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.
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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%.
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.
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Honda Motor has posted its first annual loss since 1957, recording 423 billion yen or $2.68 billion for the financial year that ended in March. The company confirmed the figures on May 14, attributing the shortfall mainly to heavy spending on electric vehicles.