Nomura Hikes 2030/31 Profit Target to 750 Billion Yen
Nomura Sets New Profit Target
Japan's largest investment bank and brokerage, Nomura Holdings, has raised its profit and profitability targets for the 2030/31 fiscal year, following two years of record annual net profit.
Key Targets
Nomura aims for at least 750 billion yen ($4.70 billion) of income before income taxes and a return on equity (ROE) of between 10% and 12% or more for the year ending March 2031, according to a presentation released ahead of its investor event on Friday.
Sustainable Profitability Focus
The hiked targets demonstrate Nomura's confidence in achieving sustainable profits after many years of fluctuating results tied to market conditions.
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