Japan's biggest brokerage Nomura has raised its annual pretax profit target by 50 percent following a record year.
Nomura seeks to post at least ¥750 billion ($4.7 billion) in annual pretax income by the year ending March 2031.
The target represents a significant increase from previous goals and comes after strong recent performance at the firm.
Japanese listed firms posted record net profits for the year ended March 2025. The figure marked a fifth straight year of highs, driven by strong results from semiconductor and data center companies.
Riportato dall'IA
Net profit growth for Nifty 50 companies in the fourth quarter of fiscal 2026 is expected to slow on a year-on-year basis due to price effects from the Iran-US war, brokerages said. Estimates range from 0.6% to 6%.
Sumitomo Mitsui Trust is considering up to ¥380 billion in digital investments. The bank also plans to spend ¥30 billion on operational optimization and reposition around 900 employees into client-facing roles.
Riportato dall'IA
Birla Corporation reported a 15% year-on-year increase in net profit for the March-ended quarter. Revenue rose modestly while the company announced a dividend payout.