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    8601   JP3502200003

DAIWA SECURITIES GROUP INC.

(8601)
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Delayed Japan Exchange  -  01:00 2022-12-01 am EST
610.00 JPY   +0.33%
05:39aDaiwa Securities Closes Buys Back of 33 Million Shares
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Daiwa Securities : Japan's Nomura bolsters its U.S. investment banking team

01/29/2018 | 06:57pm EST
FILE PHOTO: Logo of Nomura Holdings is pictured in Tokyo

TOKYO (Reuters) - Japan's Nomura Holdings Inc (>> Nomura Holdings Inc) has beefed up its U.S. investment banking team as the brokerage and investment banking group looks to grab a bigger share of fees in the world's biggest economy.

TOKYO (Reuters) - Japan's Nomura Holdings Inc (>> Nomura Holdings Inc) has beefed up its U.S. investment banking team as the brokerage and investment banking group looks to grab a bigger share of fees in the world's biggest economy.

Nomura said in a statement late on Monday it had hired 15 senior bankers in the United States over the past 12 months in areas including mergers and acquisitions, leveraged finance, and equity capital markets.

The brokerage has made a U.S. expansion of its investment banking arm one of its priorities as it strives to earn more stable income from advisory services. Its hires include bankers covering the healthcare, technology, and financial services sectors, it said.

The expansion comes after a major restructuring in 2016 - including a big shrinking of its operations in Europe - following its acquisition of Lehman Brothers' Asian and European businesses in 2008. That led to six consecutive years of losses for its international operations.

Reuters reported last year that Nomura planned to add a dozen senior- and mid-level investment bankers over the next 12 to 18 months in the United States as it anticipated more deals by Japanese firms in the area or by U.S. companies overseas.

Japanese companies, flush with cash and facing limited growth at home, have sought to acquire firms in the United States. Nomura's peers are also looking to expand to take advantage of the trend.

Last year, No.2 brokerage Daiwa Securities Group Inc (>> Daiwa Securities Group Inc) bought two U.S. boutique merger-and-acquisitions advisory firms to strengthen its M&A operations.

Sumitomo Mitsui Financial Group Inc's (>> Sumitomo Mitsui Financial Group, Inc.) brokerage unit, Japan's third-largest, is ready to poach bankers to expand its U.S. investment banking arm and could even buy small firms, its chief executive said last month.

(Reporting by Thomas Wilson; Editing by Paul Tait)


ę Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
DAIWA SECURITIES GROUP INC. 0.33% 610 Delayed Quote.-6.27%
NOMURA HOLDINGS, INC. -0.24% 499.5 Delayed Quote.-0.20%
SUMITOMO MITSUI FINANCIAL GROUP, INC. -1.01% 4626 Delayed Quote.18.51%
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Financials
Sales 2023 507 B 3 638 M 3 638 M
Net income 2023 70 873 M 509 M 509 M
Net Debt 2023 - - -
P/E ratio 2023 12,6x
Yield 2023 4,04%
Capitalization 883 B 6 339 M 6 339 M
Capi. / Sales 2023 1,74x
Capi. / Sales 2024 1,53x
Nbr of Employees 14 889
Free-Float 89,1%
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Mean consensus HOLD
Number of Analysts 9
Last Close Price 608,00 JPY
Average target price 612,56 JPY
Spread / Average Target 0,75%
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Managers and Directors
Seiji Nakata Executive President, CEO & Representative Director
Eiji Sato CFO & Managing Executive Officer
Takashi Hibino Director, Head-personnel & Legal Affairs
Tomoyuki Murase Managing Executive Officer
Toshihiro Matsui COO, Director & Representative Executive VP
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