Nomura raises annual profit target 50 percent after record year

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.

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