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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nomura Holdings, Inc.    8604   JP3762600009

NOMURA HOLDINGS, INC.

(8604)
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End-of-day quote. End-of-day quote Tokyo Stock Exchange - 07/06
493 JPY   +2.58%
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Nomura considers having fewer staff at headquarters permanently

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06/03/2020 | 04:12am EDT
FILE PHOTO: Logo of Nomura Securities is pictured at the company's Otemachi Head Office in Tokyo

By Takashi Umekawa and Takaya Yamaguchi

Nomura Holdings Inc is considering having fewer staff work at its Tokyo headquarters permanently now that the coronavirus pandemic has spurred a huge shift to remote working, its chief executive said.

Around 80% of staff at Nomura's headquarters in the financial district of Otemachi have been working from home due to the outbreak.

"Do we need such a lot of staff in Otemachi? Do we need that much workspace here? I would like to discuss those issues," Kentaro Okuda told Reuters in an interview, adding that the company would conduct a review of the matter.

Japan's biggest investment bank and brokerage occupies most floors of the 22-storey Otemachi building, but it declined to specify how many people it employs there or what size of reduction in staff working at the offices it was looking at.

Firms across the world are looking at changing their work-from-office cultures with tech firms leading the way. Facebook Inc said last month it will permanently embrace remote work even after coronavirus lockdowns ease and Twitter Inc has also said some employees can work from home indefinitely.

Reduced rent could help Nomura which has struggled to expand successfully overseas and been hit by competition from online stock-trading rivals. It has announced three major rounds of cost cuts since 2011, including one last year when it said it was seeking to reduce costs by 140 billion yen ($1.3 billion) by March 2022.

Okuda also said he is looking at scaling back Nomura's retail branches in the wake of the pandemic without providing details. Nomura has 128 retail branches in Japan.

The interview was conducted last week and embargoed for release on Wednesday.

($1 = 107.5600 yen)

(Reporting by Takashi Umekawa and Takaya Yamaguchi; Editing by Edwina Gibbs)

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Financials
Sales 2021 1 291 B 12 018 M 12 018 M
Net income 2021 206 B 1 921 M 1 921 M
Net Debt 2021 - - -
P/E ratio 2021 7,25x
Yield 2021 4,23%
Capitalization 1 506 B 14 016 M 14 025 M
EV / Sales 2020
Capi. / Sales 2021 1,17x
Nbr of Employees 26 629
Free-Float 75,9%
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Technical analysis trends NOMURA HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 491,36 JPY
Last Close Price 493,00 JPY
Spread / Highest target 15,6%
Spread / Average Target -0,33%
Spread / Lowest Target -18,9%
EPS Revisions
Managers
NameTitle
Kentaro Okuda Group Chief Executive Officer
Koji Nagai Chairman
Toshio Morita Group Co-Chief Operating Officer
Takumi Kitamura Chief Financial Officer & Executive Officer
Jun Yoshimura Executive Officer & Head-Group IT
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