Nomura Holdings is seeking acquisition opportunities in the US investment management sector after last year’s $1.8bn purchase of Macquarie’s US and European public asset management operations, reported Reuters citing its chief executive.
At the company’s annual investor briefing, Kentaro Okuda said: “Having made this large U.S. investment, we’re in the market for companies or divisions with products that complement it.”
That Macquarie transaction was Nomura’s biggest since it took over parts of Lehman Brothers following the 2008 collapse, though those assets were later written down.
Okuda said: “Abroad we are seen as a global company, but in Japan people see us as a domestic firm.
“We want to communicate to the general public and especially our customers in Japan, what kind of work we do and how much profit we are generating globally.”
Following earnings in the past two years, Nomura raised its medium-term profit outlook by 50%, setting a new goal of at least Y750bn ($4.7bn) in pre-tax income for the year ending March 2031.
The company plans to deliver Y150bn in annual pre-tax profit from investment management by March 2031, compared with the earlier target of Y100bn.
The news agency added that Nomura is seeking to expand private credit assets under management in its investment management division by a factor of 10.
It is targeting more than $5bn in assets under management by the end of the 2030-31 financial year, up from $500m in the year ended March 2026.
“Our private credit balance refers to the distribution of private credit held as investment products, so the risk we are taking on our own balance sheet is extremely limited,” said Hiroyasu Koike, head of investment management.
Last year, Nomura signed a collaboration agreement with OpenAI to implement OpenAI Deep Research and utilise its technical support for developing and deploying new services for clients.
