acquisition of assets from the bankrupt Lehman Brothers, which later resulted in asset write-downs [3]