Nomura Targets Doubling Profit by 2030 with Wealth Management Focus

Japan's largest brokerage aims for ¥500 billion in pretax profit, emphasizing stable income from wealth management over volatile trading.

Nomura plans to increase pretax profit to over ¥500 billion ($3.2 billion) by 2030.
The firm is shifting its focus to wealth management, which made up half of its pretax income last year.
Nomura aims to expand its client base among high-net-worth individuals and emerging wealth clients.
Plans include growing assets under management from ¥89 trillion to ¥129 trillion by March 2031.
Nomura is also targeting organic growth in its wholesale division to improve return on equity.